Bitcoin Apocalypse or Kneejerk Reaction to FUD?

The latest headlines coming out of Asia are causing a crash in cryptocurrency prices, but they shouldn't. China has already banned Bitcoin trading on exchanges in the past so there is nothing new there. Bitcoin is a decentralized currency and can be traded peer to peer. If the Chinese people really want to trade in Bitcoin they can still do so and I am sure they will.

The Western nations will eventually pass regulation regarding Cryptocurrencies, its inevitable, but that will not signal an end. People will just adapt and work within the framework of regulation. The underlying technology of Bitcoin and blockchain in general is still the future, nothing has changed in that regard.

So I ask you, is this an apocalypse or an opportunity to buy in on the cheap? Let me know what you think in the comments below.