Eth bubble is about to pop pull put while you can. I just sold all my ether for btc and bought 500 LTC which is a far more stable and safe coin to store value in. Think about it what has ether done to deserve $14 value??
Is it used as a currency - NO
Is it widely used for smartcontracts - NOT AT THIS STAGE
Does it have solid design - NOPE ITS FULL OF BUGS
The only thing holding the price up at the moment is hype, once that dies down ether is going down to $1-$2 range.
all true.
think of ETH as bobsurplus like scam coins pump but in a big way, tens of thousands of bitcoins involved in this scam useless crap pump.
got the btc to pump it then selling little by little then pump it again, keep repeat and every dumb morons would join in this useless crap. at the end greedy morons would buy into it.
this is represent in the graph, pump then selling little by little then pump again, keep repeat like a steps.
we all know this crap is useless at this point, not plug and play and hard to use. average joe can't use the crap at this moment.