JP Morgan CEO Jamie Dimon Is Right That Bitcoin Is A Fraud, But Doesn't Know Why

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ShelbyGT500
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JP Morgan CEO Jamie Dimon Is Right That Bitcoin Is A Fraud, But Doesn't Know Why

Postby ShelbyGT500 » Mon Sep 18, 2017

"Bitcoin is a fraud because, much like government money, it has no fixed value. Because it doesn’t it’s become an investment, or a speculation, as opposed to a measure that facilitates trade and investment. Sorry Bitcoin enthusiasts, your coin is not money. Money is a stable measure, while Bitcoin’s value bounces around. While some are free to view it as a refuge from the U.S. Treasury and other monetary authorities, it’s incorrect to call it money. Dimon is again half right. He’d be 100% right if he acknowledged that the dollar similarly has fraudulent qualities for its value – like that of Bitcoins – constantly moving around."

https://www.forbes.com/sites/johntamny/ ... 7d5e674eea
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t458
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Re: JP Morgan CEO Jamie Dimon Is Right That Bitcoin Is A Fraud, But Doesn't Know Why

Postby t458 » Mon Sep 18, 2017

ShelbyGT500 wrote:"Bitcoin is a fraud because, much like government money, it has no fixed value. Because it doesn’t it’s become an investment, or a speculation, as opposed to a measure that facilitates trade and investment. Sorry Bitcoin enthusiasts, your coin is not money. Money is a stable measure, while Bitcoin’s value bounces around. While some are free to view it as a refuge from the U.S. Treasury and other monetary authorities, it’s incorrect to call it money. Dimon is again half right. He’d be 100% right if he acknowledged that the dollar similarly has fraudulent qualities for its value – like that of Bitcoins – constantly moving around."

https://www.forbes.com/sites/johntamny/ ... 7d5e674eea


I totally agree with the arguments, both of them.

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skylersfriend
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Re: JP Morgan CEO Jamie Dimon Is Right That Bitcoin Is A Fraud, But Doesn't Know Why

Postby skylersfriend » Mon Sep 18, 2017

Don't think of me as a cynic; I am an optimist with experience!
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“In finance, everything that is agreeable is unsound and everything that is sound is disagreeable.” Winston Churchill

The year 2017: Where words and ideas are considered too hateful to be said,
while riots and assault are considered too peaceful to be prosecuted.

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SilverDoge
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Re: JP Morgan CEO Jamie Dimon Is Right That Bitcoin Is A Fraud, But Doesn't Know Why

Postby SilverDoge » Tue Sep 19, 2017

skylersfriend wrote:Interesting link:
https://www.wsj.com/articles/bitcoins-w ... 1505760623


Congratulations to the WSJ for being the 166th, and now most recent entry on the "Bitcoin Obituaries" list which will continue to grow in infamy as these authors are proven wrong yet again, and again, and again, and again and 161 more agains.

https://99bitcoins.com/bitcoinobituaries/

What happens first, bitcoin $10,000 or 200 articles declaring bitcoin's death?

:pop:
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Bucketeer
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Re: JP Morgan CEO Jamie Dimon Is Right That Bitcoin Is A Fraud, But Doesn't Know Why

Postby Bucketeer » Tue Sep 19, 2017

I think 200 articles.

A lot of powerful people are scared to death, and the propaganda campaign is going to swing into full tilt.
Gentlemen prefer Engelhard.

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Long John
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Re: JP Morgan CEO Jamie Dimon Is A Fraud And Knows Exactly Why

Postby Long John » Sat Sep 23, 2017

Jamie Dimon and JPM Chase are facing a Market Abuse claim in Europe for manipulating the price of Bitcoin. The charge alleges that he knowingly spread "false and misleading" information to push down the price of BTC. In fact, he doubled down on it late in the week. I guess JPM wanted a bigger BTC position.

http://bitcoinist.com/jp-morgan-chief-j ... in-claims/

This should come as no surprise to those in the precious metals markets, whose silver stacks are worth half of what they should be thanks to Dimon's bank's manipulation.

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Bucketeer
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Re: JP Morgan CEO Jamie Dimon Is Right That Bitcoin Is A Fraud, But Doesn't Know Why

Postby Bucketeer » Mon Nov 13, 2017

Bitcoin is currently $6475. The price of Bitcoin on your post on Sept 18th is:

http://www.businessinsider.com/bitcoin-price-update-monday-september-18-2017-9

Who's sorry now?
Gentlemen prefer Engelhard.


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