/biz/ - Business & Finance

>>3873197
nice, bought 100

>>3873197

Fucking criminals and their bitcoins. You fucks better get ready for poundtown prison.

>“There is a use case for bitcoin. If you live in Venezuela, North Korea … if you’re a criminal. Great product,” Dimon added, receiving laughter from the crowd.

>>3873197
He can't keep getting away with this

>>3873197

I thought his daughter said she bought some though???

>>3873197
Dumb fuck talking his book

>>3873245
ayyy what's the screen in the top left showing?

>>3873245
he is employing typical Jewish tactics. This is not new

ooh this is good. hes squealing now. send in the farmers son when all the pigs are in the pen. BLTs for all the good folks

can we ignore this fucking faggot already ?

>>3873197
This isnt fucking cryptotwitter you turd. No one gives a fuck about what some banking cunt said.

>>3873197
Whoa bankers are bad at a currency that doesn't need them as a ledger? Who would of thought.

>>3873197
>Jewish bankers are losing power

BITCOIN IS A SCAM BITCOIN IS A FRAUD, DON'T BUY BITCOIN GOY!

>>3873261
Sacrificial Kek ornaments.

>“I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you’re stupid enough to buy it, you’ll pay the price for it one day”. It can “trade at $100,000,” but it will eventually crash to zero. “Governments are going to crush it,”

Fucking hell, what a literal cuck. Nocoiner tears are delicious

>Who cares if your investment will increase in value 100000% because one day it will go down again

>>3873197
>Time to sell?
>it can trade at $100,000
Think I'll wait till it's $100,000 then.

>>3873197
No this is the time to buy. Shortly after everyone says it's time to buy is when you sell.

>>3873824
He is quite obviously accumulating

>>3873824
Every investment goes to zero sooner or later anyway. Except for precious metals I guess. You always have to be ready to jump ship.

>>3874029
Ain't that the truth

>>3873223
Citizens of dictatorships are criminal

>>3874029

but do you have a contract with the earth?

>>3873245
that doesn't mean anything, he had to buy some to see what it's about

>>3873197
>Only stupid people buy bitcoins
ALL INTO ETH

>>3873197
lol hes just trying to make his share holders have faith
salty jamie is salty he missed the boat and people are learning they dont need his dumb ass anymore
LMFAO

>>3873245
big if true

>>3873197
lets not forget he's a BANKER, the natural enemy of crypto. he's the last person on earth you should trust concerning crypto.

This guy sounds like a Blockbuster Video franchise owner dissing on-line streaming services.

Dimon is buying millions of bitcoin on the side

>I could care less about bitcoin price
>literally means he cares quite a bit

>>3873197
actually governments(only threat to bitcoin) love it, many have not realized this. it's super handy financing wars etc.

banks hate it cause they cannot take the fees

>>3874218
I swear to god, the people arguing against him were probably equally retarded or just 4chan-level public speakers.
They either had no idea what the fuck they were talking about or they were shitting their pants on every word.
Sure, it's hard to come up with a counter argument to such a stupid statement to begin with, but come the fuck on.

>>3873197
>“Governments are going to crush it,”

Yeah governments are going to send a warning to the CEO of Bitcoins and get them to shut down the Bitcoins servers immediately!

Lol. Okay we get it, we all suddenly love Bitcoin. Most of you fags invested when it hit 3000 USD as an ATH and now all of you kids are crypto experts.

Let me tell you this. Bitcoin made me rich. I was the same like you guys once: Bitcoin is the future! And I shilled it like crazy to my friends year ago. Now I see the same thing happening but it's not me and a couple of friends doing it, the entire internet is jumping on this shit.

No, Bitcoin won't be the future. I don't care about the price predictions by so called TA experts. Yes, I believe BTC will hit 10k in this current rally, hell it might even hit 30k. But this thing will never hit 100k. Have we forgotten why ETH (another coin with a lot of technical issues, just like bitcoin) almost overtook BTC just 3 months ago?

During Cyprus' banking crisis back in 2013, Bitcoin also 'skyrocketed'. Why? People were looking safe havens.

Bitcoin has been under the radar since 2009. Yes, it got some media attention whenever the price hit ATH's, but nobody was really adopting Bitcoin.

Bitcoin won't last longer than 6 years. If people in Venezuela had all started using Bitcoin the network would have been congested like crazy. Bitcoin is technically inferior to a lot of currencies already and it will be overtaken.

To all new hodlers: get rid of the mindset that most of you have - hoping that Bitcoin will pull the same thing off that it did from 2009 - 2017. It won't. You won't see a 1000 fold increase in value. You might get some gains over the next few years, but your goal should be to invest in crypto's with the potential to overtake ETH and BTC.

TLDR: Jamie Dimon is a moron but he is right.

>>3873197
>t. The literal #1 Jewish banking puppet
Why would you buy this FUD

>>3874924
Lmao best way I've heard it put

>>3876003
Americans will eternally misquote British phrases and the English language

>>3876179
Governments can legislate for new laws which ban the trading and exchange of Bitcoin

>Source: China

Buy ethereum

>>3876329
Stop being a contrarian faggot

ETH did not "almost overtake BTC 3 months ago". If anything the rise and fall of ETH shows the real strength of BTC as the Number 1 crypto king.

Blockchain congestion and scaling issues will be fixed as time goes on and new developments are brought in through forks.

You are right about new coins coming along with higher gains but you are wrong about BTC dying

>>3876464
But unless they go full totalitarian internet censorship like China they can't stop you using exchanges based in other juristictions or decentralized exchanges.

>>3876513
Yeah, we've seen how Bitcoin has handled their scaling issues so far. Reminder: Bitcoin still won't be able to handle global adoption.

I never said alts will come along with higher gains. I meant exactly what I said. These alts will overtake bitcoin, not percentage wise, but in volume and use. It will take years, yes. But bitcoin won't last long. And this is coming from someone who is still holding 1000+ BTC. I cheer every time I see the price go up but deep down I know that projects that have been either launched last year, this year, and in the upcoming years will be better. That's just how it is.

>>3876601
>These alts will overtake bitcoin, not percentage wise, but in volume and use. It will take years, yes. But bitcoin won't last long. And this is coming from someone who is still holding 1000+ BTC.

sleepy time already

>>3873197
>Governments are going to crush it
They cant crush information.
Is this dude retarded?
bitcoin is information transferred over the internet.
Computers and the internet are what sustains bitcoin and governments can only really kill bitcoin by killing computers and the internet.

Even north korea values the internet to have its own internet division.

Bitcoin isnt going anywhere. Governments MIGHT attack the places like coinbase etc that convert fiat to btc. but then that would just drive it underground where people would hold coin parties. The BTC price would skyrocket as it would literally become DIGITAL GOLD. and probably the defacto currency of drug dealers and criminal badasses around the world (even more so)

>>3876329
Youre not considering human psychology
Useful doesnt strictly means more valuable
Think about cryptos like a country
If crypto was england bitcoin would be the queens ofc the queen has no real power over the country but she is still more valuable than the rest of the plebs (altcoins)

>>3873197
That's the sign to buy and keep buying until Bitcoin's market cap exceeds JPMorgan's $337.33 billion next year.

>>3876577
were going there though itll happen

>>3876798
ok but at a certain level of adoption bitcoin will just get too slow and too expensive, theres no real way around that

>>3876329
>Bitcoin is technically inferior to a lot of currencies already and it will be overtaken.
That does not matter, you retard. You are in the game since the beginning but still don't understand why it is Bitcoin that will dominate the market for the next 100 years.

I'm not saying that BTC will have the largest increase in % compared to some other Cryptos, btw.

SELL SELL SELL

Last time he predicted something on BTC the price crashed.

>>3876464

Just like they legislated for new laws that banned sites that hosted free music, movies and TV shows?

>>3876329
Dimon is a moron and so are you

>>3874924
hhhhhahahahahahahahahahahah

This board is shit from the third world scum and altcoin shilling, but I'm not complaining about my bitcoin 1s and 0s that make me worth a lot of money.

Nocoiners and altcoiners have to be inventing some serious coping methods lmao

>>3876766
>probably the defacto currency of drug dealers and criminal badasses around the world

I like BTC, as a store of value. Quite literally digital gold. However everything is traceable with BTC, so all "unlawful" money will have a shitton of issues entering and getting out of BTC in large quantities.

And even if we all use BTC, the tractability is a nightmare for criminals. Another privacy altcoin will rise to the top for sure, whether that is Monero or something else will have to be seen.

>>3876513
>Blockchain congestion and scaling issues will be fixed as time goes on and new developments are brought in through forks.

Scaling issues won't ever be fixed because blockchain tech is inherently not scaleable. The only thing keeping BTC alive is the hype, not its tech.

What a fucking kike. NEVER assume men like this are actually so dumb they dont know what they're talking about. He may be, but im betting he knows exactly that bitcoin cant be regulated out of existence so he's filling he's bags. Either this or he's the saltiest goy on earth

This guy calls bitcoin a scam meanwhile in 2008 the FED literally printed money out of thin air to bail hem and his kike friends out

Men like this are the enemy, you either destroy them or they will exploit you your whole life.
i hope he swings from a lampost.

>"This is the last time I'm ever going to comment on it,"
>"I don't care."

What price does he last until?

JP Morgan Chase had to fucking bailed out after gambling with peoples' money in one of the biggest financial crises in american history. They're all fucking crooks and the fucking BALLS on this absolute faggot to even manage a FUCKING WHISPER about one of the most honest stores of value ever created... it's absolutely disgusting. Fuck this cunt.

>>3880495
i think he'll be fine unless it gets to like 12000, besides he knows if he keeps talking about it people will think he's obsessed.

>>3873197
>i could care less
>could care less
>could care
>could

>>3873197
>It can “trade at $100,000,
Yep, the more money that FedBank prints, the higher the price of BTC goes!
>>3876329
>Now I see the same thing happening but it's not me and a couple of friends doing it, the entire internet is jumping on this shit.
Everyone's talking about it because they know they fucked up by not buying tons at $10 back when they first heard about it.
However, there are still very very few owners of Bitcoin, 60% of all Bitcoin is owned by under 10,000 wallets. 80% of all Bitcoin is owned by 50,000 wallets. That means that the remaining hundreds of thousands of wallets only own like 1 or less bitcoin. And since there will only ever be 21 million bitcoin, simply owning 1 whole BTC WILL put you in the top 1% upper class of the new financial system, probably in under 10 years.
Just a few BTC will be a small country.

You may think this sounds crazy, totally irrational, but when the fuck has finance ever been rational?

>>3873197

Isn't he right that meme coins really shouldn't work, but for the wrong reason?

I mean, all they have to do is to hack a server and your money is gone.

>>3877967
If you think Bitcoin will hold up more than a half memes value in 100 years you are an absolute blockhead.

>>3880996
thing is if you look at finance globally you might notice that the inflationary policy is pretty tame.
>checks eurozone
>Last week, ECB President Mario Draghi had called for investors to remain patient regarding the furor over the central bank's ultra-loose monetary policy. Speaking at Jackson Hole on Friday, Draghi stressed that more time would be required in order for inflation to reach the 19-member bloc's target of 2 percent.
nevermind you have a point.

>>3881001
You mean like if someone put a poison pill on the code and your account didn't come up?

>>3876179
These faggots are neck deep in CIA shit telling everyone it's Russian caviar and that the government can't stop them from eating it.

>it can go to 100k

just bought

>“I could care less what the light is good for, how it's used, why it's used, who uses it. If you’re stupid enough to use it, you’ll pay the price for it one day”. It can “smite evil ones,” but it will eventually be extinguished. “Governments are going to snuff it,” he opined.

>>3873197
ALL HAIL JAMIE DIMON FOR WE ARE TOO STUPID TO RECEIVE THESE GAINS.

REPENT YE SINNERS AND ACCEPT HUMBLY THE SLOW BUT HONEST GAINS OF THE US STOCK MARKET WHICH SHALL NEVER CRASH TO INFINTY AND BEYOND

could go 100k ? thanks just bout 100k

>>3877387
Bitcoin being "slow" is a non-issue for 2 reasons. First, how long does it take for a credit card to truly confirm? 30 seconds? Wrong. It takes weeks as the customer can do a charge back at any time. Compare to btc where a transaction is irreversible after a few minutes. And how slow is BTC really? You can be reasonably sure you wont be double spent in about two minutes as that's how long it takes for a transaction to propagate 90% of the network. If you're listening and you don't here an attempt to double spend you are almost certain that the transaction is valid. Anybody who says different is fudding or ignorant.

>>3880097
Do you not know how a mixer works?

What the fuck is his problem?

>>3877387
Bitcoin's really only expensive now because the blocksize has been constrained. With bigger blocks you'll see much lower fees.

Can blocks continue to increase to a global level on chain? Probably not, but it may be the case that as sizes expand as hard drives and bandwidth improves it'll be a non-issue. You'll have some sidechain action.

>>3881543
>First, how long does it take for a credit card to truly confirm?

Debit card transactions are instant. Why are you comparing BTC with credit cards? They're completely different concepts.

>Compare to btc where a transaction is irreversible after a few minutes.

That's BTC's weakness. There's zero fraud protection.

>>3881681
>Why are you comparing BTC with credit cards?
Because millions of people use credit cards everyday and I don't hear anybody crying about the months long confirmation times yet people try to fud Bitcoin even though Bitcoin confirmations only take a few minutes.
>That's BTC's weakness. There's zero fraud protection.
Compared to what? When I want to buy something with my debit card, I have to give a ton of personal information and the merchant can take however much they want. Then they get hacked and the hacker takes what they want. That's fraud. With BTC, you get what I give you and that's it.
You basically have this whole thing turned around backwards, anon.

>>3881543
The year is 2020. I start my day as usual by going to my local coffee house to get my latte. Before I leave my house, I double check my BTC™ Spending wallet balance to make sure I have enough for the day. I grab my favorite fedora, and make my way to the coffee shop. The place is packed with customers who are eager to get their coffee before work. I wait in line for what seems like eternity, with a sea of customers impatiently waiting behind me. Finally it's my turn. I order ,y latte and decide to pay with BTC™ because this coffee shop is located in a hipster part of town, and they accept BTC™. The line behind me sighs as I ask them what their public address is where I can send the funds. I initiate sending the Satoshi's™ to the businesses wallet and the confirmations are taking awhile. "Don't worry I say to the frustrated cashier, it's usually pretty quick" she rolls her eyes and stares at me impatiently. Minutes pass by and I can hear the customers behind me cursing me and whispering to each other "stupid no-coiners" I think to myself. "Anon, how many confirmations have you got? I really need to help these other people" the cashier asks. I check the blockchain and the transaction is still pending, it hasn't even gotten one confirmation, "wtf is happening, there must be an ico today" I think to myself. "I going to need you to wait over here on the side until your rransaction is mined, we'll make your latte once there is enough confirmations" "no problem" I say, as my inner self starts to panic, wondering if there is a problem with my wallet, or if I sent the Satoshi's™ to the wrong address. She helps the other customers who give me stares and they pay with their debit cards, get there coffees, and are on their way all within 3.5 minutes. Almost 60 minutes has elapsed and STILL NOTHING. I don't even want the coffee anymore, but I can't reverse the transaction, I'll lose my BTC™ forever so I might as well take the coffee I guess.

Cont

>>3882015
Cont.

Finally after 2 hours, my confirmations on the blockchain come through, and the transaction has cleared. I go to alert the cashier, but she isn't there anymore. It's a new cashier. I need to explain to this guy that I paid for coffee 2 hours ago with BTC™ and ask for my coffee "I'm sorry, I'm not familiar with blockchain tech, I need to get my manager to check the wallet before we can make your coffee" the whole line sighs and stares at me "stupid no-coiners" I think to myself "they just don't understand BTC™" Finally the manager comes and clears the transaction and hands makes my latte. At this point, almost 3 hours has elapsed. Promptly leave the cafe and check my Blockfolio on the way home. BTC™ went up 4.2% during the time I was in the coffee shop! I realize that j just paid almost $45 USD for a $6 hipster latte. "Oh well, it will stabilize in price and get more efficient later. No coiners are the losers here" as I cope internally for just losing so much money on a stupid cup of coffee.

>>3882069
Like I said, waiting for mined blocks as confirmations isn't really necessary especially for a cup of coffee. A transaction propagates across the bitcoin network exponentially so within 120 seconds, 90% of nodes will have heard it. That's all it takes to check for a double spend broadcast. Not to mention many people have a Starbucks app that they preload periodically anyway. You can prepossessing with BTC as easily as with a credit card. You guys falling for the muh confirmations men's have been mislead. Understandably as most people have only a cursory understanding of how bitcoin really works. I'd suggest educating yourself.

>>3882015
>>3882069
OMISEGO
M
I
S
E
G
O

>>3882164
Honestly, I'm not a no-coiner, but BTC is a piece of fucking dog shit. Don't get me wrong, I'm super glad it exists, but there is much better tech in the crypto space. Have you noticed the ONLY thing people talk about with BTC is the price of it? It's a digital gold rush. While it remains volatile and scarce, who in their right mind would spend any of it? Most of the people I know that have BTC guard it with their life intending to never sell it.
It will be a store of value, and nothing else, and a temporary one at that. BTC won't keep going up, so it will eventually turn into this basic savings account, if anything, once it reaches its final target price in the market, it sill go down down down, making it worthless to hold anymore and another crypto will take its place. One with much more efficient and effective technological capabilities.
ETH, OMG and the like.

Until then, BTC will continue to be a gold rush, and only that. And thats all it will ever be

>>3882547
>ETH, OMG

Neither of these can function as a store of value because they have no supply limit.

>>3882585
Not for store of value. Sorry if I didn't make that clear. Having use cases in society for initiating transactions: financial, legal etc.

>>3882547
Since you have it all figured out, I'm sure you'll be shorting BTC and moving your subsequent massive wealth into those toys, I mean coins, OMG and ETH. I'm stubborn so I'll be sticking with the king, er, Bitcoin that is.

>>3873197

Is this guy an actual kike? He looks it and acts it, but I can't find much on the web.

>>3882860
He's greek

>>3873197

Is it, ahem, possible to crowdsource hits on people? Just exploring an idea is all.

>>3873197
>Governments are going to crush it

Why are you faggots so buttmad? He is right. Crypto is going to crash not because it's bad tech or useless, but because if it ever becomes a threat it will get regulated until it's dead. You think because they can't directly control crypto they have no infulence on it? Bullshit. They are in full control of fiat flow, just let them close exchanges or make it difficult for normies to get their fiat into crypto and it will crash and burn to zero in a day.

>but muh decentralized exchanges

Yeah right, guess what your precious crypto will be worth if it's not traded in fiat. Zero.

>>3882942
If if if if. If if was a fifth we'd all be drunk thanks to you anon

This stupid person has doubled their money

>>3874924
hi david seaman

>>3873197
I'd be fine with it going with 100k and crashing to zero desu

You fucking idiots his daughter buys bitcoin. He probably does it and does these media stunts for profit.

>short
>talk shit about bitcoin
>long
>repeat

If you buy something at 5k and sell it at 100k how are you stupid? Guy doesnt make any sense

jamie doesn't realise most nations will be in favour of a decentralised crypto currency over a world reserve that can enact financial repression on other them as the US has been doing with their petro dollar.

Additionally USD is done as world reserve as nations have begun trading oil in yuan more and more which was made redeemable in gold april 2016

Jamie only invests in altcoins, much better return at this point. I agree.

>>3873245
Yeah he pretty much called her a retard in public

Good goy, sell sell.