BTC and ETH price are too high. Better invest in alt coins like ADA, DOT, MATIC

[conected]

As much as the prices for bitcoin or Ethereum might look intimidating when compared to other altcoins, they still hold a lot of potential to go up  especially that we are ~40% down the all time high, that means we have 40% to gain when you buy the dip now .

Btw other alts suggested might be a cheap option but the potential could be more than our top coins if they offer more than just a store of value.

- Bitcoin and Ethereum have relatively good stability after injuries but the profit level is only proportional to the recovery level, which means that except for a little profit from the recovery, their other efforts will be lower because their vitality has been spent more on treating injuries while other altcoins have more resources, their wounds are also relatively small and easy to close. I don't pay too much attention to altcoins that can heal quickly and recover strongly but recently, ADA is a phenomenon that has accumulated quite a lot on the chart.

[LUCKMCFLY]

Hello guys, I find this thread interesting, because although BTC is at a relatively high price, for many it is low, because it is expected that it can go up to $ 100k, in fact if the next Target they place it at $ 288k according to the S2F model, the alts is the correct way to do this, in this case I have reviewed many, but I see a special future for BCH, I clarify that I do not use this currency, I only see potential in terms of the speculative value that it can reach in the market , I have seen many technical analyzes, in this one they analyze it like this:

The Awesome Oscillator’s reading suggested that the alt’s price might see a surge in the short-term as the green signal bars were pictured above the centerline.

Looking at recent price movements, the bulls might find it hard to push above the $557 resistance level for now.  

Source: https://ambcrypto.com/bitcoin-cash-bat-dash-price-analysis-03-july/

In this case, everything indicates that it may be bearish, but it is the market in general, however this currency has a high probability of rising.

[Fredomago]

As much as the prices for bitcoin or Ethereum might look intimidating when compared to other altcoins, they still hold a lot of potential to go up  especially that we are ~40% down the all time high, that means we have 40% to gain when you buy the dip now .

Btw other alts suggested might be a cheap option but the potential could be more than our top coins if they offer more than just a store of value.

Other options still have a very big room to grow, while the dominance still being hold by BTC and ETH, those outstanding performances coming from other Alts are making its way providing more success from each investors who believes and invest with those assets,

we can't tell how big the market for those progressive assets but if you are willing to hold long enough, those project can give more profits
in the long run.

It's a matter of choosing between practicality and ambitiousness, if you are willing to take the risk, you can play with other assets, but if you are more conservative choosing BTC and ETH still your priority.

[bocyaj]

I see the price of BTC is too high $39,000/BTC.  It takes very long for BTC to get $100,000.  ETH price is $2800/ETC and the ETH market cap is $330 million.  It takes a lot of money to double the price of ETH.  I see some alternative network like ADA, DOT, MATIC (Polygon), LINK having lower price.  It is easier to double money.  I missed the price of BTC at $1000 or ETH at $100.  I want to buy and DCA (Dollar Cost Average) for ADA at $1.75 in a couple months.  So later I can have 10,000 ADA and hopefully the price will be $100/ADA in a couple years then I will be a millionaire.  What do you think?  Thanks.

ADA and Matic are more potential one then of DOT.You can try for Ada to get good investment for the short and longer time.Not only you, most of the people who get into the forum late after 2016 may lose the chance. The important fact is we can't get into the past it's sad one.

[Review Master]

Alts can grow considerably higher if btc reaches 100k for example at the same time the amount of risk you are taking also increases. It really depends on your risk appetite and whether you can afford it. I would say diversify your portfolio and don't go all in one coin unless that is your preference.

We don't need to wait for bitcoin to hit $100k as fomo among the users will trigger when bitcoin will again rebound to $50k or more. Eventually, alts will take bullish rally again just like previous months when bitcoin was pumping along with other alts. Indeed, it'll increase the risk as we can't be sure whether it's break out or fake out from bitcoin as whales could again dump to trap users for their own profits. Also we need to invest only those funds which we can afford to lose and pick up different potential alts.

[mrjoy15]

It is a high value for Bitcoin yeah but I don't see it as too high. Because it has dropped down to this level from 60k dollars. If one buys from this level, he/she can make a really good profit in the long run.

Although bitcoin and ethereum are more valuable they are more profitable than other currencies for investment. Other altcoins are less likely to rise as their prices fall but as bitcoin and ethereum fall they rise again just have to wait patiently.

You are independent to put your money where you like, each and everyone has different agenda and ways to make money. We all wants to make money, whales dive with big portion of investment while most if us looking cheap option to invest.  I have so much confidence on those altcoins, you might need to buy now and wait until it's rising.

[Ararbermas]

Actually ADA, DOT and MATIC still showing improvement despite of the situation of the market and probably it's been days that i saw them in some exchanges which is showing green percentage while other altcoins are not. For me this 3 alts seems doing their best to showcase how good project and very optimistic they're when it comes to any situation in the market..

but for me in my personal opinion if i still have free money, probably i will choose bitcoin or ethereum mate, because this two were trusted and proven and tested that can guarantee profits even short term or long term.  No offence but ADA, DOT and MATIC have not yet proven anything if they can really guarantee a massive afterwards.

[FanEagle]

There is no such thing as "too high" in crypto, you could still buy a small portion of bitcoin and you could still easily double your profit as well. How can doubling your profit is not enough? I mean you could buy from around 30k and then sell it when it reaches 150k and you would have x5 profit from just bitcoin, ethereum is even better because it is more volatile and has lower volume so more easily moved as well, you could have 5x profit but you could even make 10x profit from ethereum.

Any person that says that they can't get rich by 10x profiting should either lower their expectations or should have a better capital to start with otherwise 10x should make everyone a ton richer. I could literally retire with 20x for example, it is THAT much profit and if you do not make that much profit then you should not look for it in other silly stuff.

[crzy]

BTC and ETH are still cheap looking forward to its future price, so I don’t think leaving your portfolio without these two is a great idea. Though I have to agree that you have to look for other better options, like ADA and BNB because there’s so much good altcoins in the market we can earn profit from that.

[ElmedoRator]

I still prefer to buy BTC and ETH over other cryptocurrencies, although we may find them to be too valuable to hold at the moment, but honestly we all agree that they are both methods the best facility in this market so that you can make a good profit without too much risk.

[Anonylz]

I see the price of BTC is too high $39,000/BTC.  It takes very long for BTC to get $100,000.  ETH price is $2800/ETC and the ETH market cap is $330 million.  It takes a lot of money to double the price of ETH.  I see some alternative network like ADA, DOT, MATIC (Polygon), LINK having lower price.  It is easier to double money.  I missed the price of BTC at $1000 or ETH at $100.  I want to buy and DCA (Dollar Cost Average) for ADA at $1.75 in a couple months.  So later I can have 10,000 ADA and hopefully the price will be $100/ADA in a couple years then I will be a millionaire.  What do you think?  Thanks.

I completely get what you mean, even though btc is predicted to go higher in years to come it is still under probability, the market is unpredictable and as a btc holder you must be very patience especially if you didn't buy btc below 20k, except you are a whale and can afford to put huge fund, it will be hard to be a millionaire with few btc, so good alternatives like ada, dot matic etc can be a better consideration with a low budget investor, this coins are very solid and has a strong supporting team as well, they have a good level of trust which their long term existence is guaranteed, it is a good idea to have some ada now while the price is still very reasonable.

[LUCKMCFLY]

ADA has done its part, although the bulls could not break the 1.5USD area, however the trend is not clear, since BTC has been in some uncertainty, however it could be expected that if BTC continues to rise, Cardano will become one of the most winning alts:

the ADA/USDT pair could start its journey toward $1.94. Conversely, if bears sink the price below $1.20, the pair could retest the critical support at $1. A break below this level will be a huge negative and may start a new downtrend.

Source: https://cointelegraph.com/news/price-analysis-7-6-btc-eth-bnb-ada-doge-xrp-dot-uni-bch-ltc

You can hope for the best for ADEA, I think the bulls are waiting for the best time to raise the price, that time may be when BTC reaches $ 40k, it is just a theory, but from what I see it can happen that way.

[Sirait]

I see the price of BTC is too high $39,000/BTC.  It takes very long for BTC to get $100,000.  ETH price is $2800/ETC and the ETH market cap is $330 million.  It takes a lot of money to double the price of ETH.  I see some alternative network like ADA, DOT, MATIC (Polygon), LINK having lower price.  It is easier to double money.  I missed the price of BTC at $1000 or ETH at $100.  I want to buy and DCA (Dollar Cost Average) for ADA at $1.75 in a couple months.  So later I can have 10,000 ADA and hopefully the price will be $100/ADA in a couple years then I will be a millionaire.  What do you think?  Thanks.

ADA, MATIC and DOT are potential crypto coins, the price is still very cheap. Defi started to use polkadot and Matic as their network a lot. start collecting a little from now on for the long term highly recommend.

[CutePanda]

this is one of the things that must be avoided, if you have labeled the price of an altcoin too high, it will only make us not buy it, while when the coin continues to soar, explode, and skyrocket, it will only make you regret. the point is, never label btc and eth already too high, after all the price of eth is now only half the price of ATH (all time high).

[justdimin]

When BTC price was pumped to $10 years ago, people are saying it was too high and not buying it. Then it pumped to 100$ people regret it and think it was too high and deciding not buying that, likewise when it hit 1k, 5k, 10k. So i think when a coin having a price increasement more than 10x we al ways think that already high and decide not buying it, but in the future the price could be multiple times than the current price that we assume already high

You will see that in 10 years there will be a lot of people who will be upset that they didn't buy under 40 thousand dollars as well, that is a fact and I am sure of it. However the funny thing is, it happens not just in long term but in short term as well, there are people out there who think that they should have bought bitcoin when it was 10k while the price was 60k, then price went to 30k and they got scared and sold. Dude you literally said you wish you bought more bitcoin when it was lower, then the price gets lower and instead of buying like you said you end up selling?

Those people are idiots, the price of bitcoin dropping is not a bad thing if you do not need cash right now, if you can buy bitcoin at lower levels it is a good thing, but for some reason people end up selling when it goes down and buying when it goes up instead of doing the other way around like they should.

[kurniawan05]

I think ADA, DOT and Matic are good coins for the long term, but for now I have bought several thousand matic coins only.

[LUCKMCFLY]

Updated about MATIC:

Matic has not had important movements, which means that it is very likely that the bulls are not very sure of the movements that BTC can generate and therefore they will be careful, maybe if there is a confirmation of the BTC trend they can act I think If so, it is a very good opportunity for those who want to buy:

The Chaikin Money Flow also pictured a drop in capital inflows as outflows remained consistently high.

The MACD indicator has been noting bearish signals over the last few trading sessions stretched over the last few days. However, at press time, bullish signals had the potential to crossover the bearish signal.

Source: https://ambcrypto.com/ethereum-matic-synthetix-price-analysis-10-july/

It is probable that many investors, if they generate the potential of this currency, take it as a possible safe haven, in the market anything can happen, those who take risks for MATIC can obtain very good profit.

[LUCKMCFLY]

Another SNX update:

The currency has been reacting to a relatively bearish market in the short term, as BTC has for now an uncertainty to go up to $ 40k, it has cost a lot since the uncertainty and panic can be taken into account worldwide, however SNX remains firm, some indicators suggest a possible bullish trend for the currency, which at this time would be a great investment in it:

The Relative Strength Index fell from the overbought zone before stabilizing above equilibrium. The Bollinger Bands held their width and suggested that the price could slightly fluctuate over the upcoming trading sessions.

Finally, the Parabolic SAR revealed that the digital currency was on an uptrend, given how the price was on the rise.  

Source: https://ambcrypto.com/ethereum-matic-synthetix-price-analysis-10-july/

The best thing for those who are in doubt is that they can review the volume and see what it suggests, because for now everyone expects a downtrend for BTC, but the market always tends to do the opposite, if so the odds for SNX to rise gets stronger when BTC rallies.

[Handsome Boy]

I see the price of BTC is too high $39,000/BTC.  It takes very long for BTC to get $100,000.  ETH price is $2800/ETC and the ETH market cap is $330 million.  It takes a lot of money to double the price of ETH.  I see some alternative network like ADA, DOT, MATIC (Polygon), LINK having lower price.  It is easier to double money.  I missed the price of BTC at $1000 or ETH at $100.  I want to buy and DCA (Dollar Cost Average) for ADA at $1.75 in a couple months.  So later I can have 10,000 ADA and hopefully the price will be $100/ADA in a couple years then I will be a millionaire.  What do you think?  Thanks.

how can you say if the price of BTC will take a long time to reach $100k, because the price of BTC once reached $62k and in my opinion it is very easy for the price of BTC to reach $100k, so if you say that the price of BTC will take a long time to reach $100k, then I believe if the price of ADA will take much longer than BTC to reach $100, so it's impossible for the price of ADA can reach $100 if the price of BTC doesn't increase very high (reach $100k), because the increase in the price of Bitcoin has a big effect on the increase in the price of altcoin.

[yohananaomi]

I see the price of BTC is too high $39,000/BTC.  It takes very long for BTC to get $100,000.  ETH price is $2800/ETC and the ETH market cap is $330 million.  It takes a lot of money to double the price of ETH.  I see some alternative network like ADA, DOT, MATIC (Polygon), LINK having lower price.  It is easier to double money.  I missed the price of BTC at $1000 or ETH at $100.  I want to buy and DCA (Dollar Cost Average) for ADA at $1.75 in a couple months.  So later I can have 10,000 ADA and hopefully the price will be $100/ADA in a couple years then I will be a millionaire.  What do you think?  Thanks.

how can you say if the price of BTC will take a long time to reach $100k, because the price of BTC once reached $62k and in my opinion it is very easy for the price of BTC to reach $100k, so if you say that the price of BTC will take a long time to reach $100k, then I believe if the price of ADA will take much longer than BTC to reach $100, so it's impossible for the price of ADA can reach $100 if the price of BTC doesn't increase very high (reach $100k), because the increase in the price of Bitcoin has a big effect on the increase in the price of altcoin.

If you compare bitcoin with ADA it is clear what you are saying is something analytically correct. because there is no way ADA can reach $100 without bitcoin increasing first, because all altcoins are always affected by bitcoin and none are able to move on their own, maybe what can do is only ethereum other than that it is very difficult.

bitcoin is clearly right that it will hit $100K by the end of this year, should have done it once it hit $62K, because bad news is making a very deep correction but it's not the end of bitcoin and it's waiting for momentum to pick up. it's clear that good news is starting to emerge so it's only time that bitcoin will rise.