Let me just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.
Tell me what I don't know about Bitcoin @OP, because everything you have said is exactly the things we have seen in Bitcoin, you are correct these are the attributes of Bitcoin and I was expecting a speech that tells us how Bitcoin has remained your choice even though of its volatility nature at the end paragraph of this thread. However, you have made a pretty good observation and research on the history of Bitcoin as a newbie.
For someone who was once a newbie, I totally understand the excitement of learning new things about Bitcoin and running to the forum to share them without considering the fact that what you just learnt is already known by over 90% of members here. The OP obviously didn't know about these things but maybe later got to know them and instead of telling us why Bitcoin still remain his choice, he/she decided to tell us about the basic introduction of Bitcoin.
I commend his courage to put up something like this but OP, of you're seeing this, I'll strongly advise that you use the search button to search for topics you intend to create here so you don't repeat already discussed topics.