Those people that have sold properties, loaned thru any network just to invest on crypto are viewed as fools now. Seems like they didn't think the possibilities of this massive news on regulations & bans. What an "easy goers".
As for the future, IMO it is still visible that crypto won't vanished. I'm positively sure that it doesn't matter how low the price or cap would be, what important is people are still interested on the developments.
Investments wouldn't go away.
And who would want to lose everything? Those people who sold their properties and loaned a huge amount to invest in cryptocurrencies was the most confident people/risk takers. This red days for cryptomarket might be quite disturbing for them but it will all pay off.
That a country ban cryptocurrency shouldn't be your reason to decide if you will be investing in bitcoin or not. And most times I tends to think that China banning cryptos and bitcoin dipping tends to be a coincidence, so its not as if China is our core uphold to bitcoin. If you know the Importance and worth of your coin, you should know that you should be HODLing, not for your immediate gain, but for the future.
Yeah. This has happened already last year. Where many countries have banned and regulated cryptos but still it pass and bitcoin recover even higher that the high record.