Bitcoin Forum

Considering all the other things he's said about Bitcoin over the years...

They're (establishment) scared of the power of Bitcoin.  Lashing out.

    DIMON: BITCOIN IS A "FRAUD"; "WORSE THAN TULIP BULBS"
    DIMON: BITCOIN WILL EVENTUALLY BLOW UP
    DIMON: BITCOIN WON'T END WELL
    DIMON: WOULD FIRE ANY TRADER TRADING BITCOIN FOR BEING STUPID

http://www.zerohedge.com/news/2017-09-12/bitcoin-tumbles-after-jamie-dimon-calls-it-fraud-would-fire-anyone-trading-it (http://www.zerohedge.com/news/2017-09-12/bitcoin-tumbles-after-jamie-dimon-calls-it-fraud-would-fire-anyone-trading-it)

Well, any trader banking on bitcoin growing infinitely or never crashing probably should be fired.

one riding the waves, making silly ammounts of profit (and taking it out)... hmm...

Yeah I agree with you there.  Along with playing the headlines to push the market up or down.  Nothing would ever happen like that.  Hey, with BTC, it's not even illegal as it's not a security.

Considering he's on the short list to be the next Chairman of the Federal Reserve Board of Governors, interesting quotes.  But it fits in with prior statements he's made.

At the same time, of course, JPM has Quorum, which I believe is a fork of Ethereum.

https://www.jpmorgan.com/global/Quorum (https://www.jpmorgan.com/global/Quorum)

All smoke and mirrors.

Growing infinitely is impossible for anything. And crashing is unlikely for a technology that is an advancement in every way compared to a system it replaces.

I think he knows that he is an influential figure to his company and whatever he says will matter of course especially to those who really believes in him but what if he just all planned it to get a profit out of cryptocurrencies then he is winning and will become richer though.

He said that 'bitcoin is fraud' and that's what people fear? as far as I know bitcoin is not yet reach the 1st decade of its existence and it already reaches the astonishing value as $5,000 so every business man I guess will be much more interested because they got the money to invest in.

Not to mention all the other coins that made advancements off bitcoin. This is all just fear based manipulation!

I agree, or maybe he has gain bitterness on the rise of bitcoin? does he lost or something that made him such statements? Ups and downs is normal trend, however it does not end to that.

Jamie Dimon statements against bitcoin.

2014: It's a terrible store of value. It could be replicated over and over. They will eventually be made as a payment system to follow the same standards as the other payment systems and that will be probably be the end of them.

2015 : You're wasting your time with bitcoin. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen. The technology will be used, and it could be used to transport currency, but it will be dollars, not bitcoins.

2016: Bitcoin the currency is going nowhere. There is nothing behind it, and if it was big the governments would stop it.

2017: Fraud, tulip mania, blow up, won't end well.

Dimon has been criticizing Bitcoin for quite some time now, did it stop Bitcoin? No. It is growing.

- Alena Vranova, SatoshiLabs

Just ignore the FUD.

https://cointelegraph.com/news/bitcoin-experts-jp-morgan-speech

Thats a good sign for Bitcoin. One of the biggest world bank has fear and is spreading FUD now. I love such news. Price will go down sure because of the weakhanded but wait just 5 years and you will see 50000USD each Bitcoin. I am here since the beginning and after it crashes from 10usd to 1 usd they told BTC is dead and will be forgotten in the next months. 6 Years later I am sitting still here and Bitcoin was at 5000USD.

Bankers are afraid of bitcoin because they know bitcoin is going to keep them out of the evil business activities. Jp Morgan comment is a strategy of creating Fear in the mind of bitcoin holders in other for them to sell out of panic and they are actually currently doing that now. If people can see the comments this people has make over time based on op post here then we should know that there are not in your favor but discouraged people not to invest in bitcoin and encouraging people to invest in their scam banking business activities.

He is stupid, not the Bitcoin trader. He is part of the established fiat banking system and fears that his customers and investors switch over to crypto currencies leaving him alone with all the mass printed and worthless dollar and euro bills.

It s funny so established institution s got such an idiot at so high position.

I guess the time where smart people led financial sector is behind us. If I were a hedge/investment fund CEO, I d so cut my ties with this moron and his institution. Being so blind about progress is really not acceptable in financial world.

yes, it is true, One of the biggest world bank has fear and is spreading FUD now.
Bitcoin has stronger and become more popular, i think they will be more afraid of this

He is just the puppet. The smart people < puppet masters > are pulling the strings and they pay him to do their dirty work. How biased can he be? The cracks are showing, when the puppet masters wants him to make desperate statements like that.

He just opened old wounds from the past and a lot of people lost their jobs and their houses, because corrupt financial institutions like this stole from the people. < Who paid the bail out money? - The tax payer >

Idiots like this, just make it easier to see the bigger picture. We are coming for you. ^smile^

Dimon wanted to buy cheap coins. Well done!

the only thing that I ever read from articles like these are their time and date and then compare it with a bitcoin chart. do it next time you see one of these articles and you will see why I am doing it ;)
they always come out at critical times. for example you would never in a million years hear them call bitcoin "fraud, bubble,..." when the price is on the rise. you see those green candles on the daily charts, no one dares say anything during those. but as soon as the red candles of correction begin, they also become bold to post FUD.

I was right: https://twitter.com/IamNomad/status/908831764457672709

based from what is happening now JP Morgans strategy in inflicting fear to bitcoin investors actually works, Bitcoin value drops so big and most investors of bitcoin pull-up their money in fear that they might get bankrupt. In my own opinion JP Morgan only value on things that he can get profit on and wants to destroy the things that is keeping him on accomplishing it.

It has been the dilemma of our society that whenever something is going up and making fame within short time so FUDs are created. Fusses are roamed around the corner. Same is the case with bitcoins. Banks and governments they are all just fearing from the dignity bitcoin has achieved.

It is the part of business. Loss and profit are the two aspects of business. You cannot say that every time you will earn. Sometime the circumstances go against your well, and you may loss in the business. Bitcoin is also a coin business.

Buy bitcoin and wait for the rest. If the price goes high you will become rich and if the price falls down you will loss. But you are right loosing will not turned off bitcoin forever and the more people will invest in it.

Everyone has his own ideas and thoughts about bitcoin. As I do not agree with some of the people you mentioned here. Besides their thoughts and maybe research there are a lot of people who still buying and investing in bitcoin for the purpose of earning in the future.

May be the end of the bitcoin will not come just of the payment system like others. It is all about the outcome. The more the profit the more the people will invest.

Nobody can stop bitcoin according to Mr. Bill Gates during his interview posted in youtube by saying  this he probably pour millions of investment because of so much confident and trust to bitcoin that it will not going to be obsolete and it will last thru many generations.

Trying to spread the fear for newbies, even though a whale could be intrigued to cash out if bitcoin price seems always decline rather than increase these days. People ignore the positive news and words from various countries and companies which accept bitcoin payment, and people such as Bill Gates and Warren Buffett who really appreciate bitcoin and blockchain technology.
As Jamie Dimon use China bad news as the thing to warn people what could be happen, the timing just completely perfect for him to spread misleading information ànd FUD. It will be different if China didn't shut down exchanges, people won't believe his words.

Dimon just seems to have a stick up his ass for bitcoin. besides all the shit he has said over time, he also has plainly mentioned that his daughter is heavy into bitcoin, maybe even cryptos in general. it takes a special type of asshole to talk shit about an asset that one of his family members is actively hold, especially his daughter. if i didnt like something I wouldnt think about it, let alone take time out of my day by talking the price down with fud. he clearly has a motive, and the legality of what he pulled is questionable (and Sweden is testing it).

Yes the established bankers are running scared, it is apparent that his business has taken a huge beating, and I am very much sure that his business shall fall, a ceo that has to come lashing at another currency, shows that he and his company has no other work. He seems like that little child, running to. Princi everytime someone does small little things. Pay no attention to this fool.

With all the shit that Wells Fargo has been catching of late (they cant catch a break it seems), I wonder if any of JP Morgans dirt will come to light any time soon. its been a while since the shit hit the fan for them, so to speak, and the spotlight on poor banking actions that Wells Fargo is beaming on the industry cant help the situation. its pretty much a given they have been up to something; there doesnt seem to be a Fortune 500 that doesnt have some skeletons in its closet

my bet is they have some questionable foreign investments that may defy some sanctions, as well as some investments in the regimes of questionable leaders. just a hunch.. ;)

Everyone who knows anything or heard anything will have their own views on bitcoin and altcoins. Perhaps there has been a bubble as bitcoin rose from $1000 to $5000 in less than 1 year. The fall was not due to over hypeing but actions in China. Will bitcoin recover? I think so, but it will be more slow rising this time.

Even if Bitcoin price fall down or become bubble, Bitcoin already achieved something, yeah everything doesn't end up well but as long as Bitcoin still rising, i will keep riding on it until it blows up like what they are saying. I've already profit from it and i will not regret if i will lose something when it suddenly crash.

well, you can see through them and it's true. If they were not afraid of the existence of bitcoin, they simply won't utter these bullshit and spread it over many media. they're basically afraid of bitcoin as well as they afraid of losing their money.
wonder how much these media paid for publishing bullshit like this

Even Bitcoin value or price decreases or it fall down i do not think its enough reason that it will make investor to not demand Bitcoin. Maybe some afraid and fear about it well crypto currency and digital currency become bigger and bigger also it started to becone famous to other country I think they just taking some precaution and safety to guarantee their savings or money. Or maybe they just badmouthing it to destroy Bitcoin good reputations.

You meant "FUD."  :D

Dimon is shilling for whatever makes him money, and hating the rest of the time. He even admitted his daughter was pretty well invested into cryptos; I have to wonder what special type of dick head it takes to make statements that directly affect your loved ones fiscal value. This would be akin to taking out an attack ad against your sons lemonade stand, or neighborhood grasscutting business ;)

anywho, the variation in his positions over time should be indicative of how much you should trust his advice. remember, people dont tend to talk about stuff that doesnt concern them ;)