JP Morgan buys Bitcoin (after Dimon crashed the market)

[yugyug]

that's the big advantage if you have the power, influential and famous and most of all the boss of one of the biggest financial institution in the US, you can easily distort the fact by using media and manipulate the market in order to gain the favorable and desirable position, so when everyone got panic and staying out of their position selling their shares thinking that it will crash sooner, then Mr. Dimon buys BTC at cheaper price - he has his last laugh.

[feelmuhtoy]

That is mr.dimon's demonic act on how to manipulate bitcoin price

[Pearls Before Swine]

I get it; this is what they all do, and they're all market manipulators.  In the
case of cryptocurrency I think this is still legal for JP Morgan to do.  If this was
the stock market it would be blatantly illegal, because stocks are securities
and are regulated by the SEC.  So they can use the media to their advantage
with their opinions (which carry great weight) and can trade off that.  It's
insane to me, but for now that's the way it is.

[masterwakokok7]

Well, that's how a businessman's mind works. Dimon targeted the emotional imbalances of the investors stating that this industry is fraud. What Dimon did was an emotional blackmail, instead of holding onto their coins they were forced to believe in something that this industry will fall and the result is as expected. A lot of investors sold their coins to contribute to the downfall of the price of Bitcoin in the market. JP Morgan uses that as an advantage to buy coins for themselves. I will not be shocked if Dimon suddenly reverses his statement towards Bitcoin. That's how manipulative a man and his company can be.

[intrader]

Everytime I saw his face on internet I feel like to throw shit to his face

[MadMac]

JP Morgan is a fraud, so they just made sure that Bitcoin is compatible

[intrader]

JP Morgan is a fraud, so they just made sure that Bitcoin is compatible

Actually he is a big scammer,but people will forget and fall to his trick again in the future,he will make statement again stay tunned

[Nerman]

Since they have money and they are very influecial many people will listen to them and they know that the price will dip.Most likely they intentionally announce that to have an entry point to invest. Sneaky sneaky sneaky.

[MadMac]

Maybe after all it will be a good thing. Banks now actively go into Coins, meaning the acceptance will widely increase and it becomes something else than money for murderers and drug dealers.

[intrader]

Since they have money and they are very influecial many people will listen to them and they know that the price will dip.Most likely they intentionally announce that to have an entry point to invest. Sneaky sneaky sneaky.

They can’t build they happiness on someone else’s pain, Karma will get their.

[BitcoinNational]

He did it on purpose, he knew that he was about raising fear, accordingly price decreased and so easy for him to buy with an interesting price.
It's just a question of strategy

[MadMac]

This guy probably soon retires, before the Dollar completely crashes and he likely will end up in jail. One last stunt.

[olushakes]

JP Morgan, the global banking giant, has bought 19,102 bitcoin shares in the Swedish Nasdaq traded bitcoin ETN, translating to around 95 bitcoins, worth some half a million dollars.

They also sold around 9,000 shares, translating to some 40 bitcoins, seemingly keeping the rest, at least for now, according to data provided by the ETN.

http://www.trustnodes.com/2017/09/16/jp-morgan-buys-bitcoin-price-rises-20

How funny is that? The CEO of JP Morgan goes on an interview and says Bitcoin is a fraud and everyone trading Bitcoin on JP Morgan is an idiot and will be fired.

Price crashes and hours later the buy a lot of BTC.

Looks like panic sellers got played out by the whales again.

If that is the case, then the people who make the whales to continue to be relevant, have been successful once again and they need to be commended to have made another win. I don't blame him but the ones that made his FUD possible and not only the panic sellers but also the bloggers, the Ops, the news site, tweeters and retweeters that makes his comment so popular that could cause panic all over the globe because without them, then nothing of such could have happened.

[batang_bitcoin]

I've been seeing this news all around the forum and this is the popular thing in the bitcoin world today. Dimon is a real marketer and strategist, he knows how to play in the market and make a good amount out of his mouth. He knows how to play with supply and demand and by saying that bitcoin is a fraud, it's planned and he knows many will panic when it came out on the mainstream news.

[rjbtc2017]

JP Morgan, the global banking giant, has bought 19,102 bitcoin shares in the Swedish Nasdaq traded bitcoin ETN, translating to around 95 bitcoins, worth some half a million dollars.

They also sold around 9,000 shares, translating to some 40 bitcoins, seemingly keeping the rest, at least for now, according to data provided by the ETN.

http://www.trustnodes.com/2017/09/16/jp-morgan-buys-bitcoin-price-rises-20

How funny is that? The CEO of JP Morgan goes on an interview and says Bitcoin is a fraud and everyone trading Bitcoin on JP Morgan is an idiot and will be fired.

Price crashes and hours later the buy a lot of BTC.

Looks like panic sellers got played out by the whales again.

He is really a manipulative jerk.  Same with those mainstream media who continously putting bitcoin as a bad thing and painting bitcoin a bad color.
Weak hands do not deserve bitcoin and with these big people knows that bitcoin is a big thing.  It is really funny and at the same time it is also disappointing yet amusing.  He is manipulative smart.  He is a businessman we shouldn't be shocked if he will do this again.

[Xester]

JP Morgan, the global banking giant, has bought 19,102 bitcoin shares in the Swedish Nasdaq traded bitcoin ETN, translating to around 95 bitcoins, worth some half a million dollars.

They also sold around 9,000 shares, translating to some 40 bitcoins, seemingly keeping the rest, at least for now, according to data provided by the ETN.

http://www.trustnodes.com/2017/09/16/jp-morgan-buys-bitcoin-price-rises-20

How funny is that? The CEO of JP Morgan goes on an interview and says Bitcoin is a fraud and everyone trading Bitcoin on JP Morgan is an idiot and will be fired.

Price crashes and hours later the buy a lot of BTC.

Looks like panic sellers got played out by the whales again.

I knew it.  These people are all bunch of greedy.  Considering their wealth they know how to play the price of bitcoin.  It is their tactic to buy more bitcoin because of its current price.  Many who are knew to bitcoin panicked and sold their bitcoins which is the main reason why Dimon do it.  And he succeed.  Thankfully I got wiser now.

[intrader]

JP Morgan, the global banking giant, has bought 19,102 bitcoin shares in the Swedish Nasdaq traded bitcoin ETN, translating to around 95 bitcoins, worth some half a million dollars.

They also sold around 9,000 shares, translating to some 40 bitcoins, seemingly keeping the rest, at least for now, according to data provided by the ETN.

http://www.trustnodes.com/2017/09/16/jp-morgan-buys-bitcoin-price-rises-20

How funny is that? The CEO of JP Morgan goes on an interview and says Bitcoin is a fraud and everyone trading Bitcoin on JP Morgan is an idiot and will be fired.

Price crashes and hours later the buy a lot of BTC.

Looks like panic sellers got played out by the whales again.

I knew it.  These people are all bunch of greedy.  Considering their wealth they know how to play the price of bitcoin.  It is their tactic to buy more bitcoin because of its current price.  Many who are knew to bitcoin panicked and sold their bitcoins which is the main reason why Dimon do it.  And he succeed.  Thankfully I got wiser now.

I just wonder whether next time people will fall to his trick again or not

[Betwrong]

Since they have money and they are very influecial many people will listen to them and they know that the price will dip.Most likely they intentionally announce that to have an entry point to invest. Sneaky sneaky sneaky.

They can’t build they happiness on someone else’s pain, Karma will get their.

I agree. Some say it was a smart move on their part, but I don't think taking advantage of people's trustingness will bring one anything good. They knew well that people would listen to what they are saying and they were right, people indeed started panic selling after  JPMorgan CEO Jamie Dimon called bitcoin a "fraud". I'm sure some people lost money because of that and that's JPMorgan's fault.

[EdenHazard]

Thats how they make money from creating massive panic. For sure some dumpers and amatuers will learn a lesson from that, but for those veterans its just the same old game.

I see that coming, these giants are still using old and seasoned tricks just to flip the market. They're using criticism to make large chunk of profits.

yes it is just an old way to get a dirty money from a dirty mind game.

but i think still people feel insecure with chinese exchanges get forced closure by the government , and considering most bitcoin miner are come from china , the bitcoin mining activity could be slower than usual , and bitcoin holder there in fluster to secure their asset. the choice are to sell them all and the market will remain get dumped.

[pereira4]

Since they have money and they are very influecial many people will listen to them and they know that the price will dip.Most likely they intentionally announce that to have an entry point to invest. Sneaky sneaky sneaky.

They can’t build they happiness on someone else’s pain, Karma will get their.

I agree. Some say it was a smart move on their part, but I don't think taking advantage of people's trustingness will bring one anything good. They knew well that people would listen to what they are saying and they were right, people indeed started panic selling after  JPMorgan CEO Jamie Dimon called bitcoin a "fraud". I'm sure some people lost money because of that and that's JPMorgan's fault.

One would at least hope that people that panic sold in the hands of Jp Morgan and China's ban would learn as JP Morgan has bought the dip heavily, but don't never underestimate how stupid people are. They see in front of their eyes that they got scammed by Jamie Dimon, and im sure that the next time Jamie Dimon goes on national TV to say how BTC is a scam, people will dump again because people are drones. It will take a lot of times until the common folk realize that they are getting their BTC scammed from the same people that are calling it a fraud, but meanwhile they will get intimidated by them and will continue selling, until then, let's rise again to new heights to prove them wrong.