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.
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.