In reply to ow arm: It depends...
The static elongation of 8mm ropes is pretty large but it also varies considerably between individual ropes.
For example, if your rope is a Beal Iceline (probably the stretchiest rope ever made) and the anchors are far back then it certainly wouldn't be great. However if your rope has lower stretch, the anchors are close or you can use double strands than you probably won't have too much of an issue.
FWIW Mammut 10.5mm semi-static will only stretch around 2.8% under bodyweight but an Iceline 8.1mm dynamic will stretch 11.5% - FOUR times as much!