To value a start-up company at over 5 million USD? I shouldn't even have to answer that question. So a company that isn't making any money is now worth over 5 million. How long, if at all, do you think it will take for your stake to be worth anything? For it to double, the company, once it goes live, would have to make 5 million on top of that, and that's assuming 100% of their earnings will go into the value of Ether, which it certainly won't.
Just think about it and you'll see how overly-inflated the evaluation is.
When you consider its potential, $5m is pennies. A tiny figure. $5m is nothing these days anyway. We're talking about a global platform here. Banks do billions worth of business on a daily basis. If you're building something that requires a huge amount of talent and time, millions are required. Simple as that.
I'm sorry, but potential doesn't put food on the table. Every altcoin ever developed ever had "potential". Banks do billions, yet if nobody knows about, or uses Etherium, that's what it'll be worth in the end. Pennies.
It's all hype. Where are the businesses coming out to back Etherium? It all sounds good on paper, but that's it. Big promises, and little evidence. Which makes it any different to any other IPO how, exactly?
Every idea in its infancy is just hype. Every business idea is just a promise. This phenomenon is not unique to crypto! To build anything costs money. That's why capital is raised. That's why investors exist. It's not any different to any other IPO. Nor should it be. There's absolutely nothing wrong with raising capital to build something that could make a difference to the world. How is this so hard to grasp?