JP Morgan says Bitcoin is fraud and will blow up ????

[hasarangahm]

guys im so disappointing , china government baned crypto and  bit coin price is going down and ive read this too ... what do you guys think  ??

//The CEO of JPMorgan Chase Jamie Dimon has denounced the bitcoin cryptocurrency as a fraud, bound to fail.

“The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart,” Dimon said at a bank investor conference in New York.//

[geoduv]

Do not believe in JP Morgan ..; they are trying to make a new ICO themselves : https://www.jpmorgan.com/global/Quorum -- so funny !!
ANd China is not the only marketr in the world and they won't be able to forbidden a long time ...

[BJFC1402]

I think that all of them share their interest in keeping all the money to them selves.
Am sure that our community is stronger so wont get so affected by press

[Diego_Armando]

First they try to destroy you, then they try to imitate you. At the end they join you

[mammon]

You guys really think that Exchanges Trade -real- BTC and Altcoin??

It are just 0's en 1's and they hold all your coins in their wallets. You are NOT exchanging real coins.
And I think -that- is what has to change!

[jseverson]

That's kind of troubling. I'm not saying Dimon is right, but along with the crash, this could lead people to panic sell, which would induce another crash. I still believe Bitcoin will normalize to 5k, but recent events have been really tough.

[Casabrandy]

Do not believe in JP Morgan ..; they are trying to make a new ICO themselves : https://www.jpmorgan.com/global/Quorum -- so funny !!
ANd China is not the only marketr in the world and they won't be able to forbidden a long time ...

China is one of the biggest contributor on BTC. If exchange will be ban on their country, then mining industry might be affected. What is the purpose of mining while you can exchange it? Maybe this is the reason why bitcoin is now dumping. Chinese are now exiting BTC

[Bezobraznike]

   JP Morgan did not said that, he died long time ago, it is one of directors in that company or corporation. Here is what I saw
in theguardian:
"Jamie Dimon claims cryptocurrency is only fit for use by drug dealers, murderers and people living in North Korea"
   It is how much he knows about bitcoin community.
   But people have a right to their own opinion, it is what I think. I heard about JP Morgan before, but after so many mentions
here on forum I needed to search more and find what is JP Morgan and it is:"J.P. Morgan & Co. is a commercial and investment
banking institution" He is in opposite team, his job is to spread lies about bitcoin and to try to slow down bitcoin somehow.

[jekjekman]

Jamie Dimon did a comparison between a Tulips and Bitcoin where Tulipsmania happened a very long time ago and take the fact that it is last only less than a year comparing to bitcoin that will almost reach its 10 years of existence, let the haters of modern technology say what they really want to say as I think they are just doing this to get something up to in their own advantage.

Bitcoin is not an immortal currency of course, down trend in price is just a normal thing I think when it comes to currency and in the market. How many times did we knew that bitcoin survives but still go up soon, trust cryptocurrencies and never mind the haters as they only want publicity, for free.

[xandriel]

No. He doesn't known anything about bitcoin. Sorry maybe he known something like bitcoin use for buy drug, weapon. but he should known some people want transfer their money to other country can't use f*king bank because their gov control. Bitcoin is the only hope for them to get away some f*king country

[leyton11]

Do not believe in JP Morgan ..; they are trying to make a new ICO themselves : https://www.jpmorgan.com/global/Quorum -- so funny !!
ANd China is not the only marketr in the world and they won't be able to forbidden a long time ...

China is one of the biggest contributor on BTC. If exchange will be ban on their country, then mining industry might be affected. What is the purpose of mining while you can exchange it? Maybe this is the reason why bitcoin is now dumping. Chinese are now exiting BTC

If Chinese really exiting Bitcoin, that is best time for Russian become a next best place for miners invest to this field. Do you know Russian also invested to this field and want to pass China any time? That is reason China cannot ban Bitcoin.

[Prince8]

its absolutely ridiculous to assume that anything cant survive or thrive because china forbids

meanwhile.. perfect for buying !

[tyuner4]

Do not believe in JP Morgan ..; they are trying to make a new ICO themselves : https://www.jpmorgan.com/global/Quorum -- so funny !!
ANd China is not the only marketr in the world and they won't be able to forbidden a long time ...

This is the crap thing Bankers do. They take the technology and try to kill the founder.

[tyoA7X]

I think this is just a bullshit from CEO JPMorgan. he said like that for the price of bitcoin to fall, so he could buy a lot and poke it for the future. I see JP Morgan also has a cryptocurrency project. its only sensation

[sekapai]

I think JP Morgan CEO hace a lot of bitcoin and he already sold it.
He hope by make shit news  on bitcoin it will make bitcoin going down to the ground more faster..
and he is ready to buy back the bitcoin at lower price.

[Maheshkumar_Hrangkhawl]

Jamie Dimon is the same guy who stole $25 billion from the TARP fund during 2008. And he is thick enough to brand Bitcoin as a fraud? This guy is one of the worst scamsters in the United States. No one should take his words seriously. He should be in prison rather than enjoying his $30 million per year salary as the CEO of JP Morgan.

[Carlsen]

JP Morgan boss said as well that he would fire every anyone trading bitcoin.
I guess he would very soon be the only employee in his company then.
If he does not own a few bitcoins himself. That is not clear to me at the moment.

[RodeoX]

Jamie Dimon is the same guy who stole $25 billion from the TARP fund during 2008. And he is thick enough to brand Bitcoin as a fraud? This guy is one of the worst scamsters in the United States. No one should take his words seriously. He should be in prison rather than enjoying his $30 million per year salary as the CEO of JP Morgan.

This. Plus he has no clue about bitcoin. Oh and Jamie forget to mention that JPMorgan is launching an alt coin.  


https://www.jpmorgan.com/country/US/en/Quorum

[cryptopreacher]

guys im so disappointing , china government baned crypto and  bit coin price is going down and ive read this too ... what do you guys think  ??

//The CEO of JPMorgan Chase Jamie Dimon has denounced the bitcoin cryptocurrency as a fraud, bound to fail.

“The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart,” Dimon said at a bank investor conference in New York.//

Well if you look back over the years in 2015, 2013, 2011, you will see a pattern in these statements all saying the same thing: bitcoin will fail. But seems like the reality is otherwise.

[Cindy1983]

I think we no need to worry about that cause in my opinion I think China government just do it to make some main coin price go down then they will have chance to buy them in lower price. The main reason why I think so is that the tax China government can get every month from Bitcoin mining factories in their conutry is very very big so I think they will not do anything to make it dissappear )). Don't worry and just wait, I believe that Bitcoin price and all other coin will rise up back soon