Currently there's no real economy built around Bitcoin. Bitcoin value is purely based on speculation and it has become a ponzi scheme. New investors pay the profits of miners and early adopters. If new investors stopped investing in Bitcoin the price in $ would drop like a stone. "Worth" of all existing Bitcoins got up to $200M before this price drop occured.
Now ask yourself how can Bitcoins be worth $200M when there's maybe couple a million $ worth of stuff that you can actually buy using Bitcoin? Why do people invest in Bitcoin? To actually use them or to get rich quick?
$10 Bitcoin is still a massive bubble, it should crash to around $1 or less to be on solid ground. This would drive most of the speculators out and stabilize the currency a bit.
Maybe Phoenix would rise from the ashes.
If BTC price goes down to $1 there will be nobody left to mine at current difficulty levels.
Since difficulty takes 2016 blocks to adjust and mining would consume more electricity than there is reward to be gained, the network would become unsecured fast.