Look at these scumbags. While officially being against Bitcoin they are still net buyers of the Bitcoin Tracker One ETF on the Swedish exchange. Even if "they" means their customers - JPM should ban the instrument..because..Bitcoin is, according to them - a scam. Why would they let their customers trade a scam-instrument?
If you ever wondered if Demon's comment was a headfake or not..well, here it is.
The first picture is from 10 days ago before the comment, while the second picture is yesterday. They bought 10 times more Bitcoin yesterday than 10 days ago. 10 days ago they were net sellers of Bitcoin. 10 days ago they sold 3 times more than they bought. Yesterday they bought twice as much as they sold, ten times bigger volume than 10 days ago. Guys..HODL ;) This photo is from my person Netfonds stock account and is 100% legit.
Keep in mind however, that these trades and purchases may very well be customers buying Bitcoin one tracker. But if JPM believes Bitcoin is a scam, they shouldn't allow their customers to purchase it. Personally though - I suspect JPM traders themselves are trading it. If Demon is asked why the London division is trading Bitcoin, he would just reply that "I was talking about the New York Division, or the Boston division or whatever division" These snakes always snake their way out of things :)
I'm a complete beginner in cryptocurrencies, but I said this would happen and many experts even on steemit told me "No, it's impossible".
You know..people have a tendency to be overly positive when they are invested into something. I get that feeling too when Bitcoin is pushing all time highs, and I am driving in my car listening to music. Nothing can stop it. In a year I'm drinking champagne on my own yacht somewhere. It's hard to accept it when it falls.
But like everything else it will never just go up in a vertical line. And its strange that people are so surprised bitcoin is volatile. It has always been. Because it has such a small volume, so few players. Things will be quieter in a few years when the market is much bigger.
I wouldnt worry one bit. The worst is probably over now. Or we could see a drop to stupid levels. Either way Bitcoin and other cryptos will go way up again.
yes indeed. I just posted about this myself. Not only were they doing that in Sweden. In German exchanges they were one of the TOP Buyers... Disgusting dishonesty eh?
Haha. Read it :D Not surprising!
This is always the case; it makes me so sad. Many people did not know what to do; they were panic and sold their investment. Of course some one and/or big companies made money. I am happy to be in Steemit community; lets continue to educate each others. Thank you for your educational post!
Thank you for your comment!
not surprised, it is business as usual for the big banks, screwing up everybody including their clients .. in the equities world you can see this happening every single week, it is called pump and dump and or dump and pump :)
Exactly :)
Bunch of scumbags 😂
Never doubted those comments were aimed at a price crash.
Been saying this for days , the banksters were late so they used their goons and presstitutes to try and soak up some cheap coin
Looks like it!
;) sure does !!
Thanks to @somena's article, I made a meme about this duplicity.
thanks for sharing keep it up
Thanks!
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@scandinavianlife , going back to the conversation we had yesterday, my thoughts turn now more to the fact the CEO of JP Morgan wanted the price down, so they can buy it cheap. @gold84