What's the cause behind the current dip? I am puzzled.
Well if you really wanted to know the cause of the flash dip, then you can go around the forum and see it for yourself. Its obvious that we're affected by the schism between Bitcoin Cash by Wu and Roger Ver and then at the opposite site is CSW Bitcoin Cash's SV.
But eventhough we can call Bitcoin as collateral damage in their war, it doesn't mean that the price will continue its downward turn. And it just shows how this market is really volatile and at no point can be stable. If you're nervous about the current situation then I suggest you just get out as early as you can.
I think you're actually implying that virtual currencies have no future as the currency of the future, are you not?
If so, I'd like to know what their purpose is if it's not a way to overthrow the current fiduciary-based financial system...