JP Morgan analysts predict continuous sinking on BTC prices

[Unblock_news]

JP Morgan is one of the leading global financial services firm in the world. It is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transactions, and asset management.

As reported by Ethereum World News, JP Morgan analysts assert that the prices of cryptos are unlikely to increase in the near future. They argue that it is still not enough to be exchanged with the fiat money, despite the widely-hyped craze about blockchain technology and cryptocurrencies.

Read more here: https://www.unblock.news/news/jp-morgan-analysts-predict-continuous-sinking-on-btc-prices

[jossiel]

Who's their leader? well there's a history on how he's been sinking the prices of bitcoin just for him to accumulate that much. For those wise investors, everytime when we see news like this it's becoming the go signal button to start buying.

Why?

It's possible that they have been buying again just like what they did last time. I'm not anymore affected when there's an 'analysts' or anyone that came from JP Morgan that keeps on telling such negative words about bitcoin.

[Irvinn]

They believe that Bitcoin may fall to the price of $ 2,400, and if the cryptocurrency bear market continues to drag on, then to $ 1,260. Of course, now everything can be. In a week we will be able to recognize that this is the longest bear market,  which was in the history of cryptocurrency. Previously it was 420 days. Well, no matter how low the cryptocurrency is now falling in price, its development occurs at any prices. And the recovery of prices in the market will be vseravno. We are waiting for positive changes in ICO projects and go to the traders.

[pooya87]

it is just that time of the year again when the cockroaches crawl out of their hideouts to peck at bitcoin price again with their negative statements. their only motivation is either fear for their corrupted business or wanting to accumulate bitcoin themselves while discouraging everyone else to do so.

the fact is there is simply no reason for price to go any lower not to mention that the current price is already below the real value of bitcoin so they are basically saying the undervalued asset is going to become more undervalued!

[bL4nkcode]

Let that old fart speak what he wants, he's been saying that eversince and no one will listen from any people named in that company including their superiors. Btw didn't click any link, your source is a bit shitty to me.

[mk4]

Yea.. I really see nothing new here. JP Morgan Chase trashing on bitcoin? It's just like taxi drivers trashing on GrabTaxi or like PayPal trashing on bitcoin/cryptocurrencies. What do you really expect? Expect them to trash talk things that could potentially negatively affect or even potentially kill their business in the future.

[Accepted_check]

It's just a prediction. They're not really sure if their prediction will happen or not. They keep spreading negativity in bitcoin so its price may fall more and they can buy btc in a much lower price. I don't care if it may fall to $1,260 coz I know that it will just recover. It's a great opportunity for those who have a lot of funds to accumulate more bitcoin coz when btc starts to recover, then surely you'll going to earn huge profit. It's just a survival of the fittest here in crypto world.

[Kakmakr]

Who cares what JP Morgan predicts for Bitcoin, when they are widely regarded as Bitcoin's competition.    In any way, I have seldom seen any investment firm that predicted the Bitcoin price, correctly in the past. Their motivation for these predictions is mostly based on speculative greed and jealousy. <Because Bitcoin is targeted at their market>

We determine our own fate with the actions we take and not on what our competition wants us to believe.   

[Potato Chips]

Lmfao this guy literally said its a fraud back in Sept. 2017 when the price was at $4K and then took it back in jan 2018 saying that "blockchain is real", "I regret making that comment".

Oof, I wonder how many of these "analyst" has bothered looking up information and have an understanding of the basics 🤔🤔🤔

[figmentofmyass]

Yea.. I really see nothing new here. JP Morgan Chase trashing on bitcoin? It's just like taxi drivers trashing on GrabTaxi or like PayPal trashing on bitcoin/cryptocurrencies. What do you really expect? Expect them to trash talk things that could potentially negatively affect or even potentially kill their business in the future.

they don't always trash bitcoin. they called it "the new gold" in december 2017. it probably just depends where we are in the market cycle.

i'm not convinced bitcoin will kill their business at all either. they're primarily an investment bank---bitcoin can't replace regulated brokers, particularly regarding brokering fiat money transactions. even on the retail banking end of things, i predict there will be a sizeable niche for banks offering crypto depository accounts. they might skim fees and commissions off crypto transactions just like they do everything else.

[Bttzed03]

He is not the only one saying it. Even the head of Cardano had a similar opinion. I also believe that it will take two or three more years before we see a significant increase.

[avikz]

JP Morgan is one of the leading global financial services firm in the world. It is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transactions, and asset management.

As reported by Ethereum World News, JP Morgan analysts assert that the prices of cryptos are unlikely to increase in the near future. They argue that it is still not enough to be exchanged with the fiat money, despite the widely-hyped craze about blockchain technology and cryptocurrencies.

Read more here: https://www.unblock.news/news/jp-morgan-analysts-predict-continuous-sinking-on-btc-prices

There are two companies that we all need to avoid in terms of any crypto related analysis. First one is JPM and the second one is Berkshire Hathaway. The reason is that the Owner/CEO of these two companies are known bitcoin/crypto haters. Jemie and Warren are two known crypto haters and the reason is too obvious. Bitcoin and crypto is directly affecting their business and they see it as a threat to their business.

It's no wonder that their analysts will talk negatively about it, so just avoid these two companies for any kind of bitcoin and crypto predictions, for good!

[eaLiTy]

JP Morgan is one of the leading global financial services firm in the world. It is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transactions, and asset management.

As reported by Ethereum World News, JP Morgan analysts assert that the prices of cryptos are unlikely to increase in the near future. They argue that it is still not enough to be exchanged with the fiat money, despite the widely-hyped craze about blockchain technology and cryptocurrencies.

JP Morgan might be the leading global financial service firm in the world but they are bashing bitcoin and the entire market from the start calling it a big scam and a bubble and why on earth i would listen to their analysis, everyone can come up with their opinion when the market is down and can call for yet another bottom, what JP Morgan used to do in the past was to call bitcoin a bubble that could burst any time when the market was soaring, so i do not value their input about the market.

[Reid]

Even without JPMorgan analysis, it is a fact that crypto currencies will be blooming. Just look at your environment specially in the city.
People are 24/7 using their smartphones with internet and some with their computers.
It is like a necessity by now.
Without internet, you aint in.
And where is crypto currencies there? Yes, it is with the internet with easy access to transactions.
One more example are online shops. I will let you savor that in your imagination.

[qiman]

Morgan Stanley is known very well for shorting the market, it even hedged against it's own derivatives and sunk sovereign nations like Greece into spiraling and out of control debt. They were the very people that trashed Bitcoin and tried to bring the prices down and at the same time they had their own people in scooping all the dumped Bitcoin in for themselves to make a killing from. We know what these so called analysts try to do, they try to set the market and dictate the market by persuasion tactics and the people with the herd mentality follow them, that is why they are so wealthy and we are so stupidly poor, because we follow these types of people and call them God.   We should start thinking and going against the grain for once.

[btc_angela]

What do you expect? They have done it before, spreading shills against bitcoin but behind they are quietly accumulating and then dumping it hard to make tons of money for them and their clients. So I'm not surprised that they're saying malicious lies again and repeat what they have been done in the past. Not be trusted, to say the least.

[Viscore]

That's up to you if you believe in them.
This market is different and hard to predict so they might be wrong, I don't know why they are interested with bitcoin now
and maybe they are just trying to give bad prediction so people will again dump and they will continue to accumulate.

It's hard to trust people now, make a decision based on your own judgement, let us not get influence but their prediction, they are anti crypto.

[daarul50]

I'm tired of hearing things like this. they just scared the bitcoin holders and influenced to sell the bitcoin they owned. Whereas if the effect of this article is successful then they will benefit because they can get a lot of bitcoin at a relatively cheap price. At the moment I think the price of bitcoin has been very stable and if it experiences a decline it will not be too drastic like what happened before.

[Saisher]

I feel disappointed and at the same time worried reading Dimon analyst but my only consolation is the last part of the article where it mentions @galaxybtc 
he said and I quote

to post about the possible situation of the cryptocurrency market, and what might be its outcome. He said that the decrease in crypto prices could be somehow similar to the bear market that has happened on 2014-2015. During those times, the bear market lasted for 420 days. On his prediction, if the situation that has happened before and what is being experienced now, then the downturn will be nearing to its end.

I hope we can see the light on this predictions.

[bitcampaign]

the news seems excessive with words that might make people panic, I see it's not too interesting so much news about JP Morgan that I read and not like they say, I better wait for the right time to really buy it cheap