Sell off Or pullback

Last two days have been rough, with South Korea ministry saying they were going to outlaw cyrptocurrency, and Coinbase increasing the withdraw limit to 100,000. A lot of reasons to be selling, but has anything changed fundamentally? The Finance Ministry has a couple reasons for this, 1 they really think this is a danger to its people, 2 they want to create a buying opportunity for themselves, 3 they are tired of North Korea hacking them, 4 they are scared they are losing control, and 5 they don't understand it. Any of these reasons could be true, but if they ban it there, won't the exchanges just move. That is what happened when the Great Country of China banned it, and they respect all human rights there. Time to move the exchanges, but one thing I don't think people have taken in to consideration, the limits on Coinbase. Right now most exchanges are not accepting new accounts, but have raised the buy and sell limits. Think about it, these products have gone sky high, and they only allowed 10k a week to fiat, people became millionaires, and would take years to get out. Now you opened a bigger door, and I think a lot have been profit taking.