Bitcoin Forum

consider the following:

JP Morgan want to buy a large amount of XRP. To make more profit JPM first "created" the JPM Coin and spread FUD (JPM Coin = XRP Killer) so that XRP price goes down and JPM can buy XRP for a cheaper price. The JPM Coin only has this purpose...

thoughts?

Tin foil hat posts are allowed in this thread - don't forget JPM spread lies about Bitcoin in the past.

I don't understand the point of the JPM coin at all. It doesn't have any bearing on XRP, it's just an internal coin to the JPM network. Why are they even using blockchain? And why are they publicising it and why is everyone making such a big deal about it? It's just a nothing coin. I really can't see how it would have any impact on XRP price, it's not a competitor.
/rant

That's the point. A internal coin don't need any publicity, also not a "XRP Killer" publicity... and the Wallstreet Boys called XRP a scam (what it probably is) and promoting the JPM Coin at the same time.

And also think about security issue: if it`s only made for banks and big investors, you not go public whit any kind of information - not even that it exist.  ::)

Wall Street Propaganda:

Source: https://www.forbes.com/sites/jasonbloomberg/2019/02/22/jpm-coin-from-jpmorgan-chase-vs-crypto-fans-whos-missing-the-point/#74334a453f16

btw I am not a XRP owner and I will never buy XRP, because It`s  centralized and XRP just a money printing machine for the Ripple Labs Company behind XRP.

jo morgan coin is nothing to do with xrp..before he called crypto currency a scam then now he is creating his own crypto currency?come on people!

JP Morgan Coin is only a marketing strategy to attract investors, it is not a real cryptocurrency with the public blockchain. I would never trust in something created by JP Morgan.

It is speculated that JP Morgan has the policy to create FUD in the market and even last year there were evidence that they were investing in bitcoin from the background when their owner criticizes the entire market, despite even said that, i really do not think that they started the coin to kill XRP, they are a financial giant and billions are being transacted world wide and they understand the power of having their own crypto and so is the reason they created it.
Still i am not sure whether it is a internal coin or everyone can invest in it.

Because he's a cheater and has made panic.
I also do not believe, I believe that XP will not be replaced.
by the way you use the Faba signature. faba scam

JPM has a negative character so that many people hate it, chances are this won't last long and XRP still remains popular with its development.
Why are you saying Faba is a scam? is there evidence?

You have a weird thinking and I appreciate that, you think like a pro, lol.

Man, why would they do that? Even though they announce about their own coin but have you seen XRP dump?
XRP remain stable and the good news today is that it is listed in coinbase and we have seen it grow, JPM still has to prove it's worth, people would
not trust anything coming from a banker who criticize crypto before but they are here adopting now.

is it possible that the new coin is only with capital jp morgan as the founder can be able to dump a coin legend such as xrp,I think it's still very difficult for that

This is a new drama in the crypto world? I don't mind both of them have their own competition for being a backed up coin by centralized establishments like the banks.

I'm not an XRP investor but I don't think it will be easy for the JP Morgan to turn them down. You can't predict the market and so with these two coins, there will be more choice for the investors to support this kind of coins.

I think a logical reason may be that he knows that most of the XRP is in a fairly high percentage of accumulation and when he decides to increase the XRP, he will want to make some profit, maybe it is a smart move or a contingency plan, in case that things lose a bit of control with the currency that is being launched, that is the only way I can intuit that can be attributed to that movement, is what I think, only speculation looking for some logical way of why he made that purchase .

The JPM game that wants to make a lot of speculation and other opinions on the XRP, didn't you ever make a FUD on bitcoin and now make it fud again but on XRP? One thing that makes investors fooled by JPM's review, this won't last long.

JP Morgan being a giant in the financial ecosystem, he can do whatever required. If his plan is to dump the xrp growth surely it'll be attained, because he doesn't lack in funding as well manipulating the market isn't that big for those people.

Why he created to dump XRP? I still can't understand this thread. I think the currency of JP Morgan will be a stable coin and only used to the service on their platform. I sure, there is no connection between JP Morgan and XRP on this scheme.

Following you with your statement, there's chances that they can do this as they are well equipped with how the market moves, if they seen
opportunities they will grab it right away, I do remember how they speak about crypto/bitcoin and now they are here broadcasting their appearance
inside the market.

If they really intended to do such things, then they can easily takeover and manipulate as they have enough or deeper funds to finance such actions.

I don't think JPM will get success by spreading lies to the public especially right now, people learned from history, and they will find the truth.

JPM can do that in many times because he has the power to make public panic. But I wonder why JPM create a new coin while he also wants to buy XRP at a low price? Why does he need to buy the other coins than try to hard work to make his coin get success so his coin can compete with XRP?

I think he doesn't have self-confidence with his coin and he tried to spread another lie to the public so he can buy XRP at a low price at the right time.

But time will tell who is going to stay in the crypto market and we will see the truth behind of JPM coin.

Look at those dumb buyers of XRP and how they have made the CEO of ripple gets tons of money when the platform gave nothing to the holders. This company can't even generate revenue from its service.

I do not mind, let them dump it while bitcoin is preparing to grow. I don't like Ripple.

I think he won't do that. I think it's just a collaboration between XRP and JPM. You know, the SEC organization in the United States is really a very strict organization for manipulation. In addition, JPM is a very large enterprise and it is under the control of SEC. they will not be made all their bad intentions. :D

haha, it was a funny conspiracy theory.

but it is obviously not true. these things are only act as excuses for the whales to dump some altcoin (shorting it while they are doing it) so that they can make a huge amount of money. otherwise coins like XRP are too small for JPMorgan with their money and the level they are at.

If they wanted to dump XRP price they would have many ways to do it, they would not create a coin for that purpose risking their reputation. There are many reasons for them to create their internal coin, dumping XRP is not one of them.

OP definitely misunderstand the concept behind the two mentioned coin creation cause XRP was created for the purpose of security(which is why some banks and company joined their network) and payment while JPM coin is a stable coin and it was created for the ease of JPM customers/users. However, OP was not the first person to assume .  (https://medium.com/altcoin-magazine/altcoin-news-is-jpmorgans-coin-serious-competition-for-ripple-82580ae68089JPM coin was created to dump XRP[/url)

Firstly, I really respect JP Morgan for the creation of their own crypto currency which was created aide instant international payments for corporate, uncoporate personal and effective services of the JPMorgan stores as said by the JP Morgan blockchain department.
Nevertheless, the reason why people think JP Morgan coin will destroy XRP was because JPM makes daily transfers of more than 6 trillion dollars worldwide while XRP network make max of 1.2million transaction per day and JPM coin could be the coin which amazon may use in the future.

No, only newbies who don't know Dimon Jamie's antecedent will believe him to be able to kill ripple and they will hurriedly sell off their coins. I am yet to see or read JPM coin whitepaper, before I can draw my conclusion. One really need to be-careful when a cruel banker is moving to a decentralized system that he is openly against.

As Anthony Pompliano (big crypto influencer) said that JPM Coin is a coin created only for money laundering. And if you think about it, then it makes a sense.

They made token to sell it to suckers. Yes same suckers that are buying XRP.   There are plenty that have no ideas why decentralized internet money is so powerful invention and are just throwing their wealth to database tokens liek ripple and jp morgan coin.  

JPM bought huge amounts of XRP? It's hard to really comment on the real interesting of this group, but I think XRP is ready for any situation, this coin community is extremely strong, you should not underestimate them.

The JPM coin is only useful for the transfer of funds between JPM accounts. It cannot transfer funds between accounts in different institutions. XRP on the other had, may be used to transfer funds between accounts in different institutions.

JPM is only a personal coin not for the public, ownership is limited and will not expand. I think XRP will not stop just because of JPM but will continue to develop well, XRP is better prepared and has a future.

With JP Morgans anything and everything is possible, I don't think this guys in the first place decided to create their coin because they now see what crypto holds and they don't want to miss out, but they created their coin because they know that the kind of influence they currently have in the world can actually get them to a stage where they can make a lot of profit from it. This are business man, they only care about how they make money.

When JP Morgan officially announced he will be create own cryptocurrency that time i thinking after JPM coin entering in the crypto market it's absolutely right JPM coin manipulating other billion dollar marketcap coin like Ripple (XRP), EOS even Ethereum. But i have no idea why he want to buy large number of XRP coin what is the main reason in behind the scene.                 

XRP team are quite strong and working hard to keep the project moving forward, so it will be quite hard for JPM to affect XRP permanently even though it is possible to see its little effect on it by forcing XRP to go on Bearish market since the author claim that J.P.Morgan has decided to come into XRP market as a whale but it is only a matter of time before XRP picks up. As a trader, I will still take advantage of both situations.

I do not understand why this coin was created. Especially if she was already somehow involved in false statements about bitcoin. I don't think she's worth any attention at all.

Well, even if he does, I don’t mean to be selfish, so many trader will still make money if eventually XRP go on a bearish trend and that is the sweetness of trading.

I understand lots of investor that already has money in it are waiting for bullish trend while potential investors are waiting for the bearish trend but already existing investors can still take advantage of his strategies too if he eventually succeed. This is how an optimistic trader or an investor sees it.

It's a stable coin and they can used it on their transaction, transaction is faster with blockchain and that is why they are adopting to crypto.

It's not a she, it's a he. That is not a false statement, it was his opinion and we just don't like it.


Maybe not for us but for banking purposes it's necessary and to their clients it could be useful.
This is how the market progresses, we have a lot of players in the market, thus making the competition more bigger.

Immediately after the release of the launch of JP Morgan coin, many experts started the discussion of its adverse effect on XRP. Even one executive of Delphi Digital stated that this was a huge slap for XRP and it would make life difficult for XRP and SWIFT. But a recent report depicts that it is not an immediate threat to XRP. Firstly, JP Morgan coin is presently restricted to some internal clients. It is unlikely that other competitive organizations would use JP Morgan coin. On the other hand, the technology of Ripple has been built on superior XRP ledger and this makes it as readily acceptable by any organization. The second factor is the relative speeds of both the technologies. JP Morgan coin is based on  Quorum which is capable to perform around dozens to hundreds of transactions in one second. This is relatively very low as compared to XRP. XRP in terms of scalability is more superior and efficient than Quorum. So, in conclusion, these two projects even though appear to work on the same domain, have different potential and focus. There is no presently overlapping of both JP Morgan coin and Ripple. It might clash in the future but for now, both are independent of each other in term of functionalities. Just my two cents on this. Better get going as I resume my live trading (https://to.crwd.cr/z7G) sessions. Best of luck!

people are missing the point of XRP which is why they come up with these types of theories and also why a lot of people are still comparing the two together which is wrong!

the whole point of XRP is a pump and dump premined altcoin that has been giving millions of dollars profit to the owners who are also making profit by selling their technology to banks.
nothing is threatening anything about this! XRP is still the same pump and dump shitcoin and they still own the 100 billion premine and they are still selling their services to banks and still make millions. where is the threat?

Wow LMAO how much did they pay you for that shit? Or did they stop paying for the ripple bashing and you do it for free because you dont even know in the first place why you talk that shit lmao.

http://i.4cdn.org/biz/1551817857506.png

This is merely a coin with that much value attached to it if you ask me i will tell you that is just meant for experimentation of blockchain once they have the basic number of users and it seems profitable for them they will make it more crypto related but for now is more like a dummy coin

They announce about this coin and they will make a serious development about this.
It would not impact in crypto to be considered this as an investment since it's a stable coin, but certainly it can help the adoption.
XRP is still at good price, until we see it's impact I don't see it will and this coin is exclusive for the bank alone while XRP for different banks who like to adopt.

you are missing the important part of the reason why JPcoin is a threat to shitcoins like XRP!
it is a bank created coin and is going to be sold to the banks both as a token and as a technology. and this is something that Ripple has been desperately trying and failing and now there is a big player (a multi million dollar bank) in the game that is going to take that little market they had out of their hands.

sure it will continue being a centralized pump and dump shitcoin and continue being traded on exchanges but this just hastened its demise...

???

Lmao

That is delusional. I bet you hope banks will use buttcoin right?

already xrp is a pump dump coin.. small news can effect xrp bigly. that coin can dump xrp but after 1 or 2 day, a new make pump it again.

A lot of manipulations are going on and it is truth that it is very difficult to doubt this information.  Jpmorgan has been in the business of creating FOMO and FUD about bitcoin and any coins they have decided to manipulate.  However,  in forex the biggest manipulations are always the highest and successful traders and investors and I think this applies to what Jp Morgan is currently doing to ripple and in the past to bitcoin.

Well i believe JP morgan will be the one who get dumped by XRP. (Although i am not a fan of XRP tho, not a fan of it since the day i know about crypto lul)

Anyhow, i believe most people would rather partner with XRP than partner with JPMorgan IMO. Despite JP Morgan is one of the largest bank in the world with huge credibility.
However they are not the pioneer in the tech, they just see, learn and try to follow. Not innovative enough at least imo. And they doesn't have a fix supply iirc

not the same? since JPM coin is private

I do not think that such big company as JP Morgan is has to do something to harm competitors.
They do not care about competitors, even they do not care about their clients, they care only about their profit and JPM Coin is another way how to increase the profit.  ;D

Whales knows how to play well, whatever it is if this two coins shared same venue of target market, it can affect ripple as JP can
take over as they have a big name about this business, businesses will care about the people behind before they go ahead and
support a projects.

Ever since then I don't trust JP Morgan for me it's just their way of marketing strategy so they can make easy money out of it. Ripple has always a potential as more and more people invest in it and use it. 

No one wants to buy XRP. Everyone that got it for free just want to sell it.

XRP shouldnt fear JPM coin but should fear XLM. IBM is using it alrrady for any internal transaction and made 6 banks sign an agreement that they would use XLM, too this week. IBM produces the hard and software any bigger bank is running on ...

With this speculation from people, I am still not seeing a negative effect on XRP.
Instead, it's stable now and still hold a good ranking in the market, we might not like XRP but it has proven to be worthy to invest in this coin.

Actually each coin have their own plus and minus. And their community will support it even people keep said not like that coin. For me or maybe us as traders, be neutral is good, because if we can take that moment as our advantage, will be better.

Wow sir...all people who had it for free already sold it 2017-2018 ded sorry sir

Big corporates like JP Morgan will not play games like that, they have their international businesses around the world and they find that a crypto platform will make their job easier, i do not see any value in XRP and they are created for the corporate structure. There will be competition between them as both are centralized platforms. :P

I guess coin should be very different from XRP. So, it is not true that the price of XRP will be dumped because of JP. In addition, the strongest in this market can always survive. Already, if XRP does not have the power to compete, it will replace with others.

Exactly man. And come on, as shitty a coin as Ripple is, how can an even shittier coin like JPM Coin, who will be managed by people who have no clue about blockchain or crypto, kill it?

Even with all the experts they want to recruit, no respectable dev will join JPM. They'll get a second class coin, that's all.

Plus, XRP and JPM are both on the same side of the fence. They'll cooperate, not compete.

Yes those who are in the higher ranking always spreads the FUD's.
I guess they just want ROI since they are also paying people to spread them in social media or paying the local news to make it happen.

Those are both centralized coins so I dont care much. But if they are still hitting bitcoin with bad news it would be best to fight them with whatever battle they want.  ;D

I think that first of all it is not necessary to pay attention to all these fakes, which are spread by unscrupulous people. Each of us has a special personal opinion in relation to these two projects, and if we make a certain analysis, then the conclusions will indeed be positive.

The name JP Morgan goes through a lot of manipulation. I'm being careful. Xrp has made a lot of deals recently. I think it will come at higher prices.

This sounds more like a conspiracy theory rather than anything based on fact because JPM coin is using a private blockchain designed for a similar purpose to Ripple's but aimed at a different market, and there's no real competition between it and the XRP currency so it's unlikely this was the reason

I think this strategy will not affect the price of XRP too much. All such FUDs have happened too much and the investors have experienced this.
XRP has been around for a long time in the crypto market and JPM is just a new altcoin. It needs a big community before it wants to fight XRP.

yes i agree with you ..
jpmcoin was created using the own blockchain  so there is no competition between jpmcoin and XRP. I think jpmcoin will be easy to develop and can be equivalent to XRP

So when we have both coin with the same capabilities it will result us to be in loss with one coin right so that conspiracy theory looks acceptable as well.

IMHO JP Morgan don't need XRP at all. If they will create a real coin with their real user base, this can make XRP useless. They don't need to own XRP to make a short trade in margin section) 

How can be worth to put money in something worthless that will cost nothing?