Bitcoin Forum

with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me

hahahaha...if this is indeed true then we must find a way to kick him out...he is so lucky this is decentralize

Maybe, maybe not... just because someone created a meme and posted it on the internet doesnt make it true!

After all he just showed the high volatility and infancy (of the investors as well as) of the crypto-markets current state once again - whether he profited from that or not.

It's again rumour there is no solid proof even this kind of statement will increase the confidence of bitcoin holder and cryptocurrency supporters . Whatever it may be bitcoin will hold its original value soon.

They(not only JP Morgan) do it all the time, manipulation by news(say bad things when they want to buy, then change the tone when they want to sell) and play with inside information, specially in 3rd world countries.  

Of course with bitcoin the manipulation was more explicit because there is no law against market manipulation and inside information with BTC and people know almost nothing about it, so it is easier to bullshit around and convince people.

The last days have been, let's say, didactic in this aspect.

well for me i just dont trust that guy any more....i think he is just using his influence to manipulate every market he want which makes him a cheap guy

he is a monster of lie. Don't ever talk about him he is a big cheater ever in life i see.

That is what I think of it also, lol. This Jamie Dimon guy is a true Demon when it comes to business because he knows that his company is one of the reason that impact the recession last decade in the USA and he is thinking a best way to get back to track and here he goes. He just wanted a publicity and go with the flow to what is happening with China right now so the price of Bitcoin will be more buy-able for him.

Would you put it past them to do something like this? I certainly wouldn't!

Do you have a link or where do you known the information JP morgan buy bitcoin ? :D

They do really see this as an advantage this is why they do say things which actually on the things that they are doing.Just been said He said that Bitcoin is a fraud but actually behind it he do purchase bitcoins as much as he can since it was still cheap.Opposite thing indeed and later on words would really be different for sure.Its not surprising actually.

What is surprising is how this is not illegal, I mean, it's not really surprising since these billonaires control the system itself and can always get themselves out of jail, even after scamming people billions:

https://www.vanityfair.com/news/2017/09/jamie-dimon-billion-dollar-secret-jp-morgan

Anyone can see how it was obvious insider trading. Im sure that Jamie Dimon's daugther had a short set before his dad went on mainstream media and scared investors off Bitcoin, then they bought it back and once again hodlers won and panic sellers lost. The only way to defeat these criminals is by never selling BTC.

they create panic at any given chance and all because they want to take our coin out of our hands......the rich always want to cheat the pool especially in the third world

Sadly. It can still be abused. I'm still confident these people would eventually leave when they had their fill. Just frustrating that people like these can bring on a recession and not suffer. The switch to cryptocurrency is mostly so we can be free from them but looks like they're still tailing to relieve us of our money. There need to be some French revolution shit to happen to dislodge these parasites.

Insider trading would be more like a core dev shorting Bitcoin right before a patch goes up that he knows will break it. How is Jamie Dimon an 'insider' when it comes to Bitcoin? His comments and the resulting price movement just prove that there are many people who don't really believe in Bitcoin and just want to get in for some easy money.

Before they create news about Goldman Sachs then now JPMorgan.  ;D
It looks like a big scoop just so the trend could go up.
Well thanks to them they made bitcoin more popular since JPMorgan is a big name for many investors. JPMorgan might not buy bitcoins but their investors could have think twice and go on with joining the crew,

not the first time someone said something and not the last time something will say something..

fundalmentals are the same..

life goes on.. and keep buying and hodling

I don't think that has happened but it may be true as well. Jemie is a smart banker. It may be possible that he tried to bring down the price by saying that bitcoin is a fraud and then bought a good amount of bitcoins at a lower price. Anything can happen in the corporate world. This kind of manipulation is very common around the stock market.

However, I doubt that JPM will ever invest in crypto coins because I believe that the legal status in USA is still unclear. So a bank will never take such regulatory risk with public money. It may be just a rumor.

This fits in perfectly with the pump and dump schemes in crypto  ;D

This is why we need regulations. If bitcoin was regulated, do you imagine the amount of laws JP just broke?

Yeah we need uncle Sam to take over, since they've done such a good job managing the US dollar, oh wait...

This news came from a verified source?

Deregulated markets. "Insider trading" isn't (yet?) illegal in the United States when it comes to bitcoin. Only with legacy regulated assets. The crypto industry is becoming more resilient to this sort of FUD. Fundamentals are stronger than they've ever been.

 That's why we shouldn't pay attention to James Dimon and his recent utterances because it seems to be targeted at creating FUD's in order to trigger panic selling so that these guys can also maneuver their ways into buying them cheap from us the unsuspecting public.

Yes, absolutely this should account for repeat character assassination of Bitcoin by Mr. Dimon..

Well, you can't do anything about it, I can't do anything, what do you suggest should be done so that JP can be punished for manipulating a free market? This is what it's like being in a corporatocracy, there is nothing that can be done to prevent something like this, especially in an extremely free market like the one provided by Bitcoin.

I would say that's exactly what he did, but I can't do anything so he can have his money and I really don't give a damn what else happens with it.

Sure there is, you fight fire with fire and spew FUD about JP to drop their stock.

I agree. Dimon clearly profited through his recent stint and JP Morgan must have made millions already. This is nothing new and such stints are common in this crypto world.

Of course, what did you expect? JP probably shorted worth billions before he put out his FUD statement.

These people will manipulate the price, they know somehow about the situation, so they give statements according to their needs, already bitcoin market was plunged due to Chinese ban at that time and this person stated that bitcoin is fraud which again added fear in that situation making people to sell coins. As a result price again dropped down which made these people to buy more coins. They will not be the same always instead will change their statements according to the situation.

I dont know exactly what they think. but maybe you are right. rumors are circulated deliberately in enlarged and misled. so that bitcoin values ​​go down and they can buy more cheaply.

JP morgan just want to buy all bitcoin for himself. I don't like him and I don't want his money.

Whilst there are big players in any market who are investing money that I could only ever dream of, there will always be manipulation.

Yes probably you are right, i think that all this mess was ended when bitcoin touched $2980 each one a few days ago, so everybody who wanna buy bitcoin at a very cheap price, could do it. Those are the advantages that those powerful mans have, the power of the manipulation on the markets. And they did it, maybe it was a very nice idea to spread that fud just when china did the same, so many coincidences.

This is no news whatever, when will it really get into the mind of people that bankers and the so called banking institutions are all money making fools who will kill just to make money. The people should boycott banks especially JP Morgan banks,we should close our bank accounts there.

If this is true, then he was probably trying to manipulate the market by making negative comments to drive the price down. It could have been his desperate attempt to get in on Bitcoin if he hadn't gotten in earlier. With the price over $4000 when he made negative statements, he probably regretted not buying when the price was much lower.

This is probably true of a lot of people that didn't believe in Bitcoin and thought it would fail. They waited until the price was too high to make a fortune. Now they have to settle for buying in the thousands and still making a profit but one that isn't as big.

JP Morgan is one among many who want Bitcoin. But if we see yesterday, he deliberately said Bitcoin is a fraud. And as a result he managed to make the news spread that ultimately makes the price of Bitcoin down. and the next day, he became the biggest Bitcoin buyer. What an amazing manipulation.

hye is a smart banker and am sure very soon he will make another statement whihc will say bitcoin is the future and he made misjudge it mistakenly due to uncompleted search work provided to him

Hah your belief if true I am afraid. They played the market damn well with their reputation.

In fact I have often seen organizations like JP Morgan and Goldman Sachs often throw such statements to buy massive amounts of shares for cheap.

This is just the beginning of their follies for the crypto market.

jp morgan know exactly what he want and know exactly how to get it that what he did

The last time I check the CEO was giving bad words to Bitcoin and call their employees who buy Bitcoin as stupid people. Right now if the rumor is true he is being a big hypocrite.  That he should stand by his word which he said that it is against their code when they by Bitcoin, he should be stepping down as a CEO when proven guilty. I am not against price manipulation as many people can take advantage but what he did is lying to everyone.

Now bitcoin price fall.but it was not this position or some days ago that  its was not good position.it was low price. slowly to be Bundi it price. so no tension bitcoin is always hero,again come to good days.

That's quite a strategy, isn't it? I hated his harsh words pertaining to btc being a fraud and all but I don't hate him. His words (in time with the China news) may have impacted the trend in a way. But then again, if you'll notice how happy the traders are with the recent dive you'll understand. If you're a trader then this past few days are "the moment" to buy in more. And admit it or not some of us here are happy traders too who benefitted and took advantage of the moment to buy more coins to trade for the coming weeks.

I think that we are thinking to much to JP Morgan statement.
This is just an opinion, and we have read about hundreds of negative opinion on btc during the past years. But I am not scared by these words, it's like a personal opinion, there is any real influence on bitcoin.

JP Morgan didn't buy Bitcoins (at least it's not proved). All of us should read the news stories more carefull, read between the lines and analyze the content.
Just google for Bitcoin Tracker One, that's what they were buying...

I care less about what JP Morgan says or do, if an event or rumour causes a dip in Bitcoin price, the proper thing a trader should do would be to take advantage of the low prices and sell at high price. The question that should be asked is thus : What did I do when the price dipped?

We certainly see some recovery happening, but I am afraid that current situation might be only a first stadium of series of crashes.
The current crash was caused by JPMorgan and ICO Ban in China, but what do you think will happen after China will cease all Bitcoin to yuan trading activities?
I am worried that we will see another wave of price crashes by October's end when Huobi and OKCoin will halt trading yuan-BTC pair.

He knew his statements will cause a ripple affect, because he has done this before and the price dropped after he made these comments. His own daughter is involved in Bitcoin, so he might have done this to either boost her investment or to destroy it. He also threatened to fire people, if it came to light that they traded in Bitcoin.

How is this not insider trading? He knew his actions will cause people to dump coins and this will bring down the price. 

JP Morgan has a classic strategy and that is saying or telling some negative thoughts on bitcoin and he just wait for the price to comedown and when he saw some good entry for bitcoin then he just buy a lot of bitcoins in the market and keep it for long term like the other bitcoin investor and enjoy the profits of his investment in the future.

I do not know how far the rumors are correct and since the internet is crazy about making conspiracies everyday which is nothing new and they seem to spread like wildfire as any other rumor. The fact is that banks will collapse if the currency is replaced totally from fiat to bitcoin. However this is not happening anytime soon and people should not take such facts for granted every time they see something happen. Maybe he did want the market to really a bit - who knows? But this may also be just a fake news so that the people spreading them get a better social engagement. After all social engagements is what the internet runs on in today's world and not genuine news.

Businessman doing business. This type of strategy do really work trying to put down someone or something in favor of their own interest. This is one used strategy by banks to manipulate the market somehow. Giving out statements such as Dimon did, contribute in the depreciation of value of Bitcoin so that they could bought for themselves. Hereafter buying they'd for sure release another statement to counter the first one. Definitely the price of Bitcoin would rose again, then for sure they gained more than they bargain for.

After a Few Harsh Statements from Executive Jamie Dimon, JP Morgan Ltd., and Morgan Stanley Purchase Bitcoin ETNs
According to public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought roughly 3M euro worth of XBT note shares. Interestingly after the recent regulatory crackdown in China, and the statements from JP Morgan’s senior executive Jamie Dimon talking trash about bitcoin, his firm bought the dip on September 15. In fact, out of all the companies on the list, like Goldman Sachs and Barclays, the JP Morgan team of buyers purchased the most XBT notes.

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

You can't criticise somebody for actions like this, weak hands can only blame themselves for being manipulated by what somebody else says.

Jamie Dimon has a right to say whatever he wants about Bitcoin good or bad. A bunch of you are angry at him because you are biased. One, he is a banker. Two, he said negative things about Bitcoin.

John Mcafee said one Bitcoin would be worth $500,000 by 2020. Does he really believe this or is he spreading GCA (greed, certainty, and appeal)? Nobody is getting mad at John for trying to promote Bitcoin. He has great financial incentive for this just like Jamie has financial incentive to bash it.

People are allowed to say what they want. You can hate Jamie if you want to, but it doesn't make what he did by any means, punishable or even malicious.

At least Jamie Dimons has a reputation that makes him very credible in his field, if it turns out Jamie Dimons is just spreading rumors and still investing in bitcoin, it will have an impact on his reputation as a banker. You can not indiscriminately spread rumors especially if you already have a big name.

What he says has a huge impact by investors who are still in the learning phase. and there are also many negative concerns in the market these days.

If you want to play, it is not appropriate to make vulgar sentences in public, if JP-Morgan one day is still proven to be involved in the crypto market, then social punishment will be accepted.

What i see herr is that jamie dimon still gets most of his income from jpmorgan, he is just trying to protext his livelihood, i think he was just used, ghey made him say things against bitcoin in order to make bitcoin fall, and they also capitalized on what was happening in china, i believe that even jamie dimon himself.knows what bitcoin is capable of and what will become of he future of bitcoin, as.of now they had just managed yo bring the price of bitcoin down, but didn't eliminate bitcoin at all, i yhink at this time he alrady bought a lot of bitcoins, since as an investor, you don't criticize nor bad mouth an investment, rather you study it and take risk, even if you know it has a high volatility rate. In what i see here, jpmorgan just want to have more bitcoins for themselves, and bad mouthing it, might lower the price down, just like what mark cuban did, i think we'll also be hearing an ICO from jpmorgan the next time.

one of the reasons why i say JP Morgan is heavily invested in bitcoin is because they know the market pretty well!
the timing was phenomenal. their CEO could have come out and call bitcoin a fraud anytime he wanted but he chose that particular date. why? because market was already on a downward spiral and the bottoms were being tested. it just needed a nudge. and they gave it to bitcoin.

now THEY have earned $1000 per each coin they have bought.

Probably that was a scenario and "sheep" helped them to make it happen.
I don't understand why many users react so fast and naive on every published information or statement just because it comes from source like JP Morgan. And what are their actual competence for making such statements about Bitcoins.

I almost felt sorry for dumb people dumping Bitcoin, they could never realize what is Bitcoin and probably never will, while it's a software following the

Code and only does whatever the code says, people only look at others to see what they think and what they say, they will listen if the person is a well

Known investor and is a successful person, these successful people know it and they take advantage when they can. what the fuck do you care if he

Said or didn't say something? so many day traders are holding so many Bitcoins, they will dump when they hear a fuss.

There are some people in the world of big company and there words effect to the market.they are the manipulator.like a JP Morgan a few day ago JP Morgan say what is a bitcoin and this is a fraud.they just said these word. And it's completely effect to the Bitcoin price in a few hours. Bitcoin price droped down to $500 to $800. But after some hours they bought  huge amount of Bitcoin and now they have a good profit in hand. It means they are fully Cheater.

as it is said...its runs in the family...his Daugther is dealing in bitcoin and he made a bad comment and now his Daugther is spending her profit to b his grandkids gift and having a party which he attend...this is really a way to get free money for all their family activity...

i have same point with you, at first i never heard who jp morgan but a weeks ago his name are familiar in this forum with his statement that bitcoin is scam. i didn't trust towards their statement yet. but nowadays rumor come to jp morgan that he bought a large quantity of bitcoin. we should not trust to liar person like him

Who produce the bubble in 2008?? It's investment banking!!

I don't really know what to believe anymore since there is a lot of fake news going around. I personnally don't care about JPM, if he really says bitcoin is a scam and is later caught buying half the coins, he's just shooting himself in the leg...

I don't really understand why what he said effected the market so much ? Was it really what he said ? What about china ? Or was it both China and him combined ? I don't see why people get so worked up and worried over the slightest thing.