The market will be volatile until BTC has high volume options/futures trading. It's important to remember that fiat ForEx traders account for >98% of foreign currency trades on exchanges. A very small fraction is actually exchange of fiat currencies for commerce.  So, until BTC has a proper volume of options/futures trading, we are looking at a volatile road ahead. Best set yourself up for long-term holding or get out altogether--unless you're a zeitgeist scripter, then you're gonna lose your ass day trading BTC.

best,

happy BTC-ing