Maybe yes for some people who made the decision to buy Bitcoin when it price was 15k$ then when market fall they got panic and sell all at 8k$, what really happened to this person? He is trapped in the fud of people who don't have tru believes in Bitcoin.
Today, the price has around 6k$, if we want to do something stupid analysis, how much chance that Bitcoin will be going to worthless and fall more dip to 5k/4k/3k$ or more dip rather than Bitcoin will have to recover and bull trend makes it to 10k/15k/20k$ or even more in 1 year or 2 years. Of course the answer is the value of Bitcoin is likely to rise, what we need now is many good news as a trigger for the market to react to the green area, all of us certainly still wait and believe on that.