2013-11-16 Kuwait Times

[Kokomoka]

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?

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[Raoul Duke]

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?

[Rluner]

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.

[Kokomoka]

In their defense, they quoted the Chinese exchange rate as around 1500 yuan per coin which is accurate I think.

[Carlton Banks]

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.

[LiteCoinGuy]

When this is the only negative part, its good press 😉

[exstasie]

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.