A lot of people forget the price went to $2000 to $20,000 in less than a year. So Bitcoin can surely do it again potentially it could go from $7,000 to $70,000. Most people say Bitcoin is dead, those are only considering BTC for a 6 months-term but it doesn't work like this and it's better to go with another altcoin in this case. At the same time, there is the nostalgy of the $20,000 mark mixed with the lack of patience.
That is usually the problem as most of the people who are here now are so focused on the short term that they forget totally the possibilities that the long term brings. We had a huge increase last year, though it may not happen this year but in a way it could still happen whenever it is ready to.
Patience is all that matters anyway and it is understandable that there is usually that feeling that comes with seeing the value of your asset go down terribly, but for those who understood perfectly what you said, it would instead be a good time to keep getting in at those dips while looking at the future