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Topic: Jamie Dimon's ( "Bitcoin is a scam") Bank -JP Morgan Chase- Fined 1 Billion - page 2. (Read 386 times)

copper member
Activity: 280
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Accurate. The media's create some salty headlines and articles whenever they had a scope of a transaction like that in bitcoin.
well, that is what they are being paid for. to create a bad image to those who they don't like.
Who could be paying them voluntarily for doing that? banks? I don't think that any establishment would do that anymore for an enemy or competitor that's no one is controlling and is automatically rolling through its community. I could understand if it's just another crypto exchange paying for bad publicity of another competitor exchange. But who knows if there really are establishments who are still doing this, knowing that they can't beat bitcoin.
Banks around the world are heavily involved in scandals and under mandatory investigation, with the form of money laundering or market manipulation so anything is possible.and bitcoin is not so because it cannot be controlled and its development seems to be ceaseless.
hero member
Activity: 3066
Merit: 629
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Accurate. The media's create some salty headlines and articles whenever they had a scope of a transaction like that in bitcoin.
well, that is what they are being paid for. to create a bad image to those who they don't like.
Who could be paying them voluntarily for doing that? banks? I don't think that any establishment would do that anymore for an enemy or competitor that's no one is controlling and is automatically rolling through its community. I could understand if it's just another crypto exchange paying for bad publicity of another competitor exchange. But who knows if there really are establishments who are still doing this, knowing that they can't beat bitcoin.
legendary
Activity: 2562
Merit: 1119
damn, the Irony. I wonder how stupid he feels every time someone mentions that he called bitcoin is a scam then turning out that he was a scammer himself.

Accurate. The media's create some salty headlines and articles whenever they had a scope of a transaction like that in bitcoin.
well, that is what they are being paid for. to create a bad image to those who they don't like.
sr. member
Activity: 1498
Merit: 374
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Well what do you know, more scams from one of the worlds most corrupt and immoral banks and their CEO Jamie Dimon.  Many of you of course remember how Jamie Dimon came out and called Bitcoin a scam. The funny thing is the day he came out and said this Chase Bank trader made moves to take advantage of the price drop.

Once again his bank gets caught for fraudulent trading activities. So I ask, what's really the scam..bitcoin or traditional banks such as JP Morgan Chase

https://www.cnbc.com/2020/09/23/jpmorgan-to-pay-almost-1-billion-fine-to-resolve-us-investigation-into-trading-practices.html
This has been long going on, probably why bitcoin was made in the first place. To combat these banking institutions that are stealing money away from their customers and once and for all put the power back to where it matters most. What's sad is the fact that the fines were never gonna be put to the victimized customers again and would instead be transferred to the pockets of the yet another corrupt institution.
legendary
Activity: 3542
Merit: 1352
Not surprised that they find themselves in lukewarm (not hot) water again. This is just another mild slap on the wrist of these giant bankers and they will just repeat the cycle all over again unless none of them are charged with sentence and are put behind bars. Also, Jamie Dimon has always been that harsh against bitcoin, though at some point he had become considerate of what bitcoin offers. I will not be surprised if he continues his badmouthing BS with bitcoin because he gets the attention he wanted from it.

One of the reasons for this could be that people are less sensitive to scams related to banks as the whole system is built on it, so such news does not get much traffic when reported or is not reported broadly so as not to create panic. But when scams is related to Bitcoin, no matter how loose the connection is, it usually gathers lots of attention; The massive printing of money was reported by lots of media houses but was not debated heavily on general forums, such a supply hike in a currency like bitcoin would surely get much more interest.

There's also the case of government pushing the narrative that Bitcoin facilitates scams through media houses.

Because banks are the media and government's friends. Without these institutions providing financial support, they would be going under in no time considering that there's not a lot of money to gain solely on news reporting and by being good public officials.
hero member
Activity: 3066
Merit: 629
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I still remember what he did before. And that opened my mind about what these big names from the financial industry that whatever they say, the people listens.

the funny thing is that when one dude does something illegal with bitcoin worth 10 bucks the media renders us deaf with the nonstop negative news but when these banks are caught in their illegal act worth trillions of dollars we only see a small article with a very mellow tone that nobody really reads either. in fact the topic is mostly discussed in bitcoin forums and not many place else.
Accurate. The media's create some salty headlines and articles whenever they had a scope of a transaction like that in bitcoin.
legendary
Activity: 2254
Merit: 2406
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One of the reasons for this could be that people are less sensitive to scams related to banks as the whole system is built on it, so such news does not get much traffic when reported or is not reported broadly so as not to create panic. But when scams is related to Bitcoin, no matter how loose the connection is, it usually gathers lots of attention; The massive printing of money was reported by lots of media houses but was not debated heavily on general forums, such a supply hike in a currency like bitcoin would surely get much more interest.

There's also the case of government pushing the narrative that Bitcoin facilitates scams through media houses.
legendary
Activity: 2128
Merit: 1293
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the funny thing is that when one dude does something illegal with bitcoin worth 10 bucks the media renders us deaf with the nonstop negative news but when these banks are caught in their illegal act worth trillions of dollars we only see a small article with a very mellow tone that nobody really reads either. in fact the topic is mostly discussed in bitcoin forums and not many place else.
mk4
legendary
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In other news, water is wet, and the pope is catholic.  Roll Eyes

Relevant video: https://www.youtube.com/watch?v=v_wlZr1aBdI
legendary
Activity: 2282
Merit: 1023
Well what do you know, more scams from one of the worlds most corrupt and immoral banks and their CEO Jamie Dimon.  Many of you of course remember how Jamie Dimon came out and called Bitcoin a scam. The funny thing is the day he came out and said this Chase Bank trader made moves to take advantage of the price drop.

Once again his bank gets caught for fraudulent trading activities. So I ask, what's really the scam..bitcoin or traditional banks such as JP Morgan Chase
This is not the first time these traditional banks are caught doing fraudulent trading activities and even though they know that if they are caught they will be slapped with a huge fine they still carry on those practices. The reason some of these bankers are against bitcoin is because they know it is a decentralized platform and no one of power will voice their difference when they chirp against bitcoin and more over they get all the media attention for bashing bitcoin.
legendary
Activity: 2282
Merit: 3014
Well what do you know, more scams from one of the worlds most corrupt and immoral banks and their CEO Jamie Dimon.  Many of you of course remember how Jamie Dimon came out and called Bitcoin a scam. The funny thing is the day he came out and said this Chase Bank trader made moves to take advantage of the price drop.

Once again his bank gets caught for fraudulent trading activities. So I ask, what's really the scam..bitcoin or traditional banks such as JP Morgan Chase

https://www.cnbc.com/2020/09/23/jpmorgan-to-pay-almost-1-billion-fine-to-resolve-us-investigation-into-trading-practices.html
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