Dont be panic. Calm down. That was only a matter of time, that the Chinese are going to regulate the market. They want to get a piece of the cake, they want to get more tax. There will be an agree between the government and all the ico's in the future.
Altcoins will do further down because of all the panic sell. So time to buy in the future with low prices.
yes there is no need to panic soo much.China will definately lift the ban.Is not over for ICO's in China.
Neo will rise up.
In the future, only high quality ICO will be allowed there. So it is positive eventually for the cryptocurrency as a whole.