Bitcoin Forum

Banks will trade cryptocurrency sooner than people
think, says fmr. JPMorgan blockchain executive
https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html  (https://www.cnbc.com/2018/05/18/banks-could-start-trading-crypto-soon-says-fmr-jpmorgan-executive.html)

We are closer to moon every day. Also closer to end of 90% altcoins.

It will be like with .com bubble. Bitcoin will jump to 1 mil and then popp to 50-100k (my opinion :) ). In this scenario 90% of altcoins will die. Other 10% will be next google, amazon and facebook. Staying with us for years making better and better profit.

They've finally see lots of potential profits in trading crypto. Back where the days when banks are too skeptic about bitcoin that they say its just a hype or even a bubble and yet now they are engaging themselves into crypto. This is the moment that we've all been waiting, so we can buy and sell easily our crypto using banks. This will create big impact on exchanges that has so much withdrawal and transaction fees if banks will create their own trading platform with lesser withdrawal and transaction fees.

This news will help spread the word out about how profitable trading crypto can be. We'll just see if everyone is at the same page that we have right now for the future success of cryptocurrency in the whole world.

Hope this will be held soon  ;D

Well, this is a start. JP Morgan has been against cryptocurrency since the start. Well seeing this move from the one who despises crypto will probably help those who were with thrm to turn their heads to a different direction. I hope all the others eill follow their lead. They finally realize that if they don't ride the train, they'll be left behind. Blockchain will always be a technological advantage for JP Morgan once they start to welcome it.

Good news and bad news right now are both like a bubble ready to burst, unlike the cryptos they point towards.

what the hell is going on with JP Morgan? they first started attacking bitcoin and called it a "fraud" and put down the whole cryptocurrency thing, then we found out that they were planning on buying a lot of bitcoin which is why they spread that FUD to cause the dip in first place then we heard them constantly put bitcoin down over and over each time their CEO was talking about literary anything unrelated he pulled the conversation towards bitcoin somehow!
now they are planning to start trading cryptocurrencies? LOL

Goodnews will just happen in one day

That's good news, which means Banks and financial institutions are starting to focus on the entire cryptocurrency market.
So this is good for the whole market.

I think that this is very good news, although this was to be expected. Moreover, I, as an adept of the crypto currency, are very happy about this, and I hope that the crypto currency will take a worthy place in the world banking system.

As usual, first they deny that there is something good in the cryptocurrency  , although they themselves buy at this time, after a while they disprove everything.

Banks saw big opportunity to earn more profit by opening exchange or ride with the blockchain evolution as what old saying says: "if you can't  beat them join them" and that is
currently what happening now. this can lure more investor in crypto market in the future.

totally agree. It might take long time for shtcoins to die, but it will happen eventually. Also some altcoins like ethereum will go definitely very big. With bank money, this industry will look different.

This is a good news for us, financial institutions and banks gives the cryptocurrency an opportunity to open the blockchain. I hope we earn lots and big profits by opening that exchanger. Good news like that will continuing so the social media accept again the advertisement of crypto, so many people will invest without hesitation.

Why does everyone think the other 90 percent of altcoins are gonna die? I don't understand. I understand that only Bitcoin, Ethereum and Ripple will jump sharply in the price, but why the other altcoins should die is unclear to me.

So its juts news from the JPmorgan but no real deal from the banks itself. I dont believe that this kind of implementation can be done real soon. We lack lot infrastructure which will be needing for the banks to connect with crypto currency and make the trade happen.

I mean its all right about the news, its just perfect one and I could not be more than happy than this but what next? DO we really need banks regulating the crypto currencies? Dont you guys think that its very nature of decentralisation will get compromised after this collaboration? Or does not anyone care about this thinking.  ::)

Good news as it is.
Don't address them as "they" it's only Jaimie Dimon that spread something wrong and hid his true interest to crypto's before.
And besides Amber Baldet isn't with JP Morgan anymore, she's a former head.
Other banks will follow as well.

another great news that will not affect the growth of the cryptocurrency market (((

 As we know JP Morgan is the number 1 critics of cryptocurrency, they always say the negative result if we continue to patronize the crypto existence but with this kind of news, probably those come from their mouth is FUD's to make some weak hands dumping their keeps, in return they immediately buy it, who knows they are now holding a number of btc and now want to sell it out that's why they are spreading a good news to pump it out, anyway it just my opinion, forgive if I'm wrong.

After the announcement of CEO of JPMorgan about Bitcoin is scam, I never believing anything announced by these guys :)). They're also the whales try to dump the market then take advantage to buy good cryptocurrencies with low price :)). Said that Bitcoin is scam then they spent a lot of money to buy Bitcoin back when price of Bitcoin dumped to 4k$. LOL

This is not actually surprising, people everything is subject to change including man this is normal because the demand for the better from the former system is powerful enough to lead everything into changes. Though it is really hard but seeing something is moving for change this is enough to see success, so I believe crypto can enter the banks and will change every thing that needs to be.

 I'm hesitated to believe about the revelation of former JP Morgan executive but whether it is true or not but we must believe the positive side of the news, although they always telling the negative effect about cryptocurrency for now maybe they come to a conclusion that whatever destructive words they throw to crypto but still people believe in it.

If that's true the era of cryptocurrency will grow and lead to glory.

That would be foolish, have you eaten a pupperfish in one gulp?
If banks will really be turning into an exchange and that they'd allow BTC, most of the altcoins will also rise because after all traders are going to invest on altcoins. The more the value of btc, the more trader will try to get a stash of Stratis, Lisk and so on. You'd be fool to just dump all altcoins for btc when you can have a million of Dentacoin which be worth a dollar each when all these will realize.

Baldet might be right in her statement about banks and cryptocurrency because the crypto financial revolution is rocking seriously and every financial institution need to queue in with the global trend. Like they use to say the paradox box has been opened and cannot be closed.

Very interesting. i would not have expected this. i just thought banks do not find crypto good and fight against it, but this message shows the opposite.
Apparently, the banks have realized that they can make money with crypto.

How quickly the opinion of people changes, only recently did they despise the cryptocurrency, and now they are going to trade themselves. Apparently they realized that this was their chance to survive. In any case, this is good news.

Yes they  announce about the bitcoin is a scam and I'm just wondering right now about the news, after they say it's a scam and now it's opposite. Well if it's really true, its a great news to know that.

We are also now being closer to be being controlled just like when the financial system started. But we need investors and support in this world so this hopefully might be a wake up call for others.

Something that may or may not happen can't be called "good news". For now, this is just speculation. But if this ends up being true then it means that the bankers have finally realized that no matter how much they despise cryptocurrencies, cryptos are here to stay, so the bankers might as well jump into the bandwagon and start making money. And in my opinion, I think the cryptosphere would benefit a lot from all the money coming from financial institutions, plus this could further add legitimacy to cryptocurrencies, something that we need in order to start the adoption phase sometime in the future.

that is highly unlikely to happen. the laws in a lot of jurisdictions are prohibiting banks from any kind of involvement with cryptocurrencies specially if they are decentralized and unregulated. and this will not change anytime soon.

It seems to me that this is a very good news and this should be expected. The world of crypt constantly develops and captures all the new heights. The world is developing and people are beginning to realize that crypto is very good.

Well, i've been waited for this news in a long time because it's quite upset for me when watching the price is going down and down all the time.