✴️ WE GOT SCAMMED!! WAS J.P. MORGAN ONE OF THE BIGGEST BUYERS OF BITCOIN DURING THE CRASH??
“Never trust a person that tries to sell you their opinions... they usually have an agenda ~ Charles Fuchs.
Yesterday I came across something online that really pissed me off... we all heard JPMorgan CEO Jamie Dimon say last week that bitcoin is a 'fraud' and that bitcoin will eventually blow up... "It's worse than tulip bulbs, It won't end well. Someone is going to get killed". 🙄
Dimon even stated that he would "fire in a second" any JPMorgan trader who was trading bitcoin and that "It's against our rules and they are stupid". 😲
Well guess what, I'm not sure if this is facts or fake news but check out what this chart says... Say it ain't so. 🤔
Look who was one of the biggest buyers of Bitcoin ETF's in Switzerland yesterday... J.P. Morgan Securities Ltd. Are You Serious? 😡
Jamie Dimon is a damn slim ball 💩... calling Bitcoin a Fraud! In realty, he knows deep down inside that "Bitcoin" and Cryptocurrency will be the downfall of the banking system in the future.
Here is a quick tip guys, have no fear! Cryptocurrency and Blockchain will be the future in our society, "Keep On Stackin" because by investing now... you will set yourself up for the rest of your life. 💰
So what are your thoughts? Is this "Fake News"?... or do "These Corrupted Bankers" know that Cryptocurrencies will be a huge threat to them and they are preparing themselves now?
Only time will tell but in the meantime, (ABS) Always Be Stackin!
P.S. I had a few people hit me up the last few days asking me what Cryptocurrencies that I'm currently invested in... Stay tuned later today for my top picks.
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There is really no way to know if JP was making these purchases for its own accounts or for clients, but it still reeks that Jamie Dimon was saying bitcoin was a fraud while the bank is clearly in the crypto markets for one reason or another.
I believe this meme is appropriate:
Best Meme of the day 🤣
If you are thinking in long term You won't be afraid!
Totally agree, the saying is"Scared Money, don't make any" :)
That is a very good quote. I learned that the hard way in my early FX trading years. Very valuable lesson.
Oh yes!
Upvoted. If you want to know the REAL reason Jamie Dimon of JP Morgan called Bitcoin a "Fraud" (not what you think) check out this 30-second read: https://steemit.com/bitcoin/@thoughtchain/viral-why-jamie-dimon-called-bitcoin-a-fraud-not-what-you-already-heard
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long term is the best indeed... I read carefully JPMorgan CEO Jamie Dimon statement about Bitcoin,,,, He said that Bitcoin will not crash now but it will crash after it surpasses $22k ,,, which means if he really invested money in Bitcoin during the big dump caused by the fake news about Chinese authorities banning exchanges that means JPMorgan already make a lot of money by the time of writing this comment.
Believe in BTC and dont believe in any asshole ,, the last thing I would like to say is that we are not scammed... I bought BTC at $4200 and I still believe I will make profit,,, all the assholes who made the market crash temporarily in the past 3 days, when they see BTC up to the moon again they will buy in a higher price and soon the demand will be higher 10 times than the supply and you will see BTC around $10k then It will be hard to crash it by some shitty fake news again.
Agreed!... but currently I think we're in a bull trap and will refer the lopes before it pulls back to all time highs, however I may be wrong 😀
YES!
HODL!!!!! I'll see you on my yacht in 2030.
you should have atleast got good selfie :P
TOTALLY!
Just figures don't it?
Sons a Bitches! Resteemed
I couldn't of said it any better 🤣💩
Lol, I am picturing you actually saying that (((OUT LOUD)))
:D
Same here, I had harsher words 🤣
Any statements or news put forth by any financial institution is done so to further a specific narrative for one purpose and one purpose alone, "to make money." The FUD constantly pushed by the financial sector concerning BTC and crypto is general is laughable. They know crypto is the greatest threat they have every faced on one hand, but also know there is great profit to be made and they have the deep pockets to create massive swings in this market while the markets is so small. It's all smoke and mirrors.
Let's the truth be spoken, preach on with that knowledge 🙌🏼🙌🏼
A great buying opportunity, long term 10k+
The time is now... keep on stackin :)
@stackin I have to say it Jamie "DEMON" not Dimon is a SCUMBAG. He knows exactly what lies he Spews. At least we are not Fooled by this CLOWN. He is the PROBLEM and he needs to get what is coming to him. There is a SPECIAL Place for these Devils...........There I tried very hard to keep my comment "PG-17".
All governments and bankers are root of all evil LOL
Everything in life is a risk, making money should be the most beautiful one to take💰
I like those words 🤑
Jamie Dimon be like .........
Wow nice find on JPM buying BTC on that dip! Too bad the pumpers / haters at CNBC probably won't have a word to say about it. Gotta stick to the narrative fed to them by their masters.
Sadly this is nothing new as the big banks and hedge funds have been involved in the manipulation of the price of commodities and many other assets for some time now. A simple google search shows that the likes of JPM, Goldman Sachs and others have been doing this kind of thing for years and have already been investigated and fined over it.
https://www.forbes.com/sites/maggiemcgrath/2014/11/19/goldman-morgan-stanley-and-jp-morgan-named-in-commodity-manipulation-investigation/#372d2131366d
I also suspect they were probably somehow involved in the short squeeze that occurred in oil starting in early 2016 as many of the major players in the futures market (MS, GS, JPM) had acquired massive short positions which helped drive oil down to $26 / barrel. They most likely began to cover them just before or right after the news that OPEC and Russia agreed to cap production (which meant nothing because oil production was already near all time highs). The timing of it was a little bit too convenient as the US stock market was at a critical level of support and was being dragged down by the falling oil price. I suspect there was massive collusion behind the OPEC-Russia news release (Wall street, US govt, other oil producing countries, etc).
Even though the oil market remained just as over supplied as it had been for months, the price of oil doubled in a few months due to the closing of short positions and opening of new long positions which was evident in the CoT (commitment of traders) reports at the time. And after oil had rallied nearly 75%, Goldman sachs "officially" changed its stance from ultra bearish on oil to bullish as reported by our friends at CNBC. I'd wager that they changed their net positioning (from short to long) in the oil futures market months before this piece came out.
https://www.cnbc.com/2016/05/16/oil-prices-jump-as-goldman-sachs-says-market-flips-into-deficit.html
My understanding of the existence of futures contracts was supposed to be so that producers can use them as hedges against price volatility and plan for the medium and long term as far as sales and profits go. But the big banks inevitably got their hands in the proverbial cookie jar and have manipulated prices to their advantage and to the disadvantage of the very business entities that the futures market was supposed to help.
They continue to manipulate markets and get away with it and now they've entered our beloved crypto currency market. This latest stunt involving Bitcoin and Jamie Dimon is just the latest in a long and obvious history of these Wall Street types manipulating whatever they can to make money regardless of the effect it has on anyone else.
The entry of these big players into the crypto market means there will be even more volatility than we have seen in the past and I'm sure they're doing it because they see it as a threat in the future and an opportunity at the present time as they have enough money and clout to move the entire crypto market. I'm glad many people saw this for the hit job that it was and were able to get some cheap coins (myself included) but I hate that some people panic sold and possibly lost money because of Dimon's hit job.
I wonder if Mr. Dimon will fire whoever bought all that bitcoin for his firm as he stated in his shameless rant.
I've followed you and upvoted. Sorry if I got a bit long-winded here (oops) but I really enjoyed reading this post.
This was long but so many facts that the average people need to read about. Comment if the day! 🙌🏼