I think this is neither good nor bad. We do not know what specific problems and difficulties the crypto community will face after the Libra project enters the market.
Perhaps this will provoke uncontrolled growth, perhaps on the contrary, a severe crisis. The fact that they are discussing the project but do not close is already a reason for joy.
Topic: An uncertain future of Libra! Is it good for the crypto traders? (Read 607 times)
January 20, 2020, 07:15:48 AM
Libra seems to me simply a scam in the grand style devised by Zuckenberg to accumulate even more money and power behind those who do not understand the most basic mechanisms of the economy and money. (and obviously crypto)
I don't know what will happen, maybe it's a good investment.
I do not like it.
It's not even an investment and when you are seeing stable coin like USDT and it will be very similar as that caused by libra will be also become the stable coin and i just expect it to be backed by fiat money like dollar too. I don't know what will happen, maybe it's a good investment.
I do not like it.
There is no something wrong with it as long as it will be used on facebook ecosystem too but again if it's not even an investment for investors.
Most likely it want happen anyway as money must be available to anyone, no matter who you are, Facebook has people banned already.
Imagine the mayhem if select people allowed to have money.
January 19, 2020, 07:34:57 PM
Libra seems to me simply a scam in the grand style devised by Zuckenberg to accumulate even more money and power behind those who do not understand the most basic mechanisms of the economy and money. (and obviously crypto)
I don't know what will happen, maybe it's a good investment.
I do not like it.
It's not even an investment and when you are seeing stable coin like USDT and it will be very similar as that caused by libra will be also become the stable coin and i just expect it to be backed by fiat money like dollar too. I don't know what will happen, maybe it's a good investment.
I do not like it.
There is no something wrong with it as long as it will be used on facebook ecosystem too but again if it's not even an investment for investors.
January 19, 2020, 06:37:21 PM
Libra seems to me simply a scam in the grand style devised by Zuckenberg to accumulate even more money and power behind those who do not understand the most basic mechanisms of the economy and money. (and obviously crypto)
I don't know what will happen, maybe it's a good investment.
I do not like it.
I don't know what will happen, maybe it's a good investment.
I do not like it.
We can't say anything yet about its future because it has not been introduced to the public.
There are so many drama around it, so I don't know what they are doing behind to push it thru.
If Zuck will be successful in finally launching it to the public and have actual operations, from that time, we will slowly see what's gonna be in it for Libra.
But this early, we can't tell yet because we don't know exactly what benefits or advantages this is for a crypto user or for FB user.
January 19, 2020, 06:26:32 PM
Libra seems to me simply a scam in the grand style devised by Zuckenberg to accumulate even more money and power behind those who do not understand the most basic mechanisms of the economy and money. (and obviously crypto)
I don't know what will happen, maybe it's a good investment.
I do not like it.
I don't know what will happen, maybe it's a good investment.
I do not like it.
January 19, 2020, 04:45:20 PM
As far as I understand Libra is a kind of stable coin so there won't be any trading opportunities with it. I think it will be primarily used in the FB ecosystem sending to other users as simple as sending messages so it will have a huge adoption to the Libra and to the crypto as well. Facebook will not give up on its plan of launching IIMO we will hope for the best in terms of regulatory approval.
The only positive thing about Libra is that if it succeeds it will open a new market for crypto which is a market of facebook users who never heard about cryptocurrencies a think of them as too difficult and too technical. It's better for them to use libra and maybe learn something along the way than still use fiat.
If it doesn't happen and Libra gets rejected it's all fine. We had a 20 thousand dollar bitcoin without Libra!
January 19, 2020, 07:28:48 AM
A token that is non-existent have no effect on traders. Libra has yet to be launched so there is no good or bad thing about it. In short, it has no effect on the market yet. Aside from that, being announced as stablecoins, Libra is not good to get profit from since its price is fixed. I have no idea how it will affect crypto traders when it has little to no volatility if ever launched.
Everything in libra these days eversince last years discussions was generally a myth and not reliable for now. As long as this potential coins hasn't entered the market of any exchanges, I don't think we have an assurance to that. Getting profit is not a good idea, since it wasn't yet a token or coin and there is no products associated to it to be called as strong asset.
January 19, 2020, 07:07:03 AM
Libra if it will be launch this year would contribute to the hype of the market, but if its not gonna be launch, there's still a lot of things that could contribute to the hype, one particular big thing is the coming halving and I think people are really thinking it would cause a pump of btc price, the market movement that we just recently witness could be the cause of people's manipulation, bitcoin price started at sub $7k this year, it rise to $9K so it's not possible it will rise to $15k by halving time.
January 19, 2020, 06:40:42 AM
A token that is non-existent have no effect on traders. Libra has yet to be launched so there is no good or bad thing about it. In short, it has no effect on the market yet. Aside from that, being announced as stablecoins, Libra is not good to get profit from since its price is fixed. I have no idea how it will affect crypto traders when it has little to no volatility if ever launched.
January 19, 2020, 05:12:57 AM
Libra is a stable coin project so for traders its just another one like tether or USDC or any stable coin,if LIbra never reaches the market the traders have nothing to lose they will find other trading pairs.
Actually its use case cant e considered as stablecoin or part of digitalization. Why? The purpose of libra is to become digital currency for its affiliate merchants which the focus is for payment gateway to their services and marketing ads. Yes they will include blockchain but the scope is limited alone to their establishment. Where is the decentralized approach there?
Libra will become the digital currency with consider to put is as a stable coin and remove the volatility. Libra has use case as stable coin combined with the ability to pay any services that available in any of facebook platforms. Dude, you must try to read the libra WP again.
January 19, 2020, 02:10:52 AM
I think the Libra project is still unclear because it is still constrained by licensing and regulation. and until now there has been no official news whether libra will be released this year or not. and I think this libra hype has no impact on cryptocurrency trading. and if later the Libra project is officially released in my opinion it will also not have an impact on the crypto market because this libra is a coin that is centralized and fully controlled by Facebook.
January 19, 2020, 01:07:13 AM
Facebook itself will not have too much power if Libra happens, it will be regulated soooo hard in USA by the SEC that eventually it would basically be a stablecoin SEC controls that the profits goes to Facebook, like in money sense facebook will get rich but with rules and regulations SEC will basically control it however they want and change whatever they want.
I personally will not use it myself but I feel like if Libra happens there will be a lot of changes out of nowhere all the time that will hurt people that use it. Let's hope it is not like that and lets hope that people do get what they want out of Libra and everyone around the world will start using their apps to send and receive money but I know technology will never be adopted that quickly.
I personally will not use it myself but I feel like if Libra happens there will be a lot of changes out of nowhere all the time that will hurt people that use it. Let's hope it is not like that and lets hope that people do get what they want out of Libra and everyone around the world will start using their apps to send and receive money but I know technology will never be adopted that quickly.
January 18, 2020, 11:47:03 PM
i'm not sure if libra has a future that in reality the launch hasn't even been done, so why would you consider libra when they haven't launched it. we should be more patient about developments that will happen because when the market is bullish then anything can happen for the release of any project there
I think the Libra platform still has many problems that often occur and I have read several articles that many founders are starting to abandon the Libra project, while the conditions of the exchange should not be able to directly influence the movement of Libra Coin prices can get the effect of demand and use in society if very useful then it can certainly be expensive and can have more development. legendary
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January 18, 2020, 10:56:17 PM
I doubt Libra project, which previously were all their big partners dropping out, this time they were not ready to release in 2020. This is clearly a form of project failure. besides, claims to be stable coins in my opinion will not go well, unless they can beat the USDT. why should use libra? while USDT is better and accepted in various large exchanges incrypto world.
Libra might target the average person who doesn't really know about crypto and its depth. Probably gonna works like Paypal but in form of crypto and they'll increase the adoption by merchants instead of making it listed on various exchange. But, it's just an empty discussion simply because all these rumoured features which Libra possibly carries in the future is just an empty talk without valid proof. 
January 18, 2020, 09:32:22 PM
i'm not sure if libra has a future that in reality the launch hasn't even been done, so why would you consider libra when they haven't launched it. we should be more patient about developments that will happen because when the market is bullish then anything can happen for the release of any project there
January 18, 2020, 09:24:50 PM
"What is Libra? A currency, a derivative, a security, a commodity pool or etc.? Lack of clarity in asset class is one of the regulatory challenges to launch this big initiative by Facebook. Cash withdrawal system is also a big challenge! Cell networks, working with retailers and others to sell consumers products can help them in this case" - This analysis is done by Coindesk.
What's your opinion?
Another thing,
A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/
So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.
I have this feeling that market condition will push its developers to compromise so they can launch Libra, if the market condition has become bullish and investors are so willing to invest money, on all the coins that have potential in the market, the developers of Libra will be motivated to launch even making a compromise, it's great to launch a project in the bull market.
January 18, 2020, 09:21:36 PM
Libra is a stable coin project so for traders its just another one like tether or USDC or any stable coin,if LIbra never reaches the market the traders have nothing to lose they will find other trading pairs.
Actually its use case cant e considered as stablecoin or part of digitalization. Why? The purpose of libra is to become digital currency for its affiliate merchants which the focus is for payment gateway to their services and marketing ads. Yes they will include blockchain but the scope is limited alone to their establishment. Where is the decentralized approach there?
January 18, 2020, 09:14:03 PM
"What is Libra? A currency, a derivative, a security, a commodity pool or etc.? Lack of clarity in asset class is one of the regulatory challenges to launch this big initiative by Facebook. Cash withdrawal system is also a big challenge! Cell networks, working with retailers and others to sell consumers products can help them in this case" - This analysis is done by Coindesk.
What's your opinion?
Another thing,
A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/
So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.
It might take longer for Libra to launch because there are many inhibiting factors and one of them is politics. If Libra was launched, the American government certainly did not want the dollar's dominance to be disrupted on the world market and their dominance in the monetary world. The presence or absence of Libra in my opinion does not significantly influence the cryptocurrency market
January 18, 2020, 06:48:08 PM
I doubt Libra project, which previously were all their big partners dropping out, this time they were not ready to release in 2020. This is clearly a form of project failure. besides, claims to be stable coins in my opinion will not go well, unless they can beat the USDT. why should use libra? while USDT is better and accepted in various large exchanges incrypto world.
January 18, 2020, 06:41:58 PM
It has no effect on the market, imo.
Libra is a coin that is issued by a central party, which is something that is completely different to what decentralized coins are for. So it would be definitely incorrect to even compare the two let alone suggest that there is some sort of correlation between them.
It doesn't bring any additional liquidity into the market, even, which is something that institutional investors can do. It doesn't drive adoption, it doesn't drive long term fundamentals. It's a non-factor.
Libra is a coin that is issued by a central party, which is something that is completely different to what decentralized coins are for. So it would be definitely incorrect to even compare the two let alone suggest that there is some sort of correlation between them.
It doesn't bring any additional liquidity into the market, even, which is something that institutional investors can do. It doesn't drive adoption, it doesn't drive long term fundamentals. It's a non-factor.
No effect yet because they haven't been launched yet. So we haven't experienced their impact yet on crypto market. So there's no reason why we are talking about it right now. MAybe once it is launched in the public, then we can discuss its benefits or disadvantages.
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