JP Morgan creating their own bitcoin storyboard with the help of Bloomberg

[pooya87]

Not sure why people continue to be so salty about this? It's just them riding the crypto hype, so what?

it is because of the hypocrisy of them.
otherwise there are lots of others who have done something similar, banks, and even governments that have started their own cryptocurrency but people don't really sweat about any of them because none of them attacked bitcoin or spread FUD about it!

[figmentofmyass]

I shake my head at this. This is fake news that was created by the corrupt journalists in Bloomberg and was paid by the scammers from JP Morgan to release it to the public.

nah, i honestly think it's more innocent than that.

any time the price moves in any market (not just crypto), media commentators make shit up like this. they always try to explain why the price moved when they actually have no idea whatsoever. often times, there is no news at all, just technical changes to supply and demand (sellers drying up, demand increasing at lower prices). but of course, they still come of up with some bogus story about why price moved.

However, it is never more innocent than innocently creating a clickbait title or a deceiving article to get more clicks or to spread fake news. As journalists, it is their responsibilty to know than to write fake news like this, I reckon.

haha, those are pretty lofty ideals for journalism in this day and age. these aren't the days of walter cronkite anymore. clicks and views are all that matter, hence "clickbait". it's sad but true.

markets rallying and crashing provides the news---they're just trying to come up with new angles to sell it for extra hits. i'm just surprised that anyone is surprised anymore.

[buwaytress]

Figmentofmyass probably right. If you look back over the years and see media headlines, especially from these really old proper media channels, then you get editors who instruct journalists to do coverage.

Remember these aren't usually techies, these are just analysts and researchers. So they write what they can see and hear, what's observeable.

Definitely innocent, ignorant but not insidious.

[bbc.reporter]

@figmentofmyass. We might not be surprised, however, what about the people who are not included and informed about the cryptospace and the scams? I reckon they might be looking at jpmcoin as another good investment similar to Ripple XRP.

[KennyR]

@figmentofmyass. We might not be surprised, however, what about the people who are not included and informed about the cryptospace and the scams? I reckon they might be looking at jpmcoin as another good investment similar to Ripple XRP.

What's been mentioned could happen, but this won't strike the global market easily. Think of ripple, people have never heard about it, as well doesn't know what's gonna happen with coin. For this JP coin might work from the back end and at some right instance strike the market getting listed on the top.