Topic: Jamie Dimon: Bitcoin Is a 'Fraud' (Read 1456 times)
What do you expect, he is a banker. He shit his pants every time there are news on Bitcoin or mass adoption. I expect more bankers to join him and try to discredit Bitcoin
JP Morgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency.
And Recently bitcoin price started dropping very quick and its like $1 dollars in a minute and within few hours today its now in $3923!!
China keeps the market stable but when "Jamie Dimon" speaks about this market started falling huge!
Check this attached photo:
What you guys feel about this movement?
JP Morgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency.
And Recently bitcoin price started dropping very quick and its like $1 dollars in a minute and within few hours today its now in $3923!!
China keeps the market stable but when "Jamie Dimon" speaks about this market started falling huge!
Check this attached photo:
What you guys feel about this movement?
Traders: If it breaks 3970 start buying bitcoins. 
Lets make money.
Bitcoins value will continue to decrease for next 12 hours at least. The last time when I checked the value, it was somewhere around 355x dollars and that was the time to buy more coins. Still, it is the dip phase so it is the right time for not only traders but newbies also to invest in bitcoins. Lets make money. 
I am pretty new person here, but I already noticed that this Dimon is a good speculator. He knows that he is a big figure in bitcoins world and economic's world generally, and he knows that people listen him cause of that. So after his "fraud" bitcoin fell even deeper and on the price's minimum JP Morgan appeared as the biggest bitcoin investor. Nice game Dimon! My applause!
What fraud?? lol 
, how bitcoin become fraud, if he said bitcoin is fraud so also said gold is fraud and stock exchange is fraud too. because they all same
, how bitcoin become fraud, if he said bitcoin is fraud so also said gold is fraud and stock exchange is fraud too. because they all same
Why are people surprised about what he said? of course he's going to say something like that.
Wouldn't you say the same thing if a better product was launched that would effect your own business.
Wouldn't you say the same thing if a better product was launched that would effect your own business.
Jamie Dimon represents his major investors and the country he lives in (USA), which, just like People's Republic of China, Russian Federation and many others is very much into banning whatever they fail to put under control. At this point Jamie Dimon and his peers from all over the world turn up and start influencing the exchange rate of BTC to make some money for their investors and to assure everyone that either BTC shall be regulated by Federal Reserve System a/o Central Banks or Band as a "Fraud and Scam" due to being unreliable and dangerous for "real" assets. So the whole of cryptosociety should stay strong and act united to protect value of BTC...
JP Morgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency.
And Recently bitcoin price started dropping very quick and its like $1 dollars in a minute and within few hours today its now in $3923!!
China keeps the market stable but when "Jamie Dimon" speaks about this market started falling huge!
Check this attached photo:
What you guys feel about this movement?
They say is a fraud because bitcoin + lightning network would render banks useless, and these guys live awesome rich elite lifes thanks to their banking system scam that allows them to collect money for life while doing absolutely nothing. They hate that common people are getting rich by buying and holding an asset that doesn't depreciate overtime unlike their fiat scam.
Let them crash market as many times as they want, bitcoin will always recover, there's always bull pressure and new floors will be found. Don't forget we were at $800 just a year ago.
I agree. They are now feeling threaten by bitcoin/blockchain technology that they feel they need to do something about it and the best way is to create panic amongst investor as we all know that he is very influential as head of JP Morgan. But just like you said, we always recover from all the issues being thrown our way.
The only thing I notice is the timing though, I'm pretty sure he knows about the current situation of the market and he's statement really put everyone nervous that's why the sudden dump and the price is nose diving as we speak.
Jamie Dimon played his card very well in this chaos that we have seen lately. Why? Because it was later found out that JPMorgan has bought a lot of bitcoin when the price goes to $2800-$2900. So he manipulated everyone and saying a lot of negative things about bitcoin that cause the price to go down and it the price floor to $2800-$2900, the buying started that's why we have seen bitcoin has already recovered. So now we know that truth on why is he saying awful things about bitcoin. They are all greedy and took the situation to their advantage to profit millions of dollars.
He is not only a Banker, but also a businessman, so he knows what to say in order his bank takes profit
I think JP has also bought cheap BTC
I think JP has also bought cheap BTC
This topic has been already created by someone and i had answered them. I'd like to add more about this guy.As we all know He is a banker and most of banker don't want to accept bitcoins.Maybe he is the one of those bankers who really don't care about bitcoins and want this trend to down.You don't need to worry about this banker.Because his words can't change the world and trend of bitcoins.
JP Morgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" and saying he would fire any trader known to be trading the cryptocurrency.
[siz e=15pt]And Recently bitcoin price started dropping very quick and its like $1 dollars in a minute and within few hours today its now in $3923!!
China keeps the market stable but when "Jamie Dimon" speaks about this market started falling huge![/size]
Check this attached photo:
[im g]https://s26.postimg.org/u3uhz9wzt/support.png[/img]
What you guys feel about this movement?
Traders: If it breaks 3970 start buying bitcoins. Lets make money.
Lets make money. 
the more you are famous the more banya also trying to bring down, like china that has been illegal Bitcoin, but I still think, even though the price of falling bitcoin still have the price and can still be sold 
This is just a fud and we can see that there are still people who have some weak hands and already sold their bitcoin because they believe that the price of bitcoin will continue to dump but they can't see that this is just a strategy for the people that got a lot of money to buy at a lower price and they are just doing this price manipulation for them to get some cheap bitcoins.
BTC vs USD ... 3731.xx holding major support and tested twice and couldn't break. I think this is a price correction not a crush and will be recovered soon.
Fraud is such a heavy word and it is not fair to state that bitcoin is fraud. I mean this seems like another propaganda, whales creating a feud so the small holders would panicked and sell their holdings. Fear of uncertainty and Doubt. They know the potential of this industry and as time goes by more and more people are leaning and being interested in the said business. This is just a strategy to rattle the people.
Jamie Dimon’s opinion of Bitcoin is tainted by his knowledge that it could one day put him out of work. Bitcoin and other digital currencies have many fascinating and complex features, they are basically a way of transferring money directly from one individual to another, or from customer to merchant.
I watched this video, and to be honest I can not agree with him.
He says that when bitcoin becomes big enough and someone gets hurt, government will close down the exchange. But you can not stop peer to peer exchange, if enough people believe there is a value in BTC, then there is. You don't need law or an army to protect it, as long as people believe in it.
He says that when bitcoin becomes big enough and someone gets hurt, government will close down the exchange. But you can not stop peer to peer exchange, if enough people believe there is a value in BTC, then there is. You don't need law or an army to protect it, as long as people believe in it.
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