Facebook and Instagram bans Cryptocurrencies ads. I think they are nothing to cryptocurrencies. Facebook users are not great market. It is only few percent of ICO market. I think cryptocurrencies will not die because of them.
Well, I do agree, but it is also somewhat sad, as most of people have facebook account, even not all people is a potential market.
As the effect for crypto community, I totally agree it will not affecting that much as the community have lots of media to discuss and promoting the ICO.
These days, people also not really passive to find some information, and ICO has their own magnet to people's curiosity.