Truth behind JP Morgan's CEO comment about Bitcoin - page 2.

virasog

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Leading Crypto Sports Betting & Casino Platform

Quote from: affigne on September 17, 2017, 11:27:40 AM

Hi everyone! I've been thinking on ways of learning and teaching about bitcoins and cryptocurrencies, and can't come with a better idea than prompting you, the bitcointalk community, to participate in polls about the cryptoworld, so everyone can vote and post their opinion on the subject.

Hope I can count on you guys for this.

So, here's the first poll I'm doing, and it has to do with JP Morgan CEO, James Dimon, and his comment about how bitcoin and the tulip bubble are similar, if not, the same, and how it was a big fraud as well.

Let me know your opinion on the matter.

What are you based at information on? Where do you get your information from? How are you making this statement with any sort of proof? These are the questions that people have to ask these are the questions that have to be asked in order for the rumor mill to stop pushing information wrong direction. Everyone knows what JP Morgan's CEO commented earlier and than later about bitcoins.

waru96

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finally they have some btc on theier hands

i287853

member

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I am quite confused about his comments. His company is behind and is supporting ethereum, a decentralized computing network that uses a blockchain which is also the same structure and principle as bitcoin. He says that bitcoins is fraud but stated that her daughter purchases it. Why would you even let your daughter invest into something if you think its fraud?? His comments baffles me.

iram1011

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Quote from: Pamadar on September 18, 2017, 11:33:26 AM

Quote from: iram1011 on September 18, 2017, 11:30:45 AM

He has already played his game very well and must be sitting over a billion profit today!

funny for those who's crying right now because of believing from this man's statement and afterwards realizing that this guy only trick most of those
weak holders allowing to crashed bitcoin credibility and making a huge issue so people will be afraid losing their investment as a whole so they sell
their coins.

These banks are best at this.

tiggytomb

legendary

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It's a strange one, saying that bitcoin is a fraud and will soon be closed is crazy speak and gives the impression that he does not know much about bitcoin.

Is this just a facade to make people think the banks are clueless when in fact they are more clued up then most?

I suggest it was a clever move to see how their influence effects bitcoin and of course to buy a large share in the overall supply.

Pamadar

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Quote from: iram1011 on September 18, 2017, 11:30:45 AM

He has already played his game very well and must be sitting over a billion profit today!

funny for those who's crying right now because of believing from this man's statement and afterwards realizing that this guy only trick most of those
weak holders allowing to crashed bitcoin credibility and making a huge issue so people will be afraid losing their investment as a whole so they sell
their coins.

vipgelsi

legendary

Activity: 1736

Merit: 1001

Most of the big shots do not like Bitcoin because they didn't buy it cheap. They do not want average people to become rich quick when there wealth took years.

iram1011

hero member

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He has already played his game very well and must be sitting over a billion profit today!

affigne

full member

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Writting/Translations EN-ES available HERE!

Thank you all for your opinions and votes. As it goes, it seems that Dimon is pretty much aware, not only of the volatility of the market, but the fear and expectation cryptocurrencies generate in general. For me, tho I'm in this cryptophenomenon since 2016 (yeah yeah a bit late), I'm still reluctant to do a leap of faith cuz there's A LOT to learn about it before (blockchains, ICO's, AltCoins, Impact on the world, etc). So, I kind of understand when people hear or read a public or powerful figure like him making negative comments and then take the next stop to exit the cryptotrain. Even tho he already has a record of doing such things to profit.

Baser

sr. member

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James Dimon is a complete speculator. He made a lot of money.
And he certainly knows his influence and the market volatility of coin money and wants to make a profit on it.I voted for this.

lighpulsar07

sr. member

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well i voted "He knows about his influence and coin market volatility and wanted to profit on it" because after his comment and the china's ban in exchanging virtual currencies caused negative impact on bitcoin and caused price crash the company JPmorgan bought bitcoins as we see on twitter and news websites. and my opinion to that is dimon is getting desperate to make that comment and doing the opposite.

layoutph

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The correct answer is #3, Mr. J Dimon is a bitcoin investor and he knows his financial influence in the market. If Bitcoin is fraud then why JP morgan has a huge purchase of Bitcoin? Sounds fishy.

MSZCoin

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Revolution

Bye bye FED Cheesy

yugyug

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JP Morgan's MR. Dimon knows the potential of bitcoin and admired the technology behind it - the blockchain. They even created their own decentralized platform on a blockchain based technology- the Quorum. As an influential person he knows when to manipulate the market and buying a good investment position in bitcoin. Mr. Dimon's fallacy has a greater advantage to bitcoin long term holder, buy low, buy low , buy low and sell high later.

rjbtc2017

sr. member

Activity: 322

Merit: 252

Quote from: affigne on September 17, 2017, 11:27:40 AM

Hi everyone! I've been thinking on ways of learning and teaching about bitcoins and cryptocurrencies, and can't come with a better idea than prompting you, the bitcointalk community, to participate in polls about the cryptoworld, so everyone can vote and post their opinion on the subject.

Hope I can count on you guys for this.

So, here's the first poll I'm doing, and it has to do with JP Morgan CEO, James Dimon, and his comment about how bitcoin and the tulip bubble are similar, if not, the same, and how it was a big fraud as well.

Let me know your opinion on the matter.

Apparently, i think it was a strategy made by JP Morgan and Dimon to create a mass panic alongside with the massive mainstream media reports about how bitcoin could be a big fraud. It is really disappointing and unimaginble the they need to that to lower the value in order for them to buy at low price. It is a smart move to decrease the number of weak hands that holds bitcoins.

crismass1225

member

Activity: 98

Merit: 10

Dimon can walk the talk like bill gates interviewed before. Dimon know what he was saying and he knows the capability of bitcoin and other crypto currency that his business was threaten by the outgrowing popularity and price of bitcoin for short and long term process. But as one of a big name in wall street every words that he say when it comes to financial economic market are very powerful that he can influence many people to believe in his words. Thats what happen after he was interview which is the price of btc was down to 5% and later on to 10% in accordance with chinas decision ....

An0nyMoose

sr. member

Activity: 490

Merit: 255

How it works:

1) Become CEO of major bank
2) spread FUD about something you want to invest in
3) wait til price drops... invest!

Grin

JaredStein

sr. member

Activity: 379

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JP Morgan create FUD and drama only for purpose to buy cheap Bitcoins after. Cheesy

Yakamoto

legendary

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Quote from: affigne on September 17, 2017, 11:27:40 AM

Hi everyone! I've been thinking on ways of learning and teaching about bitcoins and cryptocurrencies, and can't come with a better idea than prompting you, the bitcointalk community, to participate in polls about the cryptoworld, so everyone can vote and post their opinion on the subject.

Hope I can count on you guys for this.

So, here's the first poll I'm doing, and it has to do with JP Morgan CEO, James Dimon, and his comment about how bitcoin and the tulip bubble are similar, if not, the same, and how it was a big fraud as well.

Let me know your opinion on the matter.

The man is probably capitalizing on the speculation due to China and making a statement so he can push the value down just that little bit extra so he can make even more money off of purchasing more and waiting for the value to go up again.

Businessmen are patient, opportunistic and willing to take calculated risks, even better when the risk is as small as it is with Bitcoin. As long as it doesn't collapse, there is a lot of money to be had and it just takes some time to get the value to go up again, something most would say is almost guaranteed to happen. Not really surprising to be honest.

MiF

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Reward: 10M Shen (Approx. 5000 BNB) Bounty

Quote from: NorrisK on September 17, 2017, 12:01:38 PM

Number 1 for sure.

All he wants is to slow down the momentum that bitcoin and crypto was gaining to give them more time to adjust to the future.

Maybe his corporates think that bitcoin and cryptocurrencies are the number one rival of his companies and businesess that is why he want cryptocurrencies down with collaboration with the Chinese. I heard he have some chinese associates if they have Morgan we have already Bill Gates and Warren Buffet.

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