Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
In fact, fiat money is also an object of speculation, especially in countries with struggling economy that are unable to stabilize their currency.
When war started in my country 4 years ago our currency lost more than 300% of its value.
I can only guess the scale of manipulations that took place when this process started.
What I mean is that cryptocurrencies are still young and are prone to all the "growing pains" of a relatively new technology.