One government is not likely to succeed in shutting down Bitcoin, even if that government is China. This drop in prices is bound to be temporary and Bitcoin will certainly recover.
If I had the funds, I'd probably buy steem. I'm wondering if now is a good time to convert my SBD to Steem and power up. While SBD is significantly below the $1 peg, percentage wise, the SBD I have can buy me more Steem than it could when SBD was $1 and steem was $1.5. As in the long term, I just want more Steem Power.
I bought Steem with my SBD today.
Just initiated the transaction myself too :)