The credibly alleged crook and liar Jaime Dimon tried to deploy his JP Morgan minions to control the market for bitcoin. The traditional finance giant used its media connections to distribute its report imply that bitcoin will drop to untenable levels for most investors.

Those of us who have been in crypto for a while know this is complete bullshit. But for you new guys and girls, here are the reasons that you should not listen to any traditional bank on the crypto market.

• They literally don't know what they are talking about. Dimon and his ilk are famously on record for calling bitcoin a scam. Rumors were he was buying while he was FUDding, but either way, he showcases an absolute ignorance of bitcoin and blockchain whenever he speaks publicly about it.
• They are trying to control the market. Although these goons don't know shit about what blockchain and bitcoin can do, they know charts. And they know the crypto market is about 90 times smaller than the traditional stock market. What does that mean? It means whales can control it. They can force price movements and blame it on natural causes. 
• They have a vested interest in getting you to sell your bitcoin to them. Bankers are stupid, but they do understand the power of financial custody. All they know is if they custody the most bitcoin, they have the most power. So that's what they are trying to do. Why else would a bank go through all of the regulatory procedures to custody bitcoin when, as Dimon says, he "isn't the biggest fan of it"?
• They are crooks. Google these banks. Nuff said.
• They are scared of what bitcoin can do. If people really learn about bitcoin, banks like Dimon's are done. All of the money they get from random fees, the exorbitant interest rates they charge you on loans, the money under the table from laundering drug kingpin money — all that's DONE. The only way they can keep the party going is to keep you ignorant of bitcoin's power.

How to Fight Dimon and the Demons

• Buy your bitcoin P2P. Everyone says use Bisq, but I say use Cryptolocally. It's easier than Bisq, no download involved, it's faster, and has better liquidity. Do not under any circumstances buy from Square or Paypal or any third party trying to insert itself into the process. Yes, P2P buying will have a premium. It's worth it. Custody and financial sovereignty are worth far more than paying 10% above market price.
• HOLD, HOLD, HOLD. Do not sell the bottom. This is an old trading trick. Whales like Dimon FUD to make people sell, then shoot the price right back up to show immediate profits on their "prediction." This is much easier to do in a small market like bitcoin. 
• Create your own blockchain economy. Perhaps the most important point to understand is this: Once you have enough money in crypto, you no longer have to denominate your economy in the US dollar. You can travel using Travala tokens on Travala.com. You can buy homes with crypto through Propy. You can lend to your family and friends through Truefi. Pizza Hut said you can buy pies with crypto now. Use Spendabit.co to find all the things you can buy with bitcoin. Once you get this through your head, you won't be scared of the "fluctuations in the bitcoin price." You'll have just as much utility from your investments. And don't worry — bitcoin can only go up against the US dollar regardless of regulation, banning crypto, whatever. Nothing can stop this for the next couple of years.