Jamie Dimon, CEO of JPMorgan Chase, has been in a fight with Bitcoin recently, but today he is throwing in the towel. He wasn't keen to talk about bitcoin again today.
"I'm not going to talk about bitcoin anymore", said Dimon in response to a question during the bank's third-quarter earnings call with media today.
He said this shortly after Bitcoin reached a new record high. Probably not a coincidence. The bitcoin price breached the $5000 dollar resistance and hit an all-time high of $5,240 on Bitstamp today. Bitcoin is now up around 424 percent year-to-date. Pretty amazing!
Other positive news today is that support for the Segwit2X fork is going downhill. Mining pool F2Pool stopped signaling today and the Seoul Bitcoin community (the largest bitcoin community in South Korea) denounced the upcoming contentious hardfork in a statement.
Cryptocurrencies Market Overview - October 12, 2017
24 Hour Change
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin Daily Chart
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - October 12, 2017
Bitcoin hits a new record high above $5,200
Bitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency.
Read more: cnbc.com
Just SegWit? Bitcoin Core Is Already Working on a New Scaling Upgrade
Bitcoin developers are making progress on Schnorr, a function for aggregating signatures and in turn, a way to increase the capacity of the network.
Read more: coindesk.com
Swedish Officials Settle First Debt in Bitcoin
Swedish officials with the Swedish Enforcement Authority has settled a debt with bitcoin. This is the first time the enforcement agency in the country accepted bitcoin as payment rendered for debt owed to the State.
Read more: bitcoin.com
NEO Price Takes a Beating in Both USD and BTC Value
With all of those positive Bitcoin price momentum taking place as we speak, the cryptocurrency community is in for a very wild ride. No one knows how things will evolve in the coming hours and days. One currency suffering from rather substantial losses right now is NEO. Given the recent NEO price trend, a correction was bound to happen sooner or later. Pushing the value below $30 again is somewhat of a surprise, though.
Read more: themerkle.com
Jamie Dimon says he's not going to talk about bitcoin anymore
Jamie Dimon, chairman and CEO of JPMorgan Chase, said he is no longer going to discuss bitcoin after his comments last month that the digital currency was a 'fraud' caused quite the stir on Wall Street and Silicon Valley.
Read more: cnbc.com
Putin Confirms Russia Will Regulate Cryptocurrencies
Following the meeting with Vladimir Putin, Russian regulators announced that cryptocurrencies will officially be regulated in Russia. The central bank and the finance ministry will now work together to come up with one draft law to provide a basic regulatory framework for cryptocurrencies including bitcoin, which is expected by the year’s end.
Read more: bitcoin.com
F2Pool Deals Possible Death Blow to SegWit2x Fork, Withdraws Support
SegWit2x fork receives a huge blow as New York Agreement signatory F2Pool ceases signalling for the fork. BitGo engineer Jameson Lopp jubilantly posted to Twitter this morning that Bitcoin mining pool F2Pool has stopped signalling for SegWit2x.
Read more: cointelegraph.com
Blockchain.info Wallet Users Get Access to Bitcoin Cash
Popular web wallet service for Bitcoin, Blockchain.info, has announced that users who held BTC during the August hard fork are now going to be able to access their Bitcoin Cash.
Read more: cryptovest.com
Japan's Dominant Trading Volumes Push Bitcoin Price Past $5000
Japan is now the largest cryptocurrency trading hub by volume. Yen trading volumes have toppled China's market dominance and now stand at 58%.
Read more: cryptovest.com
Keeping the Real Bitcoin: Bitcoin Core Wallet Promises Safety
Some wallets and exchanges would allow the two blockchains to fight it out to define which one is "the real Bitcoin". But Bitcoin.org has issued a warning on how to keep Bitcoin safe during the hard fork.
Read more: cryptovest.com
Source: Twitter
So wait, he says he will stop talking about Bitcoin, by releasing a statement that he will no longer talk about btc?
We must give the guy a break, he is a banker, a trustworthy and respectable official. ok?
So there won't be a hard fork? Does that mean that all of the people who just bought BTC to try to cash in on the free tokens will now be selling?
Not yet. I'm not sure what percentage of miner-drop-out would effectively kill the hard fork, but at this moment there are still enough (Chinese) miners who support the 2X fork.
There's still the Bitcoin Gold fork on Oct 25. I think that was going to happen before any 2X fork, so I think the price movement is more for that split vs 2X. Unless day trading the volatility, I don't see why BTC holders would sell off before free Bitcoin gold, regardless of the 2X debate.
The only exchange so far that has said they will support the BitcoinGold is Yobit , that should tell you something lulz
Maybe he is preparing another punch line.
Lols..
No use though !
Now passed $5,300! 😀
He's not saying anything because he have full hands of work to sell that bitcoin which they bought on dump after their opinion that bitcoin is a fraud :)
Upvoted, would you upvote me ?
Exactly!
Best not to publicly ask for upvotes, kosaxd. Let the value of your content and activity earn them for you!
I mean, upvote me if you like my content :D
Well, I buy Bitcoin purely on Technical Analysis and if we don't bust through $5,600 and above, then we're seeing another correction:
Very worked up and useful post bro thank you, upvote and I'm waiting for you upload more conyent👌❤
You parse it with a very observant @penguinpablo
Everytime someone prominent talks about crypto publicly, even if it's negative, it has a positive effect. Keep talkin y'all!
wow... bitcoin is the best
I do not really know .uch about coins, but I am glad I could learn something from you. Thanks for sharing
https://steemit.com/indonesia/@steem77/diskusi-dengan-anak-mudah-hebat
Great post this morning...resteemed and upvoted! I am loving the news this morning. We are heading to the moon! Keep spreading great content and awareness of the crypto industry.
Great post! keep it going :)
Good news. I was surprised it got to $5200 this morning.
Getting people to see value in crypto-currencies is the big win. If the price helps with that, I'm happy.
There is a constant battle going on among IOTA, Monero and Bitconnect at #9,#10 and #11 at coinmarketcap.
Thanks you for all the top news of the day. Dear @penguinpablo, If Steemit had been a country, you'd be its Federal Minister for Information and Broadcasting.
Keep up the excellent work.
Steem On!
Maybe Jamie Dimon convienced himself that it is the time to invest in Bitcoin
Thanks for up vote me @fakirafaruk
It's crazy how a CEO would risk their reputation and company's credibility to make a larger profit. The greed is not surprising, but you'd think they'd manipulate through more discrete channels... unless he's a a mouthpiece for another higher power trying to discredit cryptos (which won't work). SoS, different day in the banking machine.
Jamie Die Dick !!!
This post has been ranked within the top 80 most undervalued posts in the second half of Oct 12. We estimate that this post is undervalued by $15.46 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Oct 12 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
May I ask how you create these charts?
EDIT: Nevermind. I found your answer on one of the other posts. :) http://www.chartjs.org/