[drcross]

As the pool of liquidity increases the price volatility decreases. When you compare the early charts to now there are smaller RELATIVE price swings.

[danbruc]

But that is a chicken egg problem - with large price fluctuations no mass adoption, without mass adoption large price fluctuations. And except in comparison to the very early days (2011 and before) the price fluctuations did not get smaller over time.