Author Topic: Will JP Coin from JP Morgan destroy BTC? (Read 5305 times)

earncrypto · « **on:** February 15, 2019, 09:38:57 AM »

JP Morgan has recently announced that they will launch a stable coin (JP coin).

This bank's turnover is about 6 trillion US dollars. I am afraid that its coin will become #1 coin and move bitcoin out from the first position.

Altcoins Talks - Cryptocurrency Forum · « **on:** February 15, 2019, 09:38:57 AM »

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Niteroy · « **Reply #1 on:** February 15, 2019, 10:01:34 AM »

A stable JP Morgan coin can compete only with other stablecoins, such as Tether, TrueUSD, Havven, Basecoin, and others. I believe that the emergence of JPCoin will increase interest in cryptocurrencies and increase trading volumes, which will have a positive impact on the entire crypto market.

dragononcrypto · « **Reply #2 on:** February 15, 2019, 10:57:41 AM »

Quote from: Niteroy on February 15, 2019, 10:01:34 AM

A stable JP Morgan coin can compete only with other stablecoins, such as Tether, TrueUSD, Havven, Basecoin, and others. I believe that the emergence of JPCoin will increase interest in cryptocurrencies and increase trading volumes, which will have a positive impact on the entire crypto market.

I agree, it will become a competitive stable coin, which is a bear market will grow exponentially, as has been the case with TrueUSD, USDC, PAX etc. However in a bull market it will suffer, as the value of cryptocurrencies is the decreasing rate of inflation as well as fixed supply, which the JPM Coin like all other stable coins do not have. We haven't even seen these new stable coins react to a bear market for the US dollar, but I can only imagine it would be pretty.

alfian141 · « **Reply #3 on:** February 16, 2019, 06:08:09 AM »

I think someday stable coin can be no 1 in CMC if the market no more bull run. Non stable coin can be collapse and changed with stable coin. I think is not JP Coin wil be number 1, but other famous stable coin like tether

MrSpasybo · « **Reply #4 on:** February 16, 2019, 09:05:51 AM »

A popular and accepted stable coin will support Bitcoin, as Tether made Bitcoin greater year ago. So don't worry, Bitcoin is our King and King can't be replace!

earncrypto · « **Reply #5 on:** February 16, 2019, 06:12:59 PM »

RIPPLE will die after JP coin launch because it will not be needed.

ZionRTZ · « **Reply #6 on:** February 18, 2019, 10:35:43 AM »

I have not read much about it yet.

Will the JPM Coin be publicly traded?

I first thought it will be in competition with Ripple and not BTC.

Altcoins Talks - Cryptocurrency Forum · « **Reply #6 on:** February 18, 2019, 10:35:43 AM »

Oduvan · « **Reply #7 on:** February 18, 2019, 01:23:41 PM »

I doubt that very much, bitcoin still has very strong support and it seems to me that even if it happens it will be a very useful rivalry!

pelana vreo · « **Reply #8 on:** February 18, 2019, 01:29:55 PM »

Bitcoin has a very large number of communities, the high number of requests makes BTC has a high price, I'm not sure the stable coin will shift the position of Bitcoin in the first rank, but we can see Satoshi Nakamoto is still there and will create a new surprise.

rizky130399 · « **Reply #9 on:** February 18, 2019, 03:58:07 PM »

nothing can shift the position of bitcoin because all coins set at prices with bitcoin are not possible in my personal opinion

Zed0X · « **Reply #10 on:** February 18, 2019, 05:17:51 PM »

JP Coin is more like a stable cryptocurrency for banks' use. It may dominate other stable coins like Tether but I don't think it will come close to challenging Bitcoin and other major altcoins like Eth. Maybe it will pose a threat to XRP.

tonymillions84 · « **Reply #11 on:** February 19, 2019, 12:06:33 PM »

for all i know, his coin is a shit coin. people will invest and sell it back same way other good projects were destroy by people like him. he should have invested in one of the new project rather than launching his own.

Munareal · « **Reply #12 on:** February 19, 2019, 10:16:21 PM »

JP coin will expose mainstream society to the use of cryptocurrency and will give bitcoin more exposure. I do not think that the JP coin can replace the bitcoin. No coin will for now.

tsakf · « **Reply #13 on:** February 20, 2019, 09:20:21 AM »

I don't think so. Every cryptocurrency coin, has it's place in the crypto world. JPCoin, will help, users, that need big companies, to trust. It will help more people, to get used to cryptocurrency.

Jayde · « **Reply #14 on:** February 20, 2019, 12:17:03 PM »

I don't think JP coin is possible to do it because Bitcoin still the number 1 anyway with a highest volume and influence in this market. JP Coin can do it best and get in the top ten ranked I think

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