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Topic: [2014-01-24] JPMorgan Chase CEO denounces bitcoin as ‘terrible,’ predicts down (Read 3934 times)

legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
What the hell is talking? I agree that, Bitcoin might be good store of value  due to its high volatility. But, "can be replicated over and over" is something that doesn't make any sense to me. Am I under learned or is he ignorant about replication/creation of Bitcoin. He must travel to Indian and take a crash course on Bitcoin from Koieing Solution.
He's talking about altcoins. It's a stupid argument.

For me it seems that he does not understand it yet
hero member
Activity: 540
Merit: 500
COINDER
He belongs to the dinosaurs age..WE don't care what he thinks or says..time to move on..to generation 2.0.. (edit 0.8.6)
legendary
Activity: 1092
Merit: 1001
Touchdown
What the hell is talking? I agree that, Bitcoin might be good store of value  due to its high volatility. But, "can be replicated over and over" is something that doesn't make any sense to me. Am I under learned or is he ignorant about replication/creation of Bitcoin. He must travel to Indian and take a crash course on Bitcoin from Koieing Solution.
He's talking about altcoins. It's a stupid argument.
sr. member
Activity: 406
Merit: 252
'Here's wishing 1% of you a joyous holiday!'
 Cheesy
Now that's cheeky!
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
hero member
Activity: 686
Merit: 500
vini, vedi, no vici.

"He added that Bitcoin was “a terrible store of value” that “can be replicated over and over,” and that according to reports, “a lot of it is being used for illicit purposes”.

Further Read: http://www.ft.com/cms/s/0/a00df0fc-8496-11e3-b72e-00144feab7de.html#ixzz2rIG9HzC0

He added that Bitcoin was “a terrible store of value” that “can be replicated over and over,” and that according to reports, “a lot of it is being used for illicit purposes”.


What the hell is talking? I agree that, Bitcoin might be good store of value  due to its high volatility. But, "can be replicated over and over" is something that doesn't make any sense to me. Am I under learned or is he ignorant about replication/creation of Bitcoin. He must travel to Indian and take a crash course on Bitcoin from Koieing Solution.
legendary
Activity: 1162
Merit: 1007
I decided I wouldn't look at bitcoin at all today so that I could get some work done.  I sneaked a peak this evening to find the markets falling and Jamie Dimon and Jacob Lew smacking bitcoin!  Never a dull moment.  

After reading Jamie's quotes about "fighting crime," I decided that I really can't discern parody from truth anymore.   What would be the average American's response after seeing him on the side of angles fighting the evil bitcoin?  

This is Jamie Dimon.  JAMIE DIMON.  From the biggest US bank JP Morgan Chase.  Remember the cooked books, corruption, bailouts and obscene bonuses?  And wasn't Jamie the CEO who bought the $50,000 toilet for his office?  




EDIT: No, it was John Thain from Merrill Lynch and the toilet was only $35,000. Jamie Dimon took $25 billion in TARP money, ordered two Gulfstreams costing $120 million, and then spent $18 million to renovate a hangar at Westchester Airport near New York City (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aa_Te7wk9JrA)



member
Activity: 114
Merit: 10
You can't be Serious?!?
JP Morgan Chase CEO is... "Terribly f_cking retarded" and "Scared out of his eff'n mind..."  

Bitcoin 1.0 and Bitcoin 2.0 out to decimate Fraudsters, Banksters and cleptocrats  -  To quote Max Cheesy

TC
sr. member
Activity: 371
Merit: 250
If anyone lives near the Fed or JPM, please head over there and stick a "we accept Bitcoins" poster on the lobby wall. Photos would be cool! Smiley
legendary
Activity: 1190
Merit: 1001
I can't wait to see Max Keiser's response to this; his head might actually pop.

This was even before any bitcoin comments from Dimon: http://www.youtube.com/watch?v=kw2DskGbE6Q
http://www.youtube.com/watch?v=evf9oCwi0aE
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
These guys only ever talk their book ... i.e. he's looking to buy in lower  Grin

A quintessential Goldman Sachs "rip-the-faces-off-the-muppets" moment, cherish it.
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
Thanks for the free publicity! 1 satoshi tip to Jamie's BTC address.
member
Activity: 133
Merit: 10
J P Morgan =/= Morgan Stanely

You are right, Morgan Stanley belong to the JP's founder...
They are so differents that i can feel a strange smell right here...
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
J P Morgan =/= Morgan Stanely
member
Activity: 133
Merit: 10
Guys...could you help me with a little question?

WHAT-A-HELL-IS-GOING-ON-HERE?

Take a look at this FB profile: https://www.facebook.com/rodrigo.batista.965

He is the admin of the MercadoBitcoin.com.br, the biggest BTC exchanger in Brazil...
If you take a look at his occupation...he work at MORGAN STANLEY!

So...WHAT-A-HELL-IS-GOING-ON-HERE?
sr. member
Activity: 868
Merit: 250
What about his "bitcoin" patent?
legendary
Activity: 1078
Merit: 1003
He doesn't have to use it Grin
legendary
Activity: 980
Merit: 1000
CryptoTalk.Org - Get Paid for every Post!
cool if JP morgen dopes not like it its a good thing.
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