Bitcoin is indeed like gold because I can buy goods with it, ETH is just a lottery ticket and I can only buy other lottery tickets with it and unlike cheaper cryptos ETH lottery numbers are already drawn.

At least this is how I see it now.

I don't think ETH is a scam!

I think people buying ETH are 10% speculators and 90% people like me, without technical background who didn't know in what they were investing.

Probably I would have invested when it was few dollars, but I'm late to the party, it is already raised to the sky and without a real value, even if it will raise more it's just pure speculation and very risky.

I'm not a speculator, I want to invest for at least 5 years so it's not for me.

Thank you all!

Thank you all for replies!

If all big companies are using private implementation of Ethereum Project then ETH currency has no real value, is just a speculation? Can you give me an example of a big company that is using public chain?

If no company is using ETH then is just as safe as the other altcoins.

When I first bought bitcoin i did it blindly without knowing anything about crypto.

Now I wanted to exchange my bitcoin for other token I did some research. I don't want to offend anyone but it seems that all altcoins are just speculation, like ponzi schemes.

It seems that bitcoin is the only one accepted in a huge number of stores.Someone who mined a large number of bitcoins in early days, now he can live like a king without having to sell them for cash,he will never have to pay taxes and nobody will ever know how rich he is.And this makes bitcoin a monster compared to all other cryptos.

Is ETH valuable only because ICOs are using it and they are feeding each other in a big ponzi scheme?

I'm new to crypto and I don't want to offend any devs of product supporters, I'm just trying to understand in what I'm investing.

1. If I own ETH tokens I own shares to Ethereum Project too?

2. Big companies like Microsoft are using Ethereum technology, but are they using ETH currency or are they using their own currency?

3. Are there any stores that accept ETH as payment method?

I'm only registered on Bitstamp and it took more than 2 weeks to verify my account, do those exchanges allow to trade without verification?

Will I'll be able to trade my tokens for BTC and then withdraw without verification? (I do not want to send all my documents to some unknown exchange).

Thank you for reply!

I've bought 1BTC in december 2016, now I read that has some problems and it might collapse.I want to invest in a new project, but i wonder if next day after sale the devs disappear, I will be able to sell my tokens?Or if for some reason I'll need money how I will be able to cashout if they are not listed anywhere?

I'm new to crypto world so I'm sorry if this question sound stupid.

How do you sell those ICO tokens? Except IOTA none of them are listed to any exchange.