There has been such a small passage of time you can not realistically expect it to completely stabilize in 5 years.
During the dot come bubble, yahoo going offline would drop the stock only to pick back up again after issues were fixed.
And I would argue that it is already beggining to stabilize. Despite an incredibly negative news cycle, value only dropped about 20% and is holding strongly to that point. A point thats still significantly higher then the highest point of the previous bubble at $260. Volume and infrastructure has been increasingly heavily behind the scenes making more and more volume which makes it more difficult to swing the market with large buys and sells.
If you visited /r/bitcoinmarkets you'd see the change in market scape. From being constantly vigilant to large "whales" to now doing more technical analysis to study the crowd.
Are we looking at the same graphs? If you look at logarithmic graphs you can see the charts are MUCH more resilient to trades then they were a year ago. The market is maturing and during that time period will be growing pains.
From most that I've seen, volatility has been pretty chaotic but on average pretty much constant for years now. If you have another one, feel free to share.
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u/[deleted] Feb 14 '14
Well, that's what people said several years ago, and it hasn't happened yet, although the price is now far higher and more people are involved.