I think that bitcoin is currency I mean cryptocurrency not only currency what means that bitcoin price is fast changing what is good for investing in bitcoin so I dont think that we can call bitcoin investment when cryptocurrency=investment.
It seems to me that the rapid change in prices can only scare off investors in bitcoin. Such jumps is dangerous. The price may increase and an equally fast fall.
While the volatility on bitcoin price may scare off those investors that prefer to take safe investments for many bitcoin offers the opportunity to earn big in a liquid market that moves extremely fast and give to them the best chances of making money fast.
volatility of bitcoin NEVER scares off any investors. it scares of average Joes who want to buy bitcoin and use it as a currency. the investors know what volatility is and how they can take advantage of it which means the love it and will invest because of this volatility.
but in the end we need stability of price if we are to move forward and see mass adoption.
Everyone wants both stability and price growth. But this is impossible. There will always be a risk. It seems to me that the Crypto currency will never be stable