Bitcoin is disinflationary not deflationary. A Subtle distinction, but an important one that reveals why we have seen capitulation during the last year despite it being a fantastic year by any other metric. We currently have ~10% inflation where almost 3600BTC have to be purchased daily to maintain price parity.
It won't stabilize anytime soon, expect massive volatility during the next 5 years, with another appreciating bubble within late 2015 till late 2016 at the latest.(If we don't see any adoption bubbles before than. ) This is because Inflation will drop to 5% in mid 2016.
Bitcoin may eventually become as stable as USD/Euro in 20 or more years with a large enough market cap.