Jack Ma said Blockchain was a great but Bitcoin is A Bubble

[livingfree]

Here is an analogy and logic. Jack Ma owns a payment method in China and that is Alipay so why on Earth he will praise and commend a potential competitor to his business?

He can like and compliment the technology but the product itself (bitcoin), he just can't.

We may not know on what's on his mind but that's what I can see and why is it that he's totally not into good words about bitcoin.

Yeah! he is not stupid to like great competitor to his alipay. Bitcoin is a great threat to fiat money, because as what we can see now, bitcoin is technology and technology runs our world and its possible that in the near future bitcoin will become great currency than fiat currency. I think that he is just scared that bitcoin might be more valuable than fiat money in the future.

Not only a great threat to fiat money but it's also a threat to his business. If China allowed bitcoin transactions to exist and continue up until now, most of his alipay users will shift to bitcoin.

He is intelligent and he won't tell the people if he's scared of a great competitor because it will lose his customers confidence about him.

Instead of praising and giving good feedback to it, he's just telling something bad just to make it look bad.

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[clonely]

Some people like Ma, firstly says Bitcoin bubble, evil or something. Then Bitcoin price goes down and they are turning and says Bitcoin will be great. I don't care what they say.

[piterpie]

Jack Ma is a famous man in the world but does not mean that Jack Ma's words are true. Agreed with Jack Ma as blockchain is a great technology platform. But Jack Ma is like everyone else and thinks Bitcoin is a bubble. That's the wrong thought of Jack Ma

[junglist.massive]

You are like a media, looking at the Bitcoin chart without mentioning what events are causing it and instead linking it with 'bubble' so the news will be spreaded regardless of FUD in the market. Sorry, but you're not a believer.
And what caused the blockchain technology become famous besides Bitcoin's success? So, is Bitcoin a failure?

[Lovecrafter]

I believe that bitcoin after a major fall begins to gain volumes and soon we will see not just a local outgrowth, but a real  to the moon.I hope this happens this year

[Aying]

Which is sometimes true but it is alright since it is what the market is showing lately, so I think that he has the basis with what he was saying, knowing him for sure that he knows what he is talking about, at least he believes in blockchain and crypto.

[rasmusen]

in my opinion Jack Ma is a very smart guy, but he got access to negative information. And he asked the right question about the fact that we do not know much about bitkoin. But it seems to me that bitcoin will fall and grow again.

[Umkar]

The technology blockchein in any case is a very revolutionary and useful invention in this age of digital technology. Even those governments that are negative about the crypto currency, all recognize the practical utility of blockchein technology.
As for bitcoin, he shows the properties of a financial bubble only in case of a sharp rise in his value. It is hardly possible now to call bitcoin a bubble at its current cost.

[Radio-Active]

I think if bitcoin was a bubble, it would burst already but you see that bitcoin still existing with a great value in the market.
Usually, bubble never come back to bubbling after burst, but when bitcoin price falling, it will rise back someday. So, bitcoin = bubble ? No

[andy_gpu]

I think that bitcoin after the fall will start a rapid growth. It will happen soon enough. I think it will exceed the cost of $ 9k.

[Baekhyun]

Jack Ma is great, but bitcoin is more greater. We cannot deny that bitcoin carries a lot of risk when we enter the market, the prices are increasingly increasing, making many people interested, but all can be in vain if the price falls instantly. I can not comment on this buble , because it might just happen, but I just think positive that bitcoin will continue to improve.

[TRAPPIST1]

Its becoming a pretty common pattern now this year with people in high places that they use the same expressional behavior to spread there bias as there counterparts do. 

[Grayy]

Some of these billionaires cannot deal with the fact that the world is moving at a fast pace and bitcoin has become an integral part of the new world. They want to explore bitcoin but reject another technology which has continuously proved how useful blockchain is ?

[EddyGameta]

Who is Jack Ma? He is an entrepreneur, a merchant, he trades and he is smart but unfortunately he is not a financial or an investment expert so the statement he gave should not have any meaningful value as Bill Gates commented on the strategy of the United States war in the Middle East, no relevance.

[williamcastaneda]

Nowadays there is a huge concern in all crypto traders and crypto investors, because we all know. Bitcoin's value has continued to decline since January 2018. Even some experts say, Bitcoin will return at a price of 100-300 USD by 2020, because they think that Bitcoin is a Bubble that can erupt and disappear without a trace.

Even Jack Ma warns us Crypto actors to be careful when investing in Bitcoin.

https://www.c[Suspicious link removed]m/2018/06/25/alibabas-jack-ma-calls-bitcoin-a-possible-bubble-while-embracing-its-.html

maybe this is not a new problem in the crypto world, but we all have started to worry, it will happen earlier than expected.
BTC chart in june 29

https://i.imgur.com/ww8vOB3.png

how do you think the crypto traders and crypto investors are responding to this issue?

if bitcoin prices break and in the days to come there are a lot of bitcoin enthusiasts coming in then prices can recover and if bitcoin has become a valid digital money in the world then it will not become bubbles again because peminatnya already world and supply bitcoin limited

[sdipmlrp]

Jack Ma doesn't know much about Bitcoin technology. He's probably only suitable for e-commerce shopping sites. We don't have to pay much attention to what he says.

[Initscri]

To be fair, Bitcoin could be a bubble. It's a high risk investment, which is why I don't look at it as a investment.
I try to look at it more as a method of payment.

[Indrawan77]

There are already a lot of investors said and warn that bitcoin is a bubble, but yet they still invest in crypto currencies, so its kind of hypocrite of them to say bitcoin is a bubble, if we take a look closely they just judge bitcoin from the asset side, they never see bitcoin from the currency side, bitcoin is supposed to be a currency when that happen then bitcoin won't be a bubble anymore

[Kakmakr]

Someone should write a song with those lyrics, "Bitcoin is a Bubble and Blockchain is the gem" and then they should get these idiots in one room to sing the song over and over and over again. Most of these people, know almost nothing about the technology, but they read somewhere that THE BLOCKCHAIN is good and BITCOIN is bad and now they are repeating this like a mantra. 

The secret to the success of Bitcoin is that the people want a alternative to these private networks, and these Blockchain idiots are totally missing the point. 

[kl8847]

I am constantly hearing all those bad news about bitcoin and cryptocurrencies in general but as a little child I am having a hope, that everything will recover anyway and despite all oppositions.