JPMorgan’s CEO claimed Bitcoin it is a fraud

[batang_bitcoin]

If you ask me, it's not the fact that he believes that it's fraud, or a scan, or a bubble. He's scared shitless when it comes to Bitcoin. The fact that almost everything he's learned over his lifetime is changing with bitcoin bending economic concepts, He doesn't have that power he used to have. The fact that he is firing and threatening a divorce means that it's gotten to his head. It's just not rational.

No he's not scared to bitcoin. It's just a propaganda a we know as banker is making money out of thin air and with their loan products they are using their mouth for it to attract their borrowers to borrow some more. And just like in bitcoin, he wants to buy at dip and he uses his mouth just to scare people to sell their bitcoins by indicating that bitcoin is a fraud, a scam, a dark market money and so on. He uses his popularity when it comes to money making, now he got a lot of bitcoins now bought at dip, we may know he'll eat his words and put a statement that bitcoin is not fraud or he'll make a public apology.

[BitFinnese]

If you ask me, it's not the fact that he believes that it's fraud, or a scan, or a bubble. He's scared shitless when it comes to Bitcoin. The fact that almost everything he's learned over his lifetime is changing with bitcoin bending economic concepts, He doesn't have that power he used to have. The fact that he is firing and threatening a divorce means that it's gotten to his head. It's just not rational.

I believe this is just a strategy to buy cheap bitcoins.  Right after the announcement and Dimon himself saying he will fire anyone under him trading with bitcoin then the information about them buying hundreds of thousands of dollars bitcoins during the fall.  A manipulation to its finest .

ah another attempt to suppress bitcoin's price so they can buy it up.

True, if they are honest to themselves, they can just reject the request of their client to buy bitcoin and advice them to buy other investment, instead of fulfilling the request to of their client to buy hundred thousands worth of Bitcoin.  Well that is if it is really their client buying bitcoins.  

[fisheater]

This guy seems stupid. Every new and innovative thing come out, there are always people who oppose to it, and call it fraud, there's no strange to it.

[South Park]

Still wanted to respond to this by the way. Are there really people listening to what CEO's form banks or big financial corporations? I can't imagine people hearing/reading what these guys say and say:"I guess he is right, cuz people in the financial business are legit and honest people". On the contrary, around me, friends, family and collegues all seem to believe the opposite of what these type of people say.

Obviously no one cares, they are expert manipulators of the market but they forget that bitcoin is a technology as well, so if I cared about the opinion of anyone outside of bitcoin it will be the opinion of people that know about technology and not bankers, and when you look for opinions of people like that they all agree that bitcoin is here to stay.

[groko271]

Hi, what is your opinion about this ?
https://fxpmarkets.blog/2017/09/15/bitcoin-is-a-fraud-said-jp-morgan-ceo-jaime-dimon/
I heard JP Morgan bought  a lot of bitcoins after the fall,
do you think is only manipulation ?

At first I was concerned about this news. Then I read the article and realised he has no clue about bitcoin or the backing it has across the globe. What a dick, he probably bought 1mil worth after he caused the price to dip.

[South Park]

If you ask me, it's not the fact that he believes that it's fraud, or a scan, or a bubble. He's scared shitless when it comes to Bitcoin. The fact that almost everything he's learned over his lifetime is changing with bitcoin bending economic concepts, He doesn't have that power he used to have. The fact that he is firing and threatening a divorce means that it's gotten to his head. It's just not rational.

He isn't "scared shitless", far from it. He created fake, false FUD in order for the price to drop and when it crashed he bought millions worth under JP Morgan licensed businesses and made a huge profit from it.

I will admit it is quite strange that someone would trash the very thing they are investing in, but crypto markets are not your average ones.

That is a very common tactic, I do not know if you have ever bought an used car but that is the tactic many people use, after you get the price from the seller then you need to try to get a discount and the only way to do that is to pin point the defects of the car if you are good at this you are going to get a better price.

[Merovius]

Apparently there has been a complaint filed with the Swedish Financial Supervisory Authority against Jamie Dimon and JP Morgan over Dimon's bitcoin comments. An outfit called Blockswater is claiming that Dimon violated Article 12 of the European Union's Market Abuse Regulation by declaring that bitcoin was "a fraud":

http://www.zerohedge.com/news/2017-09-21/jamie-dimon-faces-market-abuse-claim-over-false-misleading-bitcoin-comments

[pucunghul]

yes they manipulate it, they make the rumors getting hotter over the ban from china. until finally they buy bitcoin. this is a game. yes i guess that's them

[Fourgh]

Hi, what is your opinion about this ?
https://fxpmarkets.blog/2017/09/15/bitcoin-is-a-fraud-said-jp-morgan-ceo-jaime-dimon/
I heard JP Morgan bought  a lot of bitcoins after the fall,
do you think is only manipulation ?

Well I dont know, but one things for sure that they are afraid if a lot of people invest their money on bitcoion rather on depositing it to the bank.
Investing your money on bitcoin will have far more greater return rather than putting it in a bank for sure. Maybe that's their way of making people feel afraid of investing their money on bitcoin.

[Darker45]

Hi, what is your opinion about this ?
https://fxpmarkets.blog/2017/09/15/bitcoin-is-a-fraud-said-jp-morgan-ceo-jaime-dimon/
I heard JP Morgan bought  a lot of bitcoins after the fall,
do you think is only manipulation ?

This is one way of huge investors to be able to buy cheap bitcoins. They are playing their cards well. Since he already has a name, he can easily spread FUDs that will have an impact to the price of bitcoin. News will then spread about his words. But the people are blind that behind such words, this man is a huge bitcoin investor.

[no0dlepunk]

Actually, there is a group of bitcoin enthusiasts and supporters who already have filed a case against Dimon under the European Union. According to Florian Schweitzer which I have read from Twitter, Dimon's statement 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. Also, Schweitzer believes that Dimon has violated Article 12 of the European Union's Market Abuse Regulation (MAR) by calling cryptos a fraud.

[pooya87]

Apparently there has been a complaint filed with the Swedish Financial Supervisory Authority against Jamie Dimon and JP Morgan over Dimon's bitcoin comments. An outfit called Blockswater is claiming that Dimon violated Article 12 of the European Union's Market Abuse Regulation by declaring that bitcoin was "a fraud":

http://www.zerohedge.com/news/2017-09-21/jamie-dimon-faces-market-abuse-claim-over-false-misleading-bitcoin-comments

i feel an odd satisfaction about this news. although i know that it won't matter in the end since they are good enough to throw the complaint in the trash and justify it somehow.
but the market manipulators like them should really be punished. it is actually illegal to manipulate market in any form and it is punishable by law.

Many forms of market manipulation are prohibited in most countries, in particular, it is prohibited in the United States under Section 9(a)(2) of the Securities Exchange Act of 1934, in Australia under Section 1041A of the Corporations Act 2001, and in Israel under Section 54(a) of the securities act of 1968.

[domgamer]

They just bashing bitcoin to get opportunity to buy lower 

[FoxTheHuman]

Hi, what is your opinion about this ?
https://fxpmarkets.blog/2017/09/15/bitcoin-is-a-fraud-said-jp-morgan-ceo-jaime-dimon/
I heard JP Morgan bought  a lot of bitcoins after the fall,
do you think is only manipulation ?

This is the bad behavior of those who want to redeem themselves, they try to make big waves that have a strong impact on btc, wait for them it down to buy and push it up for sale.
The way they do it is shy , I really hate this.

[Kakmakr]

The CEO of JPMorgan, Jamie Dimon has officially tainted his reputation with these statements he made in public. If you point the finger to another technology or organization and your own operation is a dark pit of corruption and fraud, then you made a ass of yourself.

People are not stupid and they know JP Morgan is one of those banks who cannot point a finger at anyone else, because their history is tainted with fraud.

After the price dropped, they bought some more Bitcoin based derivatives. How ethical is that kind of behaviour? This is why people should stand up against these types of people and organizations and expose them for what they are. ^smile^

[South Park]

The CEO of JPMorgan, Jamie Dimon has officially tainted his reputation with these statements he made in public. If you point the finger to another technology or organization and your own operation is a dark pit of corruption and fraud, then you made a ass of yourself.

People are not stupid and they know JP Morgan is one of those banks who cannot point a finger at anyone else, because their history is tainted with fraud.

After the price dropped, they bought some more Bitcoin based derivatives. How ethical is that kind of behaviour? This is why people should stand up against these types of people and organizations and expose them for what they are. ^smile^

Most people do  not care, those people are vastly responsible for the worst economic crisis in the last 80 years, a crisis that we are still going through and people still decide to invest in those dishonest organizations, to be honest I cannot wait for bitcoin to become mainstream and to see those institutions destroyed.

[Melquart]

And the former JPMorgan’s CEO is a strong Bitcoin supporter. Bankers are just scammers searching their own profit.

[StockBet.com]

If you ask me, it's not the fact that he believes that it's fraud, or a scan, or a bubble. He's scared shitless when it comes to Bitcoin. The fact that almost everything he's learned over his lifetime is changing with bitcoin bending economic concepts, He doesn't have that power he used to have. The fact that he is firing and threatening a divorce means that it's gotten to his head. It's just not rational.

Bitcoin is living in Jamie Dimon's head, rent-free.

[cryptoking710]

This guy at JPMorgan is sitting on the biggest fraud of them all... Check out the billions in fines they have already paid out this year!!!

[South Park]

And the former JPMorgan’s CEO is a strong Bitcoin supporter. Bankers are just scammers searching their own profit.

This is why I think bitcoin may succeed in replacing banks while in theory banks and bitcoin are enemies the guys managing the banks are going to see a way to make profit with bitcoin and are going to adopt it then they are going to realize too late they sacrificed long term profits for short term profits.