[2016-10-23] Bitcoin Surges as Chinese Miner Conference Concludes

[btc_manager]

The price of Bitcoin jumped on October 22 in response to the conclusion of the biggest ever conference of miners in China, where the participants discussed scaling issues. In the first ever event that included all of the major miners in China, Huang Shiliang, a famous bitcoin advocate, delivered an important talk which could be a pivotal moment for the future development of Bitcoin. While BTC-USD surged to a fresh high of $650 on American and European exchanges, there were notably higher volumes driving BTC-USD as high as $670 on Chinese exchanges...

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https://btcmanager.com/news/bitcoin-pri ... concludes/

[dotthebeats]

The price of Bitcoin jumped on October 22 in response to the conclusion of the biggest ever conference of miners in China, where the participants discussed scaling issues. In the first ever event that included all of the major miners in China, Huang Shiliang, a famous bitcoin advocate, delivered an important talk which could be a pivotal moment for the future development of Bitcoin. While BTC-USD surged to a fresh high of $650 on American and European exchanges, there were notably higher volumes driving BTC-USD as high as $670 on Chinese exchanges...

Read more here:

https://btcmanager.com/news/bitcoin-pri ... concludes/

This is a very good news to us bitcoin holders for which bitcoins price tend to rise up again because of these events and might continue to the movement and could possibly reach $700 as of this year.

[Collector]

It's nice to see the Chinese miners have so much freedom and ability to operate, with most of the censorship restrictions in China they are allowed to push the boundaries even if it is for monetary gain. I'd be wary of associating the price rise with any one event however, as it may be seeing a gradual rise from speculators and conferences like this just offer support.