Bitcoin Forum

Why Dimon has chosen to declare war now?

https://failedevolution.blogspot.gr/2017/09/banksters-officially-declare-war-on.html

If you've noticed the follow up news then you'd know the JP Morgan bought BTC during the dip.. Man!

Well he didn't actually buy any Bitcoin directly, he bought Bitcoin exchange-traded-notes. But Dimon said that anyone that has to do anything with cryptocurrencies will be fired so that is interesting.

Isn't it kind of ironic that a bank would buy BTC? Evidently, cryptocurrencies are a threat to the normal banking system. That's why banks don't want them to exist, and if they have to, they want to be the ones in control. This is precisely what I see as happening right now. All this means is that Bitcoin is doing its job at disrupting the current banking system.

If the banksters are scared of Bitcoin, then that means it is a good idea and opportunity to invest. Just my two cents  8)

Another war?

When will banks start a war against bitcoin
https://bitcointalk.org/index.php?topic=2078447.0;all

 IT is WAR. Split again. BTC will crash
https://bitcointalk.org/index.php?topic=2044865.0;all

When will banks start a war against bitcoin
https://bitcointalk.org/index.php?topic=2078447.260

The war on Bitcoin, How and Why? What you need to know!
https://bitcointalk.org/index.php?topic=2178956.0

Why banksters are now in war with bitcoin?
https://bitcointalk.org/index.php?topic=2173301.20

USA corporation declared war on Bitcoin
https://bitcointalk.org/index.php?topic=1993345.0

Forget ww2 and ww1 this is far more dangerous.
There is a war starting every 8 hours. Then it clams down then we have another war... ups thread...
And when we wake up after 3 cold beers we somehow find out there was no war and everything is fine.

It is because bitcoin is the main competitor for all banks.

Initially they don't perceived bitcoin as a imminent treat and banks are even the recipient of the digital ledger--blockchain technology. But when bitcoin become famous and well known and people stops trusting banks and moving to decentralized like bitcoin. They now see it as a threat specially when the price of bitcoin has been spiking this year alone. An astonishing 300% year to year increased. With that said, they can no longer ignore the facts, so they started to wage war against the biggest crypto currency of them all, bitcoin.

Hahaha bring it on banks !! You scared ?


The mans a fool,I don't know why anyone would listen to him. Unless he is very clever and did it to make btc drop. He would have made a lot of profit.

Money matters. I guess Banksters are just afraid of the great potentials of Cryptocurrency. These are FUD and i belive they are controlling the BTC value. Bitcoin has gained increased populaity now to investors on a global scale. It is certain that they are just protecting the interest of their business.

Russia is declaring a ceasefire using a government to government platform using blockchain technology. I think this will also concerns the controlling of ICO scams like just China did.

https://www.coindesk.com/blockchain-truce-putins-internet-adviser-calls-us-russia-cooperation/

a lot of people do not really trust banks, they would rather keep their money in their online wallet, Bitcoin is a threat to their corporate greed :)

Banksters officially declare war on Bitcoin! so what?

Banks really must do this war because they know what is bitcoin capable of and doing nothing is not an option, so fighting will borrow more time for some other people to still trust their system instead going to cryptcurrencies at the fast rate. within only 1 year span the value of bitcoin almost reaches times 9 of its previous value last year.

And the market cap of bitcoin already surpasses paypal's market cap last 2 weeks when bitcoin reaches $5,000 per piece, so with this being said if we compare the existence of Bitcoin versus Paypal, 18 years ago(Paypal), 8 years ago(Bitcoin), so Paypal is 10 years ahead compare to Bitcoin. Imagine what would be the market cap of Bitcoin 10 years more.

Let's just wait till this banks do whatever they can to bring down bitcoin as it is a really threat on their business, let the strongest survive.

I think that JP Morgan guys believe in oil and real estate, cause they made a lot of money from it. They are reluctant to new reality and they will get away like dinosaurs in years.

I also have seen a news that a cryptocurrency become a threat for banks while the transaction of credit and debit card are decrease year on year. So the bank starts a new transaction method called fintech to fix the problem. How do you guys think this will weaken cryptocurrency.

Thats a good news. Way back before 2011 bank institutions are laughing at bitcoin, but now 2017 they are crying out loud. I dont think private blockchains  will weaken the bitcoin. other altcoin maybe but not bitcoin. Bitcoin is a revolutionary currency for all.

The CEO of one of the world's largest banks calling Bitcoin a fraud is like the Post Office calling email a fraud.

It threatens their existence in a way that nothing ever could before.

Technology can be like that sometimes.

Adapt or die.

They won't go down easily, they've had control over societies for thousands of years.

And honestly, in the end, they will adapt.  But they will be very different than they are today and change is scary for many.

declaration of war? I think its not totally exist, because these two are all the same as business so how bankster can declare a war? all I can see are all fakes news, even bankers declare war to panicking their client to leave/sell their bitcoin to cut the losses but at the end those bankters who declare against bitcoin are those who are willing to buy/bought some bitcoin because those fake new they've create can cause of massive dump and to force bitcoin in to the deep and if that happen, bankster who declare against bitcoin are earn too much more from bitcoin because of these fake news, they can manipulate the price of bitcoin in the market, so instead of reading fake news, why don't you focus on what you doing before.

That is all they can do, attack bitcoin or call it fraud but they can never destroy it or make it stop. Bitcoin is the future and banks are like the dinosaurs they will soon stop existing because of bitcoin. You'll only hear them on history channel.

 :D declare war to Bitcoin , that same as declare war to community , we see what this man can doing , Bitcoin cannot die eventhough a country make it ilegal ,

bitcoin is rising fast and they see it as threat. they know what will happen if bitcoin surpass them and that is why bankters want them to fall. they see it as a competititon and they want to be the winner. they know they will loss a lot of money.

I mean honestly what are they going to do? Try and outlaw an investment they have made? Then again we saw how nice they play with each other during the financial crisis (literally betting against themselves to win).

Because they knew that the speed at which bitcoin is increasing, with time many of the customers will decide to pull out their deposit and goes into bitcoin.

^ I do not bother with his statement about declaring war on Bitcoin. we'll see if he can do it because he is actually fighting with the community. >:(

i think thats normal banksters declare war on bitcoin, understand ot that action of the bankers the why declare the war in bitcoin because of the insecurity of the bankers association may in the few years the old bank currency are closed and the bitcoin bank goes raised in the whole world iam not worrying about declaration og the bankers war for bitcoin.

Do you happen to have a source for that? Not that I don't believe you, but I'd like to see something more substantial than a post on a public forum to verify those claims.

It would be pretty epic if there was actual proof of this, it would almost invalidate his previous claims that Bitcoin is a fraud.

Well, He lies to hate bitcoin but bought a lot upon dips, banks don't declare war about bitcoin,

I don't read specifically to the statements of any banks that they will go war for Bitcoin or Crypto Currencies,

besides some of them are in interest to use blockchain technology to their businesses. The blog also exaggerate some things that the reason for BTC dips claimed on what dimon says, but in reality it is also the effect of segwits and china's Banning ICO.

These are all empty words. They will not do anything.

In this kind of war, the banksters have a little bit advantage on this one because they are centralized and that means that there is someone who are controlling the banks and that is the government while bitcoin is decentralized so there is no in charge to take care bitcoin. So if the banks will request the government to ban bitcoin like in China then it will be an automatic loss for bitcoin.

This is happening for a period of time already. This was expected since the day 1 of crypto currency journey. They will be defeated without any doubt.

All that China could do bitcoin already done) We must wait 30.09 september. But I do not believe that there will be a bitcoin drop to 3000

I think the users of the bitcoin is increasing now more than the banks and the banks are now afraid of the bitcoin currency it is making good place itself in the market of the trading and the investing so the banks really know about the future that what will happen if the banks will really go high a little more so they are taking it in the negative sense and they are taking it as a competition.