Jamie Dimon triggered crypto selloff?

[hah]

Most people here wouldn't make any money off bitcoin if they sell everytime someone tells them that bitcoin is a scam. I use bitcoin and I believe in the tech that is enough for me to hodl.

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[Alanin]

Jamie Dimon and Co missed the BTC train

[turbulence]

man i know i'm late but i just saw the charlie lee cnbc interview and holy shit that was embarrassing and making crypto look like a huge joke. this guy should not be publicly speaking or tweeting or anything

[btctuxedo]

Jamie Dimon Calls Bitcoin “Fraud,” Despite Clear Conflict of Interest

https://cointelegraph.com/news/jamie-dimon-calls-bitcoin-fraud-despite-clear-conflict-of-interest

[d0r10n]

man i know i'm late but i just saw the charlie lee cnbc interview and holy shit that was embarrassing and making crypto look like a huge joke. this guy should not be publicly speaking or tweeting or anything

Are you talking about this one? - https://www.youtube.com/watch?v=OxWM6rJV0nk

He made me cringe on a few of his responses, he's not very articulate and can't seem to convey his message to a non crypto audience.

[yua_na]

That old guy is just afraid if bitcoin going to $100k. He is too late to adopt bitcoin, he just moron know nothing about crypto. Most old people in wall strret is moron. Only can talk. Know nothing about technologies. Sorry for saying these words but those are the fact abput old people at wall street.

[poodle63]

holy cow!! I do not see those tweets now in his account, did he removed it already or am I missing something?

it is not tweet. it is news of CNBC.
https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html

Thanks for the clarrification but it seems this thread already mislead a lot of people about that. Why so many people are speculating about the future of crypto at this time even wsj always try to attack the crypto currency.

[krizniq]

What was Charlies tweet? Seems he deleted it.

He did, i have them screenshoted if anybody interested

[arpon11]

Most cryptos have gone red in last hour or so. Maybe this news is the reason this time:

https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html

Hope the recovery comes soon.

Yes the news is actually the reason as his comments is actually an attack on bitcoin and others cryptocurrency integrity. I think we have many unprofessional traders in bitcoin cycle more than stock and forex and that is why we always take attacks from the enemy of freedom bitcoin and altcoins came to create as a friendly advise. Jamie is not for you is against you!

[turbulence]

man i know i'm late but i just saw the charlie lee cnbc interview and holy shit that was embarrassing and making crypto look like a huge joke. this guy should not be publicly speaking or tweeting or anything

Are you talking about this one? - https://www.youtube.com/watch?v=OxWM6rJV0nk

He made me cringe on a few of his responses, he's not very articulate and can't seem to convey his message to a non crypto audience.

yep that one

[Savik]

What was Charlies tweet? Seems he deleted it.

He did, i have them screenshoted if anybody interested

Id be interested, can you post them here or send PM? tinypic.com works for uploading them if you want

[finthebar]

Several points to counter the fear and irrational selling

1. Jamie Dimon is CEO and Chairman of the largest TBTF bank in the USA, he more than anyone else benefits from the Fed's unlimited printing of fiat currency. Naturally he will criticize any threat to the current system.

2. The supply of bitcoins is mathematically limited to 21M, there simply aren't enough bitcoins for everyone that wants one. We tend to forget on this forum but bitcoin is an alternative monetary system that is immune to central bank skulduggery where we can receive our salaries in bitcoin, pay our bills with bitcoin and store our wealth all in bitcoins.

3. The middle and wealthy classes in Venezuela, Kenya, Zimbabwe, El Salvador and many other other countries need vehicles for keeping their money safe from debt collectors and acquisitive governments. That vehicle may be Bitcoin, Monero, Zcash, Dash, etc.

4. Fiat currency seems to be losing its purchasing power more every passing year, The CPI is supposedly 2% but I don't see it. The prices I pay are increasing much higher than 2% and all the other supposed inflation hedges like gold, gold mining stocks, etc simply are not working. Bitcoin seems to provides a hedge and more investors will likely reach the same conclusion.

I wouldnt underestimate Jamie Dimon. I would also think that his comments didnt just "come up", he would typically be motivated in making specific comments. Its all interesting.

[Savik]

I wouldnt underestimate Jamie Dimon. I would also think that his comments didnt just "come up", he would typically be motivated in making specific comments. Its all interesting.

I absolutely agree. No doubt he has inside info on what regulators plan to do with cryptocurrency, and I believe at the absolute minimum they will come down hard on ICOs like every other country has. This will be enough to crater the entire market for a short period of time.

[Buyingallcoinsz]

Who?

[Btc_1856]

Till now there are many major countries regulated Bitcoin because they see the potential market of Bitcoin. I think nobody cares about Jamie Dimon and even many time McAfee owner directly mentioned that Bitcoin will reach to more than 500,000$. People will spread more negative than positive that's how human being life is.

[nadrojcote]

Till now there are many major countries regulated Bitcoin because they see the potential market of Bitcoin. I think nobody cares about Jamie Dimon and even many time McAfee owner directly mentioned that Bitcoin will reach to more than 500,000$. People will spread more negative than positive that's how human being life is.

He's not the owner of McAfee. John McAfee was the original creator of it and he's bat shit crazy. This is why his comments don't get a lot of love from respected investors.

You may not care what Jamie Dimon says, but when it comes to whales in the market they do. They're the ones dumping in mass amounts of money and then pulling it out on a whim. They're the reason us bitcointalk.org users have no clue what's going on in the market when it goes up or down. We're flies on their pile of shit when it comes to the effect on the market.

[BlackWidow]

Everyone knows his bias.


Trust me, that only helped us, people are seeing thru the bullshit better these days.

They definately know not to trust bankers

[psycodad]

When a bankster tells you to buy, don't - when he tells you to stay away, buy.

Worked fine for me in the past as they are only selling things that bring them profits - not you.

[mnemonicsoup]

Nobody cares about Charlie Lee, it's the China FUD plus this Bankster plus whales playing the down market.

The crypto market does what it always does, hodlers shouldn't care. The good side about these down markets is that weak hands are shaken out, nobody needs them.

[ruffles2016]

I think he did. I believe big crypto investors ordered their brokers to cancel their all investments. Or something like that. I feel like market will recover. But its really sad to see all altcoin in red numbers for sure. Even good ICOs are now sold away.