Jamie Dimon bashes Bitcoin again

[HashFace]

https://www.cnbc.com/2017/09/22/bitcoin-jpmorgans-jamie-dimon-lays-into-bitcoin-again.html

This time he says it is "worth nothing" because it was made out of thin air.  He also talks about the importance of government backing in a currency and says again that Bitcoin will "end badly".  And adds that more governments will move to shut it down.

 I wish a reporter would ask him about the discovery that JPM was trading Bitcoin after he said he'd fire everyone he caught trading Bitcoin.

[1715480670]

1715480670

[StockBet.com]

This former JPMorgan Chase Managing Director said:

"Folks talking about Bitcoin being a...fraudulent currency, I think you need to be on the other side of that...strongly."

Watch video:

https://www.cnbc.com/video/2017/09/14/tom-lee-heres-why-bitcoin-will-hit-25000.html

[Teraboy]

Such a joke, they're saying bitcoin has no value because made of thin air but always buying bitcoin and do trading with it. people who didn't realize about this stupid thing may believe him but not for me.
I wonder how much money they already invested into bitcoin and after this bash, it'll increase significantly for sure lol   by all the panics order that are soon to be coming, they'll gone in few minutes lol and the bitcoin will go into JPMorgan's pocket.

[cryptocrusher]

Really he talks a lot of nonsense. The main issue from an economic point of view with regards to any money is that they have no 'value' they are near worthless slips of paper or lumps of metal. In this regard bitcoin is no different.

[davis196]

https://www.cnbc.com/2017/09/22/bitcoin-jpmorgans-jamie-dimon-lays-into-bitcoin-again.html

This time he says it is "worth nothing" because it was made out of thin air.  He also talks about the importance of government backing in a currency and says again that Bitcoin will "end badly".  And adds that more governments will move to shut it down.

 I wish a reporter would ask him about the discovery that JPM was trading Bitcoin after he said he'd fire everyone he caught trading Bitcoin.

The dollars in my PayPal account are also "made out of thin air".Should i be afraid.
He is kinda right about the governments going to shut down bitcoin sooner or later,but this won`t destroy btc totally.Bitcoin and the altcoins will continue to exist in the darknet.
A currency is a currency only if a government support it.This is the most stupid lie ever.

[markdario112616]

He defies the true form of a Businessman. He doesn't care how others will feel especially to the new investors in this industry as long as he gets what he wants. This new attack that he made for sure will bring another mark down to the value of Bitcoin which in this he could take advantage of it and bought again. A typical strategy to manipulate the market especially if you are the CEO of one of the controversial bank in the world. He smells money in this field that's why he penetrates it no matter what will it cost to others.

[ROT13]

DIMON!

You son of a bitch

[yugyug]

the more he bashes the bitcoin, the deeper the bitcoin it dives and the more opportunity to buy bitcoins at a lower prices. Although many would hate him about his negative idea in bitcoin but i admired him in his business strategy. Long term investors would be in his side.

[buwaytress]

https://www.cnbc.com/2017/09/22/bitcoin-jpmorgans-jamie-dimon-lays-into-bitcoin-again.html

This time he says it is "worth nothing" because it was made out of thin air.  He also talks about the importance of government backing in a currency and says again that Bitcoin will "end badly".  And adds that more governments will move to shut it down.

 I wish a reporter would ask him about the discovery that JPM was trading Bitcoin after he said he'd fire everyone he caught trading Bitcoin.

When I was working a regular job across various countries, I used to get my monthly wages out of thin air too. They'd magically appear in my bank accounts, euros, francs, pounds, ringgit... all backed by the government. I even used to get wads of fresh pounds from the South Sudanese government almost daily since they kept losing more value overnight. At least one of that list is looking to end badly...

And yes, why hasn't any of them journalists gone for a good story by asking about every other contradictory move JPMorgan's made re Bitcoin? Or are investigative journalists just not yet into crypto?

[Carlton Banks]

Once a large enough amount of traders (and the public) understand Bitcoin well enough (and it's differences with the dollar), Dimon might instead end up crashing JP Morgan shares. Or even the dollar....


If Dimon eventually crashes the dollar talking Bitcoin down, the Streisand effect might get re-named Dimon effect instead

[okissabam]

I think this is a strategy, what they're doing is they talk trash about bitcoin and so it's price goes down and they'd have enough time to buy big amounts of bitcoin. And most especially he is widely known so, every time he talks bad about bitcoin being worth less it drags the price down too. Everyone should get ready because bitcoin is going to dive down for sure, it's buying time again for those hodling bitcoins.

[StockBet.com]

And yes, why hasn't any of them journalists gone for a good story by asking about every other contradictory move JPMorgan's made re Bitcoin? Or are investigative journalists just not yet into crypto?

According to the documentary "The Corporation", if a company advertises a lot on a news outlet, that news outlet will refrain from criticizing that company.

This is part of fake news.

[Captain_Planet]

I bet he saved thousands of bitcoins hidden. He will be busted wide open soon.

[Mahanton]

Such a joke, they're saying bitcoin has no value because made of thin air but always buying bitcoin and do trading with it. people who didn't realize about this stupid thing may believe him but not for me.
I wonder how much money they already invested into bitcoin and after this bash, it'll increase significantly for sure lol   by all the panics order that are soon to be coming, they'll gone in few minutes lol and the bitcoin will go into JPMorgan's pocket.

It wont really work this time.We wont really be affected on those bashes and you are right the things they said are just show off to public to create panic but the truth behind is that they are buying bitcoin.For those people who did already have the knowledge this bashes are pure bullshit.

[VitKoyn]

How can Jamie Dimon say that Bitcoin is worth nothing if it has a proof of work? Bitcoin miners spend thousands of dollars just to make 1 Bitcoin. He's just making statements like this to influence people to not buy and the bitcoin price will go down then his JP Morgan will invest in bitcoin. This man has no credibility and he is the real fraud.

[Saisher]

https://www.c[Suspicious link removed]m/2017/09/22/bitcoin-jpmorgans-jamie-dimon-lays-into-bitcoin-again.html

This time he says it is "worth nothing" because it was made out of thin air.  He also talks about the importance of government backing in a currency and says again that Bitcoin will "end badly".  And adds that more governments will move to shut it down.

 I wish a reporter would ask him about the discovery that JPM was trading Bitcoin after he said he'd fire everyone he caught trading Bitcoin.

Does this mean he wants to buy more bitcoin so he wants bitcoin to go down again? The problem is some people still believes in this idiot, we should just ignore this idiot who just wants to make a profit from people with weak hearts and those who still believes in him

[Kemarit]

Let him bashes bitcoin, we heard enough of this guy that everything that comes out of his mouth should be taken with a grain of salt. Specially what he's statement did to the market, but we already know what he did there. He intentionally manipulated the price so that JPMorgan can get at those buying point and laughing their ass at their desk because made millions of dollars. So its up to us, to really not take this man seriously because we have uncovered them as one of the master price manipulator and one of the biggest entity currently. But again, when the price dives, its time to get them back at cheaper price so better have funds for buying once more.

[Juggy777]

https://www.cnbc.com/2017/09/22/bitcoin-jpmorgans-jamie-dimon-lays-into-bitcoin-again.html

This time he says it is "worth nothing" because it was made out of thin air.  He also talks about the importance of government backing in a currency and says again that Bitcoin will "end badly".  And adds that more governments will move to shut it down.

 I wish a reporter would ask him about the discovery that JPM was trading Bitcoin after he said he'd fire everyone he caught trading Bitcoin.

That peice of shit and his constant ranting, he's just jealous of Bitcoins and he can't take the fact that's it's more popular then his company, I am now sure his company won't end well. A ceo who doesn't take care of his company, but pokes nose in other business, shows that he doesn't have much work and that's his company is a sinking ship. I feel we should take it out against him and his company on Twitter, I hope he goes away for good.

[Frogs Gas]

I wonder if he realizes the words coming out of his month are negatively affecting his own employees as well as JP Morgans customers? The first house in the usa was purchased with bitcoin.  The customer, agent, and title company said it was the easiest closing they ever did 10 minutes and money was available.  it was in Texas if u want to check me.  so he is very scared.  The banks would normally be right in the middle.  Jamie should be figuring out a way to embrace it not try to bully over it.  People are tired of being bullied by these greedy people.  This is perfect time to get in if u have been on the fence. 

[Red-Apple]

i believe this time it is more like a middle finger to everyone since recently (i think it was yesterday) that they said Jamie Dimon is going to get in to trouble with the Swedish financial authorities over manipulating the market.

it would be very interesting to see how this ends though.

ref: https://news.bitcoin.com/jamie-dimons-bitcoin-statements-reported-as-market-abuse-in-sweden/