With more users coming into bitcoin these fluctuation should close the gap on how big the price moves in both directions and it is clearly evident if you are in the market for the past few years where the price would rally on a big scale in both directions but things are changing with evolution of the market.
It's not changing all that much. More users doesn't necessarily mean they bring in liquidity, where if we look at the last few years, not much has changed for the better in that aspect.
Exchanges still operate with extremely thin order books, and I don't see it improve without institutions bringing in hundreds of millions in fresh capital. It's professional capital that will eventually lead to stability.
Once institutions are actually entering the market, they will start with squeezing out every satoshi from the average joes, and then completely rule this market with iron fist. It will mimic the stock market.
It's impossible to say before what year it will happen, but make sure you prepare yourself for it. Every matured asset class is taken over by institutions, and Bitcoin won't be an exception. It's too profitable to not take it over.
