Bitcoin Forum

"Guess what? JPMorgan became the biggest buyer of bitcoin on September 15, 2017"

Breaking News: "PEEK A BOO JPMorgan, I see you!" (https://steemit.com/cryptocurrency/@cryptowarrior88/breaking-news-peek-a-boo-jpmorgan-i-see-you)

Ha! Unbelievable. Talk about fraud...

It's funny because we're all thinking the same thing: Jamie Dimon is shady as hell and was making sure that Chase could get in cheap! But at the same time, we all know that Bitcoin and other cryptocurrencies aren't securities. They don't pass the Howey Test. They have no "issuer." Insider trading applies to a public company's stock or other securities (like bonds or stock options).

So there was no crime here, even though we all know that's effectively what happened. He knew what kind of effect his words could have. And very few people knew what he was going to say that day.

haha, what else should have we be expecting from a bankster who is looking for earning more fiat from the gullible people!
and they did it successfully thanks to the bitcoin weak hands who did a lot of panic selling down their bankster's pocket. now they are a big whale among us.

Is this for real? It wouldn't surprise me if it was. It actually is a pretty smart move for someone with so much influence. If I was in a similar position I would likely end up doing the same thing.

 Haha he should resign from his own bank for that I think :P quite amusing to see how these big tycoons use their words to manipulate markets in their favour. This has began in crypto world too beware everybody.

Is someone going to sue Jamie Dimon and JPMorgan for misrepresentation?

And thats what happen when people has power and money at the same time, spreading fud to earn, marketing manipulation by the rich's.  It happen in every market with good margin.

Say it ain't so, Jamie?  Lol

If this is true, it is clear market manipulation. That's nothing new to Bitcoin, but normally the manipulating parties are anonymous. Now they're known!

What is truely amazing though, is people dumping Bitcoin after a freaking banker tells them to! The whole idea of Bitcoin is against bankers, if you understand the smallest thing about Bitcoin, you'd know it doesn't matter one bit what a banker thinks about it.

I stopped believing a word bankers say in 2008. Bankers' interests are opposite of my own personal interests.

This was my exact thoughts of what was going on when I first read about it, thinking he was secretly buying BTC the more he trashed talked it. Even if he didn't directly purchase it himself, the actions of his bank and daughter could still be considered knowingly taking advantage of his comments for profit.

Exactly, as much as it is a fraudulent in nature, there is no crime. I guess he really took advantage of his influence to stir the market and when the buying point is good and all conditions meet, they started to buy massive volumes of bitcoin. Its total manipulation and deceitful on his part. Yeah, I agree it smart move for a personality who possesses so much leverage to the market.

he just wants a low price to get bitcoin , but the way it was used was wrong. it only makes his image worse in public.
very funny indeed he made such a statement but clearly he has been caught the goal to where.

Just few days ago I was commenting Dimon's words and position to bitcoin and as everyone of us know it was negative and he recommended to not invest in bitcoin (!). That is just ridiculous how much doube-faced he represented himself after such words and yesterday's investment. Now I know the whale who moved the prices for bitcoin up. But now I wander will the price continue it's raise after this huge and famouse investment?

J.P. Morgan's CEO is simply doing business at which he is really good. First of all he created panic among the people when he commented that "Bitcoin is fraud" and recommended people to not invest in Bitcoin which resulted in crashing of Bitcoin.After this he bought a large number of Bitcoins at very low price and made J.P.Morgan to become biggest buyer of Bitcoin so that they can eventually control this market. It was a very smart move by J.P. Morgan's CEO Jamie Dimon .

Exactly, we have uncovered just one whalers now. Good to know!!. That's why I'm questioning from the very beginning the timing of his statement. We are already bleeding from the China news then suddenly he comes out saying that bitcoin is fraud etc.. etc. And its funny how this bankers contradicts themselves. In front  they are anti bitcoin, but behind the scene something fishy is going on. So JPMorgan is one of the big entity here and I'm expecting that other big banks as well.


He/They are already exposed and in my opinion the price will continue to rise because investors by now know that Dimon is a double face and shady as other big bankers out there. They are all greedy and manipulate the price to get the upper hand in the market.

That's how the rich manipulate the market since day of the Wall-Street trading.First they oppose,then they try to ban,later they buy it themselves ! I wonder where is rocket going to take us this time.To the moon ya go!

On a darker side,I'm getting nervous.What if such big financial organisations start buying big ? Will there be place for normal traders to even exist ?

Shame on him hahaha... I sense that it was a trick for them to buy more as Dimon knows how the business went thru. But honestly I really adore Dimon in terms of Financial management and trading. He is one of the big whales on the industry who really know how its work, when to buy and when to sell. But it is very frustrating that he put his self into bate to make a lot of profit. Just a sneaky move. Well bitcoin in going up and I am hoping that it will continue.

I cannot be sure how true is this. But if it is, then I think the pronouncement of this JP Morgan about this fraud thing about bitcoin might only be some kind of a bait for weak people to let go of their bitcoins. This is one dirty strategy of this banker.

Haha I knew it, there is something that's going wrong when he said that bitcoin is a fraud. I wonder what McAfee's thinking right now after giving Dimon some advice with his interview on CNBC.

Dimon is market player and he knows how to make business in the market, giving some false information so that he can take the chance and advantage.

Later on, we'll see on the news that he's eating his words, "Sorry guys, bitcoin isn't a fraud. I just made my thousand bitcoin purchase when the price is low."  ;D

the bankster did what a bankster must do. they lied, they invested in something that could make them a lot of money and they took advantage of their position to open up a golden opportunity for themselves to buy in.
you can't blame then for doing his job.

what you can blame are people who listened to that bankster's bullshit and closed their eyes and ears to the reality of the matter.

Good job, so never believe the bankers

Exactly, If people would just used their mind and wouldn't listen to this bankers, they shouldn't lost in the first wave. But there are people really who are easily swayed specially with the likes of Dimon, who is an authoritative and everything he says is legit. This is another profit that we don't need to trust bankers because of their manipulative and cunning. We can smell them from afar, so its gonna be a painful reality for those who have listen and believe this guy. They have lost their positive and they, bankers are now reaping all the profits.

He fulfilled his objective to make the market fall with the timing of china banned exchanger
It's up to us either to join this wave to buy or busy to blame him for his behaviour

It is definitely real. I'm Swedish. Here is the full screenshot and the link. It shows the same right now.
Nordnet is very reputable. The financial instrument is a Bitcoin tracker.

https://imgur.com/hNr92gj

https://www.nordnet.se/mux/web/marknaden/aktiehemsidan/kursdata.html?identifier=109538&marketplace=11&inhibitTrade=1

This is soooooo FUNNY !!!!!!

I noticed that something fishy is indeed going on when one of the world's leading banks releases a negative statement about an asset that's being invested on heavily. It's funny how Jamie reconsiders such a decision within a short span of time (~3 days) and become one of the largest buyers of an asset he once trashed (though it is yet to be confirmed by official sources). He's one smart guy, riding in with the China uncertainty plus negative remark = massive sellout for them to gain entry. He truly is a bankster.

The fake accusation for bitcoin by JP Morgan was all just a strategy for his team to buy some bitcoin for a very low price because we all know that he has power in speaking something about bitcoin and because of his words the price of bitcoin goes down and he just bought some bitcoin and the price right now is moving up and that is how he got some cheap bitcoins.

He first talks shit about bitcoin and threatens to fire anybody that uses bitcoin in his bank/company then the prices go down and now this ? This is so shady but i hope these are false news cause i don't want these corrupt old bankers taking the wheel of our bitcoin...

He is one of the most big liar because he told that bitcoin is fraud actually he is fraud.

He did a great show, and the impact was immense.
but should thank him because some traders get a cheap price. and today a lot of money we have. hopefully he is a long life.  ;D

if it's true, this will be a lesson to the weak hands, so as not to be easily influenced by the opinion of bankers

They make a negative opinion to create panic in the market , it is an old strategy

Bitcoin dumpers after a freaking ban for them! TBitcoin is against the bank, the smallest bitcoin thing, one of the things that a bank does not matter at all.
 He really uses his influence to stir the market and when the point of purchase is good they start to buy large amounts of bitcoin. Totally manipulate her and cheat on her part
Now I know whales have turned up prices for bitcoin. But now I wander the price will continue it rise after this huge and famouse investment?

This Jamie Dimon is salty that his JPMorgan Chase is taking a 20% dump this quarter and is shit talking BTC.  He'll be jobless soon as JPMCh's clients let him have it.

https://news.bitcoin.com/wp-content/uploads/2017/09/DJzRprIUMAAzMhy.jpg-large-696x609.jpeg
Just recently news.Bitcoin.com reported on JP Morgan executive Jamie Dimon calling bitcoin a “fraud” and claiming he would fire any employee from his firm who traded the digital currency for being “stupid.” Now it seems JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin.

Source
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/