To be honest here, I have no idea how ETH isn't collapsing as people move their ETH to BTC or fiat or gold or whatever. I mean, how come people has still thousands of BTC on the ETH market? I have no idea beyond thinking marketing is a very powerful thing to raise the price of an asset.
I mean fuck, who believes in ETH long term after Vitalik Buterin told exchanges to stop trading to stop panic selling? I think this fact alone makes ETH something you can't trust.
Im waiting for Rootstock to see if it can replace ETH, but for now I would stay cautious with smart contracts stuff.
I completely agree! Eth has proven a. people don't understand the smart contract they're "investing" in and b. Eth is not reliable.
It has also proven that a slick presentation, slick website, and slick creator can get very rich if enough people want to get in hoping to get rich too.
Bitcoin got populair without all this. It didn't need slick advertising.