What happens if BTC's price falls to $8,000?
Doesn't this mean the bearish era has come?
But I personally don't think that the Bitcoin price low will be $8k. I think the price will still stay above $10k. But if whatever happens in the bearish era later, be prepared. And maybe it is the right time to buy Bitcoin and use it for HOLDING. Wouldn't this be profits when holding Bitcoin and selling it when it is in the next bullish era?
Majority have the similar thinking that the price won't fall as low as $8k. However we can't get into a conclusion, because the market is completely different from the stocks and commodities market. If the market is taking the cyclic move then there is chances of an bearish era. It is good to be prepared to face the worst case scenario, only then it is possible to withstand the moment without experiencing a massive loss.