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Author Topic: Jamie Dimon: Bitcoin Is a 'Fraud'  (Read 1166 times)
cryptocoinplay
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September 13, 2017, 08:09:08 AM
 #1

JP Morgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency.

And Recently bitcoin price started dropping very quick and its like $1 dollars in a minute and within few hours today its now in $3923!!
China keeps the market stable but when "Jamie Dimon" speaks about this market started falling huge!



Check this attached photo:



What you guys feel about this movement?

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September 13, 2017, 08:40:48 AM
 #2

I think maybe he's just the bank owner who wants to drop Bitcoin, so do not worry too much about what he said for Bitcoin, because he does not want to have a rival like Bitcoin, who is more interested in society than the Bank, so He's spreading such cheap gossip for against Bitcoin.

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September 13, 2017, 08:42:05 AM
 #3

I think this is not too problematic for me, but the bitcoin can also give its own advantages for people who want to buy bitcoin to invest, and I think the future bitcoin increase will also happen, and I focus more with altcoin for trading. this is all a chance in narrow, so be patient with the current bitcoin price reduction.

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September 13, 2017, 08:45:38 AM
 #4

it is normal that price have corrections. every plus in nature has a minus.
soham
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September 13, 2017, 08:50:32 AM
 #5

Jamie Dimon is the CEO of JP Morgan Chase and him talking against bitcoin is very normal. Because bitcoin is a threat to his organization and he wants his business running. The motive is strong for him and I can't really blame him because he wants his business to survive. However, I am not understanding why people are panic selling their bitcoins just because a bank CEO criticized bitcoin? 

People will have to be more responsible, I mean the bitcoin investors. We all have to be strong. Because organized forces will always try to discourage us. The money inflow in bitcoin currency over past few months have been impressive and hence we are under attack form the organized forces. Nothing else matters if we trust bitcoin!

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September 13, 2017, 08:56:20 AM
 #6

This made panic between bitcoin investors and obviously this is making affect in the market.

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September 13, 2017, 09:09:33 AM
 #7

JP Morgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency.

And Recently bitcoin price started dropping very quick and its like $1 dollars in a minute and within few hours today its now in $3923!!
China keeps the market stable but when "Jamie Dimon" speaks about this market started falling huge!




What you guys feel about this movement?



Simply Jamie Dimon decided to buy some bitcoins, and to influence the price, decided to make this statement.

The price will go down to $ 3000, Jamie Dimon will give the team of traders buy bitcoin  Cheesy Cheesy Cheesy Cheesy

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September 13, 2017, 09:23:12 AM
 #8

The drop can be caused due to several factors, Jamie Dimon is one of them. Note that Charlie Lee has tweeted yesterday that China was going to ban Bitcoin exchanges and he heard it from a source he could trust.  Smiley Lastly, maybe people are just cashing out to buy the new iPhone X. Hahah Grin
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September 13, 2017, 09:25:48 AM
 #9

I'm not shocked with this news. This is what all bankers will do to protect their business. they consider bitcoin as a competitor. Expect more news like this when bitcoin recovers

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September 13, 2017, 10:21:38 AM
 #10

Bankers usually are rather smart people. They know very well what and when to say. So I believe JP steadily shifts/expands to btc markets and want to acquire at a lower price and get good profit when panic vanishes)))
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September 13, 2017, 10:34:30 AM
 #11

This looks like a strategy of people who wants take advantage of a great invrestment, they started to speak whenever they feel the need to invest. I think they are copying the strategy of guys from the wall street, first they hype about a specific investment, after gaining capital gains, they do profit gainig, then bad mouth it again, since they want everyone who have weak hands to sell their shares to them cheap, i see this what is happening now, but they do not have control over bitcoin, so they say something about it, when times like this happens, well as far as history goes, it always repeats itself, it is always this time of the year that bitcoin drops, gradually but not all the way down to its support, those who are buying for sure will win at the end of the year by the middle of the year next year. Saying bitcoin is a fraud is like saying that fiat is also a fraud,  we should also take a look at it whenever there is a depression, you might as well say that fiat is considered fraud.

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September 13, 2017, 10:41:37 AM
 #12

I don't care about this guy he is an idiot who does not know anything about the blockchain technology, he will eat his words, why said it now, now that Bitcoin has become so popular, this idiot is paid by international bank to speak and create fuds in the crypto world.

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September 13, 2017, 11:00:54 AM
 #13

I'm not shocked with this news. This is what all bankers will do to protect their business. they consider bitcoin as a competitor. Expect more news like this when bitcoin recovers
even that is give big effect to price now, only need time bitcoin price will rise again because the community is stronger than only 1 person who hate bitcoin like him

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777Bitcoin
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September 13, 2017, 11:07:44 AM
 #14

What can we expect for a guy who look for his bank interest first and making accusations in behalf of his greedy officials and government puppets. They were threatened and especially hated bitcoin a lot for they were not being part of what we called "golden age of bitcoin" and much profitable than any investment other than this. Let him be jealous about bitcoin and let it be his nightmare whole night long.
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September 13, 2017, 11:12:13 AM
 #15

Bitcoin is way to powerful to stop. We are just in the middle of a market correction.  The banks are scared crypto will devalue the $1. So they are going to say what they can to stop it.  You can't stop it. How much crime is committed around the world everyday over fiat currency?  Way more then bitcoin. Crime is going to happen weather fiat or crypto. The banks and government are the most corrupt entity's in the world. They will remain corrupt fiat or crypto. Seems white color crime is ok though. People are tired of being taken advantage off by their government and the banks. Crypto gives the little man a chance.  
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September 13, 2017, 11:13:41 AM
 #16

hahaha

he could not deny the market of those illegal activities

he could not see the future of irregulatary


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September 13, 2017, 11:15:34 AM
 #17

Lots of these people  that are haters of bitcoin, saw that the price has really decreased, and start commenting as how it is a fraud and all. They are people that just come when bitcoin is in a bad phase and will disappear once bitcoin price starts increasing. I don't doubt these guys having some bitcoin with them also.
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September 13, 2017, 11:19:17 AM
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I don't think price is falling because of Jamie Dimon. China's ICO ban and now speculations of exchange ban is something which is negatively affecting the price. Also, Bitcoin price was increasing insanely in August and reached $5k in no time from $2800. This all shown a sign of coming crash and now so is happening. Bitcoin will eventually recover this month.

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September 13, 2017, 11:37:37 AM
 #19

It absolutely makes sense that a big bank owner said that BTC is a fraud, since he doesn't want BTC to become a big competitor for fiat currencies.

The effect of the news is only last for a while, then it will be forgotten very soon Smiley

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September 13, 2017, 11:44:59 AM
 #20

We have a lot of speculation news at the moment and they have some affect on a price, still as previously was said there is nothing to worry about, because price of bitcoin was growing to fast and it is just a time for a smal price correction.

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