Topic: JP Morgan purchased XBT shares (Read 832 times)

Jamie Dimon is just a huge scammer.

Imagine someone coming onto these forums and alwayd saying a coin is going to crash. Everyone knows this person has a lot of money to buy coins. The price does start to go down and crash temporarily over the course of a few days. Then the person who kept saying it was going to crash buys a ton of that coin and it goes up some....

SCUMBAG to the max. He is responsible for so much of the FUD about crypto ANDis part of the banking cartals/central banks.

Sadly, you are right. I doubt a small fund of blockchain related stuff can put JP Morgan in trouble. Jamie Dimon is on record for billions worth of scamming people with fraudulent mortgages and more, and we've never seen him spend a day in jail.

This will get nowhere, I doubt they even are able to put him in a position where he is forced to pay a fee. He will keep on rocking in the free world and come back to FUD bitcoin the next time it reaches an ATH.

In my opinion this just makes banksters lose even more credibility.

They're foolish to run it down so badly.
They're thinking they'll be able to regulate small players out of existence, then they'll point to the regs and say they made bitcoin "safe" to invest in.

They'll fail.

This will be epic.

The Fed is dead.
#fedisdead

now rich people easy to make money. just say something then it will make everybody do the thing they say

at least take it from previous experience if everyone has said price manipulation and buy media whenever bitcoin price can go down and big guys take it cheaply, so i just say it will be beautiful in time

These kind of the whales always do fucking damn things to bitcoin. he bought xbt and locked I don't know why he came and criticise about bitcoin last week. Many world corporates started accepting bitcoin and they planning to invest on ICO, mining, E-commerce and blockchain based security system.

yes. I agree with you. they are nothing more than political actors. maybe more. and they always justify any means to get what they want.

JP Morgan company tries to play a game with cryptocurrency World and society, yet they better be careful since the market is much bigger than they can manipulate with their stupid rumors and accusations.

yes, they are nothing more than clowns showing a joke. I guess that's them, I agree with what you say. let's laugh for them.

I'm glad Jamie Dimon got reported, but I think you are all looking at this wrong...

JPM trades on behalf of their customers... they aren't stupid enough to publicly manipulate the market and then buy a derivative of that market in order to profit. I think we both know the fines, PR nightmare, & court fees would easily dwarf any profits they've gained from doing so.

It's not market manipulation to have an opinion about something. We see it happen with short sellers all the time, they will put in a giant position and then annouce they have a giant position and "this is why" causing everyone else to freak out when they realize the pretty picture painted by others has some cracks in it. We've seen that with Enron, Herbalife, Soros and the GBP, John Paulson & the housing crisis, etc etc etc. All of these positions were publicly known & spoken about BEFORE they were ever profitable, and all of them used publicly available information so anyone with the ability to interpret that information could've done the same thing.

It's much more likely they were buying XBT derivatives ON BEHALF OF THEIR OWN CUSTOMERS.

This narrative that they bought on their corporate books is speculation at best until it can be proven otherwise... continuing it only makes Bitcoiners look dumb as fuck for not having even the slightest idea how a true investment bank functions.

Please stop mindlessly regurgitating things you've read and do a bit of research for gods sake.

Interesting article. Are there any other major players in the investment banking industry doing the same? I haven't heard of any yet but surely more to follow

These days I think the reason for bashing Bitcoin is to buy them low. Already seen many instances like this and what JP Morgan did was nothing new. Panic sellers need to understand that if one person or one country goes against bitcoin then it'll not be the end of it.

No he's not


Remember how Dimon and his ilk launder money for their fellow criminals, and never get prosecuted?

Remember how Dimon and his fellow cartel members created dangerous financial instruments that crashed the financial markets in 2008? Remember how they faced no consequences whatsoever?

Remember how Dimon and his protection racket circle have been profiting from inflating asset prices (with an inflated money supply), the effects of which are yet to be felt in the wider economy, as the market price of the inflated assets hasn't yet corrected? (which won't happen before the money supply has stopped being inflated)
 

Do you actually remember (or did you ever know) any of the various reasons for Bitcoin being created in the first place?

There they go again. They are dipping it again because the recovery was too fast and strong, they need cheaper coins and they to accumulate the most important asset of all times before someone else does it before them. They understand it, and they will not let you keep your BTC. All the weak hands will get shaken and they will collect all of it at your expense.

1 BTC=1 BTC, and they will make you handle them your BTC by temporarily lowering its price against fiat, only to see the inevitable rise later on.

Hello,

And one more billionaire man Ray Dalio called Bitcoin as a bubble. What is that? One more bad news linked
to cryptocurrencies from world known gnome to begin down "rally" for the Bitcoin? There are a so many negative
characteristics from financial magnates now.

kevin.

     

It may not be CEO themselves buying as it can be the customers manually select their buying with JP morgan platform. However the funny thing is that if you really view something as risky and worthless as you said, would you be including that options for purchases in your platform? I believe that jp morgan also know about the potential and how impossible for them to shut down bitcoins so they have to ride the wave with it.

sneaky guys, creating a dip and then buying.

When you plan to do something that only you know that would influence stock prices, it is usually connected to insider

trading. You should add this to JP Morgan's list of fraudulent actions that they have been guilty of over several years. They

are untouchable, because they have the governments in their pockets.

http://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase  

this is sad, to think that people like this can infleuence and manipulate the market to their own gain. these people know that if they say the right or wrong thing they stand to make profits off the back of small people trying to get ahead. its a pity that we cannot get the message out to all crypto users to totally ignore this person in future.

It clearly shows how 1% of the top 1% manipulates the whole wide world's money. The CEO even made example of his daughter who's into bitcoin. They will do everything to capitalize in this opportunity.