You guys realise it's price is still way above the wildest predictions at the end of last year, right? The "one million" prediction was in a context of "five or ten years" and you act like it should've reached that by now and if not - it "failed". To me it looks more like you are angry that you missed the boat, while considering yourself "knowledgeable" at the same time.
A price of this kind of wealth unit at 1000bucks would still be incredible, given the origin of it, so calm down, it's here to stay, whether you want it or not. And part of it's value is pure speculations, but part is from a real world usage, and that part is pretty solid, in my opinion. I'd prefer it to reach a "real" value and stay at it, increasing/decreasing according to that, for me personally it would be a lot better option, as I don't care much about "gains", I care about usability a lot more.