I think ETH is a solid project, i just dont like what they did after the dao hack to bail out their funds and also dumped on the ETC buyers
That is right. Some people say that ETH is a scam, so I sold most of the mined coins. If I keep them, I will be rich.
Ethereum is a 72 million premined ICO coin. Does everyone get that? That's almost 80% of the supply was premined. That is almost $19 billion worth of ether that was premined. Hello? People? Do you even know what you are buying and where your money is going? It was never supposed to be a store of value. It has a limitless supply. Wake up!
The ETH has changed hands many times. So most of the coins are owned by new investors.