Topic: [2017-10-07] Dimon Called Bitcoin a Fraud but JPMorgan Is Citing Prices (Read 2653 times)
October 09, 2017, 11:54:54 AM
It's nothing more than manipulation of an asset that severely lacks proper regulation. If at some point in the future this market this evolves further, and gets tightly regulated, this form of manipulation will no longer be possible without JPMorgan being punished for it. On the other hand, we shouldn't blame any entity for shaking up the market, because at the end of the day, it's the traders and investors that are selling this market down, and not JPMorgan itself -- people should just ignore it and stop feeding whales for once.
October 09, 2017, 11:17:55 AM
Well who looks like a fool now? Jamie Dimon is eating his words. He should be dismissed as CEO, the company and the clients are in the opposite side of the spectrum. Bitcoin cannot be stop and even Wall Street are noticing it. And there is another guy dismissing bitcoin, Jordan Belfort the so called Wall of Street, both of them have fraudulent past so it you are going to deduce what they have been saying all along, you have to be very skeptics and take everything with a grain of salt. Just a matter of time that those bankers and big traders will shift to bitcoin market because of the growing interest in it.
You seriously think that Jamie Dimon was fool?Those panic sellers were fool who took Jamie's speech seriously. He was rather smart enough to manipulate the market with a single speech and his company reaped the benefits. On the very next day of his calling Bitcoin a fraud, JPMorgan was the largest buyer of Bitcoin. These bankers are way too good at these things. Moreover, there is a collective interest of Wall Street bankers on Bitcoin be it Morgan Stanley or Goldman Sachs. They all want to enter the amateur market of cryptocurrencies and have a dominance in early stage.
That's right, whoever fallen into Dimon words were fooled, but he just got lucky due to his statement coincide with China banned news which spread widely and influence many users to sold bitcoin. Anything he said after bitcoin recover over $4000 mean nothing, people won't deceived twice.
It's funny as Dimon words contradict with his act, called bitcoin a fraud but JPMorgan is citing bitcoin prices right between wheat and treasuries.
Although JPMorgan and Goldman Sachs bankers could say anything to manipulate bitcoin price, but the most significant factor is; if Million of dollars from their pocket has been invested into bitcoin, just waiting for the right time to cash out, maybe when bitcoin hit $5000, then people will follow to sell-off, which cause bitcoin price corrected.
October 09, 2017, 10:55:49 AM
Well who looks like a fool now? Jamie Dimon is eating his words. He should be dismissed as CEO, the company and the clients are in the opposite side of the spectrum. Bitcoin cannot be stop and even Wall Street are noticing it. And there is another guy dismissing bitcoin, Jordan Belfort the so called Wall of Street, both of them have fraudulent past so it you are going to deduce what they have been saying all along, you have to be very skeptics and take everything with a grain of salt. Just a matter of time that those bankers and big traders will shift to bitcoin market because of the growing interest in it.
You seriously think that Jamie Dimon was fool?Those panic sellers were fool who took Jamie's speech seriously. He was rather smart enough to manipulate the market with a single speech and his company reaped the benefits. On the very next day of his calling Bitcoin a fraud, JPMorgan was the largest buyer of Bitcoin. These bankers are way too good at these things. Moreover, there is a collective interest of Wall Street bankers on Bitcoin be it Morgan Stanley or Goldman Sachs. They all want to enter the amateur market of cryptocurrencies and have a dominance in early stage.
October 09, 2017, 10:46:46 AM
J.P. Morgan has been called "America's most corrupt bank". They are constantly entangled in law suits for fraudulent activity and were one of the reasons for the 2008 global economic collapse. They can say what they want, but I'm done with the fuckery of banks. My money is bitcoin today and bitcoin tomorrow.
October 09, 2017, 10:38:07 AM
let them bitch and twitch in uncontrollable fits of anger seeing the decline of fiat currencies
as the grip of the Central banks and the likes of JPMorgan,GS,on the world's economy is loosening
more and more people see the bullshit behind their words about monetary policies,inflation,cryptocurrrencies etc.
Dimon looks like a fool indeed,as bitcoin is stronger than ever,having survived the chinese ICO and exchanges ban
as the grip of the Central banks and the likes of JPMorgan,GS,on the world's economy is loosening
more and more people see the bullshit behind their words about monetary policies,inflation,cryptocurrrencies etc.
Dimon looks like a fool indeed,as bitcoin is stronger than ever,having survived the chinese ICO and exchanges ban
October 07, 2017, 12:24:12 PM
Well who looks like a fool now? Jamie Dimon is eating his words. He should be dismissed as CEO, the company and the clients are in the opposite side of the spectrum. Bitcoin cannot be stop and even Wall Street are noticing it. And there is another guy dismissing bitcoin, Jordan Belfort the so called Wall of Street, both of them have fraudulent past so it you are going to deduce what they have been saying all along, you have to be very skeptics and take everything with a grain of salt. Just a matter of time that those bankers and big traders will shift to bitcoin market because of the growing interest in it.
October 07, 2017, 09:31:22 AM
JPMorgan Chase & Co.’s chief executive famously panned bitcoin. His bank’s clients apparently aren’t ready to dismiss it as a “fraud.”
The Wall Street firm’s widely followed morning markets note highlights the spot price for the cryptocurrency. There it sits, right below a rundown of commodities and above the 10-year Treasury yield -- hardly fringe assets.
https://twitter.com/Hugh_Son/status/916303334683938816/photo/1?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2017-10-06%2Fdimon-called-bitcoin-a-fraud-but-jpmorgan-is-quoting-prices
It’s the latest sign that Wall Street is embracing the likes of bitcoin. While most financial firms have been exploring ways to leverage the blockchain technology underpinning cryptocurrencies, they’re now increasingly responding to growing interest from clients to track and even trade the digital coins.
https://www.bloomberg.com/news/articles/2017-10-06/dimon-called-bitcoin-a-fraud-but-jpmorgan-is-quoting-prices?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
The Wall Street firm’s widely followed morning markets note highlights the spot price for the cryptocurrency. There it sits, right below a rundown of commodities and above the 10-year Treasury yield -- hardly fringe assets.
https://twitter.com/Hugh_Son/status/916303334683938816/photo/1?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2017-10-06%2Fdimon-called-bitcoin-a-fraud-but-jpmorgan-is-quoting-prices
It’s the latest sign that Wall Street is embracing the likes of bitcoin. While most financial firms have been exploring ways to leverage the blockchain technology underpinning cryptocurrencies, they’re now increasingly responding to growing interest from clients to track and even trade the digital coins.
https://www.bloomberg.com/news/articles/2017-10-06/dimon-called-bitcoin-a-fraud-but-jpmorgan-is-quoting-prices?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
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