Bitcoin prices fluctuating wildly is not good for Bitcoin. Hopefully this will put off the speculators who have been making that happen.
Agree with the OP.
You have it totally backwards...speculator and daytraders NEED wildly fluctuating prices to exploit and make money. They have been buying at the lows and selling at the highs for the past few days. They want and need that to continue. When the price stabilizes, is when they make leave, but only temporarily.