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hi guys thanks for coming back to the channel hope you're doing well and in this video I want to bring you the second installment when it comes to our favorite bitcoin advisor Jamie Dimon the JPMorgan CEO this time around his calling Bitcoin in novelty and there is worth noting I'll put a link in the description to the article so you can read it for yourself the full article and also there is a video you can watch so let's see what Jamie Dimon is saying this time around right now these cryptic things are kind of novelty people think they're kind of neat but the bigger they get the more governments are going to close them down Dimon and was concerned that with bit community room and various initial coin offerings I saw they were now cryptocurrencies everywhere you know I must admit one thing when it comes to I see owes I felt the same way I see all started to grow like mushrooms they start popping a lot of them pretty much every single day so I do believe that this wasn't the right thing and hopefully we will see a bit of a stop on the icy us front simply because you know we saw what happened a lot of people were coming out creating an ice you're getting people's in a way cryptocurrency and a lot of those were just pumping them they never really offered anything else so it's creating something out of nothing that to me is worth noting he said it will end badly I mean I do hope he is wrong in here that cryptocurrency is here to stay and such as Bitcoin and a theorem and other top cryptocurrency can offer really a long-term investment for people like myself and everybody else and also can solve a lot of problems when it comes to finances banking and payments and whatnot some money from thin air you know diamond continues with central bank's the money says legal tender you have to take this as payment it's very cheap to do it's very easy to move back and forth JPMorgan move six trillion around the world every day very efficiently very quietly very effectively and very cost-efficient I'm not quite sure about this I mean maybe they're moving their money around the world very easily and very costly fishing and whatnot but if we try to move our money around I don't think it's the same scenario so yes maybe he's continuing bashing Bitcoin and simply because he's seeing a lot of people are now taking their money from banks or possibly not putting their money into banks but they're pulling into cryptocurrency and we are in control of our money we don't give them to these people to do whatever they want with our money creating money out of thin air without government backing is very different from money with government backing I must disagree once again in here if we're seeing what's happening with the fiat money you know the government creates this money out of pretty much thin air you know they print money like is nothing it's like toilet paper and this is why now fiat money is worth nothing simply because they so much of it is continuously printed and if we go and look at Bitcoin they were only ever gonna be 21 million bitcoins and never gonna be any more than that so we must you know we can't sit down and say oh you know we're printing bitcoins out of thin air you know there's a number that we've set and this is how it's going to be with fiat we see them being printed out of thin air you know that's why once again fear is worth nothing however one thing diamond seems to be praising is the technology blockchain is a technology that can be used for multiple things including cryptocurrency it could be used for digital dollars well here it is he talks about dollars again and there are digital dollars already a lot of dollars held in our bank are digital so he is trying possibly to convince people forget about cryptocurrency forget about Bitcoin you know remember you know the banks remember asks we can do everything for you as well and it's just as easy he he is not right in one bit I mean everything he is saying in regards to being easy it is wrong it cost a lot more it takes a lot more time you're you know if you try to transfer money from one bank to another Bank especially if you try to transfer money but you know to a different country a lot of times these cheques this you know this you know they withheld it is a lot of fees that you gotta pay you know you gotta pay to send them then maybe the people on the other side have to pay fees and whatnot it is crazy to think that you know using the banks is the better option I mean yes we have no choice to use the banks but cryptocurrency and Bitcoin has been incredible and hopefully if we will stay I must agree with one more thing in regards to what Jamie Dimon is saying and that is that unfortunately it is possible did as the bigger the cryptocurrency gets the more diamonds are going to close them down that is possibly a fact you know the government's they like to control us they like to control our finances they like to know everything about it they like to they don't like seeing people really changing their lives thanks to cryptocurrency and the fact that they can have control over it and I am sure a spit coin and all the rest of the cryptocurrency and getting bigger and bigger more government will start putting you know some sort of you know restrictions trying to control it trying to do checks try to do you know the hint try to take a piece of the cake and if they can't get it simply because we all know it's in a way unstoppable because it's everywhere around the world they will probably start seeing or banning it and it's so easy probably for them to do it you know it's you know it's one of those things where if a certain country said you can't use this website in our you know in our country they just put a ban on it and that's it you're done you can't use it so if they suddenly start banning you know exchanges or you know wallets or whatever we may see you know cryptocurrency really suffering in all of us really suffering hopefully that would not be the case and you will see cryptocurrency and we will all change our lives thanks to cryptochromes because I must admit guys it has been nothing but amazing for me and everybody else that I know that is involved and I've been involved for a few months now and it's it's incredible it really is you know I'm paying with cryptocurrency for different things in fact my last mining rig I paid with Bitcoin to buy the parts guys I'm my GPU is my motherboard my PSU with a Bitcoin anything it was incredible was so quick so easy I didn't need to put any details but like other people are saying you know I didn't need to put you know my name my social security number all of that crap you don't need to put it was so easy just send a Bitcoin over to the address it was done within about 10 15 minutes the payment and that was it and then I got my parts it was incredible huh hopefully jamie dimon is wrong but again as i said he could be right in one thing and one thing only and that is the government's will probably start cracking down once you know they see Bitcoin and cryptocurrency it evolving even further and obviously being worth a lot more well this is it for me guys I feel free to share with with me your thoughts in regards to it what do you think about Jamie Dimon is he right in regards to some of the things he's saying what is actually his why is he actually saying all these things is it really he's trying really not believing in two cryptocurrency or is he really trying to push the price further down so they can buy on the cheap simply because maybe they didn't go involved to begin with and now they want to get involved but they obviously don't wanna spend a lot of money so they will do anything possible and that they can do and he's a powerful guy as you can see his words do have an effect on the finance and cryptocurrency so maybe he's trying to push the price further down so they can buy a lot of bitcoins on the cheap or maybe he just doesn't want to admit that he was wrong to begin with corn in Bitcoin being a fraud you know there's so many case scenarios I'll be very happy to hear from you moving on to very quickly to see what effect this negativity you know around surrounding cryptocurrency is having as we can see here it is cryptocurrency is once again down in some cases double red digits Bitcoin was all the way up to 4,000 in a bit now is down to $2,600 and the rest of the market is also down Bitcoin cash down to $400 and and so on light going down to $45 t-tom at classic at 9 96 Manero guys down to $85 Wow so it is suffering but hopefully this negativity will go away and we will start you know profiting and seeing cryptocurrency once again rising and going more bit for instance Bitcoin over the 5000 price tag and eventually eventually to the $25,000 or some others before you know predicting it in fact I think I saw let me just see if all find it that someone is predicting the Bitcoin will be worth $100,000 by 2018 let me just quickly see it with $100,000 so prominent Bitcoin trader price is heading towards hundred thousand dollars in 2018 there you have it guys Wow that would be incredible so what what you gonna have to say about this Jamie Dimon I guess nothing thank you for watching guys hope you enjoyed it if you are feel free to subscribe and share to the channel and I'll see you in the next video bye bye
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