JP Morgan creating their own bitcoin storyboard with the help of Bloomberg

[bbc.reporter]

I shake my head at this. This is fake news that was created by the corrupt journalists in Bloomberg and was paid by the scammers from JP Morgan to release it to the public.


Jaime Dimon, CEO of JP Morgan

Bitcoin Gets a Boost From JPMorgan’s Embrace of Cryptocurrencies

Bitcoin is approaching $4,000 for the first time since the start of the year, as the largest cryptocurrency gets a delayed boost from the announcement last week that JPMorgan has developed a prototype digital coin that it plans to use to speed up payments between corporate customers.

Read in full https://www.bloomberg.com/news/articles/2019-02-19/bitcoin-gets-delayed-boost-from-jpmorgan-s-embrace-of-crypto

[pooya87]

I shake my head at this. This is fake news that was created by the corrupt journalists in Bloomberg and was paid by the scammers from JP Morgan to release it to the public.

Bitcoin Gets a Boost From JPMorgan’s Embrace of Cryptocurrencies

they are just taking advantage of a coincidence to increase their influence on bitcoin price so that they can make more profit in the future if another good opportunity showed itself. we have no one else to blame but ourselves since when their CEO spread FUD about bitcoin everyone panic sold and helped them crash the price and buy cheap coins. now they loved it and want to repeat it in the future too. this is just the groundwork.

[MakeMoneyBtc]

I'm surprised how people come up with so much fake news and what's sad is that most people belive it. The truth is they are controlling the market and its hard for us to change that. Big companies have higher influence than anyone and they can spread the news very fast about anything they want. And they use their power to mislead people then take advantage of that.

[NeuroticFish]

JP Morgan said that Bitcoin is a scam. Now they make a scam coin calling it crypto.
They never embraced crypto. All they care about is to make profit. Of course, they buy journalists to put them into good light. It's part of their normality.

More the fools believing their fake news, more the money for them.

[wuvdoll]

Oh screw that! Bitcoin didn't increased because of JP Morgan, JP Morgan didn't buy bitcoin at that height and if you look at the market it is because people do tend to be speculative about the price and it always changes up or down.

JP Morgan trying to get attention from bitcoin world is just shady and I do not know what they think they could get out of this, they are not even supportive of bitcoin itself, they are trying to create their own blockchain technology so they could send and receive money easily which only helps them and no one else so they are not even helping out the market at any way possible. They will just become something like a bigger ripple for niche transactions of themselves without a public coin.

I hope their blockchain fails and creates a ton of problems for them.

[1Referee]

Not sure why people continue to be so salty about this? It's just them riding the crypto hype, so what?

We already knew that Jamie Dimon doesn't shy away from using tricks and lies to accomplish whatever he feels is needed to push their own narrative. It works to trigger the crypto peeps, and as long as that is the case, they will continue to generate more sensation and hype going towards their own silly 'coin'.

Why do you think con artists such as Roger Ver and Crack Wrong continue to trash Bitcoin? It's all related to publicity they wouldn't have leaving Bitcoin alone.

[davis196]

Every time bitcoin price goes up,I see news about JP Morgan Chase or Goldman Sachs adopting crypto.
Every time the bitcoin price crashes,I see news that JP Morgan Chase or Goldman Sachs are abandoning their crypto projects.
Conclusion:This is mindless propaganda for the idiots...

[kryptqnick]

Well, they simply benefited from the sequence of events, ignoring that post hoc non ergo propter hoc. JP Morgan is a terrible scammy company that surely has enough money to pay for ridiculous news. Bloomberg, however, is a disappointment, because I found them pretty trustworthy before. Yeah, I am pretty sure the price movement has nothing to do with JP Morgain nonsense. Buying an article is so easy nowadays that it becomes pretty hard to know which portals are actually trustworthy and which just weren't caught yet. In my short period of work for an ICO, I encountered many offers from companies that promise to get articles published essentially about any shitcoin in forbes, cointelegraph and other rather famous websites. Maybe they are just scammers, but if it's really that easy to get your story in, that's truly sad.

[dothebeats]

This isn't new as we all know that Jamie Dimon is a scum who will do anything for publicity and free promotion. No one really knows what is the catalyst for the recent price increase, and perhaps JP Morgan was just lucky that a few days after they have stated their own cryptocurrency, something happened within the cryptomarket which caused the price increase. Anyway, it's just pretty obvious that someone got paid for the said article even though most of us here know that their own coin was not the reason. Let them enjoy their own party, I guess.

[Upgrade00]

With a broader scope of of sources of information, one can easily debunk news such as these. But just like in every other market, there are lots of noobs who are easily influenced by shills and FUDs, and they may be the target of this publication.
That's why this forum is helpful for analysing media reports, snd protecting our common interests.

[Baofeng]

I'm sure bitcoin enthusiast know it better than those supposedly journalist in crypto. It's just a coincidence and we all know for a fact that JPM is just creating their own private token so we couldn't say it's cryptocurrency per se and it has nothing to do with the recent price boost. Many FOMO because SEC will review two Bitcoin ETF's that's why the price seems to pick up and had touch $4k again, however the price is didn't sustained though.

[enhu]

They created a scam coin and then claimed the reason for BTC price increase, that is ingenious of them.  I wouldn't be surprise if they will also be creating their own exchange sooner and the only stable coin to be there would be the JPMcoin. And then news published the next day to crypto sites including the wallstreet journal telling their exchange is going to be better than Okex.

[cellard]

The Jamie Dimon indicator is one of my favorites:




I wouldn't be surprised myself if they allow the JPMcoin thing in exclusive JPMorgan-monitored exchanges as a way to compete against Tether and the chinese version of Tether, whatever the fuck that's called.

They just want to rack in trading fees, that's all. They've seen Bitcoin is not going away, and they want to milk the altcoin bubble while it lasts from suckers that still are buying alts. If JPMorgan created an exchange, I doubt it would be an exclusive Bitcoin to USD (through JPMcoin) exchange, they will milk whichever alts can give them money as well. They are probably getting jealous at Coinbase and Kraken while they sit and watch them make all the money.

The overall lecture is positive for Bitcoin. The more exchanges out there the better (even if the exchanges supports some shitcoins as well)

[bitgolden]

Am not surprised about the news at all, this is not the first time JP Morgan has caused this kind of FUD just to manipulate the market. I was thinking now that he has accepted the crypto market not to be a scam, that he will talk good of all crypto.

For all I care, he is just using is influence as a know person in the world to hype his own coin in order to make lots of money.

[Harlot]

With all my experience here in the crypto industry all news can be connected to Bitcoin's price movement whether it will go down or go up the news media will always find a way on how they will connect past actions to the current price movement. The problem here is its irresponsible journalism, they are just creating this kinds of news in order to have traffic from their site, the worst part is a lot of people actually believe in what they are saying. It seems like the only way to stop them now is for us to not view their shit.

[magneto]

News simply can't be more fabricated than this 

I don't see anyone even talking about what JPMorgan has did in the market. In fact, JPMorgan developing their own coin or whatnot has absolutely nothing to do with how bitcoin moves in the market whatsoever. They're really trying to push a completely false idea that JPMorgan has any sort of tangible influence on the crypto market.

And aside from that, you've also got completely inconsistent commentary from Dimon, which makes the whole thing even more unbelievable. Prices have gone up in recent days due to a natural trend reversal after bitcoin apparently bottomed, and most likely with some FOMO element to it as well. It is not attributed to JPMorgan doing any of their nonsense.

[figmentofmyass]

I shake my head at this. This is fake news that was created by the corrupt journalists in Bloomberg and was paid by the scammers from JP Morgan to release it to the public.

nah, i honestly think it's more innocent than that.

any time the price moves in any market (not just crypto), media commentators make shit up like this. they always try to explain why the price moved when they actually have no idea whatsoever. often times, there is no news at all, just technical changes to supply and demand (sellers drying up, demand increasing at lower prices). but of course, they still come of up with some bogus story about why price moved.

[mrdeposit]

I shake my head at this. This is fake news that was created by the corrupt journalists in Bloomberg and was paid by the scammers from JP Morgan to release it to the public.


Jaime Dimon, CEO of JP Morgan

Bitcoin Gets a Boost From JPMorgan’s Embrace of Cryptocurrencies

Bitcoin is approaching $4,000 for the first time since the start of the year, as the largest cryptocurrency gets a delayed boost from the announcement last week that JPMorgan has developed a prototype digital coin that it plans to use to speed up payments between corporate customers.

Read in full https://www.bloomberg.com/news/articles/2019-02-19/bitcoin-gets-delayed-boost-from-jpmorgan-s-embrace-of-crypto

lol. They did not understand that Bitcoin was different. Do they think they will attract the attention of the community with these mistakes? The man who changed his mind 3 times in 3 years and eventually created his own crypto increased people's attention to Bitcoin. 

[bbc.reporter]

I shake my head at this. This is fake news that was created by the corrupt journalists in Bloomberg and was paid by the scammers from JP Morgan to release it to the public.

nah, i honestly think it's more innocent than that.

any time the price moves in any market (not just crypto), media commentators make shit up like this. they always try to explain why the price moved when they actually have no idea whatsoever. often times, there is no news at all, just technical changes to supply and demand (sellers drying up, demand increasing at lower prices). but of course, they still come of up with some bogus story about why price moved.

However, it is never more innocent than innocently creating a clickbait title or a deceiving article to get more clicks or to spread fake news. As journalists, it is their responsibilty to know than to write fake news like this, I reckon.

[Oilacris]

---snip----

lol. They did not understand that Bitcoin was different. Do they think they will attract the attention of the community with these mistakes? The man who changed his mind 3 times in 3 years and eventually created his own crypto increased people's attention to Bitcoin. 

Sad to say but yes, there are fools who do believe when someone publish those fake news.For people who have clear understanding on how these market works and the past issues into these
personalities you would really react.They are just now saying positive because they do like for their coin to be dragged out with BTC popularity but that JP Morgan coin is just a total shitcoin.