China, JP Morgan, etc. classic strategy on bitcoin

Sled

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Bitcoin- in bullish time

Quote from: rjbtc2017 on September 18, 2017, 12:47:10 AM

Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

He is a total jerk. He created a massive fear and doubt to weak investors and weak holders of bitcoin. He even threatened his employees. What a total smart jerk. With this situation we can conclude that Big institutions and Big Organizations also with the mainstream media it can manipulate People to sell their bitcoins, resulting to a fall or decrease on Bitcoin's price.

He did that because he want to make bitcoin dump and he want a cheaper price rate of bitcoin so he can buy a lot of it and prepare for the future investment with his bitcoin and that is what happened when the price of bitcoin goes down. He bought a lot of bitcoins and he probably gonna keep it for long term and profit reasons.

boyptc

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Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

I'm thinking it's just a coincidence and only happened because of China's hard appreciation about crypto currency they are playing around. The government of China is hard to predict, for sure they know that crypto currency is profitable for their people and for their country. And there is another one post from the viabtc CEO about mining, try to check out his twitter account.

rjbtc2017

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Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

He is a total jerk. He created a massive fear and doubt to weak investors and weak holders of bitcoin. He even threatened his employees. What a total smart jerk. With this situation we can conclude that Big institutions and Big Organizations also with the mainstream media it can manipulate People to sell their bitcoins, resulting to a fall or decrease on Bitcoin's price.

VenessaShillerqzx

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Quote from: glowing10 on September 18, 2017, 12:26:39 AM

Quote from: Beerwizzard on September 18, 2017, 12:18:28 AM

Since the first days of bitcoin it was attacked (sometimes even by very reputable and smart people) and called a fake currency but we all see that it is pretty resilent to those things. So what is the difference of JP Morgan's news from the previous ones?

I was reading an article where the CEO of JPM has warned their employees too that any one found trading in bitcoin will get removed form the organization. Now how come CEO decides that what in their personal life they trade or do not trade. Generally it happens when you the organization itself holds the same share so you ban those things and want to check if they do not have inside information in such case does it means even JPM also holds bitcoin?

Ha ha. Nice conspiracy theory. May be the JP Morgan CeO looks at each satoshis as his daughter's boyfriend. And his daughter has many bitcoin. lol

glowing10

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Quote from: Beerwizzard on September 18, 2017, 12:18:28 AM

Since the first days of bitcoin it was attacked (sometimes even by very reputable and smart people) and called a fake currency but we all see that it is pretty resilent to those things. So what is the difference of JP Morgan's news from the previous ones?

I was reading an article where the CEO of JPM has warned their employees too that any one found trading in bitcoin will get removed form the organization. Now how come CEO decides that what in their personal life they trade or do not trade. Generally it happens when you the organization itself holds the same share so you ban those things and want to check if they do not have inside information in such case does it means even JPM also holds bitcoin?

Beerwizzard

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Since the first days of bitcoin it was attacked (sometimes even by very reputable and smart people) and called a fake currency but we all see that it is pretty resilent to those things. So what is the difference of JP Morgan's news from the previous ones?

CoinsCoinsEverywhere

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Quote from: randythered on September 16, 2017, 07:31:18 PM

Quote from: nicster551 on September 16, 2017, 07:04:07 PM

Quote from: Sled on September 16, 2017, 05:56:30 PM

We need to get used to this kind of strategy. It is so easy to do that strategy to make a false alarm on bitcoin because they got the power and they can influence people or the bitcoin user easily because bitcoin is so vulnerable into the effect of the news so if something says bad thoughts in bitcoin then it is automatically will make bitcoin dump but we can take advantage of that by buying the dumps and selling when the price goes up again.

Yes I agree with you that it is easy to trigger the price of bitcoin if there is a news that pointed bitcoin and also they have a big influence at the market. Most of the news have an effect in bitcoin price that can cause panic to some people and advantage to those creators of news because they can easily buy at the dip price.

For now this is true, but I believe it will become less and less of a trend as time passes. If bitcoin is to persist into the future then this will happen time and time again and soon people will start to wise up to it and it won't be such an effective strategy. If bitcoin lasts the test of time then it is inevitable that the price will begin to stabilise.

I wouldn't bet on that. Bitcoin is several years old now, and important news, whether it's been true or not, has always caused major price swings. I don't see that trend changing anytime soon, if ever. If you look at the global financial markets (stocks, bonds, commodities, etc.), they are sometimes affected the same way be important news. The markets are of course larger and more mature, so the swings aren't as large in percentage terms. But sometimes you see things like oil swing 3-5% in a single day. Considering how big the oil market is, that's huge.

jekjekman

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Quote from: maku on September 17, 2017, 09:33:18 PM

Quote from: jekjekman on September 17, 2017, 08:44:26 PM

Who said Bitcoin is illegal? I think Jamie Dimon said 'Bitcoin is a fraud' and China was said they will be banning ICO's and Bitcoin Exchanges in their country. No one said Bitcoin is illegal.

I am agreeing with you when it comes to a business strategy though as this Jamie Dimon guy is really a stupid one as he only says what he wants to say about bitcoin because he have a hidden plan that will benefited his own company, he just go with the flow with these China's issue regarding ICO's and he said this bad words about Bitcoin to impacts its price.

Then why they are banning bitcoin trading? It is like indirectly saying that bitcoin is not something 100% legit.
If it was fine then banning anything surrounding Bitcoin (ICOs, exchanges) wouldn't be needed.
The trading ban will make the situation of miners/traders/normal users much harder in China all because the Chinese government is afraid of the crypto revolution.

For me they are banning bitcoin ICO's, exchanges and other form of it because there are huge amount of yuan money is circulating all around their country because of this cryptocurrencies and the government of China is making a move to go in also, who knows what is the government's intentions but what I feel is they want to put a tax on it.

You know and I know that people of China who uses Bitcoin and other cryptocurrencies can still uses it even after the total ban, there is always a way. All government for me is a true regulators and if they don't want something they will make a way to fight it until they'll kill it.

orions.belt19

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Quote from: hatshepsut93 on September 17, 2017, 03:08:14 PM

Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

This sounds quite like some conspiracy theory and in real life it's a bit more complicated than that. For example, governments like China and Banks like JP Morgan operate with billions of dollars, so it doesn't make much sense for them to manipulate smaller market, since it's not that much profitable. Also, if someone will find out they are involved in Bitcoin directly, it may hurt their business/economy, since many people think about Bitcoin as a hedge against fiat. But it's certain that information about exchange closure has leaked to some traders before it was announced publicly, so some traders where able to profit from shorting Bitcoin. But with Bitcoin anything is possible, may governments and banks already own some significant sums just to be ready in case it will become global currency.

I think so too because I big companies such as JP Morgan are far from doing such things just to manipulate the market and creating such as statement would reflect their view on crypto and Bitcoin as a company. Creating such a statement would affect their investors and I don't think making such a bold move was just so that the bitcoin price would go down, and the same goes with the China government.

However, the creation of conspiracy theories such as this are not far from true. The various false news that were spreading back then had created fear and made the others sell their coins. We shouldn't be butt hurt whenever bad news such as these continue to pop up because others will continue to say bad things about Bitcoin, whether they want to control the market or not. We just have to continue to become faithful and resilient as bitcoin users.

Nameless27

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I even forget about my mother's name for i have heard JP Morgan and China thread again and again. But I have to admit, I like reading it especially about the strong words being posted by our fellow bitcoin users and forum members about those two. It is full of hatred and sarcasm. J.P. Morgan and china let's put them on graveyard as we are now recovering from an overrated declaration of two unworthy of attention.

maku

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Quote from: jekjekman on September 17, 2017, 08:44:26 PM

Who said Bitcoin is illegal? I think Jamie Dimon said 'Bitcoin is a fraud' and China was said they will be banning ICO's and Bitcoin Exchanges in their country. No one said Bitcoin is illegal.

I am agreeing with you when it comes to a business strategy though as this Jamie Dimon guy is really a stupid one as he only says what he wants to say about bitcoin because he have a hidden plan that will benefited his own company, he just go with the flow with these China's issue regarding ICO's and he said this bad words about Bitcoin to impacts its price.

Then why they are banning bitcoin trading? It is like indirectly saying that bitcoin is not something 100% legit.
If it was fine then banning anything surrounding Bitcoin (ICOs, exchanges) wouldn't be needed.
The trading ban will make the situation of miners/traders/normal users much harder in China all because the Chinese government is afraid of the crypto revolution.

Golftech

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Its like playing boxing while your hands was fully tied, this strategy coming from big whales really works well they buy the news start crashing the market and let the panic holders to feel uncomfortable and sell their holdings while those whales who had this coins from the very beginning will just dumped and pumped to earned much more, we need now to be more observers.

jekjekman

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Activity: 378

Merit: 250

Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

Who said Bitcoin is illegal? I think Jamie Dimon said 'Bitcoin is a fraud' and China was said they will be banning ICO's and Bitcoin Exchanges in their country. No one said Bitcoin is illegal.

I am agreeing with you when it comes to a business strategy though as this Jamie Dimon guy is really a stupid one as he only says what he wants to say about bitcoin because he have a hidden plan that will benefited his own company, he just go with the flow with these China's issue regarding ICO's and he said this bad words about Bitcoin to impacts its price.

Granxis

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I do not look at conspiracy theories warmly, because conspiracy theories always need to be skeptical, and I think that such negative events are normal, some negative events are necessary.

hatshepsut93

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Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

This sounds quite like some conspiracy theory and in real life it's a bit more complicated than that. For example, governments like China and Banks like JP Morgan operate with billions of dollars, so it doesn't make much sense for them to manipulate smaller market, since it's not that much profitable. Also, if someone will find out they are involved in Bitcoin directly, it may hurt their business/economy, since many people think about Bitcoin as a hedge against fiat. But it's certain that information about exchange closure has leaked to some traders before it was announced publicly, so some traders where able to profit from shorting Bitcoin. But with Bitcoin anything is possible, may governments and banks already own some significant sums just to be ready in case it will become global currency.

Simple_Man

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Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

Yes, the same though came in my mind as well. Not sure about China but JPM can surely do it. Initially the CEO Jamie declares that bitcoin is a fraud and they bought bitcoin at a very lower price to make instant profits. This is very much possible.

However, did China make any announcement about legalizing bitcoin yet? I don't think so, but Japan has made a remarkable progress by providing a license to CoinCheck exchange. That's a good new for bitcoin for sure.

omonuyak

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That is The reason new traders should learn how bitcoin trading work before risk their hard earnings capital. Chinese governments have been using this to control bitcoin pricing in other not to push they financial system into inflation. Jp Morgan are into business and the only way they makes money is through financial system secret that they have been using again people and investment and saving institutions. Price manipulations will continue and we would be wise by knowing they secret of how they used medias to create both panic and confident on bitcoin.

kimochidesh

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Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

In past also, Big financial concerns always tried to manipulate the economy for their own benefits. Yesterday, JP Morgan seems to be the biggest buyer of Bitcoin after its crash. New Investors who do not understand Crypto-market got panic and start selling vigorously. I think this incident will definitely strengthen the Bitcoin in the long run as investors also understand that such news can only affect Crypto-market for only a few days.

alani123

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Quote from: endaiin on September 16, 2017, 04:53:16 PM

China and JP Morgan just playing classic strategy on bitcoin.
Now they announcement bitcoin illegal, when price down because panic attack they buy bitcoin, and then they will create new announcement that bitcoin is legal... and kind of that. so bitcoin price up again, and they wealth is higher more than before.

lol... Classic business strategy. Shocked

I don't think that JP Morgan has much to gain from such activities. Crypto markets are unprotected from manipulation but JP has a lot more to lose from even attempting to manipulate such an esoteric market as bitcoin in my opinion.

randythered

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Quote from: nicster551 on September 16, 2017, 07:04:07 PM

Quote from: Sled on September 16, 2017, 05:56:30 PM

We need to get used to this kind of strategy. It is so easy to do that strategy to make a false alarm on bitcoin because they got the power and they can influence people or the bitcoin user easily because bitcoin is so vulnerable into the effect of the news so if something says bad thoughts in bitcoin then it is automatically will make bitcoin dump but we can take advantage of that by buying the dumps and selling when the price goes up again.

Yes I agree with you that it is easy to trigger the price of bitcoin if there is a news that pointed bitcoin and also they have a big influence at the market. Most of the news have an effect in bitcoin price that can cause panic to some people and advantage to those creators of news because they can easily buy at the dip price.

For now this is true, but I believe it will become less and less of a trend as time passes. If bitcoin is to persist into the future then this will happen time and time again and soon people will start to wise up to it and it won't be such an effective strategy. If bitcoin lasts the test of time then it is inevitable that the price will begin to stabilise.

Topic: China, JP Morgan, etc. classic strategy on bitcoin (Read 697 times)