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RE: Bitcoin Goes Nuts - Will it sell of before Sunday's CBOE Futures at 6pm?

in #cryptocurrency7 years ago

will alt coins price rise if bitcoins falls and if so is it a good idea to trade your bitcoin for another coin in preparation for a crash then trading back when bitcoin levels out

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Most Likely not. When bitcoin falls it will tank the alt coin market more precipitously than bitcoin's own fall - even given it's recent parabolic growth.

If you want to insulate your money from crypto volatility without having to cash out incurring capital gains - maybe look into trading into Dash. It's price behavior is much less volatile during booms and busts of the other coins.