But we also have various big companies announcing their support for Bitcoin in one way or another, mostly by revealing that they’ve introduced Bitcoin support in their payment systems. When these companies now include names like Microsoft, it’s only a matter of time before Bitcoin becomes truly mainstream and universally accepted.
Until then, the smartest move would be to watch the market’s developments and carefully analyze one’s own investments before making any serious decisions. It’s probably a good idea to continue trading with Bitcoin in small volumes right now, but any more major trades should be considered much more cautiously.
If the current predictions are true though, it shouldn’t take more than a few weeks to start seeing major shifts in the market for Bitcoin, and at that point the situation should become a bit more clear. If we see that the downward trend continues at an even more rapid pace, we would also probably see traders selling their reserves soon after that.