In 2013 to 2014, Bitcoin crashed from $1000 to $200
From 2016 to March 2018 Bitcoin was:
$1,000 to $20,000
$20,000 to $6,500
$6500 to to $12,000
$12,000 to $7,500

Bitcoin is the most "feared investment" after going up from $1 to $10,000 in 9 years and big names saying bad things for Bitcoin and cryptos
I think it depends on who invests in bitcoin, bitcoin can be an investment in interest because its value can rise high and it can give a profit, bitcoin becomes a feared investment because bitcoin has an unstable price and can create a panic that invests in bitcoin.