A couple of weeks ago, we have seen the price of Bitcoin hit $5,000 USD. Then this past week we have seen the price dip all the way down to below $3,000 USD in some markets.
There have been a few negative news in the crypto space that had an effect on the markets. China is cracking down on regulations with crypto-currency and banned ICO's along with BTC China closing down.
JP Morgan looks like they got in on the action.
Just recently news.Bitcoin.com reported on JP Morgan executive Jamie Dimon calling bitcoin a “fraud” and claiming he would fire any employee from his firm who traded the digital currency for being “stupid.” Now it seems JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin.
That's Wallstreet for you.
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Bought the dip, as usual ;)
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J.p Morgan for the win, dude deserves a scout medal in market manipulation
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lol buy the dip! good one
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hehe thanks :P
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Great post! Upvoted and Followed. Here's the REAL reason he specifically called Bitcoin a "Fraud" (NOT just wanting to drop the price and NOT reported elsewhere) a 30-second read:
https://steemit.com/bitcoin/@thoughtchain/why-jamie-dimon-specifically-used-the-word-fraud-to-describe-bitcoin-not-just-to-drop-price-and-not-reported-elsewhere
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Doesn't surprise me! Why would they but at 5000 when all they need to do is create FUD? 🤥
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Always buy the dip. That's the general consensus, right? 😎
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Nice title!
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Yes, I heard what JP Morgan did after Dimon called fraud. They do, "order out of chaos."
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Interesting Article!
I just wrote a post on the same topic:
Jamie Dimon is a liar, a fraud and in his own words: "stupid" - Did he intentionally manipulate Bitcoin market?
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