JPMorgan Knocks Bitcoin Again

[50ouncebrew]

This idiot can do that all he wants and that only draws more attention to Bitcoin. If he thinks people are going to sell their bitcoins because of what he said, he's lost his mind. Bitcoiners know who he is.

[f1tz14]

It seems Dimon and his company is not done with their Bitcoin accumulation yet  .  Probably they realized that Bitcoin really have the capability to rebound and think of acquiring more cheap Bitcoin to get more profit from it.  So they release another wave of self thought criticism on Bitcoin in sync of the Chinese hostile action to make people think that they do actually know more.

This is so true. JP Morgan helping clients buy bitcoin after their CEO slates it, he has been reported and should be sacked. Interesting how the banks now are buying in and trying to rig the de-centralised markets as well as their own. They've started shorting it and will no doubt be trading futures soon to further manipulate, banksters are in crypto now, no doubt about that.

LOL, if really Dimon will be fired just because he forbade his employee trade and buy Bitcoin, I think that is good news for us, and the price of Bitcoin increase to the moon haha. No news can better the news a CEO fired by his bad said about Bitcoin

I hope he does as he blatantly manipulated a market that his company is buying into on behalf of their clients, looks deliberate so they get a cheap price and make profit, banks and investment banks doing what they do best and rigging markets. The good thing with crypto is it's in many normal people's hands so is impossible
to control from a government or bank..

[mozillaspez]

We all knew that we will keep receiving such attacks from the organized financial sectors because they are loosing business due to the crypto currencies. The money should have been flown in to their channel, is going to crypto accounts and people are investing heavily. However, We need to understand that Jemie is a smart banker and he will try to discourage us. We can only overcome all these non-sense if we keep our trust on it.

This is the second statement from Jemie and more to come. He will try to make us all fool but you can overcome it with our trust only. Bitcoin can't suffer for some fools.

Actually a big story behind all these fake news are to let down bitcoin but it is not working anymore because they are now flop and bitcoin is going once again and pump up and now jame will see the power of bitcoin.

[Yuhee]

We all knew that we will keep receiving such attacks from the organized financial sectors because they are loosing business due to the crypto currencies. The money should have been flown in to their channel, is going to crypto accounts and people are investing heavily. However, We need to understand that Jemie is a smart banker and he will try to discourage us. We can only overcome all these non-sense if we keep our trust on it.

This is the second statement from Jemie and more to come. He will try to make us all fool but you can overcome it with our trust only. Bitcoin can't suffer for some fools.

Actually a big story behind all these fake news are to let down bitcoin but it is not working anymore because they are now flop and bitcoin is going once again and pump up and now jame will see the power of bitcoin.

I dont actually interpret as fake news because even if it were a minor news, it will have an impact on the future of btc. Either for good or bad. We cant deny that there are still people who have different perspective about how cryptocurrency would affect the economy. These guys are famous personality in bitcoin and some of there words may influence others. But it is in us users of btc to make in last and prove them wrong.

[Idrisu]

Attacking on bitcoin using social media will not stop the impact bitcoin price very well to the level of kill bitcoin. Jamie dimon will definitely going to do the work of it pay masters and we would expect such mush attack from his likes. The good things about his attack is that he is helping us published bitcoin and making us going to mainstream early than expected.

[Ewox]

Let him say whatever he wants to say about Bitcoin, in the end I'm sure he will still invest in Bitcoin anyways. He will just eat up his words and Bitcoin will still increase its price even though he had been saying negative things about Bitcoin.

[skyline247]

I just read that JP Morgan is automatically closing any bank accounts associated to Bitcoin in any way. That means if you buy, sell or do anything related to Bitcoin your account will be closed. I just don't understand what they are thinking.

[Sled]

I just read that JP Morgan is automatically closing any bank accounts associated to Bitcoin in any way. That means if you buy, sell or do anything related to Bitcoin your account will be closed. I just don't understand what they are thinking.

That is not true. If that is true then there is a lot of news that will come out from the internet that are saying that if you will do some transaction with bitcoin then your bank account will be closed because i always do transaction like cashing in and out for bitcoin using my bank account and i don't encounter any problem with that.

[BitTraderCute]

i think jpmorgan want to make bitcoin with his version and off course its centralized haha

[Mometaskers]

If they try a crackdown on cryptocurrencies, bitcoin at least would go underground. See, there was a reason it used to have that seedy, underworld reputation. If they try to clamp on it, then all these money they see moving around in exchanges would go back into personal wallets  and circulate in its own economy, away from their grasp. Do they really want that?

[amaral1977]

It´s very normal that tradicional finance comes hard on cryptos. They are manipulating the market openly because they can. This is something to expect as new money comes in from BTC and traditioal finance invests in BTC they will listen to the usual news, so they will respond to them. Let´s just buy the Dips and be happy.

[btcdiggingmaster]

This idiot can do that all he wants and that only draws more attention to Bitcoin. If he thinks people are going to sell their bitcoins because of what he said, he's lost his mind. Bitcoiners know who he is.

Most of the traders know about him because every time he speaks about the Bitcoin and he used to say FUD about the Bitcoin. I think he is bothering about whether Banks share will become zero value when everyone Enter into the Bitcoin market.

[yoonah]

He just want to buy more bitcoin that's why he is create too much FUD but people doesn't believe him anymore because bitcoin price now is steady. Such a greedy person!

[VanDeinsberg12]

It is just me or people seem to always dump when JPMorgan release a negative statement against bitcoin?
At the same time when JPMorgan just released it to press, the bitcoin got a significant dump afterward, and then after few days or week, bitcoin got pumped again, such a joke lol.

[treather]

Why worry? they are only doing this to protect their interest. they cannot and would not stop the revolution. Viva bitcoin!

[bhadz]

Why worry? they are only doing this to protect their interest. they cannot and would not stop the revolution. Viva bitcoin!

We know what they did last time and the CEO of JP Morgan really wants to hoard a lot of bitcoin while it is still early. And there's no more big impact with the last statement of Dimon or we are just sick and used to his words.  I'm not worrying anymore if there is another statement that will go out from Dimon and will say that "bitcoin is dead", "bitcoin will not give you profit" almost every word that he want to say, he will say just to make the price of bitcoin lower again.

[joseafonso123az]

They knock it down, but at the same time help the pumping and dumping process of these digital currencies. Words can't affect bitcoin, only people leaving bitcoin out of fear can. But for how many leave, other will get in, and bitcoin will continue to survive, and increase it's value. We have to give this time, has it has not still made 10 years still.

[lordquanta]

Dimon Knocks Bitcoin Again: Crackdown Likely on 'Worthless' Cryptocurrency

Jamie Dimon is at it again.

Expanding on his recent criticism of bitcoin, the CEO of JPMorgan Chase bank is again out in the media warning "it will end badly" for the tech. In a fresh round of press interviews, Dimon told CNBC he is concerned about a flood of cryptocurrencies – thanks to bitcoin, ethereum and initial coin offerings (ICOs) – and believes governments will soon crackdown on the phenomenon.
Source: https://www.coindesk.com/dimon-knocks-bitcoin-again-crackdown-likely-on-worthless-cryptocurrency/


Previously action:
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

Entitiess like JP are known for their greater abilities of manipulating the markets  as per their benefit. They easily manage govts, market rise and fall thus they have firm grip over that financial area. Biggest problem for these companies is that they dont have much control over bitcoin world and they might be bit late to join this bitcoin party. Thus they want to create the fear uncertainty doubt in bitcoin world. Thus creating artificial falls and then make profit from it.
thus it is better to ignore these kind of threats and keep on working with your bitcoin life.

[kimochidesh]

But this time investors didn't get panic as before...that is a quite positive sign for crypto-market. Immature investors already exited the market after China ban news and JP Morgan's statement. So They are unable to effect Bitcoin price this time.

[Pumapipa]

We all knew that we will keep receiving such attacks from the organized financial sectors because they are loosing business due to the crypto currencies. The money should have been flown in to their channel, is going to crypto accounts and people are investing heavily. However, We need to understand that Jemie is a smart banker and he will try to discourage us. We can only overcome all these non-sense if we keep our trust on it.

This is the second statement from Jemie and more to come. He will try to make us all fool but you can overcome it with our trust only. Bitcoin can't suffer for some fools.

Nice statement you got here man! Very on point.
Look at it this way, where JPmorgan company is an established company with established reputation, like a very famous line of product. Trusted and known. On the other hand, bitcoin is an emerging product with a potential to overcome his #1 competitor which os JPmorgan. Many people is coming to know the kind of product that bitcoin is offering, making a switch to such. #1 competitor will do everything just to bring down the bitcoin just as no one will trust in it. But cmon man, bitcoin already won many.