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.
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 say invest. As with any investing, you need weigh up the risk/benefit potential and determine that compared to your own personal risk tolerance. Bitcoin price is volitile.
If on the otherhand you believe in bitcoin (the protocol) more than just a get rich quick scheme - then any time is a good time to buy. 1BTC will always equal 1BTC.
