Would you say that Bitcoin has shed it's speculator skin and emerged as a true currency, after this correction? I think with most of the speculators left the Bitcoin scene in the last year or so and Bitcoin has truly transformed into a community of people who are more interested in the technology and using the technology as a currency.
nope, definitely not. this is just one phase in the market cycle. it's either a bearish consolidation before the final crash like late 2014, or it's the start of a long term lull like 2015.
bitcoin's price can't stabilize until its user base and demand become relatively stable. this could occur after mass adoption. once the supply is highly distributed and used across society and the world, there will no longer be exponentially increasing demand to drive the bubble cycles. and it's the bubble cycles that cause the 90% crashes in value. price stability could also occur near $0, if adoption dries up and people stop using bitcoin.
either way, bitcoin's expected outcomes are very binary so it'll continue to be volatile and speculative until the prospect of exponentially increasing demand dies down.