This is exactly why those of us with bearish sentiments have been bearish.  Bitcoin is STILL not ready for prime time - yes it's come a long way since the 2011 novelty bubble, but the bullish sentiment that pervades this forum is WAY overexcited about several relatively minor web companies (Wordpress, Namecheap etc) accepting btc.  TBH there still isn't really that much you can do with btc that is actually EASIER than using fiat currency.  Yes, I know there are some specialized uses (SR and transfer of money across international borders with little to no fees) but otherwise btc is still a geek-niche.  Longterm, I expect btc or some other cryptocurrency with surpass fiat, but people were getting much much too excited IMHO.

Proper value is likely around $15-20USD currently, after an initial correction down to $8.50 or so.  Trust me, I've read the tea leaves and consulted the appropriate astrological charts or something...  ;-)