So here's the deal. China has banned Bitcoin before, yes, the crypto itself. This isn't a ban of crypto, just the exchanges themselves. They never existed early on, they have evolved to facilitate easier trade. Merchants in China can still accept crypto.
This is like the 5/6 "bubble" that has happened. What this represents is a buying opportunity. It's the discount rack where what you are buying will come into style in the future. This isn't new.
I have said it before and I'll say it again, if you aren't willing to risk it all, don't invest in this market.
LiteCoin is up STILL over 1500%, so this isn't something to be worried about. Sure I didn't venture beyond BTC and mostly ETH before, but that doesn't mean I am bailing now.
Go Cats.