Bitcoin Forum

JP Morgan is one of the leading global financial services firm in the world. It is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transactions, and asset management.

As reported by Ethereum World News, JP Morgan analysts assert that the prices of cryptos are unlikely to increase in the near future. They argue that it is still not enough to be exchanged with the fiat money, despite the widely-hyped craze about blockchain technology and cryptocurrencies.

Read more here: https://www.unblock.news/news/jp-morgan-analysts-predict-continuous-sinking-on-btc-prices

Who's their leader? well there's a history on how he's been sinking the prices of bitcoin just for him to accumulate that much. For those wise investors, everytime when we see news like this it's becoming the go signal button to start buying.

Why?

It's possible that they have been buying again just like what they did last time. I'm not anymore affected when there's an 'analysts' or anyone that came from JP Morgan that keeps on telling such negative words about bitcoin.

They believe that Bitcoin may fall to the price of $ 2,400, and if the cryptocurrency bear market continues to drag on, then to $ 1,260. Of course, now everything can be. In a week we will be able to recognize that this is the longest bear market,  which was in the history of cryptocurrency. Previously it was 420 days. Well, no matter how low the cryptocurrency is now falling in price, its development occurs at any prices. And the recovery of prices in the market will be vseravno. We are waiting for positive changes in ICO projects and go to the traders.

it is just that time of the year again when the cockroaches crawl out of their hideouts to peck at bitcoin price again with their negative statements. their only motivation is either fear for their corrupted business or wanting to accumulate bitcoin themselves while discouraging everyone else to do so.

the fact is there is simply no reason for price to go any lower not to mention that the current price is already below the real value of bitcoin so they are basically saying the undervalued asset is going to become more undervalued!

Let that old fart speak what he wants, he's been saying that eversince and no one will listen from any people named in that company including their superiors. Btw didn't click any link, your source is a bit shitty to me.

Yea.. I really see nothing new here. JP Morgan Chase trashing on bitcoin? It's just like taxi drivers trashing on GrabTaxi or like PayPal trashing on bitcoin/cryptocurrencies. What do you really expect? Expect them to trash talk things that could potentially negatively affect or even potentially kill their business in the future.

It's just a prediction. They're not really sure if their prediction will happen or not. They keep spreading negativity in bitcoin so its price may fall more and they can buy btc in a much lower price. I don't care if it may fall to $1,260 coz I know that it will just recover. It's a great opportunity for those who have a lot of funds to accumulate more bitcoin coz when btc starts to recover, then surely you'll going to earn huge profit. It's just a survival of the fittest here in crypto world.

Who cares what JP Morgan predicts for Bitcoin, when they are widely regarded as Bitcoin's competition.  ::)  In any way, I have seldom seen any investment firm that predicted the Bitcoin price, correctly in the past. Their motivation for these predictions is mostly based on speculative greed and jealousy. <Because Bitcoin is targeted at their market>

We determine our own fate with the actions we take and not on what our competition wants us to believe.  ;D 

Lmfao this guy literally said its a fraud back in Sept. 2017 when the price was at $4K and then took it back in jan 2018 saying that "blockchain is real", "I regret making that comment".

Oof, I wonder how many of these "analyst" has bothered looking up information and have an understanding of the basics 🤔🤔🤔

they don't always trash bitcoin. they called it "the new gold" in december 2017. it probably just depends where we are in the market cycle.

i'm not convinced bitcoin will kill their business at all either. they're primarily an investment bank---bitcoin can't replace regulated brokers, particularly regarding brokering fiat money transactions. even on the retail banking end of things, i predict there will be a sizeable niche for banks offering crypto depository accounts. they might skim fees and commissions off crypto transactions just like they do everything else.

He is not the only one saying it. Even the head of Cardano had a similar opinion. I also believe that it will take two or three more years before we see a significant increase.

There are two companies that we all need to avoid in terms of any crypto related analysis. First one is JPM and the second one is Berkshire Hathaway. The reason is that the Owner/CEO of these two companies are known bitcoin/crypto haters. Jemie and Warren are two known crypto haters and the reason is too obvious. Bitcoin and crypto is directly affecting their business and they see it as a threat to their business.

It's no wonder that their analysts will talk negatively about it, so just avoid these two companies for any kind of bitcoin and crypto predictions, for good!

JP Morgan might be the leading global financial service firm in the world but they are bashing bitcoin and the entire market from the start calling it a big scam and a bubble and why on earth i would listen to their analysis, everyone can come up with their opinion when the market is down and can call for yet another bottom, what JP Morgan used to do in the past was to call bitcoin a bubble that could burst any time when the market was soaring, so i do not value their input about the market.

Even without JPMorgan analysis, it is a fact that crypto currencies will be blooming. Just look at your environment specially in the city.
People are 24/7 using their smartphones with internet and some with their computers.
It is like a necessity by now.
Without internet, you aint in.
And where is crypto currencies there? Yes, it is with the internet with easy access to transactions.
One more example are online shops. I will let you savor that in your imagination.

Morgan Stanley is known very well for shorting the market, it even hedged against it's own derivatives and sunk sovereign nations like Greece into spiraling and out of control debt. They were the very people that trashed Bitcoin and tried to bring the prices down and at the same time they had their own people in scooping all the dumped Bitcoin in for themselves to make a killing from. We know what these so called analysts try to do, they try to set the market and dictate the market by persuasion tactics and the people with the herd mentality follow them, that is why they are so wealthy and we are so stupidly poor, because we follow these types of people and call them God.  :'( We should start thinking and going against the grain for once.

What do you expect? They have done it before, spreading shills against bitcoin but behind they are quietly accumulating and then dumping it hard to make tons of money for them and their clients. So I'm not surprised that they're saying malicious lies again and repeat what they have been done in the past. Not be trusted, to say the least.

That's up to you if you believe in them.
This market is different and hard to predict so they might be wrong, I don't know why they are interested with bitcoin now
and maybe they are just trying to give bad prediction so people will again dump and they will continue to accumulate.

It's hard to trust people now, make a decision based on your own judgement, let us not get influence but their prediction, they are anti crypto.

I'm tired of hearing things like this. they just scared the bitcoin holders and influenced to sell the bitcoin they owned. Whereas if the effect of this article is successful then they will benefit because they can get a lot of bitcoin at a relatively cheap price. At the moment I think the price of bitcoin has been very stable and if it experiences a decline it will not be too drastic like what happened before.

I feel disappointed and at the same time worried reading Dimon analyst but my only consolation is the last part of the article where it mentions @galaxybtc 
he said and I quote

I hope we can see the light on this predictions.

the news seems excessive with words that might make people panic, I see it's not too interesting so much news about JP Morgan that I read and not like they say, I better wait for the right time to really buy it cheap

we all are aware of JP Morgan Shit people's attitude toward crypto, no worries, we don't give any shit to their thought, also.

JP Morgan is used to manipulating classic exchanges. I think they're trying the same thing on crypto coins. Unfortunately, the crypto money market is also suits.

Well i wouldn't expect them to make statements in favor of crypto anyways. These bankers of course would have to look after their own. Jp morgan has done this kind of stunt a lot of times in the past, nothing really special about the most recent fud-inspiring statement.

As I can expect that the value begin to show it's true value so the downtrend is happening right now.
Of course I'm not expect this to happen but if the market really want to show in this zone, we can't do nothing as investor.

But for me, since I still believe on it, I keep hold as long as possible

There are many predictions in this market, most of which are wrong. This is just another number being floated around. Someone is going to be right, and it won't be this jp morgan so called expert.

Many personals who doesn't like and no understanding regarding bitcoin will always say these kinds of things and it is our choice whether to listen and get panic or not because if we look into the past any dip didn't last longer and Bitcoin will be better than fine in the future and many predict Bitcoin will be considered as a mainstream currency in the world and Bitcoin will definitely change the inefficient banking system and other traditional and non advanced organizations by proving Blockchain based decentralized crypto transaction system to make faster, secure and better payments and transactions for any need from anywhere in the world at any time so in the future these qualities will make Bitcoin more popular among many individuals in the world so even the price has dropped there will be a certain rise very soon and that is why BTC will never continue to sink

Today, another wave of decline, though small, has already followed. But all the evidence suggests that further decline will continue.
All the interesting and important events that were to take place in January either postponed or canceled and the reasons for growth become less.
As a result, traders close their positions in anticipation of the next news stuffing.. Until only remains sit and wait

it is well said that the prices of crypto currency will increase in the near future and also it does not at any point in time say that the prices will appreciate as soon as possible so i think the predictions are close to reality as the massive adoption of blockchain technology increases and also the SEC hastens on its conclusion on the decision making.

It seems to be a kind of manipulation, even without his prediction it is true that the value of bitcoin along with other altcoins will progress forward reaching big after sinking to certain value. This isn't the first time, every time the growth of bitcoin takes place in such a manner. Following bitcoin the growth gets reflected over other cryptocurrencies as each and every cryptocurrency in the market has got direct or indirect dependence over bitcoin.

After all those years they have been saying that but history will tell them at it's not going to be so, Bitcoin will still in demand and Bitcoin still cover territories, like what it's been doing for the last ten years, this is old news actually, they will keep these FUDS every time Bitcoin goes down.

It's funny to read such threads after the time has shown that the 'analysts' were actually wrong. Bitcoin almost tripled in price since January, when someone was sure the price will go down and down. It's also a good practice to go through such things, just to remember that when people are saying the same thing these days since Bitcoin dropped below $10k, they might be just as wrong, and the real bullish trend might be around the corner. Many people in the comments stayed positive even when the price was devastating, though. Good to see how the community is getting more and more mature.

The likes of JP Morgan are not to be trusted when it comes to  bitcoin, they profit when bitcoin crashes and will always create FUD jsut to see that happen.They go behind the curtains to purchase bitcoins for their " clients"

Nice try for a price manipulation by fud. You just know they are getting in to this no matter what the price is right now :D

Maybe the current situation on the market is showing possibilities for further corrections of price. So what, there is no room for drama.and nothing unsual that we haven't already seen.
I have the feeling that the only purpose of such news is to discourage Bitcoin users and set some kind of fear. But Bitcoin users should have known better by now.

This was written January this year. I hope no one took the analysis serious because more money has been made since and a lot of adoption has since taken effect. People are wiser than the suppose expert now.