If Bitcoin really reaches $8000 then people's confidence in crypto currency will decrease a lot. Many people have already lost faith in Bitcoin because of some coin scams. Crypto market is a very risky investment area so before investing in it you must have a detailed understanding of the risks. If not, you may face a big loss.
I don't know why people have so little faith in bitcoin when it drops to $8,000 so I think it's a good opportunity to buy as much bitcoin as possible, I'm also not sure they don't trust bitcoin so much but they will wait for better prices to start investing, but if our souls attached to bitcoin as low as any we have to believe that it's a good profit to buy cheap bitcoin.
That risk must be faced and in this situation we will feel the impact but believe me with patience holding bitcoin we will definitely benefit later.