Bitcoin Forum

Enough of double standard!

http://preview.ibb.co/e9Sdyk/main_qimg_a1448893848c20c81227cab4f648a2f1_c.jpg
http://preview.ibb.co/gcGcr5/main_qimg_fbc8d5413bd101d0817478bf16887445_c.jpg

They will be writing me a check next week when I close my account.      ;D

Wasn't there just a thread with this graph? Could be seeing double.
Seriously, if this is accurate, what do you expect from a wall street
giant like JPM?  That's what they do, talk up/down their book. And I
think they can get away with it since the SEC doesn't regulate crypto
like stocks, i.e., they can manipulate it through comments like they
made.

They're just playing the same game everyone is playing

Didn't check whether it was uploaded before.

Anyways they are playing nicely with the market. Manipulating it for their benefits and crushing the small investors by creating a panic in the market.

Jamie Dimon finally earned a fortune to his daughter who was supposedly being mocked by her father of being Bitcoin enthusiast.

If what you are saying is true, then Jamie Dimon must be investigated for inside trading and fraud. This is not a silly matter. As a result of his irresponsible statements, he caused financial ruin to many hundreds of thousands of people. If it can be proven that he made the statements in order to help his daughter, then both of them must be sent to the prison.

He said "my daughter made some money off of Bitcoin, and now she thinks she is a genius"  during his Kodak rant.

Haha this really funny, after the ico ban of china then jp morgan added another article or statement about how bitcoin is bad for investments and now seeing them bought some bitcoins when the price is down is really funny and the same time jp. Morgan is genius if this is really true.
Mainstrean Media really influences a lot of bitcoin holders they can even put a show to manipulate bitcoin's price!

JP Morgan is simply doing business at which he is good, first of all ge created panic in the people when he commented that "Bitcoin is fraud" leading the price of the bitcoin to crash so that he can buy that at low price, then further they are trying to capture the bitcoin market buy buying most of the them so that they can eventually control this market. There is no double standard in this every powerful man wants to keep the power with him at any cost so he did the same, I will call it as a smart move rather than being Double Standard.

Oh yeah, indeed a smart move!
This is not a simple business but a dirty tactics. If this isn't double standard then what is? Banks are expert at enjoying over others hard earned money. This wasn't ethical at all.

Should it will prove that JP Morgan people taking part in trading crypto as mr. Dimon has made that notorious comments, a big stink could happen. A lot of question would arise concerning this matter in a case of big short in american banking.

It is a good trick to caused the values of bitcoin to fall sharply, maybe the CEO of JP Morgan wanted to buy some cheap bitcoins from the trading markets but the price of bitcoins just kept on rising and that is why he made those silly comments to trick some bitcoin traders into panic selling mode and it seems he succeeded.

maybe? they already spread their FUD, crashed the price, made their purchase and became a lot richer than they should have been. they knew very well that the dip was temporary and took their positions in the market then unleashed their dog on the media to bark at public and public was successfully filled with fear.
a couple of million dollar profit in less than week is a pretty sweet deal.

this is another proof and i get this picture from telegram.
@crypto alert

https://i.imgur.com/133HpnZ.jpg

When asked about shorting BTC due to it being such a bad investment, Dimon explained that it was heading to $20k before it implodes. ROFL!

Trying to disrupt the market and benefit from it ! They just took advantage of he China banning exchange, and then someone from them said it was fraud, which had some influence in how the bitcoin value decreased. And now, they are buying them. Maybe they think it won't go below this price, or they are buying some now and other later when it get a bit more down. It's exactly like what we do, except they invest very much money at once.

This guy man, I dont know what he is up to but its something very fishy, he is talking good and bad about bitcoin causing people to panic a little bit, on the other side I heard he was buying bitcoin few days ago when price was down, not that its not down now.
So just lets hope people like that just dont get their dirty hands on cryptocurrency and bitcoin and that these suckers stay far away from btc, hes how a government is, buying the shit they talk bad about, damnit.

Some good comments on Dimon's speech here

https://www.cnbc.com/2017/09/14/bitcoin-fans-fire-back-at-jamie-dimon-after-fraud-comment.html

Like every big bankers he's afraid to have lost an opportunity and trying to get into at a decent price. Also, Bitcoin is targeting those 10 trillions on BVI, Panama and the likes.. guess JP has some interests there as well

These bankers are a bunch of criminals.  They are doing what they do best. Which is to mislead, lie and steal. Anyone who listens to them is a fool. I wish people would stop being ignorant. They will always try to manipulate the system. That is why it is important not to have weak hands and HODL.

I would call it mission accomplished.
After china news he spread lies about bitcoin which caused massive panic, he probably bought more bitcoins on lower price and now he is laughing. Bankers are not stupid, you know. They like money. He saw opportunity and took advantage of it.

Jamie Dimon is really up to something, I really think he just invest big in bitcoin and riding the wave of fluctuation with it at the same time giving statement like that he is just spreading FUD so he can surely buy more and when the right time comes sell all when the value goes down again, well just my assumption on thing that Dimon is doing right now, and many bitcoin enthusiast commented on jamie's accusation over bitcoin to be Fraud just like John McAfee said that Jamie Dimon is not an idiot but what Dimon said was so wrong, and Jeffrey Tucker believes Dimon's statement was irrelevant,

I do believe even if a company well known like JPMorgan are against bitcoin there are still many well known believers that will surely back up bitcoin.

That guy is just trying to create a panic situation among bitcoin community and he wants to take the advantage of the same. Guys I am telling you, its the golden chance to get some more coins and store it in your wallet. Definitely its price will rise . Its 100 percent sure or after one or two weeks later, the same guy JP Morgan will comment a favorable statement about bitcoin to surge its value after stocking enough coins for himself .lol.

Why, make more money out of it of course! That is what most bankers are good at: call somwthing fraud and buy in after they get a promising entry. Look, after the said pictures of JPMorgan buying some bitcoins surfaced online, they haven't released anything to disprove it, meaning they really are into it after all.

Typical Wall Street capitalists.

It was also said by Dimon that Bitcoin could hit $100,000 before it crashes. So what we have here is subtle pumping while FUDding. These bastards helped to dump the price along with the China ban thing to make newbies panic sell on their lap, now they are loaded up on cheap BTC and it isn't going lower than $3000 again. This is insider trading textbook, I don't know how this is even legal, but then again Dimon is known for billions in actual fraud with mortgages and so on.

Such a huge scammer is JPM. This is unbelievable and unethical at the same time he such a jurk I never knew it. People with such a reputation will do anything to earn I am astonished. He is such a crab.
I wish there was any law where he could be sentenced for what he did to many people with his one fu**ing statement and look now he is the one who will be enjoying big profit from the bitcoin which he called is a fraud.
This man is a real evil. He is such a big lie. This is how they manipulate bitcoin market and collect bitcoin from others on cheap prices.

Wolf and sheep action. Unfortunately, a lot of people are sheep and smart people taken this opportunity to short as well plus we're just 70 billion marketcap that's so small considering it is a borderless currency. It's a combination of both, when we're in range of few trillion in marketcap. This kind of FUD would mean very little. They can FUD all they want today but they can't erase the fact that the fiat system is already obsolete and just a matter of time.

Yeah Dimon is right, bitcoin is for criminals, murderers etc. I don't know why he need to use such words but after being defended by John McAfee that bitcoin isn't only for those usage as it was replaced by XMR now in the dark web. He just want to manipulate the bitcoin economy and wants to tie his business to bitcoin and maybe he believes now to her daughter.

if people bothered to sit down and work out what bitcoin actually is, you know read the white paper, do some maths, you would soon arrive at the conclusion::

China is irrelevant
Dimion is irrelevant
USA is irrelevant
every thing is irrelevant excepting 2 things

only::

[1] the laws of thermodynamics, btc /crypto tech has less entropy that than the next best system (this is not to say some pos coin cannot beat btc itself, I mean crypto tech itself). And when I say system I mean alot of the financial markets, gov systems, education systems, system of companies, legal systems

[2] maths need to be changed itself to affect btc, your argument is with the way the universe is put together. If you don't like it go and live in another universe literally is your only choice.

knowing this you can see btc tech is going to take most of the money value out there. It's a question of when. A fraction of existing gov will be left and a rump of all the financial systems if that.

written another way people will see fiat as bad credit, as will countries as will all actors. Where they do not they will be disciplined by the market as their holdings are evaporated away, taxed away, seized or otherwise sequestered.

Jamie Dimon might not believe in bitcoin, but his customers do and are instructing them to buy on their behalf.

Also, JP Morgan have been trying to get an alt off the ground - https://www.jpmorgan.com/global/Quorum which is based on the Ethereum platform, and I guess they're miffed that their customers arn't interested and want to buy bitcoin instead!

Actually the problem is this only. Many people invest in cryptos because of the profit they are giving without understanding the bit of what they are. The worst mistake an investor can make is to invest without understanding the asset. These investors easily panic when situation as created by JPMorgan CEO happens and become the victim of such move. Jamie dimon played nicely and escaped from the situation ruining these panic sellers.

Never mind Jamie Dimon he is the one that knows the advantages of bitcoin better than anyone. the guys is a banker, so he knows a lot about money and trading fairs... Why do you think he's spreading negative FUDs about bitcoin for all this while? It's because he want to buy cheap coins and hold them, that's why. Dimon will soon retire and his bitcoin investment is what is going to feed him for the rest of his life. He has too much loans from the bank so he's looking for ways to cover his tracks and bitcoin tend to provide one. ;D


 

i don't think however if he is an early investor. he probably got into bitcoin when the price goes more than $1000 which is why he sure spend a lot of money just to get a lot of btc in his wallet. he can manipulate all tokens that catches his attention though.

Double standards.

This is what Banks and Bankers are good at.

What a surprise, they're attracted to the nasty pump and dump culture surrounding crypto, can you believe that?  ;D

I think this is quite typical in not mature markets: many people are attracted by a long-lasting growth. Even idiots can make money, simply make the bold decision to buy and hold :-) But then, whales come and they start to play professionally. Players who will survive, will be much better

they are being disrupted and worried to be left behind, now they were interested to consider alts on their business, dirty tricks and tactics can do good with them. business as usual people.

JPM Morgan trader lost 3bln usd in 15 min Big bans caused crash in 2008,many times JPM was suspected for money laundering,that what banksters did with money and economys it is more than fraud,meanwhile there was report usa debt passed 20 trilion dollar,better talk aboutbtc than usa debt and derivatives tic tic nuclear bomb

It kinda sucks how much these giants can manipulate the market to their advantage. With Bitcoin being the way it is, there's no way to stop them either.

A little bit of knowledge is a dangerous thing. He thinks he has a clue about bitcoin because he knows about legacy currencies. I think he really thinks bitcoin is a scam. That and because he missed out on it personally he can't accept the fact that it is the future.

No, if he really thought Bitcoin to be a scam or fraud, he wouldn't have manipulated the market for buying back at the end. He rather played smartely in two ways. One making people panic and getting the price lower for a good entry and the other diverging people away from cryptos because cryptocurrencies are basically against banks. He knows Bitcoin or cryptocurrencies in general are at some level threat to banks.

J.P. Morgan's CEO played very well. Jamie Dimon manipulated the market for his advantage .Firstly he was against the use of Bitocoin and he called Bitcoin a fraud. Moreover he  recommended everyone to stop investing in Bitcoin. This made Bitcoin price to fall down .Then he buyed large number of Bitcoins at very low price and thus made J.P. Morgan  to become biggest buyer of Bitcoin.

JP Morgan is the one who caused all of this FUD, along with China, and then when the price dropped they "changed their minds" and decided to buy Bitcoin - a total of MILLIONS worth of Bitcoin in a single few hours.

I don't see the problem in JP Morgan but in people who were listening to that and thought this realy could have the impact. Because of ignorance and lack if information too big importance was given to those words. And many were some hidden interests behind that but bitcoin users shouldn't fall for this so easily.

Jamie Dimon's daughter bought Bitcoin.

They probably coordinated it.  Jamie slams Bitcoin with his bashing.  Daughter scoops in and picks up bitcoin for cheap.

I agree he just stated his opinion, whether that is to confuse people or literally  discredit bitcoin to his gain is out of our concern. We have our minds and we can do research.  Besides he never told people to sell thier Bitcoins, just some rumbling like this and that.   Anyway I think it is clever way of accumulating Bitcoin from people who never do their assignment. (research) before making a decision.

Jamie Demon is a liar. That's all that it is. $3200 and around that price is an excellent buying point.

My guess is the price will stall for a week or so then, afterwards, will continue upwards.  That's my guess. Now and the next few weeks is an excellent buying point. 3 years from now, we won't even remember this day.

See this is what investors do, try to manipulate the market, they very well know what factors influence the the prices and the markets and how big can their profit extend to, they plan it out accordingly and implement it, it works and they complete the rest of the plan. And it's the people who act foolishly and then pay for the consequences, so many people say don't sell bitcoin whereas they themselves end up selling what they have afraid of a loss, pathetic investors seriously.

Unless there are more disrupting news from China. Don't forget that most of them haven't sold or we'd have a much bigger dump to deal with. I think they are remaining positive, sitting and waiting for the government regulations. If those regulations happen to be very strict more Chinese holders will sell which could retest the bottom levels.

Did any of you think that daddy might be buying daughter's coins just for fun?:D You never know with a loaded freak like him.

Is this possible, he is not playing fair in that case but with his millions and a lot of lawyers behind it, he can get away with this, but anyway he indeed commit a controversy and a scandal with his statements but Bitcoin now is getting back and what happens is another entry to a long list of Bitcoin obituary.

We all seen this coming after their announcement. Very easy for the big players to reap big rewards when they have alot of capital behind them. Just like anyone else they have a fear of missing out and any opportunities they have to increase their foothold they will take same as any of the big financial institutions.

You knew they werent going to go down without a fight. Hurts us short term, but we are bouncing back for a big rally in the long run!!

What website was that the charts came from please..

Haha this makes me laugh since JPM apparently wants to work with blockchain technology. I don't know whether I should take JPM's assumptions about bitcoin seriously, especially when I see how much they invested in bitcoin... Could it be fake news or encouragement for people to sell so they can buy more?

A little bit of both, it seems. this was designed to reduce confidence, that is, bring the price down. at the same time, the obvious incentive for bringing the price down is so that one can buy more. to be honest, shit like this should be illegal, as it is with normal, regulated securities. I cant go shit on someones asset to drive the price down just so I can buy it, this is the definition of market manipulation (esp with the subsequent trading that JP did after their statement). its funny, he shit on bitcoin in one sentence, and then admitted that his daughter had invested in bitcoin and did well in another.

i think he has butthurt ;)

Is anyone surprised by this move?  They probably just made a bunch of money!

Weren't people talking about how JP Morgan was literally causing this crash by releasing a bunch of statements that were intended to wreck the value of Bitcoin, so they could buy more? Didn't people already know about this?

It's not even surprising that they're doing something like this, it was almost guaranteed that their statements are designed around making Bitcoin lose value so their own interests would be furthered. Seeing them buy up like this just confirms what people have been saying for the past few weeks. Maybe they just picked up on the signals faster.

They just want low prices as anyone else.

Yeah probably he is trying to do a extremely FUD to be able to buy bitcoin at a reduced price, that is why i have beeing investigating among the past days, and that is the most fair theory that i have.
Remember that bitcoin touched $2980 in the past days, so it was a great fud... A lot of people could buy bitcoin at that price, and now it is upto $3700 each.

Mr Robot has the right idea! :)

They want monopoly the bitcoin, when people sell they buy all... lol. classic strategy. 8) ;D

I think it's time that the members of the bitcoin community starts to close their Chase Account, damn we go can drive that stupid bank if we all act together and i believe the reason by the recent nose drive by bitcoin is sorely because of the China issue, People don't listen to Dimon he is a nobody.

I agree if he has touched bitcoin or is holding any bitcoin even via his securitys department and he has publicly called it a fraud to cause market panic and that price drop then that is illegal.

dose anyone recall when he bought 500,000 shares in his own bank to try boost income

http://www.marketwatch.com/story/ceo-jamie-dimon-bets-on-jp-morgan-chase-to-the-tune-of-26-million-2016-02-11

Also very very on the line with the SEC and others he is a class one fraudster in a suit.. 

JP Morgan is just telling us that bitcoin is fraud but deep inside he is trying to get a discount on the bitcoin price and that will work if he is going to tell something really bad about bitcoin and if the market reacts and dump a lot of bitcoin then he will just go buy a lot of bitcoin and go for long term and that is a classic strategy that is always been done by the late investors.

DEFINITION of 'Marketing Fraud'

Illegal practices perpetrated by a company in the promotion of a product or service. Marketing fraud often centers around making false claims. This includes exaggerating the qualities of a product or service, selling imitations as the genuine article, or hiding negative aspects or side effects.

Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses,



Let's see how he feels when the authority's start digging into his bitcoin trades for his company.

You can't go on national TV and the media and say "Bitcoin is a FRAUD" then in the background have your company dealing in it..

Its fraud at the highest level!

I will be sending letters to every financial conduct authority in the USA to have them look into if.

1. He is aware of bitcoin trading in his company
2. If he holds or has any department working in the bitcoin industry.
3. If he holds or has traded bitcoin at any time with JPMorgan & JPMorgan Securities bank funds.
4. If his securities firm has any fingers in the bitcoin pie.

If the answer is yes to any of the above he has committed market fraud and he must be investigated along with the bank JPMorgan

Not only that he has in the past been known to "buy" stocks in his own bank to "inflate" the adoption and to "manipulate the market"

I think we should teach him a lesson in a big way if enough people send letters to the regulators below if you lost money because of his actions on national TV and they also reported that the dip in price was because of his statement then I would seriously look into having this guy turned over and his pockets empty because I can assure you this guy is a criminal.

    Securities & Exchange Commission (SEC)
    Commodity Futures Trading Commission (CFTC)
    Federal Reserve System ("Fed")
    Federal Deposit Insurance Corporation (FDIC)
    Financial Crimes Enforcement Network (FinCEN)
    Financial Industry Regulatory Authority (FINRA)
    Office of the Comptroller of the Currency (OCC)

Jamie Dimon is a fraud. So it's ironic he would say that. He bought the dip after trashing Bitcoin. This is nothing new though, bankers have been doing market manipulation for centuries.

Its pretty simple.  They are masters of manipulation.  They make money.  Its their job, and their reason for being alive basically.  They will sell their own mother for profit and bitcoin is childs play for them.  Accumulate a couple million of bitcoin over time, start negative news on bitcoin, trend it everywhere, then dump those millions at the same time, buy back when lower, rinse, repeat.  Im guessing here.

I think it's an effort to stabilize the value. It seems like it's the only commodity out there that has a value based completely on rumors at the whim of the buyer. Bring it in it to the common market area might actually have something that can build a foundation under that value and give a steady reason to why it's this price this day and a different price a different day.

I think that he didn't purchased any coins during the dip, but his daughter did. He has previously mocked his daughter, saying that she is a Bitcoin enthusiast and that she is over-confident about herself. Even if it can be proven that his daughter purchased coins during the crash, it will be very difficult to link the transactions back to him.

This useless Jamie Dimon can't handle the 20% loss they're taking while investors are flocking to Bitcoin.  He's an idiot and will be jobless sooner rather than later.

They're just like insulting their own smart clients and they're getting fucked now that the truth is coming out as to why this toddler minded-ceo is doing this.

I understood at that time when jpmorgan told that what is bitcoin and it has no any existence. he was just giving lie speech against the bitcoin. At that time people did not use their mind and selling their bitcoin fast and jpmorgan was waiting bitcoin down to its buying price. after they bought 19000 bitcoin at low price. people can not understand the strategy of these these market manipulator who can turn the any market by their fake news. that's it.

I will call it the completed task. After China reported the lies about the shock caused great panic, he probably bought more bitcoins at a lower price and now he is laughing. Bank is not stupid, you know. They like money. He saw the opportunity and took advantage of it.

Cryptocurrency market is still very small for such financial holding like JPMorgan. Look at the figures http://www.marketwatch.com/investing/stock/jpm/financials/balance-sheet It's just PR or something else, but not manipulation for cheap buys

I agree and this is so true, they are just manipulating the market and now creating a mass panic at the market because obviously it'll bring down the prices of these coins. And then they will buy the coins dumped by small investors and newbies panicking because of the huge difference of the price.

They are just doing their job.
Their job if anyone wonders is to scam and steal money. They are bankers. That is how they worked for the past 100+ years.

We already learned our lessons here. Never trust bankers no more. Dimon is very calculated and cunning and his timing of the announcement was perfect. It's really how they operated I think, they are very opportunist and will grab it just to steal and earn profit for his and the company. Good thing though is that we have uncovered one of the biggest manipulator of bitcoin which is JP Morgan and their minions. I hope that casuals was able to buy in the dip though, just be cautious and not fall for the trap that those manipulators have laid out.

there are a lot of big players in bitcoin, many of them with a lot of power and they surely try to take advantage and do their best to benefit as much as they can from bitcoin. we must not let them. instead of dumping to their pockets we must use our brains! if you can not afford then don't invest in bitcoin in first place. panic selling is just giving more power to whales like them. they become richer each time you panic and sell underpriced. but if next time instead of panic you buy at the bottom the whales become smaller because they have to buy at a higher price then.

Don't let the whales shake you out of your HODL!

We knew this would happen.

Hang on tight.

😊

As we all know if anything that become famous the hatters will born automatically to degrade this those who have believe in bitcoin will never get into such debate they all know the advantages of bitcoin. Those who are spreading false information they don’t want to see people pro don’t gave such an importance to the views of some mentally retard person just stick to your aim.