Bitcoin Forum

Dimon has backed down from commenting publicly on bitcoin after his recent tag on bitcoin as fraud brought serious backlash to the company after he also said he would fire any of it’s employees who had anything to do with bitcoin.

In a report from CNBC, Jamie Dimon stated that he would not talk about the cryptocurrency and JPMorgan chief financial officer Marianne Lake also stated that the chase bank is open for digital currencies that are properly controlled and regulated.

READ MORE=> https://zycrypto.com/bitcoin-surpasses-5000-jamie-dimon-surrenders/

Of course Jamie Dimon looks dumb right now. I think he will ultimately be proven correct about bitcoin being in a bubble, but perhaps not for many years from now with bitcoin multiples higher than what it is today. Eventually people like Jamie Dimon will turn atound on cryptocurrencies. Look how Mark Cuban flipped this year.

He was just creating panic and setting up JPM's entries, as I read once Asking financial institutions about BTC is like asking taxi drivers about Uber; ofcourse they're gonna talk shit about it, that's just fear of change and becoming obsolete.

That's what they do to exploit the poor bitcoin owners in the market. They start a FUD and then they make the price go down like 2x and then they start to accumulate super cheap bitcoin and the final situation happens.

That's cynical - but I expect you're right!

I think  this is because  if the fact that Bitcoin is still going strong and will be stronger,  I think they just wanted to get bitcoins at a much cheaper price, and I believe they are also trying to influence the price of Bitcoin if they can, since that's what they do, they manipulate the prices of the stocks, which is not new to them. I think what they should just do now is try to live with Bitcoin and other cryptocurrencies since it will open new opportunities to them as well. Goodman Sachs move, making an exchange probably also she'd some light to them, since it is also an established financial institution, they could not afford to ruin their image further.

I don't think that Jamie Dimon has totally back down from this attacks. He is just quiet because,

(1) Jamie Dimon faces market abuse report after his comments about bitcoin
(2) JPMorgan was caught buying huge amounts of bitcoin. Making the company looks stupid
(3) Bitcoin price is soaring high and his statement proved him wrong.

But I believed that he is just waiting for the right time to attack once more. But he is totally irrelevant and whatever he says won't affect he market because we have seen this intentions. Trying to manipulate it and take advantage by buying bitcoin at a discounted price. We have matured and if ever he attack again, we will just ignore the guy and move forward.

Ya it's interesting that Jamie Dimon now has nothing to say about Bitcoin. Maybe he's actually a little smart and knows it wouldn't be wise to upset the wrong people.

I really like it when a  huge CEO like him in the financial world challenges bitcoin and then proved them wrong. Now  everyone have seen how btc just brought down this big names, I'll be expecting more and more antibitcoin will vanish or switch sides.

...

Persistent rumors are that Jamie's daughter is (has been) buying LOTS of Bitcoin.  I would not know, but when I read something from two sources that may be reliable, I start to wonder...

Lol they always want to be the one who called it, but the problem is we're just at the beggining of a parabolic curve. There's no chance of this stopping anytime soon. Keep hitting each ATH after ATH and prove these ignoramuses wrong.

I do not care about JP morgan, he has been cheating and now he may be sorry.
I focus on Bitcoin and now it can not be stopped by anyone including by him "JP". Even China can not stop Bitcoin. ;D

BTC is going very strong guys. But in my own opinion I do not think the all time high will last long and usually that is what happens. I would suggest if you made some handsome profits do cash out some out as a reward. If any bad news suddenly comes out the price is going down again. Whatever goes up comes down 1 day.

That’s good news for me not for Jamie Dimon (obviously) and as I have been said before, let’s laughed at him when we prove that he is a dumb CEO. Now this development will make him realized that adaptation is not just on our part but for them to make. Because if they don’t do it will impact they’re investment and profit as more of they’re customers are might be on cryptocurrency trades also.

Just a theory.
Jamie Dimon or Chase the company  bought Bitcoin after they said that Bitcoin is a fraud. They know that price will go down if they announce that Bitcoin is a fraud. Since they were able to accumulate thousands of Bitcoin  or maybe hundred of thousands  of course they would shut up and just join the bull ride of Crypto currency. He will not be on that position if he is not smart.

Well at least it is still a win for us crypto enthusiast.

Ohhh weee, baby. Looking at the price of $5,675.72 per Bitcoin right now.

https://i.imgur.com/agcKwiR.png

Exciting times we're living in boys.

What a clown. He should stay away from BTC and stick to the things he is good at, creating bubbles and popping them.

These bankers want to keep calling BTC a bubble or a fraud because they cant control or regulate it. I cant wait for the day when other cryptocurrencies start having their own drive in mainstream adoption as well. Lets see how they react to that.

from the start of this, all that was said has been manipulation of bitcoin price. they took a shot and spread the FUD, it was always a win-win situation, the FUD was successful and they made a huge amount of profit in a very short amount of time.

and as you can see all of it was also temporary. bitcoin always comes back on track because you can not keep its price down for long. it always bounces back up to the normal price levels. we were testing the $5000 resistance last time which is about 1 month ago and not it is broken.

Errr ... John Pierpont Morgan died in 1913. Jamie Dimon is a pansy. You can't even compare the two.

He could be buying more bitcoin though. For all we know he could be the one behind this sudden rise again of bitcoin.  Bankers always wants money but are just too late to get into bitcoin which is why its too much for them to spend their money into it so fud is their option. No matter what they still need to spend more money.

Of course he should. In fact, the moment he speaks shit about bitcoin the more we realize that he as a banker is threatened by it. Think about this, why the hell would a banker comment something like "bitcoin is fraud" when in fact he doesn't even care about people's financial security - it's none of his business in anyways. The fact that he speaks shit about bitcoins put me under the impression of his bank being affected negatively by it. So next time you hear a banker or somebody from the government speaks bad about bitcoin, you should never ever believe him.

We are very open minded to the potential use cases in future for digital currencies that are properly controlled and regulated," Chief Financial Officer Marianne Lake said during a call with reporters to discuss the bank's third quarter earnings. So finally Jp Morgan people waking up to realize what kind of mess his one stupid comments caused them, we suffered and now he's humiliated, that's what's I call karma, I hope they find a way to coordinate with each other, and from their words it's apparent that they are running scared and now they are trying to buy peace, who told them to come and attack us, everything was fine, but I feel it's a welcome move for all, we can finally be happy that now a big corporation has endorsed us. Time to kick start the party.

Actually if they want to develop bitcoin then its price will never be lower than that. Because by value, we can see that it is growing, they are less able to manipulate bitcoin, it is common, no one can control it except its creator and the events that happen to it. It is a wrong decision of them, it will make them die with the illusion that they created themselves

One thing we have to know about bitcoin is that of a certainty no individual or government can stop bitcoin though it may affect just in that moment like what happened when china banned bitcoin, but be rest assure that this technology is unstopable. I like this rising in price. I can see bitcoin holders smiling and bitcoin enemies crying.

Yeah, theres another report in CNBC's website saying that he thinks the technology behind the blockchain is valid. He clearly doesnt understand how BTC works. Bitcoin's blockchain, PoW and BTC the coin cant be separated. A blockchain by itself, without PoW and the incentive is lame.

and now nobody can stop bitcoin for still increase and although they can, the price is still moving to go up and now its unstoppable. we can see the price is in high price soon after the fork is coming. but always, there is a down for correction so the price can lifted up in the other time and many of us will be happy. we know that there is many bad news is out there and it will makes people over react but bitcoin price is not affect and only down for a while and after that the price is increase again.