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Thread: Bitcoin

  1. #253

    Default Re: Bitcoin

    We'll come back to this post in a few years to see if he was right or wrong...

    JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' that will eventually blow up

    "It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said.

    Bitcoin fell to trade around its session lows after Dimon's comments.

    Dimon's criticism comes at a time when some well-known figures on Wall Street are starting to embrace the cryptocurrency.

    https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html

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  3. #254

    Default Re: Bitcoin

    Good move on going cash Tom. Coins are dropping below support. Idk how low we'll go


    Sent from my iPhone using TSP Talk Forums
    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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  5. #255

    Default Re: Bitcoin

    I'm itching to buy this dip tonight. If it's forming an H&S the neckline is in the $3950 - $4000 area.

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  7. #256

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    I'm itching to buy this dip tonight. If it's forming an H&S the neckline is in the $3950 - $4000 area.
    $3850 this morning. Is this more of the China/north Korea/south Korea stuff? I heard the north was messing with the south's crypto trade


    Sent from my iPhone using TSP Talk Forums
    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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  9. #257

    Default Re: Bitcoin

    I think it's still the J​amie Dimon comment.

    Bitcoin

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  11. #258

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    I think it's still the J​amie Dimon comment.

    Bitcoin
    I saw that. But being a traditional banker type, I would think they would all say its not a real currency. If some traditional bankers were in crypto and sold because of his comments then I guess I could see the drop.

    I thinks its just gone up so much that a sell off is to be expected. Its a healthy market that does that. It may need to test the breakout area after the fork happened.
    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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  13. #259

    Default Re: Bitcoin

    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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  15. #260

    Default Re: Bitcoin

    Tom ,
    Do you have a margin account on GDAX? If so, have you ever shorted a coin? Just planning ahead in case one day I might want that option. Still waiting on my deposit of USD to clear
    100% G fund
    RSI - Relative Strength Indicator DMA - day moving average

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  17. #261

    Default Re: Bitcoin

    No, I didn't get a margin account there. I might have if it allowed us to short it, but I don't see that GDAX allows that, so I stayed away from margin.


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  19. #262

    Default Re: Bitcoin

    Quote Originally Posted by clester View Post
    $3850 this morning. Is this more of the China/north Korea/south Korea stuff? I heard the north was messing with the south's crypto trade
    Is this what you eere talking about. I did't see that yesterday.

    North Korean hackers targeting bitcoins to fund Kim Jong Un, report says

    North Korean hackers are reportedly targeting cryptocurrency exchanges in South Korea in an attempt to funnel money to Kim Jong Un’s dictatorship, after a new wave of United Nations sanctions threatens to choke the rogue regime’s cash flow.
    North Korean hackers targeting bitcoins to fund Kim Jong Un, report says | Fox News

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  21. #263

    Default Re: Bitcoin

    Quote Originally Posted by clester View Post
    $3850 this morning. Is this more of the China/north Korea/south Korea stuff? I heard the north was messing with the south's crypto trade
    It got as low as $3726 this morning, but I didn't touch it there. It's seems to be trying to stabilize so I picked some up at $3924.

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  23. #264

    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    We'll come back to this post in a few years to see if he was right or wrong...

    JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' that will eventually blow up


    https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html
    ___________________________________
    "He that cannot reason is a fool. He that will not is a bigot. He that dare not is a slave."
    - Andrew Carnegie

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