Quote from: bandungan on March 17, 2021, 05:05:42 PM

Quote from: estheblessed on March 09, 2021, 12:08:56 AM

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.

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.

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.