Everything depends on the context. When the Bitcoin arrived at $7,000 a few months ago everyone was happy, today the opposite happens, even if it reaches $8,000 or $9,000, the panorama does not change much.

Investing in a currency is like a relationship, everything is based on trust. Building that trust takes time, months and maybe years, but losing it is very easy, a single moment of crisis can damage everything.

My first investment in the BTC was made when it cost $1,000, spent some months where the rise was low and the price fluctuated, but then the madness between November and December last year inflated the prices and with it the prospect, the hopes of people were higher than the market could cover, and the rise was mainly due to speculation, people expected that during 2018 all the cryptos go up even more, and when finally the price collapse, all the trust was lost.

People are regaining their confidence again and little by little, and increases like this help, although as I said, everything depends on the context, if people feel that the market is safe and their increases are real (and not by speculation) then the trust will return, If not, demotivation will continue to spread and the market will continue to be depressed.