Cryptocurrency - "Regulate to Mediate, Try not to hate, Love your mate"

All the recent news of the Dow and cryptocurrency crash has revealed a lot about human behavior in general.

People, who are not experts, like to talk shit about things they know nothing about.
People's confirmation bias, even if not backed by facts, reinforces their beliefs.
People are afraid of change and innovation because it threatens their self interests.
People have an "I told you so mentality" to make them self feel good and make others think they are right, which really accomplishes nothing.
People don't really care about the technology, they care about the money, pure human instinct.
People are easily fooled by fast money and scared by fake news without DYOR.

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If you are an angry noob and got wiped in your first cryptocurrency investment, if that is what you want to call it, it is understandable. You got in high, now you think of selling low. The cryptocurrency market is not so much about fast money after all. I always warn people, this is about long term technology development that oversees digital transformation in the crypto-economy, what will replace the old institutions we have now. If you're in this in the belief that you get 100x gains overnight, don't buy into the hype. Yes, that did happen to some people. However, they were in this from the beginning and their patience has paid them off real well. They stuck with BTC even before it reached a $1. The "weak hands" are constantly pulling out "dumb money". They got in because of FOMO, now they got out due to FUD. They never understood what the hell a blockchain is or how cryptocurrency is valued. A noob who has no idea how money markets work is the weakest hand, easily influenced by the fear mongering banks and economists like to stir. Another thing is people should stop making predictions since there is nothing accurate about them. Technical analysis is just comparing levels from the past and extrapolating into the future, though it is always uncertain. A better way to analyze the market is following the news.

NOW THE GOOD NEWS

The USA CFTC and SEC are taking a "Do No Harm" approach to cryptocurrency. THERE WILL BE NO BAN, the government has realized they cannot fully control it, so THEY WILL REGULATE it with proper sound policy and regulatory oversight to allow the market to grow with innovation that the technologies will bring. This is a victory for decentralization. The only thing government will need to collect from it are taxes.
The Aussies big banks WILL NOT BAN CRYPTOCURRENCY. They will allow it as a form of payment and trading. Thank you Australia for seeing the true potential.
Singapore WILL NOT BAN CRYPTOCURRENCY. No strong reason to ban it, as the PM even stressed it is not necessary.
Switzerland WILL NOT BAN CRYPTOCURRENCY. Switzerland is becoming a crypto haven as well. There is potential for exchanges to relocate there, as some miners have already been doing. The Swiss actually encourage it.
South Korea, Japan and India WILL NOT BAN CRYPTOCURRENCY. Their concern were scams and lack of regulatory measures, which they now plan to implement to protect people's money. Hacking issues have been causing fear lately, so cybersecurity is going to be at the forefront for standards in cryptocurrency exchanges in the coming future.
China HAS NOT ENDED BITCOIN MINING, but they have issued a ban of trading and exchanges. The GFW of China has now blocked websites and traffic to exchanges, though they are realizing the Internet is not really something you can block. Another victory for decentralization. Evidence is clear based on the hashrate that mining has continued to increase with major contribution coming from ... China. Don't believe me, then check blockchain.info. The main hash pools 42.9% are coming from Antpool and btc.com which are mostly based in ... China.
Venezuela and Russia are going to issue a government backed cryptocurrency, which not everyone is happy about. Some see it as a way to go around sanctions to generate funds, so some countries are not too favorable on this.

ENGINEERING PERSPECTIVE

The LightningNetwork has increased to > 500 nodes. This is a proposed scaling solution to BTC using off-chain payment channels that route to funded hubs for P2P transactions and atomic swaps.
Ethereum Casper the major scaling solution proposal is nearing fruition as testing continues. The roadmap is meeting it's goal of implementing the "sharding" to modify the parts of the ETH transaction blocks.
PlayKey is delivering the power of powerful gaming systems from the cloud to the home, using a token system. This gaming platform will allow anyone with the right specs to stream games anytime.

LAST THOUGHTS

We are seeing resistance against new ideas playing here and patience is the key to moving forward.

Disclaimer: All opinions are the author's own and do not reflect anyone else's views. This is not financial advice. Do your own research when making investment decisions.

Definition of Terms:

Noob - Newbie or Newcomer to Cryptocurrency
FOMO - Fear Of Missing Out
DYOR - Do Your Own Research
FUD - Fear Uncertainty Doubt