If fund flow move out, the value of all cryptocurrency is droped too
I'm disappointed to see proof-of-work issued tokens declining along with ICO issued tokens. But I think this might be a short-term aberration as China has apparently threatened to close all exchanges even for Bitcoin.
But I think it is impossible that China will remove themselves from the cryptocurrency markets. They will shoot themselves and their high tech economy in the foot if they do so. Japan and South Korea have fast growing exchanges. Let China leave and let the door hit them in the ass on the way out. Yet I think China will not. Just rumors that will end up being not true.
But ICO issued tokens are eventually doomed. Not sure how many months or years until they are clearly doomed though.
China just want to make a bluff of it.. I dont think peoples in china will stop buying and selling crypto. Who cares about china. Not like china own this crypto market. With this strong community. i believe with or not china in crypto doesnt make crypto world destroy. For me it just more a rumor then a true fact. who can stop peoples from buying crypto? Just think.