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Topic: Jack Ma said Blockchain was a great but Bitcoin is A Bubble (Read 442 times)

newbie
Activity: 175
Merit: 0
It is just a matter of time before more retailers and online merchants starts to accept bitcoin.As a result, blockchain enables comprehensive audit of virtual currency transactions. China has pushed for blockchain application.
newbie
Activity: 168
Merit: 0
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.cnbc.com/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?
NO in an interview with Jack Ma on cryptocurrency especially bitcoin noted that he does not know all about bitcoin for he was only interested on digitali centralized currency where his plans is to make every transactions digital. And he had not comment about bitcoin he only says he could not say something to the things he does not know. Definitely Jack Ma is trying avoid bitcoin discussion for he is only promoting his project.
drm
legendary
Activity: 1176
Merit: 1005
I don't think Bitcoin will come back to 200/300 USD.
but, maybe Jack Ma is right. from 20k to 5.8k in just few months is a clear symptom of a bubble.
it's like dot.com bubble. New really disruptive technologies suffer this...


btc has gone through  bigger prices changes than that and has always been fine.
member
Activity: 238
Merit: 15
I absolutely agree with Jack Ma and understand his excitement about this
newbie
Activity: 96
Merit: 0
Bitcoin is completely different to the bubbles that have taken place. Jack Ma does not participate in this market and he does not really invest in it. I reassure that he will still have to believe when the 4.0 revolution exploded
staff
Activity: 3010
Merit: 568
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I guess it would be funny if he decide to accept bitcoin as a payment method on his e-commerce website Alibaba in the future, it is just a matter of time before more retailers and online merchants starts to accept bitcoin as a payment method, I believe in the future he would surely regret about his comment saying that bitcoin is a bubble.
sr. member
Activity: 896
Merit: 253
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.cnbc.com/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



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

Maybe he is right and maybe he is wrong, but for sure no matter what happens we should try to take all we want from Bitcoin before it gets to 0.
newbie
Activity: 13
Merit: 1
Saying that blockchain was great but bitcoin is a bubble is an ironical statement. Without bitcoin I do not think blockchain will be as popular as it is today. It is like saying the bank building is better without bankers and financial transactions.

Absolutely! Totally ironic. I can't believe he really could have said that! Maybe he is one of the whales who tries to manipulate BTC price in order to get certain profit on it?
full member
Activity: 518
Merit: 101
agreed with jack ma that bitcoin is a bubble,but can i know who say bitcoin will return to $300 in 2020?
jr. member
Activity: 140
Merit: 2
REMIIT.IO
Just because Jack Ma became a billionaire, doesn’t mean we have to treat everything he says as gospel truth. Some people just want to have a comfortable life. Bitcoin is helping a lot of people achieve this.
newbie
Activity: 73
Merit: 0
Jack Ma is an Autistic Fuck who serves the "BIG" Money
Bitcoin is in a bubble?
Right now it is almost impossible to make any money mining BTC,LTC,etc...
So tell me what is left of "the bubble" now?
If this all was in a bubble, everybody who is mining would make serious good money.
Truth is, people are turining of there miners because of losses.
And tada, it's Friday and....  Another Bitcoin dump (like almost every Friday)
There is only one problem now: MANIPULATION
I likes your opinion. All prices in the market, both crypto market and stock market certainly cannot be separated from manipulation. This is because some people hold lots of assets in large numbers, so they can regulate prices on the market.
I disagree with Bubble's accusation, because basically Bitcoin is something that is offered to become a future digital currency and blockchain is a technology platform that is used to accommodate it, so that mutual support and crpyto progress are nothing but the popularity of Bitcoin as well.
newbie
Activity: 31
Merit: 0
Perhaps Jack Ma's view on blockchain and bitcoin is correct.
Blockchain provides an online database that allocates encrypted transactions that multiple parties share and that everyone can trust. As a result, blockchain enables comprehensive audit of virtual currency transactions. China has pushed for blockchain application, encouraging businesses and academic institutions to study and use the technology, even though the Chinese authorities continue to forbid first-time virtual money laundering ( ICO) and virtual currency-related activities in the domestic market to prevent financial risk.
member
Activity: 117
Merit: 10
Jack Ma just do not understand what cryptocurrency is. he is refusing to just accept the brand new revolution to the monetary gadget. people only say terrible matters approximately stuff they have got both no expertise or little information approximately. how will you take delivery of blockchain and say bitcoin is a bubble? he is simply careworn.
newbie
Activity: 29
Merit: 0
Bitcoin is a pioneer among crypto-currencies and can not be a bubble. Everything is ahead and modern. Bitcoin will show all his power and moss to the whole world.
full member
Activity: 263
Merit: 100
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.
legendary
Activity: 3430
Merit: 1957
Leading Crypto Sports Betting & Casino Platform
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.  Roll Eyes

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.  Roll Eyes
hero member
Activity: 1274
Merit: 516
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
hero member
Activity: 1540
Merit: 759
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.
newbie
Activity: 135
Merit: 0
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.
newbie
Activity: 31
Merit: 0
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
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