I think regardless of which way it goes, it should also be something to ask yourself about the technology behind it.
Which often people forget about, and that its a huge change in the financial game. Its going to be used for something, the direction of bitcoin is been deciding from day to day use, commodity, or other acceptable ventures.
We simply don't know whether it really will be used for something. Right now it is being used for some online transactions, gambling, and for speculating, and investing. There's nothing wrong with an "investing/speculating" asset, but it's not a given that it will be ever be anything more than that.