No matter how severe current sell-off looks, the entire crypto market is still up by huge margins. We shouldn't forget that in January of this year we were still hovering at 3 figure levels, and now suddenly people are going through a panic rush, just chillax. If this means that the Chinese market will withdraw itself from the crypto space, then there is nothing that we can do -- let the market reach whatever bottom from where can focus on going up again. People act like this is the end of the world, but it's just China that we're talking about -- crypto doesn't rely on anything country related, and definitely not China.
True, but what if other country follows the same thing? It is going to be disastrous. Think how low the price could go through and the recovering phase would take ages.
But look at the bright side, no more Chinese investors dictating the price