The Bitcoin Price Surge, China, Jamie Dimon: Interview With Luke Rudkowski Of We Are Change

in #bitcoin7 years ago

As usual, a few days can change everything in the cryptocurrency space.

A few days ago many were panicking as the cryptocurrencies crashed after news out of China came out and Jamie Demon of JP Morgan called bitcoin a “fraud” and said he’d fire anyone at JP Morgan who traded bitcoin.

Well, the Chinese news seems to have been mostly priced into the value of the cryptos and it didn’t fall too much further after the news had been widely disseminated.

And… it turns out that “coincidentally” JP Morgan was buying up massive amounts of bitcoin in European markets as their CEO was calling it a fraud!

Bitcoin has since surged over $1100 dollars off its short term lows!

Luke Rudkowski of We Are Change flew to Anarchapulco to interview me on bitcoin and we discuss China, JP Morgan and how bitcoin will destroy governments and central banks and how it isn’t a globalist creation here:

In the next few days we’ll be releasing the September issue of The Dollar Vigilante newsletter where we’ll talk about where the cryptocurrencies are going from here as well as our investments in gold mining stocks and shorting the US dollar and stock market.

You can get access to that by clicking HERE.

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Jamie Dimon is a fraud...JP morgan was driving the price down then buying it back for cheap..Thats why i hate big corporations and banks..Can we be fully decentralised if we have big corporations being able to do this...

Totally agree with you :) when price price was 2900+ they buy a lot :)
People don't sell in panic ever ;)

Agreed & up voted.

 7 years ago  Reveal Comment

I believe the day will come when big banks will become irrelevant. Remember, "Bitcoin Don't Care." This day is not too far off. It's obvious they are currently scrambling and full of fear. We just need to sit back and enjoy watching them sweat.

check out how yoou can create your own bitcoin bank an offline wallet and manage your own fund. with no restriction or charges.

I agree with you. But it does give you a great time to buy in. When the masses PANIC, you'll PROFIT.

Couldnt agree more, although they did help me buy a little something at that low price.

You have to admire one thing...if he was to do the same to a stock (disparaging remarks to lower the price and then purchase it), he would be in jail. Instead, he does it to Bitcoin and gets away with it. Maybe, be right thing to do is generate mass amounts of positive content, along with content showing how he uses his words to lower the price and buy, each time he says something bad about the industry. The guy has guts!

BTW, I am not condoning anything he did. In fact, I am am not a fan of JP Morgan - very questionable business ethics.

Dimon in trouble...Justice is served...

Something to know about cryto bitcoin is there always change by time to time. Good news for us to read this article. As reference to our experience forward. Thank you

Well I'm a newbie here but it didn't take much time for me realize how comments in Steemit are "inclined to be supportive"... that very nice and all but really makes me wonder their sincerity

It's all part of the big plan. Big fish always gain with influence. Best being do your homework before taking any step in panic situations.

Moon time soon ;)

The surge was no surprise. Because China, without any four is one of the main influencers of not only Bitcoin but the whole crypyomarket. So closing of exchanges was sure to drop the prices.

The surge was no surprise. Because China, without any four is one of the main influencers of not only Bitcoin but the whole crypyomarket. So closing of exchanges was sure to drop the prices.

Definitely found the whole market deeply amusing. I suppose this is the problem that arises when people with little experience or knowledge starting coming wholesale into the market without preparing and studying beforehand. If they had, there'd have been far less panic.

JP Morgan... shudders* I hope they die, none of these large banking congolemerates should be allowed in, the crypto sphere could soon be the only way these banks survive the new crash they've been leading us too.

If anyone wan'ts to say that we aren't going to experience a recession, let me remind you that every decade since we've embraced far more destructive open market policies we've seen a recession, we're in time for one now.

The day has come. They are running scared, their days are numbered.

If the banking cartels weren't allowed in then BTC "likely" wouldn't have traded thru $4000 in the first place. The problem you are going to have is the next move down that takes BTC to $2K or less. Anyone who paid $4k+ will be "gone forever" when that happens. Bitcoin (and cryptos in general) needs more fans, sheeple, and lemmings...not less interested parties.

3:50 - 6:45 is something I wish more people touched on. Many do not seem to understand this.

Hey sorry this is irrelevant to this post. But where can I find your 4 part seminar and is the $50 in btc still an opprtunity. A friend told me about it but I can't find! Shameless self vote so you will possibly see this or if anyone can help.

you are the one who deserve

Go to The Dollar Vigilante website and subscribe for the newsletter. The 4-part video series is there.
However I'm not sure how to 'claim' the $50 in BTC for subscribing. I want to subscribe too so hopefully @jeffberwick sees this. Cheers

Is it wise to buy U.S. Pocket Change before it's Reset...???

... ...$7.77 ... ...1 Vote ... ... .... Reset

I knew there was some ulterior motive to Jamie Dimon's statement. All bankers are two faced.

Would you trust the word of a billionaire banker who has already ruined many people financially? Ironically his company sold my students loans to another company.... hrm maybe something like a student loan bubble is forming and they are trying to protect their asses?

Nothing good can come from centralized banking- it is a slow and painful death to experience right now in the US. The economy is slowing and the dollar is becoming worthless. Every time we get a raise the prices of everything around us goes up even higher!

Trump talking about eliminating the debt ceiling? FML...

Yep, there's alot of troubling words getting thrown about in the UK on car loans, I've no doubt some of the risk and uncertanity in student loans is also cropping up now.

check out how yoou can create your own bitcoin bank wallet and manage your own fund. with no restriction or charges.

Looking forward to the September Issue Jeff!

great post Jeff

The level of greed is real. Im sure China has similar goals.

I think @dollarvigilante that everything will return to normal in the near future and the markets will recover to their previous levels, but for now there is another wave of whales to kick out the minnows :)

Good information Thanks!

I believed there is financial politics also. Jamie Dimon CEO of JPMorgan as he declared that Bitcoin is Fraud, His staff had meeting also with Etherium Enterprise Members (EEA) this group is pushing Etherium to overtake bitcoin. But I think they are late already although Etherium is #2 it takes many years to overtake Bitcoin. Crypto-currencies are the hottest investment right now which I believed JPMorgan wants to dominate because of fast movement or uptrend from 2010 to present. But as John McAppe (MGT Capital CEO)discusses that He predicted that Bitcoin will hit $500K with the next 5 yrs and he said therefore no central banks of government can stop crypto-currencies. He said that if the Government will stop they will use huge resources so John McAppe advises that Governement it's better to tax than rather to stop it's better to capitalize the crypto-currencies to tax and raise more money to use for infra-projects and that's the wise move. China I believed that they are stopping ICO and Bitcoin Exchange only Temporary due to Communist Party meeting on 15 Oct. 2017. the Political Leaders are connected with Chinese Billionaires who involve in Crypto and Chinese Gov't will approve again ICO and Bitcoin Exchange after 15 Oct.

Love your work Jeff


Jamie Demon is getting too much attention. When will these ¨Official¨ fraude-professionals shut up ??

Just like every dip over the past 2 years. Just another opportunity to buy. as some one who's made a lot of money with bitcoin I'm just going to keep playing the game. even if I loose every thing I have right now I'm still ahead. its kind of like educated gambling ❤️

Very important news, I also have bitcoin and poloniex account, a little panic when hearing crypto will decrease and so forth. @dollarvigilante

Great to get this into perspective. When/if the central banks and governments fall, how much easier it will be to do anything and everything. When people realise black law is nothing but a way to extort and imprison, and governments are just parasites impeding the progress of mankind. When people realise every war is/was a bankers war and no sane person would participate. Without a psychopathic scarcity system, fear and intimidation there is no reason for them. Sure there will be problems but we won't have to pay extortion money to someone who has no skills to solve the problem and no red tape. Government is so corrupt now it doesn't even solve problems because then there is no need for their existence.

Très bon article. Merci Cordialement

Bitcoin is at some level below the level. How much is value crypto

Excellent as always. Bitcoin and Gold is the way to go!

Very informative post, thanks for such sharing.

Please please write about the usage of bitcoin. What can you buy , where.
Promote the usage. Whiteout that there is no sense to all

After all the scandals with restrictions on crypto currency in China, Bitcoin collapsed below $ 3000 and seems to have found a bottom. As expected, as soon as the verse information background, Bitcoin began to grow again. Despite the fact that the scale of the fall of Bitcoin proves that the fears of monetary authorities regarding crypto currency are quite justified. It is about their use for laundering proceeds from crime. After all, it was worthwhile to introduce only insignificant restrictions, as the price rushed swiftly downward. It's more like a getaway. And all sorts of criminals are able to run away very quickly, especially in the financial sphere. However, the belief in crypto currency is still very strong, and if in the near future the information background will not again become negative, the price will continue to go up.

JP bought the freaking dip LOL

See you all on the moooooon!!!

No Kidding!!

Very good and important what you post,, thank @dollarvigilante

Thanks dollar Vigilante ! An article on how the world will look like if Bitcoin succeeds would be very interesting.


Does anyone have any knowledge on how Jeff's/TDV's videos get such a high $ value within just a couple of hours of posting? It's crazy good! Nice work Jeff!

That was such a pussy move that JP Morgan used; that demon claimed bitcoin is a fraud meanwhile they are buying it left, right and center. So devious.Looking forward to seeing the amount of freedom cryptos will unleash on us. Cheers to that sweet freedom :)

Give me bitcoin.. please

This post has received a 1.04 % upvote from @khoa

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Real Honey Badger

Trump talking about eliminating the debt ceiling?

Surely bitcoin will effect the banks but you can not ban on it because it is the person decision who will invest in bitcoin or not.
Nice post @dollarvigilante

kabar super panas

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