Bitcoin Forum

lol

Regulars must have read the news? - what are your thoughts? lol https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin

Btw Blythe Masters was trying to bring Wall Street into Blockchain and then there is this dude slamming BTC.

Argument I keep hearing are "terrorist use it" "money laundering" - if that's the case ,terrorists also used airplane, let's ban air travel - they also use cash ,let's ban cash altogether (yes, there is a war on cash) , they use guns , let's ban guns. However, gun industry (defense sector) and airlines have massive pockets.

I feel like all this is happening because right now banks can't find a way to charge for each transaction hence-one way or the other trying to throw dirt on it.

However, what do I know. I'm a newbie.

Traditional bankers are getting scared. And they have good reason to be.

Yes that's the truth, bankers are so scared that Bitcoin may ruin their currency? Bitcoin has already tapped the 5k mark and still a fraud?

This comes from a guy that was partially responsible for the 2008 crash, got billions in bailouts for his broke bank, and continues to paint rosie pictures for people to invest with him in his worthless fiat and securities. He must be worried about bitcoin and crypto all the better i think. Jamie your the fraud.

Jamie Dimon is one of the biggest banksters out there making billions doing what exactly? does he even work? he just sits all day and gives some speech here and there invited in panels. What the hell else does he do?

Anyway, he knows that Bitcoin challenges the status quo and he would lose the scam/system that allows him to live a comfortable, lavish lifestyle, since crypto would render banks useless.

And he also hates that he didn't buy Bitcoin early on of course. I've been hearing this guy for years now saying how Bitcoin is dead.

because bankers considers bitcoin as a threat.

He does see benefits in adopting the blockchain at least.


No idea why people keep saying stuff like this. No matter what people trade with, these people would stay filthy rich. They might not be influential in the way they are now, but I don't see why their lifestyles would need to change much.

Who the hell Jamie is to decide what bitcoin is? As long as we keep supprting bitcoin, there is nothing that can kill it.
Everyone is entitled to his opinion but we should make our own decision abou our financial decision.

Maybe he will change his opinion once he makes his homework like this guy (https://cointelegraph.com/news/billionaire-howard-marks-no-reason-why-bitcoin-cant-serve-as-currency).

Only people with no idea of how this system is groundbreaking to the financial systems of the world can make a fool of themselves. He's only proving that he didn't understand it. It's awkward.

Blockchain technology will still be here when every data of JP Morgan has passed, it only needs computers to work. Nobody can erase it like his companys files.

Eventually it is not 'Bitcoin' beeing the real thing, but as long as there is no bigger/better, it is the future. Maybe he should ask someone who can explain it to him.

Or he just placed some shorts before...

People are too quick to dismiss his remarks cause it goes against what we believe in but the truth is really somewhere in the middle. Bitcoin and crypto in general is in a bubble growth phase and the clearest sign of that is when people so easily dismiss remarks of a crash coming in the future.

Forget about the value for the moment, it's not the point. Even with half the value of now (or say a tenth) it's the future.

This is the best argument that we can use against people who think that they know much better than Satoshi when it comes to Bitcoin. The idea that since some evil people are using Bitcoin then we should be limiting or banning the use of Bitcoin is one of the most foolish idea ever. It is not the fault of Bitcoin if there would be people to use for their own evil interest. Singling out Bitcoin of all the currencies used for frauds is not doing justice and is very unfair to say the least.

It is just sad that these people using those illogical arguments are actually also representing the selfish interests of their own industries (maybe they want to protect what they are representing here) that is why we have to be careful not to caught the same virus they have in their mindset.

Soon these people will realize that Bitcoin is unstoppable and is here to stay for good...they might even join the Bitcoin bandwagon silently and enjoy the profits they can get out of it.

Immediately dismiss Dimon's remarks at your own risk. While I personally believe in the future of Bitcoin, Jamie Dimon isn't some random fat cat. He is considered one of the best bankers in the world for a reason.

people use bitcoin not just for buy drug or money laundering. They need a good way to send money over worldwide. Any bank can't do that. Think about send money to UK. 10$ and 3 day wait for just 200$

Do you think that Bitcoins are any better? A few weeks back, I remember paying the equivalent of $8.00 as the transaction fee. And also, I can remember waiting for 3-4 days for another transaction, where I paid a lower fee. I am not saying that the bank transfer or Western Union is any better. But Bitcoin is losing some of its advantages. 

Bitcoin's transaction fee has become a disadvantage instead of an advantage. Before, it is one of the ways of the people to send their money without paying that much transaction fee but then transaction fees are slowly becoming higher thus some are coming back to what they used to do before. I hope that transaction fee would be lower and I know that there is an option to pay a lower transaction fee but it would take much time than paying the normal fee.

About the CEO, he does not see yet the importance of bitcoin and how it can be the future technology but maybe he is just afraid of what will happen to his business once the new technology takes over. He should just do something to innovate and not being the one who will contradict the technology because maybe later on, he will just regret it.

this is not the first person to attack bitcoin like this and it will not be the last. the decentralized cryptocurrency does not care what random people say. it is what the majority thinks that sets their pace.

no, lets ban USD, because by this definition USD is THE fraud since all the terrorists use it!

He understands the importance of crypto-currency. But he is not that stupid to support it. He is fully aware that Bitcoin can emerge as a competitor for the big bankers. So he is engaging in negative propaganda campaigns, in order to scare normal people away from Bitcoin. These bankers want to take your money and make the investment on your behalf (but they will chose which asset to invest).

Jamie Dimon is a moron.  He's a Star Trek fan trying to talk shit at a Star Wars convention (or the other way around I like both!).  He is saying this to prevent his investors from getting nervous and looking in our direction.  He sees the writing on the wall but would rather see Crypto fail  rather than embrace it.  Crypto Market Cap is $150B right now.  This will double, triple and so on. Most of this money comes from Wall St.  He is afraid.

My favourite part from the Reuters article reporting on the same thing:


Unless you're the Federal Reserve serving the banks, right Jamie?!

What a hypocritical cunt! An analogy about a pot and a kettle springs to mind.

Cryptocurrencies are gonna be the bane of his existence for the next few years... of course he's ognna try as hard as he can to keep it down and make people believe its a scam or a ponzi scheme.

There are still a lot of misconceptions regarding Bitcoin and Cryptocurrencies and probably, there will always be, especially when something is unique and stands out from the crowd.

However, it might be due to the connection Cryptocurrencies have, especially Bitcoin, with the Dark Net markets. Many people think of crime when crypto's come to their minds, since it's easy to be used in illegal activities and also money laundering.

He is against bitcoin maybe he did not have a stash of it or regrets he did not buy when the bitcoin is still cheaper before. Or, his bussines is in financial and will be greatly affected by bitcoin. He forgot that its the people that supporting bitcoin that makes this cryptocurrency more popular.

LOL
HAHAHAHAHAAHAHAHAA!!!

When it comes to bitcoin;

China's central authority is becoming irrelevant.

Jamie Dimon is becoming irrelevant (we all see the uneducated irony of his statements today; global fiat inflation-15to20%/yr)

All the world's largest banks who have been blocking any disclosed/open bitcoin transactions/businesses since 2013 are irrelevant.

Any attempts of government regulations / legalizations are irrelevant.

Bitcoin hit escape velocity back in 2013 (4 years ago) and has been strengthening ever since. It's 10 year anniversary is not too far away.

Truth is, Bitcoin is secure because of all of its dynamics (decentralized, open-source, immutable, GLOBAL, secure, store of value, long established, system-of-balance: miners vs developers vs users). There is no other financial asset on earth (fiat, stocks, gold, or real estate) that can beat the store of value that is Bitcoin.

hahaha.

i am always fascinated by the timing that the media chooses!

when price is rising they publish articles saying how bitcoin is awesome and how it is headed for the moon. they publish about people who said bitcoin will be $10K, $100K, .... almost every day.

when the correction after the long rally starts, they make a 180 degree change and start publishing the exact opposite of the previous articles! they start publishing about people who are calling bitcoin "bubble", "dead", and my all time favorite "rat poison".

it is as if they have heavily invested in it. hmmm.

Everyone's entitled to his own opinion. That is his views and we respect that. This is the new era of cryptocurrency. Maybe , he is just one of big personalities who are trying to control the Crypto value by spreading these news. Maybe a big whale considering his status on his company.

I always fall back on the saying "no man wants to topple the skyscraper he built."  As the CEO of the largest US bank, Bitcoin doesn't fit into his idea of how the banking world should be.  Bitcoin, although comparatively small, is a potential threat to him.  However, he will likely die before it has any substantial impact on his empire.  There is a new demand for a new technology and it appears to be gaining ground and stabilizing.  Bitcoin won't replace currency, but it is the emergence of a new era that will become part of the norm.

I bet he still shops at Blockbuster...

In 2014, Jamie Dimon had said that "Bitcoin will try to eat our lunch." And now the recent statement proves that banksters really do fear bitcoin as they do know that it has the potential to disrupt banking sector's status quo. Bitcoin is still in its early stage so people like him would be spreading FUD, feed the media and create uncertainty.

Apparently his bank has a pilot program for bitcoin. What if he was trying to cast a negative light so he could buy in at a lower price. if I had that much pull that's exactly what i would do then enjoy a $2000 growth spurt. XD

At first I was a little scared when I read that article of Jamie Dimon calling out BTC. But that is what it is. FUD from a high ranking banker. Let him scare all of the people who dont know the true potential of BTC. He doesn't scare us

I can imagine his mind in deep, 2333
it's quite a great achevement for bitcoin, beyond my imagination in 2011
bankers' heart vs  hard network, 2333

Jaime Dimon, of all people, has no right to call Bitcoin a "fraud". JP Morgan was among the leading financial institutions that caused the housing bubble that caused the crisis of 2008.

It is an irresponsible statement, coming from someone of his stature. It also shows his ignorance. If he was to call anything or anyone a fraud, maybe he should first look in the mirror.

6 months from now:

"I never said anything about Bitcoin Cash, that's a legitimate currency."

 :-X :-X :-X :-X :-X :-* :-* :-* :-* ;D ;D :D ;)

I LOL'd.

Jamie Dimon and JP Morgan probably went long gold when the North Korean shenannigans started - only to find to their horror that the gold price didn't move and money seeking safety went into bitcoin instead.

No, that's not it.

Jamie Dimon runs one of the world's most successful investment banks. An investment banks can't sell Bitcoin. Regardless of what his personal feelings are he'd be an idiot of a CEO if didn't try to redirect attention back to traditional investments. He can't make any commercial money off Bitcoin, why would he promote it?

And to be fair, this could be like the tulip bubble. It takes more than less than 10 years for this project to be considered by the general public as a "legit". If Bitcoin is still around and thriving 7 years from now (15 years in) then  we can have more confidence that the idea and the support among the public is longstanding.

This was the funniest bit:

If a JPMorgan trader began trading in bitcoin, he said, “I’d fire them in a second. For two reasons: It’s against our rules, and they’re stupid. And both are dangerous.”

Just after he said that BTC sold off from $4250 to $4050 as JPM traders quietly dumped their Bitcoin holdings.

People die in their sleep. Let's ban sleep.

Some die while masturbating. Okay, that's where I draw the line in banning things.

Back to Mr. Dimon.

We just love guys like this. They make statements like this, because they get paid to protect the hands that feeds him. The masters behind him are getting nervous, because they know Bitcoin is disrupting their business. These institutions are corrupted to it's core and sites like Bloomberg are their voice. < When a news site only report one sided articles about something, you know something is wrong >

Ask yourself this question : If your salary is paid by JP Morgan, will you support Bitcoin?

In a few years from now, they will fuck up the world economy again, and the tax payers money will be used to bail them out again.

http://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase

Great "commercial" for Bitcoin.

What can one expect from a shill for a corrupt fiat system who made his billions through unconstitutional rigged money system. To come out, bow his head, proclaim Bitcoin the new king and commit harakiri.
He is not stupid. He knows he is lying through his teeth about merits of Bitcoin. No remorse or conscience is to be expected in a guy like him.

The fact that he mentioned it is great. He is aware and he sees the danger.

The fact that he calls for the goverment to ban it  is even better. It means he knows how powerless he is to stop it.

Message is clear:
Short Jamie, long Bitcoin.

Fucking thing about this guy is that he doesn't know anything about crypto currencies and how it works this statement is absolutely ridiculous accusing bitcoin some baseless commentary bullshit. Bitcoin being used for crime and money laundering but isn't it the same for cash or any other fiat currency, bitcoin is not the only currency that is being use for crimes or terrorism so it regular cash. This guy might be a fiat investor fearing that he might lose his money to bitcoin.

I am not surprised. What else do you expect to hear from him? He is one of the people who have corrupted the system. The funniest part is that he knows the truth but it is so bitter to him.

What else shall the CEO of a big bank say ?

Bitcoin is "destroying" his source of income and not only his but the income of the people he is responsible for.

But even if there are enemies of BTC, at this state it is unstoppable.  :)

The problem is not one idiot who s afraid he might lose his job due to innovations in financial sector. The problem is that after 9 years of BTC existence, the market re still that weak to be able to shave off 1/4 of BTC price in 3 days due to what some moron says and a few of fake news.

Somehow I expected more maturity from the BTC market after NINE FUCKING YEARS OF FUD!

Obviously he's not going to support it, he's the figurehead for the JP Morgan's, some of the richest most corrupt people in our history. Its okay, we will become the new 1%. I don't want him or any of his 1%er followers to be a part of this train until their paper backed only by trust no longer has any trust left. Maybe then I'll welcome them with open arms.

He probably has large holdings already though.

if I got paid $10 worth of bitcoin each time someone calls bitcoin a bubble, dead, dying,... then I would have been richer than Bill Gates by now.


he does. he truly does. it would be idiotic for these people not to have any investment in bitcoin. all of them know how powerful bitcoin is and they are well aware of its future, that is why they are attacking it in first place but they also know that their attacks can only slow down the process so they buy cheap, spread FUD then short, then buy at the bottom,... rinse and repeat to become a big shareholder in bitcoin.

in a couple of years when price is over $100,000 it is revealed that JP Morgan owns 1000BTC+

We all here believe in Bitcoin, but we have to be honest we are still a long way from Bitcoin and cryptocurrencies in general becoming more or less stable. Any tweet or article out there can either rocket the price or send it dropping fast. We have to accept the fact that these banking tycoons can make the price plummet fast by spreading their FUD.
We need to hit a trillion marketcap and much more so if some whales decide to dump their coins it doesn't send the price in a free fall. But such articles sure are not helping in pulling in new buyers. We all know it's a very volatile market but it sure sucks to see your portfolio dropping 50% in value over the last 2 weeks alone with all the FUD... It is a big resilience test that's for sure. HODL is the only way people.

Banksters are getting scared of all the money they wish to control, they see Bitcoin and the cryptocurrency marketing growing and growing and can't stop it.

Erik Vorhees said it the best:

"My memory is failing, was it Bitcoin or was it JP Morgan that was bailed out by the government?"

There is certainly hype. I think what people call "bubbles" are more precisely called "hype cycles" in a broader context of mainstream technology adoption. But hype =/= fraud, not by a long shot. Whatever his comments did to the price -- probably not much, as I think the continued China rumors are having a much greater effect -- this will go down in history.

A few years from now, I think people will see Jamie Dimon and his "fraud" comments just like they do Professor Bitcorn and his $10 price prophecies. Bitcoin always bucks the FUD in due course.

I think blockchain technology is here to stay...not necessarily all these cryptocurrencies, Bitcoin included (even though it is the biggest).

Until bankers and corporates don't find how can they benefit with this ever growing currency, they will only bad mouth it. Yes, it is volatile, probably because a lot of people don't know about it, and with this constant news of calling it fraud, or banning it, will make people atleast curious about what and how much does a bitcoin value.

I don't care who says anything against Bitcoin, I will continue to hold and support it, so many fuds happened in the past and yet bitcoin accomplished a lot this will come to end, and bitcoin will eventually win in the end, so guys let them say what they want to say it's still Bitcoin to me.

Technology is challenging the status quo of Banks

1. Bank loan vs crowd funding & ICOs
2. Foreign remittance vs bitcoin transfers
3. Credit cards vs Cryptocurrency cards (like Monaco)

He has reason to be worried and call it fraud. Whether he really considers it as fraud or not is debatable

Actually laughed out loud to that "news". What else to expect from banker-thieves ;D

Definition of fraud "an act of deceiving or misrepresenting"

Does he know about open source algo ?  :D

But this particular news has finally managed to push the Bitcoin prices below the $4,000 mark. He made his statement at the right time (for him), as the exchange rates were already under a lot of pressure due to the FUD from China. That said, I wouldn't discount the possibility of this guy using this opportunity to purchase crypto-currency. Not just Bitcoin, but almost all the major cryptos are down. Perhaps Jamie is spreading his FUD in order to buy cheap coins?

Bitcoin is now starting to scare the hell out of them, and bitcoin is just starting. Back when bitcoin was nothing more than dirt no one paid attention to it. Bankers did not mind what will happen as they are confident about the old currency but now is a different story when bitcoin hit 5k and is constantly on the rise some bankers paid attention to it saying negative things about bitcoin and why it should not be used. On a local news from where i'm at someone said that bitcoin is a scam and should be avoided. The guy that said that did not even know what bitcoin is.

All the talks about terrorism and money laundering has been said over and over for years now and we still don't see any alarming increase of those due to bitcoins. They might want to stay away from it actually, since it's not completely anonymous.

The comparison with tulips is just bad, tulips don't serve any other purpose aside from being a speculative object (and a pretty flower to look at). Bitcoin, whatever its value may be, can be used for quick transfer of funds between countries. It still is faster even with the delays, just imagine if that is fixed.


Could be going sour-grapes, you think so?

Yes, Bankers started to panic they see the way how bitcoin is revolutionizing the financial industry, bitcoin is going to make them obsolete in one way or the other if they left it. Bitcoin is changing how people use money as we know it for good! Bitcoin gives more freedom to people compared to banks that tends to control everything on their own. People themselves started to understand Bitcoin is the way to go in the future that is why all these dirty nasty bankers are trying to blackmail everything.

"Someone will get killed"

How about bankers funding wars that killed millions. He's having a laugh right?

Like wow,

So many defending Bitcoin left and right. I don't care what Jamie  says- however, this much irrational exuberance makes me think -perhaps he's onto something. From an investment perspective - BTC hasn't had a chance to consolidate- which IS NOT good . It needs to consolidate -ergo trade in a sideway range-otherwise large swings will keep happening and price won't stabilize.

Yes, we all want it to keep growing but it needs to consolidate. Consolidation also helps-stuff transfer from weak hands to strong hands. I feel like most are miners here and not into investing.

I am not saying he's right or wrong. Like we all, he also has a right to his opinion, however, he has more influence behind his opinion lol.

Believe it or not- NOTHING is future proof. For example- look at Great depression, World wars and all- people thought it won't get better however it did and here we are.

There is a possibility that something better than BTC could be developed- just because we don't know it yet or how could it possibly be done, doesn't mean it can't be done.

Summary is, don't invest the money you can't afford to lose, no matter how promising an investment looks at the current standpoint.

Disclaimer- yes, I'm a miner and I'll continue to do so until it stays feasible. 

The CEO is not entirely wrong that Bitcoin is artificial money without real values standing behind it. Sadly, this also applies to actual money.

20$$ says this team is trading Digital Currency on the side.

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

The funny thing about his statement is that, there is already a selection process of whom to hire or not as one of their employees which means he is admitting that even though that his employee has pass the screening process, still stupid people can get passed right through it. And if it is really against the rules, than those employees are stupid because they are not following their organizations protocol. Also its another mans's opinion before we see statements of wall street traders that Bitcoin has not yet reached its ceiling. We don't need to be affected so much with it as its his own personal view.

bitcoin and cryptocurrency is the future no matter what this jammie or whatever say . they can make temporary effect on price but in long term bitcoin will stay strong

This is a contradiction - if all money is artificial and have no real value, then that's just a universal property of money and there's nothing wrong with it. Jamie Dimon either doesn't understand Bitcoin or sees its potential to disrupt bankers like him. People shouldn't blindly trust opinions of other people, even if they are quite successful - it's always better to try and do your own research to develop a deeper understanding, and only then start listening to see what others think, since you will be able to immediately discard obviously wrong arguments.

Bingo! For anyone who asks me this question again. I am just going to give them this link and share this from the website



Wall Street Journal: JPMorgan Chase, led by CEO Jamie Dimon, is building a new system based on the Ethereum platform

TELIS DEMOS, 3 OCTOBER 2016
“The hope among Quorum’s developers is that blockchain can solve some of banks’ most intractable problems by replacing a web of connected databases with a single, shared, immutable record of transactions. The problems targeted include long and expensive settlement times, system breakdowns and lack of clarity about risk exposure.”

Basics of crypto works exactly like this, when you are in a weak position and have no leverage to earn your ideal profit you'll start bashing the whole system

Calling it fraud and scam, tying it to terrorism and criminal activities and you do it all to achieve one goal only, newbies with impression that everything might

Very well go to shit, now is the time for me to cut my losses and then the panic spreads. no matter how many times they see the market and it's performance

Over time they will always stay the same sheep they were before in their past lives. China bans crypto is equal to the end of the world for them so they will

Start to panic and guess who wins? none of them even know that China or any individual and organization matters nothing when it comes to the value of BTC.

None of you know Bitcoin is not supposed to be used and adopted by every one, only the people with denied access to traditional monetary infrastructure need

To use Bitcoin and we're the lucky few to be here in the right time with opportunity to grab some coins when the time comes for the big players to go against

The governments by using crypto, then we could have our chances to cash out with the biggest profits of our lives. idiots you shouldn't stay in crypto forever

But if you stay you'll become like bitches when sitting bored to death having no good job to do other than gossip and bitching around.

Why am I not even surprised with those remarks? Can we blame the guy? He's in banking business so what do we expect from him other than spread such a ridiculous statement. He have all the right to be afraid of btc to preserve the banking business to continue his lavish life. It actually doesn't matter whatever he says as long as we know how precious btc is.

Yeah the guy is trying to put down bitcoin because he knows that the more people will adopt bitcoin the closer he will lose his career. And he is actually winning now since people has been dumping bitcoin after his statement came out. Good thing people are more confident with bitcoin and keep holding their btc with them. I think those who panic are the newbies who doesn't understand the crypto yet.

That guy is a fraud and a clown, he keeps on criticizing bitcoin without knowing that he wants to buy big volume of it that's a maybe but its a possibility. Calling bitcoin a fraud is the funniest joke I've ever heard of, I loved being a victim of bitcoin and crypto fraud with happy a pocket.

Jamie say Bitcoin is a FRAUD, but JP Morgan use the Blockchain technology to develop their own "private" Blockchain?

Anyone see something fishy here? The biggest fraudster is currently the CEO of JP Morgan. He should have been in jail for all

the fraud that JP Morgan was involved with. The government bail out banksters like him, when they commit fraud. How many

banksters from these banks went to jail after 2008? .... I will tell you.. NONE.  >:(

I bet you he does even know how bitcoin even works... All i can feel from his statment is fear. He's afraid that the old system in which the traditional bankers are the only ones getting rich over the back of the working class people will collapse and it sure will it's just a matter of time.

I think comparing bitcoin with the tulip bubble is simply a wrong comparison.
Tulips can be reproduced in an infinite amount. Bitcoin is limited! Li-mi-ted!!!
That fact is always missing!!
And this is exactly where the whole estimation of James Dimon has its weak spot: It is based on a wrong assumption!

These guys put the whole world in a crisis in 2007 , while still collecting $100 million dollar bonuses.
They are feeling threatened and it is a good sign.

maybe they see a chance to buy some cheap bitcoin and other crypto
while giving it a bit of a verbal bashing to get the price down even more.

what a bunch of Bankers

 "The term "tulip mania" is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.[5]"

So according to Jamie, Bitcoin can be separated from blockchain technology, which is what gives bitcoin its intrinsic value. hmmmm am I missing something?

He calls Bitcoin fraud.... fraud implies dishonesty.
But the rules of Bitcoin are all there in open source, C++ code for people to see, its the most honest system you could imagine.

The comment is emotional, which comes from fear, and banker fear is great!

Yes that person want to start a new business in digital currency so he spreads rumors like that bitcoin had made many investors rich if this was fraud no one will be so confident on investing in bitcoins so don’t listen to such kind of people they don’t just want to see the popularity of bitcoins and profit that is changing lives of many peoples

banks and companies like the idea of blockchain, but obviously banks hate crypto currencies as it takes away their ability to earn money from interest on fiat currencies

Same here! For me, his words matter the least and he has zero effect on my behavior towards bitcoins. He can bluff whatever stuff he likes to and most of the people here won't care because this community is full of smart ones. Bitcoins will prove him wrong soon.

and the former JP Morgan CEO is a good supporter for bitcoin. Bankers are just digging for their profit.

He has already showed his opinion last week and I'd expect nothing has changed since. Why would they make new articles about what he's saying. He obviously doesn't understand the technology. I doubt he's dumb, but he certainly is brainwashed by the system he's been profiting from for many years.
Somebody should ask him why young people should be holding money in his bank for 3% a year and not in BTC that can give a whopping 400% a year.

Jamie Demon is shitting on Bitcoin, again...

Why, of course the frogs don't like it if you drain the swamp  :D :D

We just need to get used to these kind of people because this is very common for the cryptocurrency like bitcoin to get a lot of negative thoughts and bad accusation because that is how they play the game and not all of those people are really against bitcoin because most of them are just talking something bad about bitcoin to make the price of bitcoin low and make move to invest.

He showed that he was frightened and felt insecure, so he threw a sentence to attack Bitcoin and its users. Perhaps this is a reflection of fears of the long domination of banking world against bitcoins which has managed to get a good response.

No one has the right to say or accuse about bitcoin is a scam (fraud) he might say so because nowadays there are few scam investation of bitcoin
The one who said that bitcoin is a scam should dig deeper about bitcoin so people won’t say it’s a scam

   When I was here first time this kind of topics were interesting for me, I did not know much about bitcoins
and I believed with one part that there is truth in all this bad news about bitcoin. Now after almost half of the
year here and many similar topics I realized that this kind of news are here just to confuse people and turn
them away from bitcoin. This kind of news probably coming from banks, and this guy Jamie is one of the people
from investing sector.
   I made a little research about JP Morgan and I can understand why they have a fear from bitcoin, simply bitcoin
can ruin their business. They will try with any means necessary to hurt bitcoin, but they will not succeed in that.

They invested heavy in Blockchain, not bitcoin.  He is protecting his investments...

Again this retard in the room ? I vote him to be fired

Don't listen to Jamie, instead listen to John McAfee!

don't listen to either of them, use your own brain!

these two and many others who are so vocal these days about bitcoin are just pursuing their own goals and trying to use the social media to their own advantage. JP Morgan was bearish in this market and they were planning on buying in that dip. and MCAfeee was bullish and were trying to make profit from the rise.

They are essentially the two extremes here.

John McAfee seems to be overly optimistic about bitcoin's future that even i don't think his predictions will come true. I mean come on, $500k per bitcoin within the next few years is just completely ridiculous unless fiat becomes worthless all of a sudden.

However, Jamie Dimon calling bitcoin a fraud is even worse. How can bitcoin be a fraud, when it is decentralized?

With these kinds of FUDs, Jamie really has become famous even among crypto users. They must be glad now. At least they had achieved attention. People like him just want to get highlighted in the news. They themselves knows the true power of bitcoins and this is the reason why JP Morgan itself has bitcoins. A very good drama they had created indeed!
Anyways, nothing can destroy bitcoins and yes banks feel threaten by bitcoins.

Here we go again with the "banks are threatened/scared of Bitcoin" statement where there is no legitimate showing that it is happening right now. Banks are separate entities which a lot of companies depend their funding from, while Bitcoin as of now does not show that kind of power where it can fund a big company. Banks are also has the ability to adapt and for sure you have seen Bitcoin Visa Debit Card which are issued by different banks of several countries, I don't think that by creating a debit card based on Bitcoin shows that they are scared of it.

It's just me or this CEO starting to spread this bullshit regularly within such period of time  ::) . tired of all these bullshits and hope people won't get trapped to this one.

Quite agree with this one, such heavy amount of attention given by Jamie reflect his current condition.

Hah! If his intention is to get one, then definitely he got all our ears listening to him. However, his tirade doesn't work anymore. If he still wants to be relevant, I'm sure its not the last time we gonna hear about him. But we already learn what he's motive is, so the next time we are not going to be swayed. I think its also a win-win situation for the community. Bitcoin has gain more popularity and I sure that new investors are going into the ecosystem every time he open him mouth. So let him attack once again and see how bitcoin market and community will react.

It's a bluff! I don't trust them as they are the ones who caused the 2008 subprime crisis.

That person is completely fraud and all he want is to start a new business in digital currency so he spreads rumors like that bitcoin had made many investors rich if this was fraud no one will be so confident on investing in bitcoins.so don’t listen to such kind of bullshits and stick to your motives, and earn profit that is changing lives of many peoples.

Actually guys you are late in the news some time last 2 weeks ago when Bitcoin fell there are rumors that the CEO of JP Morgan bought large amouns of Bitcoin and he intended to make bad opinion that was well timed with the problem in China as a catalyst to start a panic selling. A very clever way to buy Bitcoin cheap, he did use his influence over the market.