JP Morgan purchased XBT shares

[Wipro]

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 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.

These kind of the whales always do fucking damn things to bitcoin. he bought xbt and locked I don't know why he came and criticise about bitcoin last week. Many world corporates started accepting bitcoin and they planning to invest on ICO, mining, E-commerce and blockchain based security system.

[piebeyb]

at least take it from previous experience if everyone has said price manipulation and buy media whenever bitcoin price can go down and big guys take it cheaply, so i just say it will be beautiful in time

[mjsocool]

now rich people easy to make money. just say something then it will make everybody do the thing they say

[MetaVerde]

In my opinion this just makes banksters lose even more credibility.

They're foolish to run it down so badly.
They're thinking they'll be able to regulate small players out of existence, then they'll point to the regs and say they made bitcoin "safe" to invest in.

They'll fail.

This will be epic.

The Fed is dead.
#fedisdead

[manselr]

Jamie Dimon is now in trouble for his bitcoin comments:

http://www.cityam.com/272451/jamie-dimon-faces-market-abuse-report-after-his-comments

Blockswater, 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


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?

Sadly, you are right. I doubt a small fund of blockchain related stuff can put JP Morgan in trouble. Jamie Dimon is on record for billions worth of scamming people with fraudulent mortgages and more, and we've never seen him spend a day in jail.

This will get nowhere, I doubt they even are able to put him in a position where he is forced to pay a fee. He will keep on rocking in the free world and come back to FUD bitcoin the next time it reaches an ATH.

[iluvpie60]

"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!

Jamie Dimon is just a huge scammer.

Imagine someone coming onto these forums and alwayd saying a coin is going to crash. Everyone knows this person has a lot of money to buy coins. The price does start to go down and crash temporarily over the course of a few days. Then the person who kept saying it was going to crash buys a ton of that coin and it goes up some....

SCUMBAG to the max. He is responsible for so much of the FUD about crypto ANDis part of the banking cartals/central banks.