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 go down to $200 dollars, maybe ethereum does have the possiblity to drop even more but for bitcoins , it will just increase its price even more in the future.