Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?
It's just a FUD news.
JP even bought the dip. He was just playing the unsuspecting market to make money.
Topic: Bitcoin (Read 991 times)
Bitcoin is not a fraud, it may be considered as a fraud by few people who did not understand the ideology behind it. Many from the beginning may also refer to it as being a ponzi scheme. The people who have made up their minds in such things that are cryto-currency, usually regards Bitcoin as a fraud,especially if the cost of the value drops, a lot of comments will be pronounce just to water down the interest of many about Bitcoin. When eventually there is a rises in the cost, only true investors of bitcoin actually appreciates their Investments.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies
The price going down is completely normal after all even other resources such as gold, oil and dollars doesn't doesn't always go up. Well you consider this an negative effect or well you treat this as a chance to buy more while its still in a dip. And who gives a damn about the CEO of the biggest US bank that says bitcoin is a fraud everyday, then buy the dips. Faster way to make money than his own banking system.
Jpmorgan ceo say itbwas a fraud because he see that many people are using bitcoin and see that bitcoin really hurt they business. He also track that many bank account transfer bitcoin to dollars in large amount. So he need to make a statement to lost some percentage of bitcoin user. But in really life cryptocurrency are base on supply and demand law... Like what US do in gold
Considering the fact that bitcoin and other crypto currencies have increased in price, recently there has been an increase in attacks on it by bank employees, civil servants and others indirectly related to them. Crypto currency in connection with its anonymity and uncontrollability really poses a certain threat to the established established by means of state coercion of public relations. The state can not control it, regulate the flow of money and levy taxes on its activities. That's the reason for these attacks.
If a thieving bank owner tells me not to Buy Bitcoin it's 100% bullish. That guy stands for everything Bitcoin wants to destroy. If Crypto becomes global one day guys like him will end up unemployed. These threats are his swan song.
When you read any news you need to filter it and decide what the real message is. Like when somebody tells you to sell Bitcoin because Bitcoin Cash is going to be bigger. Do you react to it and sell? If not then why would you react to a message of some CEO?
When you read any news you need to filter it and decide what the real message is. Like when somebody tells you to sell Bitcoin because Bitcoin Cash is going to be bigger. Do you react to it and sell? If not then why would you react to a message of some CEO?
Bitcoin is going to stay on this price for some days. It is possible that for a day or two it will depreciate its value towards 3000. But in the comming months the bitcoin value will appreciate tremendously. (Some say that the price will grow now to 7000, other people say that the price will stay around 4000-5000 for some good weeks.) What is certain is that the price will not go under 3000, and in the next two years it will appreciate.
Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?
I think we should see the reality with our eyes, what is real and what is fake or fraud. If we have no judgmental to realize about the things then it is our fault, not every thing is fraud. It is talk about only bitcoin, that's why i disagree with Jamie Dimon. A huge number of people are working with bitcoin and invest in bitcoin a big money then IS it fraud?
People are very much trust on bitcoin that’s why people take interest and invest in bitcoin without any contradiction to earn for their bright future.
bitcoin had fallen sharply but now it's getting up, I think this is just a drama from JP Morgan, let panic sell, and I always think good about bitcoin, because bitcoin already gives me more what I want about my finances, in need my daily life.
Predicting bitcoin price is dangerous, but I still see long-term trend as bullish. Bitcoin price went to $2900 in June, then dropped to $1900 in July. Then in August it started to rise again and was almost $5000. I see the present fall to $3800 as a correction, similar to that in July (and the price now is two times higher than just two months ago!). The current negative news may be (or may be not, we cannot know) just a deliberate attempt to manipulate the price to allow large players to buy low.
The crypto market is so abrupt that you cannot give any final words about the price of bitcoins. Nobody expected bitcoins to touch 5k dollars almost within a month but it happened and now no one can tell what will be the lowest value in this dump phase. However, we all know that in future, the price will definitely raise beyond 5k dollars. Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?
Jp Morgan WHO? I don't even remember this company saying anything when it was new, or when it was 2k and now just a minor blip and they come out of nowhere and say it's a fraud, they are dumb and dumber people look at their predictions, not saying for op but I don't buy Jp Morgan words and they know nothing about Bitcoins, op just be patiencet sooner or later the prices shall shoot up, once this China mess is behind us, few more days, Bitcoin will rise from this mess stronger then ever.
Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?
Jmie Dimon ? JP Morgan ? Are you killing me ?LOL.
Where is the fraud ? Who is the thief ? JPMorgan and Jamie Dimon are the thiefs !
Bitcoin is the customer liberty.
He's a USD maximalist. Think about this, how much resources it needed to create 1 bitcoin over 1 USD? there, you have your answer. He's either ignorant or onto something. Crazy enough, her daughter holds bitcoin.
Definately it is a bullish becuase JP MORGAN said Bitcoin is fraud.Don't panic this news.Everything will be alright after within few weeks.And when again start pumping btc i hope and believe from the heart.
Of course we can not have a definite prediction about bitcoin prices, but we expect something positive to happen in the bitcoin price movement so that it can experience an improved price increase. And I have positive trend confidence will happen before the end of this year
Predicting bitcoin price is dangerous, but I still see long-term trend as bullish. Bitcoin price went to $2900 in June, then dropped to $1900 in July. Then in August it started to rise again and was almost $5000. I see the present fall to $3800 as a correction, similar to that in July (and the price now is two times higher than just two months ago!). The current negative news may be (or may be not, we cannot know) just a deliberate attempt to manipulate the price to allow large players to buy low.
Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?
First of all it's kinda funny to see everybody answer to a FUD dropped by a newbie with 3 or 5 posts.
And about the question: I would say that banks are a fraud, since they give away for big bucks money they don't even have. See, I can have a rational argument. Why the banker thinks the Bitcoin is a fraud, because it's expensive, really? Now, I will also tell why this discussion should not take place: because of the conflict of interests. The banker tries to protect the banks' interest and I try to protect Bitcoin.
What side are you for? What you think?
When you think you are more powerful and clever than the average person on the street, arrogance gets the better of you. JP Morgan has a horrid track record of fraudulent activities and Jamie Dimon is still arrogant enough to call Bitcoin a "fraud".
The thing about these people is this : The higher they go, the harder they fall. The Ponzi King, Madoff also thought that he was the King of this world and the smartest kid on the block and look at him now. ^LoL^
Give them enough rope and they will hang themselves. ^smile^
The thing about these people is this : The higher they go, the harder they fall. The Ponzi King, Madoff also thought that he was the King of this world and the smartest kid on the block and look at him now. ^LoL^
Give them enough rope and they will hang themselves. ^smile^
The price of bitcoin is starting to get lower and lower and i believe that it is on the bearish mode and a lot of people are dumping their coins for a lower price and hoping to get out from the crashing market but they doesn't know that it is just a fud and after a few weeks or months we can see bitcoin going up again because of the people who took advantages to buy at the dips.
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