CRYPTO AND BITCOIN THOUGHTS - JAMIE DIMON IS A CUNT EDITION
Coin Telegraph
GOOD MORNING STEEMIT!
Well I hope we all survived yesterday's crypto dump. Also lol at using the work dump for a 5% drop while hovering around all time highs.
I know this is crypto and facts don't really matter here, but seriously lol.
Anyway, along with the persistent China rumours (which I'm not even going to bother addressing because that country and government are so ridiculously fake), we got this:
BREAKING: JPMorgan CEO Jamie Dimon says bitcoin "is a fraud" that will eventually blow up
Just give me a second here...
Oh man, come on.
This is the same JPMorgan Chase that paid out $13 BILLION... yes, BILLION... in fines and compensation to the U.S. government because it essentially caused the global financial crisis by willingly selling FRAUDULENT credit default swaps to you and me.
Bitcoin was literally created from the shadows that they cast over the entire financial system as we currently know it.
If Jamie Dimon and JPM feel compelled to talk down Bitcoin, this should actually be viewed as one of the most bullish events of the year.
They're worried. And so they should be.
This is barely the beginning!
BTC/USD Daily
I've blogged about why I don't think Bitcoin is in a bubble before and in that post I spoke about the fact that BTC/USD on the daily can pull all the way back to the $3000 level and still be MASSIVELY bullish.
It's scary and shit for you that want money now, but it would actually be a healthy market move and show that Bitcoin is maturing as a market.
Look at the way that price is spiking back up on the daily above though. Maybe the market is already coming to its senses?
BTC/USD 4 Hourly
Zooming into an intraday chart and we've got a nice 4 hourly pin bar that's formed. For now that's just an indecision candle rather than a reversal candle, but it's there none the less.
BTMFD.
I'm actually most pissed off that all this unrelated FUD ruined the QTUM rocket ship launch last night.
Burninggg!
Peace.
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"This is the same JPMorgan Chase that paid out $13 BILLION... yes, BILLION... in fines and compensation to the U.S. government because it essentially caused the global financial crisis by willingly selling FRAUDULENT credit default swaps to you and me."
Excellent point thank you, its important that we remember this type of thing and what they have done to us with their idea of money.
hi l think economy about sometimes live to 2008 coming soon 2018 crysis very big problem...ı know ant l try this time make a stock of money crysis earn money is sure a job :..
Can tulips be transferred, instantly, anywhere around the world within seconds?
No... But do Bitcoins look and smell pretty? :P
The idea Bitcoin can't be an asset because it lacks "intrinsic value" is absurd for this very reason. The "intrinsic value" of one bitcoin is
1/(21*10^6)*XwhereXis the value of the payment network that the btc tokens are part of. Unfortunately, knowing that doesn't change the lengthy price discovery process ahead of us.Great article, it really sums up how many of us feel. - Like Dimon or the government really care about illicit activity in that way! When his call girls only accept bitcoin, he'll come around.
There's a distinct possibility they already do, he's probably simply never asked...
Informative post thanks for sharing 👌
np.
I thought that the code currency including BTC shifted in the future personally because there was the big advantage with the No-mask sex than an existing currency.
But, may the price of BTC be too high? Because there was it again.
When I compared it with other coins, the ability of BTC is because it is not high at all.
May a fair evaluation for the performance of the coin become the price of coin including other coins in future as well as BTC?
I think so.
I use translation software. If there are incomprehensible expression, wrong expression, I am happy if you can point it out.
Great post thank for share
a very good post. thank you for sharing the story, success is always my friend! I want to like you post. But not yet. Guide this friend!
There's an upvote arrow at the bottom of the post. Click it.
Regarding Jamie Dillon, I think this meme explains it best (didn't make it, just found it)
Amen @forexbrokr, Amen
@forexbrokr This is actually some amazing work!.