ICOs banned in China.. Well that's not exactly great news but at least Russia didn't go through with banning cryptocurrency altogether a while back so clearly there is government support even in non western nations. Have faith people. Cryptocurrencies are a fantastic concept and are imo the next big thing in the technology space. They aren't going anywhere. Look at this as a cheaper way to get into the cryptocurrency you want to get into. I believe Bitcoin will at least sink to $4000 and probably to $3500 imo.