I dont see that, as long as it fluctuates there will be day traders
The question for quite a while is that the price doesn't "fluctuate", it bumps hard up and down.
Day traders are like parasites, an economic disease. They cause massive deflation while entering and massive inflation while leave. This is actually because their actions have the opposite effect on the thing they're speculate about; while entering they inflate a bubble reducing the usability, and therefore the value of such thing - EVERYTHING in this planet derives its value from the use people found on it, there's no intrinsic value at all -, while leave they promptly cause too much deflation, running like scared cows, and shift the value by offer overflow, whereas at some point the thing they're leaving actually already worth more than what they're getting.
We're standing over a bend point; either some of them notice the shift and reenter, infecting the market for a while more, or they just leave and bitcoin becomes more stable... at least until the next batch of parasites show of.