Bitcoin will be just like Fiat if the market and cryptocurrency is manage by the government, the first thing you'll complain is the tax and hectic KYC procedures, life would be as is it when it happens.

Volatility is what makes the BTC interesting, no one can just decide its course of path but everyone.... Though it won't be stable as the OP wants...

It is not wise to pick which between those two, if you thinks wiser then you have to grab them all, and grab other Altcoins too,.the more merrier.

Be wise with your choice when picking up coins, since scammers are being wise this day too.

Legalizing is not the main issue here, but government regulates anything that everything happen on their territory and one of them is to openly allowed Bitcoin for everyone who want to engage in.

You are right there, scam new, scam news scam news and more scam news, and most of it was shown and seen in the Facebook add so to avoid and lessen scams to elders specially retry folks they've decided to cut some unknown ads.

If mass of the world's population will death with crypto then it's a good news, but to ensure that they won't be scammed 70 percent of them will just used coins that has been good this years, like BTC and ETH, so other token won't have much to say...

Yes it is, Bitcoin has the largest impact of the cryptocurrency prices, it goes well if the BTC is good and bad if the BTC condition is unwell, it's good in the community of crypto because BTC should be and always be the center, it would be more concerning if any ICO will just make their token's price as they like, isn't it?

One more thing why you can chose Bitcoin is the volatility of it, the price drop but when the price go up then everything you have waited for if paid off, this thing is more likely applied to risks takers.

Holding the whole ETH that You have right now is another way of creating a big fortune in the future when everything become green.
Have a look around in  the Market (Altcoin) - announcement and bounty, join ICOs telegram since the best teacher is experience, ask them why you should invest on their project and rate their answers...

The term getting rich is a wide and broad word for me, working, working and working keep your salary sustain your daily need, being here is to add something on your finances and keep saving little by little, but getting rich, you need a big strategy to that but entering lottery is one way of getting rich also, but in crypto you need to devote your self to achieved it.

That is why before you invest you need to have a quick look at their white paper, at least spend 10-25  minutes of reading before putting your money unto a certain ICO and have a little research on the team member.

Everything that misleads will lead to corruption, becoming greedy is one reason of doing so, its not the amount of what have you corrupt or starting to steal, the moment you start things wrong will lead to corruption too, so my answer is yes, corruption happens anywhere sometimes people are not aware but they are doing it.

Altcoin population is growing fast, but more people do monitor ICOs that are potentially belong to a group of scammers, we don't have regulations inside the system but when people do a crime and touches the law government take their action to punish who are caught and proven guilty, and everyone can report anyone who violate laws and engage into money laundering too.

Paper money will still exist even though most of the population will use crypto in their daily transactions since quick buying still practices on-street areas like street food from street vendors, or cart store, and also during internet maintenance, it does happen too so we need a second option to buy our daily needs too.

Most of the hunter wants to spend their earning right away like when you receive your salary at the end of the month to threat themselves and its natural thing to do, so when their coins reach exchanger they sold it right away not knowing that after few weeks the price increases and that is one's regret sometimes, so I was planning to sell the half for my internet and electric bill and the other half for holding, since its a wise choice.

Coindesk Review says that (2016)

1. Ethereum
Price (Beginning of Year): $2.83

2. Ripple
Market Capitalization (End of Year): $231,713,026

3. Litecoin
Price (Beginning of Year): $3.41

4. Monero
Price (Beginning of Year): $0.448294

5. Dash
Price (Beginning of Year): $2.64

These coins are only few Altcoin that survives till now, can just imagine the growth of this coin from their past few years? I was hoping also if all token and coins can grow this much since some really push their limit to have what they have right now.

Maximum permission is allowing Bitcoin to penetrate also your government payment system including contributions and all, you are likely forcing your government to fully accept BTC and the first place, ALLOWING you to enjoy BTC is a big win for everyone, consider also that government has their own reason especially when it comes to security, laws approval and amendments.

I agree with you with the "Market will remain very volatile", correction is a process of correcting something, well expect for more correction oncoming months, because volatility means also it does not end on a certain point so the process will keep on going.

When you buy Bitcoin in any exchange then it is Bitcoin. When Bitcoin is on a digital wallet then it is Bitcoin unlike money that it can be duplicated and confused a lot of people whether it is fake or real, but as of today, we don't find fake BTC that are in circulation right?

Division of money and fund to thousands of ICOs existing in any exchanger and ICOs that are coming and this scam ICOs who make potential investors away or doubt about cryptocurrency.

Centra has amazing feature, just imagine  you can link your bank account directly to your crypto wallet or purchase any crypto currency and it is supported by hundred of banks worldwide. Just imagine you could just transfer from wallet to wallet with such minimal fee., I do refer from money from bank and money from altcoins.