I am worried as I sell my gift cards and mobile recharges for the bitcoin value as hence if it decreases, I'll bear the loss. I'm not that worried but I wanted it to be above $300 atleast. The decreasing value isn't a good sign.
You can insure the current value of your BTC!
There are a couple of Bitcoin Options exchanges - options allow you to hedge against a fall (or rise) in price. Basically you buy a contract (cost around 1% of what your "insuring") called a "Put" that allows you to sell your BTC for $300. If BTC/USD goes down then the value of your contract goes up, allowing you to sell it and offset the BTC/USD fall.
I think there's a real need for a user-friendly BTC insurance experience, and - to be honest - Bitcoin Options aren't it. Over time I believe they'll develop, and new businesses will develop around them, but for the time being this may be your best option for insurance.
Anyway - if my explanation or the words "options" and "exchanges" don't put you off
- here's a couple of links:
- https://quedex.net is new, and not trading yet, but worth keeping an eye on.
- https://coinut.com has been trading for a while now. Their website is a bit primary-coloured and "Bootstrappy" but seems very functional. This link is referer-free; there's a full-fat link in my sig if you'd like to show me some love!
PS. "Options" can be terrifying, and people will caution you not to trade options. This is good advice (unless you know exactly what you're doing: don't trade options). Buying an option, as outlined above, however - now that's using options as they were intended, and the risks and rewards are clearly defined: the risk is that BTC/USD remains static or rises - if that happens you'll lose the money you spent on insurance. Exactly like the insurance premiums you pay for home insurance, or car insurance. (The "reward", of course, applies when BTC/USD falls - your "reward" then offsets that loss).