Still, price is insane. Dropping and climbing like that is not healthy.
Is everyone's memory really that short? People said this when it went from ~$1 to ~$0.5 in spring 2011. And again in the summer of 2011. And in 2012. And early 2013. Hell, I was one of the most obnoxious ones saying it. The fact is, volatility like this will be with the bitcoin market for a long time. There's just no way around it. Coins need to get more widely distributed and there need to be more services accepting bitcoin. It's going to take a long time people.
This level of volatility is frustrating. But, it's encouraging that so far the bitcoin ecosystem has been able to bounce back from it. I'd say that's a sign of health. We're growing. It's going to be painful. But more and more it's looking like this whole experiment has what it takes to stick around and be a major system for global commerce.
