[fuddcoinn]

If JD wanted to take a stake in Bitcoin, trash talking beforehand could help, and i think this could have been the case.

most reasonable people would prefer to stay silent but JP Morgan plays the "bad boy bank" role with gusto, second only to Goodman Sachs. both organizations openly break the law while eating the fines as an operating expense, bet against their own clients and ensnare nation states in unpayable debt with what most laypeople would think is unbelievable power and control.

compare that to a few choice words in an unregulated wild west market and perhaps id be stupid not to think it was intentional.

his reversal seals it for me. (unless this is yet more strategy on his part)

[the_d00d]

He made his 'Bitcoin is a fraud' comment in September when Bitcoin was somewhere between $3000-$4000. In October, he called Bitcoin investors stupid.

Bitcoin has done nothing, but increase in value since then. If JD was trying to spread FUD in order to buy cheap....that clearly didn't work. No one in the Bitcoin space gives a shit what that guy says.

[russdpale]

Actually, it worked brilliantly. He timed it right with the September China fud and probably picked up some coin right at the 3k low on the dip on that news.

[FabHK]

Actually, not everyone trash talking Bitcoin is talking their own book.

[russdpale]

What? Talking their own book? I have not heard that before.

[totalZero]

JPM and GS do business at enough of a difference in scale that I don't really see them as similar. What are some examples of this "bad boy bank" behavior? It should be something beyond the existence of rogue traders, since by definition these traders operate outside the awareness and consent of their management and thus their actions can't be attributed to the intentions of the organization as a whole.

[dominotw]

Jp Morgan actually did fine during crash. They didn't need a govt bail out ( even though they were forced to take money)