I think lots of people completely understand the appeal of ETH but also realise it has so many issues the market cap is completely imaginary. Decentralised any

I think lots of people completely understand the appeal of ETH but also realise it has so many issues the market cap is completely imaginary. Decentralised anything is an awful market strategy, it works for some things where regulation gets in the way (AKA issues that are hard to solve in a legal way). Ironically, p2p crowdfunding has been the killer application of cryptocurrency so far, since it's tricky to do that legally and it turns out if you ICO with crypto you can just take the money and run. I don't believe ETH will succeed to the extent people are hoping it to, long term, I think the real market cap should be a fraction of what it is today. But I'm not stupid; I still made a bunch of money trading it and riding the hype.