Ahaha this what he said? come on, he's been known to be buying during those times he's been bashing bitcoin.

Yeah he don't care but action speaks louder than words. Sooner or later there will be articles again on how much he's apologizing that he said such words against bitcoin.

wage data is twisted by those earning $1mill salary now on $3mill salary.. but the other 99% of people earning $7.25 are now only earning $7.50-$10

so although the rich have 3x more to invest. average joe only has 0.3x

which with what is known as the baby boomers (population bloat after the ww2 who become adults in the 70's) now reaching retirement age. (lots of people were having more kids in the 50's-60's 'peace time')
where that extra 10% of population outside the norm will stop putting funds INTO retirement funds and instead be taking OUT from retirement funds.. far more than normal retirement output of a community

imagine it this way 9 people put $500 a year in for 50 years($45k a decade)
but in a certain generation there are 10 people putting in $500 a year for 50 years ($50k a decade)
in the hopes what you get out at retirement is ~10years of living worth 5x more then a decade(get back what they put in)
i simplified things to exclude inflation and other variables



as you can see the generation that has extra population will impact the 'moneypot' of retirement investment companies and also national treasuries of state pensions(social security pensions)

in this scenario. for a whole decade either:
A) retiree's income for the whole community takes a cut and they get 10% less than expected
or
B) the retirement investment firms/social security are at a loss of 25000 instead of a 5000 gain to balance the pot to give retiree's what is deserved

in short..
it wont be a housing/sub-prime loan trigger this time. which they can cancel out by just zero-ing debt of zero cost to hide impact
it would be a retirement fund trigger which they cant easily zero-out as the funds are not 'credit creation' this time.. but actual peoples investments/value

admitting panic causes more panic.

eg
investor admitting they'll buy X tomorrow causes everyone to buy X today, thus costing an investor more to buy X tomorrow
so investors only admit things after they have took their own action

JPMorgan dont want a bank run, until they themselves have got their own funds out

Damn I still don't understand why people are like this ,why the hate in public and buying privately? Is this some kind of manipulation? No matter what you haters do I'm sticking with bitcoin for a very long time

That's the rule dude. If you told people what you're buying then you won't get maximum profits. Same thing happened again and again, when will we learn? There's no need to listen JP Morgan, just learn economics and decide whether recession is coming or not.

Without sound money, it's impossible to keep system running continously.

This is probably something what somebody told him to say but that necessary doesn't mean it's true. He probably wanted to encourage people in a way because I think many of us are aware that new recession is coming. And I would say this is something that occurs regulary and can't be avoided, it's some kind of economy rule.
How will recession reflect on Bitcoin? I don't think it will make some direct consequences but if recession comes people might turn to Bitcoin as an alternative and thus influence the demand ratio on the market.

Run on the bank? What would people need their worthless inflated fiat for? Anyone storing something worthwhile in a bank would be via a safe deposit box, deeds for land and/or PMs. The fiat makers could just as easily demonetize bills larger than $20 bills. See what happened in India 2016 (to combat counterfeit money  ).

Best strategy would be to buy things that will be bartered easily- tobacco, alcohol, water, guns and ammo, non-perishable food, batteries, BTC, etc.

Why does anybody treat anything this guy says as important to bitcoin?
He’s an asshole who has his own personal agendas, ignore him.

It will probably be worse than recession. Remember, Jamie Dimon is not there to tell you the truth. He is there to scam you. He will never ever be honest about the future incidents. Do you think he would tell you if we were going to enter recession or even depression? No.

Jamie Dimon works for the bank. Actually he is the bank. Banks are not going to survive if you know about the events to come beforehand and act accordingly. Most of them won't survive either way though they want as many people to be trapped inside banks.

Of course Bitcoin is a stupid thing to Jamie Dimon.

Bitcoin takes power from the bankers and give it to people.

Yes, they drive the feelings of the small investor like us and believes that everything they say is wisdom. This is one of the perks of becoming rich, every word that comes out from your mouth is knowledge and wisdom.

I guess its a signal that they still want to have more and drive the market into a longer bear for their own advantage.