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.
You are the one who can answer this but I might give you one of the helpful hint.
You know why the price pumps today? It's because of massive pump (buy) by the bulls. It means at this rate many stil buying coins that's why we are here now at this rate. But at the same some are dumping that's why as of I posting this only playing @ less range. I will assume 50/50 from bears and bulls. Now if you are really aren't sure you can set your own target based on some speculations with fine basis.
Also if you buy today current then suddenly price down. No worries. Just hold and hold. Im pretty sure we will back here many times if the price will fall.