I'm personally very happy about this turn of events, as it combines:
a buy-in opportunity for many different tokens, simultaneously, across many different types of projects;
help to foster a wave of reconsideration of the practices of upcoming ICOs that is wider felt than just in China, as investors begin to demand certain restraints and ICOs acquiesce to avoid more intrusive options; and
a cull, of sorts, for those idiots with weak constitutions currently playing fast and loose with their money in some of these ICO cashgrabs, who are then looking for the community to bail them out with another "guaranteed winner", a cycle which undeservedly makes crypto look bad as a whole. Their sort will follow the quick money onto some new scam, diverting unwanted regulatory attention away from crypto in general, where it was misplaced in the first place.
Choose projects, not tokens, and diversify your HODLing, and you'll rarely feel too bad on red days like this one.