A big panic from people 
That may happen to them, especially for small and medium investors who already bought bitcoin at a high price and in the market, there will be a panic sell from them.
But the big investor will be happy to buy bitcoin at that price because the price is lower and they might not see that in the next year.
But after the price reaches the lowest price, sooner or later, the price will bounce and start the rally.
That may happen to them, especially for small and medium investors who already bought bitcoin at a high price and in the market, there will be a panic sell from them.
But the big investor will be happy to buy bitcoin at that price because the price is lower and they might not see that in the next year.
But after the price reaches the lowest price, sooner or later, the price will bounce and start the rally.
Sure, weak hands will surely panic but those who have faith in Bitcoin won't budge. They will see it as an opportunity to bag more BTC. This kind of price decline already happened way back 2018-19 when the price of BTC plummet hard after reaching its ATH on 2017. So I think this kind of event won't shrug off holders that had witnessed the previous price crash of BTC.
It would be a significant opportunity to build back of course,
I agree, it is a great discount if price falls back to $8000 considering the ability of the Bitcoin market to bounce back and recover to breaking series of ATH.
but any more emergencies after that and I'll exit at a poor price.
We can't do anything especially when the fund is badly needed but I think if that (BTC price dive deeper) is the case, we need more trust and faith in Bitcoin and its market.