Hacker News Reader

"settle down and stabilize."

Depends how you look at it. From BTC point of view it is the USD that's highly unstable and dropping in value... It's all relative.

Except we can look at the price of computers, milk, eggs, oil, etc. etc.

ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt

Across all of our goods, the total change (ie: CPI) between January 2013 and Febuary 2013 changed from 230.280USD to 232.166USD. A difference of 0.8%

In the same period, BTC changed from 13.51 to 20.41, a difference of 51.1%

It's common to value a currency against a basket of other currencies; you would still see BTC's volatility be huge.

Because of currency manipulation, some would rather think of bitcoin's value with respect to a basket of commodities instead of currencies.