Bitcoin, the famous crypto-currency, nearly fell 20% off of its price over the weekend, marking its lowest level this year.

The virtual currency's price has been on a constant slide since it hit its peak last year.

Bitcoin's price hit a high US$1,242 per coin on Nov. 2, 2013, according to Forbes. But, just this May, the price fell more than half to below US$500.

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According to Coindesk, a website dedicated to Bitcoin and other digital currency information and news, the price of Bitcoin fell to as low as US$286 on Oct. 5.

While others are worried about an impending Bitcoin crash, some say Bitcoin's price isn't relevant to the virtual currency's potential and value. Bitcoin just needs to find a commonplace and regular use to help advance it to the mainstream and maintain or balance its price.

"For anyone complaining about the current price of Bitcoin, remember it has more than doubled over the last 12 months," said Bitcoin investor and enthusiast Roger Ver.

One possible reason for the price drop is likely future regulations by governments. Just this July, the state of New York proposed regulations for all the Bitcoin companies.

The Department of Financial Services initiated a public comment for the proposal that will end October 21.

Another reason for the drop could be the upsurge in the number of businesses and merchants that now accept Bitcoin as payment.

Famous companies like Amazon, Target, and even Paypal, now accept Bitcoin for transactions. They use Coinbase, a payment processor, which converts Bitcoin to U.S. dollars.

This means there will be more Bitcoins in circulation, and could aid in the fall in price.

The current price of Bitcoin can be found at BitcoinAverage.

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