Quote from: ~Bitcoin~ on July 13, 2016, 04:53:31 PM

Quote from: PeRo on July 13, 2016, 09:44:06 AM

Everyone was expecting a very high price increase during the block halving period. But nothing happened, the price left hanging at the same price range. What happened, are you expectin that it will maybe rise soon?

It need sometime to see some reaction of halving to market. Still some bitcoins which were mined before halving are in the hand of the miners and they still find profitable to sell those mined coins at the current range. But when newly mined coins will come to trading than miner will not be willing to sell those coins cheap because it will not be profitable for them considering current mining cost. So holding whatever you have till another rise will be good decision for now.

The cost of the newly mined coin are around $400 for the electricity cost, if you include other cost, it could be higher.