If the volatility doesn't decrease some soon I don't know that I'll feel 'safe' going to bed or even leaving the house while holding any BTCs. Could go to bed with the price at $15 and wake up to $10. Maybe much worse. Seeking $2-5 moves regularly right now in 5-10 minute spans.
This is certainly true. I wouldn't leave my money in BTC for any amount of time if I wasn't actively watching the market, certainly not overnight. Last night it was just under $20 and I assumed things would rebound to around $30. Then I woke up and it was trading at <$15.
I know it's a 'worldwide' currency but with this much volatility a 24/7 market doesn't seem like the best way to go but probably no helping/changing that. Even if it wasn't I guess we'd still have big gaps up and down...pros and cons no matter what.