Bitcoin Forum

Isn't it weird that JPM embraced Bitcoin in June but has now changed its mind? Isn't it funny that this so-called expert predicted a collapse and then it occurred? Is it a coincidence? Not at all!
We think that JPM, with its massive financial resources, enforced a Death Cross and began a sell-off in order to get a cheaper price. Now, their so-called expert in London has claimed that the sell-off is not done and that he would buy-in at $25,000 per share. JPM appears to be manipulating.

Your thoughts?

I don't give a shit about JPM. I simply hold Bitcoin because I believe in its intrinsic qualities and its future, regardless of what morons like them think or don't think. I would prefer that institutions continue to adopt Bitcoin, but if some don't like it or change their minds, I don't care.

JP Morgan isn't a friend and so is other businesses out there that are "supporting", they're just here for the profits, always remember that. Jamie Dimon has been a strong opposition of bitcoin so seeing him soften up means that there is something fishy behind it and it is because they launched a bitcoin ETF that is basically an ETF that is riskier than being on the bitcoin market.

It may be JPM, it may be TSLA, it may be others... however, who cares? Without proper proof you cannot do anything and even then, crypto markets are not properly regulated and as long as this remains like that, big & rich entities will profit.
What can we do is to understand when manipulation happens and profit (sell high buy low, or BTFD) or at least HODL.

It is not new.

He was known to be changing his stance towards bitcoin despite of his announcement that they have invested in bitcoin already, his company, then he stated a bearish word that would confuse the people and market.

No need to put your focus on him.

Well this is what they do, and they should buy at $20k, but I think its going back to the pre-COVID price of $10k and even then it might not find support.

Somebody who bought at $66k is in a world of hurt right now, and at $22k, that's massive sucide, and at $10k, it will be full denial mode.

BITCOIN is worth what its backed by, which is bullshit.

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Everybody knows that March 2000 to March 2021 rise was COVID stimmy check, and Musk types seeking >0 int-rates, ... and pension funds testing the waters, all the big-players having entered +$42K, have gotten their asses handed to them, their praying it comes back before end of quarter, of course if it goes down tons of head will roll all over insitutional finance worldwide, and they ain't coming back for more.

The soy-boys on this site with their 0.05BTC holdings is not what sent btc to $66k, and certainly guys like Musk used corporate loans to buy btc, so the losses are just loss of cash, its debt that isn't going away. Now everybody is expecting interest rates to rise, so there is no longer an argument to 'plug your money into btc for the rise', as the bear market is now a known-known, and it ain't going away. So its just a slow implosion now towards low $20's, then to the $10k's as seen last spring pre-covid trillions of easy&free money, which much flowed to bitcoin.

With no more 'free-money' on the horizen, sheep have no choice but to sell btc to buy beer&chips, an toilet-paper, and pay rent. HODL is the biggest lie in the Bitcoin scam vernacular.

If we start from the assumption that JPM or any other bank makes a profit in the first place, then it is quite normal that their decisions and opinions change in accordance with what is currently happening in the market. Seeking honesty and fair play in the world of cryptocurrencies is completely pointless at the moment - so one should not be surprised by all the manipulations that take place there.

If anyone had the opportunity to make billions in a way to buy cheap and then sell at double the price, who would resist such an opportunity? The only difference between them and us ordinary mortals is that they have mechanisms by which they can steer the market in a direction that suits them at a given moment.

Seeing the news from them and it alarms as a counter trade on my end. I believe they are on it for the long term (https://www.cnbc.com/amp/2021/01/05/jpmorgan-bitcoin-price-could-rise-to-146k-as-it-competes-with-gold.html) and this might be just a FUD to or to shake the market for them to buy that cheap.

They made an interesting analysis (https://www.investingcube.com/bitcoin-price-may-not-go-back-to-40000-after-all-jp-morgan/amp) just this January as well and it could be a slap to their analyst face that it even goes to $60k+. So don't worry if JPM made a headline recently, they are just speculators as well but a high level one since some noobs consider them Gods in the financial world wherein crypto isn't their domain.

Weird? You've not been following the news before this then. JP himself and his own bank don't often think on the same wavelength, and they've been saying and doing contradictory things with Bitcoin. Your conspiracy, unfortunately, isn't an old one. So if you actually believe in it, then you should be buying on their rumours and selling on their news.

All is fair in Bitcoin and war, bud.

JPM has a long history f manipulation, years before the appearance of Elon Musk and Tesla.

Bitcoin is in a bear market if you take the MA200 or EMA200 and also the death cross is about the happen. It is a speculative future but it can be a trap. Do you think Bitcoin market is in distribution or accumulation phase?

Will it replace the double top fractal of 2013 market?

I don't think that JPM has power over Bitcoin market, not even on the level of Musk's tweets. When the price is up for a while, it's very simple to predict that it will go down because it always does after the bull market. So I see neither expertise no manipulation in this case. JPM cares about profits and profits only, so of course they're interested in the price going down, so that they can show their investors that the traditional market is much more reliable, and also perhaps buy the dip. So sometimes they're allegedly pro-crypto, while other times they aren't. They go with whichever seems like a more profitable thing to say.

Doesn't matter though, JPM has a history of making U-turn statements on bitcoin. Don't forget 2017 attacks so it's deja vu. They are obviously here to make money out of the market and that is what they are doing.

It's just how we react with this news, the problem is that the market is not mature yet, and everything is taken by newbie investors as like etch in stone specially with big bankers like JPM.

Everyone could say same thing like JPM does, he tell to wait Bitcoin until reach x price but he could sell it without make any announcement and vice versa. If someone only say he already sell or still hold Bitcoin without any proof of signing messages of his wallet, there's nothing to believe since it's just some manipulation to the current market.

However JPM doesn't have large power to manipulate the market just like 2017-2018, so history wouldn't repeat.

It’s possible they’re just releasing negative stories to attempt to suppress the price so they can accumulate more. Either way it’s just best to ignore outside noise & stick to whatever plan you have.

Don't give JP Morgan too much credit on influencing anything involving the crypto industry as compared to others they can't make as much noise as what Elon Musk is doing. Even if you have asked this last 1 or 2 years ago I wouldn't say they are "manipulating" anything as they have negative comments about Bitcoin during its bear market. The ones who are manipulating the market right now are either the whales or maybe Elon Musk with his tweets but JP Morgan they were never in the limelight of any kind of influence in the market.

Honestly speaking I don't know who is behind this but It's their strategy to make money by manipulating the market. Big investors mostly doing this as they do not have sympathy with the small investors as we all know they can make a whale move and shake the market because of their big holdings. Now I don't take seriously any business persons that invested heavily in Bitcoin. I trust BTC because of its potential not on the influencer words but it's not easy to manipulate now because investors are also getting smart they don't care about these businessmen.

True, those companies, or people supporting bitcoin aren't doing it for charity. It's not truly pure intention. Of course they want profit, and will maximize the chance, do anything to gain them, and it's not weird at all. Although manipulating sure is bad, but what can powerless people like us do? Nothing. If the market are being manipulated by big players, we can't even stop it, or do anything, we just need to go with the flow while still being cautious and make the right decision to avoid our loss.

I don't buy all these stories that speculatively predict bitcoin will reach x in y amount of time. Although yes, indeed there is some manipulation that going on through the market. But times change, so does the peoples. The thing is any organization or entity could make an absurd claim about the cryptocurrency market in order for their own profit. The FUD has been here all along. One thing I know for sure is Bitcoin fundamental technologies are still preserved. And that assuring me enough for Bitcoin's future.

Jamie Dimon. Shall I say more?
JPMorgan is not a not-for-profit, what do we expect from an investment bank like that?
I'm with LFC and many others here, let us ignore the JPM fud, bitcoin it's not about the price, don't just focus on that.

don't trust too many influencers or people who are famous for their controversy. Because their goal is to get more profit too. There are lots of FUDs circulating about bitcoin crashing the price and some whales do it on purpose to get a lower price.
Market manipulation often occurs including those related to JPM, this is old news and continues to be done.

JPM just wanted media attention here. Before they were giving negative criticisms towards crypto and then, later on, they jump on board as well. And now, they are making news again. Don't care about much of these people, they are hypocrites in this industry. Better mind our own business and strategize how to take advantage of the market.

How many people do you think have such an opinion, maybe 5% or am I exaggerating with that assumption as well? Ever since I know about BTC, and it's been 8 years, I've talked about it with certainly more than a hundred people of different profiles - and none have been interested in anything other than price or rather profit. Like it or not, price is what people are most interested in, and that may never change.

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As for the fact that JPM is some reason why the price has drop, haven't we already blamed EM and China for that?

That's okay. To each his own, we say right?
If people want to focus solely on the price, let them, I personally don't care. Let them watch the supercar while being unable to drive it and experience it for what it is.
Bitcoin's a tool for those who want to make the extra leap forward. I'm concentrating on those people, not the majority which is hopeless.

I wish people would stop blindly following & believing what bog corps say. Usually whatever they say, they do the opposite. It’s their job to be one step ahead of you. Look at the link below.

https://twitter.com/btc_archive/status/1400470461188874242?s=21

They are adopting bitcoin right in front of our eyes. 

These influential people want to benefit from the crypto rise; they want to create more noise and become at the forefront.
It's no doubt that they see huge potential from this technology. If you're known for being what they are, you might want to do the same.