I'm Holding right now some BTC. But there is always this Idea that one day the Bubble will pop. People really should not invest more than they can afford to lose and I got a lot of friends who have no Idea about crypto and which one to invest into, so they just go for penny stocks becuase "they may give higher return" and they bought at a wrong time and right now they have losses. IMO think BTC has a stronger future than 99% of cryptocurrencies.

Long term we will need regulations or people will simply get scammed "bitconnect" and many of them will have doubts in cryptocurrencies and will never invest again. A lot of people loosing lots of money will hurt economy long term.
No matter how hard you'd like it to be unregulated or whatever. There should be certain rules, otherwise people will continue to get scammed.