Looking at the dump which is going on for last couple of days do you guys think it's the beginning of the end for bitcoin or its just one more dump and pump time for bitcoin which we have witnessed in the past ? Kindly respond with your valuable feedback considering the rise of altcoins and ICO , bitcoin being under the eyes of regulators , some rumours that most of EU will ban bitcoin starting with France.
No its not a dump. Its just a minor correction that we are seeing which I believed you are very familiar with. No need to speculate and listen to FUD'ers. Simply cashing it out or maybe just moving funds around. But I'm sure that they will be back soon to the ecosystem. I think $16K-$17K is fair enough isn't it?
I don't know about the EU rumors though. EU doesn't have a significant effect on bitcoin unlike Asians who are are going crazy on it. Plus EU doesn't like bitcoin anyways, so it wouldn't be a surprise if they decided to ban it.