It is definitely not late. You probably lost all hope since you invested at an inappropriate time but prices are sure to rise with time, in the absence of bad news. For anyone who wants to have an idea how to figure out where the prices will go, you can check this newbie guide I found!

I think that no matter how close minded some goverments are, sooner or later they will have no choice but to adopt cryptos. Some will take the initiative themselves and some will just have to follow for the sake of their financial relationships with other countries.

Long time till we're going to become a cashless society. Lots of people from under developed countries still depend on cash and many are not even familiar of credit cards or electronic payments. We definitely are going there, but at least 50 years from now.

I think that no matter how stable Bitcoin becomes it will never be used as the primary payment method around the world. Other stable currencies or govt backed cryptos will be used for such payments.

Some just mindlessly hold it, others strongly believe in it. Some just refuse to take the loss so they don't sell, hoping it will recover.