"Patience" matters the most in here. What you are telling is absolutely right . . . But , do you think every small miners would wait patiently for days for a single block to be achieved?
We need to have a consistent hashrate increase to keep the price growing in a stable way.
If the present situation persists, we could see huge fluctuations in both the price and the hashrates.
Patient miners who value their infrequently mined blocks are far more valuable to the currency than the instadumpers that plague every other PoW currency.
The hashrate will grow with time, right now it's a saturated marked, awash with garbage, it takes time for people to find the rare gems amid the trash. I only hit upon SPR because I was researching ways of ensuring that mining remained decentralised, having recognised that pooled mining is a horrible handicap security wise and a huge deterrent to serious investment in and adoption of a currency.
Bitcoin has been around for 5 years and it's still volatile, the only thing that's going to bring the relative stability that we are used to with fiat currency is a marketcap and userbase of similar proportions to the $/£/etc - that's not going to happen overnight, it's likely to be a long struggle. (Depending on how big a crater the fantasy guvpaper timebomb leaves when it implodes, and where the wreckage falls...
)
