Quote from: romani245 on September 16, 2017, 06:49:04 AM

Quote from: bsblguy12 on September 16, 2017, 06:37:18 AM

Ha! Unbelievable. Talk about fraud...

It's funny because we're all thinking the same thing: Jamie Dimon is shady as hell and was making sure that Chase could get in cheap! But at the same time, we all know that Bitcoin and other cryptocurrencies aren't securities. They don't pass the Howey Test. They have no "issuer." Insider trading applies to a public company's stock or other securities (like bonds or stock options).

So there was no crime here, even though we all know that's effectively what happened. He knew what kind of effect his words could have. And very few people knew what he was going to say that day.

Exactly, as much as it is a fraudulent in nature, there is no crime. I guess he really took advantage of his influence to stir the market and when the buying point is good and all conditions meet, they started to buy massive volumes of bitcoin. Its total manipulation and deceitful on his part. Yeah, I agree it smart move for a personality who possesses so much leverage to the market.