Bitcoin Forum

Bitcoin => Press => Topic started by: LiteCoinGuy on January 23, 2014, 11:08:24 PM



Title: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: LiteCoinGuy on January 23, 2014, 11:08:24 PM
JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts its downfall

http://rt.com/usa/chase-ceo-bitcoin-terrible-downfall-100/

http://video.cnbc.com/gallery/?video=3000238715


maybe he is so negative about BTC because he dont understands it (fully)? maybe wells fargo understands it better?


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: seldon on January 23, 2014, 11:31:03 PM
Cute... you can use all of his arguments as the best pro-btc ads :)

He forgot about volatility though.. noob mistake


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: notthematrix on January 23, 2014, 11:36:19 PM
cool if JP morgen dopes not like it its a good thing.


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: Mike Christ on January 23, 2014, 11:40:15 PM
He doesn't have to use it ;D


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: Coolstoryteller on January 23, 2014, 11:47:24 PM
Reason he's mad http://www.cryptocoinsnews.com/2013/12/16/zerohedge-jpmorgans-bitcoin-alternative-patent-rejected-175-times/


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: bitbouillion on January 23, 2014, 11:49:11 PM
What about his "bitcoin" patent?


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: Henark on January 23, 2014, 11:49:29 PM
Guys...could you help me with a little question?

WHAT-A-HELL-IS-GOING-ON-HERE?

Take a look at this FB profile: https://www.facebook.com/rodrigo.batista.965

He is the admin of the MercadoBitcoin.com.br, the biggest BTC exchanger in Brazil...
If you take a look at his occupation...he work at MORGAN STANLEY!

So...WHAT-A-HELL-IS-GOING-ON-HERE?


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: BurtW on January 23, 2014, 11:52:21 PM
J P Morgan =/= Morgan Stanely


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: Henark on January 23, 2014, 11:58:10 PM
J P Morgan =/= Morgan Stanely

You are right, Morgan Stanley belong to the JP's founder...
They are so differents that i can feel a strange smell right here...


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: goxed on January 24, 2014, 12:00:05 AM
Thanks for the free publicity! 1 satoshi tip to Jamie's BTC address.


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: marcus_of_augustus on January 24, 2014, 12:12:58 AM
These guys only ever talk their book ... i.e. he's looking to buy in lower  ;D

A quintessential Goldman Sachs "rip-the-faces-off-the-muppets" moment, cherish it.


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: dave111223 on January 24, 2014, 02:00:28 AM
I can't wait to see Max Keiser's response to this; his head might actually pop.

This was even before any bitcoin comments from Dimon: http://www.youtube.com/watch?v=kw2DskGbE6Q
http://www.youtube.com/watch?v=evf9oCwi0aE


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: zeetubes on January 24, 2014, 02:59:57 AM
If anyone lives near the Fed or JPM, please head over there and stick a "we accept Bitcoins" poster on the lobby wall. Photos would be cool! :)


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: TooCasual on January 24, 2014, 03:14:18 AM
JP Morgan Chase CEO is... "Terribly f_cking retarded" and "Scared out of his eff'n mind..."  

Bitcoin 1.0 and Bitcoin 2.0 out to decimate Fraudsters, Banksters and cleptocrats  -  To quote Max :D

TC


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: Peter R on January 24, 2014, 05:02:08 AM
I decided I wouldn't look at bitcoin at all today so that I could get some work done.  I sneaked a peak this evening to find the markets falling and Jamie Dimon and Jacob Lew smacking bitcoin!  Never a dull moment.  

After reading Jamie's quotes about "fighting crime," I decided that I really can't discern parody from truth anymore.   What would be the average American's response after seeing him on the side of angles fighting the evil bitcoin?  

This is Jamie Dimon.  JAMIE DIMON.  From the biggest US bank JP Morgan Chase.  Remember the cooked books, corruption, bailouts and obscene bonuses?  And wasn't Jamie the CEO who bought the $50,000 toilet for his office?  

https://i.imgur.com/EneNtSx.jpg


EDIT: No, it was John Thain from Merrill Lynch and the toilet was only $35,000. Jamie Dimon took $25 billion in TARP money, ordered two Gulfstreams costing $120 million, and then spent $18 million to renovate a hangar at Westchester Airport near New York City (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aa_Te7wk9JrA)





Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘t
Post by: BTCIndia on January 24, 2014, 06:12:12 AM

"He added that Bitcoin was “a terrible store of value” that “can be replicated over and over,” and that according to reports, “a lot of it is being used for illicit purposes”.

Further Read: http://www.ft.com/cms/s/0/a00df0fc-8496-11e3-b72e-00144feab7de.html#ixzz2rIG9HzC0

He added that Bitcoin was “a terrible store of value” that “can be replicated over and over,” and that according to reports, “a lot of it is being used for illicit purposes”.


What the hell is talking? I agree that, Bitcoin might be good store of value  due to its high volatility. But, "can be replicated over and over" is something that doesn't make any sense to me. Am I under learned or is he ignorant about replication/creation of Bitcoin. He must travel to Indian and take a crash course on Bitcoin from Koieing Solution.


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: goxed on January 24, 2014, 01:22:01 PM
There you go guys!
http://finance.yahoo.com/news/fined-billions-jpmorgan-chase-dimon-040046731.html


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: MarketNeutral on January 24, 2014, 01:29:59 PM
'Here's wishing 1% of you a joyous holiday!'
 :D
Now that's cheeky!


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘t
Post by: runam0k on January 24, 2014, 01:30:47 PM
What the hell is talking? I agree that, Bitcoin might be good store of value  due to its high volatility. But, "can be replicated over and over" is something that doesn't make any sense to me. Am I under learned or is he ignorant about replication/creation of Bitcoin. He must travel to Indian and take a crash course on Bitcoin from Koieing Solution.
He's talking about altcoins. It's a stupid argument.


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: Frequency on January 24, 2014, 01:57:31 PM
He belongs to the dinosaurs age..WE don't care what he thinks or says..time to move on..to generation 2.0.. (edit 0.8.6)


Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down
Post by: FeedbackLoop on January 24, 2014, 02:08:18 PM

http://www.zerohedge.com/news/2014-01-24/jamie-dimon-gets-pay-raise-after-raking-25-billion-legal-fees



Title: Re: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘t
Post by: LiteCoinGuy on January 24, 2014, 04:03:14 PM
What the hell is talking? I agree that, Bitcoin might be good store of value  due to its high volatility. But, "can be replicated over and over" is something that doesn't make any sense to me. Am I under learned or is he ignorant about replication/creation of Bitcoin. He must travel to Indian and take a crash course on Bitcoin from Koieing Solution.
He's talking about altcoins. It's a stupid argument.

For me it seems that he does not understand it yet