Bitcoin Forum

Dimon Knocks Bitcoin Again: Crackdown Likely on 'Worthless' Cryptocurrency

Jamie Dimon is at it again.

Expanding on his recent criticism of bitcoin, the CEO of JPMorgan Chase bank is again out in the media warning "it will end badly" for the tech. In a fresh round of press interviews, Dimon told CNBC he is concerned about a flood of cryptocurrencies – thanks to bitcoin, ethereum and initial coin offerings (ICOs) – and believes governments will soon crackdown on the phenomenon.
Source: https://www.coindesk.com/dimon-knocks-bitcoin-again-crackdown-likely-on-worthless-cryptocurrency/


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

We all knew that we will keep receiving such attacks from the organized financial sectors because they are loosing business due to the crypto currencies. The money should have been flown in to their channel, is going to crypto accounts and people are investing heavily. However, We need to understand that Jemie is a smart banker and he will try to discourage us. We can only overcome all these non-sense if we keep our trust on it.

This is the second statement from Jemie and more to come. He will try to make us all fool but you can overcome it with our trust only. Bitcoin can't suffer for some fools.

Should we feel threatend or worried?  Considering the fact that whatever they say to bitcoin, bitcoin has already a foundation.  It has been trusted and proven and that there is no way that they can knock it down.  Bitcoin price goes down a little but it is still high compared to its price months ago. 

Believe in bitcoin dont panic sell to this scammer for next time

they tried to accumulate cheap bitcoin with treathen

Actually, The job of CEO of biggest US bank is just to tell everyone bitcoin is fraud, not worth like such negative word towards Bitcoin. Continuously spreading rumors then buy the dips. Faster way to make money than his current bank system. Truly,  this September is full of FUD.

Don't expect him to stop attacking bitcoin and others cryptocurrency as he has to work for his master's the politicians and elites who hate the freedom and equality bitcoin comes to create in the life of humanity. Jamie Dimon should continue as to me this will make bitcoin more popular and acceptable.

The more interviews he gives with that kind of statement, the less people pay attention. And the less impact the interviews have on bitcoin.
It's a good thing that people get bored easily of most things.
I would say two more intreviews with the same message and he has taken himself successfully out of the media attention.

We shouldn't. If they wanted to really "crack down" on worthless bitcoin, they would go to the root of it: either trash down on miners or exchanges. They aren't really doing anything apart from spurring nonsense and baseless accusations towards bitcoin which may disheartened amateur investors but wouldn't deter experienced asses to cash out and forget about it. If it really is worthless to him, why would he bother to issue press interviews about it and not just mind his own? ::)

Exactly. He likes to repeat itself to a point that no one will take him seriously specially if he continues to bash bitcoin. He is just doing it to pull the price once more but investors are getting wiser and not be affected by his attacks. But I'm expecting another round of bashing from him specially as we approached the end of the month because its the time when Chinese exchanges are saying goodbye. So the more we ignore him, the more he becomes irrelevant to the crypto market.

Jpmorgan palying dangerous this time. I don't really know that their problem is with bitcoin, but they're becoming a bitcoin hater by the way. They make media publish negative news about bitcoin etc.

JPMorgan fraud records can found at WIKI

He will die before see bitcoin shining like a star

It seems Dimon and his company is not done with their Bitcoin accumulation yet  ;D.  Probably they realized that Bitcoin really have the capability to rebound and think of acquiring more cheap Bitcoin to get more profit from it.  So they release another wave of self thought criticism on Bitcoin in sync of the Chinese hostile action to make people think that they do actually know more.

This is so true. JP Morgan helping clients buy bitcoin after their CEO slates it, he has been reported and should be sacked. Interesting how the banks now are buying in and trying to rig the de-centralised markets as well as their own. They've started shorting it and will no doubt be trading futures soon to further manipulate, banksters are in crypto now, no doubt about that.

LOL, if really Dimon will be fired just because he forbade his employee trade and buy Bitcoin, I think that is good news for us, and the price of Bitcoin increase to the moon haha. No news can better the news a CEO fired by his bad said about Bitcoin ::)

Dimon told CNBC he is concerned about a flood of cryptocurrencies
I'm sure he is. That's why he's spamming the social media with his hate of cryptos, hoping that people will get scared and start selling. While he's at it BTC is trading like always. Jamie is going to be very sad when bitcoin reaches $10k next year ;) I wonder why Jamie isn't concerned about people taking loans they can't afford. Oh, yes, it's because Jamie doesn't care about you and your finances, he cares about himself and his bank. All this acting like he's worried people might lose money in a ponzi scheme is so fake.

Haha, he cares a lot about crypto currencies and that's why he keeps on saying anything just to stop people investing to crypto currencies. As he wants to have the biggest sum to hold if his plans are becoming successful for spreading this FUD on mainstream media. And he can't trick us anymore, I don't have anything to say to him but why he needs to do this instead of just saying that he's a crypto enthusiasts and supporter.

He is an expert of this and He is a coward, he cannot face bitcoin into a fair and square fight thats why he used media to make bitcoin down. But i believed or maybe we just dont know that despite of his crackdown activities of bitcoin he will invest to it at the cheapest price secretly. Mean while we just hope bitcoin will not use in illegal activities again such as bitcoin laundering happen in Russia because if this will happen again it will support Morgan claim.

Too many news about it even though it isn't really matter whatever he said about bitcoin, look at the price which stand still above $3750 instead of drop back below $3500. I'm getting tired to read all of this sh*t, because it's not him who spread the words but many people in this forum did it. Although many article/news wrote his comments about bitcoin, we should just ignore it. Why many article/news report about his words again and again? Whether they were paid to do so?

I strongly agree with you, the news just triggered the panic just, as happened yesterday, they make news with the aim of playing politics that they want to buy bitcoin at a lower price

The last screams of a down going dynasty  ;D

But it's clear to see he's trying to threaten crypto also with the help of gouvernments. I hope so much that these legalized criminal bankers will vanish in the past once and for all. Our children or grand children will ask us why we were so stupid to be ruled by those criminals.

It has not been enough that people have stolen their money for years. I guess now it comes to bitcoin and its derivatives. I do not know how to get rid of these greedy people from these thieves.It could not be expected that JPMorgan would not make money from bitcoin and people dealing with it.they tried and found out ways to get rid of such fuss and get the bitcoins cheaper than people's hands. please stay calm and do not sell your bitcoins to these greedy people.I am sure they are still looking for the bottom of the bitcoin prices.How do we stop this JPMorgan?

Like the boy who cried wolf, its possible CEO's and analysts will lose credibility everytime they proclaim "the sky is falling" & people look up to realize the sky is still there.

Fool me once, shame on you. Fool me twice, shame on me. Most of the smart people in the world won't fall for the same trick twice. These CEO's and analysts may only erode their own reputations by spamming the same "bitcoin is dead" paid advertisements repeatedly.

There has been market manipulation to raise the value of bitcoin higher, and market manipulation to decrease the value of bitcoin to create a lower buy in position to set up the next high. They're two sides of the same coin.

Best case scenario is more will become educated as to these economic and financial matters and comprehend the intricacies which drive them. An educated and informed public is yet another thing that could drive the overall price of bitcoin/crypto higher as people are better informed as to the advantages of bitcoin which is more free from market manipulation and scams than most regulated currencies/markets.

JP Morgan knocks Bitcoin again you say?

I guess it means the price is going to crash again soon and they will buy even more Bitcoin.

(Time to buy more Bitcoin myself too. hahaha)

I am getting ready for the panic selling of the scared and weak hand people that are in bitcoin. I am planning to buy more bitcoins when the price goes down hard because i love buying sale items and also getting a lot of cheaper bitcoins so whether it is bad news for the holders, it is still a good news because that is a huge discount coming in bitcoin.

Obviously he's really preventing an inevitable bitcoin revolution. That's understandable becaise he's considering bitcoin te be a threat to their control over the market. That's not going to put bitcoin down though for sure.

If JP Morgan knocks Bitcoin it means nothing because last time they did this they ended up buying.

Jamie Dimon most like would like to have another entry point on buying Bitcoin. The last time they announce some bad news about Bitcoin JP Morgan chase actually bought millions worth of Bitcoin. As the price drops again most likely they will buy again. This is their strategy bash so price will get lower and when they have enough Bitcoin they will hype it to make the price sky rocket.

Mr. Dimon is scared...scared of losing billions! He is threatened by the cryptocurrencies having effect to the fall or decline of the banking system. Mr. Dimon is not the main man..he is just the "man at the front desk" playing puppet for someone on the high chairs. They have seen the great opportunity of earning vastly via cryptocurrencies and so they would like to get their greedy dirty hands into the system trying to find a way to manipulate it..All this is frustrating to many. The SHARKS are seeking their prey! Bottomline,  it’s all politics!  ;)

First they ignore you. Then they laugh at you. Then they fight you.

Does he not realize that this is so obvious that he's threatened by a currency so far beyond his realm of understanding?

Cars are evil. They're going to kill all of the horses on the road! Lololol.

that maybe right but im not buying all the hate mr. Dimon is generating. The guy keeps on saying its fraud but all are just baseless allegations, no solid proof to back it up and a concrete plan to do something about it. The guy says its nothing but its his second public statement. Just like most people think in this forum, i think its a strategy to buy some cheapcoins bigtime.

as he did last time, he will buy more coins  :P I will believe him any more!!!

As well as all we know, Bitcon isn't worthless like this Jamie Dimon said, by the way , he said: " these crypto things are kind of novelty". But in fact, Bitcoin gets the best security in the POW system. Even after nearly a decade, Bitcoin already improved it's real and can't be easilt to crash down. Remember one thing, bitcoins are everywhere in the world, not focus in only one nation

and speaking of other cryptocurrencies, if i am not mistaken, ethereum is backed by JP Morgan right?. A cryptocurrency that uses a the same principles that bitcoins has that he is calling fraud.

haha. I just realising, now bitcoin is bigger and has strong support. After big dump because China and Jamie FUD, it still can recover. Imagine, smart people in a BIG bank in the world, spreading FUD because fear about his business (or playing trick because want to buy cheap). funny and wow at the same time, that just prove how bitcoin valuable is

Lol ethereum is nothing like bitcoin but ok. No idea if they "back" it. Actually they don't but I just genuinely have no idea what you mean. Did they invest in eth? Woop dee doo lol.

maybe someone is using him to critisize bitcoin so they can buy at low prize. when they are done Jpmorgan would just say sorry for what he had done and then he will advertise it. bad trick but usefull.

"Crackdown Likely on 'Worthless' Cryptocurrency" he said. Value of Bitcoin as of now while I am typing this = $3780.09 is that what he means by worthless? to the people who believes this guy is just an imbecile or maybe his family members, just like a mirror that is newly wiped it is so clearly that this Jamie Dimon has an hidden agenda to bring down Bitcoin and other cryptocurrencies because his line of work is threatened by it and with that I am sure.

Then he said "Right now these crypto things are kind of a novelty. People think they're kind of neat. But the bigger they get, the more governments are going to close them down" How about the Banks? did he manage to think about that, hell no. He is attacking Bitcoin yet he never thinks that the banks itself already did what he is intending to imply with cryptocurrencies. Let's just wait till the time comes that this guy will be the new CEO of one of cryptocurrency because JP morgan fired him.

We all  know the guy has an agenda. Unfortunately for us, people who have yet to be acquainted with Bitcoins don't. Governments are, at best, lukewarm towards Bitcoins so statements like his can pose problems for us in the future. He does have that case against him so I hope that shuts him up.

This idiot can do that all he wants and that only draws more attention to Bitcoin. If he thinks people are going to sell their bitcoins because of what he said, he's lost his mind. Bitcoiners know who he is.

I hope he does as he blatantly manipulated a market that his company is buying into on behalf of their clients, looks deliberate so they get a cheap price and make profit, banks and investment banks doing what they do best and rigging markets. The good thing with crypto is it's in many normal people's hands so is impossible
to control from a government or bank..

Actually a big story behind all these fake news are to let down bitcoin but it is not working anymore because they are now flop and bitcoin is going once again and pump up and now jame will see the power of bitcoin.

I dont actually interpret as fake news because even if it were a minor news, it will have an impact on the future of btc. Either for good or bad. We cant deny that there are still people who have different perspective about how cryptocurrency would affect the economy. These guys are famous personality in bitcoin and some of there words may influence others. But it is in us users of btc to make in last and prove them wrong.

Attacking on bitcoin using social media will not stop the impact bitcoin price very well to the level of kill bitcoin. Jamie dimon will definitely going to do the work of it pay masters and we would expect such mush attack from his likes. The good things about his attack is that he is helping us published bitcoin and making us going to mainstream early than expected.

Let him say whatever he wants to say about Bitcoin, in the end I'm sure he will still invest in Bitcoin anyways. He will just eat up his words and Bitcoin will still increase its price even though he had been saying negative things about Bitcoin.

I just read that JP Morgan is automatically closing any bank accounts associated to Bitcoin in any way. That means if you buy, sell or do anything related to Bitcoin your account will be closed. I just don't understand what they are thinking. ???

That is not true. If that is true then there is a lot of news that will come out from the internet that are saying that if you will do some transaction with bitcoin then your bank account will be closed because i always do transaction like cashing in and out for bitcoin using my bank account and i don't encounter any problem with that.

i think jpmorgan want to make bitcoin with his version and off course its centralized haha

If they try a crackdown on cryptocurrencies, bitcoin at least would go underground. See, there was a reason it used to have that seedy, underworld reputation. If they try to clamp on it, then all these money they see moving around in exchanges would go back into personal wallets  and circulate in its own economy, away from their grasp. Do they really want that?

It´s very normal that tradicional finance comes hard on cryptos. They are manipulating the market openly because they can. This is something to expect as new money comes in from BTC and traditioal finance invests in BTC they will listen to the usual news, so they will respond to them. Let´s just buy the Dips and be happy.

Most of the traders know about him because every time he speaks about the Bitcoin and he used to say FUD about the Bitcoin. I think he is bothering about whether Banks share will become zero value when everyone Enter into the Bitcoin market.

He just want to buy more bitcoin that's why he is create too much FUD but people doesn't believe him anymore because bitcoin price now is steady. Such a greedy person!

It is just me or people seem to always dump when JPMorgan release a negative statement against bitcoin?
At the same time when JPMorgan just released it to press, the bitcoin got a significant dump afterward, and then after few days or week, bitcoin got pumped again, such a joke lol.

Why worry? they are only doing this to protect their interest. they cannot and would not stop the revolution. Viva bitcoin!

We know what they did last time and the CEO of JP Morgan really wants to hoard a lot of bitcoin while it is still early. And there's no more big impact with the last statement of Dimon or we are just sick and used to his words.  I'm not worrying anymore if there is another statement that will go out from Dimon and will say that "bitcoin is dead", "bitcoin will not give you profit" almost every word that he want to say, he will say just to make the price of bitcoin lower again.

They knock it down, but at the same time help the pumping and dumping process of these digital currencies. Words can't affect bitcoin, only people leaving bitcoin out of fear can. But for how many leave, other will get in, and bitcoin will continue to survive, and increase it's value. We have to give this time, has it has not still made 10 years still.

Entitiess like JP are known for their greater abilities of manipulating the markets  as per their benefit. They easily manage govts, market rise and fall thus they have firm grip over that financial area. Biggest problem for these companies is that they dont have much control over bitcoin world and they might be bit late to join this bitcoin party. Thus they want to create the fear uncertainty doubt in bitcoin world. Thus creating artificial falls and then make profit from it.
thus it is better to ignore these kind of threats and keep on working with your bitcoin life.

But this time investors didn't get panic as before...that is a quite positive sign for crypto-market. Immature investors already exited the market after China ban news and JP Morgan's statement. So They are unable to effect Bitcoin price this time.

Nice statement you got here man! Very on point.
Look at it this way, where JPmorgan company is an established company with established reputation, like a very famous line of product. Trusted and known. On the other hand, bitcoin is an emerging product with a potential to overcome his #1 competitor which os JPmorgan. Many people is coming to know the kind of product that bitcoin is offering, making a switch to such. #1 competitor will do everything just to bring down the bitcoin just as no one will trust in it. But cmon man, bitcoin already won many.

I read Sweden will file a case regarding the market abuse that Mr. Dimon is doing right now. Manipulating probably the market to take an edge and be the frontman in the industry. It was also stated that JPMorgan according to allegations is doing bitcoin exchange as well for their customers. Again, as bitcoin grows and grows , he is not the only person who will try to knock it down. Bitcoin had gone so far beating the prices and values of fiats , silvers , carat per diamonds etc. We all shall acknowledge as well that with this power , plenty of the same industry will be threatened,but not us.

No need to let Jamie Dimon fluster your feathers.

This former JPMorgan managing director said that you should to be on the other side of Jamie Dimon...strongly:

https://www.cnbc.com/2017/09/15/bitcoin-could-surge-another-600-percent-to-25000-dollars-in-5-years-says-strategist-tom-lee.html

I think we are giving too much attention to this James Dimon dude, I don't think he's worth my time. All he's been involved is propaganda and public ridicule from one media platform to the other. I'm just tired of him but despite his evil intentions towards Bitcoin the prices has started recovering again.

John McAfee calls him:  Jamie Demon

Aaand Bitcoin just rose by about 6%. People really don't care what Jamie Dimon is saying. Also if you remember, Bitcoin actually knocked at JP Morgan itself after a buy order was found tracing back to JP Morgan, meaning JP Morgan was buying the dip.

Right. That's to tell you something. Dimon is recognizing cryptocurrency and being a banker, he probably knew such announcement would shake the market therefore they can take advantage of dips.

That's everyone who are not in bitcoin yet waiting,to grab the chance to buy more knowing that btc is able to perform pretty well ,so those who are already have some why not add just more and join the trend of buying.

Lol that would be poetic, let's hope they at least fine him, they get away with manipulations all the time and they've just got another massive fine for screweling up someone's will. That's what I love about crypto is it puts currency in the hands of the people, wishing that continues away from fiat and then Demon will be really scared!

Yes that person is a banker and probably wants to start a new business in digital currency so he spreads rumors like that, bitcoin had made many investors rich if this was fraud no one will be so confident on investing in bitcoins. So don’t listen to such kind of people they don’t just want to see the popularity of bitcoins and profit that is changing lives of many people.

I do not care about them, they do nothing and if he says anything nothing changes. and is currently focused on a beautiful day BTC has begun to show that it will not be replaced until the end of this year.
just enjoy today and let some people do fud. ;D

JP Morgan is a fraud and he is spreading rumor about bitcoins doesn’t want the progress of bitcoin and don’t want to see people enjoying their profit. So one should not listen to such kind of people, just believe in bitcoin and enjoy the profit and convince your friends also to join the marathon to profit .so don’t believe and enjoy,