Maybe it won't go back down to 8, but I do consider it very likely it'll drop back down to at least 12-15. Humans simply don't work in a way that allows something to nearly triple (in value, land, whatever) overnight and stay there.
I bought at 8, I bought below 8, I bought above 8... but there's no way in hell I'm buying above ~20 for the next 2-3 years.