What the hell is JPMorgan upto?

[YuginKadoya]

Jamie Dimon finally earned a fortune to his daughter who was supposedly being mocked by his father of being Bitcoin enthusiast.

If what you are saying is true, then Jamie Dimon must be investigated for inside trading and fraud. This is not a silly matter. As a result of his irresponsible statements, he caused financial ruin to many hundreds of thousands of people. If it can be proven that he made the statements in order to help his daughter, then both of them must be sent to the prison.

Jamie Dimon is really up to something, I really think he just invest big in bitcoin and riding the wave of fluctuation with it at the same time giving statement like that he is just spreading FUD so he can surely buy more and when the right time comes sell all when the value goes down again, well just my assumption on thing that Dimon is doing right now, and many bitcoin enthusiast commented on jamie's accusation over bitcoin to be Fraud just like John McAfee said that Jamie Dimon is not an idiot but what Dimon said was so wrong, and Jeffrey Tucker believes Dimon's statement was irrelevant,

I do believe even if a company well known like JPMorgan are against bitcoin there are still many well known believers that will surely back up bitcoin.

[savioroshan]

That guy is just trying to create a panic situation among bitcoin community and he wants to take the advantage of the same. Guys I am telling you, its the golden chance to get some more coins and store it in your wallet. Definitely its price will rise . Its 100 percent sure or after one or two weeks later, the same guy JP Morgan will comment a favorable statement about bitcoin to surge its value after stocking enough coins for himself .lol.

[dothebeats]

Why, make more money out of it of course! That is what most bankers are good at: call somwthing fraud and buy in after they get a promising entry. Look, after the said pictures of JPMorgan buying some bitcoins surfaced online, they haven't released anything to disprove it, meaning they really are into it after all.

Typical Wall Street capitalists.

[pereira4]

Jamie Dimon finally earned a fortune to his daughter who was supposedly being mocked by his father of being Bitcoin enthusiast.

If what you are saying is true, then Jamie Dimon must be investigated for inside trading and fraud. This is not a silly matter. As a result of his irresponsible statements, he caused financial ruin to many hundreds of thousands of people. If it can be proven that he made the statements in order to help his daughter, then both of them must be sent to the prison.

He said "my daughter made some money off of Bitcoin, and now she thinks she is a genius"  during his Kodak rant.

It was also said by Dimon that Bitcoin could hit $100,000 before it crashes. So what we have here is subtle pumping while FUDding. These bastards helped to dump the price along with the China ban thing to make newbies panic sell on their lap, now they are loaded up on cheap BTC and it isn't going lower than $3000 again. This is insider trading textbook, I don't know how this is even legal, but then again Dimon is known for billions in actual fraud with mortgages and so on.

[nidacoinlove]

Such a huge scammer is JPM. This is unbelievable and unethical at the same time he such a jurk I never knew it. People with such a reputation will do anything to earn I am astonished. He is such a crab.
I wish there was any law where he could be sentenced for what he did to many people with his one fu**ing statement and look now he is the one who will be enjoying big profit from the bitcoin which he called is a fraud.
This man is a real evil. He is such a big lie. This is how they manipulate bitcoin market and collect bitcoin from others on cheap prices.

[nappoleon]

Wolf and sheep action. Unfortunately, a lot of people are sheep and smart people taken this opportunity to short as well plus we're just 70 billion marketcap that's so small considering it is a borderless currency. It's a combination of both, when we're in range of few trillion in marketcap. This kind of FUD would mean very little. They can FUD all they want today but they can't erase the fact that the fiat system is already obsolete and just a matter of time.

[boyptc]

Yeah Dimon is right, bitcoin is for criminals, murderers etc. I don't know why he need to use such words but after being defended by John McAfee that bitcoin isn't only for those usage as it was replaced by XMR now in the dark web. He just want to manipulate the bitcoin economy and wants to tie his business to bitcoin and maybe he believes now to her daughter.

[jubalix]

if people bothered to sit down and work out what bitcoin actually is, you know read the white paper, do some maths, you would soon arrive at the conclusion::

China is irrelevant
Dimion is irrelevant
USA is irrelevant
every thing is irrelevant excepting 2 things

only::

[1] the laws of thermodynamics, btc /crypto tech has less entropy that than the next best system (this is not to say some pos coin cannot beat btc itself, I mean crypto tech itself). And when I say system I mean alot of the financial markets, gov systems, education systems, system of companies, legal systems

[2] maths need to be changed itself to affect btc, your argument is with the way the universe is put together. If you don't like it go and live in another universe literally is your only choice.

knowing this you can see btc tech is going to take most of the money value out there. It's a question of when. A fraction of existing gov will be left and a rump of all the financial systems if that.

written another way people will see fiat as bad credit, as will countries as will all actors. Where they do not they will be disciplined by the market as their holdings are evaporated away, taxed away, seized or otherwise sequestered.

[alyssa85]

Jamie Dimon might not believe in bitcoin, but his customers do and are instructing them to buy on their behalf.

Also, JP Morgan have been trying to get an alt off the ground - https://www.jpmorgan.com/global/Quorum which is based on the Ethereum platform, and I guess they're miffed that their customers arn't interested and want to buy bitcoin instead!

[AK47-]

if people bothered to sit down and work out what bitcoin actually is, you know read the white paper, do some maths, you would soon arrive at the conclusion::

China is irrelevant
Dimion is irrelevant
USA is irrelevant

Actually the problem is this only. Many people invest in cryptos because of the profit they are giving without understanding the bit of what they are. The worst mistake an investor can make is to invest without understanding the asset. These investors easily panic when situation as created by JPMorgan CEO happens and become the victim of such move. Jamie dimon played nicely and escaped from the situation ruining these panic sellers.

[cybersofts]

Jamie Dimon finally earned a fortune to his daughter who was supposedly being mocked by his father of being Bitcoin enthusiast.

If what you are saying is true, then Jamie Dimon must be investigated for inside trading and fraud. This is not a silly matter. As a result of his irresponsible statements, he caused financial ruin to many hundreds of thousands of people. If it can be proven that he made the statements in order to help his daughter, then both of them must be sent to the prison.

He said "my daughter made some money off of Bitcoin, and now she thinks she is a genius"  during his Kodak rant.

Never mind Jamie Dimon he is the one that knows the advantages of bitcoin better than anyone. the guys is a banker, so he knows a lot about money and trading fairs... Why do you think he's spreading negative FUDs about bitcoin for all this while? It's because he want to buy cheap coins and hold them, that's why. Dimon will soon retire and his bitcoin investment is what is going to feed him for the rest of his life. He has too much loans from the bank so he's looking for ways to cover his tracks and bitcoin tend to provide one.


 

[electronicash]

i don't think however if he is an early investor. he probably got into bitcoin when the price goes more than $1000 which is why he sure spend a lot of money just to get a lot of btc in his wallet. he can manipulate all tokens that catches his attention though.

[tyuner4]

Double standards.

This is what Banks and Bankers are good at.

[Zeeks]

These bankers are a bunch of criminals.  They are doing what they do best. Which is to mislead, lie and steal. Anyone who listens to them is a fool. I wish people would stop being ignorant. They will always try to manipulate the system. That is why it is important not to have weak hands and HODL.

What a surprise, they're attracted to the nasty pump and dump culture surrounding crypto, can you believe that? 

[maurobiasolo]

if people bothered to sit down and work out what bitcoin actually is, you know read the white paper, do some maths, you would soon arrive at the conclusion::

China is irrelevant
Dimion is irrelevant
USA is irrelevant

Actually the problem is this only. Many people invest in cryptos because of the profit they are giving without understanding the bit of what they are. The worst mistake an investor can make is to invest without understanding the asset. These investors easily panic when situation as created by JPMorgan CEO happens and become the victim of such move. Jamie dimon played nicely and escaped from the situation ruining these panic sellers.

I think this is quite typical in not mature markets: many people are attracted by a long-lasting growth. Even idiots can make money, simply make the bold decision to buy and hold :-) But then, whales come and they start to play professionally. Players who will survive, will be much better

[leonix007]

Jamie Dimon might not believe in bitcoin, but his customers do and are instructing them to buy on their behalf.

Also, JP Morgan have been trying to get an alt off the ground - https://www.jpmorgan.com/global/Quorum which is based on the Ethereum platform, and I guess they're miffed that their customers arn't interested and want to buy bitcoin instead!

they are being disrupted and worried to be left behind, now they were interested to consider alts on their business, dirty tricks and tactics can do good with them. business as usual people.

[Pab]

JPM Morgan trader lost 3bln usd in 15 min Big bans caused crash in 2008,many times JPM was suspected for money laundering,that what banksters did with money and economys it is more than fraud,meanwhile there was report usa debt passed 20 trilion dollar,better talk aboutbtc than usa debt and derivatives tic tic nuclear bomb

[jseverson]

It kinda sucks how much these giants can manipulate the market to their advantage. With Bitcoin being the way it is, there's no way to stop them either.

[Zimbabwecoin]

A little bit of knowledge is a dangerous thing. He thinks he has a clue about bitcoin because he knows about legacy currencies. I think he really thinks bitcoin is a scam. That and because he missed out on it personally he can't accept the fact that it is the future.

[iram1011]

A little bit of knowledge is a dangerous thing. He thinks he has a clue about bitcoin because he knows about legacy currencies. I think he really thinks bitcoin is a scam. That and because he missed out on it personally he can't accept the fact that it is the future.

No, if he really thought Bitcoin to be a scam or fraud, he wouldn't have manipulated the market for buying back at the end. He rather played smartely in two ways. One making people panic and getting the price lower for a good entry and the other diverging people away from cryptos because cryptocurrencies are basically against banks. He knows Bitcoin or cryptocurrencies in general are at some level threat to banks.