Bitcoin Forum

Had confessed to confused with one of these digital currencies, Alibaba CEO Jack Ma now decided to be in anti-Bitcoin camp.

Quoted from the South China Morning Post, Tuesday (5/22/2018), at the World Intelligence Congress in Tianjin, China, Jack Ma revealed there is a gap owned by Bitcoin.

"There are bubbles on Bitcoin, but not bubbles in blockchain technology," he said.
Bubbles, is a term in economics that refers to the trading activity of an asset in a large volume so that its price range goes far beyond its intrinsic value. According to Jack Ma, Bitcoin experienced that.
Although his attitude seemed anti with the cryptocurrency, but he did not turn a blind eye to the technology that runs all transactions using Bitcoin, the blockchain. Personally, he admits that he is quite confident in this technology.

The man whose real name is Ma Yun also said that blockchain is a solution to security and privacy, especially in internet-based finance that processes trillions of trillions of trades. Even so, he does not agree if this technology is applied to run Bitcoin for money.

"Social networks may not need blockchain, but we still have to switch to it, because otherwise it would be fatal," he said.

In line with the thinking of Jack Ma, Alibaba has been doing research on technology that functions like the ledger in recent years.

In fact, the e-commerce giant is also ranked first in the patent application against global application blockchain in 2017.

Over the past year, Alibaba has listed 43 blockchain application patents, with Bank of America being the closest competitor through 33 patents. The figures are based on data from IPRdaily, the provider of information on intellectual property.

In addition to Alibaba, a number of companies from other Bamboo Curtain countries have also implemented blockchain technology in various sectors. They are Xiaomi with blockchain based game titled Jiamitu, Cainiao who applies the technology in logistics delivery, Ofo through a blockchain research agency, as well as one of Mobike's business units.
Blockchain fever was not only penetrated into companies that have been said large, a number of startups that move in that field was also quite a lot. It can be seen from 41% of the total funding of startup focused on the pilot company engaged in the field associated with blockchain.

"Blockchain is a hot topic of conversation right now, but not all companies can implement this technology.Too many people are selling blockchain-based products, this is my concern," concluded Jack Ma.

nobody cares what he says

Exactly, we don't need them for bitcoin to succeed besides we are doing fine without them already and time will tell who will eventually win after other top merchants join the bitcoin fraternity.

So sad when he said that, bitcoin is also an industry, if we develop it, it can bring us many supply  :( :(

I think jack ma is anti with bitcoin and does not support bitcoin, but he already said that he supports blockchain technology, maybe he already has plans to develop blockchain technology.

Quite saddening , although its their decision . We could only hope they would change their mind . Like what facebook did on crypto ads . Good thing tho , hes on the positive side of the blockchain technology . Who knows , maybe one day theyre going to apply it on their own company or something . Jack Ma is a big player if they get into the blockchain technology .

who cares what different idiots on the internet are saying about bitcoin? if he doesn't like or want bitcoin then that is his problem not ours. and by the way why are you posting ancient news here? this was months ago and nobody even cared back then and they still don't give a damn about it now.

I do not think that Jack Ma told us something new that we did not see and did not know. In my opinion, now any sane person will say that in December last year bitcoin proved to be a financial bubble, the consequences of which we feel to this day. If it were not pumped up then we would have a much larger cost of bitcoin.

I think we don't need care much about this because it is his opinion. We can agree or disagree with his opinion and it can not make a big influence to bitcoin community. Therefore, everyone should calm and wait for the official announce.

Those top tycoons don't like BTC, and the cryptocurrency world doesn't have to care too much about Buffett, Bill Gates and Ma Yun!
Because BTC and cryptocurrencies completely overturn their investment philosophy, they can only attack cryptocurrencies!

Wonder how legal it is to patent a free technology. I guess it is immoral... It just doesn't make sense to me.
Nothing stops a decentralized Cryptocurrency from using these patented stuff in the future. If they can use Bitcoin Blockchain freely, why won't Bitcoin use theirs freely too.

does it matter?
I think not at all, to be honest I hate that person.
just look at her annoying haircut, after all she is not fit to be a rich man, her face is not support at all.  :D

Well we dont need his opinion , since bitcoin will continue working with/without his opinion. If he doesnt like bitcoin then its his problem we have nothing to do with it.

Maybe he has a reason why he is a anti bitcoin. But it doesnt matter. Well we cant blame him, maybe there will be a time that he will surely love bitcoin because of its way to help people like us

He lives in China and made a fortune. Do you think anybody living in China can disagree the Chinese government?
Sometimes people bullshit to act as patriot but I know in his sub conscious he know the worth of uncensored Internet and the potential of bitcoin.

This might be one of the reasons for making him that statement. But I do not think that he really meant that.

It is very hard to believe that someone who made fortune or is making his living with an online business, will be against crypto. I see him as someone who has already done similar work and got a  lot of recognition and money because of that.

Remember the times when China deceived Bitcoin?? This happened last year when they decide to ban cryptocurrency in their country so I'm not surprised that Jack Ma is Anti-Bitcoin. We don't need persons like him. If he doesn't want Bitcoin then so be it. Let him be and let us continue what we are doing.

Who care what he is saying if he is against bitcoin then there is no problem for cryptocurrency and blockchain technology. he already declare he love blockchain technology not surprise when he launch his own cryptocurrency he is doing this because he is jealous from bitcoin and cryptocurrency. because many business person don't want common peoples make money.

I dont think his an anti bitcoin person. his a business man
,his mind is wide. Maybe some other concept in bitcoin but not the bitcoin itself.

I think everyone should have a different opinion like Jack Ma that he's anti bitcoin to me that his right still does not have any effect on bitcoin, there are still many people out there who are very enthusiastic in favor of bitcoin.

Jes jack ma is anti bitcoin

ohhh... This is a bad news however I think this news will not affect the bitcoin. In fact, many people are also not interested in what he says. I think so.  ;D ;D

I think no he is not against cryptocurrency especially bitcoin, I heard once in his interview that we need to maximize our money and we can invest in crypto as well, so I think he is not against it, anyway no matter what is the truth I would still remain to believe in myself or to my own understanding and to all people believing here.

And I do not care, they want to talk about Bitcoin for me it's not a disadvantage because there are still a lot of big guys who vaguely go into it to believe that Bitcoin will be very good in the future, we are waiting for a lot of people who are interested in it, Jack Ma is a great entrepreneur who may be enough for them not to interfere in Bitcoin,

Agree with your comments. We should not be too concerned about celebrities. They are afraid that Bitcoin will affect their business that they do not know that only Bitcoin can help them grow quickly

China has an official prohibition of bitcoin and mining, so this statement by Jack Ma isn't surprising

It's fine to express his own opinion, especially if it' true he did some kind of research on blockchain. But he doesn't have patent to be right, no one does. Blockchain is great tech, bitcoin is a future of money

Jack Ma believes in blockchain, but does not believe in Bitcoin.
The world's largest digital currency, Bitcoin, is in a state of bubble, even though blockchain technology of virtual money has great promise for security and security.

Old news. But honestly, it doesn't matter whether he likes bitcoin or not. Warren Buffet and Bill Gate also said same thing in the past. Who begged Facebook before it reversed it's decision to block cryptocurrency ads. If he doesn't like it, other merchants will and adopt it.

Warrent also dont like BTC

jack ma is rich people, have a lot of business and can make millions of dollars in a month. why he should think about bitcoin. jack ma anti bitcoin, keep him a rich man, jack ma anti bitcoin, i think also do not affect the bitcoin price. so dont need to think about his says. do not mind what he says about bitcoin.

Market does not care about old tech and those who are left behind. Blockchain tech is not for everyone.

This is not true because Jack Ma is a billionaire and he cannot keep as much of his money in the bank.That is why I believe a large amount of his money is in the form.of crypto.Besides, China is using bitcoin already.

Jack Ma knows the value of the Internet does not censor and the potential of bitcoin. This happened last year when they decided to ban electronic money in their country so I was not surprised that Jack Ma was Anti-Bitcoin. If he did not want Bitcoin, that would be it. Who cares what he says if he's against bitcoin then there's no problem with electronic money and blockchain technology. Because many traders do not want ordinary people to make money.

A decade ago when bitcoin was introduced there were almost all the people were in against of bitcoin but as soon as the time progressed, bitcoin made tremendous progress and now has secured the top position in the crypto ranking as bitcoin is superior of all the crypto currencies available in the market, that time there were almost all the people were in against of bitcoin then with the progress of bitcoin people started believing in bitcoin so if you meet with any anti bitcoin people then don’t get aggressive and make him doubt his own convictions.

he's the same as bill gates and warren buffets, people like them will only create FUDs, and make the crypto market worse, they also make panic, especially for beginners who are easily influenced.

he said that there was a bubble in bitcoin, but not on blockchain technology.
on the other hand, he admits that blockchain is very extraordinary, but he also said that bitcoin is a bubble.
this is very strange, does he see that bitcoin and blockchain are not related?

I think everyone has the right to express their opinions even though it's different like Jack Ma that he's anti-bitcoin, it won't affect Bitcoin at all. But Jack Ma will lick his saliva when Bitcoin is received all over the world as a legal currency for every transaction.

It's not important even though he's in anti-bitcoin though, but I believe it will make him change his mind when this blockchain technology is used by all companies, let's look after 2020

Well, you're right, right now, it doesn't affect the development of bitcoin. besides, it seems like Jack Ma might not like bitcoin. well, but I still hope that people are as good as he accepts bitcoin, because that can be a good thing in the future.

He will change his mind when everyone start to use bitcoin instead of fiat. Alipay will become redundant and bitcoinpay becomes the new norm for all users across the globe. He will regret those words

That's right, whether he agrees on it or not it does not matter at all, I believe he is not against bitcoin as I watched once of his interview that everyone should learn to take risk but of course we still should take care of it.

I think we should not take care of the man who creates the commercial exchange where fake goods are sold. Alibaba is not as good as Amazon so you should believe him too much

Jack would say just the opposite if Crypto were legal in China.

he did not affect bitcoin at all with his statement, and absolutely no one cared about it.

Will we know Jack Ma is one of the most respectfull bussinesman that we know'n now alligned with bill gates and warren buffet otherwise every popular people in the world of bussiness have there own stand about the trending now in the cryptocurrency and we respect thats there own opinion and decision,that they stated that bitcoin is bubble,maybe called them an anti bitcoin but based on there experience  being a successfull bussinessman maybe could say they are right,otherwise sometimes even though they are expert about in the world of bussiness we could say thats sometimes in implicating the things  thats is bad but in the end we accept our faults or mistake in our own creating decision.

There is no effect with Jack Ma's statement about bitcoin, bitcoin continues to grow and develop well until now.
So I think he is natural when anti-bitcoin is because his wealth and success are not through the internet or digital. He's a businessman who can only see one eye about bitcoin.

When guys like this start talking about "Blockchain" technologies and not about Bitcoin, then you can bet your house that they are secretly working on their own replacement "Blockchain" technology for Bitcoin. Yes, he might have said that there are too many "Blockchain" technologies out there, but he might just be using a smoke screen to get a edge over his competition.

These guys have not become this successful by playing by the rules and being honest.  >:(  It has been a while since OP posted this, but just wait and see, it is coming.  ;)

do not we hate the words of people, let's just say it is a criticism of us who have different opinions about bitcoin
if Jack Ma doesn't like bitcoin, then how do we get bitcoin to be accepted by everyone other than Jack Ma,
he only needs a solution for the existence of Bitcoin so that it can be used and useful safely

It is very easily for people with little or no knowledge on cryptocurrency or Bitcoin to say stuffs about the Bitcoin ideology. I'm not surprised when people display their ignorance and refuse to get to understand something they are not used to. Jack Ma is still in the centralization ideology and refusing to embrace this new technology and advancement.

it doesn't matter if Jack likes bitcoin or not, because with Jack Ma's dislike of bitcoin will not make bitcoin die, bitcoin will continue to grow and more and more people will join bitcoin, even though Jack doesn't like bitcoin.

Intrinsic Value?  Bitcoin has loads of them. I checked the definition of Intrinsic value to be sure he does not know what he's talking about. Immutablity and Proof of Works Mining are great Intrinsic value of Bitcoin ... Other important Intrinsic values are: :
The Blockchain Decentralization,Transparency, Censorship resistance, permissionless, and the community.

Probably he is not interested in speculations with the price of Bitcoin. I heard that his company is one of the leaders in implementing the blockchain. I think he tries to be the same as the government.

Lol Jack Ma, the guy who copies everything to make his fame and fortune. No doubt he is a smart guy but we should not be surprise if he comes up with his own version of Bitcoin in a couple of years time.

Is that right, is that valid news ...? if it's true there might be something that Jack-Ma says bitcoin doesn't match with what he thinks ... But if it's fake news then it can be ascertained that this has little effect on bitcoin investors, they can hesitate to invest ... !!

I think it doesn't matter if they are anti-bitcoin, I'm sure there are still many people out there who are always waiting for bitcoin and want to have. Bitcoin is the best to date, and maybe tomorrow and the future. I don't care about them.

"...this is my concern." Exactly! That is Jack Ma's point of view which he has a right to. Same with all of us having right to our own point of view. But one's thinking (positive or negative) should not affect that of others. It should always boil down to what we think because we will make that final decision. I don't give a crap about Jack's concern. I don't even give a crap about Warren's or even Bill's concerns. My concern is my own dealings. That's that!

Lots of billionaire are against Bitcoin because they don't really understand the technology really.It is a matter of time they will understand the real value of bitcoin or a universal currency.Another thing is they might be fearful of new millionaire who has lots of bitcoin.But the fact is it doesn't matter what they think or say about bitcoin.

I think Jack Ma was having a toothache when he said that, bitcoin and his company were very different. And what surprised me was why he commented as if his company was very good. So in my mind Jack Ma had done a FUD, maybe he wanted people to sell Bitcoin for him so he bought bitcoin at a low price.

Jack Ma probably has a lot of connections to bankers and the financial industry.  He can't support bitcoin because he will  ruin his business connections.

Of course he is. It may not be his choice, but very likely is for the following reasons;
1. China
2. Communists
3. Competes with AliPay
4. Communists Hit Squads
5. China
I would wager he is no fool though and likely stacking a bag of BTC to hedge his bets even though he can't be seen to publicly support it because, well... China

I think he supports bitcoin secretly but he can't admit it.  This guy is a tech genius and I'm sure he sees how bitcoin can benefit our society greatly.  My guess is he does too much business with normal banks right now.

That is word mean jack don't like bitcoin but he say about blockchain is amazing technology in cryptocurrency

maybe what you say makes sense where he has got his business and has made a lot of money with what he does and he is china, so he doesn't need bitcoin to multiply the money

We shouldn't care whatever other people opinion about bitcoin neither it negative or positive. Bitcoin nature is decentralized currency, the technologies itself sustain without any centralized entities. Sadly, the truth is the majority cryptocurrencies user are easily affected by some expert opinion which is its kind of ironic.

What Jack Ma said is just his personal opinion and we should not demotivated from his speech. Bitcoin will  live long and one day everyone accept bitcoin. As block chain technology rises, bitcoin will also shine.

He can say that there are too many "Blockchain" technologies on the net, but he can only use smoke to gain his competitive edge. We do not hate people's words, let's just say it's a criticism of us, people who have different opinions about bitcoin. He just needs a solution for the existence of Bitcoin so that it can be used and useful safely. I am not surprised that people show their ignorance and refuse to learn something they are not familiar with. It does not matter if Jack likes bitcoin or not, because with Jack Ma not like bitcoin will not make bitcoin die, bitcoin will continue to grow and more and more people join bitcoin, although Jack does not like bitcoin. Bitcoin has a lot of them. Other important intrinsic values ​​are Blockchain, Classification, Transparency, Tolerance, Permit, and Community. I heard that his company is one of the leaders in the blockchain implementation.

Jack Ma claimed not to be interested in bitcoin, but spent a lot of money developing blockchain technology for his company. Though as is known blockchain is the bookkeeping technology used by bitcoin. Blockchain technology made by Alibaba to improve health and combat fake food sales. However, Alibaba's efforts in developing blockchain technology are still limited to applications that operate in economic orders in China.

You are right, there are many billionaires who say anti-bitcoin, but crypto users continue to run well in their way to generate profits from trading, investing or bounty campaigns. stay focused, don't listen too much to famous people, he could be jealous.

I don't care about the explanation of people like that, they are a picture of greedy people who don't get the chance to have bitcoin. Even though they want, I'm sure they will continue to say that bitcoin is something bad.

While Jack Ma will not directly try to harm Bitcoin, crypto community won't excite be of his statements. Moreover, we cannot verify the honesty of his words. It is possible that he secretly supports Bitcoin, but because of China's policy can not openly admit it.

China and all the events it organizes are mainly against crypto
No wonder Jack says this talk
To find the biggest profit with Crypto
in this time he will praise it.

It can only be a rumor. Because no one is sure the information is accurate and reliable, and if the information is accurate, it is just that his work is not theirs

I think he doesn't see the future with Bitcoin because it doesn't really have any special thing about it. For me, maybe there is a good coin that will be suitable rather than Bitcoin to be a sustainable digital currency to be used in transactions.

Why he would be jealous if he had everything when it comes to finances.? Each one of us do really have that significant comment when it comes to things.
This one might be just a rumor but as long theres no official words about this matter then we shouldn't really make such reactions. Either positive or negative views he would
make it doesn't really matter yet crypto community is way too big that it doesn't really depend on a single person.

I wouldn't be surprised if other self-made billionaires are anti-bitcoin because we all know how they made their money, in a very traditional way. Well bitcoin might change the financial landscape globally, so of course this traditional farts are afraid of it. If he calls bitcoin a 'bubble', then so be it, but it a bubble not seen in history though. You may have admired the guy, but it doesn't mean that 100% of all he's saying is true, just saying.

don't believe that person's words
he is not a esper who can ensure bitcoin is buble
no one can confirm whether the bitcoin is buble or not

I think that in the future he will definitely support Bitcoin, just now he has not come to this yet

I don't care about the words of him who has insulted Bitcoin, I am personally proud of Bitcoin which has made me and my friends here experience changes in life financially, before I was a poor person, but after I knew Bitcoin everything had changed. So Jack Ma must know that, Bitcoin has helped a lot of people in finance.

This is the opinion of only one person and it seems to me that it is absolutely absolute in no way can influence the long-term trend on the growth of Bitcoin

Just 1 person but how many people believe with him? especially Jack Ma is currently a very active person in motivational seminars. of course there will be many people who start to know and trust him. of course what he said could be followed by many people? but I'm sure Jack Ma is open minded people with innovation and new technology. so I don't think he is anti bitcoin. lets see what happens in Alibaba in a few years. I think they will adopt bitcoin for payment

why we have to care about it? Everyone has their right to say whatever they want. It you chose bitcoin to invest, you only should believe in your investment. Do not care much about what people are talking.

Jack Ma seems to be close to the subject of Bitcoin. As the founder of Alibaba, I'm sure he has his own reasons for not implementing Bitcoin into their payment system. It would be cool to see Alibaba, or even AliExpress accept payment to merchants in Bitcoin much like Paxful (https://www.smartbitcoininvestments.com/paxful) offers hundreds of options for their customers.

Some people look up at Jack Ma, he's somehow an influencer. But this isn't enough to make us care about what he said, it's still upon us whether to believe him. I just don't get it why people see this as an issue? When in fact it's not. And it seems there's no impact on crypto space since we're still on stable phase.

In the end of the day, bad publicity is still a good publicity.  ;D

I can not believe Jack Ma said bitcoin is a buble. I think he is do not understand about the bitcoin concept. Bitcoin is store of value and its not a buble. No one handle bitcoin and control bitcoin supply, thats why i think bitcoin is legit investment

Jack Ma can be dependable from the Chinese government. So I don't think he is alway able to express his real thoughts.

I don't think so we should really bother if Jack Ma is an anti bitcoin because it does not change anything however it is it good to know the reasons why. Different people have different way of thinking. He got the rights to be an anti Bitcoin for some kind of reasons he have.

When China imposed a ban in March last year with Bitcoin, we later witnessed the bitcoin, did not die but grew miraculously to $ 20k. So now that Jack Ma is backing Bitcoin or not, that's not a big deal. I love the blockchain and bitcoin, I believe in its bright future

I fully agree with your opinion, that bitcoin is the future and will be accepted by everyone. This is what I always wanted as a bitcoin and altcoin investor, I wanted to see it paid for in medicine, and many other things like the store next to my house. ;D

Always be depending on how people will react and how they will keep the support even there's a big personalities that will be against the system, we knew that Jack Ma is one of influential person around the net we just need to keep our position, if you can keep your trust and keep supporting the chain then it will not  affect anything since Jack Ma still far influencing investors.

Jack Ma is a businessman. if a businessman can't take advantage of the opportunities that exist in bitcoin they will say anti-bitcoin. I don't care about that. In fact, if bitcoin is said to be a bubble, I believe that the bubble in bitcoin is not like the bubble fiat, securities, or commodities. Bitcoin is fairly fair and transparent, through clear supply and demand. I think anyone who enters bitcoin must understand how bitcoin drives value. at least know the main functions of bitcoin and for what bitcoin was created.

To be honest, i don't care much about him. He can say whatever he want. we still believe in our investment.