BITCOIN IS TOO VOLATILE

This is normal during the price discovery phase of a new monetary asset. There is no other way for growth to happen when it is organic and emergent (as opposed to top down and centrally controlled).

In addition, at this stage of human existence, with exponential shifts happening in all spheres, it makes sense that something as rEVOLutionary as bitcoin will have wild swings.

While those of us deep down the rabbit hole see it as the future, currently only a small percent of the global population holds bitcoin at this time. This makes it vulnerable to immense volatility.

As it matures, and adoption increases, the volatility will decrease, and eventually it will stabilize and become a unit of account.

I'm sure that in 20 years there will either be very large transaction volume or no volume.

~ Satoshi Nakamoto 2010-02-14