Bitcoin prices skyrocket thanks to Facebook - page 3.

samcrypto

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Quote from: boyptc on June 19, 2019, 03:51:49 AM

I don't think that it's only because of facebook.

Even before their announcement, the market has became better although I consider them contributed to the recent growth of the market.

No direct impact since Facebook coin is full of hype right now but maybe investors used this news to accumulate. We have to thank those companies who are using cryptocurrency now because they also help bitcoin to rise not just Facebook, because its still speculation. I guess the halving is getting near and this might the primary reason why.

Vness10

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I think it's not the Facebook coin will come the reason why bitcoin is growing again its a fact that the right price is for this moment, maybe coincidence the announcement of Facebook coin and the high price of bitcoin.

Ayiranorea

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There is nothing to relate the growth of bitcoin along with the Facebook. With its emergence of new coin it gives a learning to people around the world about cryptocurrency which was spoken negatively till date for various reasons. With Facebook into the race now the same negativity will be understood positively by people. This will help bitcoin to get considered as currency or some form of asset than a illegal transaction medium which is the common understanding that people have at the moment.

Oilacris

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What the hell on this stuff? I never ever believe that Bitcoin price goes up because of Facebook hype as of this moment.

The market is already better,good and recovering before such news pop-out so that's why this is totally irrelevant.

peter0425

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But wait, I think Facebook coin is going to be doom before they can even take-off as US congress is calling for a halt on the development-> https://www.coindesk.com/facebook-has-yet-to-answer-us-lawmakers-questions-about-libra-crypto. So personally, I don't think that this Libra coin will have a big impact to us. The price is bitcoin is increasing because it is still under-bought and it's about time that it needs to go up because we are not in the bullish sentiments.

kryptqnick

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Quote from: putra goromo on June 19, 2019, 03:18:32 AM

It's been a while since the digital currency posted that value. The last time Bitcoin had a price above USD 9,000 occurred in May 2018, or more than a year ago.

Investigating, the presence of Facebook's digital currency has contributed to controlling the value of Bitcoin. Some investors say the social networking plan is encouraging people to buy Bitcoin. This shows optimism for the increasingly widespread application of cryptocurrency in the mainstream financial system.

The price movement is indeed very positive. Bitcoin is worth $9k, and there does not seem to be a reason for this to be the end of the upward trend. I honestly did not notice the $9k achievement, because Bitcoin has been worth almost that for some time now. At the same time, I don't think it has much to do with the Facebook coin. It's just that the positive trend kind of feeds itself. People now see that the market is clearly recovering, so they feel like now is a safe time to invest. This leads to even more investments as the price is growing and people don't want to be left out.

betty11

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It's not Facebook that caused the spike. People are psychologically bullish on bitcoin and they just can't help but keep buying. Without Libra coin, bitcoin will surpass $20k again.

samuraijin

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in fact they will be released in 2020, precisely what I know is that bitcoin halving schedules also occur in the same year, so that might also be a driving factor for the sharp increase in the value of bitcoin in that year, but who knows, I'm just a trader small who want big profits

BrewMaster

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i think you really need to take a look at the bitcoin history!
whenever some news causes some sort of rise it is not 1% rise. it is instead at least 15% rise. in other words if Facebook were actually caused any kind of rise in bitcoin then price should have reached at least $10100 for it to be a thing.
going from around $8900 to $9200 is not a big rise to be from Facebook.

and obviously as others have also said Facebook news has nothing to do with bitcoin. it is a new centralized money they are printing which doesn't even mention bitcoin in its 10 page long paper!

enhu

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Facebook will definitely play a bigger role in crypto because of this Libra project. If they have made circle of friends to partner up with, the bigger its network will be in terms of coin reputation. It could be the case of facebook announcement that help the spike.

Quote from: boyptc on June 19, 2019, 03:51:49 AM

I don't think that it's only because of facebook.

Even before their announcement, the market has became better although I consider them contributed to the recent growth of the market.

The rumors made investors buy BTC and that was before the announcement but now that the government is trying to stop its development, the price also drop. News are just news though, looking forward that they will continue the project.

BlackFor3st

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Facebook has nothing to do with bitcoin price increase as of now knowing that Libra coin is still in question by US and it's launch is not yet fixed even if they have said that they are going to launch it this year.

Bitcoin price has skyrocket because the big investors are starting to stock their own investment and the small investors are following it. Let's just hope that the launch of facebook coin will not affect the price of bitcoin.

jakelyson

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OP is overestimating the influence of Libra to Bitcoin. Bitcoin is already in a bull trend long before the announcement of Libra. I do not see it affecting the price of Bitcoin.

Quote from: putra goromo on June 19, 2019, 03:18:32 AM

Some investors say the social networking plan is encouraging people to buy Bitcoin.

While the head of the project said that Libra is distancing itself from Bitcoin. https://cointelegraph.com/news/head-of-facebooks-libra-distances-it-from-btc-well-share-information-with-authorities
I do not think that is an encouragement to buy Bitcoin.

agatha90

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Facebook also wants to introduce cryptocurrency to the mainstream. The company wants to allow WhatsApp users - a chat platform - to send and receive money through the application. This will also allow Facebook users to send and receive funds instantly. The cryptocurrency project is already at the level that has discussed selling "Facebook Coin" to consumers on the top cryptocurrency exchange.

Ris88

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I think this has no effect on the price of Bitcoin, indeed, from the very end, Bitcoin has begun to crawl up though gradually, with news that Facebook issued a statement regarding libra coins that Facebook wants to bolt, does not mean that prices are rising in all markets because the news, I think this is your mistake !!

klaaas

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No the price movement of Bitcoin cant be justified with the news about facebook and there project alone. It for sure stimulate the overall crypto interest now facebook have released there plans.

D3m1r4wanti

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It seems like the current development of Bitcoin prices is not the influence of Facebook planning to launch a crypto currency, some time ago the price of bitcoin has begun to grow

Broly46

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Quote from: kingcolex on June 19, 2019, 06:37:15 AM

Quote from: Broly46 on June 19, 2019, 06:32:55 AM

First I thought Facebook founder finally invest into bitcoin, then I read the title and finally realized they just create another fork or spoon or chopsticks whatever. It is hardly justify they actually did anything to bitcoin price.

It's most definitely not a fork, it is its own chain full of its own shit with no past transaction history.

Also to OP, the price was already in this range Facebook's Libra had nothing to do with it.

What is this Facebook coins everyone is fascinating about, why it has to do with Libra coin, I don’t know anything what they’re bragging about, but I really looking forward to Facebook founder to finally put their money in where their mouth is. And wow, their so called chain are having first genesis block at 2019, which is 10 years late to the party? I think they’re extremely slow to the adoption.

dothebeats

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I don't think Facebook's cryptocurrency talks has anything to do with the actual happenings in the bitcoin market of recent times. Even before the launch of Libra Coin was realized, bitcoin was already in a craze and has been hitting the greens for months. If anything, the launch perhaps helped people trust in cryptocurrencies more, or at least know that giant companies are also on the verge of introducing more to the table, especially cryptocurrencies of their own.

stfN2128

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Bitcoin price was increasing long time before facebook has officialy announces their fkn libra coin... i really doubt that it has something to do with facebook coin. There are so many factors spaeaking for an increasing crypto market... + adoption and technology was moving forward during the bear market

Herbert2020

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going up 2-3% is not called "skyrocket" in any market specially bitcoin market that 10% rises are still considered small rise Cheesy

if you haven't figured this out yet then maybe you shouldn't start talking about bitcoin price at all. besides this rise was the continuation of the rise that has been going on for a while now ever since a couple of months ago price exited the downtrend and reversed upwards by breaking the $4k resistance.

Facebook and their centralized payment system is not even a cryptocurrency as we know it! and it has not yet gotten hyped up to be able to betray enough people's privacy for them to seek out decentralized bitcoin instead.

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