First of all you have to fight that there are
1. Investors of ETH who want to see an insane ROI.
2. ETH is driven by already rich and powerful Devs who pay a big team to hype ETH.
3. There are some assets who rely on ETH and also win with ETH -> they also promote ETH.
Conclude: It is not easy to get valid information about ETH. It is shining because powerful people want it so shine. Morever these trolls FUD facts away, users and other alts + BTC.
Just consider this:
ETH is not decentralized.
https://bitcoinmagazine.com/articles/op-ed-why-ethereums-hard-fork-will-cause-problems-coming-year/Due to this fact with your asset in ETH it can happen anything you don't even expect now.
ETH was and is not planned as a currency.
ETH was premined.
ETH has an infinity amount of supply.
The Companies who are working now with ETH in the enterprise alliance are not working with the public chain now or in the future. (Watch the EA Video which was more than 10 hours long) But it is a good technical transfer for the companies to get and share the know how they made in that alliance.
As soon as they will have a use case scenario they will just create an own chain for free.
It is easy to change the code in the way you receive 1 Billion ETH per block. So they are not dependend on any factor they have no control about it (Price, Vitalik, Maniupulation) -and morover Bugs.
Beside these facts, my oppionion due to some facts.
The price at the markets don't reflect the real value. Imagine you produce 100 coins of something called ETH.
Each coin is devisible. You keep 70 of the coins for you, give 20 to someone else and 10 you share with a lot of people.
So now only 10% are traded and you put a lot of hype into it. So one coin is now worth 100 Dollar. The market cap is now counted like:
100 (
not 10) * 100 = 10.000$
In fact, even if only 1 coin would be traded and it worth 100, the market cap would be still: 10.000$
Doesn't even consider again the unlimited supply.
So if people try to convince you with market cap. they just try to find a greater fool
http://www.investopedia.com/terms/g/greaterfooltheory.aspThe circulation of ETH is low considered the amount of supply available. The Volume is high but still low compared to BTC and the supply available 16:91 Million.
BTC is really already in a lot of hands. The manipulation in matter of huge dumps by few handy is by far not as possible as it can happen with ETH.
ETH has a great idea and tech. But these things mentioned are not making me to invest money to just hold. Its nothing to store value.
For me its still a super nice PnD coin to make money with.
I am already out since 65$ (started late at 20) and since I made more than 100 BTC I cannot complain and say ETH is worthless or so
So just think for yourself otherwise you'll always lose money. I am a trader and win with every coin if I invested smart. So I actually like every coin somehow. I trade every coin with good volume, but I only store my savings in BTC and Dollar and yes, a few in Monero (5%)
p.s. and if someone tells you BTC will weaken under rising alts, they just lie. Imagine you sell tomorrow a new product. Everyone wants it. You can buy it only buy it with BTC. Then people will change their fiat to BTC to buy your product. That does mean that someone just has more BTC it doesn't mean that this money is going back into fiat. It could be stored, it could be used as investment or traded for other alts.
So no matter what, BTC mostly always has positive side effects. Enjoy trading. Most of us, who started early with trading and are still here already made their millions. Coins are just numbers for us. Trade 1k BTC here and there. At some point you are no longer interested in that hype fud talking by little fishes. You learn how to use up and down. Just enjpy to be part of something that makes you rich at some point.
