JP Morgan buys Bitcoin (after Dimon crashed the market)

[Savik]

Bitcoin didnt crash after Dimon statment and JP is not buying btc however wall street traders make huge money on crypto market after houres

Exactly, these traders are the types who will jump into crypto and make millions developing sophisticated trading algorithms and bots.

[cryptocrusher]

I don't think that JP Morgan would intentionally crash the market and only invest 500k. If they were to plan such an event they would be investing hundreds of millions. 500k is nothing to them.

[maydna]

i think weak hands will be panic again, i see the price is down again. i think bitcoin is too easy to be played by some bad people, they only have makes bad news and spread in many places especially in big websites, everybody read the news and they think that the price will jump down and  makes them panic. actually this makes small traders and new people got panic because they see that the price is not going anywhere after the bad news is out. and yes big whales is making a lot of money out there and we are only hold tight while the price is up and down too fast.

[intrader]

Each price falls during the decline, after the price decline, this kind of rumor is happening, but I think it does not reflect the truth, JP Morgan just said his opinion, and therefore a lot of people hurt, but everyone can say own opinion.

He said his shit opinion for his own interest

[AmXProX]

So it was a step to have the price go low so that they can buy coins and hold them until price is high. This banking tycoons are seeing the coins potential,

[farmerandmore]

And after his saying, they take a lot of profit. The price of BTC increase more than people can imagine 

[Gozie51]

So it was a step to have the price go low so that they can buy coins and hold them until price is high. This banking tycoons are seeing the coins potential,

"We "should have known better that making money is strategy.When you are informed and have financial power, you can manipulate the market and this is what has been done . You use money to trap money, this is why rich people keep getting rich because they have the financial strength to get to investment hugely while the low income earners can only invest minimally.

Meanwhile, everybody who bought in September should be smiling now. Is generally about foresight, to invest while the rich are also investing  

[nomad1109]

He obviously did not do this to dump the prices of Bitcoin to get a good entry point. And IF he had done that, why the hell would he purchase for only pocket change? In his world those kinda numbers are not even remotely worth the damage his and his company's reputation would take. The purchases are probably just on behalf of customers who insisted on getting into bitcoin.

[Orsenise]

Jamie has already turned back on many of his promises. He started by stating that Bitcoin is a fraud. Then changed that to Bitcoin's underlying technology (blockchain) might be actually useful. Next he said that he'll never talk about BTC again, and the next day, he starts talking about BTC again saying how useless it is (since it's not backed by a legal institution/government). In my opinion the  man has no idea of what he's talking about. He might be good in finance, but he's old, and out of touch regarding technological evolutions. Stay at what you're good at Jam

[azguard]

Jamie has already turned back on many of his promises. He started by stating that Bitcoin is a fraud. Then changed that to Bitcoin's underlying technology (blockchain) might be actually useful. Next he said that he'll never talk about BTC again, and the next day, he starts talking about BTC again saying how useless it is (since it's not backed by a legal institution/government). In my opinion the  man has no idea of what he's talking about. He might be good in finance, but he's old, and out of touch regarding technological evolutions. Stay at what you're good at Jam

Market and price manipulation you say one big lie to drop something that you want to buy in large amount then you say opposite and price is boom.
And you are right he dont know what he is saying and what that is even mean if he need to answer a single question that is related to crypto think that he would say to buy it.

[Kevin77]

So it was a step to have the price go low so that they can buy coins and hold them until price is high. This banking tycoons are seeing the coins potential,

What were you really expecting in the first place. These are the guys who have always found a way to usually manipulate the market for their own gains. Countries, top guys and everyone knows bitcoin is unstoppable, but due to their position, most of them, probably felt left out for not believing it could work and ended up trying to find the right time in.

The support though is growing stronger, weaker hands are even getting stronger, and there is little no one can do now with FUDs. Most reasonable ones who have nothing to hide such as bill gate, already said it is an innovation that will disrupt and nothing can stop it.

[esatceza]

Perhaps it is the effect of JP Morgan on the user, they want to make the user nervous and sell all Bitcoin at a low price and the acquisition of Bitcoin will become extremely easy. They say Bitcoin is a fraud and Bitcoin users are idiots while they have bought and stockped a lot of Bitcoin, which denied what they said, and everything was just fabricated and they wanted to stimulate consumer demand make profit

[Biggapp]

Jamie has already turned back on many of his promises. He started by stating that Bitcoin is a fraud. Then changed that to Bitcoin's underlying technology (blockchain) might be actually useful. Next he said that he'll never talk about BTC again, and the next day, he starts talking about BTC again saying how useless it is (since it's not backed by a legal institution/government). In my opinion the  man has no idea of what he's talking about. He might be good in finance, but he's old, and out of touch regarding technological evolutions. Stay at what you're good at Jam

The more people are being a part of the bitcoins are increasing so buy the bitcoin and then invest in the bitcoin. The people who are getting into the bitcoin and then being the part of the bitcoin so be the part of the bitcoin so the importance of the bitcoin is increasing more and more, bitcoin is getting more high so it is the time to have the money and buy the bitcoin to the high price.

[PizzaBTC]

Jamie has already turned back on many of his promises. He started by stating that Bitcoin is a fraud. Then changed that to Bitcoin's underlying technology (blockchain) might be actually useful. Next he said that he'll never talk about BTC again, and the next day, he starts talking about BTC again saying how useless it is (since it's not backed by a legal institution/government). In my opinion the  man has no idea of what he's talking about. He might be good in finance, but he's old, and out of touch regarding technological evolutions. Stay at what you're good at Jam

This is the thing many of us predicted that he will be attracted toward bitcoin as he will know about its advantages and that time has come he knew that he cannot turn things against bitcoin because bitcoin is name of faith and believe so he just started into bitcoin so that he can also get benefits as other are enjoying and on behalf of this he must apologize the bitcoin community.

[Faroxx]

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.

hmm, is it me or after that CEO of JP Morgan can be called a liar and a cheat?

[CryptoBry]

Jamie has already turned back on many of his promises. He started by stating that Bitcoin is a fraud. Then changed that to Bitcoin's underlying technology (blockchain) might be actually useful. Next he said that he'll never talk about BTC again, and the next day, he starts talking about BTC again saying how useless it is (since it's not backed by a legal institution/government). In my opinion the  man has no idea of what he's talking about. He might be good in finance, but he's old, and out of touch regarding technological evolutions. Stay at what you're good at Jam

This is the thing many of us predicted that he will be attracted toward bitcoin as he will know about its advantages and that time has come he knew that he cannot turn things against bitcoin because bitcoin is name of faith and believe so he just started into bitcoin so that he can also get benefits as other are enjoying and on behalf of this he must apologize the bitcoin community.

Jamie Dimon is just a man who loves some attention thrown into him and he did it by issuing controversial statements which the mainstream can immediately cover more so because Bitcoin is still new and they know that in covering the news anything novel can be get more views from the public's curiosity. However, after what happened in September the Bitcoin market and community is not anymore interested with anything he has to say or anybody from the financial sector attacking Bitcoin as they are just saying something in common like a choir in chorus.

[YellowRiver]

Perhaps it is the effect of JP Morgan on the user, they want to make the user nervous and sell all Bitcoin at a low price and the acquisition of Bitcoin will become extremely easy. They say Bitcoin is a fraud and Bitcoin users are idiots while they have bought and stockped a lot of Bitcoin, which denied what they said, and everything was just fabricated and they wanted to stimulate consumer demand make profit

As JP had bought bitcoin this will be very good for the sake of new investor and now the people who are following him will surely come toward the bitcoin and I don’t know why he was talking false if he was interested in it and now he is also in community he must get what other gets and one day he will give the statement that he is sorry upon his statements.

[franco123]

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.

Yup. This is a surprising news given that the company, JP Morgan, are making statements that Bitcoin is a big joke and everything. But I did expected this because the positive and consistent performance of Bitcoin has been going for the past 5 years. Maybe it is still riskt, but all the investments are risky. You can manage the risk by just knowing when to buy or sell. And to do this, you need to have both your technical and fundamental analysis. JP Margon must have realized that.

[jaysabi]

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.

It's not funny at all if you have all the facts. JP Morgan didn't buy any shares with its own money. These trades are executed on behalf of their clients. Dimon is anti-bitcoin, and he means it. He's not putting any of the bank's money into it. JP Morgan still runs a business though, and if their clients want to buy bitcoin, they will facilitate that trade for a fee. The average person on this board wants to believe in conspiracies so bad that they are predisposed to take partial information and scream about what a racket it is.

[matchi2011]

Lol. Expect nothing less from these bankers. Of course they know where the money is. I'm not going to be surprised if dimon is releasing those statements just to try and manipulate the price. The timing is quite impeccable as it was made almost at the same time china cracked down on exchanges.