JP Morgan is a cheat.

[garytheasshole]

This is why we need regulations. If bitcoin was regulated, do you imagine the amount of laws JP just broke?

Yeah we need uncle Sam to take over, since they've done such a good job managing the US dollar, oh wait...

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[Black_Scipio]

This news came from a verified source?

[ililic]

They(not only JP Morgan) do it all the time, manipulation by news(say bad things when they want to buy, then change the tone when they want to sell) and play with inside information, specially in 3rd world countries.  

Of course with bitcoin the manipulation was more explicit because there is no law against market manipulation and inside information with BTC and people know almost nothing about it, so it is easier to bullshit around and convince people.

The last days have been, let's say, didactic in this aspect.

What is surprising is how this is not illegal, I mean, it's not really surprising since these billonaires control the system itself and can always get themselves out of jail, even after scamming people billions:

https://www.vanityfair.com/news/2017/09/jamie-dimon-billion-dollar-secret-jp-morgan

Anyone can see how it was obvious insider trading. Im sure that Jamie Dimon's daugther had a short set before his dad went on mainstream media and scared investors off Bitcoin, then they bought it back and once again hodlers won and panic sellers lost. The only way to defeat these criminals is by never selling BTC.

Deregulated markets. "Insider trading" isn't (yet?) illegal in the United States when it comes to bitcoin. Only with legacy regulated assets. The crypto industry is becoming more resilient to this sort of FUD. Fundamentals are stronger than they've ever been.

[Pettuh4]

they create panic at any given chance and all because they want to take our coin out of our hands......the rich always want to cheat the pool especially in the third world

 That's why we shouldn't pay attention to James Dimon and his recent utterances because it seems to be targeted at creating FUD's in order to trigger panic selling so that these guys can also maneuver their ways into buying them cheap from us the unsuspecting public.

[ManavKalyan]

Yes, absolutely this should account for repeat character assassination of Bitcoin by Mr. Dimon..

[Yakamoto]

with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me

Well, you can't do anything about it, I can't do anything, what do you suggest should be done so that JP can be punished for manipulating a free market? This is what it's like being in a corporatocracy, there is nothing that can be done to prevent something like this, especially in an extremely free market like the one provided by Bitcoin.

I would say that's exactly what he did, but I can't do anything so he can have his money and I really don't give a damn what else happens with it.

[garytheasshole]

with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me

Well, you can't do anything about it, I can't do anything, what do you suggest should be done so that JP can be punished for manipulating a free market? This is what it's like being in a corporatocracy, there is nothing that can be done to prevent something like this, especially in an extremely free market like the one provided by Bitcoin.

I would say that's exactly what he did, but I can't do anything so he can have his money and I really don't give a damn what else happens with it.

Sure there is, you fight fire with fire and spew FUD about JP to drop their stock.

[Haunebu]

I agree. Dimon clearly profited through his recent stint and JP Morgan must have made millions already. This is nothing new and such stints are common in this crypto world.

[dreamer81]

with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me

Of course, what did you expect? JP probably shorted worth billions before he put out his FUD statement.

[Zuilhsa]

These people will manipulate the price, they know somehow about the situation, so they give statements according to their needs, already bitcoin market was plunged due to Chinese ban at that time and this person stated that bitcoin is fraud which again added fear in that situation making people to sell coins. As a result price again dropped down which made these people to buy more coins. They will not be the same always instead will change their statements according to the situation.

[asus09]

I dont know exactly what they think. but maybe you are right. rumors are circulated deliberately in enlarged and misled. so that bitcoin values ​​go down and they can buy more cheaply.

[CrypticGambit]

JP morgan just want to buy all bitcoin for himself. I don't like him and I don't want his money.

[CryptoBeefy]

Whilst there are big players in any market who are investing money that I could only ever dream of, there will always be manipulation.

[GreatOrchid]

Yes probably you are right, i think that all this mess was ended when bitcoin touched $2980 each one a few days ago, so everybody who wanna buy bitcoin at a very cheap price, could do it. Those are the advantages that those powerful mans have, the power of the manipulation on the markets. And they did it, maybe it was a very nice idea to spread that fud just when china did the same, so many coincidences.

[grermezter]

with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me

This is no news whatever, when will it really get into the mind of people that bankers and the so called banking institutions are all money making fools who will kill just to make money. The people should boycott banks especially JP Morgan banks,we should close our bank accounts there.

[aardvark15]

with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me

If this is true, then he was probably trying to manipulate the market by making negative comments to drive the price down. It could have been his desperate attempt to get in on Bitcoin if he hadn't gotten in earlier. With the price over $4000 when he made negative statements, he probably regretted not buying when the price was much lower.

This is probably true of a lot of people that didn't believe in Bitcoin and thought it would fail. They waited until the price was too high to make a fortune. Now they have to settle for buying in the thousands and still making a profit but one that isn't as big.

[dimastegar]

JP Morgan is one among many who want Bitcoin. But if we see yesterday, he deliberately said Bitcoin is a fraud. And as a result he managed to make the news spread that ultimately makes the price of Bitcoin down. and the next day, he became the biggest Bitcoin buyer. What an amazing manipulation.

[malibukoman]

hye is a smart banker and am sure very soon he will make another statement whihc will say bitcoin is the future and he made misjudge it mistakenly due to uncompleted search work provided to him

[synapsisxxx]

Hah your belief if true I am afraid. They played the market damn well with their reputation.

In fact I have often seen organizations like JP Morgan and Goldman Sachs often throw such statements to buy massive amounts of shares for cheap.

This is just the beginning of their follies for the crypto market.

[malibukoman]

jp morgan know exactly what he want and know exactly how to get it that what he did