It’s back up to $200 already. It would have been very smart and timely to buy more BTC last night when it was $110 in my opinion. You have to be ready for volatility in Bitcoins though, and to potentially lose everything. I purchased a Bitcoin last night at $240, just glad I didn’t purchase more before this drop.
You should go through the trouble to put money in a BTC exchange, and then convert that into BTC whenever you went. If you wait for the price to drop to start the process, it will be frustrating and futile because everything takes too long.
@Brendan if you had invested say $1,000 in BTC one week ago at $120 and you exchanged them for dollars now at $197 you would get your original $1k back plus an additional $640, gaining roughly 60% on your investment in 7 days time