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Author Topic: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down  (Read 3890 times)
LiteCoinGuy (OP)
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January 23, 2014, 11:08:24 PM
 #1

JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts its downfall

http://rt.com/usa/chase-ceo-bitcoin-terrible-downfall-100/

http://video.cnbc.com/gallery/?video=3000238715


maybe he is so negative about BTC because he dont understands it (fully)? maybe wells fargo understands it better?

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January 23, 2014, 11:31:03 PM
 #2

Cute... you can use all of his arguments as the best pro-btc ads Smiley

He forgot about volatility though.. noob mistake
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January 23, 2014, 11:36:19 PM
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cool if JP morgen dopes not like it its a good thing.

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Mike Christ
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January 23, 2014, 11:40:15 PM
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He doesn't have to use it Grin

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January 23, 2014, 11:47:24 PM
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Reason he's mad http://www.cryptocoinsnews.com/2013/12/16/zerohedge-jpmorgans-bitcoin-alternative-patent-rejected-175-times/

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January 23, 2014, 11:49:11 PM
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What about his "bitcoin" patent?

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January 23, 2014, 11:49:29 PM
 #7

Guys...could you help me with a little question?

WHAT-A-HELL-IS-GOING-ON-HERE?

Take a look at this FB profile: https://www.facebook.com/rodrigo.batista.965

He is the admin of the MercadoBitcoin.com.br, the biggest BTC exchanger in Brazil...
If you take a look at his occupation...he work at MORGAN STANLEY!

So...WHAT-A-HELL-IS-GOING-ON-HERE?
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January 23, 2014, 11:52:21 PM
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J P Morgan =/= Morgan Stanely

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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January 23, 2014, 11:58:10 PM
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J P Morgan =/= Morgan Stanely

You are right, Morgan Stanley belong to the JP's founder...
They are so differents that i can feel a strange smell right here...
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January 24, 2014, 12:00:05 AM
 #10

Thanks for the free publicity! 1 satoshi tip to Jamie's BTC address.

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January 24, 2014, 12:12:58 AM
 #11

These guys only ever talk their book ... i.e. he's looking to buy in lower  Grin

A quintessential Goldman Sachs "rip-the-faces-off-the-muppets" moment, cherish it.

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January 24, 2014, 02:00:28 AM
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I can't wait to see Max Keiser's response to this; his head might actually pop.

This was even before any bitcoin comments from Dimon: http://www.youtube.com/watch?v=kw2DskGbE6Q
http://www.youtube.com/watch?v=evf9oCwi0aE
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January 24, 2014, 02:59:57 AM
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If anyone lives near the Fed or JPM, please head over there and stick a "we accept Bitcoins" poster on the lobby wall. Photos would be cool! Smiley
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January 24, 2014, 03:14:18 AM
 #14

JP Morgan Chase CEO is... "Terribly f_cking retarded" and "Scared out of his eff'n mind..."  

Bitcoin 1.0 and Bitcoin 2.0 out to decimate Fraudsters, Banksters and cleptocrats  -  To quote Max Cheesy

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January 24, 2014, 05:02:08 AM
Last edit: January 24, 2014, 06:45:25 AM by Peter R
 #15

I decided I wouldn't look at bitcoin at all today so that I could get some work done.  I sneaked a peak this evening to find the markets falling and Jamie Dimon and Jacob Lew smacking bitcoin!  Never a dull moment.  

After reading Jamie's quotes about "fighting crime," I decided that I really can't discern parody from truth anymore.   What would be the average American's response after seeing him on the side of angles fighting the evil bitcoin?  

This is Jamie Dimon.  JAMIE DIMON.  From the biggest US bank JP Morgan Chase.  Remember the cooked books, corruption, bailouts and obscene bonuses?  And wasn't Jamie the CEO who bought the $50,000 toilet for his office?  




EDIT: No, it was John Thain from Merrill Lynch and the toilet was only $35,000. Jamie Dimon took $25 billion in TARP money, ordered two Gulfstreams costing $120 million, and then spent $18 million to renovate a hangar at Westchester Airport near New York City (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aa_Te7wk9JrA)




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January 24, 2014, 06:12:12 AM
 #16


"He added that Bitcoin was “a terrible store of value” that “can be replicated over and over,” and that according to reports, “a lot of it is being used for illicit purposes”.

Further Read: http://www.ft.com/cms/s/0/a00df0fc-8496-11e3-b72e-00144feab7de.html#ixzz2rIG9HzC0

He added that Bitcoin was “a terrible store of value” that “can be replicated over and over,” and that according to reports, “a lot of it is being used for illicit purposes”.


What the hell is talking? I agree that, Bitcoin might be good store of value  due to its high volatility. But, "can be replicated over and over" is something that doesn't make any sense to me. Am I under learned or is he ignorant about replication/creation of Bitcoin. He must travel to Indian and take a crash course on Bitcoin from Koieing Solution.

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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January 24, 2014, 01:22:01 PM
 #17

There you go guys!
http://finance.yahoo.com/news/fined-billions-jpmorgan-chase-dimon-040046731.html

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January 24, 2014, 01:29:59 PM
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'Here's wishing 1% of you a joyous holiday!'
 Cheesy
Now that's cheeky!
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January 24, 2014, 01:30:47 PM
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What the hell is talking? I agree that, Bitcoin might be good store of value  due to its high volatility. But, "can be replicated over and over" is something that doesn't make any sense to me. Am I under learned or is he ignorant about replication/creation of Bitcoin. He must travel to Indian and take a crash course on Bitcoin from Koieing Solution.
He's talking about altcoins. It's a stupid argument.
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January 24, 2014, 01:57:31 PM
 #20

He belongs to the dinosaurs age..WE don't care what he thinks or says..time to move on..to generation 2.0.. (edit 0.8.6)

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