I'm one of the founders at Bancor and I was in the middle of the 1999 Bubble. Had "Contact.com" - personal and professional social network downloadable application (later web based). We raised $15m venture funding (Lead by Accel). Soon after we released the first beta, the market crashed (April 2000) and the board explained to us that there's no more funding for "Internet" stuff and we should pivot, which we did, to "mobile internet" which happened 10 years later, years after we had to wind it down. In retrospect, we should have just kept our cost low, and keep building a social network.

Today, I work on a shared vision for not a social, but a commercial network. A network of interchangeable liquid tokens, used by communities along with other standard features (e.g. profiles, messages, discussions, etc).

We had 250k ETH cap in the Token Generation Event (TGE). The 150k ETH we got above that went to the reserve (20%) and the price floor (80%). 50k of the 250k was allocated to the reserve, so 200k budget, which was worth $18m just 30 days prior to the TGE. We suspected that the price might not be maintainable at this levels in the short term, given the recent insane spike to $400 and Indeed it went down, but we are far from worrying about the future funding of Bancor since we took that option under an account. We don't need to panic sale now, and we really believe in the long-term value of Ether, mostly due to the unprecedented developer adoption this platform attracts.

I invested in the "Bitcoin Bubble of 2011" when it quickly climbed to $30 and crashed, gradually, to $2 (when Wired published "The Rise and Fall of Bitcoin"). Those bubbles really mean anything. They could even be manufactured and we wouldn't know about it. We should not let these "bubbles" get to us. We should focus on our common goal, which is to overcome the trust gap that exists in our society. That trust gap is the reason we got bureaucracy - and I don't know anyone who likes it to much.

Using the blockchain technology we can organize societies in a different way. It's good that we have upcoming high-profile Ethereum alternatives such as EOS and Tezos, it's great that Cosmos and Polkadot are working on cross-blockchain interoperability solutions. But instead of focusing on that, some of us are fixated on the single parameter which is completely out of our control - the current trading prices of the different assets.

Anyway, one of Bancor protocol missions is to bring some stability to this madhouse using the non-profit automated market-makers we call "Smart tokens'. You can read more about it on our website bancor.network

tl;dr - forget about bubbles and prices and focus on funding, developing and using decentralized trust solutions.