Even if out from 2008, Bitcoin and cryptocurrencies, in general, are still in a very early adoption stage, just look at the market cap, compared to stocks.
The potential is indescribable. Few people know what cryptocurrencies are, at least here in Canada, and many of the few even think it's a "scam". Obviously, it must be, since it doesn't come from Master Government, and some anonymous guy made it.
This volatility will continue to exist until widespread adoption that will eliminate most of the FUD behind these drops.
Just know your fundamentals, buy the dips, and HODL to the moon!