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.
There is a very simple answer to your question.
If you think Bitcoin was a good buy at $15 in Jan 2013, after it had doubled/tripled from it's 2012 year long low but was still half of it's previous ATH, then yes now is a good time to buy.
If you think Bitcoin was not a good buy at $15 in Jan 2013 because it had recently tripled in price, then no now is a bad time to buy.