Community Trust ScoreVerified
- Jamie Dimon on Trading Bitcoin Away
- When Facts Change, I Change My Mind
James “Jamie” Dimon is an American billionaire businessman. He is the chairman and chief executive officer (CEO) of JPMorgan Chase, the largest of the big four American Banks since 2005.
Jamie Dimon, during July 2021, stated, “Trade Away,” In the past, he stated, “I will fire any employee trading Bitcoin for being stupid” – JPMorgan CEO Jamie Dimon, Sept 2017.
Community reaction to this was like: It’s OK. I just found out today; I never need to sell my crypto. I can make it work for me.
First, they ignore, then they laugh, then they fight, then you win. The best thing of our generation has been crypto; the other things are distractions. Funny how tunes change when they can get their cut. Much like the government.
Everyone makes mistakes that they learn from, except traditional banks who still don’t accept Bitcoin and crypto. It was a marketing strategy to get it at the lowest price.
John Maynard Keynes once said, “when the facts change, I change my mind.”
They are buying Bitcoin to hold on reserve for their wealthy clients to be able to invest in different types of crypto funds. When giants speak such stuff, it means they are pitching to buy for low prices.
Bitcoin is the best performing bank in the past 10 years, and US banks need a bailout.
The fact is, BTC is the future of crypto, and the questions traders ask themselves now is if this is the right time to invest? Before jumping into a conclusion, I think you should take a look at things first. For the past few days, the price of BTC has been fluctuating, which means the market is currently unstable, and you can’t tell if it is going bearish or bullish.
The best investors are comfortable having outsiders believe they are wrong for long periods of time. Best investors always stay anonymous. Those insiders would be the people not comfortable with the outsider sentiment.
Conviction is so essential; I couldn’t agree more. Almost all of my best plays have had times when I would have realized some of my worse losses if sold too early. The Best Human Beings are the ones that try to gently educate others to avoid walking over a cliff. All this printing of fiat is putting everyone in danger. Please help stop the printing. Contact your representatives before it’s too late.
This is some fortune cookie stuff and certainly not necessarily true. The best investors historically have just been really good through all sorts of markets. That is what makes them the best.
