JPMorgan's Dimon says bitcoin 'is a fraud' triggering a selloff on all crypto's.
https://www.reuters.com/article/us-jpmorgan-bitcoin/jpmorgan-handles-bitcoin-related-trades-for-clients-despite-ceo-warning-idUSKCN1BT2E3US financial elite are getting worried with the huge rise of market cap of all cryptos, the top 5 highest market cap crytpo's reached a total high this month of 145.050.000.000,00 $. ~145b$
September high
1# Bitcoin 82.000.000.000,00
2# Ethereum 36.750.000.000,00
3# Bitcoin Cash 11.500.000.000,00
4# Ripple 10.000.000.000,00
5# Litecoin 4.800.000.000,00
The almighty dollar as a world global currency has his status at risk and this week we had some heavy comments from Jamie Dimon, CEO von JP Morgan. China also banned any ICO and still no clear answer if China will ban bitcoin payment platforms. Many argue that this has no way to be stopped, but if it starts hurting to much the big banks, they will plot something and manipulate us trough the media in a way that we will "want" this to be blocked. Hacks, terrorism funding, illegal activities, tax evasions, etc..they can be even more creative as long they have results. So far the market cap of these top 5 cryptos fell from ~145b$ (september high) to ~110b$ ( 13th September, time of writing), a 30 % drop.
Of course banks want control over all money and have people paying fees, you have to understand first of all that crypto's is a decentralized currency, it removes the power of central banks printing money, hiking rates, manipulating inflation, etc.. even gold and silver price is heavily manipulated with all the printed money out there, just research a bit. Crypto's are the banks worse enemy and they will try to fight it back as hard as they can if they see any real threat. Many countries, like China might block the use of bitcoin as a legal way of payment..what affects bitcoin, affects all currencies, Bitcoin is the father of all crypto's. Now open a bitcoin chart and look at it. All cryptos are highly volatile. 20-50% increases, decreases are common! You want a guarantee, buy a toaster. Xaurum is Xaurum and it has value in Gold, something that even a Gold ETF has NOT. it is just some digital number on your bank, if it defaults, there go your ETFs. MAKE YOUR OWN DUE DILIGENCE RESEARCH.
Until the sellers are selling taking profits, and longterm buyers cover all the supply, the price will not go up. Why does the price move, because it is humans and their emotions behind it driving the prices up and down. "Oh I made already 50% and I read bitcoin will crash, let me sell my XAURUMS", "Oh, I read something bad, one frustrated troll wrote about Xaurums and I am selling", Imagine what the troll is doing..he is buying at a much cheaper price. You have 2 options here: 1# keep adding XAURUMS, BUY & HOLD; 2# Just HOLD... bitcoin was launched in 2009 to reach where it is without any Real Gold to back it up. If the FED has the Gold It claims to have, and everyone could redeem its value in Gold, the Gold ounce would cost over 22.000$. I see Xaurum as a protection against the dollar collapse or any huge global financial meltdown. Any ETF, Gold you have in a broker or digital account from a broker,bank, etc..it can all disappear.
Here is the market caps and stats of all coins, research read, stop trolling and stop feeding the trolls
https://coinmarketcap.com/Bitcoin in November 2013 reached 1043$ and reached a low of 197$ in January 2015 , can you imagine a 81% loss?
https://www.dropbox.com/s/g6cf9a6gbmbdslv/Bitcoin.png?dl=0Only in February 2017 (3 years later!!!) it saw a new all time high. The house wife and soccer dads and moms started only now to hear the first time about Bitcoin and prices rallied up to 4.928$
Very few people of the 7billion that live in this world ever heard about XAURUM, damn...even about Bitcoin.
Xaurum will only be as good as the people buying it, understand it or move away from it.