Truth behind JP Morgan's CEO comment about Bitcoin

[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!

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.

and that makes HIM the "fraud"!

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[Svelto]

My opinion is:

He knows about his influence and coin market volatility and wanted to profit on it

It is fishy that JP Morgan invest in BTC right after he mentioned all this about BTC. And I cannot imagine a high level staff say that he will sack those staffs who buy BTC.

[thilinanamal]

Jimie realy hates btc....he has again done a announcement on btc that governments will ban BTC if it goes too high...LOL

[avikz]

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.

We just voted on the possibilities and no one actually aware of the real reason. James is a smart banker who knows a lot about bitcoin and its market cap. It is very much possible that he wanted to buy bitcoin at a lower price. So he started with a shocking statement which actually shook the market and bought down the price at a optimum low level where he entered the market to make a huge profit.

Another chance may be, he is just worried about the amount of investment is flowing in to bitcoin. So if bitcoin doesn't exist, that amount of money should have flown in to a proper banking channel where his bank and other peer banks could have benefited.

[mozillaspez]

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!

Please mind your language because don't use vulgar words for someone but something like fall price it is not actually falling it is actually going upward and people are attracting that's why bitcoin giving opportunity to everyone.

[Herbert2020]

there is a pretty good change that they had some plans behind the curtains to make a large amount of profit from bitcoin. a $1000 dip is not a small profit! imagine if they have invested about a million dollar in bitcoin and that would be a tiny investment on their part. with that they could have made a very large sum of money in just a couple of days and only by puling a public stunt like that.
it was easy money that makes anyone want to use any power they have to take advantage. of course we will never have any kind of proof!

[pawanjain]

I have opted to vote for the fact that he knew about his influence and the coinmarket and wanted to profit out of the volatility. That's the reason why Jamie made that statement. In fact I just read today on cointelegraph that some of the executives from JP Morgan made transactions to buy Bitcoin at the lowest point just after Jamie Dimon made that statement. So that just proves the fact that Jamie actually used his influence on the market to profit out of the volatility.

[ivrynx]

I think he understand the volatility of bitcoin and how he can benefit from it, he knows that he can use his influence in order to lower down the price so he can buy as much bitcoin as he wants, i think being the ceo of a bank, he might have just said those words to protect his business and for his people to have more confidence in him, but thr fact is, he knows a good investment when he sees one, since they can also manipulate the prices on the stock market, why not try bitcoin, and i think it is not a coincidence that he made his statement during the time when china was bannung ICOs, the could not just be right, to aid in loering the price of bitcoin, and as we all know, what happened, bitcoin took a dip, wherein in someway it is a good thing, since we can buy bitcoin at a lower price and hopefully those who havr weak hands already learned their lesson. Let's not try to forget that some if the tactics companies use to help them increase the value of shares, one is to hype the company, and the other one is to bad mouth your opponent, it seems to be true to bitcoin as well, but the banks will certainly have a hard time in doing so, since most people who have bitcoins now are investors already and in time, they might want to join us or they might be already part of the community.

[Freshmen]

I think he understand the volatility of bitcoin and how he can benefit from it, he knows that he can use his influence in order to lower down the price so he can buy as much bitcoin as he wants, i think being the ceo of a bank, he might have just said those words to protect his business and for his people to have more confidence in him, but thr fact is, he knows a good investment when he sees one, since they can also manipulate the prices on the stock market, why not try bitcoin, and i think it is not a coincidence that he made his statement during the time when china was bannung ICOs, the could not just be right, to aid in loering the price of bitcoin, and as we all know, what happened, bitcoin took a dip, wherein in someway it is a good thing, since we can buy bitcoin at a lower price and hopefully those who havr weak hands already learned their lesson. Let's not try to forget that some if the tactics companies use to help them increase the value of shares, one is to hype the company, and the other one is to bad mouth your opponent, it seems to be true to bitcoin as well, but the banks will certainly have a hard time in doing so, since most people who have bitcoins now are investors already and in time, they might want to join us or they might be already part of the community.

Everyone in this world has his own thoughts about different things. But I wonder why the developers, controllers and all the bitcoiners give so much importance to the statement of this man. I think it is just his personal view and opinion about opinion. Why are we so panic? I can also say many things which will not be in favor of bitcoin. Then what would happen, the people will stop inviting in bitcoin, fool.

[d1ceplayer]

I have opted to vote for the fact that he knew about his influence and the coinmarket and wanted to profit out of the volatility. That's the reason why Jamie made that statement. In fact I just read today on cointelegraph that some of the executives from JP Morgan made transactions to buy Bitcoin at the lowest point just after Jamie Dimon made that statement. So that just proves the fact that Jamie actually used his influence on the market to profit out of the volatility.

I am sure he played a role many companies do in stock exchange. First demote something so the people will keep themselves far from that particular thing, then buy as much as he can on a very low price and then promote that specified thing in the market and make a huge profit.

I am 100 percent sure that the truth behind the Jamie Dimon statement was just for that as we heard that his people have bought a lot of bitcoin.

[AmXProX]

I have opted to vote for the fact that he knew about his influence and the coinmarket and wanted to profit out of the volatility. That's the reason why Jamie made that statement. In fact I just read today on cointelegraph that some of the executives from JP Morgan made transactions to buy Bitcoin at the lowest point just after Jamie Dimon made that statement. So that just proves the fact that Jamie actually used his influence on the market to profit out of the volatility.

I am sure he played a role many companies do in stock exchange. First demote something so the people will keep themselves far from that particular thing, then buy as much as he can on a very low price and then promote that specified thing in the market and make a huge profit.

I am 100 percent sure that the truth behind the Jamie Dimon statement was just for that as we heard that his people have bought a lot of bitcoin.

he just tested the waters, when it was not shook because of his statement then it is a green flag for him to put an investment on it.

[dwwbit]

Voted for "He knows about his influence and coin market volatility and wanted to profit on it"

as per news, he made a negative comment about bitcoin to make bitcoin price crashed then he can buy the dip and make a huge profit.

[cpfreeplz]

Who cares. The prices didn't drop because of some dumb CEO toddler whining about something that does his job than him. He's supposed to help people move money, invest money and Bitcoin does that all for free without him and 10x better. Of course he's going to be like a scared animal, piss of himself and get the claws out.