The problem with hedging into other cryptos during a Bitcoin crash is that their prices are also affected so the best hedge would be into USDT or fiat if you really think its going to drop. If it does drop the price will rebound very quickly once all uncertainty is cleared up. We are more bullish than ever before- Just crossed the 96B market cap today again :) https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-7-24-2017
Good point @hotsauceislethal very valid. Just to provide some clarity when I mentioned alternative I was leaning towards coins not on the blockchain, for example IOTA. The value of IOTA is very low to begin with $0.264172 currently. Note the significance here is alternative digital currency. Frankly speaking the consensus is to go with fiat, of which I agree with you. Truth in fact that Bitcoin momentum moves everything the same direction its going, this we can all agree on.
We are all hoping for the Bulls to continue its uprising.