Topic: An uncertain future of Libra! Is it good for the crypto traders? - page 2. (Read 584 times)
January 18, 2020, 06:36:25 PM
quite a long time I did not hear news about LIBRA, last year this coin was the talk of many people and many also said that LIBRA will be a great altcoin in the future. now we have arrived in 2020 and many people are waiting for the emergence of LIBRA, this will soon be interesting news
January 18, 2020, 06:19:26 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.
January 17, 2020, 10:57:06 AM
Lybra project is still a puzzle in the cryptoqurrency industry, many people are waiting for the presence of this facebook coin and on the one hand many people do not expect the project to come in this industry. but for me personally do not mind the arrival of the Lybra project one day. but many people assume that facebook coins are not much different from other stable coins such as USD, USDC and may have positive points for the market especially can attract the adoption of new investors.
January 17, 2020, 10:43:30 AM
Libra will be good to the traders once they saw an opportunity to trade it, traders makes money by trading and i think its a double money if they will be an investor as well before it goes to the market. Libra will be another coin to trade that was exciting and hope ot brings massive adoption to crypto.
January 17, 2020, 09:43:02 AM
Until now theres no exact date of launching of Libra and people stil hoping to this project because of its concept that will bring a bright future to all crypto lover since this project is stable coin but not all people fan of libra instead they all enought to USDT.
January 17, 2020, 09:39:47 AM
Halt of the libra will be good for all of us. Facebook shouldnt have too much power
I agree with you. Libra would be a very scandalous stable coin if it were issued. I hope this does not happen. Now many states plan to issue their own national stable coin and therefore Libra has already lost its chance. Stable coins of China, the USA, and other leading world states will seize the initiative in Zuckerberg. In my opinion, stable state coins will be more popular with users than Libra, even if this coin is issued. January 17, 2020, 09:34:44 AM
The future of the Libra doesn't add any sense for the future of the cryptocurency traders. The cryptocurrency can still boom with or without libra. Libra is just a stable coin and it will not affect the market because it will work like the normal fiat currency which people will just use it to do online transactions in a faster phase.
Although we all believe that libra will be a stable currency like fiat but that was the final stage when the project was thoroughly completed, in the case that the project is still developing under the direction of Facebook and the government, the value of Libra will be unstable, even creating waves in the market. The meaning of libra will be very different and especially attractive to crypto investors when its safety has been upheld, managed very well and still brought benefits to everyone, a new market for stable crypto and are regulated will begin to come to traders January 17, 2020, 09:33:12 AM
USDT should be enough.
Adding more stable coin will just kill the economy of altcoins.
Up to now we are not seeing any good increase with altcoins unlike before.
It is not even being used in trades anymore.
Also, that project smells fishy. I would really not support it or even buy it. Hell, I dont even support facebook because of privacy being leaked.
Adding more stable coin will just kill the economy of altcoins.
Up to now we are not seeing any good increase with altcoins unlike before.
It is not even being used in trades anymore.
Also, that project smells fishy. I would really not support it or even buy it. Hell, I dont even support facebook because of privacy being leaked.
January 17, 2020, 09:24:01 AM
Libra is in a different position right now, like USA government literally got into it. This kinda means if Libra ever publishes that means they have to get a permission from US government and that kinda means its backed by the US government as well, at least legally.
So, if we have in the current market a stablecoin that is backed by the US government even in just legal sense, that will probably change a lot of metrics. We will probably have bitcoin pegged to Libra instead of USDT for example in ALL exchanges, people would move from bitcoin (or alts) to Libra instead of USDT and that would make facebook very very rich. I don't know what the result will be for something like that but I know people would prefer it over anything else 100% of the time for sure.
So, if we have in the current market a stablecoin that is backed by the US government even in just legal sense, that will probably change a lot of metrics. We will probably have bitcoin pegged to Libra instead of USDT for example in ALL exchanges, people would move from bitcoin (or alts) to Libra instead of USDT and that would make facebook very very rich. I don't know what the result will be for something like that but I know people would prefer it over anything else 100% of the time for sure.
January 17, 2020, 01:16:18 AM
Halt of the libra will be good for all of us. Facebook shouldnt have too much power
I agree with you. Libra would be a very scandalous stable coin if it were issued. I hope this does not happen. Now many states plan to issue their own national stable coin and therefore Libra has already lost its chance. Stable coins of China, the USA, and other leading world states will seize the initiative in Zuckerberg. In my opinion, stable state coins will be more popular with users than Libra, even if this coin is issued. January 15, 2020, 10:17:32 AM
..snipped..
Let's wait and see what will happen!
Yes, everyone is in talks with it when the Facebook developer had announced about their own coin but something it changes when the regulatory board is questioning its capability. However, it takes a process and as what you've said...we will just wait and I'll do it so.
January 15, 2020, 10:00:11 AM
The future of the Libra doesn't add any sense for the future of the cryptocurency traders. The cryptocurrency can still boom with or without libra. Libra is just a stable coin and it will not affect the market because it will work like the normal fiat currency which people will just use it to do online transactions in a faster phase.
January 15, 2020, 08:34:09 AM
Libra if is a openly traded crypto, it would be a good tool for crypto traders. It's a stable coin that may be much more stable than any fiat as it uses a basket of currencies rather than a single currency or asset.
But with current situation and as they wait for the results of the election in US, the future is really uncertain.
But with current situation and as they wait for the results of the election in US, the future is really uncertain.
January 15, 2020, 08:30:36 AM
I think Libra is truly closed and we should not hope anymore. The US government will certainly make it difficult for Facebook to hear about the hearing and make this startup die prematurely. because so many factors need to be controlled if Libra can really work properly, so Congress tries to make the project difficult and make Zuckerberg give up. I think this is a smart strategy because there is no government that wants a top company to live with crypto, it will cause a huge gap in the money flow.
January 15, 2020, 08:19:30 AM
Halt of the libra will be good for all of us. Facebook shouldnt have too much power
Especially to hold the centralized economy with its power that will be achieved when libra gets approved by the regulators. That's why the majority of the countries are banning this one from their territory caused by the possibility for facebook to control multi-trillion dollars on its centralized ecosystem will disrupt the traditional economic system.
As a major company and it always wanna create more and more domination and we can see so many platforms have already bought by facebook to create massive expansion.
January 15, 2020, 07:52:25 AM
Halt of the libra will be good for all of us. Facebook shouldnt have too much power
This sword has two blades. On the one hand, Libra will be a fairly strong opponent for Bitcoin when it comes to entering the financial market, but on the other hand it will strongly promote cryptocurrencies. Over time, it will turn out what will be better for the cryptocurrency market.
January 15, 2020, 07:38:17 AM
Halt of the libra will be good for all of us. Facebook shouldnt have too much power
January 15, 2020, 07:30:20 AM
I think Facebook and co have other worries right now
https://www.mzwnews.com/wp-content/uploads/2019/12/Parsa-v.-Google.pdf
https://www.mzwnews.com/wp-content/uploads/2019/12/Parsa-v.-Google.pdf
January 15, 2020, 06:06:38 AM
There has been an issue in US government to literally accept Libra coin as this projects is a stable coin paired to banking system. I don't think it is good for traders to choose Libra coin to trade or even to invest. It is not worth to invest something like stable coin, right? Anyway, until now Libra coin has so many conflicts. I don't even think the project will proceed to the launching stage.
it has already explained so many times if the project may get the delay in the past but the libra developer has released the new whitepaper at the middle of the last month. People don't even wanna invest in it until it's clear about the status of the libra coin. You should know more about what was the purpose of libra coin rather than judge it as an investment because it's not even an investment purpose. It will be used as a payment system. Did you understand libra correctly?
January 15, 2020, 06:01:23 AM
There has been an issue in US government to literally accept Libra coin as this projects is a stable coin paired to banking system. I don't think it is good for traders to choose Libra coin to trade or even to invest. It is not worth to invest something like stable coin, right? Anyway, until now Libra coin has so many conflicts. I don't even think the project will proceed to the launching stage.
Certainly Libra will not be a good tool for investors, but it will definitely be very interesting for speculators. In my opinion, it will be a very similar coin to XRP, so not really stable coin. Unfortunately, I'm not sure if it can be called cryptocurrencies at all.
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