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JP Morgan CEO warning yesterday on Bitcoin
JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’
Though JPMorgan Chase will reportedly offer a bitcoin fund for wealthy clients, chairman and CEO Jamie Dimon still isn’t personally sold on the cryptocurrency.
“I’m not a bitcoin supporter,” Dimon said during The Wall Street Journal CEO Council summit on Tuesday. “I don’t care about bitcoin. I have no interest in it.”
On the other hand, clients are interested, and I don’t tell clients what to do,” he said.
“Blockchain is real. We use it,” according to Dimon. “But people have to remember that a currency is supported by the taxing authority of a country, the rule of law, a central bank.”
It’s not the first time Dimon has been bearish on bitcoin, the largest cryptocurrency by market value.

It will be similar to dot com bubble indeed. Most of the western counties and other economies will be bringing their digital currencies alongside fiat currency convertible and then crypto currencies will demise. They are very complicated to understand by general Public and they are very slow in terms of their transactions.
As a piece of global financial infrastructure, the Bitcoin network is hobbled by severely limited capacity. The worldwide network of miners can process a maximum of only seven transactions a second, and today the rate is running at around five, according to de Vries’s estimates. In comparison, Visa can process up to 65,000 payments per second. Hence, any spike in the volume of payments or transfers causes a backlog.

You are absolutely right Surfie 1961, people are self made experts and post all sort of comments. There must be some assumed reasons for the SP falling today and in
My view market is doubtful to take MED 300 0 on board by any Pharma to market and distribute in Europe and unless this happens price will be fluctuating.

Thanks very much 100 baggers for explaining the MED 3000. Let us hope any large Pharma comes along to collaborate for the manufacture, market and distribute the magic MED 3000 gel in Europe. If it happens the real fun will be beginning of the SP to explode!

You are right Kevijoh, Liam’s negativity gone out of window today and read Today’s RNS about manufacturing , marketing and distribution’s collaboration and buy some and be positive now!

Don’t worry Xenor , you are like me who bought at the peak, sit tight and eventually we will make some money, once the product is manufactured , marketed and distributed!

You are right Kevijoh! Opportunities are endless now because there is no prescription needed and you need really smart move to display and market the product everywhere, if they get any large Pharma on board to market and distribute the product is so much better otherwise they can recruit marketing and distribution team to sell the product everywhere with Google and TV advertising e.g. in supermarkets, Boots, and pharmacies etc

Full marks to Fum for getting the EC approval very early and now last hurdle is left to collaborate with large Pharma to market and distribute the MED 3000 in Europe which will explode the SP

Let us hope you are right but do not forget EU certification approval in May is already in price. Difference will be if there is any indication of marketing and distribution collaboration after the final EU certification approval in few weeks time e.g. around an end of May.

Bitcoin Could Fall As Low As $20,000, According To Guggenheim's CIO investment officer at Guggenheim Partners, a financial services firm managing over $310 billion — believes that Bitcoin (CRYPTO: BTC) could soon see a significant downwards movement.
Minerd explained on CNBC today that because of the “massive move” that Bitcoin experienced in the short term, “things are very frothy,” and he expects a major correction to hit it soon.

According to Minerd, Bitcoin "could pull back to $20,000 to $30,000, which would be a 50% decline," a decline on scales that Bitcoin traders have experienced before.

Thanks Tiger16 for explanation! I have sold my holding at a loss because various governments are warning and our own Bank of England warns that Bitcoin’s days are numbered! Obviously good luck to people who are making money in crypto stocks . If people have entries at pennies level then by all means they can stay by selling some and leave rest of stock . But people who have bought at peak like me , it is wiser to be out at some loss rather than to loose all holding.

I agree with you Rana3 absolutely! There is no way wester capital economies will allow Crypto currencies to take over!. Countries has to have firm grip and some sort of control.

Sold at loss! Because various governments are looking into to launch their digital currencies linked to their fiat currencies, Bank of England warning and recent NatWest not dealing with Bitcoin, there is no future in my view.

You may be right Bigbench, PetroChina may swallow Matd and let us hope for reasonable offer!

Stuck with it long time and let us hope they will be able to extract the oil and we all make bit of money but in the light of past typical Mongolian government hurdles and slow process , in my view still it will take 12-18 months to get first gallon of oil.

Let’s hope SP stabilizes around that mark!

Let us hope SP will not have free fall today to avoid panic and price stabilises around 150 mark for sigh of relief.

I was meant any controls or regulations by government and without them it will be gambling as Bank of England Governer said in January the Bitcoin’s days are numbered in its present form!

Topdog21: In my view it is gambling at the moment not investing in crypto currencies and mining stocks asscociated with it because major economies have no control and in the absence of any regulations it is in fact gambling?

I do not agree with you Pearls, Bitcoin will go on rising for the time being and give enough time to big players to make money for a while and concerted action will be taken by various governments to curb the Bitcoin and its demise suddenly when everybody will be confident and have faith in Bitcoin. When it will happen , nobody knows but there was enough warning from Bank of England in January this year.