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The founding cryptocurrency bitcoin continues with its price fall since hitting an all-time high in 2021. With a current trading price of $19500, the coin could still go lower as the bear market persists. Hence, would you buy bitcoin at $15000?
Bitcoin came into the limelight in 2009 as the first cryptocurrency to join the market. Initially, it attracted very little attention with most investors not fully understanding this emergence of a new type of financial asset.
However, this perception has changed today with Bitcoin becoming not only the most famous cryptocurrency but also the market leader.
Bitcoin Price Volatility
The current market fall in price is a clear indicator that volatility levels remain high. Bitcoin has experienced such falls in the past resulting in a loss in value of up to 80%. However, in all these falls, the market always comes back stronger.
Most analysts and past performance indicate the coin could fall further and probably hit $15,000. A level that was last experienced in November 2020.
However, volatility is always a big winner for investors who understand the market. This is because it allows you to buy low and ride on the trend.
In the crypto market, these trends could result in profits of up to hundreds of percentage gains. A fact that continues to attract millions of investors into this market.
However much some investors and analysts claim that bitcoin is past its peak, some disagree because this market is still young.
Hence, there is a big room that remains before achieving maturity. Therefore, there are still returns to be made in the long term when you invest in the coin.
The continuation of the bear market could see the coin getting to the lows of $15000 and possibly lower. However, will you buy it at this price?
Bitcoin did hit an all-time high of $64,000 in November 2021. If the coin rises to this level, it could result in over 400% gain.
The key question though is, are you willing to take the risk and would you buy bitcoin a $15000?