Facebook coin is a global threat to BCH? - Do you agree? - page 2.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: icalical on June 12, 2019, 04:17:06 AM

No, I don't think facebook coin will be a threat to any crypto, why?
because facebook coin will be used only internally for facebook related platform like facebook, live, messenger, facebook games, whatsap etc.
So it will not be a direct threar to any other cryptos

In the initial use it does not look like a threat, but when we see this in a long period of time, it is very likely that global coin will have a far wider existence so that global coin might be used on a much wider platform. Facebook is a big name that can give a tremendous impact in building a real Global Coin image.

eternalgloom

legendary

Activity: 1792

Merit: 1283

LOL, I have to say that this article is completely ridiculous, there are coins that offer a much better alternative for cash than BCH does.
Marketcap isn't everything you know, barely anyone is actually using BCH. If BCH was indeed what Bitcoin couldn't be, a replacement for cash, then BCH would have much more activity than Bitcoin, which clearly isn't the case.

The author if this article tries to prove his point by showing technical indicators which supposedly support his claims, yet his fundamentals are complete wrong.

icalical

sr. member

Activity: 1400

Merit: 268

Fully Regulated Crypto Casino

No, I don't think facebook coin will be a threat to any crypto, why?
because facebook coin will be used only internally for facebook related platform like facebook, live, messenger, facebook games, whatsap etc.
So it will not be a direct threar to any other cryptos

Herbert2020

legendary

Activity: 1946

Merit: 1137

no, it is wrong because the only thing facebook coin and BCH have in common is their centralization otherwise facebook coin is going to a stable coin run by a well known company while BCH is a shitcoin that thrives of pump and dumps so as long as BCH is getting pumped and dumped it will remain the same as it has always been and when it stops being pump-able it simply dies just like hundreds of other similar altcoins which went the same direction. meanwhile facebookcoin will remain alive even though it can become useless in a year or two because of it centralization and lack of privacy and intense censorship.

etherixdevs

jr. member

Activity: 203

Merit: 3

Quote from: wilberthh on June 12, 2019, 04:03:13 AM

Although facebook's coin will be the opposite of what cryptocurrency is meant to be (decentralized), we cannot deny the fact that this coin has a strong hype behind it because of the brand.
Regarding the threat to BCH, I think it's debatable because Facebook is the largest social media platform thus this coin will be greatly anticipated and adopted as time passes.
This is a real threat not just to BCH but to many online payment methods too. Anyways, I hope Facebook's coin will eventually bring more people to join the crypto field.

The most interesting fact, is that Facebook, will attract more people in the cypto field. So if new users will buy Facebook coin, they will know definitley also other major coins and blockchain bringing advantages to the world sector.

wilberthh

member

Activity: 462

Merit: 12

Indonesian Translator, #1 Quality is prioritized.

Although facebook's coin will be the opposite of what cryptocurrency is meant to be (decentralized), we cannot deny the fact that this coin has a strong hype behind it because of the brand.
Regarding the threat to BCH, I think it's debatable because Facebook is the largest social media platform thus this coin will be greatly anticipated and adopted as time passes.
This is a real threat not just to BCH but to many online payment methods too. Anyways, I hope Facebook's coin will eventually bring more people to join the crypto field.

florac9

jr. member

Activity: 280

Merit: 2

☀️ Iskra Coin ☀️

Your post is not enough to even make me think the Facebook coin is a threat to any altcoins in crypto space ,its still all speculation for now and just because Facebook is on of the highest social media doesn't state the fact that it will beat top altcoins ,the adoption rate will be high no doubt about that but its not the first coin with high adoption rate

cheezcarls

hero member

Activity: 2254

Merit: 658

Looking for gigs

Hello everyone!

I just came across this article: https://www.newsbtc.com/2019/06/11/facebooks-global-coin-is-a-threat-to-bitcoin-cash-bch-down-3-7/

I don't know guys if you agree with this or not. I mean that FB's global coin hasn't launched yet in the market, but I was kinda curious about their claim of being a legitimate threat of Bitcoin Cash due to the number of users and their broad base.

It claims that they will be disrupting public chains such as BCH. I've met with BCH founder Roger Ver twice in Philippines and Hongkong. And possibly I would meet him again this month with my colleagues in the Philippines again, and I might let him comment about his thoughts about Facebook coin being a legit threat.

What do you guys think about Facebook coin being a legit threat to Bitcoin Cash? I would love to hear your thoughts about this no matter if its positive or negative.

Thanks in advance!

Topic: Facebook coin is a global threat to BCH? - Do you agree? - page 2. (Read 258 times)