Bitcoin Forum

Did you know it ?
Yep you read correctly.

One of the biggest bank who caused the 2008 financial crisis, has decided to invest in BTC : can you imagine ?
And yet they still try to persuade folks not to buy and trade in Bitcoin ( even if they're doin' it !! ) . As James Dimon, JP Morgan's CEO said: " if I were a thief in Ecuador, I'd choose Bitcoin for sure, only in that case: Anyway, Bitcoin is a fraud that will blow up".

How can you trust someone who was involved in one of the biggest fraud ever seen such as 2008's and not found guilty ?

We don't know how many BTC they bought, but this time they cannot control the system. Like no-one does.

Start thinking on your own.
In blockchain we trust






 

I heard that Jamie Dimon stole 25 billion USD from the TARP funds in 2008. Is that true? He was never investigated, because Barack Obama came to power in that year, and Dimon is a hardcore Democrat party supporter.

He is not dumb to hold US dollars in this current situation and the supply of BTC is limited, he has to scare others of it while he accumulates

This.

Wall Street is starting to eye crypto as a safe haven asset; its not quite as real and safe as physical gold, but it is as liquid as paper gold mos def, and a blockchain makes sure that its actually gold and not just paper :) given this, what we saw was a bit of fud to bring the price down, or at least to prime the market for a decent crash with all the rumors floating about. as I said earlier, this should be illegal, but high level financial officers never get prosecuted for their crimes anyway ;)

i digress.

im suprised they are focusing on btc more than eth/ripple, however. i guess eth is a bit new, but being more centralized, its more mutable. same with ripple. it was completely centralized from day one, this will be a boon for corporate adoption, for the sake of regulation at least.

A bank will omly invest where they strongly believe there is good profit to be made. Of course they do not always get it right but have probably been watching then when they see a 25% drop in price decide to make investment. This could push price back up if other banks put in substantial amounts. It will also hiy financial pages of newspapers increasing demand from readers.

Bitcoin and other cryptocurrency is an economic breakthrough of using money to make an investment
Even if most people doesn't know or believe it,the experts start doing stunt like Jp Morgan by spreading FUD and use the opportunity to buy bitcoin for themselves

JP Morgan boss said that his daughter invested in bitcoin. And now, father decided to invest at biggest scale :D
Now seriously. I think we just saw another example of classic behaviour in crypto markets - Spread FUD about bitcoin to make price fall and buy it at low price.
Funniest part about JP Morgan that they are member of Enterprise Ethereum Alliance.

I am really not sure about the news of JPM CEO Jemie. I think, few days back, he said that "Bitcoin is a scam, worst than Tulip bulb". With this statement and along with the news of China banning ICO and exchanges, drag down the price of bitcoin. However, people like me who believed in bitcoin had an opportunity to buy it at a cheaper price.

So the information you shared, I doubt about its truthfulness. But it si also possible that it was a clever business strategy. They started investing in bitcoin when the price was low and the statement was made just make the bitcoin price lower. But it is now clear that no power can destroy bitcoin. It is like a pheonix. It will rise again and again.

Why did JP Morgan (a bank) invest in Bitcoin?

The answer is obvious - to make money. The only things banks care about is making profits, and every action they make is for the sake of making money and making profit, and this one is no different!

While it looks and sounds good on paper, this is not what happened with near 90% certainty.

JPM Europe division didn't buy Bitcoin ETN's for their corporate accounts, they bought them on behalf of their clients. JPM is an investment bank with millions of clients purchasing from all over the world. They are smart enough to know that if they directly manipulate the price of something that is tracked by ETN/ETF and then purchase said ETN/ETF, they are directly manipulating the price of the ETN/ETF itself which is a punishable offense. The amount of profit they could make off of that would be dwarfed by the lawyer fees, fines, & PR nightmare that would come from doing something like this so blatantly.

We are talking about people whose job it is to manage risk, if they are going to manipulate something they aren't going to do it with the subtlety of a baboon...  ;D :D

It's way more likely that the purchase was on behalf of clients. JPM might have an opinion about something, but that doesn't mean they stop their clientele from buying that something. You are free to be stupid with your own funds after all, just don't expect Jamie Dimon to hire you.

Jamie Dimon is probably laughing at us right now saying "Bitcoiners just double down on their own stupidity" because of this narrative, it shows that the vast majority of users here are completely unfamiliar with the workings of an investment bank, or investing in general.

They are afraid their banking system will fail someday that is why they are investing into bitcoin as an insurance.

I'm afraid JP Morgans plans for Bitcoin are a lot more sinister than trying to make a quick buck buying up as much as possible on the cheap.

This isn't a profit-making bid, it's JP Morgan's longer-term plan to eliminate Bitcoin. Should a great quantity of the coin be controlled by one or two organisations, it's possible to manipulate the market to drive it into the ground.

Definatly true ! Selling Panic has always worked.

For those who haven't already seen I suggest to watch " The big short" http://www.imdb.com/title/tt1596363/ (http://www.imdb.com/title/tt1596363/) . They say "Cryptocurrencies does not have any material correspondence like gold, house or something else" , but how about the fake value of the House-propriety before 2008 ?

We have enough of all that !

In blockchain we trust

ok, but why the perfect timing? how would you begin to explain that?

JPM didn't shape up yesterday, bitcoin didn't start yesterday either. they both have been around for many years and both have been relevant many years and in the media. bitcoin price rises, it reaches its end of rally and slows down. there is a lot of speculation about big corrections and everyone is waiting for a drop (to correct). then the China drama starts and market changes direction to go down drastically. then out of nowhere JPM CEO talks about bitcoin in a negative light and price falls harder...
I don't know about everyone else but I don't call this a coincidence!

That sounds really epic. I think most of folks outside does not even know what a blockchain is, but because their geek-neighbour is trading 24/7 they have to try too. So they do.

The past hasn't taught anything to these guys: betting on the sub-prime before even wondering what the heck was it!
So when some fake rumours spreads out because of their absolute ignorance they start selling : THANKS GUYS, EASY MONEY.

What else can you say ?!

Remember: Become richer is a collateral side, the MAIN goal is to chance the world, in a better one.

But it si also possible that it was a clever business strategy. They started investing in bitcoin when the price was low and the statement was made just make the bitcoin price lower. But it is now clear that no power can destroy bitcoin. It is like a pheonix. It will rise again and again.
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I agree with you buddy. They starts thinking outside the box !
The only knowledge they have is how bad was their world before yesterday...So they want to clean their hands like nothing happened and move forward to the next level where they think they can still control the system.

NOT THIS TIME

Panic selling can take those new to this world, but only them and as we saw the price in quite 2 days came pumped up again. This remarks how good and solid is the system.

Because of its scarcity Bitcoin needs to continue growing

I know only this: after several years of impunity he went to a court in 2013 and HE claimed himself ( and his bank ) GUILTY. So they paid 13 M$ http://www.reuters.com/article/us-jpmorgan-settlement/jpmorgan-agrees-13-billion-settlement-with-u-s-over-bad-mortgages-idUSBRE9AI0OA20131120 (http://www.reuters.com/article/us-jpmorgan-settlement/jpmorgan-agrees-13-billion-settlement-with-u-s-over-bad-mortgages-idUSBRE9AI0OA20131120) .

The thing is they have too much influence on the Gov, because, like other 500-fortune companies, they support both democratic and republican campaigns . In return they have to have something, don't you think ?  :D

Why Jp Morgan invested in Bitcoin?
because they believe Bitcoin will make a profit, and maybe it's a service for their customers who want to invest in Bitcoin

How can you trust someone who was involved in one of the biggest fraud ever seen such as 2008's and not found guilty ?
i think many people are not concerned with the opinion of Jamie Dimon, but they take advantage of this moment to sell and buy back

Politics is a game to them and I'm the least surprised about this. They are all corrupt and they hide behind these politicians to perpetuate their white crime. Dimon and co are capable of more than this and their involvement with Bitcoin to me raises a lot of red flags which we need to be careful about.

Why Jp Morgan invest in Bitcoin?

It is childlishly easy to answer. If you invest in the fud, shorts, and dumps, you want to get something out of your investition. It is all about the money. That what banks care about - money. Nothing else. And everything banks do or say it's all about investing time and effort.

Definatly - it's the only thing they care about : MAKING MONEY gambling on whatever they can speculate. And if someone lost his home, his saving or even his entire life- not their fault of course ! They just was their hands as always they did.

Some banks wants you to sign up to their investment before giving you any credits

This is not just a new currency - it's a way of thinking.

Let's give to the stronger Power a punch ! >:(

I think as all the people of the world that this man was involved in a big scam in 2008 and he has corrupted a very huge amount in US dollars, that’s why I feel he invested in bitcoin, because he declare bitcoin a fraud.

The fraud would be done by Jamie Dimon in his thoughts therefore he alerts the people in advance that bitcoin is a fraud and all their money will be stolen or hacked.

What would he do with 25 billion USD .....buy a small third world country? This guy is earning $10 000 000 bonuses for

nearly fcking up the global economy and receiving bailouts from the US government to save their corrupt enterprise. They

reward him for his failures. We live in a very bad world and the wolf is wearing sheep's clothing.  >:(

for a businessman must be profitable at every opportunity , but it is unfortunate that he takes advantage of the position and fame he has for personal gain and international scale fraud , but luckily I don't believe in such a person, he is nothing more than a coward.

Jamie Dimon is a smart person ,he laid a perfect trap for bitcoiners and I have to agree he made a fool proof plan and no one realized it until it was too late, he bought when bitcoin crashed and now its one of the way for them to earn profits. What all people do for getting profits,first use the people for their own good and blame bitcoin at the same time. Now he is facing some legal case because of lying. What a lying sack of shit people turn out to be IRL.

Yeah, I think JP Morgan had invested in bitcoin of one reason which is profit just like every body else.
JP Morgan are running out capital and they also see bitcoin has better future compared to their traditional banking system.
I think they were looking for the ways to maximize their profits and there is non but bitcoin that is why they have invested into it.

I believe that yesterday jamie dimons only issued a bad statement against bitcoin urgently, the effect is good name jp morgan became bad and could make bitcoin price down.

They obviously invest in crypto business because reputable bankers or financial companies are always involved in any business that has the greatest potential and risk they sometimes encounter in various ways to get maximum results.

It's hard to know what someone's motive is for doing something especially a banker that has a shady background and is tied to the government and politics. He could be saying negative things to drive the price down so he can buy Bitcoins at a cheaper price. It's possible that they think Bitcoin will fail but want to hedge their bets in case it takes off. It's also very likely that they are trying to control Bitcoin for their own purposes by buying as much as they can. Or they could be just trading it even though they think it won't last long term.

Speculation is the evil of corrupted world.
With CC we can change the world in a better way just holding.
I don't care about what other are saying - and as we are seeing the price has pumped up again - like nothing happened.

I think many people involved in trading altcoins belong to the old world, where a bad statement can drop the price and fires a panic selling.

DON'T FORGET ABOUT 2008's - they are the same people.

We, like community,  have the duty of changing the world in a better one ( and if we even earn also coins does not matter :D )

That's what happens, everytime BTC takes a dip everyone stars panicking and announcing Bitcoin's funeral but as we have seen now and in past too, BTC will just keep rising after the setback like nothing has happened.

"If you cant beat them join them", JP Morgan thinks that bitcoin is his big business banking rival so instead to fight bitcoin thru fair and square manner he spent a lot to criticize bitcoin but failed, as a result he cost him more money to lost. Now he is joining bitcoins secretly to cover the lost, if he keep on silent until the end of the year then that's it he already learned his lesson.

You heard? Where? From who? He personally stole the money?

I assume you have evidence to back up your claims?

Some very serious allegations here that also imply that President Obama was in on some conspiracy in some shape or form.

I have thought about it that it would happened,, they're planned works on the last statement he just make that's why bitcoin down up to 2800$.. I can always say that man is hypocrite but can only admired for his marketing strategy.. Hope this be learning a experienced to those who panicked and sold they're bitcoin at that time,, that when a bankers tell a lie they plan something to benefit them..

OP - do you have any links to confirm that JP Morgan is invested in Bitcoin?

I seem to recall that this month, that the CEO of JP Morgan - Jamie Dimon, said that he would fire any of his traders if he found out they were trading Bitcoin.

There seems to be contradicting information here.

Very well said, this happens everywhere in world as the political leaders can do everything, but if something goes wrong with people they arrest.
What I think the news we get is fake since they hide everything to avoid taxes. No one is going to see who invested in Bitcoin and how much until someone raid Bitcoin Wallets.

JP Morgan or anyone who invest in Bitcoin wants to make money for a happy life. It's very easy to make profits by buying BTC's.

No doubt about it as this Jamie Dimon guy is a true 'Demon in disguise'.

Bankers are the modern form of thieves, if you invest money on any banks this days after for how many years you just earn a very small profit that the inflation eats your money whole and it seems that you much better to gamble it to casino than to store it to banks because of their hidden fees and very low profit. And when you borrow a money from them they will give you a never ending interest that will make you pay it for your lifetime.

I truly believe that bankers really hate Bitcoin and Block-chain because they will be a dead industry because of this modern digital currency. It is just a matter of time that the banks will become obsolete just like Kodak.

OP, well said.

Plus there is news saying that JPMorgan is still handling bitcoin orders from their customers even though the CEO seems so anti-bitcoin. It really wouldn't be surprising if Dimon actually is buying bitcoin or holds a short position for bitcoin so that he can use his media outreach to crash bitcoin to make a profit on his short position or to start accumulate bitcoin.

Either way, don't listen to him. He is obviously biased as he is a central bank supporter.

Even I would be afraid to hold a large portion of my assets in USD considering the state of things as they are today. Jamie Dimon is a large prick, we can all agree to that (2008 is waving his hands), but he's not dumb to stay loyal to USD even though multiple signs point that it's crumbling to the core. A nice move yet very common for a big name like his: scare everyone off and pick up their 'trash' to get loads of profit later.

Just watched " Deep web" documentary another time http://www.imdb.com/title/tt3312868/ (http://www.imdb.com/title/tt3312868/) and I cannot mention its last sentence:

Once you've seen what's possible, how can you do otherwise?

We can beat the bank corrupted system if we've seen where the road goes after the tunnel - NEVER STOP ASKING YOURSELF THE RIGHT QUESTIONS

Be prepare. We can do it. Soon.

All bankers are thieves and scammers. We don't have to believe anyone specially bankers. Everyone have his own mind and can do what he want.

Any large company has risky and high-yield assets. I think this is the case.

JP Morgan is an investor and would invest anything that is profitable for his company no matter how many companies he's been started and not only him but CEOs that has seen Bitcoin has potential to be part of his company's growth. That's why JP Morgan sees Bitcoin and he didn't found wrong about it.

This is normal to happen. The top one percent have always tried to control the narrative of how society works, the have always tried to send different messages to the public to make them buy or not buy something, so they can later make a profit

You are right !
That's what it cleary is. Everyone should be aware of this and what all the shits the mass media are talking about.
If they say A , you do B  ;D and you'll be just fine.

Think about that, it makes sense - just trust what you can really prove with the tool you have. Have you said Deep We?  :D

I think as all the people of the world that this man was involved in a big scam in 2008 and he has corrupted a very huge amount in US dollars, that’s why I feel he invested in bitcoin, because he declare bitcoin a fraud

jp morgan is among the richest people in the world, why he invested in bitcoin he just avoided some of the factors of bankruptcy. because if this bank bank is experiencing this crisis is an investment place that can accommodate millions of investment.

Maybe JP Morgan sees something in BTC that we all don't :) Or maybe they're just playing the derivatives game. I can't wait for a token-based futures market to come out, I mean that would really be fun to play with, especially high-value tokens like Nucleus Vision and Jibrel.

They are among the hypocrites just like banks in big countries. On the one hand they hate bitcoin, on the other hand they secretly buy it with a very large amount.

Maybe you don't have trust in JP Morgan, but that doesn't mean they're not smart. They've bought into bitcoin for a reason - to make money. These guys are smart enough to pull off one of the biggest scams in the last decade, and not get caught! That takes some serious intelligence and political pull, so if they've invested in Bitcoin, so should you!

Wow Great news information from you, I dont know much about Jamie dimon or JP morgan, but heard a lot of negative things that they called Bitcoin bubble. From your post it shows they are involved in scam projects.

If it is fraud he should have stayed far away, why he want to invest in such fraud company or Bubble?  If i were the Bitcoin owner then would have kicked them out or blocking their funds.

Its true,they make announcement that make investors doubt bitcoin then if they see the effect they want hey would buy in large value, by the time the investors realizes that their statements was half true it was too late or the possibility of earning high profits is less than to those who bought it early.

We all know that it's still recession in US and yeah he's afraid to hold fiat as the inflation is at high risk and investing in bitcoin is an answered prayer for him. We knew that JP Morgan is a tycoon and an investor so he see it as a ton of money. And as investor, once they see there's a huge potential to it they'll think how they can have and get it in a cheap price like what JP Morgan did when he said that bitcoin is a fraud and suddenly the price crashes and he immediately buy in dip and take profit. No wonder for these people are damn rich now.

Because he knows bitcoin is good to be invested in a long period of time, and later will get big enough profit.

 :D :D ;D ;D Totally true.

HYPOCRATES man !

Your dreams has come true  :D

They know what they're doing, manipulating the market.

Definitely true.
After what all the world discovered what had been happening before 2008 ( and it's still happening in some ways ) NONE of you should really trust such a bad person like are bankers. They want only to gain more dollars and become richer and richer neglecting every human being - they just do not care!

I still don't understand how they were able to not get caught in jail after what they did  ??? ???

That's right. Such simple persons as we are may only guess what is on minds of all those big heads. I am actually on the side on the theory of global conspiracy which is based on making rich people even richer and more powerful. I think everything they do and the world's crisis of 2008 and appearance of bitcoin in the same year - everything made for the same purpose.

I don't understand. Do you believe that bankers are engaged with some sort of creation in Bitcoin ?
I think that is nonsense.

They do not have to act to much outside the box thy created. They can even re-do such a Credit Default Swap game and they are actually doing ! That's why people are getting enough of that and start believing in something disruptive like Cryptocurrencies.