Mt Gox gets slapped with a law suit by Coinbase, and the value of Bitcoins drops by 50%. The fact that Bitcoin's price (not value, note) is so dependent on one exchange is becoming a real problem, although there are probably some people making a fortune of the vast fluctuations. However, they're gamblers or insider traders. For the rest of us it's a dark art, and it's disturbing.
As I see it, there are two things that need to happen in the near future.
1. An established share trader like etrade.com needs to start offering a Bitcoin exchange. It should be trivial for them to set something like that - Bitcoin is still small potatoes compared to the trade volumes they handle, and their existing software and servers should be easy to convert to offering a Bitcoin exchange service.
2. A large generalised online retailer needs to start accepting them. If PayPal (and hence eBay) really takes them onboard, as was recently reported, or Amazon, or a far eastern retailer like Alibaba, then people can actually start buying stuff with them
At that point I would expect the value of one Bitcoin to steadily rise and rise and rise.
(I sold my Bitcoins at $138 a while back, watched the price rise, panicked and then bought them all back at $132. If only I'd waited one day more, I'd have 50% more. Oh well.)
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