Post
Topic
Board Speculation (Altcoins)
Re: is ETH very cheap now?
by
valentine401
on 26/06/2018, 22:24:35 UTC
I calculate the main prices of ETH and also BTC price regarding the mining process and costs. miners are the main people that affect the price of BTC and ETH. if the prices of coins will below the mining costs, the mining will not affordable. in general, if we consider the average prices of mining in all of the world, we conclude that the lowest prices of BTC is about 6000 to 7000$. and this amount for ETH is about 400$. so if ETH decreases more than 400$, the mining of ETH will not affordable and miners will migrate to other alts. so this migration will cause stopping the mining of BTC and ETH and also will cause the price of the transaction. in long-term, this causes the raising of the price for ETH and BTC.

Ethereum coins and all the altcoins are currently dumping right now but i believe that the price will grow even more in the future because it already reached $1k dollar so keep investing right now if you have a decent amount of capital.