jc89 (OP)
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September 18, 2017, 12:20:41 AM |
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"JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin." https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/After calling BTC a fraud and will fire their employees who will trade with it, I wonder what Jamie Dimon has to say about this. LOL!
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digitalgame4life
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September 18, 2017, 12:25:00 AM |
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Thats what all famous and government people are like, you see over and over again they have not a little amount of decency and are full of lies, if its about money or a little power they would sell their moms for it, he talked bad about bitcoin just cause he also had to talk some shit, but if its profitable and you can make some money with it, move away your loyality and your words and buy bitcoin to gain some money, I hate filthy people like this and filthy governments like this.
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rommelzkie
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September 21, 2017, 07:29:23 AM |
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JP Morgan calls bitcoin a fraud and yet they act as instrument for buyers and sellers of bitcoin.
Smell fishy here. I really dont trust bank institutions.
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Pursuer
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Where is my ring of blades...
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September 21, 2017, 07:39:16 AM |
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the day their CEO called bitcoin fraud and when it followed by a dip, I said that this is just perfect timing on their part and there is no coincidences when calling bitcoin "fraud" publicly and like that. and now we know for a fact that they have been actually doing this on purpose and that proves my theory of "no coincidences". it was the perfect plan and perfect opportunity and they took a very good advantage from it. and more than $1000 profit on each coin is not something to pass by that easily no matter who you are!
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Only Bitcoin
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CryptoBeefy
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September 21, 2017, 07:42:48 AM |
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Like seriously, why do people still care about what JP Morgan has to say?
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alyssa85
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September 21, 2017, 02:42:59 PM |
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Jamie Dimon is now in trouble for his bitcoin comments: http://www.cityam.com/272451/jamie-dimon-faces-market-abuse-report-after-his-commentsBlockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin.
The firm filed the report with the Swedish Financial Supervisory Authority against JP Morgan Chase and Dimon, the company's chief executive.
Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The influential executive last week slammed cryptocurrencies, pushing the digital currency to a three-week low.
Dimon said he would fire an employee who traded in cryptocurrencies for being "stupid".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation". It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JP Morgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements, which Schweitzer said "smells like market manipulation".
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fulmetal08larz
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September 21, 2017, 02:54:27 PM |
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It clearly shows how 1% of the top 1% manipulates the whole wide world's money. The CEO even made example of his daughter who's into bitcoin. They will do everything to capitalize in this opportunity.
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cynical
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September 21, 2017, 02:59:10 PM |
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JP Morgan calls bitcoin a fraud and yet they act as instrument for buyers and sellers of bitcoin.
Smell fishy here. I really dont trust bank institutions.
this is sad, to think that people like this can infleuence and manipulate the market to their own gain. these people know that if they say the right or wrong thing they stand to make profits off the back of small people trying to get ahead. its a pity that we cannot get the message out to all crypto users to totally ignore this person in future.
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Kprawn
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September 21, 2017, 03:03:09 PM |
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When you plan to do something that only you know that would influence stock prices, it is usually connected to insider trading. You should add this to JP Morgan's list of fraudulent actions that they have been guilty of over several years. They are untouchable, because they have the governments in their pockets. http://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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blackstonecrypto
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September 21, 2017, 03:06:49 PM |
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sneaky guys, creating a dip and then buying.
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hua_hui
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September 21, 2017, 03:13:36 PM |
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It may not be CEO themselves buying as it can be the customers manually select their buying with JP morgan platform. However the funny thing is that if you really view something as risky and worthless as you said, would you be including that options for purchases in your platform? I believe that jp morgan also know about the potential and how impossible for them to shut down bitcoins so they have to ride the wave with it.
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kevin.
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September 21, 2017, 03:25:49 PM |
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Hello, And one more billionaire man Ray Dalio called Bitcoin as a bubble. What is that? One more bad news linked to cryptocurrencies from world known gnome to begin down "rally" for the Bitcoin? There are a so many negative characteristics from financial magnates now. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) kevin.
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manselr
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September 21, 2017, 03:29:55 PM |
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sneaky guys, creating a dip and then buying.
There they go again. They are dipping it again because the recovery was too fast and strong, they need cheaper coins and they to accumulate the most important asset of all times before someone else does it before them. They understand it, and they will not let you keep your BTC. All the weak hands will get shaken and they will collect all of it at your expense. 1 BTC=1 BTC, and they will make you handle them your BTC by temporarily lowering its price against fiat, only to see the inevitable rise later on.
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Carlton Banks
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September 21, 2017, 03:52:11 PM |
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Jamie Dimon is now in trouble for his bitcoin comments: http://www.cityam.com/272451/jamie-dimon-faces-market-abuse-report-after-his-commentsBlockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin.
The firm filed the report with the Swedish Financial Supervisory Authority against JP Morgan Chase and Dimon, the company's chief executive.
Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The influential executive last week slammed cryptocurrencies, pushing the digital currency to a three-week low.
Dimon said he would fire an employee who traded in cryptocurrencies for being "stupid".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation". It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JP Morgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements, which Schweitzer said "smells like market manipulation". No he's not ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Remember how Dimon and his ilk launder money for their fellow criminals, and never get prosecuted? Remember how Dimon and his fellow cartel members created dangerous financial instruments that crashed the financial markets in 2008? Remember how they faced no consequences whatsoever? Remember how Dimon and his protection racket circle have been profiting from inflating asset prices (with an inflated money supply), the effects of which are yet to be felt in the wider economy, as the market price of the inflated assets hasn't yet corrected? (which won't happen before the money supply has stopped being inflated) Do you actually remember (or did you ever know) any of the various reasons for Bitcoin being created in the first place? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Vires in numeris
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iram3130
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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
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September 21, 2017, 04:52:10 PM |
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These days I think the reason for bashing Bitcoin is to buy them low. Already seen many instances like this and what JP Morgan did was nothing new. Panic sellers need to understand that if one person or one country goes against bitcoin then it'll not be the end of it.
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beesocial
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September 21, 2017, 04:56:34 PM |
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Interesting article. Are there any other major players in the investment banking industry doing the same? I haven't heard of any yet but surely more to follow
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BitWhale
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September 21, 2017, 05:08:04 PM Last edit: September 21, 2017, 05:18:59 PM by BitWhale |
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I'm glad Jamie Dimon got reported, but I think you are all looking at this wrong...
JPM trades on behalf of their customers... they aren't stupid enough to publicly manipulate the market and then buy a derivative of that market in order to profit. I think we both know the fines, PR nightmare, & court fees would easily dwarf any profits they've gained from doing so.
It's not market manipulation to have an opinion about something. We see it happen with short sellers all the time, they will put in a giant position and then annouce they have a giant position and "this is why" causing everyone else to freak out when they realize the pretty picture painted by others has some cracks in it. We've seen that with Enron, Herbalife, Soros and the GBP, John Paulson & the housing crisis, etc etc etc. All of these positions were publicly known & spoken about BEFORE they were ever profitable, and all of them used publicly available information so anyone with the ability to interpret that information could've done the same thing.
It's much more likely they were buying XBT derivatives ON BEHALF OF THEIR OWN CUSTOMERS.
This narrative that they bought on their corporate books is speculation at best until it can be proven otherwise... continuing it only makes Bitcoiners look dumb as fuck for not having even the slightest idea how a true investment bank functions.
Please stop mindlessly regurgitating things you've read and do a bit of research for gods sake.
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Ariess
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September 21, 2017, 05:13:42 PM |
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Thats what all famous and government people are like, you see over and over again they have not a little amount of decency and are full of lies, if its about money or a little power they would sell their moms for it, he talked bad about bitcoin just cause he also had to talk some shit, but if its profitable and you can make some money with it, move away your loyality and your words and buy bitcoin to gain some money, I hate filthy people like this and filthy governments like this.
yes, they are nothing more than clowns showing a joke. I guess that's them, I agree with what you say. let's laugh for them.
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slowlii
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September 21, 2017, 05:18:43 PM |
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JP Morgan company tries to play a game with cryptocurrency World and society, yet they better be careful since the market is much bigger than they can manipulate with their stupid rumors and accusations.
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maman09
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September 21, 2017, 05:20:12 PM |
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the day their CEO called bitcoin fraud and when it followed by a dip, I said that this is just perfect timing on their part and there is no coincidences when calling bitcoin "fraud" publicly and like that. and now we know for a fact that they have been actually doing this on purpose and that proves my theory of "no coincidences". it was the perfect plan and perfect opportunity and they took a very good advantage from it. and more than $1000 profit on each coin is not something to pass by that easily no matter who you are!
yes. I agree with you. they are nothing more than political actors. maybe more. and they always justify any means to get what they want.
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