What Jamie Dimon Got Wrong About Bitcoin and Tulips
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What Jamie Dimon Got Wrong About Bitcoin and Tulips
What Jamie Dimon Got Wrong About Bitcoin and Tulips
The problems cryptocurrencies help solve will not disappear if their prices collapse the way tulip futures did in the 17th century.
https://www.bloomberg.com/view/articles ... and-tulips
The problems cryptocurrencies help solve will not disappear if their prices collapse the way tulip futures did in the 17th century.
https://www.bloomberg.com/view/articles ... and-tulips
See crook!!!
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- Raven
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Re: What Jamie Dimon Got Wrong About Bitcoin and Tulips
From the link:
"Asking a bank CEO what he thinks of bitcoin is like asking the head of the post office what he thinks of e-mail."
Exactly.
But his tactic worked, didn't it? The price of bitcoin fell so that now he and his buddies can scoop them up cheaply before the next price rise.
"Asking a bank CEO what he thinks of bitcoin is like asking the head of the post office what he thinks of e-mail."
Exactly.
But his tactic worked, didn't it? The price of bitcoin fell so that now he and his buddies can scoop them up cheaply before the next price rise.
- phuketrichard
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Re: What Jamie Dimon Got Wrong About Bitcoin and Tulips
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: What Jamie Dimon Got Wrong About Bitcoin and Tulips
Jamie Dimon Faces Market Abuse Claim Over "False, Misleading" Bitcoin Comments
by Tyler Durden
Sep 21, 2017 10:56 AM
A week after Jamie Dimon made headlines by proclaiming Bitcoin a "fraud" and anyone who owns it as "stupid," the JPMorgan CEO faces a market abuse claim for "spreading false and misleading information" about bitcoin.
Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimon's panicked outburst with regard the 'fraud' that Bitcoin's 'tulip-like' bubble is. To paraphrase:
"It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. It’s going to get somebody killed. I’ll fire anyone who touches it."
One week later, an algorithmic liquidity provider called Blockswater has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin.
The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company's chief executive. Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation".
It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JPMorgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements (as we detailed here), which Schweitzer said "smells like market manipulation".
Read on
http://www.zerohedge.com/news/2017-09-2 ... n-comments
Seems you were right UT.
by Tyler Durden
Sep 21, 2017 10:56 AM
A week after Jamie Dimon made headlines by proclaiming Bitcoin a "fraud" and anyone who owns it as "stupid," the JPMorgan CEO faces a market abuse claim for "spreading false and misleading information" about bitcoin.
Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimon's panicked outburst with regard the 'fraud' that Bitcoin's 'tulip-like' bubble is. To paraphrase:
"It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. It’s going to get somebody killed. I’ll fire anyone who touches it."
One week later, an algorithmic liquidity provider called Blockswater has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin.
The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company's chief executive. Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation".
It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JPMorgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements (as we detailed here), which Schweitzer said "smells like market manipulation".
Read on
http://www.zerohedge.com/news/2017-09-2 ... n-comments
Seems you were right UT.
See crook!!!
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Re: What Jamie Dimon Got Wrong About Bitcoin and Tulips
Nice one.
And Jamie Dimon doing his job:
And Jamie Dimon doing his job:
- phuketrichard
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Re: What Jamie Dimon Got Wrong About Bitcoin and Tulips
New forum for bitcoins and mining
https://gunthy.org/index.php
https://gunthy.org/index.php
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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