Bitcoin is higly volatile - don't doubt it. That doesn't mean it's bad - it's natural. Volatility helps to open a window for new investors to profit in the Bitcoin market, lower rate implies buy, and expect multiples in the future.
Implied volatility - trying to predict the future is complex to do, it depends on options instrisic value, so traders must listen to the market potentials to know how the trend will be. Also, remember that volatility is not an enough reason to abandon your asset, it's considered a mistake.
Without volatility, there isn't any profit to be made, and we can't really know what it will do, hence we shouldn't be considering this to be a one time thing. Volatility is how traders make their money and because of that, we are going to get a lot better results, it is not that complicated. Obviously things will change a lot, and it is not going to be that weird, but because of what we are seeing today, it is not really that shocking since volatility brings us the profit.
If it was stable, like savings account return, then we wouldn't see this many people joining in, since it wouldn't make a lot of money and it would be a small return. Volatility is the reason why it makes it so fun and involves so many people who hope to make a lot more than anywhere else they could make money from.