Without a clear usage or utility bitcoin will be dumping prices lower than of what was an all time high. It will never be reached again not unless somebody will be holding a very large volume of cryptocurrency to manipulate the price. If you have read some of the latest news about price manipulation then maybe you will understand why people are moaning about bitcoin prices goin low. Those who are holding large volume are selling it when they think they can earn profit. This result in a volatility we experienced today. So if bitcoin will be used by many price manipulation cannot create a big impact on the price.
I agree. Also, I think the price of Bitcoin is always in check because it somehow is the main controller for how the market moves. When the market is up, you can see that Bitcoin value is always up, while when the market is down, Bitcoin price is also down, and the scary part about it is that it's not only the market that gets affected, but also, all other coins. That's why people are so pro-active in checking on the price and also the movements that Bitcoin shows.