Ethereum is in an artificial bubble

[European Central Bank]

Ethereum is not in a bubble, unfortunately at the present moment it has even more utility than BTC. But I believe Vitalik is getting to complacent and will screw it eventually.

the fact that in many minds it's dependent on the actions of one person kinda destroys the whole thing for me.

[CraigWrightBTC]

Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.

Well i think i agree with your opinions, but mostly users has business with ethereum is just for trading altcoins
ethereum is good altcoins to makes money with it, i don't care about smart contract i don't related with it,
ethereum is just makes bitcoins on it and about the newbies get trap in ethereum, that is just part of risk investing in ethereum.

[buwaytress]

Just to clarify... what's the point of contention between an artificial bubble and a genuine bubble? The term bubble itself seems to me to be pretty negative in the sense of quantifying value. The entire crypto world is arguably in a bubble, no?