You did a panic buying and got the coin at an ATH. Even if you sell them off now you are likely going to incur over $30 lose per coin. Such is life. You may even burn yourself again if you buy into Bitcoin now as this isn't the right time to buy. Wait till after the correction and the FUD branded around as a result of the Chinese regulation on cryptocurrency.

You may have got away with it but that doesn't mean it was a wise decision buying into market fluctuations. It's the easiest way to lose one's coins. Look out for trend and buy into dip. That's what I do and it is safer that way for me. Recently the price of Bitcoin has been on the bullish with corrections here and there on false bear runs. So, I will advise anyone to look out for these false bear runs as the right time to get into trade and buy into them. Bitcoin price will continue to surge no matter what.

OP you may want to look into the bitconnect coin lending programme if what you seek is a residual income through daily interest. Of course there are other packages where one can earn from that site like Stacking, Mining and Trading but I can only recommend the one I am on which is lending. The least package is an equivalent of $100 in Bitcoin  which is even less than one bitconnect coin. It runs like a fixed deposit kind of thing.

No! Don't buy yet. This isn't the right time. Bitcoin is set to plunge further till it visits the $2300 - $2500 region again. And we know the altcoins normally follow whatever direction the Bitcoin goes. Wait.

I don't even do ICOs like I don't do cloud mining. I believe one can easily get scammed through them. Wasn't beaming searchlight on the ICOs that started all this China brouhaha?

This is absolutely the point: Pressure! But the dev of Bitminer never planned disclosing where that pressure came from. Otherwise why would anyone close a trusted and profitable business venture over an inconsequential excuse as "no longer believe in the privacy of Bitcoin" when that was actually one of the things that gave Bitcoin its fame?

That most of the miners are based in China because of cheap labour and constant electricity supply does not mean that China holds the highest number of Bitcoin. This is the point where I disagree with posters who believed that. Has anyone thought that the Chinese miners could be mining and selling off immediately instead of keeping the coins? This is highly possible. So, if they sold off, they don't hold it then. Again, I believe why the news from China shook the crypto world is because China is a world leading economy. Any news on the economy from that country should understandably affect the rest of the world.

There is even news making the rounds that exchange executives in China would not be allowed to leave the country. Such a draconic approach if you asked me. However, whether the exchanges and their executives are banned or not is immaterial now as Bitcoin is showing to the world that no one person or country can control it. Bitcoin goes on without China.

Since you have an idea what your hourly charge in your local currency is, get a Bitcoin calculator and do your calculation there. Many local currencies of the world are displayed on it and you can get the calculator fom the Google playstore if you use an Android phone.

It is too late now! If China had done what she is doing now 5-8 years ago with all her dramas with Bitcoin it might have had a tremendous negative effect . That would've been the era before the entire world opened up to the Bitcoin phenomenon. Now the fire has caught on and it is very unlikely that any one country can kill Bitcoin.

At $300 per an Ether and $3,000 a Bitcoin would've given you 10 Ether and just one Bitcoin. But I wouldn't touch the 10 Ether with a long pole if I were you. An investment in btc is better than that in ethereum. Bitcoin price can rebound easily and when this happens, it spells profit. This can see you netting more gains than you would even with the 10 Ether.

You may want to try Binance. The exchange is quite good though with fewer coins listed as it is a new exchange. Its fee is just 0.1 percent and I think this is the lowest on any exchange. Poloniex is equally good.

I seek to know how one can preserve the value of an already acquired Bitcoin knowing it is going to crash. Of course it won't be exchanging it for altcoins since altcoins seem to plunge or rise at the same time BTC does? Any ideas?

You may want to check out Changelly. There's a column for accepting bank cards, although I haven't used that credit card facility. I only exchange one crypto for another there. Just check it up. It won't hurt.

I guess the question in the OP is a fallout of the "China" drama around the Bitcoin. Of course the turn out of recent events has shown that BTC is far bigger than a single China or any other country. Its decentralized nature makes it hard for a single country or government to control. Having taken the hit, BTC is back waxing stronger and to a bull run after all that plunge.

This exodus to nearby territories is quite expected in a precarious situation as this and understandably it is welcomed too. Hong-Kong and Taiwan shouldn't be affected as they are sovereign nations out of China's grip. This "China" happening to bitcoin will soon fade and we shall realize that the drama was actually unnecessary in the first place. Who knows, this may lead to an uprising in China. It's time this bullying communist China realized that she could not hold the people down any longer.

I worry stiffly that the era of backlog of transactions and high fees are not yet over as it looms that the Chinese government may also ban mining in that country. China is known to have the highest number of miners because of its cheap labour and electricity. If this happens that means shortage of miners would be the outcome. Shortage of miners would mean more demand. And we all know that demand sets the price of any transaction. It isn't yet Uhuru (Freedom).

Shitcoin like dogecoin, right?

OP, the best strategy to adopt when purchased coins begin to go down in price is WAIT. Don't let your emotions get the better of you by selling off in panic.

Of a truth I really don't know what the Chinese government will stand to gain in all this attempt to strangulate the bitcoin apart from egocentric display if power, perhaps against its citizens. I have allowed my mind to wander if the Chinese are not daring the global economy with this action...It started with regulating ICOs to banning it, then banning bitcoin and now, mining? This isn't something the Chinese should be proud of.

As someone who has tasted both sides of the divide I will conveniently tell you that crypto trading is a more relaxed engagement than forex trading. Whenever crypto traders express anxiety around me about trades gone wrong I look at them in bewilderment. They should try forex and know what anxiety is all about. In crypto trading one doesn't get to lose all funds except the coin(s) is delisted. In forex, accounts do turn red and close. Margin calls are a constant reminder of why one should be mindful of lot size. Also, forex is a two way traffic. One makes money buying a currency pair and also selling that. But with cryptos, one only makes money buying and not selling. You buy dip, then wait for its rise to sell off. In all fairness, FX has more liquidity  come to stay while crypto is still finding its footing.