I do not know what to think about it. Yes, bitcoin has a lot of volatility but it looks it has over years have had the volatility more downwards than upwards.
Bitcoin is illiquid at these prices so probably it means it will dive again. I hope the bitcoiners start to realize the probability to reach 1000 usd/btc any time soon (if ever) has declined radically. The block size issue will not help, especially if the community will be divided into two camps by the fork. Increasing Monero holdings/starting to convert bitcoins into Monero is becoming more and more vital these days before anything bigger happens which cannot be fixed anymore.
Maybe this is what monero needs even more than bitcoin doing just fine and reaching new highs. Even though I don't like what's happening to Bitcoin at the moment, maybe this is the incentive people needed to look more into bitcoin alternatives. This could help with increasing monero's popularity in general.
Pretty sure the cats still in the bag on this one.
We really need a solid real USD market before the years out. I'm sure not just talking about releasing a website .. It takes months to establish liquidity and eliminate security bugs.
The cryptocurrency cats are out of the bag, people just need incentives to pick the right one.
You are right, we need a direct EUR/USD -> XMR market. How will we be able to grow above / challenge bitcoin, if bitcoin is the vehicle we use to buy our moneroj?