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
It is still doesn't guarantee that cryptocurrency is gonna stay or bitcoin since we know the risk of investment we know that this investment could just fall easily since there are so many aspects that affect it.
Imagine if world war happened this investment could easily go down and easily you lose all of your investment, it doesn't mean that you should not invest at all but that is why you should not invest everything and always take profit when it is possible because being too greedy could lose you money when it comes to crypto.
When your investment is caught by the dump the obvious move was to hold since your not gonna lose as long as you don't sell and the market is gonna recover and if you believe in bitcoin you know how the circulation and correctionn work.