Don't Do What Dimon Does
Don't Do What Dimon Does
Seems Dimon may be in trouble for "market abuse" in Sweden now because of his "remarks" being perfectly timed with a fall in bitcoin price and his company JP Morgan buying Bitcoin during that dip. You can read more on this story at Bitcoin.com here.
I think I have made my thoughts about such declarations pretty clear in the past what surprises me is that some people still seem to panic sell based on these kind of bullshit "opinions".
Suffice it to say you should not trust people who stand to benefit from these kind of announcements. They are likely profiting off your fear.
(N.B. Meme image taken from Bitcoin.com article).
buy the dip. thanks for sharing
Yes. You're welcome.
In so much trouble:
https://news.bitcoin.com/jamie-dimons-bitcoin-statements-reported-as-market-abuse-in-sweden/
yeah, that's the problem right there with cryptocurrency speculation. The US Fed has to be very circumspect in any declarations, but Bitcoin is sort of like the Wild West. Any one who appears to be someone can sway the gullible.
Yes exactly. It is a double edged sword in that sense.
It is almost like when the Rothschilds(I think it was them) spread a rumor about a competitor bank going bankrupt causing masses of people taking their money out of the bank, lying to the masses to make yourself rich
It was basically what started the great depression, well it happened just before the great depression.
How am I not surprised.
I didn't know about that. I will need to read upon it thanks!
Oh nooooo its siiiinking! Please stop lol Dimon is part are the fraud that inspired the creation of bitcoin in the first place. I can see why he doesn't like it very much. When btc hits 10k I hope he cries himself to sleep
Not if they (JP Morgan) keep buying when it dips.
Jamie and the entire banking system is the FRAUD! I knew this shithead was playing the market and used the downdraft to buy buy buy ! Jaime can go to HELL HELL HELL
Even if not it is very convenient to say that Bitcoin is a fraud. Since that "fraud" will replace their "fraud".
Bankers are worried that their fait bullshit will ACTUALLY BE WORTHLESS. Its really just history. EVERY single national currency has failed. ............EVERY SINGLE ONE THE USD IS NEXT> BUY BITCOIN STEEM LITECOIN DASH ETHER PAY GNT SELL USD
Exactly.
Jaime Dimon should have been in prison from the massive financial fraud and lies that he committed back in 2007/8.
Instead he received billions of dollars of tax payers money to bail him out so that he can just carry on commiting his fraud for the next 9 years.
He is one of the reasons for Bitcoins invention and the massive boom in popularity in the last 12 months due to lack in confidence in Dimon and the dollar at the minute.
Yes.
Thanks for sharing.
I personally think them market rallies and dips are "avalanche" effects. There is so much uncertainty around at all times that the smallest bit of news can turn the the tides. China announces ban on crypto (now even miners apparently!) and Dimons calls it a scam - people sell in anticipation of a dip. Then more people follow to buy back cheaper. Then people panic and the price crashs 50%. Same works the other way round.
So my point is, I don't think people really sell because of Jamie Dimons and co., I think most are just traders who take advantage of news like this, triggering an intended panic sell-off.
Yes you may well be right.
I just wonder if the fact that he did that got exposed on main stream media over here like on CNBC and all that. They should put him on the spot and grill him over it and see him squirm on TV.
Yes they should but those kind of situations are rare these days.