[yen223]

"Bitcoin is tiny in comparison with a very illiquid (is that a word?) market. "

The idea of Bitcoin being illiquid strikes me as being quite ironic.

[avn2109]

Liquidity != Volatility. There are many cases when it's hard to turn BTC into $US/Danish Pastries/Gold Bars; this makes it illiquid. Try getting your money out of MT Gox.

[yen223]

The irony is that Bitcoin is supposed to be a replacement for cash. Technically, it should be the most liquid thing out there.

[dopamean]

I got what you're saying and I totally agree. I think the problems with liquidity contribute heavily to the volatility as well.