You are the first person I have seen at Steemit who touches on a big downside of the volatility. “Everybody” seems so excited by the almost daily price vaults; but if you were a pension fund manager or a mutual fund custodian with custody of millions of "mom and pop" money, why would this scene be of any interest?

Also, people doing trade settlements using BTC will have to be nimble with options-type hedges in case a big price vault/dip takes place while they are holding a big bunch of the coin. In this setting even a quick 3 to 5 percent unexpected price change can be troubling.

Here's something else that bothers me a lot. I went over to my bitcoin ATM when its near 9K a few days ago, and there was poignant sign saying that the operator could no longer afford to keep the machine running due to the fees and the blockchain congestion. I went home asking myself why this service is more desirable than my bank ATM! It seemed to be "bush league" by comparison (and that was the third time in the last few months the ATM was down while BTC was at a good price).