Bloomberg misses the ball (again)... lol

[rstalk7926]

gotta love when Bloomberg completely misses the ball - https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

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[RuralDistubance]

Thats laughable, we all know which system is the real fraud and which one is going to collapse first.    My experience is when they talk like this its because they are scared, Bitcoin represents the end of the banksters fraudulent system and while Bitcoin may not be the one to over take the current system, its definitely a catalyst.

[rstalk7926]

yah but more laughing at bloomberg thinking the fall is due to dimon's words. i feel like most in the crypto world aren't reading dimon's words and jumping on them.

[RuralDistubance]

Yeah that cracked me up, his words swing the BTC market, yeah right.  Egos are being pumped up and lies are being spread, as usual. 

[sylance]

I think this article misses the point but I don't think it's something to laugh at.  China's move is just the first of many moves from them and other governments.  So called 'free' governments control their people through a few mechanisms; access to media, money, and defense.  Control those and you can control your people.  There is no way governments will relinquish control of money, the question is how will they regulate it.

This is why I'm concerned about anyone asking governments to regulate crypto, because if we ask for an inch, governments will start with a mile and go from there.

[yura888]

I think that all these news to throw out many people from the market.

[rstalk7926]

China bans Facebook too, how does that work for them? if they target physical miners then maybe something to be LT worried about but I'm not sure they can do a whole lot of LT impact with such a strong community. Of course only an opinion though, who knows real ramifications.

[Whiplash Wally]

Jamie Dimon belongs in prison. If he's calling Bitcoin a fraud, chances are he sees it as a legitimate threat to his status quo.

[Ucy]

Interesting article. Wonder when  he said those things. Man, the man (is he even a man?) really hate Cryptocurrency.
I bet he eventually invested lots of money in Bitcoin. Hypocrisy runs deep in us human. Lol. Smh

[jnow]

While Dimon is a scum bankster no doubt, the correction coming to the crypto market is overdue.