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Topic: JP Morgan believes Bitcoin is Overpriced - page 2. (Read 646 times)

member
Activity: 1162
Merit: 58
November 25, 2021, 07:31:25 PM
#86
Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 
100% on this, they will always find way to discourage the increasing market of crypto just to favor their interest .
they will never let us rich unless they will be the first.

Thanks for this enlightenment mate very worth to believe .
legendary
Activity: 2282
Merit: 1023
November 25, 2021, 06:57:47 PM
#85
Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 
These firms will create fear to the normal investor and they take advantage of the situation they created. JP Morgan is notorious for doing this for a long time and we are still discussing what he is telling every month and there is no point in talking about him as he will always say one thing and behind the scene will invest in them.

We should start ignoring people like these to have a say in the cryptocurrency space.
newbie
Activity: 110
Merit: 0
November 25, 2021, 05:40:28 PM
#84
Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 
Jpmorgan has to keep credibility in check, they’re right Bitcoin is overvalued,
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
November 25, 2021, 08:32:34 AM
#83
Don’t trust what big corps say regarding investments, especially financial ones. They don’t care about you, they don’t want the little guys to do well. 
hero member
Activity: 2268
Merit: 588
You own the pen
November 25, 2021, 03:35:40 AM
#82
They always have their two cents with bitcoins. of course, it's not, the more the price the more we see good news about it. Their comments won't add anything at all especially those critics who don't have anything good to say about bitcoins. The price will continue to rise from now on after a few declines because we are not on the same boat as we are in the past. things are working out with bitcoins nowadays from a county that implement it to some of the known companies who wanted to innovate their services with it.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
November 25, 2021, 12:08:43 AM
#81
Definitely overvalued  Grin
Bitcoin ain’t backed by anything only hype 
You have posted severally here in this thread and obviously you are anti Bitcoin , so Mind if you share which Altcoin is best to purchase since bitcoin isn't that good for you?
will be much appreciated if you do share thanks.

One man's food is another man's poison, as commonly said. I don't know or ever believed Bitcoin is overpriced, the English self weak me and I am wondering what comes about all this overprice of a thing in the first place for people like me I know I will witness Bitcoin at $60k and won't regret any thing
Yes it is, because even though JP Morgan releases this statement yet Bitcoin price is holding above 50k means what? this isn't overvalued ?
newbie
Activity: 110
Merit: 0
November 24, 2021, 08:03:53 PM
#80
Bitcoin ain’t backed by anything only hype 
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
November 24, 2021, 05:54:14 AM
#79
As someone who's worked in finance for over 15 years now one thing that I've come to the conclusion of, an irrefutable conclusion, is that big banks are extremely corrupt, and that starts with the Worlds second biggest bank which we are discussing right here...JP Morgan Chase Bank.  Jamie Dimond is an absolute fool and the corruption ring master so anything that comes out of this institution I take with a large grain of salt.

Totally agree with what you said, the corruption in banks has spread to small banks in remote areas like mine, and I (if I could) have forgotten their existence and stopped using their services, but unfortunately I have not been able to do so.
I think by owning Bitcoin and using blockchain, even though it is small, this already represents my protest against the bank.

What kind of corruption you are talking about?

It's only called corruption if they don't follow the law and their rules? if not, then there's no corruption happening.
That's a wild accusation, in fact, banks are regulated and they follow the rules, while blockchain promotes anonymity which the government is afraid that it could be used for illegal transactions.

Just to be clear, I'm not anti-crypto, I'm just saying what I know based on my experience as a banker.
newbie
Activity: 110
Merit: 0
November 23, 2021, 08:44:05 PM
#78
Definitely overvalued  Grin
full member
Activity: 1190
Merit: 108
November 23, 2021, 10:36:31 AM
#77
As someone who's worked in finance for over 15 years now one thing that I've come to the conclusion of, an irrefutable conclusion, is that big banks are extremely corrupt, and that starts with the Worlds second biggest bank which we are discussing right here...JP Morgan Chase Bank.  Jamie Dimond is an absolute fool and the corruption ring master so anything that comes out of this institution I take with a large grain of salt.

Totally agree with what you said, the corruption in banks has spread to small banks in remote areas like mine, and I (if I could) have forgotten their existence and stopped using their services, but unfortunately I have not been able to do so.
I think by owning Bitcoin and using blockchain, even though it is small, this already represents my protest against the bank.
sr. member
Activity: 1610
Merit: 301
*STOP NOWHERE*
November 19, 2021, 03:46:30 PM
#76


It's true that quite a lot of people were initially negative about Bitcoin, then changed their minds after seeing the very rapid development of Bitcoin.
So don't be surprised if JP Morgan can go from being a Bitcoin hater to a Bitcoin supporter, because JP Morgan probably now realizes Bitcoin is
too strong to be dropped, so if it can't beat Bitcoin, why not try to join, that's what JP Morgan is doing right now. The conclusion is that as long
as we are not affected by the circulating FUD and have confidence in the future of Bitcoin, it means we are on the right path. Since it's impossible
to get everyone in the world to like Bitcoin, there will always be Bitcoin haters, so don't worry if Bitcoin haters try to stop Bitcoin, because
Bitcoin is unstoppable. Bitcoin price will continue to rise creating another new ATH.

That would never happen, JP Morgan would never support a decentralized system, lol. I believe JP Morgan himself has benefited by investing in Bitcoin and that is why he tries to keep up to date on Bitcoin. I think, the issue of official Bitcoin adoption by ministers from around the world may be bothering him, so he may be worried about the existence of his banking business. When the price of Bitcoin went up to $19K in 2017, some people said that it has become overpriced. By creating these FUDs, it is no longer possible to cover up the truth.
hero member
Activity: 1106
Merit: 508
Bisq Market Day - March 20th 2023
November 19, 2021, 03:32:59 PM
#75
No thing to think about this statement or else from JP Morgan. They and their CEO attacked Bitcoin multiple times but after all they launched services to allow their customers to invest in Bitcoin.

From Bitcoin is a fraud in 2017
to JPMorgan to give all wealth clients access to crypto funds

Nice you looked this up and posted these two articles, exactly this contradiction is on my mind all the time whenever I read the name Jamie Dimon or JP Morgan Chase. I always have to think about the shit that Dimon talked about Bitcoin just to revoke everything by his actions alone shortly after. It is a strategy, there is no doubt about that.
member
Activity: 714
Merit: 16
November 19, 2021, 10:42:49 AM
#74
One man's food is another man's poison, as commonly said. I don't know or ever believed Bitcoin is overpriced, the English self weak me and I am wondering what comes about all this overprice of a thing in the first place for people like me I know I will witness Bitcoin at $60k and won't regret any thing
sr. member
Activity: 1876
Merit: 318
November 19, 2021, 06:06:06 AM
#73
No thing to think about this statement or else from JP Morgan. They and their CEO attacked Bitcoin multiple times but after all they launched services to allow their customers to invest in Bitcoin.

From Bitcoin is a fraud in 2017
to JPMorgan to give all wealth clients access to crypto funds
They have been playing these mind games from long time and when they see they can't stop btc they also jump into providing bitcoin service to clients and there are many more like them who will issue such changing statements and then will accept Bitcoin so don't worry about them.Btc is soon going to new ATH and these statements don't stop it.

It's true that quite a lot of people were initially negative about Bitcoin, then changed their minds after seeing the very rapid development of Bitcoin.
So don't be surprised if JP Morgan can go from being a Bitcoin hater to a Bitcoin supporter, because JP Morgan probably now realizes Bitcoin is
too strong to be dropped, so if it can't beat Bitcoin, why not try to join, that's what JP Morgan is doing right now. The conclusion is that as long
as we are not affected by the circulating FUD and have confidence in the future of Bitcoin, it means we are on the right path. Since it's impossible
to get everyone in the world to like Bitcoin, there will always be Bitcoin haters, so don't worry if Bitcoin haters try to stop Bitcoin, because
Bitcoin is unstoppable. Bitcoin price will continue to rise creating another new ATH.
newbie
Activity: 11
Merit: 0
November 19, 2021, 05:14:53 AM
#72
Bitcoin cannot be overpriced, since its quantity is constantly and strictly limited, it is not subject to inflation. Its price will fluctuate over a short period, but over a long time period, it will only grow.
full member
Activity: 1834
Merit: 166
November 19, 2021, 01:30:25 AM
#71
No thing to think about this statement or else from JP Morgan. They and their CEO attacked Bitcoin multiple times but after all they launched services to allow their customers to invest in Bitcoin.

From Bitcoin is a fraud in 2017
to JPMorgan to give all wealth clients access to crypto funds
They have been playing these mind games from long time and when they see they can't stop btc they also jump into providing bitcoin service to clients and there are many more like them who will issue such changing statements and then will accept Bitcoin so don't worry about them.Btc is soon going to new ATH and these statements don't stop it.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
November 18, 2021, 07:41:12 PM
#70
JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.  JPMorgan Chase & Co. strategists recently released a report where they mention that Bitcoins's price is overpriced and for it to hit the 100k mark it would need to have volatility decreased. They point out that Bitcoin is now being traded above 60k but the true price for Bitcoin should be $35k.

What do you guys think about this?

 
so this spread of statement from JP Morgan is the reason for the decline to reach 70k? does this released is the start of falling market as the 2022 near to come?

It was the one of the first crypto currencies invented doesn’t  mean it’s the best, it’s all speculation and hype which is pushing the price up. Jp Morgan are right overpriced outdated coin with high fees , useless for micropayments etc.
Lol it is not the best? please extend explaining why ? do you really understand the meaning of BEST in cryptocurrency?
newbie
Activity: 110
Merit: 0
November 18, 2021, 06:53:33 PM
#69
It was the one of the first crypto currencies invented doesn’t  mean it’s the best, it’s all speculation and hype which is pushing the price up. Jp Morgan are right overpriced outdated coin with high fees , useless for micropayments etc.
hero member
Activity: 1106
Merit: 508
Bisq Market Day - March 20th 2023
November 18, 2021, 12:28:13 AM
#68
JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.  JPMorgan Chase & Co. strategists recently released a report where they mention that Bitcoins's price is overpriced and for it to hit the 100k mark it would need to have volatility decreased. They point out that Bitcoin is now being traded above 60k but the true price for Bitcoin should be $35k.

What do you guys think about this?

Honestly, a lot of analysts including these big name banks are as absolutely clueless as the rest of us when it comes to predicting the trend or direction of bitcoin over any period of time. It has proven that it is nothing like a company, where they can evaluate all sorts of information like margins, profits, new products, etc. and it is more like a commodity that is moving wildly but has great universal demand. It's also worth noting that these very banks are late to the part in many cases, so it would highly benefit them to be able to stock up on Bitcoin at lower costs to push it back on to their very high net worth clients who are probably seeking exposure to crypto a lot at the moment.

A while ago it came to light that the recommendations banks publish on a daily basis actually exactly plays into the strategy of their own portfolio. So if JP Morgan goes short on Bitcoin because they want to speculate on falling prices (doesn't mean they don't believe in Bitcoin long-term), their agenda is crystal clear right? They are going to tell the people this thing is overpriced. And then when they cash out on their short position, they'll probably let everyone know that it is soon time for another bull run.
full member
Activity: 756
Merit: 105
November 17, 2021, 10:17:29 PM
#67
if the normal price of bitcoin is $35k, it means that now be prepared to experience a drastic decline. For me, it is permissible to express an opinion or analysis, but if our opinion or analysis is wrong, we should accept it. And I think bitcoin will be more than $100k later, because the positive trend is growing, even the latest news, China will withdraw its decision to ban bitcoin, they will allow bitcoin to be used in their country. that's a good news isn't it..!!
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