This is ridiculous lately, the volatility just shows how far away we are from any type of mainstream adoption, trust or legitimacy.
Imagine if you bought in at 500 thinking 'this is it'.
It's just a good thing many of us have been around long enough to shrug our shoulders & wait for the next crazy price swing. The events of the last week or two will do nothing to encourage 'average joe' to invest in bitcoin though.
Shit, I'm still waiting for a legitimate LARGE online retailer to be able to seamlessly spend BTC on things. The last major retailer adoption announcement was Expedia, all the way back in mid 2014. That was a fk'ing lifetime ago. IT'S BEEN 18 MONTHS PEOPLE. Where are the Amazons, the Targets, the BestBuys, the Walmarts, the Walgreens, the PayPals? (and no, Overstock and Rakuten don't really count to me).
Hell if PayPal and Starbucks would just seamlessly integrate BTC as a payment option, and I mean *native* integration, the whole fk'ing Bitcoin world would be happier than a pig in shit.
But no, oh no, all major retailer adoption announcements HAD to cease in 2014. This pisses me off.