In retrospect, when I made my entry in late 2014 on the crytocurrency scene, I should have just bought BTC and not screw around with cloud mining and altcoins. (AKA GHASH and XPY. etc etc) Perhaps I'll have an opportunity to do this the right way now that I'm more experienced and wiser. However, we're probably not going to see sub $1000 BTC again. I'll have to pay a premium for my folly.
I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.
I think it's starting to sink in with some people that FrankenSegwit may not come out with sound code; and with it's planned Hardfork, come November, it's just kicking the can down the road a little for another major forking threat.