From Bitcoin.com
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.Read more: https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/According to public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought roughly 3M euro worth of XBT note shares. Interestingly after the recent regulatory crackdown in China, and the statements from JP Morgan’s senior executive Jamie Dimon talking trash about bitcoin, his firm bought the dip on September 15. In fact, out of all the companies on the list, like Goldman Sachs and Barclays, the JP Morgan team of buyers purchased the most XBT notes.
Well it would seem I was wrong in my previous post for calling Jamie Dimon ignorant. He's not ignorant, he's an evil douche bag talking shit to drive down the price and get his traders a good deal.
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Yea. But the news is half right. It was one of their "securities" and they were "shares"
Sure, the firm got a portion of the sell, but it really wasn't Dimon himself purchasing any bitcoin.
He is a douche, yes lol . . but the reports aren't entirely accurate.
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Royal assholes... Goldman Sachs + JPMorgan + China + Media outlets have a deal going?
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JP Morgan has many interests in China. A classic big bank manipulation.
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Yeah, this would be awesome if it were true... but sadly it is not.
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😆 ... Salty get...
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lol Jamie Dimon is such a fucking hypocrite it's disgusting
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They do not want to lose control, they want to take the power about cryptocurrencies and they do everything for It.
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Bet you won't hear that from the useful idiots at the financial news media. At least some on Wall Street are honest enough to admit it's the future. I wish one of the major networks would expose this JPM trade and ask Jamie if he's going to fire that trader or traders.
Piece of shit should be in prison for his 8th year or so by now for his role in the financial crisis. Someone should send this proof to news media just to see if they'd run it or ignore it.
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They shock the market by saying its a scam only to create the environment for better buying conditions for themselves. This will be repeated constantly in crypto by many banks. Don't be surprised about it moving forward. When they say something negative it means they are buying, otherwise they say nothing.
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This could not be more fake
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I wrote a similar article.
This also applies to the news of the stock exchanges in China, but eventually it will be the result of the Chinese government's control.
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Like China, but on a smaller scale, these assholes try to bring the price down with these bullshit "news" so they can stockpile later... corrupt to the core, every one of them
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Absolutely. Agree with this 100 percent. And this isnt the first time they have done it. Nor the last. I hope that people can at least realize this and not buy into all the fUD.
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Wow lovely post... I did the same blog some few hours ago.. I think you need to check out my post @jakemore. Bitcoin is there future. Thanks
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This post has received a 13.93 % upvote from @booster thanks to: @contentjunkie.
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Very informative post. Thank you for sharing your knowledge.
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Thing is, this tactic ain't new! It dates back to the same tactic the Rothschilds (namely Nathan) used to build their global empire by manipulating the British stock market in 1815 by deceiving traders by selling British bonds in lump sums creating a snowball effect where other traders thinking the British were losing the war to Napoleon began selling too thinking France was winning…
As a result the bond price plummeted causing an economic crash in Britain. Once that happened Nathan went and bough all the bonds back at a ridiculously crazy low price enabling them to own the Bank of England. Once news for got out the British in fact won the war, Nathan made a sizable profit!!
They simply were able to play on the naivety of folks that are even in the Crypto realm to "panic" and dictate the drop of alt coin prices so they could go in and purchase while low. And now with the price rising, they're seeing madd gains. MORAL OF THE STORY: diversify! Even in our skepticism about crypto, we should be investing "something". You'll thank yourself later!
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See the full rankings and details in The Daily Tribune: Sep 17 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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This post has received a 9.48 % upvote from @bellyrub thanks to: @contentjunkie.
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