Bitcoin Forum

I think maybe he's just the bank owner who wants to drop Bitcoin, so do not worry too much about what he said for Bitcoin, because he does not want to have a rival like Bitcoin, who is more interested in society than the Bank, so He's spreading such cheap gossip for against Bitcoin.

I think this is not too problematic for me, but the bitcoin can also give its own advantages for people who want to buy bitcoin to invest, and I think the future bitcoin increase will also happen, and I focus more with altcoin for trading. this is all a chance in narrow, so be patient with the current bitcoin price reduction.

it is normal that price have corrections. every plus in nature has a minus.

Jamie Dimon is the CEO of JP Morgan Chase and him talking against bitcoin is very normal. Because bitcoin is a threat to his organization and he wants his business running. The motive is strong for him and I can't really blame him because he wants his business to survive. However, I am not understanding why people are panic selling their bitcoins just because a bank CEO criticized bitcoin? 

People will have to be more responsible, I mean the bitcoin investors. We all have to be strong. Because organized forces will always try to discourage us. The money inflow in bitcoin currency over past few months have been impressive and hence we are under attack form the organized forces. Nothing else matters if we trust bitcoin!

This made panic between bitcoin investors and obviously this is making affect in the market.

Simply Jamie Dimon decided to buy some bitcoins, and to influence the price, decided to make this statement.

The price will go down to $ 3000, Jamie Dimon will give the team of traders buy bitcoin  :D :D :D :D

The drop can be caused due to several factors, Jamie Dimon is one of them. Note that Charlie Lee has tweeted yesterday that China was going to ban Bitcoin exchanges and he heard it from a source he could trust.  :) Lastly, maybe people are just cashing out to buy the new iPhone X. Hahah ;D

I'm not shocked with this news. This is what all bankers will do to protect their business. they consider bitcoin as a competitor. Expect more news like this when bitcoin recovers

Bankers usually are rather smart people. They know very well what and when to say. So I believe JP steadily shifts/expands to btc markets and want to acquire at a lower price and get good profit when panic vanishes)))

This looks like a strategy of people who wants take advantage of a great invrestment, they started to speak whenever they feel the need to invest. I think they are copying the strategy of guys from the wall street, first they hype about a specific investment, after gaining capital gains, they do profit gainig, then bad mouth it again, since they want everyone who have weak hands to sell their shares to them cheap, i see this what is happening now, but they do not have control over bitcoin, so they say something about it, when times like this happens, well as far as history goes, it always repeats itself, it is always this time of the year that bitcoin drops, gradually but not all the way down to its support, those who are buying for sure will win at the end of the year by the middle of the year next year. Saying bitcoin is a fraud is like saying that fiat is also a fraud,  we should also take a look at it whenever there is a depression, you might as well say that fiat is considered fraud.

I don't care about this guy he is an idiot who does not know anything about the blockchain technology, he will eat his words, why said it now, now that Bitcoin has become so popular, this idiot is paid by international bank to speak and create fuds in the crypto world.

even that is give big effect to price now, only need time bitcoin price will rise again because the community is stronger than only 1 person who hate bitcoin like him

What can we expect for a guy who look for his bank interest first and making accusations in behalf of his greedy officials and government puppets. They were threatened and especially hated bitcoin a lot for they were not being part of what we called "golden age of bitcoin" and much profitable than any investment other than this. Let him be jealous about bitcoin and let it be his nightmare whole night long.

Bitcoin is way to powerful to stop. We are just in the middle of a market correction.  The banks are scared crypto will devalue the $1. So they are going to say what they can to stop it.  You can't stop it. How much crime is committed around the world everyday over fiat currency?  Way more then bitcoin. Crime is going to happen weather fiat or crypto. The banks and government are the most corrupt entity's in the world. They will remain corrupt fiat or crypto. Seems white color crime is ok though. People are tired of being taken advantage off by their government and the banks. Crypto gives the little man a chance.  

hahaha

he could not deny the market of those illegal activities

he could not see the future of irregulatary

Lots of these people  that are haters of bitcoin, saw that the price has really decreased, and start commenting as how it is a fraud and all. They are people that just come when bitcoin is in a bad phase and will disappear once bitcoin price starts increasing. I don't doubt these guys having some bitcoin with them also.

I don't think price is falling because of Jamie Dimon. China's ICO ban and now speculations of exchange ban is something which is negatively affecting the price. Also, Bitcoin price was increasing insanely in August and reached $5k in no time from $2800. This all shown a sign of coming crash and now so is happening. Bitcoin will eventually recover this month.

It absolutely makes sense that a big bank owner said that BTC is a fraud, since he doesn't want BTC to become a big competitor for fiat currencies.

The effect of the news is only last for a while, then it will be forgotten very soon :)

We have a lot of speculation news at the moment and they have some affect on a price, still as previously was said there is nothing to worry about, because price of bitcoin was growing to fast and it is just a time for a smal price correction.

Very true mate. People like these spread rumors for their benefit. He would have wanted to decrease the price of Bitcoin and that's why he would have made that statement. Whales are ready to make huge profits from situations like these but its upto us whether we panic and sell off our coins or be brave and hold our coins. The Bitcoin history shows us that Bitcoin has suffered huge waves like these and recovered all of the price drops then why do people panic and sell off all their coins.

I also think that banks want to spread rumors against bitcoin simply because its already gaining a lot of support from the masses and they think bitcoin is a competition that can possibly make banks obsolete in the future. That's why he fired his first bullet against bitcoin. But again, if you panic you are the looser here. So to everyone, bitcoin have showed us that it can recovered by any damaged and it will rebound once again and even go higher as the previous price. So its better not to panic but instead hodl on this kind of situation.

Maybe he called it fraud because of what happening in cryptos now its all going down including btc . They assume that bitcoin is always high price thats why now they are saying fraud,scam etc but no one can break bitcoin . Millions of btc users all over the world can you think it is a fraud now?

They say is a fraud because bitcoin + lightning network would render banks useless, and these guys live awesome rich elite lifes thanks to their banking system scam that allows them to collect money for life while doing absolutely nothing. They hate that common people are getting rich by buying and holding an asset that doesn't depreciate overtime unlike their fiat scam.

Let them crash market as many times as they want, bitcoin will always recover, there's always bull pressure and new floors will be found. Don't forget we were at $800 just a year ago.

We're bitcoin lovers  :-* and lets see what happens. Currently holding 2.0 Bitcoins in Blockchain and the fall may give me heart-attack  :o

I agree. They are now feeling threaten by bitcoin/blockchain technology that they feel they need to do something about it and the best way is to create panic amongst investor as we all know that he is very influential as head of JP Morgan. But just like you said, we always recover from all the issues being thrown our way.
The only thing I notice is the timing though, I'm pretty sure he knows about the current situation of the market and he's statement really put everyone nervous that's why the sudden dump and the price is nose diving as we speak.

Price is now near $3825 and testing another major support level. Bitcoin is all about china and Jamie Dimon made another panic to make the bad effect bigger. Let see what happens in next.

Major Support now 3726.xx and if the price can't brake it then we can see upward movements or if breaks down move. Very critical condition for Bitcoin VS USD.

In my opinion JP Morgan chief Jamie Dimon comment is frivolous, he just want to shake the Btc market. He is the only person who speaks negative about Btc on the other side millions of investors supporting Btc. He alone can not do any harm to Btc, very soon Btc will touch $5000 mark by the end of this month and Btc is not a fraud crypto currency. It is used by people's since 2009.

Hopefully he isnt stupid enough to buy the BTC himself as he said he would fire anyone who was caught trading BTC.  I would love it if someone could find communication to him or from him regarding the sale of BTC and get that leaked showing his true intention.  Would be a great news story.

You sounded like a retard gringo. Can you rephrase all you have said above? What the hell are you talking about the wall street? What strategy were you referring to?

and what the hell is " it is always this time of the year that bitcoin drops," that you were talking about? Wasn't it supposed to be the other way around? I'll be waiting for your response, retarded gringo!

Technology is to be loved not feared only those worried of change and loosing control are threatened. The so-called person that made the statement was either trying to save his grasp on control or trying to buy bitcoin for cheap. Never heard of him so im sure hes not in a position of such control. So the verdict he just trying to get the price down. I might make an announcement tomorrow

I watched this video, and to be honest I can not agree with him.

He says that when bitcoin becomes big enough and someone gets hurt, government will close down the exchange. But you can not stop peer to peer exchange, if enough people believe there is a value in BTC, then there is. You don't need law or an army to protect it, as long as people believe in it.

Jamie Dimon’s opinion of Bitcoin is tainted by his knowledge that it could one day put him out of work. Bitcoin and other digital currencies have many fascinating and complex features, they are basically a way of transferring money directly from one individual to another, or from customer to merchant.

Fraud is such a heavy word and it is not fair to state that bitcoin is fraud. I mean this seems like another propaganda, whales creating a feud so the small holders would panicked and sell their holdings. Fear of uncertainty and Doubt. They know the potential of this industry and as time goes by more and more people are leaning and being interested in the said business. This is just a strategy to rattle the people.

BTC vs USD ... 3731.xx holding major support and tested twice and couldn't break. I think this is a price correction not a crush and will be recovered soon.

This is just a fud and we can see that there are still people who have some weak hands and already sold their bitcoin because they believe that the price of bitcoin will continue to dump but they can't see that this is just a strategy for the people that got a lot of money to buy at a lower price and they are just doing this price manipulation for them to get some cheap bitcoins.

the more you are famous the more banya also trying to bring down, like china that has been illegal Bitcoin, but I still think, even though the price of falling bitcoin still have the price and can still be sold ;)

Traders: If it breaks 3970 start buying bitcoins.  ;D Lets make money.

Lol Bitcoin haters tearing pants…lmao. That’s the best he can do, and he won’t do more than that. He can go ahead and call it a fraud, but I better stay with a “fraud stock” that gives me what I want than a “genuine stock” that turns me into a retched rat. People keeps on saying all sort of rubbish about Bitcoin, and yes it affects it in a way, but it doesn’t take long and you will see it back to the top.

This topic has been already created by someone and i had answered them. I'd like to add more about this guy.As  we all know He is a banker and most of banker don't want to accept bitcoins.Maybe he is the one of those bankers  who really don't care about bitcoins and want this trend to down.You don't need to worry about this banker.Because  his words can't change the world and trend of bitcoins.

He is not only a Banker, but also a businessman, so he knows what to say in order his bank takes profit
I think JP has also bought cheap BTC

Jamie Dimon played his card very well in this chaos that we have seen lately. Why? Because it was later found out that JPMorgan has bought a lot of bitcoin when the price goes to $2800-$2900. So he manipulated everyone and saying a lot of negative things about bitcoin that cause the price to go down and it the price floor to $2800-$2900, the buying started that's why we have seen bitcoin has already recovered. So now we know that truth on why is he saying awful things about bitcoin. They are all greedy and took the situation to their advantage to profit millions of dollars.

I don’t think so it’s a fraud because developers of bitcoin will soon find a way to get through with this block chain technology which continuously becoming the major cause of price fall. It will soon regain its worth in the digital market then people will start again trusting bitcoins as a future investment for them.

Jamie Dimon represents his major investors and the country he lives in (USA), which, just like People's Republic of China, Russian Federation and many others is very much into banning whatever they fail to put under  control. At this point Jamie Dimon and his peers from all over the world  turn up and start influencing the exchange rate of BTC to make some money for their investors and to assure  everyone that either BTC shall be regulated by Federal Reserve System a/o Central Banks or Band as a "Fraud and Scam" due to being unreliable and dangerous for "real" assets. So the whole of cryptosociety should stay strong and act united to protect value of BTC...

Why are people surprised about what he said? of course he's going to say something like that.

Wouldn't you say the same thing if a better product was launched that would effect your own business.

What fraud?? lol :D, how bitcoin become fraud, if he said bitcoin is fraud so also said gold is fraud and stock exchange is fraud too. because they all same

I am pretty new person here, but I already noticed that this Dimon is a good speculator. He knows that he is a big figure in bitcoins world and economic's world generally, and he knows that people listen him cause of that. So after his "fraud" bitcoin fell even deeper and on the price's minimum JP Morgan appeared as the biggest bitcoin investor. Nice game Dimon! My applause!

Bitcoins value will continue to decrease for next 12 hours at least. The last time when I checked the value, it was somewhere around 355x dollars and that was the time to buy more coins. Still, it is the dip phase so it is the right time for not only traders but newbies also to invest in bitcoins.

All I can suggest is that "STOP LISTENING TO THAT PERSON". You should have already a second thought why that person keeps on telling that bitcoin is a fraud. It is very obvious that he just want to destroy the reputation of bitcoin to people. He won't be wasting his time on spreading that news if it's not for his own benefit. Bitcoin will never die.

I wouldn't say that bitcoin is a fraud, the price may drop very quick, but the same applies to when it recovers, the value just go up real quick. I further disagree with Jamie Dimon when he said that Bitcoin will eventually be closed/shut down, I don't believe that is true, since bitcoin is the most used cryptocurrency world-wide, it's getting  recognised by most countries in the world and they are now beginning to use it. There is no way it will be shut down.

What do you expect, he is a banker. He shit his pants every time there are news on Bitcoin or mass adoption. I expect more bankers to join him and try to discredit Bitcoin