Yeah, but do you think it will rise to what it once was? $1000 etc?
It all depends. Bitcoin is due to receive government attention this year. If it is banned out right then Bitcoin dies . This will mean the value will drop next to nothing within about 48 hours. This is an unlikely scenario however as this would need to be a simultaneous decision accross western nations. I say it is much more likely to be banned in authoritarian states such as Russia, China etc than in the West. Much on Bitcoins future relies on how the USA and UK governments react to it.
The most likely scenario is that it will be lawful to trade it but will be regulated. The extent of this regulation will influence the price. Naturally the more stringent the regulation the worse it will be for Bitcoin as it makes it more inconvenient to trade.
What to do: Sit tight and read bitcoin news 24/7. The market is volatile and if you have $2000 in your account on standby you can double your money in 48 hours if you buy and sell at the right time.
The value is falling and I would expect it to fall gradually over the next few weeks. The key to the price is the media atm. Reports either negative or positive are having a big impact.
