Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Your link doesn't work but if it's what was in the news earlier this week the transactions were not buying/selling for the firm but rather executing trades that clients wanted. Additionally the securities being purchased were unsecured debt issued by another financial institution in which that firm promised returns mimicking the price of bitcoin. It's truly a nonevent but is getting picked up by the news and people who simply don't understand what it is or what's going on
Your link doesn't work but if it's what was in the news earlier this week the transactions were not buying/selling for the firm but rather executing trades that clients wanted. Additionally the securities being purchased were unsecured debt issued by another financial institution in which that firm promised returns mimicking the price of bitcoin. It's truly a nonevent but is getting picked up by the news and people who simply don't understand what it is or what's going on
Are you kidding me?
They are doing what they do with every market. They are attempting to control it. It's a comparatively small market. There is a lot of money to be made...if you can control it.
The crypto market cap is $137B.
You mean to tell me you think it's just a bunch of nerds buying it?
They are doing what they do with every market. They are attempting to control it. It's a comparatively small market. There is a lot of money to be made...if you can control it.
The crypto market cap is $137B.
You mean to tell me you think it's just a bunch of nerds buying it?
With that said, I'm not a fan of bitcoin.
I'm not kidding you at all. It's clear you don't really understand what's going on, the actual product involved or the functionality
Quote:
Originally Posted by Lowexpectations
JPM is not buying bitcoin not for itself nor for clients. What they are buying at client request is a debt instrument issued by another financial institution, instead of said debt paying a stated interest rate the issuer will mimic the price movement of bitcoin across multiple exchanges. The issuer can use the proceeds from the debt sale to fund general operations of the company and does not at any point have to purchase bitcoin or any other product related to bitcoin. So again zero proof JPM is buying bitcoin
Making assumptions about what I know based on what exactly?
And I also don't care what JPM said. I say a lot of things too. Some of the things I say are lies.
People like you always have to say something that makes them feel superior for some reason. Why?
Why are you so insecure?
I'm insecure because you have no clue what you are talking about here? Well that's grand isn't it? My reply is far from stupid but if you can understand the content or context that's really on you as it clearly explains what is going on and what's actually involved, not bitcoin or any manipulation there of
I'm insecure because you have no clue what you are talking about here? Well that's grand isn't it? My reply is far from stupid but if you can understand the content or context that's really on you as it clearly explains what is going on and what's actually involved, not bitcoin or any manipulation there of
Show me the math. You're the smart guy. Show me the math.
What product? Blockchain? What are you even referring to. Your premise is ridiculous.
The only way anyone would engage in something so foolhardy is if they could control the market.
What product? If you don't know the product how are you active and arguing anything in this thread? You don't know the product and attempt to insult me? The product in question is the Exchange Traded Note that mimics the price movement of bitcoin
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
