Truth behind JP Morgan's CEO comment about Bitcoin

[MSZCoin]

Bye bye FED

[layoutph]

The correct answer is #3, Mr. J Dimon is a bitcoin investor and he knows his financial influence in the market. If Bitcoin is fraud then why JP morgan has a huge purchase of Bitcoin? Sounds fishy.

[lighpulsar07]

well i voted "He knows about his influence and coin market volatility and wanted to profit on it" because after his comment and the china's ban in exchanging virtual currencies caused negative impact on bitcoin and caused price crash the company JPmorgan bought bitcoins as we see on twitter and news websites. and my opinion to that is dimon is getting desperate to make that comment and doing the opposite.

[Baser]

James Dimon is a complete speculator. He made a lot of money.
And he certainly knows his influence and the market volatility of coin money and wants to make a profit on it.I voted for this.

[affigne]

Thank you all for your opinions and votes. As it goes, it seems that Dimon is pretty much aware, not only of the volatility of the market, but the fear and expectation cryptocurrencies generate in general. For me, tho I'm in this cryptophenomenon since 2016 (yeah yeah a bit late), I'm still reluctant to do a leap of faith cuz there's A LOT to learn about it before (blockchains, ICO's, AltCoins, Impact on the world, etc). So, I kind of understand when people hear or read a public or powerful figure like him making negative comments and then take the next stop to exit the cryptotrain. Even tho he already has a record of doing such things to profit.

[iram1011]

He has already played his game very well and must be sitting over a billion profit today!

[vipgelsi]

Most of the big shots do not like Bitcoin because they didn't buy it cheap. They do not want average people to become rich quick when there wealth took years.

[Pamadar]

He has already played his game very well and must be sitting over a billion profit today!

funny for those who's crying right now because of believing from this man's statement and afterwards realizing that this guy only trick most of those
weak holders allowing to crashed bitcoin credibility and making a huge issue so people will be afraid losing their investment as a whole so they sell
their coins.

[tiggytomb]

It's a strange one, saying that bitcoin is a fraud and will soon be closed is crazy speak and gives the impression that he does not know much about bitcoin. 

Is this just a facade to make people think the banks are clueless when in fact they are more clued up then most?

I suggest it was a clever move to see how their influence effects bitcoin and of course to buy a large share in the overall supply.

[iram1011]

He has already played his game very well and must be sitting over a billion profit today!

funny for those who's crying right now because of believing from this man's statement and afterwards realizing that this guy only trick most of those
weak holders allowing to crashed bitcoin credibility and making a huge issue so people will be afraid losing their investment as a whole so they sell
their coins.

These banks are best at this.

[i287853]

I am quite confused about his comments. His company is behind and is supporting ethereum, a decentralized computing network that uses a blockchain which is also the same structure and principle as bitcoin. He says that bitcoins is fraud but stated that her daughter purchases it. Why would you even let your daughter invest into something if you think its fraud?? His comments baffles me.

[waru96]

finally they have some btc on theier hands

[virasog]

Hi everyone! I've been thinking on ways of learning and teaching about bitcoins and cryptocurrencies, and can't come with a better idea than prompting you, the bitcointalk community, to participate in polls about the cryptoworld, so everyone can vote and post their opinion on the subject.

Hope I can count on you guys for this.

So, here's the first poll I'm doing, and it has to do with JP Morgan CEO, James Dimon, and his comment about how bitcoin and the tulip bubble are similar, if not, the same, and how it was a big fraud as well.

Let me know your opinion on the matter.

What are you based at information on? Where do you get your information from? How are you making this statement with any sort of proof? These are the questions that people have to ask these are the questions that have to be asked in order for the rumor mill to stop pushing information wrong direction. Everyone knows what JP Morgan's CEO  commented earlier and than later about bitcoins.

[Thymoty]

I guess he just wants to make bitcoin prices down with an obscure issue, so when it comes down to price he can buy it, hehehe

[affigne]

Hi everyone! I've been thinking on ways of learning and teaching about bitcoins and cryptocurrencies, and can't come with a better idea than prompting you, the bitcointalk community, to participate in polls about the cryptoworld, so everyone can vote and post their opinion on the subject.

Hope I can count on you guys for this.

So, here's the first poll I'm doing, and it has to do with JP Morgan CEO, James Dimon, and his comment about how bitcoin and the tulip bubble are similar, if not, the same, and how it was a big fraud as well.

Let me know your opinion on the matter.

What are you based at information on? Where do you get your information from? How are you making this statement with any sort of proof? These are the questions that people have to ask these are the questions that have to be asked in order for the rumor mill to stop pushing information wrong direction. Everyone knows what JP Morgan's CEO  commented earlier and than later about bitcoins.

Got it from a cryptocurrencies news webpage, and the poll is to know about what could have been the reason behind his comment... There's nothing misleading about that.

[Barcode_]

This guy is getting more and more absurd with his comments, yesterday he commented that governments will close down bitcoin and crypto-currencies if they get too big, warns Jamie Dimon. And after his comments, bitcoin price dropped again but slowly gaining back the values today, I think this guy just want to manipulate the market and cause bitcoin price to drop so his clients in JP Morgan could buy some bitcoin at cheaper rates, I will never ever use JP Morgan investment service no matter how attractive the returns are because of this CEO.

[random8888]

that bastard is trying to manipulate the market, causing the price to free fall so he can buy Bitcoin on the cheap. He knows Bitcoin is a real threat and there is no way around it, it is gonna happen. But meanwhile he needs to stock up on BTC!

[Sithara007]

that bastard is trying to manipulate the market, causing the price to free fall so he can buy Bitcoin on the cheap. He knows Bitcoin is a real threat and there is no way around it, it is gonna happen. But meanwhile he needs to stock up on BTC!

He has already stated that his daughter is a Bitcoin enthusiast. He may not be buying Bitcoins directly, but he may be providing funds to his daughter to purchase and hold BTC. This guy must be investigated and jailed for insider trading and financial fraud.

[iram3130]

1st and 3rd, one of them are definitely true. He just knows that his blind followers will dump if he say something like that and he thought people may leave crypto for his one statement. He doesn't know that we're here for the qualities of bitcoin not because of someone's statements.

[Dhaaaw]

To be the CEO of JPMorgan Banks you have to be smart and have alot of ruse thats why i think that he knew about his influence and decieded to act on it but i kinda hope that he uses it in a positive way.