Looks like that brick may be bouncing back up a bit...

In all seriousness, you definitely had some bad luck with timing your BTC purchase, and that's unfortunate.  To mitigate that risk, you could try out some other services that allow you to purchase BTC instantly, so you're not exposed to fluctuations as much.  You may also consider a sports book that maintains your account using BTC, so short-term fluctuations won't hurt as much.

As for cloud mining, as others have stated, it's possibly even riskier than owning your own BTC mining hardware, because you're placing trust in a third party.  So obviously don't invest more than you can afford to lose. Read about others' experiences.  Don't put all of your eggs in one basket.  The up side is services like GAW allow for minimal investments for immediate mining, so you're not gambling thousands on pre-ordering mining hardware like most of the rest of us have done at one point or another.

Good luck!