The title says it all. China is at it again, banning things it doesn't like or understand. Well, to that I say: Good riddance to bad rubbish!
2017 was plagued with FUD from China, which kept crashing the crypto market. It got real old, real quick. So, while the markets will suffer in the short term, this can only be a good thing in the long run. With the erratic Chinese government out of the market, they can no longer influence prices, and the determined Chinese citizens who appreciate the good crypto can do will simply find ways around the ban.
Now might be a good time to pick up some discounted coins. Everything is on sale.
You can read about the ban here: https://cointelegraph.com/news/ban-complete-china-blocks-foreign-crypto-exchanges-to-counter-financial-risks
(image from CCN)