Bitcoin

[invot]

Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?

[Opnsrc]

Bitcoin fraud? Hahaha. Are there still people who calling bitcoin like this?
Let's  see what they will say when bitcoin will be 10000$.

[JCB44]

There are still lots of people calling it a ponzi scheme lol 
They cant really understand that price is determined by supply-demand and there are no guarantees that it gonna rise like in ponzi schemes.

[odolvlobo]

Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?

JP Morgan has been fined many billions of dollars for participating in frauds (including the Bernie Madoff ponzi scheme), so you would think he knows what a fraud is. I think he misspoke.

There are still lots of people calling it a ponzi scheme lol  
They cant really understand that price is determined by supply-demand and there are no guarantees that it gonna rise like in ponzi schemes.

People that call Bitcoin a ponzi scheme either don't know how Bitcoin works or don't know what a ponzi scheme is. Bitcoin cannot be a ponzi scheme because it is 100% transparent.

[Coin-Keeper]

He is so "out there" threatening to instantly fire any employee he discovers that owns/uses BTC.  Where in the law would that fly, and what a stupid thing to say!!

[betudontbet]

Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?

Bitcoin has been called a fraud since the start.
Bitcoin itself fluctuates on supply and demand between July and August the bitcoin price raised from 3000 to 4800 there is nothing wrong with it, this kind of volatile price is normal.
Many bitcoiners selling and the price went down, many bitcoiners holding the price went up and so on. Add to this the difficulty of mining bitcoin day by day.

[HashFace]

JP Morgan Chase needed a $12 Billion bailout and still takes $14 Billion/yr in government subsidies ... how many government bailouts has BitCoin needed, Jamie?

[BenOnceAgain]

JP Morgan Chase needed a $12 Billion bailout and still takes $14 Billion/yr in government subsidies ... how many government bailouts has BitCoin needed, Jamie?

Fines, fines, fines... http://www.corp-research.org/jpmorganchase

(AKA cost of doing business)

[tweetbit]

The more we were talking about that insecured human being, the more we make him famous to be the ignorant one. Being a rich man with good fortune doesn't permit him to belittle others who goes beyond or different from what he is doing. His interest and greeds pictures his persona and painting his attitude in anger by some is a must and he deserve more than what we bitcoiners want him to be experienced someday.

[Gotomoon]

There are still lots of people calling it a ponzi scheme lol  
They cant really understand that price is determined by supply-demand and there are no guarantees that it gonna rise like in ponzi schemes.

Exactly, there are many people saying bitcoin is fraud and a ponzi scheme. But if they allow themselves to know more about bitcoin they can learn that it has many benefits that could offer to anyone users. Yes it is really the demand and supply that price may decrease and increase.

[AlienSeeker]

There are still lots of people calling it a ponzi scheme lol  
They cant really understand that price is determined by supply-demand and there are no guarantees that it gonna rise like in ponzi schemes.

Exactly, there are many people saying bitcoin is fraud and a ponzi scheme. But if they allow themselves to know more about bitcoin they can learn that it has many benefits that could offer to anyone users. Yes it is really the demand and supply that price may decrease and increase.

I agree to the both of you! Saying bitcoin is a fraud is somewhat delusional. Maybe if they will have a thorough investigation about this 'fraud', they will be addicted, too. They are being so narrowminded. I always tell my friends that supply and demand are the factors for bitcoin's unstable price.

[smartbitcoininvestor]

Don't be tooo worried if the chief officer of a major BANKing corporation has a few negative things to say about Bitcoin.  He is merely protecting his investment and assets. He knows he's in deep trouble and is probably investing into a cryptocurrency right now, say Ripple.

You can't trust these banking guys because they are experts in fudging numbers out of the thin air unlike entrepreneurs and real business owners.

[ObscurePen]

Are you out of your mind? Bitcoin bearish? How? Who the hell told you that? Bitcoin does not have a bearish market. Have you seen its price growth for the last decade? Bitcoin has been rising like hell. I know the market has been acting a bit bearish at the moment, but that does not give you the right to call it bearish. You have to take into account the entire expanse of the Bitcoin market to characterise it as bearish or bullish. And as the poll has shown very clearly, much of the Bitcointalk community think of Bitcoin as bullish.

[BTCLovingDude]

Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?

people have been calling bitcoin names for ages. from being dead and rat poison to things like ponzi scheme. and not "fraud". and none of it ever mattered and it will not matter when big and advanced countries like Japan has adopted bitcoin as a real currency.
in fact these people are making a public idiot out of themselves when they say things like that!

and the reason why they say these things is either because they feel threatened by bitcoin or they want to make profit from the drop. there is no other possibility.

[MattHoo]

Although the JP Morgan chief executive, Jamie Dimon called bitcoin as a fraud, many countries still accept it as a way of payments. And i believe it will go back to a high price in the coming days.

[Ayiranorea]

Let them describe it a fraud, because even in the early days of bitcoin's growth several such issues have come as an obstacle on its path. This has been overcome by the growth causing with the support of the entire users. One such is the important developer describing it as a failed experiment and moved to something new. The price dropped, but it regained all of the sudden.

[HabBear]

I don't understand your poll question.

Jamie Dimon's position is obviously bearish. Is that what you're asking us to respond to? Whether his opinion is bullish or bearish?

Or is that you're asking if his bearish opinion of bitcoin will have a bullish or bearish affect on bitcoin? E.g., a guy that runs an investment bank (the "enemy" of bitcoin) talking shit about bitcoin would actually generate more support for it

Or are you asking if we're are personally bullish or bearish?

[rodskee]

Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?

i think jp morgan called the bitcoin fraud because his panicking and insecured about the bitcoin popularization in the world as decentralized currency, bitcoin treat  to the bankers to replace bitcoin as currency later on.

[Yuhee]

I don't understand your poll question.

Jamie Dimon's position is obviously bearish. Is that what you're asking us to respond to? Whether his opinion is bullish or bearish?

Or is that you're asking if his bearish opinion of bitcoin will have a bullish or bearish affect on bitcoin? E.g., a guy that runs an investment bank (the "enemy" of bitcoin) talking shit about bitcoin would actually generate more support for it

Or are you asking if we're are personally bullish or bearish?

I think we should not just judge something on just one event. Ya its common norm to criticize mistakes but i dont see price falling a a mistake. It is just normal for traders to see fall in prices. Because trading would be none sense if the price just go one ways. Price still need to go down to at least have a pump again. So i say stop this issue and accept the fact that btc is a stockmarket.

[Wylie330]

Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?

It's just a FUD news.