According to me he has made that statement just to see a drop in Bitcoin's price and to annoy Bitcoin users.
May be he himself wants some bitcoin but doesn't wanna buy it at a high price.
Topic: JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' Whats your take? (Read 936 times)
September 13, 2017, 11:09:28 AM
September 13, 2017, 10:45:14 AM
As we know, Jamie stated Bitcoin is a "Fraud"
This statement causes Bitcoin initially break its support level and go below $4,000
...
This statement causes Bitcoin initially break its support level and go below $4,000
...
I don´t believe that the price decline of today is caused by Jamie Dimon´s statement at all.
Celebrities and politicians have called bitcoin a fraud in the last years multiple times and
this didn´t have any noticeable impact on the markets.
Besides, it is telling that one of the profiteers of the current financial system is
the source of this negative opinion towards Bitcoin.
September 13, 2017, 10:40:59 AM
lol fuuuuckkk himmm
September 13, 2017, 07:52:01 AM
that's a joke, but seriously, I think JPMorgan should launch its own ICO on blockchain!
September 13, 2017, 07:43:58 AM
American banks have not yet completely failed because they received US public money after the subprime crisis. They are private banks but live through public money. and public money is the huge American debt that is getting bigger. The world economic system is a fraud and is about to explode all over soon. for this reason, cryptos have a great future.
September 13, 2017, 07:38:20 AM
Miss Dimon, the CEO's daughter just did fraud in his face!
JPMorgan can do fraud legally, but there is no one law fits all for Internet.
So you can not call it a fraud in your own USA concept.
He can talk the price down, but I bet his daughter and other relatives are buying ...big. That's how to do fraud as a human being!
It is not something he has control of, so investors in JPM should tall him off so he can concentrate in his job more.
JPMorgan can do fraud legally, but there is no one law fits all for Internet.
So you can not call it a fraud in your own USA concept.
He can talk the price down, but I bet his daughter and other relatives are buying ...big. That's how to do fraud as a human being!
It is not something he has control of, so investors in JPM should tall him off so he can concentrate in his job more.
September 13, 2017, 07:30:45 AM
When JPMorgan unlawfully caused subprime crisis a decade ago, that was a fraud too
September 13, 2017, 07:15:18 AM
Bitcoin is huge and can't be manipulated by just a few people.
So, it's really a headache for people controlling the world monetary.
So, it's really a headache for people controlling the world monetary.
September 13, 2017, 07:14:32 AM
JP Morgan and big banks are a fraud
September 13, 2017, 07:10:55 AM
Read the whole post but the thing i would like to quote is :
Quote
Dimon predicted big losses for bitcoin buyers. “Don’t ask me to short it. It could be at $20,000 before this happens, but it will eventually blow up.” he said.
So Dimon himself think it can rise to 20,000$ wow, even his daughter claims to have invested in Bitcoins what a mixed culture family. September 13, 2017, 07:04:38 AM
JP Morgan have their own blockchain stuff going on so calling bitcoin a fraud is just stupid. If anyone is a fraud surely it would be the banks as they are the ones ripping people off and then having the people bail them out when they can't mange their business.
That's why he said it - if they discourage people from using the decentralised bitcoin network, then it's back to using propritary networks owned by the banks (using blockchain technology!)
September 13, 2017, 06:56:35 AM
I think this statement they are trying to raise a panic that they have, in principle, a good work out.
September 13, 2017, 06:55:21 AM
He is buying bitcoin now 
They don't like bitcoin because they can't direct bitcoin. I don't think so but maybe they think bitcoin gonna be a threat for them.
They don't like bitcoin because they can't direct bitcoin. I don't think so but maybe they think bitcoin gonna be a threat for them. 
September 13, 2017, 06:53:47 AM
Just another price speculation news, why you guys even bother about this one? He is against bitcoin already for a long time and price is still going up.
Don`t worry about such non-sense words, price will recover soon
Don`t worry about such non-sense words, price will recover soon
September 13, 2017, 06:44:07 AM
Never trust any bank.
Actually, it is funny. No matter what any financial guy says or tells you, it is probably the opposite or at least an angle to make money. That is how they work. You can only recognize his motives and make some money out of it. I bet they already bought BTC in the recent drop. Those panic sales are idiotic yet again, but good for people who are able to buy stuff. I am buying at least. People are sheep who freak out after the slightest news. And this guy is a wolf who makes money from idiots.
Actually, it is funny. No matter what any financial guy says or tells you, it is probably the opposite or at least an angle to make money. That is how they work. You can only recognize his motives and make some money out of it. I bet they already bought BTC in the recent drop. Those panic sales are idiotic yet again, but good for people who are able to buy stuff. I am buying at least. People are sheep who freak out after the slightest news. And this guy is a wolf who makes money from idiots.
September 13, 2017, 06:37:00 AM
did he not say he would fire any employees involved with btc?
that alone is very telling and smacks of fear....
lol at btc being a fraud and his fiat dirt made out thin air isn't
that alone is very telling and smacks of fear....
lol at btc being a fraud and his fiat dirt made out thin air isn't
September 13, 2017, 04:23:03 AM
Who knows? Maybe himself bought some bitcoin as the price is down now. His daughter bought some...
He just want to protect the banking system and his job. Making loan is also fraud...
He is manipulating the market by saying that. He knows that some people will listen to him so he can buy some bitcoin when the price is low.
It is maybe a secret code to say that it is the time to invest in bitcoin?
He just want to protect the banking system and his job. Making loan is also fraud...
He is manipulating the market by saying that. He knows that some people will listen to him so he can buy some bitcoin when the price is low.
It is maybe a secret code to say that it is the time to invest in bitcoin?
September 13, 2017, 03:53:04 AM
Whales always falls price with speculation before buying. This stupid guy is trying to fall btc price cause they are going to enter btc funding.
Never follow these idiots. They wanna make huge profits with buying cheap btc.
All these rumors is a sign for a hike of btc price
Never follow these idiots. They wanna make huge profits with buying cheap btc.
All these rumors is a sign for a hike of btc price
September 13, 2017, 03:33:03 AM
I had this news pop up in my feed and wasn't amazed that JP Morgan called out Bitcoin to be a fraud. They have their own blockchain technologies ongoing and anything above in the chain is clearly head on competition for them.
This isn't the first time someone is calling out BTC to be a fraud and it definitely won't be the last. It's the people's decisions to invest and use the system which is as transparent as glass, open source and most importantly secure.
This isn't the first time someone is calling out BTC to be a fraud and it definitely won't be the last. It's the people's decisions to invest and use the system which is as transparent as glass, open source and most importantly secure.
September 13, 2017, 03:18:43 AM
Banks make so much money from the status quo. Of course, they don't want any innovation
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