Although bitcoins is highly volatile we can see that over the last 6 months the trend of bitcoins price is not what investors would like. It seems that bitcoin may in the future become a legitimate currency but with the trend of the price of BTC so far it is more likely to stay that way or dip further yet bitcoin has paved the way for other cryptocurrencies and this could be a major turn point for other applications that cryptocurrencies can offer.
Bitcoins will never drop to $200 dollars, the stable price in the market today is $6k dollars and all we have to do is be more patient to wait for the price to reach $20k dollars again before the year ends.