I suppose if you treat Bitcoin as a mere asset, it's easy to think of it as some kind of tradeable commodity, rather than disruptive technology. Bitcoin the disruptive technology is much more than bitcoins, the commodity though.

If Bitcoin were an enterprise, its IPO would still be years away. Of course the charts look ugly compared established commodities like metals, agricultural products or foreign currencies, or publicly traded shares of the kind of established businesses whose shares are already traded on exchanges. The wild "bubble"-like price fluctuations are typical of new enterprises still in the domain of angels and VCs. By the time most new endeavors reach the point of public offerings, the bumps have been smoothed out.

Or a low volume dump. Of course you'll get a pullback after a big price rise, every time. There's overarching supply to be worked out of the market because of profit taking. Once it's all absorbed, whoosh back up we go. Look at the volume compared to similar moves to the left and it will give you an idea of how much gasoline is behind it.

Look at all these shorters losing their shirts talking about MtGox coins LOL.  If MtGox coins are auctioned off, it would be 56 million at current price to many different bidders, not one party.  Sounds higher than your paycheck, but BitFury alone is building a 100 million dollar mining facility right now, so not exactly a big deal.  That and you have billions in VC investment in 2015 alone:

http://insidebitcoins.com/news/bitcoin-venture-capital-funding-pace-1-billion-2015/30665

It's clear that the price per coin is highly lagged behind everything else going on, and these entities can all easily pump it higher, they're just waiting till they accumulate most of them first (i.e. after the 25coin halving since 70% are already mined).

I am hodling right now and I can say that I'm not even sweating much here unlike others who are hesitant to enter the market. Hodl what you think you can hodl and what you can in your heart!