Volatility at this point is only normal seeing as the market cap is still rather small. Big selling and big buying can make a chart jump like a Pogo stick.
The important thing here is to look into the medium-long term. Do you see this becoming a thing ? Do you believe in the principals of steemit ?
As more people invest financially and socially into the platform the volatility will decrease and the upward trend will finish until people reach what they perceive to be the value of Steemit. Not to get over excited or anything. But Reddit is currently worth $8 billion.
Don't invest what you can't lose :)
RE: Arguments for parking your steem where it is and why it is a good long term investment