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Started By
Message
A market abuse complaint has been filed against JPM CEO Jamie Dimon
Posted on 9/22/17 at 7:19 am
Posted on 9/22/17 at 7:19 am
LINK
I thought you crypto-currency cheerleaders were against government and securities regulation?
Does anyone seriously think that Jamie Dimon purposefully masterminded this grand scheme to pick up a whole 9 bitcoins? (Allegedly, I'm not sure there is solid proof that it was actually JPMorgan that purchased the coins.)
JPM had top line revenue last year of $90bn; bitcoins market cap is $65bn. I can assure this isn't some grand scheme from JPMorgan to scoop up bitcoins cheap.
I thought you crypto-currency cheerleaders were against government and securities regulation?
Does anyone seriously think that Jamie Dimon purposefully masterminded this grand scheme to pick up a whole 9 bitcoins? (Allegedly, I'm not sure there is solid proof that it was actually JPMorgan that purchased the coins.)
JPM had top line revenue last year of $90bn; bitcoins market cap is $65bn. I can assure this isn't some grand scheme from JPMorgan to scoop up bitcoins cheap.
3
Posted on 9/22/17 at 8:18 am to southernelite
quote:
pick up a whole 9 bitcoins
Nine, or you know ninety five like your linked article says.
quote:
Does anyone seriously think that Jamie Dimon purposefully masterminded this grand scheme
No. He just jumped in with his little opinion after the Chinese govt lowered the boom. He came in off the bench at the 1 yard line and scored after the team drove the other 98 yards.
quote:
Allegedly, I'm not sure there is solid proof that it was actually JPMorgan that purchased the coins.)
Apparently the picture was leaked from an insider with access to the institutional accounts.
quote:
I can assure this isn't some grand scheme from JPMorgan to scoop up bitcoins cheap
No you can't. What you could of said is that JP Morgan is in the business of making money and btc at $3k was a great money making opportunity, which it was
quote:
I thought you crypto-currency cheerleaders were against government and securities regulation
If you've read in the big thread, all of us have supported regulation in the current market, specifically ICOs
Posted on 9/22/17 at 8:33 am to Jones
JPMorgan has $2.4 TRILLION dollars AUM.
But yeah, they're taking over crytocurrency with $350k worth of bitcoins.
But yeah, they're taking over crytocurrency with $350k worth of bitcoins.
Posted on 9/22/17 at 8:36 am to southernelite
quote:
But yeah, they're taking over crytocurrency with $350k worth of bitcoins.
Taking over?
Where is this coming from?
Plenty of the arguments against crypto lately are based off of things that none of us (crypto guys) have said or believe.
Posted on 9/22/17 at 8:47 am to Jones
I'm a member of several groups on Facebook of crytocurrency traders to get a feel for them. I know what is and isn't said about crypto-currencies.
I've read a lot about how these guys think Jamie Dimon/JPMorgan see crytocurrency as a threat to it's bank.
I've read a lot about the desire for an unimpeded, decentralized market free from the reach of any government or regulatory agency.
I'm not just making shite up here. I'm not clueless. This what people who purport themselves to be "professional" crytotraders believe.
I've read a lot about how these guys think Jamie Dimon/JPMorgan see crytocurrency as a threat to it's bank.
I've read a lot about the desire for an unimpeded, decentralized market free from the reach of any government or regulatory agency.
I'm not just making shite up here. I'm not clueless. This what people who purport themselves to be "professional" crytotraders believe.
Posted on 9/22/17 at 8:54 am to southernelite
quote:
I'm a member of several groups on Facebook of crytocurrency traders to get a feel for them
Lolz.
Posted on 9/22/17 at 9:00 am to southernelite
quote:
I thought you crypto-currency cheerleaders were against government and securities regulation?
to be fair
quote:
The company complaint to Sweden’s Financial Supervisory Authority, stating Dimon violated Article 12 of the European Union’s Market Abuse Regulation (MAR).
don't know how many crypto-bugs on here are living within EU regulatory schemes
Posted on 9/22/17 at 9:05 am to SlowFlowPro
Probably not any, but you don't think that that regulatory body making a ruling wouldn't cause other agencies to perk up?
Posted on 9/22/17 at 9:13 am to southernelite
i don't think the EU's insane regulations have much of an effect on US regulations
they also LOVE targeting American companies for being better than what the EU can produce. Google just got hit but they've been doing it since the 00s with Windows
they also LOVE targeting American companies for being better than what the EU can produce. Google just got hit but they've been doing it since the 00s with Windows
Posted on 9/22/17 at 10:09 am to SlowFlowPro
What is kind of interesting to me is the fact that Chase already has its own "currency" based on the faith and credit of the company.
So crypto isn't really that far of a stretch from what normal folks take for granted every day, it just has some other things going on with it that make it difficult for folks to understand. Which is a barrier even Chase's currency deals with but not to the same extent.
And yes, I realize the technology behind the currencies is completely different. I'm just talking about the psychology of it.
So crypto isn't really that far of a stretch from what normal folks take for granted every day, it just has some other things going on with it that make it difficult for folks to understand. Which is a barrier even Chase's currency deals with but not to the same extent.
And yes, I realize the technology behind the currencies is completely different. I'm just talking about the psychology of it.
Posted on 9/22/17 at 10:27 am to southernelite
I feel bad for all the dipshits that didn't sell their bitcoin in August.
It is only going to get worse as governments crack down on cryptos
It is only going to get worse as governments crack down on cryptos
Posted on 9/22/17 at 10:59 am to Burt Reynolds
It's certainly not the get rich quick scheme where they think they're onto something no one else is. They'll say that's not it, but that's exactly it.
Posted on 9/22/17 at 11:29 am to Jones
Laugh if you want. Many of those groups are GOLD when it comes to psychological and change of order flow indicators.
A source like that can be very profitable if you know what to do with it.
A source like that can be very profitable if you know what to do with it.
This post was edited on 9/22/17 at 11:33 am
Posted on 9/22/17 at 11:38 am to JLivermore
You kind of made my point for me.
Elite is using these people as his source of information and you are saying they are complete imbeciles
Elite is using these people as his source of information and you are saying they are complete imbeciles
Posted on 9/22/17 at 11:41 am to Jones
I think we interpreted what he was saying about the groups differently.
I thought he was fading the imbeciles?
If so yes, that can be very profitable.
I thought he was fading the imbeciles?
If so yes, that can be very profitable. This post was edited on 9/22/17 at 11:43 am
Posted on 9/22/17 at 11:53 am to JLivermore
Hmm. I took it as he reads these FB groups and kind of leaves it at that.
I laughed at it because he is taking stuff off of facebook groups and applying it to the posters in the crypto thread. We have a good amount of people in the thread and not one person has posted anything like he is saying, but because some lunatics on a facebook group said it, it must apply to us.
But yea I imagine some people do capitalize off those people
I laughed at it because he is taking stuff off of facebook groups and applying it to the posters in the crypto thread. We have a good amount of people in the thread and not one person has posted anything like he is saying, but because some lunatics on a facebook group said it, it must apply to us.
But yea I imagine some people do capitalize off those people
Posted on 9/22/17 at 12:12 pm to southernelite
I made a frick ton of money off cryptos last year and first two quarters of this year.
Glad I sold everything before the Chinese news
Glad I sold everything before the Chinese news
This post was edited on 9/22/17 at 12:13 pm
Posted on 9/22/17 at 12:27 pm to Burt Reynolds
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