J.P. Morgan 2017 - 2019

[Yoo]

Look at this picture ! 

What do you think about this picture ?

What is the reason for J.P. Morgan changed his mind ?

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[mk4]

But a centralized altcoin isn't sort of synonymous with bitcoin though? and also, Jamie Dimon said in a past interview that blockchain is "good", but bitcoin is a scam. Not trying to actually defend him(because screw him); I'm just stating facts.

Also, not 100% sure, but I think the JPM coin is made solely for bank<->bank transactions anyway, not for mass usage (correct me if I'm wrong).

[iqlimasyadiqa]

But a centralized altcoin isn't sort of synonymous with bitcoin though? and also, Jamie Dimon said in a past interview that blockchain is "good", but bitcoin is a scam. Not trying to actually defend him(because screw him); I'm just stating facts.

Also, not 100% sure, but I think the JPM coin is made solely for bank<->bank transactions anyway, not for mass usage (correct me if I'm wrong).

We cannot yet ascertain what will happen to JP Morgan. but the initial information that JP Morgan is so serious about digital currencies is a positive value. thus the development of digital currencies will be in a good situation. this will start a much better era and hopefully the future of the digital currency will be very bright.

[Jating]

I think you got it wrong.

First, the Jamie Dimon attack in 2017 was done not to attack bitcoin per se, but to cause panic, I mean he wanted to bring the price down because they're secretly buying tons of bitcoin during the dip.

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

And then they launches their own tokens, we can't call it crypto though because its for their private used and I'm sure they won't offer it to investors. Instead they will used it around their banks to help lessens the fees and the transaction time for their clients.

[sosobtc-Regina]

Actually I don't think JPM Coin is crypto, more like a certificate, for example, when  you go to casino, you need to exchange fiat for the chips, eventually change back to fiat. JPM Coin is most similar to that, only designed for the institutions and make the payment convenient and instant, at the end, you can also change to USD. But when it happened, it means blochchain and crypto are more and more closer between us. We can see the bright future.

[aioc]

Maybe he just realized that ordinary people are making a huge profit and can set up their own token why not him, he can generate big profit if decided to create his own coin and launch his own profit disguising himself as a savior of cryptocurrency now it is in the bear market.

[leonair]

This fast few years was a good year for Bitcoin even though it has fallen but it's normal and yet this man made a cryptocurrency too, hahaha.

He just effin' eat all his words! lol. With this move of him is like saying 'cryptocurrency is the future of banks' and may be result to a very good publicity once again to Bitcoin as he's the most anti-bitcoin CEO that flipped.

[pooya87]

What is the reason for J.P. Morgan changed his mind ?

i think you are confused about a meme.
what happened was starting from 2017 or maybe before he started talking negative about bitcoin and at some point he went as far as calling it "fraud" and he has been doing the same ever since without changing his stance. but at some point he also started praising the "technology" and build it up to their shitcoin which they recently revealed.

[CryptoBry]

But a centralized altcoin isn't sort of synonymous with bitcoin though? and also, Jamie Dimon said in a past interview that blockchain is "good", but bitcoin is a scam. Not trying to actually defend him(because screw him); I'm just stating facts.

Also, not 100% sure, but I think the JPM coin is made solely for bank<->bank transactions anyway, not for mass usage (correct me if I'm wrong).

Yes, I also read that this JPMCoin is to be utilized for the bank's global transactions and not be available to the common men and women just like the Bitcoin. Actually they can call it with other name not bearing the word 'coin' so they will not be raising many eyebrows but since it is also using the power of the blockchain and also this can be helping the image of the organization so that is why the name now. Wwe should not compare it to the usual cryptocurrency we are having right now. Anyway, am sure this can be a big help to this firm not just with the buzz it is generating right now but laying the foundation for its future. This is also not praising that man because I am not his real admirer.

[Erickan]

In my opinion, it is not surprising, no one can deny the role of bitcoin and blockchain in the future. The reason that they criticized bitcoin in 2017 is because it is known that cryptocurrency directly affects banks. But over time more and more big companies join in creating their own money: Telegram, Facebook .. So I believe that big companies, banks, organizations will soon join the cryptocurrency market.

[Yoo]

I think you got it wrong.

First, the Jamie Dimon attack in 2017 was done not to attack bitcoin per se, but to cause panic, I mean he wanted to bring the price down because they're secretly buying tons of bitcoin during the dip.

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

And then they launches their own tokens, we can't call it crypto though because its for their private used and I'm sure they won't offer it to investors. Instead they will used it around their banks to help lessens the fees and the transaction time for their clients.

Yeah you are right. I think indeed we can't call it crypto. And Ripple CEO Brad Garlinghouse also said that JPMorgan Coin Misses the Point of Crypto.
https://cointelegraph.com/news/ripple-ceo-brad-garlinghouse-says-jpmorgan-coin-misses-the-point-of-crypto

True, JPM coins will only be used for their clients.
https://www.techzim.co.zw/2019/02/jpm-coin-americas-largest-bank-launches-its-own-cryptocurrency/

What is the reason for J.P. Morgan changed his mind ?

i think you are confused about a meme.
what happened was starting from 2017 or maybe before he started talking negative about bitcoin and at some point he went as far as calling it "fraud" and he has been doing the same ever since without changing his stance. but at some point he also started praising the "technology" and build it up to their shitcoin which they recently revealed.

Now, I also think like that.  
I'm sorry.
Your fact have changed the way I think.
Thanks !

[n0ne]

What is the reason for J.P. Morgan changed his mind ?

i think you are confused about a meme.
what happened was starting from 2017 or maybe before he started talking negative about bitcoin and at some point he went as far as calling it "fraud" and he has been doing the same ever since without changing his stance. but at some point he also started praising the "technology" and build it up to their shitcoin which they recently revealed.

Yes, and this coin seems to be stable in value. From the overview about the coin understood it was an alternate to ripple, because it is developed in such a way to be functional on a centralized firm. This can be a way to turn people towards the largest financial network, this won't succeed as bitcoin is far away in growth.

[maxreish]

But a centralized altcoin isn't sort of synonymous with bitcoin though? and also, Jamie Dimon said in a past interview that blockchain is "good", but bitcoin is a scam. Not trying to actually defend him(because screw him); I'm just stating facts.

Also, not 100% sure, but I think the JPM coin is made solely for bank<->bank transactions anyway, not for mass usage (correct me if I'm wrong).

Right JPM coin is US approved bank cryptocurrency. People change. Just like how JP Morgan change his mind and heart about cryptocurrency. As far as i know, JPM coin is use when someone will transfer some money to someone else using blockchain for faster transactions.

[Kakmakr]

I stand to be corrected, but did he not say, "Bitcoin is crap, but Blockchain technology was good"?  I think this JPM Coin was part of their plan from the start, because they saw the opportunity to hijack the underlaying technology and to use that to their advantage. They still do not understand the reason why Bitcoin is this successful and that will be the downfall of their shitcoin.   

Bitcoin is not a copy of the fiat system and other payment systems, it is a alternative payment option without the centralized decision making like all of these shitcoins. 

[Tamilson]

I think you got it wrong.

First, the Jamie Dimon attack in 2017 was done not to attack bitcoin per se, but to cause panic, I mean he wanted to bring the price down because they're secretly buying tons of bitcoin during the dip.

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

And then they launches their own tokens, we can't call it crypto though because its for their private used and I'm sure they won't offer it to investors. Instead they will used it around their banks to help lessens the fees and the transaction time for their clients.

Definitely a buying strategy. Old guys here were witnessed about this, after saying bitcoin is fraud, the price dump and he saw this as a best entry point.

JP Morgan was nothing but a clever guy that uses his connection thus abuse his power.

We can anticipate that his shit coin will build by hype, oh I won't be surprise then.

[Pursuer]

this whole thing seems to me like a big hype to advertise their bank more. you may think they are already big and they don't need that but you would be mistaken. don't underestimate the hype that the blockchain technology has brought up with itself and they see that very well. this centralized token of theirs is exactly meant for that. to hype up their business otherwise there is nothing interesting here to even talk about since it is a centralized closed source and fully controlled token.

[KingScorpio]

Look at this picture !  

What do you think about this picture ?

What is the reason for J.P. Morgan changed his mind ?

freedom of course, the same reason everyone is doing icos,

money has a very rough nature. second world war was about money.

why are you so surprised.

JP simply thought at the beginning that the government will shut crypto down, but it didnt happened. so they started to join it in their way.

JP does a significant mistake, they think the economy around them considers them "important" so they can have an own coin

people consider the us dollar important because they think it benefits them. but with JP Coin?

regards

[gabmen]

Lol. I think many of already saw this coming. Jamie dimon knows how things work in this industry and since calling bitcoin all sorts of negative things didn't seem to bring it down for good, might as well get in the wagon. Xrp is doing quite well so i think their jpm coin won't fare badly as well.

[blockman]

What do you think about this picture ?

Dimon is really a banker and he knows what crypto's really are. It's not just a simple term that he should ignore and before I think he planned it very well. He spreaded FUD in the world through news medias and many have believed on it, and you can see the pattern of it. Just like the old fashion way of accumulating, you need to make the prices of it lower before getting it and so he did.

What is the reason for J.P. Morgan changed his mind ?

There's a clear picture about it, there's money on crypto's.

[CilginCocuk]

Look at this picture ! 

What do you think about this picture ?

What is the reason for J.P. Morgan changed his mind ?

JPMorgan intelligent man, The room seeks to keep up with the changing era, with evolving technology. In fact, we should not laugh at this situation. Because now the wallstreet is even slowly shifting to crypto. This guy's a money player.
The money is almost
The old wolf is there.