Ethereum is one of the few alts with a solid use case. Don't throw out the baby with the bath water. Its price got ahead of itself and the correction was overdue but as a concept its sound. Most of the other alts are based on nothing. Those with a solid use case will rise again and become more than they were before. Those without will slowly die off! I believe in Steemit also and if you bought in at 1.03 it looks like you have already done OK but be careful parking funds in other alts that could easily go to zero!
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@grizgal The concept is sound but the ICO's are scamming peoples ETH's and cashing out. This is the wild west of the new crypto era and there is no control. I believe in Steemit and this was a safe move. I will continue to buy more ETH as the price keeps dropping.
I think this is a generalization. Are there good ICOs? Yes. Are there bad ones ? Yes. People really need to be doing their own due diligence when messing with cryptos.
Agree @essaybrah EOS looks promising
I completely agree. Ethereum was not created for ICOs and I agree that they are creating a lot of the volatility. A lot of them seem to be scams or at least wishful thinking!