Topic: JP Morgan buys Bitcoin (after Dimon crashed the market) - page 4. (Read 2651 times)
Well, that's how a businessman's mind works. Dimon targeted the emotional imbalances of the investors stating that this industry is fraud. What Dimon did was an emotional blackmail, instead of holding onto their coins they were forced to believe in something that this industry will fall and the result is as expected. A lot of investors sold their coins to contribute to the downfall of the price of Bitcoin in the market. JP Morgan uses that as an advantage to buy coins for themselves. I will not be shocked if Dimon suddenly reverses his statement towards Bitcoin. That's how manipulative a man and his company can be.
I get it; this is what they all do, and they're all market manipulators. In the
case of cryptocurrency I think this is still legal for JP Morgan to do. If this was
the stock market it would be blatantly illegal, because stocks are securities
and are regulated by the SEC. So they can use the media to their advantage
with their opinions (which carry great weight) and can trade off that. It's
insane to me, but for now that's the way it is.
case of cryptocurrency I think this is still legal for JP Morgan to do. If this was
the stock market it would be blatantly illegal, because stocks are securities
and are regulated by the SEC. So they can use the media to their advantage
with their opinions (which carry great weight) and can trade off that. It's
insane to me, but for now that's the way it is.
That is mr.dimon's demonic act on how to manipulate bitcoin price
that's the big advantage if you have the power, influential and famous and most of all the boss of one of the biggest financial institution in the US, you can easily distort the fact by using media and manipulate the market in order to gain the favorable and desirable position, so when everyone got panic and staying out of their position selling their shares thinking that it will crash sooner, then Mr. Dimon buys BTC at cheaper price - he has his last laugh.
it is business strategy then.. they wanted to shake the bitcoins prices so that they can buy more then sell it afterwards at a higher price.... so... you see.... this is what big players do to gain big... tsk tsk....
This all looks a little bit strange to me.
A CEO playing with the reputation of his whole company just to get a few cheap bitcoins? That is very far fetched if you ask me.
I think I have read somewhere that 'jp morgan securities ltd' changed their name to 'jp morgan securities plc' back in 2012.
Why would they buy under the old name bitcoins?
A CEO playing with the reputation of his whole company just to get a few cheap bitcoins? That is very far fetched if you ask me.
I think I have read somewhere that 'jp morgan securities ltd' changed their name to 'jp morgan securities plc' back in 2012.
Why would they buy under the old name bitcoins?
That is clear now that JPMorgan's general director Dimon is just the biggest speculator of bitcoin prices. Obviously that it was his target to announce in his interview to Bloomberg that bitcoin is only for stupid. He just moved the price to go even more down and in the result they bought bitcoins by very good prices. Smart strategy.
I wouldn't put it past the banking bastards to do something like this. but if every time a CEO says some crap like that, the community falls into their hands; it doesn't look good for the bitcoin community.
i wouldnt either, and this should be illegal, as it would be if they did this to a registered security. with that being said, his opinions really matter for naught; and to listen to his actual full comments on the matter, it sounded like he had butthurt because his daughter invested and he didnt. . i was looking to confirm this story, it popped up on my linkedin feed when I first woke up. this still doesnt confirm it, per se, but it does lend credence.
but seriously, they really have to do something legally about the FUD, it literally drives the price. Fud, and uncurbed enthusiasm are the basis of our price
Haha Jamie Dimon made easiest profit in his life. Easiest 30% investment in a week and all people who trusted JD are now fucked up. Haha
The easiest 30% discount, indeed! The big whales always wins! Newbies always got panic to fake FUDs and loose their profits in return!
Yes absolutely, the worst thing to do is to trust a banker.
As other people already pointed out in other threads, this doesn't necessarily mean that JP Morgan is buying Bitcoin for themselves:
"This is Nasdaq OMX in Stockholm. JPM (as a broker) probably bought this Bitcoin fund on behalf of it's clients. Once something is listed on an exchange it's not very common for brokerages to discriminate what you can and cannot buy." - /u/TheDJFC
"That could be for clients through brokerage services. Not necessarily buying for corporate holdings. Big difference and misconception." - /u/ent4rent
"This is the list of brokers. Anybody whose ever traded knows what this screen is. Brokers are buying for clients, the purchases are their,s not the brokers." - /u/BTCrob
https://www.reddit.com/r/Bitcoin/comments/70e63z/dimon_called_bitcoin_a_fraud_and_told_he_would/
https://www.reddit.com/r/btc/comments/70e101/ceo_jamie_dimon_also_said_hed_fire_in_a_second/
Is that means they are buying the bitcoin to the clients and that was not related to the companies? Because a lot of people are misunderstanding with it. But i just try to find the truth about that. "This is Nasdaq OMX in Stockholm. JPM (as a broker) probably bought this Bitcoin fund on behalf of it's clients. Once something is listed on an exchange it's not very common for brokerages to discriminate what you can and cannot buy." - /u/TheDJFC
"That could be for clients through brokerage services. Not necessarily buying for corporate holdings. Big difference and misconception." - /u/ent4rent
"This is the list of brokers. Anybody whose ever traded knows what this screen is. Brokers are buying for clients, the purchases are their,s not the brokers." - /u/BTCrob
https://www.reddit.com/r/Bitcoin/comments/70e63z/dimon_called_bitcoin_a_fraud_and_told_he_would/
https://www.reddit.com/r/btc/comments/70e101/ceo_jamie_dimon_also_said_hed_fire_in_a_second/
Some people believing in a and others in b.
Haha Jamie Dimon made easiest profit in his life. Easiest 30% investment in a week and all people who trusted JD are now fucked up. Haha
The easiest 30% discount, indeed! The big whales always wins! Newbies always got panic to fake FUDs and loose their profits in return!
Haha Jamie Dimon made easiest profit in his life. Easiest 30% investment in a week and all people who trusted JD are now fucked up. Haha
I wouldn't put it past the banking bastards to do something like this. but if every time a CEO says some crap like that, the community falls into their hands; it doesn't look good for the bitcoin community.
there has been a couple of confusing explanation about what really JPMorgan is doing regarding that picture but even if those explanations regarding this are true, that doesn't change anything!
even before this proof came to light, i had my suspicious that they must have been heavily involved with bitcoin and must have plans to make some profit from the ongoing situation.
otherwise there was absolutely no reason for him to talk about bitcoin being fraud out of nowhere there must have been some benefit in it for them.
even before this proof came to light, i had my suspicious that they must have been heavily involved with bitcoin and must have plans to make some profit from the ongoing situation.
otherwise there was absolutely no reason for him to talk about bitcoin being fraud out of nowhere there must have been some benefit in it for them.
It doesn't in fact change anything. The bottom line is, Jamie Dimon said that anyone trading Bitcoin is an idiot and should be fired from his company, yet HIS OWN COMPANY IS BUYING BITCOIN!!!!
I mean it doesn't take rocket science what's going on in here. CEO says something, then his company does the opposite. Someone is lying, or they are all together in this buying cheap BTC from the idiots that always sell on FUD. Pick one.
As other people already pointed out in other threads, this doesn't necessarily mean that JP Morgan is buying Bitcoin for themselves:
"This is Nasdaq OMX in Stockholm. JPM (as a broker) probably bought this Bitcoin fund on behalf of it's clients. Once something is listed on an exchange it's not very common for brokerages to discriminate what you can and cannot buy." - /u/TheDJFC
"That could be for clients through brokerage services. Not necessarily buying for corporate holdings. Big difference and misconception." - /u/ent4rent
"This is the list of brokers. Anybody whose ever traded knows what this screen is. Brokers are buying for clients, the purchases are their,s not the brokers." - /u/BTCrob
https://www.reddit.com/r/Bitcoin/comments/70e63z/dimon_called_bitcoin_a_fraud_and_told_he_would/
https://www.reddit.com/r/btc/comments/70e101/ceo_jamie_dimon_also_said_hed_fire_in_a_second/
"This is Nasdaq OMX in Stockholm. JPM (as a broker) probably bought this Bitcoin fund on behalf of it's clients. Once something is listed on an exchange it's not very common for brokerages to discriminate what you can and cannot buy." - /u/TheDJFC
"That could be for clients through brokerage services. Not necessarily buying for corporate holdings. Big difference and misconception." - /u/ent4rent
"This is the list of brokers. Anybody whose ever traded knows what this screen is. Brokers are buying for clients, the purchases are their,s not the brokers." - /u/BTCrob
https://www.reddit.com/r/Bitcoin/comments/70e63z/dimon_called_bitcoin_a_fraud_and_told_he_would/
https://www.reddit.com/r/btc/comments/70e101/ceo_jamie_dimon_also_said_hed_fire_in_a_second/
JPMorgan Dimon statement was to create panic as he knows that if he comment anything that will move the market and same the market reacted it. But it is the weakness of the weak hand traders who sell their coins on this type of fake news.
Well, how often can you do that? He did it now and he burnt himself. Nobody will listen to this clown afterwards. But maybe he thought the timing was right. They bought in massively, riding on the Chinese uncertainty. So probably not a bad move for JPM.
Yea they said that bitcoin is fraud, but what is this now they are now "so called murderers, drug lord and people of north Korea" if i recall the article correctly, or it was south.
What do they think they are with some false news and now when thing are backed to normal now what. They didnt do anything with bitcoin, hardly.
What do they think they are with some false news and now when thing are backed to normal now what. They didnt do anything with bitcoin, hardly.
there has been a couple of confusing explanation about what really JPMorgan is doing regarding that picture but even if those explanations regarding this are true, that doesn't change anything!
even before this proof came to light, i had my suspicious that they must have been heavily involved with bitcoin and must have plans to make some profit from the ongoing situation.
otherwise there was absolutely no reason for him to talk about bitcoin being fraud out of nowhere there must have been some benefit in it for them.
even before this proof came to light, i had my suspicious that they must have been heavily involved with bitcoin and must have plans to make some profit from the ongoing situation.
otherwise there was absolutely no reason for him to talk about bitcoin being fraud out of nowhere there must have been some benefit in it for them.
It's now popular in the forum and the same thread here https://bitcointalksearch.org/topic/m.21894881
Very funny indeed, he puts his reputation and said everything he can just to give a fearful entry point for the upcoming investors as if he wants to get some more at good entry point.
How funny is that? The CEO of JP Morgan goes on an interview and says Bitcoin is a fraud and everyone trading Bitcoin on JP Morgan is an idiot and will be fired.
Very funny indeed, he puts his reputation and said everything he can just to give a fearful entry point for the upcoming investors as if he wants to get some more at good entry point.
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