I don't get the recent FUD. I mean that literally, not as in "spam" as it has also come to mean.

Monero just put out a major release, there's a new android wallet with more on the way, m/n multisig is in the works, hardware wallets are in the works, Kovri is in the works, it keeps getting added to exhchanges, hash rate is increasing, redditt subscribers are increasing, more people are realizing that BTC isn't private and they're seeing the need for privacy...I'm sure I missed other metrics and events.

China has made news plenty of times before. The news is almost always worse than what actually plays out. And many other coins are simply overvalued so they need to come down. Most of them don't do anything or add value that isn't present in other coins, and/or their tech is terrible. I don't put BTC or XMR in that group. I still see them as undervalued, especially XMR.

But if the price goes down, thoughts on where the bottom might be would be nice so we can grab more before it goes back up.