J.P. Morgan Thinks the Big Crypto Rally Is Overdone

[ImThour]

https://www.barrons.com/articles/bitcoin-crypto-markets-today-32ed3659


After a small correction which was seen by everyone who knows how Bitcoin works, the analyst at the top company like J.P. Morgan thinks the Crypto Rally, especially Bitcoin is done.
How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

What do you all think about this?

[1714204942]

1714204942

[Charles-Tim]

What do you all think about this?

What is the person referred to? An analyst. As some analysts will be saying A, some other analysts will be saying Z. What you can just do is to buy and hold bitcoin and relax because bitcoin is going all-time-high by next year and next 2 years.

Some analysts predicted that bitcoin will fall to $20000 again but it did not happen but increased over $35000 instead.

[mk4]

Most of these "analysts" are fossils — I don't think they can even grasp the concept of why bitcoin has 'value'.

But yea, even if from a trading perspective, you really can't expect every single person to have the same price predictions; someone has to be wrong, someone has to be right.

[Eternad]

How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

What do you all think about this?

Their analyst is doing what’s their company wants. They are thinking using their balls instead of their brain when it comes to Bitcoin. Their company probably missed out the dip or just recently take profit that’s why they resort to this kind of shitty prediction just to fuel FUD in times of correction.

I bet that they are spouting now about Bitcoin target price is 1M if they are holding Bitcoin right now.

Quoting what my girl Taylor Swift said:

And the haters gonna hate, hate, hate, hate, hate
Baby, I'm just gonna shake, shake, shake, shake, shake
I shake it off, I shake it off (ooh-ooh-ooh)

Let’s just shake them off!

[arhipova]

What do you all think about this?

What is the person referred to? An analyst. As some analysts will be saying A, some other analysts will be saying Z. What you can just do is to buy and hold bitcoin and relax because bitcoin is going all-time-high by next year and next 2 years.

Some analysts predicted that bitcoin will fall to $20000 again but it did not happen but increased over $35000 instead.

There are only two possibilities from here: bitcoin is done now or we have bull run in next two months. Be predicting one of these, they have 50% chance of success. Many are bitcoin supporters of bitcoin here and will thus not like this prediction though.

[Majestic-milf]

What do you all think about this?

Analysts have been known to give their two cents on the price of Bitcoin over the years and while some of their opinions should be taken with a grain of salt, I'd prefer to ignore this one. There has been so many predictions concerning Bitcoin price and although they are trying to prepare investors to not get carried away by the sudden jump, I feel it's not necessary. If this is their way of spreading FUD, they are doing a pretty poor job at it. What do you expect of them though? Sitting in their fancy offices and making these funny assumptions about Bitcoin just goes to show how little they know about it.

[freedomgo]

Whenever I come across crypto news involving J.P. Morgan, I anticipate negative comments about Bitcoin. They have been critical of Bitcoin in the past and seem resistant to acknowledging its successes, despite being proven wrong multiple times. So, my advice is not to pay too much attention to this company; they may not be presenting an accurate picture of the situation.

Some of the news in the past involving this company.

JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’’

Jamie Dimon’s infamous 2017 bitcoin takedown still serves as a warning as the decade winds down

[Davidvictorson]

What do you all think about this?

Analysts would say all sorts of things, that is their job. They need to have something to say to their bosses who would appear on live TV to have something to say to the TV presenters. I empathize in advance with those who would listen to their BS and decide to invest based on whatever garbage to have to spew out of their mouths against bitcoin.

Wise and smart investors know to buy and hold. It doesn't matter whether it is reaching its ATH or not, what matters is that as long as it is not depreciating in value.

[Odohu]

After a small correction which was seen by everyone who knows how Bitcoin works, the analyst at the top company like J.P. Morgan thinks the Crypto Rally, especially Bitcoin is done.
How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

What do you all think about this?

What I see is a deliberate attempt to spread fud with the aim of discouraging more buys so price can give them a discounted entry. I know JB Morgan have interest in Bitcoin even though they have not had the boldness to come out openly. The rally they referred to actually caught a lot of them unawares and also show them that Bitcoin is not to be written off as most of the big cooperations are making people think.

They will continue to be wrong as far as Bitcoin is concerned and soon they will realise that "if you can't beat them, join them"

[Yaunfitda]

After a small correction which was seen by everyone who knows how Bitcoin works, the analyst at the top company like J.P. Morgan thinks the Crypto Rally, especially Bitcoin is done.
How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

What do you all think about this?

I would take everything JP Morgan will says about crypto or bitcoin in general. Haven't we have learn from the past? Remember Jamie Dimon statement about Bitcoin wayback in 2017?

6 years ago from today, the JP Morgan CEO said that Bitcoin is only used by "drug dealers and murderers" and he still does not believe in Crypto, yet we got mainstream adoption without him. We don‘t need institutions.

https://www.binance.com/en/feed/post/1227695

So it's pretty obvious that they have their own intentions to create another FUD. But the good thing is that majority will not fall for it. Better just ignored this noises, when we goes on a bull run, they will obviously back pedalled again or we don't know just like what they did before, they could be simply accumulating and wanted to buy at a cheap price.

[Aanuoluwatofunmi]

When the market rises, people will talk all manners of things, when the market equally falls, same thing will go viral and the news begin to spread about every possible events that lead to having such market experience, as long as bitcoin market is concerned, it will always be volatile and there could be any reason to have cause a market rise or fall under it's demand or supply level, i wonder if alot had not been said already by Michael Saylor as well under this same short dump on market price.

[KiaKia]

This J.P Morgan knows nothing about Bitcoin chart, why Bitcoin becomes bullish depends on it's movement, weekly, monthly and yearly price actions, it's all in the chart, so he is just using his influence to gain attention and maybe cause some rukus.

I have been hearing nonsense from many popular people since 2017 and most of them have learned but some haven't, everyone is free to run their mouth but it will be stupid of you to take their words seriously, they know nothing, they predicts and something else happens, is this the type of people you want to believe?

I've learned to never get carried away by someones point of view in crypto space, I don't care, you will end up getting confused if you follow anyone, let your own be to buy when the market is bleeding and sell when the market is surging, use bear market and bull market to your advantage, forget what others are saying.

[Yamane_Keto]

I cannot read the article because it is either paid or requires a subscription, but for J.P. Morgan made some predictions that were not accurate or that were taken out of their wording, and I believe that the reason for this is that these people analyze Bitcoin from the point of view of the stock market without considering that Bitcoin is a useful thing and deserves to have tools different from stock analysis tools, or they make this statement or wrong information in the hope of lowering the price and buying at a low price. Bitcoin is not affected by these analyses, making it ineffective.

[PrivacyG]

How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

They are not bad at their profession.  In fact.  They are actually impressive at their profession.  They have a purpose for most articles.  And honestly.  Who would expect positivity and support from J P Morgan in regards to an asset providing an alternative to what they made money out of.  They are still a business, not charity.

[franky1]

always remember...

when influencers want to sell they try to excite others to want to buy.. so they can sell higher
when influencers want to buy they try to depress others to want to sell.. so they can buy lower

a large institution wanting to buy. wont shoot their own deals in the foot by making the competition outprice them. they will want to kill the competition to maximise the best deal

dont always believe what someone says without them explaining why

..
gotta love the article title
"Bitcoin Loses Out on Post-CPI Rally as Stocks and Gold Soar While Cryptos Fall"

it tries to insinuate that bitcoin reacts to US dollar financial news..
but
bitcoin has its own economy, its own economic reasons for speculation. its own underlying economics that hold its value support below the market. bitcoin is different and not affected by the US dollar drama

[pawanjain]

snip

After a small correction which was seen by everyone who knows how Bitcoin works, the analyst at the top company like J.P. Morgan thinks the Crypto Rally, especially Bitcoin is done.
How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

What do you all think about this?

They are just doing their jobs. If one of the analyst thinks bitcoin rally is done that doesn't mean everyone at JP Morgan thinks the same.
Saying that JP Morgan thinks crypto rally is over is not appropriate because it's not like the company has made an announcement or anything.

For some reason, I am not able to see that latest post in this article. The latest post displayed is from Nov 14 and not Nov 15.
Have this site deleted the post ?

[onecall123]

Perceptions vary from person to person. It's important to do your own analysis and not rely on others. Bitcoin tends to follow its own path. Personally, I've learned a lot about the ups and downs. I'm a holder, but when I used to see the market going up/down, I would like to react based on my own thoughts.

We're currently in a healthy bullish uptrend, which is completely normal. Don't let news or other distracting narratives throw you off your game. Stick to the charts and your own strategy.

[Die_empty]

After a small correction which was seen by everyone who knows how Bitcoin works, the analyst at the top company like J.P. Morgan thinks the Crypto Rally, especially Bitcoin is done.
How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

What do you all think about this?

These so-called analysts in J.P. Morgan are based on the research report that the Bitcoin ETF might not bring the perceived turnaround that investors are predicting. They are of the view that spot ETF is already operational in Canada and some part of Europe yet it has attracted fewer investors. They are of the view that the positive impact of the spot Bitcoin ETF has been over-hyped because it might not attract billions of dollars as predicted.

You don't have to pay attention to these predictions that are based on mere speculations or hearsay. A few months ago the same analysts came up with two predictions on the price of Bitcoin.

JPMorgan Predicts Bitcoin (BTC) To Revisit $45,000, Here’s Why

Bitcoin at $146,000? JPMorgan Thinks So

[shield132]

After a small correction which was seen by everyone who knows how Bitcoin works, the analyst at the top company like J.P. Morgan thinks the Crypto Rally, especially Bitcoin is done.
How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

What do you all think about this?

Analysts at top company like J.P. Morgan know what they say, they aren't drunk. Thy have tons of money in their pockets and are highly educated but that doesn't mean they'll be honest and frank with people. They own centralized services, own financial institutes, have influence on billions of people and control them by controlling the money supply. Why do you expect them to say anything in favor of crypto? BlackRock owns 194.92MM shares of JPMorgan Chase & Co that translates as 6.6% share of the company. BlackRock invests in Bitcoin but J.P. Morgan says bitcoin will fall. Does it make sense? I think the message is clear, they are manipulating the market and people.

[electronicash]

After a small correction which was seen by everyone who knows how Bitcoin works, the analyst at the top company like J.P. Morgan thinks the Crypto Rally, especially Bitcoin is done.
How can they be so bad at their profession? I don't have a finance degree and I was able to call the $26k to $40k to $30k like two months before it all happened.

What do you all think about this?

Analysts at top company like J.P. Morgan know what they say, they aren't drunk. Thy have tons of money in their pockets and are highly educated but that doesn't mean they'll be honest and frank with people. They own centralized services, own financial institutes, have influence on billions of people and control them by controlling the money supply. Why do you expect them to say anything in favor of crypto? BlackRock owns 194.92MM shares of JPMorgan Chase & Co that translates as 6.6% share of the company. BlackRock invests in Bitcoin but J.P. Morgan says bitcoin will fall. Does it make sense? I think the message is clear, they are manipulating the market and people.

i bet those words come from Jamie Dimon. J.P. Morgan does have their own blockchain and they have their own coin too which they would like their investors to use than something else like BTC. that's how it makes sense.

somehow they ask where the money will come from to pour into Bitcoin like they don't know. or he just forgets that the limited supply of BTC and halving is also coming making the rally far from being over.