Unbelievable, 4 years ago 1 bitcoin costed 4.5$ and there were only less than 10 million of them mined. Now 1 ETH costs 4.33$ and there are 76 million of these, like 8x more. If there were 10 million ETH it would cost already ~30$ in bitcoin terms 5 years ago. Which, ironically, was a year (2011) when bitcoin crashed from 30$ to 2$. Expect ether to crash 15x from its current price. Or perhaps remember auroracoin, costing 90$ per AUR and is now 0.03$.
I can't understand why people don't see that there is nothing special in ETH. Just duplicate its code base and you have your own ETH in case the original ETH is too expensive to fuel your software. Free market will make it unsustainable for the ether to maintain high prices because the only utility of ETH is to serve the purpose of a fuel in the automated contracts environment. When we take ETH as a store of value it immediately becomes as worthless as the 99% of altcoins because it does not have the first mover advantage BTC has.
I don't know much about the technical aspect so please forgive me, but I think the potential in ETH is that the platform actually establish as a new way for everything so it's all connected. That way ETH will be needed and used (not like Bitcoin which doesn't have much use really, that's only what we Bitcoiners say but no common person need it for anything in real life and most likely never will).
So in that way, if banks, companies, services providers are all start to develop dapps fueled by ETH, then that figure is rather small. But I agree it's all up in the air of course...it sounds like skynet.
