Timing the bottom
If you read my article Capitalizing on FUD, I'm investing 50% of my dry powder in Bitcoin right now I mentioned I felt it was a good time to buy cryptos on September 15th 2017 as I thought the market had bottomed out. In fact, it had.
Here were the coins I recommended and the profit I recommended you should take versus today's profit.
Low risk, low return, target profit 60%
Bitcoin
$3163 USD -> $8167 USD (158% profit)
Medium risk, medium return, target 100% profit
Litecoin
40 USD -> 71 USD (77% actual profit)
OmiseGO
7.64 -> 7.84 (2.6% actual profit)
Ethereum
200 USD -> 366 USD (83% profit)
High Risk, high return, target profit 150%
Neo
15.23 USD -> 35.25 USD (131% profit)
Populous
3.02 USD -> 9.74 USD (223% profit)
So what's the verdict?
If you actually listened to me (thought I'm guessing that millions of people didn't, in fact, perhaps nobody at all ;) I would strongly advise you to take profits right now.
If you were to put $1000 USD into each one of these crypto you would have had an outlay of $6000 and your total investment would now be worth $12746. That's a profit of 112% in 2 months, not bad eh? More importantly, none of the coins I recommended actually went down in value.
I don't have strong conviction on the market right now, it's a bit toppy but with banking events unfolding in Italy, there could be more upside in the short time.
It might be prudent to take profits now and wait for the next pull back. You can probably get these kind of gains again in the short future.
Please remember that this is not financial or trading advice. Trading and investing can cause significant financial losses