Topic: Jamie Dimon: Bitcoin Is a 'Fraud' - page 3. (Read 1456 times)
I don't care about this guy he is an idiot who does not know anything about the blockchain technology, he will eat his words, why said it now, now that Bitcoin has become so popular, this idiot is paid by international bank to speak and create fuds in the crypto world.
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.
Bankers usually are rather smart people. They know very well what and when to say. So I believe JP steadily shifts/expands to btc markets and want to acquire at a lower price and get good profit when panic vanishes)))
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
The drop can be caused due to several factors, Jamie Dimon is one of them. Note that Charlie Lee has tweeted yesterday that China was going to ban Bitcoin exchanges and he heard it from a source he could trust. 
Lastly, maybe people are just cashing out to buy the new iPhone X. Hahah 
Lastly, maybe people are just cashing out to buy the new iPhone X. Hahah 
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!
What you guys feel about this movement?
Simply Jamie Dimon decided to buy some bitcoins, and to influence the price, decided to make this statement.
The price will go down to $ 3000, Jamie Dimon will give the team of traders buy bitcoin
This made panic between bitcoin investors and obviously this is making affect in the market.
Jamie Dimon is the CEO of JP Morgan Chase and him talking against bitcoin is very normal. Because bitcoin is a threat to his organization and he wants his business running. The motive is strong for him and I can't really blame him because he wants his business to survive. However, I am not understanding why people are panic selling their bitcoins just because a bank CEO criticized bitcoin?
People will have to be more responsible, I mean the bitcoin investors. We all have to be strong. Because organized forces will always try to discourage us. The money inflow in bitcoin currency over past few months have been impressive and hence we are under attack form the organized forces. Nothing else matters if we trust bitcoin!
People will have to be more responsible, I mean the bitcoin investors. We all have to be strong. Because organized forces will always try to discourage us. The money inflow in bitcoin currency over past few months have been impressive and hence we are under attack form the organized forces. Nothing else matters if we trust bitcoin!
it is normal that price have corrections. every plus in nature has a minus.
I think this is not too problematic for me, but the bitcoin can also give its own advantages for people who want to buy bitcoin to invest, and I think the future bitcoin increase will also happen, and I focus more with altcoin for trading. this is all a chance in narrow, so be patient with the current bitcoin price reduction.
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.
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?
Jump to: