It's an awesome technology for what it does, and it will probably be more _useful_ than most people realize right now (if we ignore other cryptocurrencies on the market). But that doesn't mean that bitcoins themselves are going to be worth more.
Proof? I use it as a currency all the time. I also use Monero (which btw is specifically designed to be a real currency) yet its price keeps rising. QED. And by the way, these are not dark web purchases. Not that it matters at all.
How do I use it as a currency? Easy. Actually use it. If you worry about price going down, just convert it to USD when you receive it. Think of it as a settlement layer. Because... it is. There. Now you get to try to tell me why what I said is false.
Surely you're not saying that Bitcoin cant be a currency because it hasnt taken over the world yet, therefore it still has relevant volatility.
By the way, exactly 0 of the 5 properties of a currency are "no volatility".
And this is part is funny. Would you care to quantify the bounds of volatility at which a security tranforms into a currency?
Does market manipulation NOT happen in foreign currency exchange?
Do you consider USD Tether a currency?
/me gets lawnchair out
Guess this means no one is able to refute my price vs value claim either.