Seriously, if you bought your coins at $500 and kept holding them till now, how much does this volatility matter? Absolutely ZERO. If you just buy Bitcoin to hold as long term investment/store of value, then this volatility shouldn't be a concern to you - volatility only matters to traders. These warnings from financial institutions are only meant to scare people off...
So there are only traders and investors in the bitcoin world? As a currency, where Bitcoin is used to buy goods and services, volatility is obviously bad.