I'm wanting to invest around $5k USD in bitcoin, primarily just to get cash out of my bank. I've had a Coinbase account for about a year but only used it for a few small transactions, so I'm not very knowledgeable about it.
With the recent surge in price, do you think now would be a good or bad time to buy? I realize there's no way to know for sure what will happen, but am curious if you think the price is going to drop back down soon or if I should buy in now before it rises more.
No one could give you precise prediction for the price movement. Probably it will continue to rise or drop down instantly. This is drawback of bitcoin, volatile price. I suggest you could buy 1k dollar now. Wait and see what will happen. If it continue rising 10%, you could buy 1k dollar again. If it goes in another direction, you could get a good chance to lower you holding cost. With the recent surge in price, do you think now would be a good or bad time to buy? I realize there's no way to know for sure what will happen, but am curious if you think the price is going to drop back down soon or if I should buy in now before it rises more.
