Hmm, it didn't even go below 9500.
the price has dropped to $9320
Fair enough. But its currently $9400 range. 8K could easily happen today.
It is possible that the price drops to $ 8000, but we have to see how the price will behave in September
Bakkt Clients Can Start Warehouse Deposits on Sept. 6
it may be that in September the price rises considerably
That said...I am long term holder. So when it goes down heavy, I look at it as a buying opportunity. I dont trade, because I ALWAYS lose money that way.
advantage of Hold for many years is just sparing people headaches, the problem arises if the person makes the wrong investment, something like buying a shitcoin and holding for 5 years and after 5 years have big losses.