Reason behind this dip?

[AweJohn]

''What goes up must come down'' - Natural
If you are holding great coins like Veri and PPT, this bear market does not effect you...
But most of the people here did not even heard  of them yet, but everyone will in a few weeks ( VERI is already big )...
So yeah this is just people taking profits ( wales have this effect ) , like others said !

[killerfrost]

They are all somewhat tied to bitoin, and we are probably gonna be in a bear market for some weeks, could be more..

With bitcoin, we can stay in the market for a long time as well. Look at the market to buy how to have a good investment plan. Currently, many currencies are invasive bitcoin. So when trading exchange must thoroughly investigate the market and how it trading floor?

[PokemonGoArena]

It may be due to segwit2x/UASF thing and may go down to $1000 

[JosNekoKopa]

''What goes up must come down'' - Natural
If you are holding great coins like Veri and PPT, this bear market does not effect you...
But most of the people here did not even heard  of them yet, but everyone will in a few weeks ( VERI is already big )...
So yeah this is just people taking profits ( wales have this effect ) , like others said !

By this analogy we would expect BTC to come back on 1$, which is not possible. They taking profit all the time.

It may be due to segwit2x/UASF thing and may go down to $1000 

Why should this be cause? More likely greed is behind all of this.
SegWith is solution for problems and will not be activated till November, all this panic is more due to fork which are normal thing in Crypto, and very rarely influencing market this way.