Topic: JP Morgan is a cheat. (Read 1488 times)
I don't really understand why what he said effected the market so much ? Was it really what he said ? What about china ? Or was it both China and him combined ? I don't see why people get so worked up and worried over the slightest thing.
I don't really know what to believe anymore since there is a lot of fake news going around. I personnally don't care about JPM, if he really says bitcoin is a scam and is later caught buying half the coins, he's just shooting himself in the leg...
Who produce the bubble in 2008?? It's investment banking!!
with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me
i have same point with you, at first i never heard who jp morgan but a weeks ago his name are familiar in this forum with his statement that bitcoin is scam. i didn't trust towards their statement yet. but nowadays rumor come to jp morgan that he bought a large quantity of bitcoin. we should not trust to liar person like him
as it is said...its runs in the family...his Daugther is dealing in bitcoin and he made a bad comment and now his Daugther is spending her profit to b his grandkids gift and having a party which he attend...this is really a way to get free money for all their family activity...
There are some people in the world of big company and there words effect to the market.they are the manipulator.like a JP Morgan a few day ago JP Morgan say what is a bitcoin and this is a fraud.they just said these word. And it's completely effect to the Bitcoin price in a few hours. Bitcoin price droped down to $500 to $800. But after some hours they bought huge amount of Bitcoin and now they have a good profit in hand. It means they are fully Cheater.
I almost felt sorry for dumb people dumping Bitcoin, they could never realize what is Bitcoin and probably never will, while it's a software following the
Code and only does whatever the code says, people only look at others to see what they think and what they say, they will listen if the person is a well
Known investor and is a successful person, these successful people know it and they take advantage when they can. what the fuck do you care if he
Said or didn't say something? so many day traders are holding so many Bitcoins, they will dump when they hear a fuss.
Code and only does whatever the code says, people only look at others to see what they think and what they say, they will listen if the person is a well
Known investor and is a successful person, these successful people know it and they take advantage when they can. what the fuck do you care if he
Said or didn't say something? so many day traders are holding so many Bitcoins, they will dump when they hear a fuss.
one of the reasons why i say JP Morgan is heavily invested in bitcoin is because they know the market pretty well!
the timing was phenomenal. their CEO could have come out and call bitcoin a fraud anytime he wanted but he chose that particular date. why? because market was already on a downward spiral and the bottoms were being tested. it just needed a nudge. and they gave it to bitcoin.
now THEY have earned $1000 per each coin they have bought.
the timing was phenomenal. their CEO could have come out and call bitcoin a fraud anytime he wanted but he chose that particular date. why? because market was already on a downward spiral and the bottoms were being tested. it just needed a nudge. and they gave it to bitcoin.
now THEY have earned $1000 per each coin they have bought.
Probably that was a scenario and "sheep" helped them to make it happen.
I don't understand why many users react so fast and naive on every published information or statement just because it comes from source like JP Morgan. And what are their actual competence for making such statements about Bitcoins.
one of the reasons why i say JP Morgan is heavily invested in bitcoin is because they know the market pretty well!
the timing was phenomenal. their CEO could have come out and call bitcoin a fraud anytime he wanted but he chose that particular date. why? because market was already on a downward spiral and the bottoms were being tested. it just needed a nudge. and they gave it to bitcoin.
now THEY have earned $1000 per each coin they have bought.
the timing was phenomenal. their CEO could have come out and call bitcoin a fraud anytime he wanted but he chose that particular date. why? because market was already on a downward spiral and the bottoms were being tested. it just needed a nudge. and they gave it to bitcoin.
now THEY have earned $1000 per each coin they have bought.
What i see herr is that jamie dimon still gets most of his income from jpmorgan, he is just trying to protext his livelihood, i think he was just used, ghey made him say things against bitcoin in order to make bitcoin fall, and they also capitalized on what was happening in china, i believe that even jamie dimon himself.knows what bitcoin is capable of and what will become of he future of bitcoin, as.of now they had just managed yo bring the price of bitcoin down, but didn't eliminate bitcoin at all, i yhink at this time he alrady bought a lot of bitcoins, since as an investor, you don't criticize nor bad mouth an investment, rather you study it and take risk, even if you know it has a high volatility rate. In what i see here, jpmorgan just want to have more bitcoins for themselves, and bad mouthing it, might lower the price down, just like what mark cuban did, i think we'll also be hearing an ICO from jpmorgan the next time.
Jamie Dimon has a right to say whatever he wants about Bitcoin good or bad. A bunch of you are angry at him because you are biased. One, he is a banker. Two, he said negative things about Bitcoin.
John Mcafee said one Bitcoin would be worth $500,000 by 2020. Does he really believe this or is he spreading GCA (greed, certainty, and appeal)? Nobody is getting mad at John for trying to promote Bitcoin. He has great financial incentive for this just like Jamie has financial incentive to bash it.
People are allowed to say what they want. You can hate Jamie if you want to, but it doesn't make what he did by any means, punishable or even malicious.
John Mcafee said one Bitcoin would be worth $500,000 by 2020. Does he really believe this or is he spreading GCA (greed, certainty, and appeal)? Nobody is getting mad at John for trying to promote Bitcoin. He has great financial incentive for this just like Jamie has financial incentive to bash it.
People are allowed to say what they want. You can hate Jamie if you want to, but it doesn't make what he did by any means, punishable or even malicious.
At least Jamie Dimons has a reputation that makes him very credible in his field, if it turns out Jamie Dimons is just spreading rumors and still investing in bitcoin, it will have an impact on his reputation as a banker. You can not indiscriminately spread rumors especially if you already have a big name.
What he says has a huge impact by investors who are still in the learning phase. and there are also many negative concerns in the market these days.
If you want to play, it is not appropriate to make vulgar sentences in public, if JP-Morgan one day is still proven to be involved in the crypto market, then social punishment will be accepted.
Jamie Dimon has a right to say whatever he wants about Bitcoin good or bad. A bunch of you are angry at him because you are biased. One, he is a banker. Two, he said negative things about Bitcoin.
John Mcafee said one Bitcoin would be worth $500,000 by 2020. Does he really believe this or is he spreading GCA (greed, certainty, and appeal)? Nobody is getting mad at John for trying to promote Bitcoin. He has great financial incentive for this just like Jamie has financial incentive to bash it.
People are allowed to say what they want. You can hate Jamie if you want to, but it doesn't make what he did by any means, punishable or even malicious.
John Mcafee said one Bitcoin would be worth $500,000 by 2020. Does he really believe this or is he spreading GCA (greed, certainty, and appeal)? Nobody is getting mad at John for trying to promote Bitcoin. He has great financial incentive for this just like Jamie has financial incentive to bash it.
People are allowed to say what they want. You can hate Jamie if you want to, but it doesn't make what he did by any means, punishable or even malicious.
with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me
You can't criticise somebody for actions like this, weak hands can only blame themselves for being manipulated by what somebody else says.
After a Few Harsh Statements from Executive Jamie Dimon, JP Morgan Ltd., and Morgan Stanley Purchase Bitcoin ETNs
According to public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought roughly 3M euro worth of XBT note shares. Interestingly after the recent regulatory crackdown in China, and the statements from JP Morgan’s senior executive Jamie Dimon talking trash about bitcoin, his firm bought the dip on September 15. In fact, out of all the companies on the list, like Goldman Sachs and Barclays, the JP Morgan team of buyers purchased the most XBT notes.
Source
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
According to public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought roughly 3M euro worth of XBT note shares. Interestingly after the recent regulatory crackdown in China, and the statements from JP Morgan’s senior executive Jamie Dimon talking trash about bitcoin, his firm bought the dip on September 15. In fact, out of all the companies on the list, like Goldman Sachs and Barclays, the JP Morgan team of buyers purchased the most XBT notes.
Source
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
with the rumors going round about JP Morgan buy a large quantity of bitcoin yesterday...i believe his statement was to manipulate the market so he can get in hard....what you this tell me
Businessman doing business. This type of strategy do really work trying to put down someone or something in favor of their own interest. This is one used strategy by banks to manipulate the market somehow. Giving out statements such as Dimon did, contribute in the depreciation of value of Bitcoin so that they could bought for themselves. Hereafter buying they'd for sure release another statement to counter the first one. Definitely the price of Bitcoin would rose again, then for sure they gained more than they bargain for.
I do not know how far the rumors are correct and since the internet is crazy about making conspiracies everyday which is nothing new and they seem to spread like wildfire as any other rumor. The fact is that banks will collapse if the currency is replaced totally from fiat to bitcoin. However this is not happening anytime soon and people should not take such facts for granted every time they see something happen. Maybe he did want the market to really a bit - who knows? But this may also be just a fake news so that the people spreading them get a better social engagement. After all social engagements is what the internet runs on in today's world and not genuine news.
JP Morgan has a classic strategy and that is saying or telling some negative thoughts on bitcoin and he just wait for the price to comedown and when he saw some good entry for bitcoin then he just buy a lot of bitcoins in the market and keep it for long term like the other bitcoin investor and enjoy the profits of his investment in the future.
They(not only JP Morgan) do it all the time, manipulation by news(say bad things when they want to buy, then change the tone when they want to sell) and play with inside information, specially in 3rd world countries.
Of course with bitcoin the manipulation was more explicit because there is no law against market manipulation and inside information with BTC and people know almost nothing about it, so it is easier to bullshit around and convince people.
The last days have been, let's say, didactic in this aspect.
Of course with bitcoin the manipulation was more explicit because there is no law against market manipulation and inside information with BTC and people know almost nothing about it, so it is easier to bullshit around and convince people.
The last days have been, let's say, didactic in this aspect.
What is surprising is how this is not illegal, I mean, it's not really surprising since these billonaires control the system itself and can always get themselves out of jail, even after scamming people billions:
https://www.vanityfair.com/news/2017/09/jamie-dimon-billion-dollar-secret-jp-morgan
Anyone can see how it was obvious insider trading. Im sure that Jamie Dimon's daugther had a short set before his dad went on mainstream media and scared investors off Bitcoin, then they bought it back and once again hodlers won and panic sellers lost. The only way to defeat these criminals is by never selling BTC.
Insider trading would be more like a core dev shorting Bitcoin right before a patch goes up that he knows will break it. How is Jamie Dimon an 'insider' when it comes to Bitcoin? His comments and the resulting price movement just prove that there are many people who don't really believe in Bitcoin and just want to get in for some easy money.
He knew his statements will cause a ripple affect, because he has done this before and the price dropped after he made these comments. His own daughter is involved in Bitcoin, so he might have done this to either boost her investment or to destroy it. He also threatened to fire people, if it came to light that they traded in Bitcoin.
How is this not insider trading? He knew his actions will cause people to dump coins and this will bring down the price.
That's quite a strategy, isn't it? I hated his harsh words pertaining to btc being a fraud and all but I don't hate him. His words (in time with the China news) may have impacted the trend in a way. But then again, if you'll notice how happy the traders are with the recent dive you'll understand. If you're a trader then this past few days are "the moment" to buy in more. And admit it or not some of us here are happy traders too who benefitted and took advantage of the moment to buy more coins to trade for the coming weeks.
We certainly see some recovery happening, but I am afraid that current situation might be only a first stadium of series of crashes.The current crash was caused by JPMorgan and ICO Ban in China, but what do you think will happen after China will cease all Bitcoin to yuan trading activities?
I am worried that we will see another wave of price crashes by October's end when Huobi and OKCoin will halt trading yuan-BTC pair.
I care less about what JP Morgan says or do, if an event or rumour causes a dip in Bitcoin price, the proper thing a trader should do would be to take advantage of the low prices and sell at high price. The question that should be asked is thus : What did I do when the price dipped?
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