Bitcoin is a Fraud Says Jamie Dimon - JPMorgan CEO - WTF!?

MiBambino

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Quote from: fasdorcas on October 03, 2017, 07:04:42 AM

Quote from: MiBambino on September 30, 2017, 09:21:29 AM

Coming from the guy that tried to blackmail a woman for billions because she wanted to reveal the truth about the 2008 financial crash

That guy is totally fraud and the main reason behind his shitty statements are jealousy to the bitcoin progress all he wanted to do is to harm bitcoin and take it to zero but he is failing and bitcoin investors slaps on his face by investing more and more into this, and the time will come he will also invest into it by seeing its benefits.

It's like a postman calling email a scam. What do you think will happen to the banksters once people realise they're paying for all those nice bank buildings, CEO's multi million paychecks, etc when in fact they could be their own bank for a fraction of the cost?

fasdorcas

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Quote from: MiBambino on September 30, 2017, 09:21:29 AM

Coming from the guy that tried to blackmail a woman for billions because she wanted to reveal the truth about the 2008 financial crash

That guy is totally fraud and the main reason behind his shitty statements are jealousy to the bitcoin progress all he wanted to do is to harm bitcoin and take it to zero but he is failing and bitcoin investors slaps on his face by investing more and more into this, and the time will come he will also invest into it by seeing its benefits.

MiBambino

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Coming from the guy that tried to blackmail a woman for billions because she wanted to reveal the truth about the 2008 financial crash

Mobshady24

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maybe that move by Jamie Dimon telling the media that bitcoin is a fraud is just one of his antics, who knows by himself that he is quite famous and by saying that bitcoin is a fraud maybe he wants bitcoin to dip a little bit and then he will buy some since no one will know if you are actually purchasing a bitcoin. At this point in time those people who thinks bitcoin is just a scam do not know it actually and knowing jamie dimon he knows bitcoin very well most of us so i suggest do not always believe what is written on the news, there are some explanation behind it.

UsernameBitcoin

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This is a good thing that Jamie Dimon is calling Bitcoin fraud as it will only force more people to look into it after the price crashes a bit but then returns to normal and realize that he actually bought Bitcoin when it crashed.

dart vader

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J.P. Morgan's CEO Jamie Dimon called Bitcoin a fraud and recommended the people to stop investing in Bitcoin.This resulted in crashing of Bitcoin. Then he buyed large number of Bitcoins at very low price due to which J.P. Morgan became the biggest buyer of Bitcoin. lt was pure bussiness by J.P. Morgan's CEO Jamie Dimon. Actually i am not shocked by his statement.As he is the CEO of one of the world's largest banks,he clearly knows that rising price of Bitcoin is a threat to banks. His statement was just a way to drop the price of Bitcoin.

xCryptoManiaX

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Yeah, say its fraud and buy millions of it, great plan. At least we were able to get in as well Cheesy

Proton2233

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It seems to me that such people do order from the bankers. The rumors are primarily interested bankers. For the existing banking system bitcoin is a bigger threat. We all know about the conduct of Russia's hybrid war against their neighbors, Europe and America. This is the exact same example. Just war is waged by banks against bitcoin. It is strange why it is used for Idiots.

robotrobert

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Quote from: pushups44 on September 14, 2017, 11:51:11 AM

Let's not forget that JPMorgan Chase had its own banking bubble and needed to be bailed out along with other major banks in 2008. This is the pot calling the kettle black. In any case, Jamie Dimon's words should not be met with hostility, since he is potentially creating opportunities to buy for new investors to bitcoin and other cryptocurrencies.

Yes that person want to start a new business in digital currency so he spreads rumors like that bitcoin had made many investors rich if this was fraud no one will be so confident on investing in bitcoins. He want to get fame by declaring them as illegal .

so don’t listen to such kind of people they don’t just want to see the popularity of bitcoins and profit that is changing lives of many peoples

blockchainmarketus

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Cah He Answer The Challenge

McAfee, whose company MGT Capital Investments mines the cryptocurrency, said he respects Dimon and people in his position "are not idiots," but he challenged Dimon's criticism.

"You called bitcoin a fraud," McAfee told CNBC's "Fast Money" on Wednesday. "I'm a bitcoin miner. We create bitcoins. It costs over $1,000 per coin to create a bitcoin. What does it cost to create a U.S. dollar? Which one is the fraud? Because it costs whatever the paper costs, but it costs me and other miners over $1,000 per coin. It's called proof of work."

Miners invest "massive" amounts of supercomputing power and electricity in creating bitcoins, McAfee said. Surely then, there is value in creating a bitcoin, he added.

Bitcoin has faced scrutiny because it is highly volatile. The cryptocurrency was last trading Wednesday evening at more than $3,870.

"And the fact that bitcoin is consistently growing in its use and its value has to say something," McAfee said. "Sure it will rise and fall as all new technologies are. But at the same time, it is certainly not a fraud."

https://www.cnbc.com/2017/09/13/john-mcafee-challenges-jamie-dimon-bitcoin-skepticism.html

randomcash

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TIME TO BUY! No i'll wait a couple of days and buy at a lower price PERIOD!

I will have a blast i'm telling ya...

futile-resistance

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Quote from: shezu007 on September 13, 2017, 09:57:08 AM

Bitcoin is not fraud actually that person is fraud who are saying that bitcoin is fraud. Because that person not having knowledge about market and about bitcoin that's why he is saying like that.

Yes bitcoin is not fraud and the guy who is spreading rumor about bitcoins doesn’t want the progress of bitcoin and don’t want to see people enjoying their profit, so one should not listen to such kind of people, just believe in bitcoin and enjoy the profit and convince your friends also to join the marathon to profit .

MAbtc

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Quote from: BossBee on September 14, 2017, 06:30:31 PM

If you believe so highly in the tech and potential of crypto you should love opportunities that this kind of FUD brings. If your not prepared to capitalize from the banks trying to protect their regime your doing it wrong.

This can be true -- for long term investors, anything that can trigger a drop in price is a buying opportunity. However, it's possible that this price action has also set into motion a longer term bear market. Those who were around in 2013 will recall that the 2-year bear market that followed started very similarly.

I'm hoping that we'll V-bottom off the weekly middle Bollinger Band (~ $2900-3000 area), because if we don't, price will overlap into the previous consolidation. That indicates significant bearishness to me, and says that one should be selling the bounce that follows.... Undecided

BossBee

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If you believe so highly in the tech and potential of crypto you should love opportunities that this kind of FUD brings. If your not prepared to capitalize from the banks trying to protect their regime your doing it wrong.

soy

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Ahah let this jester take advantage of his notoriety to manipulate the courses ... It is just frustrated not to be mounted in the train and hopes to make enough back the btc to put full pockets ... View the results of JP Morgan !! A guy who does not even know how to run his own box, how would you like it to have a relevant opinion on cryptos with such a CV ??

GreatOrchid

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This may be one of the reasons why bitcoin dropped too, if not, i dont find any reasonable fact that made bitcoin drop that much, taking in consideration the mess with China government.
I dont get it, seriously, why people are still blaming and saying lies about bitcoin? what is the point with that? A lot of people is losing money when bitcoin drops, i dont find any reason for it.

cryptocamacho

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Quote from: bitcoindusts on September 14, 2017, 06:10:48 PM

Sad but true, in this world it is all about influence and contact.

...and exactly why Facebook and LinkedIn exist.

bitcoindusts

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Quote from: dex1 on September 14, 2017, 05:00:16 PM

" Dear Jamie Dimon: quick quiz: which words/phrases are associated with
you and your employer, J.P. Morgan? Looting, pillage, rapacious, exploitive,
only saved from collapse by massive intervention by the Federal Reserve, the
source of rising wealth inequality, crony capitalism, privatized profits-socialized
losses, low interest rates = gift from savers to banks, bloviating overpaid C.E.O.,
propaganda favoring the financial elite, tool of the top .01%, destroyer of
democracy, financial fraud goes unpunished, free money for financiers, debt-serfdom,
produces nothing of value to society or the bottom 99.5%.

Jamie, if you answered 'all of them', you're correct. The only reason you have
a soapbox from which you can bloviate is the central bank (Federal Reserve) saved
you and your neofeudal looting machine (bank) from well-deserved oblivion in 2008-09,
and the unprecedented, co-ordinated campaign by global central banks to buy trillions
of dollars of bonds and stocks. "

I couldn't have worded it better.

http://charleshughsmith.blogspot.co.uk/2017/09/dear-jamie-dimon-predict-crash-that.html

There is sure a lot of reputation in there to believe Dimon's statement but well in his industry since he is able to pushthrough after all the failures even with the help of the Federal Reserve, people in his industry still look at him as reputable and a known person. With his influence and contact, for sure people will value give weight on his statement. Sad but true, in this world it is all about influence and contact.

bettercrypto

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Oh well seems series of negative event and news is bombarding bitcoin, anyway, I won't trust the words coming from the person who had associated himself to several falls and unsuccessful ventures, to be save by the federal itself. It seems banksters are now aware that their position and domain is under threat by the ever growing Bitcoin and its decentralized blockchain technology. No wonder they almost had it in a series of event to pin down Bitcoin (ICO ban, Bitcoin is fraud, bitcoin being used by terrorist and in illegal trades, China local exchanges closing ) seems an organized attack to bring down Bitcoin or probably Bitcoin price so they can have a better position in entering the Bitcoin Market.

dex1

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" Dear Jamie Dimon: quick quiz: which words/phrases are associated with
you and your employer, J.P. Morgan? Looting, pillage, rapacious, exploitive,
only saved from collapse by massive intervention by the Federal Reserve, the
source of rising wealth inequality, crony capitalism, privatized profits-socialized
losses, low interest rates = gift from savers to banks, bloviating overpaid C.E.O.,
propaganda favoring the financial elite, tool of the top .01%, destroyer of
democracy, financial fraud goes unpunished, free money for financiers, debt-serfdom,
produces nothing of value to society or the bottom 99.5%.

Jamie, if you answered 'all of them', you're correct. The only reason you have
a soapbox from which you can bloviate is the central bank (Federal Reserve) saved
you and your neofeudal looting machine (bank) from well-deserved oblivion in 2008-09,
and the unprecedented, co-ordinated campaign by global central banks to buy trillions
of dollars of bonds and stocks. "

I couldn't have worded it better.

http://charleshughsmith.blogspot.co.uk/2017/09/dear-jamie-dimon-predict-crash-that.html

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