Following Bitcoin is probably as volatile as its price. The news surrounding the digital currency changes by the minute. Bitcoin is history — and economics — playing out in front of our eyes. I doubt anybody will truly understand Bitcoin until it's seen in a rear view mirror.
And if you don't have any idea what Bitcoin is and where it may go at this point in time, I recommend you listen to The Critical Path. Horace Dediu gives some insight — in plain English — about Bitcoin as a potential currency, as a money alternative, as an asset and as a "pipe".
You owe it to yourself to understand what Bitcoin is prior to it taking over the Internet. Check it out.