Nowadays I consider BTC as a pure speculating coin. Because the volatility turns this cripto not suited for being used on daily needs. I think, as investors, we don't have to defend things that our emotions want, but take best decisions on every scenario. All in all, Keep buying it.
This has already been discussed so many times already and while it's true that bitcoin has a high volatility it can still be used for making payments for purchases.
The price of bitcoin is high and it has a good potential to keep rising which is why many people hold it as a store of value.
Bitcoin solves multiple problems and so people see it from a different perspective and you can use it however you want.