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Title: 2013-11-16 Kuwait Times Post by: Kokomoka on November 16, 2013, 09:44:54 PM The good news: The Kuwait times, an English language paper over here featured a half page spread buried deep wtihin the business section about the growing popularity of bitcoin in China.
The bad news: The article quoted a price of $26 per bitcoin. Arbitrage opportunity or ignorant journalism? Title: Re: 2013-11-16 Kuwait Times Post by: Raoul Duke on November 16, 2013, 09:47:32 PM The good news: The Kuwait times, an English language paper over here featured a half page spread buried deep wtihin the business section about the growing popularity of bitcoin in China. The bad news: The article quoted a price of $26 per bitcoin. Arbitrage opportunity or ignorant journalism? A typo, maybe? Title: Re: 2013-11-16 Kuwait Times Post by: Rluner on November 16, 2013, 09:52:03 PM The good news: The Kuwait times, an English language paper over here featured a half page spread buried deep wtihin the business section about the growing popularity of bitcoin in China. The bad news: The article quoted a price of $26 per bitcoin. Arbitrage opportunity or ignorant journalism? Either way, there is no such thing as bad publicity. Title: Re: 2013-11-16 Kuwait Times Post by: Kokomoka on November 16, 2013, 10:12:29 PM In their defense, they quoted the Chinese exchange rate as around 1500 yuan per coin which is accurate I think.
Title: Re: 2013-11-16 Kuwait Times Post by: Carlton Banks on November 16, 2013, 10:14:14 PM In their defense, they quoted the Chinese exchange rate as around 1500 yuan per coin which is accurate I think. No, also wrong. It's close to double that price in RMB. Not as wrong as $26 though. Title: Re: 2013-11-16 Kuwait Times Post by: LiteCoinGuy on November 17, 2013, 01:15:43 AM When this is the only negative part, its good press 😉
Title: Re: 2013-11-16 Kuwait Times Post by: exstasie on November 17, 2013, 01:23:52 AM In their defense, they quoted the Chinese exchange rate as around 1500 yuan per coin which is accurate I think. No, also wrong. It's close to double that price in RMB. Not as wrong as $26 though. Well that depends when they did the research for the article as the price has doubled within the last couple of weeks. If he did mean to put $260, or $226 instead, then it does fit in line with the 1500 yuan he quoted. |