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Re:Bitcoin Price Tops $1,000 in First Day of 2017 Trading by rebuilder on Sunday January 01, 2017 @05:10PM (#13297670)
That's true, but it's also the only thing you can expect if Bitcoin succeeds. Eventually the volatility should subside somewhat, as the market grows. It already has, although obviously it's still a roller coaster ride. How much volatility an uncontrolled currency exhibits should be interesting to see if Bitcoin sticks around for good.
Re:Bitcoin Price Tops $1,000 in First Day of 2017 Trading by hendzen on Sunday January 01, 2017 @05:40PM (#13297808)
Why exactly will the volatility ever subside?

Currencies that are considered stable are not magically so - this is the result of a careful balancing act by central banks. Bitcoin doesn't have an equivalent entity managing the rate of increase in the money supply.

Re:Bitcoin Price Tops $1,000 in First Day of 2017 Trading by rebuilder on Sunday January 01, 2017 @05:51PM (#13297880)
I'm not saying it will go away, I'm just saying, as the trading volume and usage of BTC increases, the amount of money it takes to move the market grows higher. This should result in lower volatility than we have now, but how much lower is an open question we'll see answered if Bitcoin keeps growing.
Re:Bitcoin Price Tops $1,000 in First Day of 2017 Trading by johndevor on Sunday January 01, 2017 @11:20PM (#13299014)
For the same reason that the volatility of gold subsided. Bigger pool of water = smaller splash when you throw the rock in.