With the recent price jump, is now a bad time to buy?

[aBitNew]

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.

[lihuajkl]

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.

[Amph]

not, if you are aiming at 1k usd to sell or higher, it's up to you and your target, there are no bad time to buy unless we are at a very high value, and we can clearly see that the price will not increase farther

not certainly a thing that will happen  right now

[Mickeyb]

Nobody can answer this question. We can only look at the circumstances in the whole Bitcoin ecosystem and right now theses circumstances are more than positive and the price is reflecting this very well.

It seems that this trend will continue in the future so my guess is that it's still a very good time to buy!

[franky1]

no one can tell you what to do, but only suggest safer ways to decide

for instance
if you have $5k.. how about invest $2.5k.. if it rises great you profit. if it drops a bit.. woo hoo cheap coins to buy with the remaining $2.5k
(50% long 50% short)

[harizen]

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.

[helloeverybody]

The price might not come down any further than what its at now.  Or maybe it will drop in an hour.  

[WhatTheGox]

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.

Well you have to look at it this way.... how much cheaper will you get in? if you pause to wait for cheaper you could end up seeing a $600 price pretty soon. Its hard to miss out on bottom but we've all been there.

[goose20]

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 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.

[1Referee]

If you believe in the long term value of Bitcoin, then you can buy right now without problems. If you are just interested in making a quick buck within a very short time, then I wouldn't buy right now. Most people will advice you to buy and hold for the long term as they believe in Bitcoin, but no one can see what exactly will happen in the short time.

[erikalui]

Bitcoin is an investment and like gold and property prices rise and fall, the bitcoin prices also fluctuate and when people are OK to take a risk, I don't find it wrong to advise a person to invest in bitcoins. The price of BTC was $1300 and now it's $420-$430 which is still low and hence it is the right time to buy coins and save it.

[V.Lace]

Prices will rise within the few weeks, better to buy before you lose out.

[Velkro]

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.

Noone knows if this is right time to buy or not. Price can go up from 400$ now to 800$ tommorow or opposite to 200$.
I would recommend long term investment. Even if it will go down tommorow after couple years you will be rich.
I will soon invest again in bitcoin, after i sold before.

[avw1982]

Bitcoin is an investment and like gold and property prices rise and fall, the bitcoin prices also fluctuate and when people are OK to take a risk, I don't find it wrong to advise a person to invest in bitcoins. The price of BTC was $1300 and now it's $420-$430 which is still low and hence it is the right time to buy coins and save it.

I would agree with you and as you said Investing in a bitcoin will not waste at current situation and ever. From few weeks onwards Price is moving high day by day consistently. So No need to worry in investing fiat into BTC. I am sure he can invest in bitcoin

[Meuh6879]

buy regulary ... like 500 per week.
prevent from volatily and dumb decision.

bitcoin price is ... unclear to buy (sell is easy, after a pump).

[davinchi]

Bitcoin is an investment and like gold and property prices rise and fall, the bitcoin prices also fluctuate and when people are OK to take a risk, I don't find it wrong to advise a person to invest in bitcoins. The price of BTC was $1300 and now it's $420-$430 which is still low and hence it is the right time to buy coins and save it.

I would agree with you and as you said Investing in a bitcoin will not waste at current situation and ever. From few weeks onwards Price is moving high day by day consistently. So No need to worry in investing fiat into BTC. I am sure he can invest in bitcoin

Yes, it is not too late to buy bitcoins. Because you may miss the current prices of $410 levels when bitcoin testing the $500 levels by end of this month. Like many people here I too believe bitcoin will hit $1200 levels. So, buying now must be a wise idea.

[mexicantarget]

It's never "a bad time" to buy if you believe in bitcoin. We're currently in a bullish phase, which means that we'll be only going up. People had the chance to accumulate for more than 2 years. Now, depending on how much patience you have, if you bought now, you'd get back x3 in about a year from now.

[coinplus]

Bitcoin is an investment and like gold and property prices rise and fall, the bitcoin prices also fluctuate and when people are OK to take a risk, I don't find it wrong to advise a person to invest in bitcoins. The price of BTC was $1300 and now it's $420-$430 which is still low and hence it is the right time to buy coins and save it.

I would agree with you and as you said Investing in a bitcoin will not waste at current situation and ever. From few weeks onwards Price is moving high day by day consistently. So No need to worry in investing fiat into BTC. I am sure he can invest in bitcoin

Yes, it is not too late to buy bitcoins. Because you may miss the current prices of $410 levels when bitcoin testing the $500 levels by end of this month. Like many people here I too believe bitcoin will hit $1200 levels. So, buying now must be a wise idea.

Buying bitcoin would be always a great thing, and never let you to face loses if you will be ready to wait for some time.
Yes, each and every investors of bitcoin will be into profit side once bitcoin prices crossing $1200 levels.

[HarryKPeters]

If you want to buy for speculation, then yes it's quite risky. If you buy bitcoins so spend it, it is never a bad time to buy.
Just buy and spend them, without losing any value.

[kyrios_]

I think it depends on the time grame you are looking at. Long term investment, these small price corrections would be of less importance