I suspect that was true for much of the legitimate BTC that went in.  Who would buy into an IPO, when for the longest time, they admitted Ethereum would also include proof of work?  You like paying for coins that miners, after you, will be getting for free and subsequently dumping for 100% profit?  

Ethereum's smashing huge hit was supposed to be Smart Contracts, but now there's like 4-6 projects doing the same thing, and  the 'Ether language' which strangely I've not heard about in the longest time.. (was it abandoned or did they realize that nobody cares about a new programming language that'ld  probably take 15 years to educate a generation of developers to program in it and to stamp out all the bugs?).