Oh wait, I wish I own some of this coin it is up 300 to 400 percent this year.
its up more like 1000% this year. and 30-40x for presale buyers (not sure exact price at presale)
i'm interested in owning some for the long term, but it seems foolish to buy right now. OP is right about what he stated. the only dapps i was interested in checking out have been under construction for a year or more with seemingly no progress. the few that seemed to be complete looked like webpages from the 90s. ethereum has some slick marketing too (names like homestead and serenity instead of just ethereum 1.0, 2.0, etc). but i've seen this play out before with other alt coins. its parabolic up right now. is ethereum basically bitcoin+sidechains? also seems like the same pumpers are at it again "you're still an early adopter!" when price is up 10x in 2 months.. my rational side says while another FOMO push upwards is possible, but we will likely see a correction (and i would miss the top anyway). my emotional side says BUY! which i also ignored on many other alts (and would have got me burned)
on the other hand there are some significant differences here:
- most previous altcoins bubbles (like litecoin going to 1B market cap) were fueled by bitcoin price increase
- ethereum on google trends is still very low even in comparison to bitcoin's 2011 bubble. (there is a strong correlation between price and google trends volume)
- other alts were basically bitcoin clones. while ethereum is still similar to bitcoin in some ways (blockchain, decentralized, has mining), it has some big differences (but not being a programmer, i am not completely sure how much these differences actually mean; and the people telling you ethereum is the best thing since sliced bread are obviously biased)
- chinese exchanges not in on it yet, but then again the main reason china got in before was cuz ASIC production and hence most mining farms were in china. theres nothing to stop someone in china from buying on poloniex
cliffs: i'm torn. probably waiting on sidelines for the hype to die down