Panic buy now. Last time to buy ETH below 13$. Countdown to lift off. 2 bil market cap in next month. 0.2 BTC per ETH it's the real value.
ETH was not actually ever designed to be a store of value, they even say so in the whitepaper.
This is an obvious pump by some mega whales, and a lot of people are going to get burned.
It is such a classic bubble.
What is value of cryptocoins? IMO we're going to new definition. This and next years value of cryptocurrency will be amount of services hosted on it. Internet of things is the near future. Microsoft investing a lot of $ in ethereum and they knowing what they doing. ETH isnt't another litecoin, dogecon... It's new technology like web 2.0.
In terms of the technology I agree.
In terms of the price I don't believe it can stay at these levels sustainably. It is a classic bubble, it will pop, and I believe it will stabilize again around 0.01 BTC. Of course I could be wrong.
There are already threads on the ETH forums where people are saying it is now too expensive to develop the dapps they were planning on the ETH network due to the current price.
Yes, you could be right. But if you correctly predicted BTC price will be stabilized at $2xx in 2013, you would miss a big opportunity to double or triple your wealth. That said, you will have less chance to lose half of your wealth. So, who knows.