Maybe this is an incredibly uneducated comment, but won't they have to buy those GPUs back when the price of ETH inevitability goes up again? This is all just FUD from August 1st, ICO instability, and lack of Ethereum use cases. All of these issues have resolutions planned. So one would be stupid to think Ethereum stays at $150 for even a year.
> All of these issues have resolutions planned. So one would be stupid to think Ethereum stays at $150 for even a year.
Honestly, there is nothing anyone can do to convincingly predict the future price of something like Ethereum or Bitcoin, because they are purely speculative investments.
It certainly will. With a number of participants in EEA and attention from governments like Russia and Singapore. Plus, eventual Casper update that does facilitate ETH staking as a decent form of position in the crypto market that will only grow down the road. It’s a long term approach but one has to believe in tech itself of course.
Look at Tezos - they used the success of Bitcoin (and Ethereum) against itself, by the way they funded a totally competing blockchain. You can be bullish on the future of crypto and a bear on BTC and ETH prices, if you envision a future where dozens of tier 1 blockchains compete (and interoperate).
