Don't put all crypto in the same basket. BTC is not functional as a currency and has no real enterprise uses. BTC is too slow, too costly and will not scale. BTCs only value comes from mining and it is on a loosing track. Right now the energy cost eats up 49.5 % of the returns. What happens in Apr. when it halves again? If the price is the same the energy cost would be 99.% of your profits. Energy cost are increasing. Also way better crypto out. “Hedera Hbar”. It is adopted by some of the worlds largest companies and has done over 32.6 billion transactions. Over 191.5 million a day. Now doing over 2,216 per sec. Hedera is 219 million times less energy dependent than BTC. Hedera is doing more in 6 days than BTC has done in its 15 year life span. https://www.youtube.com/watch?v=7nmmx2JERmo
Andrew, just make an honest effort to read and understand the bitcoin white paper…before issuing any more opinions / thoughts on it. Your use of "baseball cards" and "you digging a hole" I have to say clearly indicates that you haven't.
Gold has proved over 4000 years that it is a store of value. Look how fiat currencies over the past 50 years have lost their value while gold has held its value. If the USA had never gone off the gold standard the USD would have held its value. It has lost at least 80% of its purchasing power over the last 80 years.
As long as Bitcoin is valued in dollars it is not money. It is the great fool theory. The blockchain is independent of bitcoin. You could use the dollar on the blockchain. Without the governments backing it will just be whatever the next guy wants to pay you for it.
The decentralized financial network itself has value and the theoretical price of Bitcoin is a function of the number of transactions. It’s now in its adoption phase, if the network expands the price would increase. And the store of value is a small component of its utility.
I had heard that while Jamie DImon called Bitcoin a fraud, JP Morgan Traders in Europe were the largest net buyers of Bitcoin. To me that is a frud and a marlet manipulation, and I wouldn't be surprised if the same is true for silver, gold, LIBOR (extinct now) and other similar past situations. I do know for fact that Chase sold mortgages in packaged products and then , with no legal claim to the mortgages, tried to extort homeowners out of their homes, with no legal standing. I will never bank with Chae – a bank that helped tio fund RAPISTS, MOLESTORS and JEFFREY EPSTEIN
Ask Jamie DImon what their net short position is in silver, gold, and how much dirivative (leveraged) products they have in controlling commodity prices
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Jamie is 100% correct, crypto is being used to circumvent all the regulations that the government has put into place.
While governments are racking up debt and directly causing inflation Bitcoin’s use case is very clear…..
Wow for a young man that's a narrow minded view. Your colleague understands it. You should do some proper research 🤣
Well said Joe. Crypto col
Dinosaur
Don't put all crypto in the same basket. BTC is not functional as a currency and has no real enterprise uses. BTC is too slow, too costly and will not scale. BTCs only value comes from mining and it is on a loosing track. Right now the energy cost eats up 49.5 % of the returns. What happens in Apr. when it halves again? If the price is the same the energy cost would be 99.% of your profits. Energy cost are increasing. Also way better crypto out. “Hedera Hbar”. It is adopted by some of the worlds largest companies and has done over 32.6 billion transactions. Over 191.5 million a day. Now doing over 2,216 per sec. Hedera is 219 million times less energy dependent than BTC. Hedera is doing more in 6 days than BTC has done in its 15 year life span. https://www.youtube.com/watch?v=7nmmx2JERmo
Jamie is smart. He buys more each time he talks bad about it
The point of the crypto technology was always to divorce from the Central Banks’ and White House’s endless money printing.
Wall Street getting mixed in between these two extreme sides, just means that both solutions will hit a wall one day.
Talking his own book. As he would.
BitcoinSV will run 1.5m fiat transactions per second.
Andrew, just make an honest effort to read and understand the bitcoin white paper…before issuing any more opinions / thoughts on it. Your use of "baseball cards" and "you digging a hole" I have to say clearly indicates that you haven't.
We should ban bankers sucking our hard earned money to fund their wallets via interestssssssss
pump dump pump dump pump dump lalala
Bangs on fire Jamie!🤮
Jamie Dimon GFY
Typical Bankster.,,,,,was calling it a fraud at $5k…….
Disney just launders through movies and China.
Gold has proved over 4000 years that it is a store of value. Look how fiat currencies over the past 50 years have lost their value while gold has held its value. If the USA had never gone off the gold standard the USD would have held its value. It has lost at least 80% of its purchasing power over the last 80 years.
As long as Bitcoin is valued in dollars it is not money. It is the great fool theory. The blockchain is independent of bitcoin. You could use the dollar on the blockchain. Without the governments backing it will just be whatever the next guy wants to pay you for it.
Of course he would shut it down, it is competition to him.
The decentralized financial network itself has value and the theoretical price of Bitcoin is a function of the number of transactions. It’s now in its adoption phase, if the network expands the price would increase. And the store of value is a small component of its utility.
The government needs to charge more transfer
Boycott Dimon and JP Morgan!
Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe! Joe!
Sour grapes lmao
funny because his company is running onyx, which is probably a white label product of a common crypto project
If Jamie Dimon hates Bitcoin, I love Bitcoin even more.
Wasn’t he involved with E.pstein?
I had heard that while Jamie DImon called Bitcoin a fraud, JP Morgan Traders in Europe were the largest net buyers of Bitcoin. To me that is a frud and a marlet manipulation, and I wouldn't be surprised if the same is true for silver, gold, LIBOR (extinct now) and other similar past situations. I do know for fact that Chase sold mortgages in packaged products and then , with no legal claim to the mortgages, tried to extort homeowners out of their homes, with no legal standing. I will never bank with Chae – a bank that helped tio fund RAPISTS, MOLESTORS and JEFFREY EPSTEIN
Ask Jamie DImon what their net short position is in silver, gold, and how much dirivative (leveraged) products they have in controlling commodity prices
I'd advice they just stop lol….. Clearly. Creating more confusion to the average joe.
Not the whole "bitcoin is a car" argument again! lol What is this 2018??
Banks charge fees, commit crimes with fiAT CURRENCY, AND LAUNDER MONEY FOR CRIMINALS USING FIAT CURRENCY
Go Joe!
JP MORGAN CHASE FUNDED JEFFREY EPSETIN RAPISTS, MOLESTORS AND CRIMINALS USINF FEDERAL RESERVE FIAT FAKE CURRENCY