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.
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:
- https://steemit.com/mrrobot/@titusfrost/mr-robot-s-ecoin-v-s-bitcoin
- 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:
Memes and .Gifs Are from 4Chan
- 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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Don't forget to follow me @TitusFrost for more of my work coming in the near future...
You can also connect with me on:
- My Patreon
- Titus Frost YouTube
- Lulz Machine YouTube
- Twitter: @ImperatorTruth (When I am not suspended)
- FedBook: "The Lost Truth"
- Minds.com: "TitusFrost"
- My Vid.Me Channel
- My Published Book: "The Lost Truth"
- Gab.ai: TitusFrost
- BitChute
- Check out my book on OpenLibrary
- Read my Book The Lost Truth for Free online
- DTube Channel: https://dtube.video/c/titusfrost
When I started writing this STEEM had hit a low of about .78 cents USD, by the time I was done writing and posted STEEM was already back up to 1.03 and is now selling on the internal market for 1.08 SBD. So as of now I was very correct.
I think you're right. We'll we many more 40%+ dips in the future. And they will all be buying oppertunities to me!
JP Morgan is involved with Ethereum... son of a bitch !! Beware the Dark Side !!
GREAT Post @titusfrost
HIGHLY rEsteemed!
I'm in agreement with you about this opportunity and I wish I was quicker to pick up some Steem at $.076 or thereabouts. Anything below a buck is pretty good IMHO so it's time to take advantage of ol' Jamie and his recent Attack on Cryptos!
Thank you and SteemON!
I'm all in, but what do you think about this notion?
I think the fact that the vast majority of the public is just starting to adopt the use of crypto currency will offset this, if you look at the chart around the 16th we saw a similar dip before BTC jumped up to a new all time high.
I think the USD is in a far bigger "bubble", as it is propped up by many things including 401k's just dumping money into the market every week, but more and more people will start investing more of their income into cryptos which will keep the price increasing for a long time. Imagine if 401k companies started investing in crypto as part of the portfolio, just that small change would likely double the value of all crypto currencies.
Hey Titus, I just wanted to make sure you saw this story today.
Vatican diplomat in US recalled over 'breach of child sex abuse images law'
https://www.theguardian.com/world/2017/sep/15/vatican-recalls-diplomat-us-child-abuse-images
Thanks. Will cover.
I'm sure you would have seen it but with so much going on I thought I would just help out. I don't know how you keep up. The other morning I was listening to your broadcast from the night before as I was going though the lastest news. Just about every article I pulled up and started to read you started talking about it at the same time. Good Job!
I just saw this today. It is a few days old from The Belfast Telegraph. I assume you have seen it but just in case.
Ed Murray: Sex abuse claim US mayor's time in Northern Ireland 'should be probed'
http://www.belfasttelegraph.co.uk/news/northern-ireland/ed-murray-sex-abuse-claim-us-mayors-time-in-northern-ireland-should-be-probed-36130468.html
Interesting, well I just saw this comment, so I am not always up to speed. I just tweeted this out thanks again.
Thanks for the information sir.
I think we will see a $5 STEEM someday
The difference between Dollars and Cryptos is that the Dollar (and the other Fiat currencies) are backed up by rifles.
lolz so true.
Really Great Post Please check My New Post
10 Step Guide for Day Trading Bitcoin, Ethereum and Litecoin
https://steemit.com/cryptocurrency/@sakpoo/10-step-guide-for-day-trading-bitcoin-ethereum-and-litecoin
Thanks for the link, hopefully this helps some new crypto people.
Yes, we must buy Steем. It's just that a lot of altcoins have fallen in price, and we need to buy them urgently, until the price has returned ....
Yeah that does seem to be the trend at the moment.
every man need for money ...i like this post....thanks...
You are welcome thanks for the comment.
We are getting more products uploaded everyday and expect to have all of our current products available by next week (had some delays due to my house getting rocked by Hurricane Irma). As soon as we get the rest of the products up, we will be opening the music section of the store.
We really appreciate your business and we're glad you liked the mug!
Being all products are printed to order and we were shipping to the Netherlands from the US, you're right, 16 days wasn't too long of a wait.
Thanks again!
Pretty cool memes and gifs added the charm while reading it awesome and yeah they are under valuated but soon it will trigger
Fantastic post. I feel that, as Cryptocurrencies begin to become more popular, news such as that by Jamie Dimon won't have such impact on the value. But I suppose will see over time if i'm right. I've actually begun putting together a Steemit series which looks at the latest news topics of the week in the world of Cryptocurrencies. Would love for you to check it out @titusfrost and give me your feedback!
I recommend this sites to earn free coins:
https://steemit.com/bitcoin/@maxiusz/best-site-to-get-free-crypto-coins-in-2017
https://steemit.com/bitcoin/@maxiusz/top-free-btc-ltc-doge-faucet-s-2017-and-eobot-mining