Not really. Bitcoin's value has gone up by thousands of percent the past few years. That's volatility. Volatility isn't just up and down. It can be just up. N

Not really. Bitcoin's value has gone up by thousands of percent the past few years. That's volatility. Volatility isn't just up and down. It can be just up. Now generally I'd agree you don't want massive volatility, but that's a function of its age. A market of 50 thousand users is easy to manipulate by one rich guy. A market by of 1m users is still easy but harder. A large 100m user market is really hard to manipulate. This means volatility should keep dropping as bitcoin grows. Second, a market where most users are speculators is more volatile than one where most are users. As bitcoin becomes larger it'll only do so on the back of genuine consumer adoption. That, too, causes volatility to drop. Does practice confirm the theory? Yes. Every single year bitcoin volatility has dropped since inception. It's always trending down. All the talk about volatility isn't so interesting to me as it's a function of its youth.