You people thinking ETH will bounce back are "cooked" like seriously.. denial much? they fucked up worse then anything i have ever seen in crypto.
the fact you even compare it to BTC's problems in the past is just ridiculous.
like reality check the exchanges are locked up and it has lost already .5 billion... in like 48hrs!
Companies (even multi-nationals and some oligarchies) steal and waste funds all the time. Nation-states also. The goals of decentralizing the behemoths is far more valuable than some experimental losses along the way.
yeah difference is we have many projects who haven't fucked up ready to take their place..eth is not and was never needed it's gimmick shit, and now it's dead, but feel free to throw some more money in the fire..I don't care..