I mean cloud mining is a scam but there must be something else we can actually do right?
You many choices to invest your bitcoin here, there is trading platform where you can choose to buy any coins that you think are potential to buy in then trade it. Or you can also try to buy some in the ico were you can find it in the signature campaign. But never, ever invest in any form of cloud mining sites.
Cloud mining sites nowadays will take you no where as lots of people have got scammed by those sites in recent past so now no one will prefer to invest their money in those sites so the right way would be to invest them in good altcoins or simply keep them safe in wallet and wait for the price rise.
Storing bitcoin can't be considered as investment. Its value will rise but the number of bitcoin you have will not increase at all. Investment is like putting your money on a business where you will earn some percentage of it in an alloted time. All investments have risks but it is up to you if you are willing to take that risk. If your too scared to lose your bitcoin then its much better to just store it and wait for it to convert at a higher price.
Storing bitcoins is also one type of investment for me as whenever you invest your money somewhere you hope to make some profits from it and bitcoins is allowing us to do so as I bought when the price of bitcoin was $220 in the year 2015 and I didn't do anything with and saved them in cold storage and sold when it touched the price of $1200 so it gave me best returns on the money that I invested in bitcoins.
Most people will store bitcoin until the price of bitcoin increase, even people scared about other forms of bitcoin investment because daily we are encountering many bitcoin investment scams around us. So it is good option to store bitcoin and wait patiently until the price of bitcoin increases.
If you don't find any legit place to invest then why you don't try to invest them in different altcoins on trading sites as it will give you good profits and it holds less risk in compare to investing in any online hyips or cloud mining sites.