I've noticed that Bitcoin's price continues to go down while many alternates are maintaining their values or going up.  Yes some alternates do temporarily go down but the amount of change is negligible compared to how BTC used to be $1200 and now it's $380.

 Note:  I am not talking about just LTC (there are many many alternates outside the top 3.  Some of these coins didn't even exist in 2013 and yet have capitalizations in the 10s of millions).  There are likewise many new alternates with a capitalization in the millions which did not exist months ago.



http://coinmarketcap.com/


At this rate it looks like alternates may hit $1 billion capitalization while Bitcoin's capitalization declines.  Looks like people are using alternates as a hedge against Bitcoin losses.