Bitcoin Forum

guys im so disappointing , china government baned crypto and  bit coin price is going down and ive read this too ... what do you guys think  ?? >:( >:( >:( >:(

//The CEO of JPMorgan Chase Jamie Dimon has denounced the bitcoin cryptocurrency as a fraud, bound to fail.

“The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart,” Dimon said at a bank investor conference in New York.//

Do not believe in JP Morgan ..; they are trying to make a new ICO themselves : https://www.jpmorgan.com/global/Quorum -- so funny !!
ANd China is not the only marketr in the world and they won't be able to forbidden a long time ...

I think that all of them share their interest in keeping all the money to them selves.
Am sure that our community is stronger so wont get so affected by press

First they try to destroy you, then they try to imitate you. At the end they join you

You guys really think that Exchanges Trade -real- BTC and Altcoin??

It are just 0's en 1's and they hold all your coins in their wallets. You are NOT exchanging real coins.
And I think -that- is what has to change!

That's kind of troubling. I'm not saying Dimon is right, but along with the crash, this could lead people to panic sell, which would induce another crash. I still believe Bitcoin will normalize to 5k, but recent events have been really tough.

China is one of the biggest contributor on BTC. If exchange will be ban on their country, then mining industry might be affected. What is the purpose of mining while you can exchange it? Maybe this is the reason why bitcoin is now dumping. Chinese are now exiting BTC

   JP Morgan did not said that, he died long time ago, it is one of directors in that company or corporation. Here is what I saw
in theguardian:
"Jamie Dimon claims cryptocurrency is only fit for use by drug dealers, murderers and people living in North Korea"
   It is how much he knows about bitcoin community.
   But people have a right to their own opinion, it is what I think. I heard about JP Morgan before, but after so many mentions
here on forum I needed to search more and find what is JP Morgan and it is:"J.P. Morgan & Co. is a commercial and investment
banking institution" He is in opposite team, his job is to spread lies about bitcoin and to try to slow down bitcoin somehow.

Jamie Dimon did a comparison between a Tulips and Bitcoin where Tulipsmania happened a very long time ago and take the fact that it is last only less than a year comparing to bitcoin that will almost reach its 10 years of existence, let the haters of modern technology say what they really want to say as I think they are just doing this to get something up to in their own advantage.

Bitcoin is not an immortal currency of course, down trend in price is just a normal thing I think when it comes to currency and in the market. How many times did we knew that bitcoin survives but still go up soon, trust cryptocurrencies and never mind the haters as they only want publicity, for free.

No. He doesn't known anything about bitcoin. Sorry maybe he known something like bitcoin use for buy drug, weapon. but he should known some people want transfer their money to other country can't use f*king bank because their gov control. Bitcoin is the only hope for them to get away some f*king country

If Chinese really exiting Bitcoin, that is best time for Russian become a next best place for miners invest to this field. Do you know Russian also invested to this field and want to pass China any time? That is reason China cannot ban Bitcoin.

its absolutely ridiculous to assume that anything cant survive or thrive because china forbids

meanwhile.. perfect for buying !

This is the crap thing Bankers do. They take the technology and try to kill the founder.

I think this is just a bullshit from CEO JPMorgan. he said like that for the price of bitcoin to fall, so he could buy a lot and poke it for the future. I see JP Morgan also has a cryptocurrency project. its only sensation

I think JP Morgan CEO hace a lot of bitcoin and he already sold it.
He hope by make shit news  on bitcoin it will make bitcoin going down to the ground more faster..
and he is ready to buy back the bitcoin at lower price.

Jamie Dimon is the same guy who stole $25 billion from the TARP fund during 2008. And he is thick enough to brand Bitcoin as a fraud? This guy is one of the worst scamsters in the United States. No one should take his words seriously. He should be in prison rather than enjoying his $30 million per year salary as the CEO of JP Morgan.

JP Morgan boss said as well that he would fire every anyone trading bitcoin.
I guess he would very soon be the only employee in his company then.
If he does not own a few bitcoins himself. That is not clear to me at the moment.

This. Plus he has no clue about bitcoin. Oh and Jamie forget to mention that JPMorgan is launching an alt coin.  ::)


https://www.jpmorgan.com/country/US/en/Quorum

Well if you look back over the years in 2015, 2013, 2011, you will see a pattern in these statements all saying the same thing: bitcoin will fail. But seems like the reality is otherwise.

I think we no need to worry about that cause in my opinion I think China government just do it to make some main coin price go down then they will have chance to buy them in lower price. The main reason why I think so is that the tax China government can get every month from Bitcoin mining factories in their conutry is very very big so I think they will not do anything to make it dissappear :))). Don't worry and just wait, I believe that Bitcoin price and all other coin will rise up back soon :)

how can BITCOIN fail wherein it created a humuguos amount of community? China is a big player why it's value is dropping. But take note there are factors as well why bitcoin will soar high up to $5,000 this year.

J.P Morgan's Dimon says bitcoin is fraud and will blow up. This statement is not true, because it is accepted by govt of most of the countries and it is listed by so many stock exchanges. So many exchangers have been generated in almost all the countries.It easy medium of investment.There is probablity for banking industry to increase earning by the way of exchanging bitcoins if they are the bitcoin exchangers. In one word J.P Morgan is trying to lose its own business by criticizing bitcoins.

JPMorgan is a big company but who the hell cares for their comment? It can create FUD but no way they can crash bitcoin price with just their mouth. Clearly those people care for their own institution and will not look for the positive sides to the things they didn't want.


Yes that will make sense. :)

JPM is a bank, why would you expect Dimon to say anything else?  Running JPM means there is no way he has the time to dig in and learn what makes Bitcoin work.   Does he understand asymmetric key pairs, digital signatures, hash algorithms?  People like Dimon will come around if things go well.   The real threat is going to be the US Congress and the Federal Reserve Bank.  As soon as they figure out that the exchanges are  the single point of entry for most, they will attack.  Unless I can use Bitcoin for commerce with every day items, the exchanges are the only way to get money in or out for any thing I need.   At this point it's just a tool for speculation.  Congress has the power to keep bitcoin in the arena of the blackmarket and money laundering.  Anyone who thinks differently needs to look at history.  Congress has become a monster and bitcoin is in no position to challenge it.

I don't think it will happen, BTC is long term

Yes no doubt bitcoin is being there from past 9 years now and the reason why I feel that JPM CEO said that bitcoin is fraud because the way prices were kept on rising after 1st Aug event. It was continuous one side upward movement and thus he would have felt that this is nothing more than bubble and does not have any base to exists in future.

Bitcoin will be worth approximately$ 5,000 in early 2018, will continue to be a small increase

This is only one part of what he said.
The media mainly refer on his statement that in his eyes bitcoin is a fraud.
But he said as well that bitcoin  can go up to 100K! In the same interview. That point is mostly missing in the news I read.
I guess bad news just sell better...