If Bitcoin has done one thing, it's desensitized me to the drama de jour. I listened to a podcast laden with thick concern of the unknown future with regards to scaling. Bitcoin will blow through it like a Terminator rising through the flames and smoke.
People are still investing in Bitcoin because it's a proven portable store of value. China's economy is crumbling under ghost collateral and loan defaults. The US economy is crushed under national debt, deficit spending, insolvent banks, defaulted student loans,a Federal Bank printing money as fast as it can and a stock exchange supported by Central banks trying to prop up their balance sheets. Housing bubbles are popping globally, the Euro is melting faster than the ice caps.
I'm in Bitcoin because I don't want to hold fiat that loses it's value the longer it sits. And I'm not the only person. The world is investing for the same reason. Scaling will matter later, we just need a safe place for our hard earned. The ICO's are like the pyramid scheme running down at the corner bar. They won't last.
The price of bitcoin is still cheap. I invest as much as I can as it has proven to be the best place in spite of the volatility. Bitcoin will continue to grow and nobody's crystal ball can say where it should be. Applying stock trends and behavior might look similar but it's not stock. So I don't limit it's growth based on that. I base it on economic uncertainty in other markets and it's limited supply. Most people can't imagine what it's upside potential is.