I don't think I would buy bitcoin if it went way down to $8,000 to be honest but if it stabilizes here and consolidates for a while at around $13k I would certainly be on the ready to buy some more bitcoin.
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That is just human psychology... That way down was just a month ago ;)
People are also diversifying into other coins due to limitations of bitcoin. No many are actually using for real financial transactions. Just pure speculation presently.
Once it gets used instead of fiat currency is when the real fun would start. For that to happen, the markets need to be less volatile.
there is so much more to blockchain then to be used instead of fiat... Just take a look at all ICO ideas from last few months... But you got a point there with needs to be less volatile to be used as a classical way of payment...