**Support the cause if you like what we say here on Sobuka**
BTC: 16wWyinHnue6fwoszr6kKsZfuyYacf2wxQ
ETC: 0x99BcEa1266D2ed8ABAc754035a49B7F80412812e
LTC: LUeqoRJ5sR6Hzy3p7EHcwwWf9v81XQu7oE
You can find full information on Steemit: https://goo.gl/9GG7L6
You can follow the team on the following social media platforms:
1. https://twitter.com/BitcoinSobuka
2. https://steemit.com/@sobuka
3. https://www.facebook.com/MotivationBitcoin/
What is talked about (partial). Full is on Steemit:
Jamie Dimon. Coin is to Currency as Token is to Technology
Jamie Dimon: “..Separate blockchain which is a technology… from bitcoin a currency… and now there are multiple currencies, and I am not talking about bitcoin per-se… I’m talking about currencies…and I’m not saying go short.”
**Sobuka Analysis: ** So here is the deal. I am going to mention
Jamie Dimon. Difference Between bitcoin and Ethereum
Jamie Dimon: “and I am not talking about bitcoin per-se.. I’m talking about currencies…”
Sobuka Analysis: Okay so for people who are not aware, Jamie Dimon heads J.P. Morgan. This is basically the world’s #1 most respected bank by a “majority” of people. There are currently 800+ cryptocurrencies that include bitcoin that are listed on exchanges
Jamie Dimon. bitcoin can Reach $100,000 Before Going Down.
Jamie Dimon: “I’m not saying go short… bitcoin could go to $100,000 before it goes down and this is not advice on what you should do..”
Sobuka Analysis: I think some people might translate this as trading advice, but it’s not trading advice. That is the smart thing about Dimon. This entire interview can be translated in so many different ways. Whether you want to go long or short bitcoin this statement
Jamie Dimon. My Daughter Holds bitcoin. My Traders Don’t!
Jamie Dimon: My daughter bought some bitcoin…and it went up…she thinks she is a genius now…but it’s like the tulip bulb crisis or whatever…
Sobuka Analysis: With that statement, whether Jamie
bitcoin. Jamie Dimon is Mostly Right About Currencies Here.
Jamie Dimon: “…here’s the reason…government from what they like to do is create a currency…they like to control the currency..they controlled through a central bank…they also like to know who has it…where it is…where it’s going
Sobuka Analysis:Personally speaking….like or hate this guy, this is why I give him an A+. It’s like he’s being reading my misspelled Steemit articles! If you talk to most CEOs in the financial sector, they know nothing compared to Dimon about the political..
Jamie Dimon is Mostly Right Again About bitcoin.
Jamie Dimon: “that’s my point… so it’s not you can argue …there’s analysts… there’s a good reason for it if you were in Venezuela or Ecuador or North Korea… you’re better off probably using bitcoin than using their currency… that can’t possibly be true..
Sobuka Analysis: That ends the 2 minute interview. I think Jamie
The last part Dimon says is how there is no real use case for bitcoin as its pure speculation in other parts of the world. I have to agree with Dimon on this one. There is way too many speculators in bitcoin right now that surpass the population of people in Venezuela…
Most people are not using their bitcoin to buy a cup of coffee in the United States at their local Starbucks. One would have to be crazy to do that. Majority of people are just holders or traders…
Dimon is also right about saying that bitcoin has been used for illicit activities. That is a fact! He thinks it will eventually lead to exchanges being closed down such as in China. I do not know what type of illegal activities have been occurring in China…
To conclude we still live in a capitalistic society. Dimon and JPMorgan ha
Personal Market Synopsis
As the volatility and unpredictability in cryptocurrencies sub
Disclaimer
The information on this blog is not financial advice. Before you invest in cryptocurrencies, please speak to a financial advisor…
