I'm with you; I was actually disappointed when BTC bottomed out at just below 10K. I had my finger on the buy button @ 8K, and was thinking that maybe it should have dropped to 7k.

This volatility doesn't bother me at all, because it is not indicative of value. These prices are driven by speculation, and not actual value. CryptoC value has remained the same. The question for the long term investor (I'm not a good day trader) needs to ask is whether or not the value is going to increase over the long term, which it is.

Another important question is when (and if) the alt coins are going to break free from "mamma BTC", and hold their own value based on their own merit.