They will learn it the hard way like many others
Topic: JPMorgan is launching its own cryptocurrency (Read 392 times)
JPMorgan coin.....they will return buying Bitcoin later on.
They will learn it the hard way like many others
They will learn it the hard way like many others
Before they said this they were speaking that Bitcoin and everything related to crypto is fraud, now they say this "Cryptocurrency was supposed to replace banks in the long run". Never liked the at all but This could influence in current price on market, they are good on what they do after. Or this could be some marketing trick for JPM for there own blockchain platform. As they say it will be backed up with diamond and gold but if will be only for business customers.
Not many lines or articles are online for the moment but hopefully it will be in next few hours or days
Not many lines or articles are online for the moment but hopefully it will be in next few hours or days
Backed up with diamond and gold or whatever, controlled or centralized cyrptos will be worst, the own blockchain will kill the concept of cryptos. I hope it will not going to capture public attention.
I don't appreciate the idea and specially this one.
As they say it will be backed up with diamond and gold but if will be only for business customers.
I hope it's mineable and not some generic premined shitcoin again. XRP are highly regulated crypto, and it's also what the liberals capitalism anarchist love a lot, they can control the XRP as easy as controlling Elon Musk Twitter account.
They even said that it's going to be used by consumers one day.
I guess his users are going to be their customers who have been using their banking service in the past years. But in reality, crypto people doesn't like him because of the statements he made about bitcoin.
I guess his users are going to be their customers who have been using their banking service in the past years. But in reality, crypto people doesn't like him because of the statements he made about bitcoin.
Have in mind that this is not a typical crypto currency. I wouldn't call it a currency at all. They are issuing a closed, private blockchain that has nothing to do with bitcoins and other alts. It's basically just the technology they used for internal transactions, settlements etc.
A good article explaining difference between private, closed etc.: https://medium.com/coinmonks/public-vs-private-blockchain-in-a-nutshell-c9fe284fa39f
A good article explaining difference between private, closed etc.: https://medium.com/coinmonks/public-vs-private-blockchain-in-a-nutshell-c9fe284fa39f
From 2017 until now, as I can see all activities of JPM alway bring bad effect to crypto market especially when CEO of JPM said that Bitcoin is just shit, a scam thing. After that announcement, I stop believing in JPM. It'll be the same this time, I don't care if they're going to run their own crypto or not, as long as it'll not bring bad effect to crypto market .
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Although they had not made a reverse comment for the technology before, they had made negative comments for Bitcoin. Of course, there was not a long process after this interpretation and they decided to use this system in terms of both speed and economy. Although it is a decision that has no effect for the market at first, we will surely see its various effects in the market in the coming periods. We are the investors of crypto, although J.P. Although we don't like Morgan, there is a real deal in the world markets where there is a serious market share and trading volume.
I do not trust JPMorgan even a bit. So, what if they are coming out with their own cryptocurrency? I am pretty sure they are doing it just to spite XRP. Not that I am a fan of XRP, but oh well.
We have wait about how many investor are interested with JP morgan coin, will be sold out at ICO time or not and checking how their coin condition after selling and open on market, based on ICO price or not,
We will see JP coin travel, I think it is not as easy as in words and requires a lot of support for its progress.
Until how much JP coin is valued if it is entered in exchange, as high as bitcoin or ethereum?
Personally dont like the idea. But they sure want to take this market to control. And from some reading various texts online, name not necessary mean that coin will be success. If he comes out and it will cuz they are currently testing it dont think that will be close to let say litecoin price that is around 45 dollar or coin similar in price like Monero. Think they are hopping to much for this.
I like the idea JP Morgan creating their own coin. More reputable company creating their own cryptocurrency, more attractive cryptocurrency market. More reputable finance industry jump on this market, will increase investor confident and i think i like it
We have wait about how many investor are interested with JP morgan coin, will be sold out at ICO time or not and checking how their coin condition after selling and open on market, based on ICO price or not,
We will see JP coin travel, I think it is not as easy as in words and requires a lot of support for its progress.
Until how much JP coin is valued if it is entered in exchange, as high as bitcoin or ethereum?
Personally dont like the idea. But they sure want to take this market to control. And from some reading various texts online, name not necessary mean that coin will be success. If he comes out and it will cuz they are currently testing it dont think that will be close to let say litecoin price that is around 45 dollar or coin similar in price like Monero. Think they are hopping to much for this.
We have wait about how many investor are interested with JP morgan coin, will be sold out at ICO time or not and checking how their coin condition after selling and open on market, based on ICO price or not,
We will see JP coin travel, I think it is not as easy as in words and requires a lot of support for its progress.
Until how much JP coin is valued if it is entered in exchange, as high as bitcoin or ethereum?
Rosmerius you are right, we will see what will they do. They are strong company and this is not a surprise for me. You will see
very soon some other big companies doing the same, making their own coin or token.
Nobody can speak about collision between their coin and centralized and decentralized exchanges. This is new for everyone,
we will have to wait and see. I think that some will support them and some will not, like it always happen in crypto-world.
No idea how far its true. But yes, expect a popular bank getting into crypto with their own crypto currency. What is their mission behind? All would the business and revenue behind. As crypto market is enlarging, banking sectors are getting into crypto with much care. Good to see a positive move towards crypto from banks.
We have wait about how many investor are interested with JP morgan coin, will be sold out at ICO time or not and checking how their coin condition after selling and open on market, based on ICO price or not,
We will see JP coin travel, I think it is not as easy as in words and requires a lot of support for its progress.
Until how much JP coin is valued if it is entered in exchange, as high as bitcoin or ethereum?
Rosmerius you are right, we will see what will they do. They are strong company and this is not a surprise for me. You will see
very soon some other big companies doing the same, making their own coin or token.
Nobody can speak about collision between their coin and centralized and decentralized exchanges. This is new for everyone,
we will have to wait and see. I think that some will support them and some will not, like it always happen in crypto-world.
We have wait about how many investor are interested with JP morgan coin, will be sold out at ICO time or not and checking how their coin condition after selling and open on market, based on ICO price or not,
We will see JP coin travel, I think it is not as easy as in words and requires a lot of support for its progress.
Until how much JP coin is valued if it is entered in exchange, as high as bitcoin or ethereum?
I don't get it why people have become so obsessed with this news.
JP Coin will be a coin that will help the internal processes of the organization and just that. It will not interact or have all the features that bitcoin has. It is like that people got excited when fortnite game released the V-Bucks feature...
JP Coin will be a coin that will help the internal processes of the organization and just that. It will not interact or have all the features that bitcoin has. It is like that people got excited when fortnite game released the V-Bucks feature...
My confusion now is what is even the difference between a digital currency and cryptocurrency? If this coin have passed for digital current don’t or can’t we say it’s really now a cryptocurency?
Any cryptocurrency is digital by definition, but it doesn't mean that all digital currencies are cryptocurrencies. Here's an analogy. Apples are fruit but not all fruit are apples. Crypto in cryptocurrency refers to the use of public-key cryptography (aka asymmetric cryptography), so if a digital currency doesn't use this kind of cryptography, it cannot be legitimately called a cryptocurrency
If anyone has a different view on this matter, you are welcome to give your perspective
Before they said this they were speaking that Bitcoin and everything related to crypto is fraud, now they say this "Cryptocurrency was supposed to replace banks in the long run". Never liked the at all but This could influence in current price on market, they are good on what they do after. Or this could be some marketing trick for JPM for there own blockchain platform. As they say it will be backed up with diamond and gold but if will be only for business customers.
Not many lines or articles are online for the moment but hopefully it will be in next few hours or days.
If am not mistaken, I read somewhere that JP morgans coin can only be referred to be a digital currency but far from being a cryptocurency. Also, learnt that the coin only operates privately and is only used for money transfers between the lender and its clients and so in this case it would not operate on a public network the way bitcoin or ethereum do.Not many lines or articles are online for the moment but hopefully it will be in next few hours or days.
My confusion now is what is even the difference between a digital currency and cryptocurrency? If this coin have passed for digital current don’t or can’t we say it’s really now a cryptocurency?
We have wait about how many investor are interested with JP morgan coin, will be sold out at ICO time or not and checking how their coin condition after selling and open on market, based on ICO price or not,
JPMorgan launching own their own coin is supposed to be the centralised coin for their commercial banking use but in other sense it is good sense big financial institution entering into cryptocurrency industry
Yes, it will be more centralized but it can help their system to improve. I think a big company like this can gain much attention and this is a great sign for the market to pump. JPMorgan was against cryptocurrency before, but time has come for them to realize it and its good if they will create a great coins. 
JPMorgan launching own their own coin is supposed to be the centralised coin for their commercial banking use but in other sense it is good sense big financial institution entering into cryptocurrency industry
In the end all big players will get into crypto, it's a question of time. Yes they will be centralized, probably something like stable coins, with controlled supply, they are big company they will pay for the best, and I don't doubt that some people will like jp Morgan coin. But I'm not one of them, I hope that people will have power to choose Dapps over centralised projects, I think better future for entire world is behind Dapps. Jp Morgan is just one corporation that is richer every year, where directors make millions while some people don't have nothing to eat. It's time for this corporations to disappear.
JPMorgan launching own their own coin is supposed to be the centralised coin for their commercial banking use but in other sense it is good sense big financial institution entering into cryptocurrency industry
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