Bitcoin Forum

So I bought some Ethereum for £1070 a few days ago and it is now worth £1326. Would now be a good time to sell for a small profit?

I am investing more long term in Bitcoin but wanted to trade a bit on smaller coins i.e Ethereum etc.

You are currently credited more than 20 percent of increase from your original money. If you ask me, it is not a small profit in the percent you are earning from capital investment.

20% sounds a small profit in bull market when coins rise with 100%, 200%, 500% or more but believe me, soon you will realize that profit is only profit when you take it. Next two years, you will understand that 20% increase sometimes is very difficult to touch on. It is what you will feel about in bear market.

So, take it and don't consider it as a small profit.

Tip: asking questions about "when to sell", "when to buy", or questions about prices in general are mostly going to be pointless. Most of us here are just as clueless as you are.

If you're happy with the 23.9% increase, sell. If not and you want to risk it a bit more and hope for a bigger increase, then hold a bit longer.

Maybe if you have any doubts, feel free to sell them all. If you have faith then please wait. But if you don't want to lose because the market is unpredictable then my advice is to take your capital, please leave your profits on the coin for the long term. At least you will not experience a loss in capital. But all decisions are yours. You have to be brave to take risks.

If you are holding long term in Bitcoin, there's no point to long Ethereum. They are both highly correlated and you are doubling down your Ethereum position to Bitcoin. Of course you can continue to hold instead of taking profit, this means both highly correlation exposed to market risk.

They want to feel that they are doing the right, that is why they are asking question despite the people that are asked doesn't know the answer too, nothing wrong with that in my opinion. 23.9% is a lot of money in such a short time, if I were that I would be filled with joy because I profited big time but that is if we are comparing it to the profits we get when we are on the stock market, in crypto a 23.9% is not something celebrated yet because it is evident that there are instances that a growth of more than 20% is possible, but @mk4 is right, if you are happy about it and you think that it is the right time to sell then do it.

As you said, you're more long term in bitcoin only. So if I were you, I'll take that 20%+ now, and repeat order in an exact time/price.

Note: you're the one who knows the better for your financial.

I will take this opportunity because 20% the profit in a few days is quite a lot in my opinion and in crypto the price changes very quickly, You say as a Bitcoin holder, profits from ETH can re-add the amount of BTC you have, but back again what is your initial target to buy ETH, for the short term or long term holder.

Anytime.

Sell and wait again for a dip and buy.

When you sell, put a larger part in bitcoin and you can still do what you want with Ethereum for doing some trades.

It's up to you.
That's already gain and if you don't want anything to do with Ethereum then so be it, sell it.  ;)

You're up to keeping other currencies like you said which is Bitcoin.
Then better focus on that. Getting greedy will get you nowhere. You don't want to ruin your plan or else it will get confusing on the long run.

Thank you all for the feedback. I need to work out a proper strategy as this is my first experience in crypto.

In general, you'll find two extremes, those who believe a 5% gain is good enough to sell and those who aim for 50% or more. I'd play it safe and use a proper sell/exit strategy depending on my capital but as a rule of thumb, the best one is to sell a percentage of your holding when the price reaches a certain value. So, let's say 5% when ETH rises to $1500, 10% when it reaches $1700, and so on. Obviously, this depends on your risk appetite.

If you plan on day trading though, I guess most of the time 10% profit a day is good enough to close your trading activity (as long as your capital is $1k or more, since with $100 you'll only get peanuts).

From my view points, it'll be more profitable if OP hodl it until next London Hardfork where EIP 1559 (Ethereum Improvement Proposal 1559) will be implemented and this is great news for ethereum hodlers. As gas fee will be reduce after this hardfork because it won't be the same transection process like now and burn machanism+miner tipped system will be introduced on EIP1559 which will definitely impact on the price of ethereum. So, it'll be profitable for all dapp users as well as ethereum hodlers in the long run.

That will be up to you when you should sell your ethereum, but maybe taking the profit will now be a good idea.
If you have more than 1 ethereum or let say you have 5 ethereum, you can sell 1 ethereum at a price now, which is a high price than the price you bought.
You can have more money from selling that ethereum, so when the price gets a correction later, you will have a chance to buy ethereum, and in that time, your ethereum amount will change and that is not just 1 ethereum because you can buy more than 1 ethereum.
Or you can still buy for 1 ethereum and keep the profit for another coin or withdraw it.

I advise you not to ask such questions to strangers on the Internet. Everyone should decide for themselves how much to invest, in what moment and with what profit / loss to sell.
If you consider this earnings appropriate, then sell it.
Overall, the sentiment in the market is very positive and I personally haven't been selling yet, but I'm not sure the price will go up, I just accept the risk that it may go down.

you already get a profit even though it is small, but it is very good for you. in trading you don't have to get big profits but small profits are consistently better. in this case you choose the correct token such as ethereum

If you wanna try to trade your ether and just do that as long as you have got profit from your ethereum and it's not a bad decision.
Do you see the latest news? the bitcoin is preparing to break another ATH soon. I do believe it doesn't matter what kind of major coin that you are holding right now.  You can try to keep some and sell the rest.
It might be the best decision to take some money as your profit and keep some to anticipate the next bullish trend.

In my opinion, Etherem is the best investment right now, because from a time to a time it has experienced very drastic growth, so that the etherem is a promising investment, currently the price of the eth is $1800 and will be close to $ 2000 , only what I regret is the very high cost of etherem gas , I hope the ETH management can findinga solution to this problem, so that ETH can develop even better in the future,

well, for now you already made about 30% profit right,,
its better to sell a half of your ethereum now and keep your profit in eth, because beside bitcoin ethereum is good for long term investments too
regards

Good luck with it. Just keep on doing what you think will work for you and the rest will follow and you'll definitely come up with a strategy of when's the right time to sell and to buy.

ETH is a good investment but if we're dealing about which is the best, Bitcoin will remain to be the best.

It always depends on you, if you think that the profit is enough then you can sell it, the only reason why people loss is because they are  lack of patience but it is still depend on the holders hand, because no one knows what will happen next, this is crypto and you will be the one to make your own strategy in the market that is always moving from time to time, you're investment is also youre loss if ever the price will fall down ,so if theres already a profit then grab it holding is just an option to those who can wait for a years or even a decade so think twice.

You are right mate, patience is important in crypto but the most important is brain we also need to be smart and think twice if we can wait for so many years in order for us to earn, but it always depend on your luck, look at the bitcoin price today and imagine if you bought bitcoin last 2018 and hold it for 3 consecutive years and look at the profit the you possibly earn. sounds simple but it is hard, because no one can control the price and we dont even know what will happen tommorow if it is still bullish or bearish.

Such decision really depends on the buyer himself. If he is already happy with the profit, he can sell it at anytime he wants. The important thing here is that, he is in the positive profit here. He can always do the buy and sell and earn profit thru that strategy. As we don't know what will happen in the crypto market, better secure your funds with positive earnings, right?

Take Profit or Cut Loss decisions could be your personal decisions.
The only can i advise to you is that decisions could be based on your strategy, not by emotional and irrational moves.
But my personal opinions, i will hold that ETH because i believe after ETH solves it high gas fee issue, the price will be go higher.
Also, ETH/BTC at this time is on Horizontal Support Line.

I believe there is not much to wait for the Ethereum team to implement their plans for the final stage of Update 2.0, including EIP 1559 in the London hard fork, which will reduce transaction costs. But my biggest concern today is the mining pools strike because they have several options to stop EIP 1559 and most of them involve actively hostile actions against the network.

Investors on the market have very positive moods and everything indicates that the upward trend will continue. This is a speculative thread, so don't take my suggestion to hold your investment as a guideline and advice. You have to decide on your own finances and remember that cryptocurrencies are a high risk market. But as probably most of the users in this thread, if I were in your place I would hold back on selling Ethereum for a while.

beside bitcoin you should have ethereum for long term hodl too,
so i suggest you to buy more ethereum now, before the price touch $3000 in the next couple of weeks my friend

You should consider crypto is very volatile and it can go down so hard but recover again in a short time. You must also try to watch the trend and it looks like bitcoin is still very bullish at this moment.
That means if ethereum has a chance to go back again to the moon. Yesterday ethereum has been facing another 10% growth and i guess you should never sell your ethereum consider it can give you capital gain.
That should be a dilemma for you whether you wanna sell your ethereum or not. You should learn from the various traders in the market.

It's up to you if you want to sell your ethereum. For me it's not bad that you gained 20% profit. If you don't need money then you better to hold until ethereum hits $2000 price. Investing bitcoin for long term I don't think if that is good idea but I prefer top altcoins like Cardano, Binance coin and Polkadot. 

Congratulations, you already get a profit of more than 20%. If I was in your position, i will sell it soon, because I got the results from the investment that I made. In investing we must have a principle, do not ever be tempted by big profits that we will not necessarily get. Moreover, the crypto market is very difficult to guess, it could be that we will lose everything because of greed wanting to get bigger profits.

The EIP will make it even more in demand.

It's what the community is waiting for. For such updates coming from the ETH main devs are making it confident that everyone should be able to invest on it.

It didn't break $1900 this time and $2k is the ideal price to look forward.

Selling for a small profit is not a sin or something bad but the market bullish momentum is very much functional selling now will make you lose much more profit. However, you need to create a stop lost strategy which will prevent you from making lost when a dump happens suddenly in the market.

Yes its a problem, but its easy to counter that since i believe many Ethereum supporters can buy hashpower from Nicehash or elsewhere to support the network from the mining pools which support EIP 1559.
In the end, miner will move to another network which still use PoW mechanism.

I agree that holding ethereum is a better choice right now, sure there are things that do not look good for ETH just yet, it could get better but it Is not nice right now, and the fact that BNB is getting more attention and the transaction fee's of ETH getting higher all attributes to people not holding ETH too much, but the reality is that we could always end up with holding for longer term and profiting. Who says that ETH will not be like bitcoin?

Can you guarantee that ETH will not become 50k? I still think that it is a possibility and we will see that one day, obviously it may take years and years before that could happen but that is a possibility and that Is why holding eth is not an idea. If you have more money you should invest into other things too, who could say that you can't hold on to the other things, but just hold eth as well as other ones.

Why didn't you make a plan in advance when you bought your Ethereum?
You can decide at what price you will sell when the price goes up or when the price goes down.
I would like to advise you to hold your ETH. but since you buy already at a quite high price, I think it's too risky.
This relates to the long-term renewal that ethereum is running. I have the belief that when all is done it will make Ethereum prices even better.
considering bitcoin didn't get that big of a correction until the update was complete.

Ethereum is a huge volume cryptocurrency and they have number of whales in current traffic. But we don't know when it will pump or dump in cryptomarket. I think surely next couple of months it will going to forward and we know all the coins are follow the BTC way so long term investors are make more profit in crypto platform.

It's better to sell some if your ethereum combined with bitcoin to trade another promising coin. There is also another option just like sell your bitcoin and keep your ethereum in your wallet. I guess ethereum is steadily increasing even more. Is not it bad to selling your ethereum right now?
You must think about this dude as there is a possibility for ethereum to break another ATH again soon. Think about that.
Even bitcoin is coming back to the bullish mode too.

if you already have some ethereum in your wallet, i think its better for you to think about hodl mate
and for me thats the best strategy for a good and solid altcoins project like ethereum beside bitcoin

It has always been the best idea to invest in bitcoin for long term. In my experience, I've gained more in Bitcoin but we don't have the same experience and I know people who have made more in altcoins.
But to say that bitcoin isn't a good long term investment, I think that you're having a mistake with that belief. It's always been the most stable and reliable cryptocurrency that you can hold for the long term.

why you are not drop your money in ethereum as long long term investment, just like bitcoin ?
many people believe if in the next few years ethereum price will growing really hard my friend,
even in my predictions the price could grow and touch about $3000 even more in this year

Investing in BTC for the long term is the best idea and to tell the truth, BTC is better for the long term than short-term investing. Top altcoins are also great and l prefer investing either BTC or top altcoins, that is why l think top altcoins have more potential than other cryptocurrencies. As you mentioned l know also people who have gained a lot of profit from altcoins, however, BTC is the best choice for me. BTC is the most reliable cryptocurrency and people rely on BTC instead of investing in other currencies. If you think still that BTC is good for the short term, l advise checking one-time investing in BTC for the long term. You will see the result, best luck.

That’s fine to take profit now and wait for the price to go down again, by this you can be a good trader.
If you’re planning to trade, setup your sell price and cut loss price to prevent yourself from missing opportunities. That’s normal to doubt when to sell but if you do have strategies, then you should commit on that. If I’m in your position, I’ll sell and take that good profit.

If OP sell some today does that mean he could buy back some soon?

I wonder if Ethereum will have a small dip or something in able to buy back after selling today OP would definitely gain some profit but it would take some time to buy back the dip IMO.

I think what you mean is OP need to diversify his money to Bitcoin and Ethereum at the same time. Welp, if OP have some more money then he might do that or he could just split his investment in Ethereum to Bitcoin if he's going to sell some but it isn't the right time yet to sell. I hope OP gets our point.

If you think that you want to book your profit you have to take the decision because a third party cannot guarantee you a solid return and the delay in implemented the upgrade and the higher transaction fees are not a good sign for the ETH market and there are other platforms trying to take advantage of the situation and luring developers to their chain.

Yeah, as the second cryptocurrency that has a bright future after Bitcoin, Ethereum is increasingly being reckoned with in the crypto market. Especially after Ethereum 2.0 was launched, It will be very easy for Ethereum to hit the $3000 mark by 2021.

Ethereum is dipping this day although it's a small dip but when op was selling some ethereum yesterday and he may able to get a small profit from ethereum too. This profit will depend on how much ethereum that already sold by OP.

He wants also to diversity his portfolios into the another small-cap coins like top 100 CMC maybe

There are way too many whales in ETH because anyone who is willing to spend 40+ dollars on just transaction fee is a whale in my mind, I do not get anyone who is not a whale but willing to still spend that much money on just tx fee that means they are doing something wrong. So, either they are whales or they are making a mistake because it is way too much to spend that kind of money.

I have seen projects literally ask for tx fee for their airdrops as well, obviously it is a scam method but airdrops became harder to do for places because we are talking about hundreds of thousands of dollars just to give people free tokens as well. I think it is clear that we should be moving away from ethereum and towards BSC because they are reaching to levels ETH never reached, we are talking about tx numbers 50% of eth but prices of 99% cheaper than ETH at the same time.

its simple, sell your ethereum now because you already got a good profit and buy bitcoin, if you only believe in bitcoin for long term investments buddy

In my opinion, everyone should decide for themselves what to do with their money, but if I had already invested money in Bitcoin, I would rather invest some money in something else and it would almost certainly be Ethereum. I think that Ethereum still has a very large growth potential and diversification of investments is always safer.
Whether it is a sufficient profit or not, it is an individual matter for each investor.

the growth potential certainly exists for ethereum. it's also because there is an update 2.0 currently running and it's still in the process for quite a while.
but you mean short-term or long-term growth? for the short term, I think it is enough if it is profitable and it is better to get out of the market immediately.
because for now, many investors are quite satisfied with the benefits obtained from ethereum. and I believe at the moment they are waiting for a correction before 2.0 is finished.

obviously what you are saying is very true, that ethereum has enormous growth potential is very true and undeniable. After bitcoin is clear ethereum is a coin choice that has the potential to be a very profitable investment. This does not mean that other altcoins are not that good, there are also many potential, because the development of altcoins is currently very advanced. some even say that this year is altcoin year.

ethereum currently still has problems that are also being discussed among crypto users because gas costs are very expensive and there has not been any change to date, ethereum is very likely to be disturbed if it does not want to improve itself, because it could be that other coins trying to replace it even though it may not be easy because ethereum is still reliable.

The anticipated update helps everything around this project, just keep doing your own

research before dealing with your decisions.


If you are aiming for sure profits, then selling your assets from the time you are satisfied with your gains is better.


They are all waiting for another corrections to make sure to avail those

cheap coins and store it before another pumped happened..

But with Ethereum current fees, I think his profit will just go to the gas, LOL.

For me just wait it out, let's see if Ethereum can hit another all time high in the next couple of months or days and then sell and go back to Bitcoin. Chances are, Ethereum might see a new all time high, probably $2,200 or something because we are still in the bullish phase, just saying.

Most of the people who are not used to trading bitcoin will panic when they see a correction. that's the reason many prefer lower-value altcoins.
bigger profits might be obtained in bitcoin but when a correction occurs the big losses are there too.
to be honest I prefer to store ETH than BTC. it's not because of its value. but my ability to analyze the ETH market is better than BTC.

almost 300 euro profit is not a small gain , So forget asking about your small profit here .
You had answered your queries , it is clearly that you are a Bitcoin long term investors but wanna do some trading outside of Bitcoin is what you have now is a perfect chance for you to have income.

then buy another altcoin that has potential in increasing sooner.

I would recommend that you take profits with Ethereum or, for example, get your investments back and invest your profits back in ETH. I believe that you need to adhere to the basic rules of investing and always try to return your investment as soon as possible, or if you want to get the maximum profit, then you need to take risks and keep the Ethereum you bought for as long as possible in order to extract the maximum profit, but this is already a risk and this must be taken into account.

selling at a small profit is not a problem, because we don't have to sell at a big profit. to me a small profit from a sustainable origin seems good rather than having to be long term but a big risk, so I think it is okay and don't be afraid of small profits, wait for the candle to dim and buy when the price is low then sell at the high price.

Before you sell it, First you have to make a target in how much price that wanna earn your profit, for example you bought it in £1070,
just make a target, if you don't have goal, then you will never can sell it, at the end of the day, you won't gain any profit at all.
just to make sure you wanna make short or long-term investment.

in fact, it has happened. The adoption of the binance chain has indeed increased. for new projects, also for old projects that are migrating the chain.
regrettable, however, the current situation is detrimental to ethereum. but I believe in the future we will benefit greatly from the ethereum update. after everything is done and the problem of this transaction cost is resolved. there will be something happening in the market.

That's right, buddy, the disappointment with the high prices made by the eth platform is very annoying and has been going on for a long time. So clearly this will leave many looking for alternatives to reduce these high costs. it is not impossible for other platforms to try to bridge the anxiety of high costs, by maneuvering to be usable as well. the opportunity exists because many are trying to find alternatives.

But the information I have heard is that there will soon be an overhaul of the eth platform for high costs as soon as possible and is expected to be July. we just wait, hopefully there is still patience from those who use it.

Actually back to ourselves as investors, if you really plan on short-term investments, can sell Ethereum that you have even though the profit is small.
But if from the start you wanted a long-term investment, don't sell the Ethereum you have, wait until the sell target that you specify is reached.
In my analysis Ethereum is more suitable for long-term investment, just like Bitcoin. Actually the increase in Ethereum price is not as significant
as some of the other altcoins. Therefore, my advice if you want a short-term investment is much more effective at investing in BNB or ADA.

Choosing long term with ethereum is also a good alternative while btc was still at stable price right now. But you're choice is somehow difficult if your don't have any other profit source or a job that will be used for your daily spending. I suggest that, when holding eth coins or any tokens associated with erc20, always secure a stable funds in order to sustain with cryptocurrency investments.

How much are you expecting profit? 2 folds/ or maybe 3? because for me practically , i will sell right away having that amount mate because that is more than 25% income already and a sure money.
Well your thoughts must change to specific percentage per trade and don't look as if Bitcoin is like Altcoin because they are much different .

Yes, that will be a solution for you if you want to wait for the next high price. By selling at a small amount, you still hold the biggest amount and ready to sell when the price increases. If you can get a small profit and repeat the process, your small profit will become bigger. That is why we don't need just to hold and sell, but we can buy low and sell high to profit. That will be another solution for you to profit while the price does not increase so high.

small profit is better if run gradually. So I think right now you don't have to get big profits, if you can get small profits, I think this can be one of the ways to keep profits running at any time. so don't hesitate with small profit, keep doing your best

Investment in bitcoin and ethereum is mostly one and the same. Ethereum is a altcoin, but it's not a same as like other altcoin. It had a unique features then other altcoin. The price of Ethereum itself say you the value over other altcoin. If you are not dependent of the invested money, don't withdrew that money. Just hold the ethereum till the next all time high. You will get huge portion of profit then in bitcoin.