Ethereum

[estheblessed]

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.

[tbct_mt2]

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.

[mk4]

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.

[Luzin]

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.

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.

[nioctib.co]

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.

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.

[zanezane]

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.

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.

[dihari]

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.

[Strongkored]

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.

[boyptc]

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?

Anytime.

Sell and wait again for a dip and buy.

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

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

[Reid]

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.

[estheblessed]

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

[joniboini]

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).

[Review Master]

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.

[traderethereum]

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.

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.

[longyenthanh]

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.

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.

[Pom_bensin]

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 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

[JeffBrad12]

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.

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.

[susuberuang]

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,

[republicrypto]

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.

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

[blockman]

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

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.

In my opinion, Etherem is the best investment right now,

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