Jamie Dimon calls BTC a Fraud so The time to buy STEEM and BTC is Now

Crypto-Currency, much like it's rival the FIAT currencies such as the Federal Reserve Note, have value because people associate value with the currency. However unlike FIAT currency, Crypto Currency is backed up by blocks which have to be mined, which takes a massive amount of energy and computing power. So much like currency backed by Gold and Silver, Crypto Currency is backed by blocks which are basically the same thing as having a currency backed by precious metals, hence the skyrocketing value of cryptos since their inception. So it is always a good laugh for me when the criminal banksters like Jamie Dimon call Bitcoin a "fraud", when their banking institutions are running the biggest scam artist obvious ponzi scheme ever designed through the federal reserve and other central banks.

JPMorgan Chase CEO Jamie Dimon took a shot at bitcoin, saying the cryptocurrency "is a fraud."

"It's just not a real thing, eventually it will be closed," Dimon said Tuesday at the Delivering Alpha conference presented by CNBC and Institutional Investor.

The Federal Reserve is "not a real thing" and has been shut down twice for being Unconstitutional. That is the only system that is eventually going to get shut down. Just about everyone is sick and tired of being controlled by a group of psychopathic banksters and their puppets that start endless wars to further engulf nations into debt. Dimon will go on to say Crypto Currencies are going to "get people killed", which is more than hilarious considering the past century of war we have just lived through during which EVERY WAR WAS A BANKSTER WAR to prop up their fake currencies, killing millions upon millions of people...

"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a banking industry conference organized by Barclays. "Currencies have legal support. It will blow up."

LAUGH OUT LOUD Jame Dimon, you are a comedian for sure. What currencies have legal support, you mean the 100% Unconstitutional Federal Reserve System...

Yet while trashing bitcoin and saying any JP Morgan Investment trader dealing in Bitcoin would be fired, the same Jamie Dimon is having his company:

Even Dimon's own bank, JPMorgan, has reportedly begun a trial project using blockchain as it tries to cut trading costs. Blockchain is the technology behind bitcoin.

Jamie Dimon Quotes Source CNBC

Lulz at your expense Senior Dimon, looks like you are a massive hypocrite, and the only reason you are calling BTC a "fraud" is because behind the scenes you realized block chain is better at transactions than your crappy banking system, and now you want to as quietly as possible transition and take over block chain technology to maintain your monopoly on money creation, and to try and re-centralize what has been decentralized. The only issue Dimon has with BTC is that he and his other cronies don't control it.

Just keep in mind Dimon's JP Morgan Chase Bank is a major part of a competitive currency to bitcoin Ethereum, as they are a part of the Ethereum Alliance. It seems to me that the big banks have entered the crypto scene as quietly as possible and are going to try and pick and choose the winners that they can control like Ethereum and other "E Coins" as the Mr. Robot TV show revealed via programming last year. Showing a future currency war between the banking controlled "E Coins" and the decentralized hacker coins like BitCoin.

Two articles I wrote about this a long time ago:

1. https://steemit.com/mrrobot/@titusfrost/mr-robot-s-ecoin-v-s-bitcoin
2. https://steemit.com/mrrobot/@titusfrost/new-mr-robot-episode-introduces-e-corp-s-new-ecoin

So as all this propaganda is being spewed which has in my opinion caused an artificial lowering of crypto currency value due to "FUD" Fear Uncertainty and Doubt as @SGTReport would call it. So that means it is the PERFECT time to say screw you Dimon and the central banksters, we are going to buy more while the price is low...

All Time STEEM Chart:

Just taking a look at the all time STEEM chart it seems that STEEM is valued at normally well over $1.00 USD, and has been much higher than that at points, however as I wrote awhile back, I think the value of STEEM should be around $1.15 to $1.20 right now but will increase in the future as more people join this platform.

Over the last three months STEEM has been trending down, however I feel that it has reached basically the bottom of this trend and will rebound back up to likely over $1.50 in the not so distant future. If you ever see STEEM on sale for less than $1.00 USD that is a steal and you should always buy.

As for Bitcoin which has lost a significant amount of value recently. This is once again a short drop, I believe that by the end of the fiscal year BTC will easily be back up to all time highs. It is just experiencing a small market correction due to all this nonsense being spewed by Dimon and the issues in China with the exchange, however BTC price will go right back to likely around $4500 shortly and then keep going up. Everything as I have shown you in this article that people like Dimon are saying about Bitcoin is ridiculous, so the FUD that is being generated by these banksters will soon pass.

Summary

In conclusion the banksters fiat money only has value because people believe it does, and the cryptos are experiencing an artificial down turn in price because the powers that should not be are creating unnecessary FUD as they themselves enter the market. However unlike FIAT currencies cryptos are backed up by block chain technology and that will keep the price organically increasing as more and more people become aware of crypto currencies and start using them. So buy BTC, STEEM and other cryptos now while the price is low, as the price will soon turn and start shooting back up again.

Chart Screenshots From CoinMarketCap.Com:

1. https://coinmarketcap.com/currencies/steem/
2. https://coinmarketcap.com/currencies/bitcoin/

Memes and .Gifs Are from 4Chan

1. The Memes and .gif I used in this article are stuff I had downloaded on my computer from being a regular on 4Chan, so that is where I found them. Source: https://www.4chan.org/

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