As I recently analyzed the market of Etherium - I was so shocked about its continuous trade-off in the market. And I found out that this is not for short-term investment but rather it`s for long-term. I am just really fascinated about the changes of crypto price in the market and I want to share my opinion with the community of this forum.
So far, the market of ETH is at its bearish period but it doesn`t mean, it will not stand up the current price. Obviously, if people will again start to buy etherium even for a period of 2 to 3 straight bulk-buys, well, the price will become bullish again. However, Etherium is not advisable for short-term and day-trading activity - it is for long-term perspective.
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I think for miners to make sense to mine it should be at least over 300 dollars to begin with, which means there are still a lot of miners selling at these levels because they have to but eventually it will dry up and the selling amount will be less and to balance the buyer/seller levels it will have to go back up.
Logically speaking bitcoin is mined by corporations now, it is run by people who have invested millions of dollars into mining however ethereum is still mined by a lot of people who have put up couple thousand dollars into a rig and started mining.
Now of course there are people who have invested a lot of money into ethereum mining but there are absolutely zero people who mine with 50k dollar worth of bitcoin miners however there are lot of people who can mine ethereum with 50k easily. We need to wait until small miners are done selling to pay off and than we will skyrocket once again. Or when ICO's are valuable and making sense again.
