As I understand regulation is on the way for crypto. For hardcore "new age" cryptoheads wearing guy hawks masks and browsing dark web with their morning coffee, it's probably not a good news that the guys who faked moon landing and lied us about earth being round get their filthy hands on their precious crypto. For general public interested in crypto I think it's a good news tho.

Mostly because regulating it gives a definite signal that crypto is not a scam or a ponzi scheme with inherent value of 0 USD (as some retard "experts" are trying to convince us when spreading their verbal diarrhea). If it was, they would just ban it instead of regulating it, right? Regulation means gov accepts the fact that crypto is a thing and it's here to stay. Definitely good for long run and mass adoption.

Honestly I feel like I'm just getting my ass handed to me every time I try to make a trade. I usually just hodl, but something I get the idea of making a profitable trade, maybe. So I read from several technical analysis that there's a huge support at 7800 USD. I take a look at Bitfinex and, indeed, there is 1600 BTC buy wall.

1600 BTC... thats like 12 million USD worth. Not peanuts. So I tell my brain - apply yourself! The result - I set a sell order below 7800 USD, to skip the drop that follows if this buy wall is broken, and then pick up some nice cheap BTC later at lower levels. Suddenly this huge buy wall starts diminishing, in like 30 secs it's all gone and my order is triggered. Oh boy, I tell myself, here we go. What's the next stop - 7000? 5000?

Guess what, it goes to like 1770 BTC and bounces right up to 8000USD? Seriously, how does that make any sense at all? People buying below huge support? Why. Can anyone enlighten me. Or is it just darkweb manipulation groups doing their thang?

Let's just face the facts, shall we (even BTC fans/bagholders)

BTC transfers are nerve wreckingly slow.
BTC transfers are disgustingly expensive.
BTC is at the mercy of chinese gigamines.
BTC experiences sudden enormous swings that appear out of the blue.

And every time BTC does "its thang", the altcoins move with it, since BTC is the most widely used base currency at crypto exchanges. This causes unnecessary stress for people who own coins that actually work as a means of payment or have some other intrinsic value.

BTC is a big old lazy animal, its only virtues are being the first and, consecuently, having no 1 market cap now. But that is changing. Just look at the BTC dominance number on Coinmarketcap. Used to be over 60% not too long ago, now it's 34%. And when BTC loses its no 1 status, what follows then? Likely a collapse, that could bring the whole crypto market down. We need to untie well functioning coins from this dinosaur so it wouldn't bring the whole crypto market down when it decides to die.