if people aren't spending bitcoins - that's what i see/read around here; everybody is waiting for the price to sky rocket - this means we are creating our own bubble and we will 'die' in it! We only buy bitcoins, so the price at this moment is above, super above of what a bitcoin really value.
Until the market starts to flow naturally - peoples actually using bitcoin in their purchases - we don't know the real price of it! actually, the current price is OVERRATED for sure, because people only BUYS it!!!!!