A guy once told me, altcoins generally do what bitcoin does, but to a larger extent.
So BTC goes up 10% --> Alts go up 20%
BTC goes down 10% --> Alts go down 20%
While there are some exceptions (ETH did not crash now, presumably because of the ETF rumour), during the last month I verified this.
I want to sell my BTC when I expect the next bull run to be over. But I do not want to cash out because that will lead to confiscation of the profits via taxation.
Someone told me to swap the profits for stablecoins. But stablecoins are currently under serious attack, and are at risk of getting depegged.
Is there any alternative to cashing out and paying enormous taxes? It makes no sense to swap 100k worth of BTC to an altcoin when we expect a BTC crash of 40%, when all other altcoins are likely to crash even harder.
I wish there was something that behaved conversely to the BTC price.
Bro, I really do understand the angle you are coming from, you just want to hold unto your gains when the bull run is over, but thinking of swapping Bitcoin to an alt coin or shit coin is actually suicidal, because we all know that alt coin and meme coin falls more than they rise, and if the price of Bitcoin can crash by 40% as you said, I can bet that all alt coin and shit coin alike will crash up to 70%, so the best possible option is to hold your asset in a stable coin as usdt.
Lastly, in my own perspective bro, this is actually not something to worry about because I don't think the usdt will be depegged anytime soon, so holding your gains in a stable coin is actually the best way to go, considering all the available options, though I might be wrong, but that's my own opinion though.