You don't have to worry, wondering if the media will glorify the Bitcoin sell off, of course they will. And you can bet that James Dimon thinks his magic word "Fraud" sparked it all. For his next act, Dimon might even say that he thinks the murder rate in Chicago will go up because the political system there is a fraud.
In actuality, the market was spooked by the ambiguous nature of the China exchanges closures.
Take a look at the global trading volume in China, as reported by Coindesk.com(https://www.coindesk.com/china-shmyna-bitcoin-trading-way-distributed-now-anyway/) it's almost insignificant considering the population is over a Billion:
That's right, China accounts for about 10% of the average volume over the past 6 months.
Now might be a good time to buy 1 Bitcoin, and wait 5 years. If you can't afford that, dollar cost average, and buy$300/month for the next year.
If you are new to Bitcoin, and believe in the system, you don't need to be trading, watching, or worrying about daily price. Just buy one, and forget about it.
See you in 5 years.