Author

Topic: 2013-11-16 Kuwait Times (Read 947 times)

legendary
Activity: 1806
Merit: 1521
November 16, 2013, 09:23:52 PM
#7
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.
legendary
Activity: 1148
Merit: 1010
In Satoshi I Trust
November 16, 2013, 09:15:43 PM
#6
When this is the only negative part, its good press 😉
legendary
Activity: 3430
Merit: 3071
November 16, 2013, 06:14:14 PM
#5
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.
member
Activity: 115
Merit: 10
November 16, 2013, 06:12:29 PM
#4
In their defense, they quoted the Chinese exchange rate as around 1500 yuan per coin which is accurate I think.
full member
Activity: 126
Merit: 100
November 16, 2013, 05:52:03 PM
#3
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.
legendary
Activity: 1358
Merit: 1002
November 16, 2013, 05:47:32 PM
#2
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?
member
Activity: 115
Merit: 10
November 16, 2013, 05:44:54 PM
#1
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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