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LogitechMouse

legendary

Activity: 2576

Merit: 1043

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Part or not, what we can do right now is to just and follow the train Cheesy

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Is there anything that we can do if JPMORGAN is really part of the pump and dump??

Right now the pump that we are seeing is because of the institutions coming in and it has a domino effect. It doesn't matter right now if banks are coming in or those pessimists in the past are coming in. What is important right now is to just follow them sell at your target price

Darker45

legendary

Activity: 2576

Merit: 1860

But you can always ride the waves they created, can't you?

The price right now is more of a result from the decisions and actions of these large investors. But it is not only them that benefit from it. The price increase benefits every single Bitcoin owner. Thanks to them you can liquidate a portion of your Bitcoin, or all of it, with a highly positive profit.

Love 'em or hate 'em, but they make us rich. Wink

error08

hero member

Activity: 1036

Merit: 514

Whatever they said about bitcoin, despite the fact that bitcoin could reach $100k, people are free to buy or sell bitcoin at their will with all the considerations, no one commands them to buy bitcoin at $34k or sell it at $40k, take it as an advice, as prediction, or get over it. The banksters have their plan as well, we can judge them to sell at a certain point but who knows the truth? Bitcoin will rise and fall in time, it's our role to observe when that might happen.

blockman

hero member

Activity: 3066

Merit: 629

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They've just predicted that bitcoin's next target price is $146k.
(https://www.bloomberg.com/news/articles/2021-01-05/jpmorgan-sees-146-000-plus-bitcoin-price-as-long-term-target)
JP Morgan is known to be accumulating after they've called bitcoin a fraud. They have the motive of taking a lot of it while they've made attention to make it look that they're not really interested oni t.

tinopener

member

Activity: 224

Merit: 36

I guess if they the institutions themselves haven't publically declared a position in Bitcoin, then yes, we have to question their motives.

yohananaomi

sr. member

Activity: 2422

Merit: 267

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Are you sure about the news !!! it seems that many have made predictions and talks who are always looking for opportunities when bitcoin goes up or down, they are like analysts who can determine so they need to be heard and known. I haven't until recently and tried not to hear about things like this.
It's only gimmick when there's something renewable.

tinopener

member

Activity: 224

Merit: 36

Quote

Big banks have been given huge fines before by regulators for manipulating markets, so it would't be the first time.

Yeah, but they make the fines so big so as not to be worth it. They essentially confiscate the profit.

I agree they are pumping it, but I doubt it is purely to dump it. They may take profit, but I believe they will hang on to most of it for portfolio diversification.

tinopener

member

Activity: 224

Merit: 36

I doubt it as they would be taken to task and the fines they would suffer would absorb any profit.

A62662

member

Activity: 318

Merit: 16

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