Bitcoin Forum

https://cryptocurrencynews.com/alibaba-bitcoin-btc-bubble?utm_campaign=rss__ccn&utm_source=[Suspicious link removed]&utm_medium=twitter

Why should we care? The man made his money outset of cryptocurrency therefore he is not an authority here. Just like Warren Buffet these people got their success on their own terms and they should be respected for that. Now, people usually ask these people on what they can say about Bitcoin and they are looking Bitcoin at their own lenses...their own opinion and ideas and we should give these people the space that they deserved. But to think that they should be influencing the movement of Bitcoin that can already be far-fetched.

Well Jack Ma did really said that bitcoin is a bubble when he said that "blockchain is not a bubble, bitcoin is". This is his famous statement but he also mentioned that he doesnt know about bitcoin and he does not want to pursue it. This just means that Jack Ma has no clear understanding of how bitcoin works due to his prior knowledge on forex exchange. He maybe expert on e-commerce but he is not an expert in terms of bitcoin.

the housing market had bubble periods
the gold market had bubble periods
the dot com market had bubble periods

it does not mean the asset is empty air.. but that at some periods the "price" exceeds Value

some call it speculative spike caused by hype.. some call it bubbles caused by stirring the water.
either way its old news as bitcoin has settled back down to supported water lines

No one cares about what people call it. I dont literally understand why this bubble has not burst since 2009-10 or whatever year from when they are calling it as bubble. Looks like this one is hard to burst aint it.  8)

Have you ever noticed that only rich people like them call bitcoin as bubble but still we are making out lot of money out of crypto currencies and also finding innovative ways to use them to transact and do whatever principle different coins have. Its not just bitcoin but all the dependent coins that arise from it after its innovation.

From where the concept of bitcoin bubble came anyway, its rich people getting jealous about it. Isn't it!

I do believe we are in some bubbly state right now. Knowing that crushes comes every like 10years it could be psoible that this decade it be crypto market, maybe won't. But crypto market does have some patterns of the bubble, if not big as housing market at least it has smaller bubbles. Because it being high risk investment you have big players such as Jack Ma or yet even Buffet don't like bitcoin much to get more money as they are going and aiming for sure things.

It's great to call a bitcoin bubble, and with that it can affect the price of bitcoin for now and so on, because I think bitcoin is indeed very influential by bubbles.

In China, where BTC and other cryptocurrencies are banned, alibaba's alipay is very popular in China, and alipay accounts for 50% of the Chinese market in mobile payment.

They certainly don't want BTC and other cryptocurrencies to grab China's market!

Jack Ma said on an interview that he don't know about Bitcoin at all, so how can he come up with the conclusion that it is a bubble if he doesn't even know how it really works, lol. It is obvious that he looks at Bitcoin as a competitor of his online payment processor called alipay, so I really don't care on what he said about Bitcoin. They are studying on how they can use blockchain in the future, of course to create a new cryptocurrency or implement it with alipay. So what do you expect him to say about his competitor.

This is what he said:
"I don't know about Bitcoin at all. I'm particularly puzzled. Even if it can really work, the rules of global trade and the financial system will be completely changed. I don't think we are ready. So I'm still paying attention to Alipay... to the US dollar, and the euro. We have a team that studies blockchain, but Bitcoin is not something that I want to pursue. We don't care about Bitcoin."
Source: https://cointelegraph.com/news/e-commerce-giant-alibabas-jack-ma-says-blockchain-is-not-a-bubble-bitcoin-is

 That man is very influenced person, but my opinion is - his role in that area could be like Bill Gate's. We were able to see, how Bill Gates had been saying about bitcoin, but now here a lot of news about facebook's cryptocurrency. However, in contrary, I've found an article - CLICK (https://cointelegraph.com/news/e-commerce-giant-alibabas-jack-ma-says-blockchain-is-not-a-bubble-bitcoin-is). This article tells us opposite thoughts Jack Ma.

We don't have to care about what they say, to hell with jack ma or warrent buffet, bitcoin is decentralized, no need to be recognized by those people, or even they don't know at all about cryptocurrency.

I think we should be worried he's a Chinese man common you got to be worried lol.

I don't understand what's the new trend first warren now him both don't deal in bitcoins, do not have the time or need for it and yet want to give reckless statements it's a shame.

 I don't really care for what he said I only care to hear from people who are associated with bitcoins. Look at so many hedge funds coming or even nasdaq coming so for me this need is a dead rubber another attempt by the media to stop us, but it won't work.

Definitely No. He's a person that became rich with the common "paper and coin" currency. Since he thinks he is already successfully, he doesn't care anymore about other options like bitcoin.

I'm pretty sure someone will emerge higher than what Jack Ma has achieved and he will definitely regret that he calls bitcoin a bubble.

I absolutely do not care. I'm actually wondering why you're sharing this as an UTC link, can you elaborate? Regarding the businessmen who shill against bitcoin, let them do it

Here's a proper link:

http://www.scmp.com/tech/enterprises/article/2146648/theres-bitcoin-bubble-says-alibaba-executive-chairman-jack-ma

I personally don't care, and I don't see why anyone else should. Whether or not Bitcoin is a bubble is a matter of opinion at this point, and only time will tell which side has been right all along. But yeah, billionaires seem to be speaking against Bitcoin one after another lol. I don't think there's any conspiracy or collusion between them of any sort, and it doesn't look like the market cares about their opinions anyway, so all is well.

A couple of days ago, Chinese Leading B2B Marketplace‎ Alibaba founder & Chairman Jack Ma bashes Bitcoin but he also backs Blockchain technology during the second World Smart Conference in Tianjin according to this report http://www.8btc.com/mayun-bitcoin-is-bubble

It's unfortunate to see him join Bitcoin bashers group of CNBC Mad Money host Jim Cramer, Jamie Dimon, Axel Weber, former PayPal chief executive Bill Harris, Jack Bogle, and JPMorgan Chase. But I believe he will support Bitcoin in future, just look this article https://www.forbes.com/sites/armstrongpaul/2018/04/10/alibaba-backed-chinese-ai-startup-sensetime-sets-600m-funding-record/#c85da587dadf The Chinese supergiant Alibaba invested heavily in Chinese AI Startup SenseTime which Sets a new record of $600 Mln in funding record.

It's because jack ma are not relaying in the crypto and btc, because we all know that he can ear money by his own that not including the btc and for his perspective that anytime that the btc can pop out but that his perspective and we have to respect each others belief.

This is exactly the main problem, the business owners are troubled by the introduction of bitcoin because it will challenge their business model and they wanted to create a fear into the minds of new users who are in two minds and some people are creating these panic situation, but people who understand the technology could understand how things will go, i am not in this market because someone said so and i do not care about anyone's opinion.

I don’t think bitcoin is a bubble or if it a bubble then it is a bubble which could not be burst ever because bitcoin is a resource an asset which could not be exhausted ever if it is used wisely moreover bitcoin is very sustainable crypto currency and it is volatile currency and the reason being why millions of people are the users of bitcoin and find bitcoin that much trust worthy because bitcoin has that potential that it can provide employment to millions and made people independent that at least they can earn their livelihood by their own.

Obviously I do care . The deflation in the valuation is all because of these negative rumours that are constantly demotivating people from investing into bitcoin. Most of the governments are against bitcoin and they are discouraging people also to not to use bitcoin by saying bitcoin is not centralised currency and government is not responsible for any kind of loses regarding bitcoin, they have to suffer it by their own and if in this condition someone is saying bitcoin a bubble then obviously I do care.

Even if high profile people's comments may affect the price of bitcoin, I don't really care. They might just contribute to a fud and fomo but there will still be corrections afterwards. Jack Ma still didn't believe that bitcoin will stand up longer, that bubble thing is an old issue and we have to get used to it.

Bubbles are not a bad thing.
When the bubble bursts, the rest is truly useful.
Many economies have really ushered in their golden period after a bubble.

It is called a bubble because of its highly volatile, this is commonly experience by crypto's in nature, However the value and the users are keep increasing, No matter what he says, Bitcoins are still valuable. and who knows it will break its records in the upcoming days. Bitcoins success are now realized,

the argument has never been about whether bubbles are good or bad. although your statement is absolutely right. the argument has always been about some idiots who keep on insisting that bitcoin is a bubble no matter what.
for example there has been a lot of chatter about how bitcoin is a bubble when price went to $1000+ in 2017. practically the same people who are calling bitcoin a bubble were calling it a bubble back then too. and even if price fell down to $1 today they would still call it a bubble!

No one cares about what people call it. I dont literally understand why this bubble has not burst since 2009-10 or whatever year from when they are calling it as bubble. Looks like this one is hard to burst aint it.  CoolBTC

There are two ways to look at this statement, one is the view of a true financial analyst that is genuine about his statement, and the other is that of a capitalist whose company's valuation is dependant upon the economy of China which is against the regulation of bitcoin in China, the other seems like a more plausible explanation.

i think that no one cares about this kind of fud anymore, so there is nothing wrong about this, at least for me. It is more than normal to see this kind of negative opinions about bitcoin out there

Jack Ma is the chairman of the board at a chinese company, in china , there is still a ban upon bitcoin a country which is technologically mature, so if bitcoin is regulated then the chinese currency will lose its value and the gdp will go down resulting in less trade severely affecting alibaba's jack ma's statement is biased.

the point of view shown by Jack Ma is very good for bitcoin. but it takes time and the right process for bitcoin. and the world's inhabitants can become a bubbles that will continue to spread along with bitcoin.

I don't care if he calls bitcoin a bubble, is he an exception? many prominent people called it before him. He's adopting blockchain and bitcoin will be his tough competitor for his business so why would he say good things about his competitor?

Well, Jack is a very respectable Business Figurem, Im sure sometime back if anyone mentiond to him tht ALibaba was crap, he wouldnt have believed them, thats whythe franchise suceedd, now 9its our turn not to care about his opinion

Why should we care? It’s his opinion and everyone has his own sets of views. He does not have anything to do with our money we invest in butcoin and other cryptocurrencies. He should focus on his investment and his fortune.

we know that many people that don't like bitcoin and said that bitcoin is the bubble and can pop every time, even the jack ma, the owner of Alibaba said as long trust in bitcoin you wouldn't try to stop using bitcoin  or investing in bitcoin, you still believe bitcoin will increasing more and more in the future

i dont care. so many people saying bitcoin is a bubble and other bad things. i don't listen to such people. i believe in bitcoin.

i don't think that we should care. it's like the situation with warren buffet, they are just voicing out their opinion on this and we should not be worried of their statement.

Not only Jack Ma said that the BTC is a bubble, but bitkoyn is still being bought. I think this is the future ;)

That is something to think about because it can really affect the market as a whole. Our community in here will surely be affected because Jack Ma is a well known man. He is very powerful and popular so whatthat he said can really bring bitcoin into a serious problem. On the other hand let's prove him wrong and do what is right.

Honestly, the hell I care about Jack Ma's statement? This is between cryptocurrency and his predictions. Unfortunatelt, his prediction about bitcoin as a bubble is not a new issue and will ignored by people later on. So let  us just go on with our beliefs about bitcoin and stop spreading this kind of fud.

When people like these guys say something like this and it has to be public I know for sure that they have a hidden agenda. Why on earth would they do something like that right? Why on earth they would like people to know what they are thinking. So maybe what they are saying is the opposite of what we are hearing from them. Just a thought.

Bitcoin is all about the community. A single person's idea may of bitcoin as a bubble may affect bitcoin but only if the community agrees with it.

So, as a user of bitcoin. You are entitled to your own opinion spread it and then be happy for it. This is the big difference on bitcoin and fiat.

Exactly people see things differently. We experience things deferently and with Jack ma he  could not appreciate bitcoin because he is more into actual output or conventional types of investments where us bitcoin is far from conventional invesment.

So many rumors and fuds were deliberately said by prominent people, like Jack Ma. I don't know he has researched bitcoin and its technology or just made an opinion. this will no longer have a big effect. I am sure people have learned and can distinguish every fud

Let him speak anything, that is his right, but if one day all online sites are available bitcoin and alibaba payments are dimmed then he will regret and lick the spit that has been thrown away.

I don't care about their statements because they don't wanna see peoples make money or get success in their life because they know if people give importance to cryptocurrencies than no one will interested in Alibaba and in their business plans. but these peoples support stock markets because they want peoples invest in their stock not in bitcoin & they don't wanna loose their customer. they need to respect bitcoin and blockchain technology ,i think they are holding bitcoin in bulks.

If really Bitcoin is a bubble then they would have cared less about it. All this statements are just mere gimmicks to get weakhands dump their Bitcoin earlier than they anticipated all in the name of it been called a bubble. Personally I care less about what they say.

I don't care about all statements that have indications of FUD, their statements are just bullshit and full of hatred.

he will realize when bitcoin in the future becomes a high-value asset.

I hope he will regret because of his statement.

I don't care about what the person said and I still believe if bitcoin will give me real profits so I don't care about someone's words and I do what I think is true

Jack Ma is indeed a successful businessman, and it seems he will now stop for his complicated business and want to become a teacher, chances are he wants to learn about the development of bitcoin, even though now he has a statement that bitcoin is a bubble. And I think he is also curious about the existence of bitcoin that is increasingly popular.

The allibaba founder opinion on bitcoin is not relevant to the success and fall of bitcoin at all, the CEO made a very clear point that he is interested in blockchain and his team are researching on blockchain but he don't have interest in bitcoin so he is free to make any statement as he so wish.

Of course he is not authority here but he is one of the richest men of China- a wealth country. He can impact on the economy of his country. Besides, his country is the secondly developed all around the world. Moreover, the popular of China is one sixth of the world's popular. You can not care but that is true, his impaction does not deny.

No. Because even my idol warren buffett calls bitcoin a scam I dont believe it. Is just that they dont see what crypto is capable in doing in the near future. Even Great minds makes mistakes sometimes then learn from it. So Jack Ma and Warren Buffett will realize soon that their perspective in Bitcoin is wrong :)

I wouldn't listen to anyone who is on TV promoting anything.  Not sure if it's a cultural thing but in North America the government runs our media with propaganda and most stories are completely fake.  You would be better off doing the exact opposite as what you see on the TV.  Do you really think you can just tune in and get all the answers?  If so your going to get cleaned out in this game as the bankers and .gov attempt to take this over. 

No, I don’t really care. We do not need Jack Ma to approve of Bitcoin. When he first started Alibaba, he doesn’t listen to people around him as well.

I do not care what Jack Ma says, I'm just interested in the future of Bitcoin and the other Altcoins. A spokesperson of a person can not change the whole world. The future of the coin will be firmly established and accepted by the government, I believe.

Bitcoin was introduced to the world in 2009 and that time it was totally considered as an alien technology and people considered it as a fraud but those who took the initiative that time and invested in crypto are now the bitcoin billionaires and we guys are reading their success stories so no doubt bitcoin is a very huge and potentiating crypto currency and it depends on the people who understand its potential or not and I think morons are the people who call bitcoin a fraud or a bubble and I am sure that they will regret in the future.