Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?
Volatility is a bit of both, it's good that the market is volatile because when prices go down suddenly, you can get in at a lower price and because of the volatility, there's a chance it will go up and you making a profit and it's a bad one especially if you're a panic seller because volatility causes unhinged emotions to go off rails and make you decide unreasonable things when you're in the market like panic buying or selling.