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The short term impacts are already apparent. Massive panic selling is being seen in China. Bitcoin has come down to $3300 odd, where it was about to touch $5K, just a few weeks ago. For the long term investors, it seems to be a great time to get in and but that lucrative coin you always wanted, but thought the price was too high.
I would suggest to keep calm and use the opportunity, while the prices are that low, as once things settle down, this thing is going to shoot up into the sky.
Cheers..!!