Topic: Jamie Dimon: Bitcoin Is a 'Fraud' - page 2. (Read 1456 times)
Technology is to be loved not feared only those worried of change and loosing control are threatened. The so-called person that made the statement was either trying to save his grasp on control or trying to buy bitcoin for cheap. Never heard of him so im sure hes not in a position of such control. So the verdict he just trying to get the price down. I might make an announcement tomorrow
This looks like a strategy of people who wants take advantage of a great invrestment, they started to speak whenever they feel the need to invest. I think they are copying the strategy of guys from the wall street, first they hype about a specific investment, after gaining capital gains, they do profit gainig, then bad mouth it again, since they want everyone who have weak hands to sell their shares to them cheap, i see this what is happening now, but they do not have control over bitcoin, so they say something about it, when times like this happens, well as far as history goes, it always repeats itself, it is always this time of the year that bitcoin drops, gradually but not all the way down to its support, those who are buying for sure will win at the end of the year by the middle of the year next year. Saying bitcoin is a fraud is like saying that fiat is also a fraud, we should also take a look at it whenever there is a depression, you might as well say that fiat is considered fraud.
You sounded like a retard gringo. Can you rephrase all you have said above? What the hell are you talking about the wall street? What strategy were you referring to? and what the hell is " it is always this time of the year that bitcoin drops," that you were talking about? Wasn't it supposed to be the other way around? I'll be waiting for your response, retarded gringo!
Hopefully he isnt stupid enough to buy the BTC himself as he said he would fire anyone who was caught trading BTC. I would love it if someone could find communication to him or from him regarding the sale of BTC and get that leaked showing his true intention. Would be a great news story.
In my opinion JP Morgan chief Jamie Dimon comment is frivolous, he just want to shake the Btc market. He is the only person who speaks negative about Btc on the other side millions of investors supporting Btc. He alone can not do any harm to Btc, very soon Btc will touch $5000 mark by the end of this month and Btc is not a fraud crypto currency. It is used by people's since 2009.
Major Support now 3726.xx and if the price can't brake it then we can see upward movements or if breaks down move. Very critical condition for Bitcoin VS USD.
Price is now near $3825 and testing another major support level. Bitcoin is all about china and Jamie Dimon made another panic to make the bad effect bigger. Let see what happens in next.
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.
We're bitcoin lovers 
and lets see what happens. Currently holding 2.0 Bitcoins in Blockchain and the fall may give me heart-attack 
and lets see what happens. Currently holding 2.0 Bitcoins in Blockchain and the fall may give me heart-attack 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.
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?
I think maybe he's just the bank owner who wants to drop Bitcoin, so do not worry too much about what he said for Bitcoin, because he does not want to have a rival like Bitcoin, who is more interested in society than the Bank, so He's spreading such cheap gossip for against Bitcoin.
Very true mate. People like these spread rumors for their benefit. He would have wanted to decrease the price of Bitcoin and that's why he would have made that statement. Whales are ready to make huge profits from situations like these but its upto us whether we panic and sell off our coins or be brave and hold our coins. The Bitcoin history shows us that Bitcoin has suffered huge waves like these and recovered all of the price drops then why do people panic and sell off all their coins. I also think that banks want to spread rumors against bitcoin simply because its already gaining a lot of support from the masses and they think bitcoin is a competition that can possibly make banks obsolete in the future. That's why he fired his first bullet against bitcoin. But again, if you panic you are the looser here. So to everyone, bitcoin have showed us that it can recovered by any damaged and it will rebound once again and even go higher as the previous price. So its better not to panic but instead hodl on this kind of situation.
I think maybe he's just the bank owner who wants to drop Bitcoin, so do not worry too much about what he said for Bitcoin, because he does not want to have a rival like Bitcoin, who is more interested in society than the Bank, so He's spreading such cheap gossip for against Bitcoin.
Very true mate. People like these spread rumors for their benefit. He would have wanted to decrease the price of Bitcoin and that's why he would have made that statement. Whales are ready to make huge profits from situations like these but its upto us whether we panic and sell off our coins or be brave and hold our coins. The Bitcoin history shows us that Bitcoin has suffered huge waves like these and recovered all of the price drops then why do people panic and sell off all their coins. 
We have a lot of speculation news at the moment and they have some affect on a price, still as previously was said there is nothing to worry about, because price of bitcoin was growing to fast and it is just a time for a smal price correction.
It absolutely makes sense that a big bank owner said that BTC is a fraud, since he doesn't want BTC to become a big competitor for fiat currencies.
The effect of the news is only last for a while, then it will be forgotten very soon
The effect of the news is only last for a while, then it will be forgotten very soon
I don't think price is falling because of Jamie Dimon. China's ICO ban and now speculations of exchange ban is something which is negatively affecting the price. Also, Bitcoin price was increasing insanely in August and reached $5k in no time from $2800. This all shown a sign of coming crash and now so is happening. Bitcoin will eventually recover this month.
Lots of these people that are haters of bitcoin, saw that the price has really decreased, and start commenting as how it is a fraud and all. They are people that just come when bitcoin is in a bad phase and will disappear once bitcoin price starts increasing. I don't doubt these guys having some bitcoin with them also.
hahaha
he could not deny the market of those illegal activities
he could not see the future of irregulatary
he could not deny the market of those illegal activities
he could not see the future of irregulatary
Bitcoin is way to powerful to stop. We are just in the middle of a market correction. The banks are scared crypto will devalue the $1. So they are going to say what they can to stop it. You can't stop it. How much crime is committed around the world everyday over fiat currency? Way more then bitcoin. Crime is going to happen weather fiat or crypto. The banks and government are the most corrupt entity's in the world. They will remain corrupt fiat or crypto. Seems white color crime is ok though. People are tired of being taken advantage off by their government and the banks. Crypto gives the little man a chance.
What can we expect for a guy who look for his bank interest first and making accusations in behalf of his greedy officials and government puppets. They were threatened and especially hated bitcoin a lot for they were not being part of what we called "golden age of bitcoin" and much profitable than any investment other than this. Let him be jealous about bitcoin and let it be his nightmare whole night long.
I'm not shocked with this news. This is what all bankers will do to protect their business. they consider bitcoin as a competitor. Expect more news like this when bitcoin recovers
even that is give big effect to price now, only need time bitcoin price will rise again because the community is stronger than only 1 person who hate bitcoin like himJump to: