Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay
They said bans when they feel can not regulate cryptocurrency. They will make more regulations on cryptocurrencies but will not ban it. Cryptocurrency market is a type of market that help governments to have more money from tax.
They will not be able to ban cryptocurrency if they use blockchain technology for governmental operations. In Western nations, governments can not react like dictators as PRC in China. News, FUD, bans, regulations will be changed but cryptocurrency market will be there.
It is cryptocurrency market, not about cryptocurrency. Scam cryptocurrency will die and they self-die from their bad roadmap, developments.