JP Morgan Coin only created to dump XRP price? - page 3.

Febo

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Quote from: Silber on February 25, 2019, 03:11:59 PM

JP Morgan Coin only created to dump XRP price?

They made token to sell it to suckers. Yes same suckers that are buying XRP. There are plenty that have no ideas why decentralized internet money is so powerful invention and are just throwing their wealth to database tokens liek ripple and jp morgan coin.

premiumproductss

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As Anthony Pompliano (big crypto influencer) said that JPM Coin is a coin created only for money laundering. And if you think about it, then it makes a sense.

omone1

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No, only newbies who don't know Dimon Jamie's antecedent will believe him to be able to kill ripple and they will hurriedly sell off their coins. I am yet to see or read JPM coin whitepaper, before I can draw my conclusion. One really need to be-careful when a cruel banker is moving to a decentralized system that he is openly against.

suzanne5223

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Firstly, I really respect JP Morgan for the creation of their own crypto currency which was created aide instant international payments for corporate, uncoporate personal and effective services of the JPMorgan stores as said by the JP Morgan blockchain department.
Nevertheless, the reason why people think JP Morgan coin will destroy XRP was because JPM makes daily transfers of more than 6 trillion dollars worldwide while XRP network make max of 1.2million transaction per day and JPM coin could be the coin which amazon may use in the future.

posi

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Quote from: Silber on February 25, 2019, 03:11:59 PM

consider the following:

JP Morgan want to buy a large amount of XRP. To make more profit JPM first "created" the JPM Coin and spread FUD (JPM Coin = XRP Killer) so that XRP price goes down and JPM can buy XRP for a cheaper price. The JPM Coin only has this purpose...

thoughts?

Tin foil hat posts are allowed in this thread - don't forget JPM spread lies about Bitcoin in the past.

OP definitely misunderstand the concept behind the two mentioned coin creation cause XRP was created for the purpose of security(which is why some banks and company joined their network) and payment while JPM coin is a stable coin and it was created for the ease of JPM customers/users. However, OP was not the first person to assume .

bartolo

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If they wanted to dump XRP price they would have many ways to do it, they would not create a coin for that purpose risking their reputation. There are many reasons for them to create their internal coin, dumping XRP is not one of them.

Red-Apple

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haha, it was a funny conspiracy theory.

but it is obviously not true. these things are only act as excuses for the whales to dump some altcoin (shorting it while they are doing it) so that they can make a huge amount of money. otherwise coins like XRP are too small for JPMorgan with their money and the level they are at.

tonyvo2017

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Quote from: Silber on February 25, 2019, 03:11:59 PM

consider the following:

JP Morgan want to buy a large amount of XRP. To make more profit JPM first "created" the JPM Coin and spread FUD (JPM Coin = XRP Killer) so that XRP price goes down and JPM can buy XRP for a cheaper price. The JPM Coin only has this purpose...

thoughts?

Tin foil hat posts are allowed in this thread - don't forget JPM spread lies about Bitcoin in the past.

I think he won't do that. I think it's just a collaboration between XRP and JPM. You know, the SEC organization in the United States is really a very strict organization for manipulation. In addition, JPM is a very large enterprise and it is under the control of SEC. they will not be made all their bad intentions. Cheesy

Rabbot

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I do not mind, let them dump it while bitcoin is preparing to grow. I don't like Ripple.

Psynthax

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Quote from: Silber on February 25, 2019, 04:14:30 PM

Quote from: styca on February 25, 2019, 03:36:25 PM

Quote from: Silber on February 25, 2019, 03:11:59 PM

consider the following:

JP Morgan want to buy a large amount of XRP. To make more profit JPM first "created" the JPM Coins to spread FUD so that XRP price goes down. The JPM Coin only has this purpose...

thoughts?

* Tin foil hat posts are allowed in this thread - don't forget JPM spread lies about Bitcoin in the past.

I don't understand the point of the JPM coin at all. It doesn't have any bearing on XRP, it's just an internal coin to the JPM network. Why are they even using blockchain? And why are they publicising it and why is everyone making such a big deal about it? It's just a nothing coin. I really can't see how it would have any impact on XRP price, it's not a competitor.
/rant

That's the point. A internal coin don't need any publicity, also not a "XRP Killer" publicity... and the Wallstreet Boys called XRP a scam (what it probably is) and promoting the JPM Coin at the same time.

And also think about security issue: if it`s only made for banks and big investors, you not go public whit any kind of information - not even that it exist. Roll Eyes

Wall Street Propaganda:

Quote

"While Ripple has been positioning XRP as solving cross-border financial transaction issues among banks, there are also indications that Ripple is essentially a scam. Banks around the world are getting wise, and JPMorgan has timed its release of its coin to fill the void that Ripple’s apparent dishonesty is leaving in the marketplace."

Source: https://www.forbes.com/sites/jasonbloomberg/2019/02/22/jpm-coin-from-jpmorgan-chase-vs-crypto-fans-whos-missing-the-point/#74334a453f16

btw I am not a XRP owner and I will never buy XRP, because It`s centralized and XRP just a money printing machine for the Ripple Labs Company behind XRP.

Look at those dumb buyers of XRP and how they have made the CEO of ripple gets tons of money when the platform gave nothing to the holders. This company can't even generate revenue from its service.

maydna

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I don't think JPM will get success by spreading lies to the public especially right now, people learned from history, and they will find the truth.

JPM can do that in many times because he has the power to make public panic. But I wonder why JPM create a new coin while he also wants to buy XRP at a low price? Why does he need to buy the other coins than try to hard work to make his coin get success so his coin can compete with XRP?

I think he doesn't have self-confidence with his coin and he tried to spread another lie to the public so he can buy XRP at a low price at the right time.

But time will tell who is going to stay in the crypto market and we will see the truth behind of JPM coin.

Caladonian

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Quote from: ASHLIUSZ on February 26, 2019, 03:12:59 AM

JP Morgan being a giant in the financial ecosystem, he can do whatever required. If his plan is to dump the xrp growth surely it'll be attained, because he doesn't lack in funding as well manipulating the market isn't that big for those people.

Following you with your statement, there's chances that they can do this as they are well equipped with how the market moves, if they seen
opportunities they will grab it right away, I do remember how they speak about crypto/bitcoin and now they are here broadcasting their appearance
inside the market.

If they really intended to do such things, then they can easily takeover and manipulate as they have enough or deeper funds to finance such actions.

ryzaadit

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Why he created to dump XRP? I still can't understand this thread. I think the currency of JP Morgan will be a stable coin and only used to the service on their platform. I sure, there is no connection between JP Morgan and XRP on this scheme.

ASHLIUSZ

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JP Morgan being a giant in the financial ecosystem, he can do whatever required. If his plan is to dump the xrp growth surely it'll be attained, because he doesn't lack in funding as well manipulating the market isn't that big for those people.

grifinmch

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The JPM game that wants to make a lot of speculation and other opinions on the XRP, didn't you ever make a FUD on bitcoin and now make it fud again but on XRP? One thing that makes investors fooled by JPM's review, this won't last long.

LUCKMCFLY

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I think a logical reason may be that he knows that most of the XRP is in a fairly high percentage of accumulation and when he decides to increase the XRP, he will want to make some profit, maybe it is a smart move or a contingency plan, in case that things lose a bit of control with the currency that is being launched, that is the only way I can intuit that can be attributed to that movement, is what I think, only speculation looking for some logical way of why he made that purchase .

livingfree

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This is a new drama in the crypto world? I don't mind both of them have their own competition for being a backed up coin by centralized establishments like the banks.

Quote from: watergold on February 26, 2019, 12:48:56 AM

is it possible that the new coin is only with capital jp morgan as the founder can be able to dump a coin legend such as xrp,I think it's still very difficult for that

I'm not an XRP investor but I don't think it will be easy for the JP Morgan to turn them down. You can't predict the market and so with these two coins, there will be more choice for the investors to support this kind of coins.

watergold

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is it possible that the new coin is only with capital jp morgan as the founder can be able to dump a coin legend such as xrp,I think it's still very difficult for that

Sanitough

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Quote from: Silber on February 25, 2019, 03:11:59 PM

consider the following:

JP Morgan want to buy a large amount of XRP. To make more profit JPM first "created" the JPM Coin and spread FUD (JPM Coin = XRP Killer) so that XRP price goes down and JPM can buy XRP for a cheaper price. The JPM Coin only has this purpose...

thoughts?

Tin foil hat posts are allowed in this thread - don't forget JPM spread lies about Bitcoin in the past.

You have a weird thinking and I appreciate that, you think like a pro, lol.

Man, why would they do that? Even though they announce about their own coin but have you seen XRP dump?
XRP remain stable and the good news today is that it is listed in coinbase and we have seen it grow, JPM still has to prove it's worth, people would
not trust anything coming from a banker who criticize crypto before but they are here adopting now.

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Quote from: mamesso on February 25, 2019, 11:39:58 PM

Quote from: Pecunia non olet on February 25, 2019, 04:30:05 PM

JP Morgan Coin is only a marketing strategy to attract investors, it is not a real cryptocurrency with the public blockchain. I would never trust in something created by JP Morgan.

Because he's a cheater and has made panic.
I also do not believe, I believe that XP will not be replaced.
by the way you use the Faba signature. faba scam

JPM has a negative character so that many people hate it, chances are this won't last long and XRP still remains popular with its development.
Why are you saying Faba is a scam? is there evidence?

Topic: JP Morgan Coin only created to dump XRP price? - page 3. (Read 500 times)