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You have to be a crack to buy at 350%. Well that’s not new in penny world
Below 1$ in a few min
Back to 50c. Take your profits and run as fast as you can
Commons are probably worthless
01 coming
50K blocks flying
posted sometime back not to buy in 02 range... This will be @ 007 sooner or later
Might see low 1$ today
0005 today. Look into all crypto are about dead or going to zero apparently
https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.”
The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually blow up. “It’s a fraud” and “worse than tulip bulbs.”
Jamie Dimon.Photographer: Marlene Awaad/Bloomberg
If a JPMorgan trader began trading in bitcoin, he said, “I’d fire them in a second. For two reasons: It’s against our rules, and they’re stupid. And both are dangerous.”
Bitcoin has soared in recent months, spurred by greater acceptance of the blockchain technology that underpins the exchange method and optimism that faster transaction times will encourage broader use of the cryptocurrency. Prices have climbed more than four-fold this year -- a run that has drawn debate over whether that’s a bubble.
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Bitcoin initially slipped after Dimon’s remarks. It was down as much as 2.7 percent before recovering. Last week, it slumped after reports that China plans to ban trading of virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market.
Tulips are a reference to the mania that swept Holland in the 17th century, with speculators driving up prices of virtually worthless tulip bulbs to exorbitant levels. That didn’t end well.
In bitcoin’s case, Dimon said he’s skeptical authorities will allow a currency to exist without state oversight, especially if something goes wrong. “Someone’s going to get killed and then the government’s going to come down,” he said. “You just saw in China, governments like to control their money supply.”
Dimon differentiated between the bitcoin currency and the underlying blockchain technology, which he said can be useful. Still, he said banks’ application of blockchain “won’t be overnight.”
Read a QuickTake: The excitement over bitcoin and blockchain
The bank chief said he wouldn’t short bitcoin because there’s no telling how high it will go before it collapses. The best argument he’s heard, he said, is that it can be useful to people in places with no other options -- so long as the supply of coins doesn’t surge.
“If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than U.S. dollars,” he said. “So there may be a market for that, but it’d be a limited market.”
To be sure, Dimon later noted that his daughter purchased some bitcoin.
Gundlach’s Concerns
“It’s interesting that somebody with that high profile of the establishment is out there with that bold statement,” Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said on a webcast Tuesday after Dimon’s remarks.
Gundlach said he doesn’t have a view on bitcoin but that he’s concerned it may be more vulnerable to manipulation than enthusiasts admit. “Maybe I’m just too old, but I’m going to let this mania go on without me.”
One place where cryptocurrencies and traditional finance are coming together is at CBOE Holdings Inc., the owner of the Chicago Board Options Exchange. Last month, the firm teamed up with Gemini Trust Co. -- the startup created by the Winklevoss twins made famous by the 2010 Facebook film “The Social Network” -- with a plan to offer bitcoin futures.
CBOE’s chairman and CEO, Ed Tilly, defended such efforts after Dimon’s remarks.
“Like it or not, people want exposure to bitcoin,” Tilly said. Believers can bet on its rise, and Dimon is welcome to take the other side, he said. “We’re happy to be the ones in the middle.”
wowa. did not check. what happened. IS that guy yogi still pumping.. He led lot of people to dogshed.. shameless insiders pumping
As long as old timers still hanging at the company and until they get replaced, it's hard for us to take them a bit seriously when the share selling is a bit overdone
i will like that.. bring them down to load
Are we going to see 7s again
Did he have any shares that he is offloading?
Secondly my concern of reverse merger if happening, would that have an attached reverse split to bring down the shares to let's say 200-300 mil float from billions
I will send out mail and find out and will let the board know what I find. But please do ask them about these concerns which might be better getting answers now than later
Thank you
Just curious why Jordan is still there. Thought new management took over?
8-9 buyers kept flipping
I can answer you. You are kind of misled. Your hypothesis would have been correct had there been no filings. As days are passing, new filings are coming out and this is becoming more legitimate. I have been bid sitting on 7s for days and should have loaded those 8s today. That's the sad thing that news and filings show up and this takes off. Imo we can still get 001s in the morning trade if we are lucky. So best read the filings and follow them. In case you were planning to buy 2 mil at 0004 get 1 mil at 001 still will be more when this goes up into penny land. DOLV and also check other one which ran GAHC which ran from trips to 07. Also presently ONCI and many examples. Once this goes above 0025 it will run on air mostly. Frankly 2 bil is nothing. 10-15 traders who are sound enough can take out the entire OS. Hope you got it. I will get some tomorrow before this goes above 001. Good luck.
Wasted too much time bid sitting
Darn it. Should have loaded the boat
vndm chasing down the bids..dont buy until VNDM and VERT are completely gone. It is going to drift lower imo
penny stock traders are so short sighted...
contemplating on adding some 9s after that report.. any suggestions
if you place your order @ 8, they should be filled now imo. b/c 8 is on ask. I got some of those lucky 8s
check, they are filled
ok, will be there with you
nice might get 7s filled
imagine if NITE dumps his 18 mil on 8s, CDEL and others will lose
You should ask them about any ratio for split if they do reverse merger like someone was saying
huge sellers lining up @ 9, soon it will be 8s on ask
melting down
rising ask of 9s... crash coming. dont be hero on 8s
my only concern in reverse merger is reverse split. Hope they keep the share structure in this
6s will be here for sure
not if you keep loosing the bid support. once a big sell goes through, 8s will come down
25 mil and losing support. 7s will be here eod... sell now or regret later
8s loosing support. dump while you can
NITE moving down to 0007...coming
90% possibility of 0007 today