The sooner Libra will go live, the better is for Btc. Most of the people who buy Libra will start to get familiar with cryptocurrency.
This might open the appetit for other crypto, as well, most likely Btc will be on the short list.
Topic: Facebook coin is not a threat for Bitcoin - page 4. (Read 4282 times)
I can say that the recent upward trend in BTC is because of the announcement about facebook's Libra coin whitepaper. Facebook coin is indeed not any threat to our original crypto, BITCOIN so I am much happy to see things go the way they are going and I hope to see more when it is fully launched
I agree on you.This current growth of bitcoin might simply because of the said launching of facebook coin.I really think that facebook coin is not a big threat for bitcoin because bitcoiners will always go on a coin with full of fluctuations because it gives them thrill to see prices suddenly rising up and knowing facebook coin,it is just like USD that has a stable price so investors would not likely to benefit from it. Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.
I don't think that even their intentions was to compete with BTC in the first place.
The fact that they are structured much more like a centralised stablecoin means that they essentially acknowledge the fact that they won't go into the decentralised market (probably due to regulation as well), and that their primary competitors will be traditional banking institutions, as well as the issuers of existing stablecoins.
This is why you see articles that state concern about Libra's legality, because a lot of people in the banking industry is concerned with the competition that it brings.
But even if it's not a direct competitor of bitcoin, should it be used? No. It is very easy for them to base their currency off fractional reserve, and in which case, it'll be no different to traditional bank deposits except they may be subject to even less reserve regulation.
The Libra white page does not mention Bitcoin at all? That is like the Trojan Horse identifier.
That is best thing to do say for Libra.A Trojan horse.A Trojan horse send by the anti-bit coiners like banks,government and ect. If we caught for this trap it will be the beginning of ending bitcoin.Whatever they say don't caught for that.A bomb covered with chocolate layer of whitepaper which didn't even mention the king of crypto-currencies.
The Libra white page does not mention Bitcoin at all? That is like the Trojan Horse identifier.
Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.
I don't agree with you.Libra will be the next main competitor of bitcoin in future. US and other governments around the world will also support the Facebook's pride coin Libra.Main reason is governments and facebook company can control your account.They will track very transaction you made..If any thing its looks like suspicious, they can block the account and seize that.Just like as bank transactions in nowadays.After the Libra spread then they will start the war against bitcoin,that the coin they can't control.They introduce the alternative coin for you.Now you have nothing to say.
Facebook is going to partner with dozens of the most wealthy and powerful mega-corporations in the world and they are going to buy up Bitcoin so that they control the market as much as possible. That is what Libra is. They say it is just a harmless token but they are just going to partner up to take over Bitcoin. Libra takes the balance away from de-centralization and placing it back into the mega-corporations pockets. Facebook is up to no good as usual.
It is no different than Facebook saying we care about protecting your privacy. They don't.
It is no different than Facebook saying we care about protecting your privacy. They don't.
I perceive the expansion of the cryptocurrency market positively. Because there was a time when people did not believe in the blockchain. But now it doesn't even matter which companies, facebook, visa or paper are launching their coin. All this shows the value of the blockchain and reinforces public interest in it. So people can better understand the true value of decentralization and the power of blockchain technology, and innovation can start to happen faster and faster.
The society is not ready, because there are not enough popular sources where people could learn how to use cryptocurrency. I am glad that I found the project taklimakan, he helped to deal with many terms and understand how to trade on the crypto exchange. But we still continue to see cryptocurrency price manipulations. So it will be interesting that Facebook will be able to offer users and investors.
They ultimately have a grandiose goal to compare with Bitcoin in popularity and make a very flexible product that will allow a large number of users to send cryptocurrency without any problems and use it for purchases. However, on the whole, the society is not prepared to start using cryptocurrencies en masse, since speculations are too strong
When it is planned to launch another cryptocurrency on the market, a large brand like a facebook arises more doubts than joys. Even using a blockchain, can they guarantee the confidentiality and security of user data? What about past scandals, where did the whole world find out about the flaws in their privacy system?
When it is planned to launch another cryptocurrency on the market, a large brand like a facebook arises more doubts than joys. Even using a blockchain, can they guarantee the confidentiality and security of user data? What about past scandals, where did the whole world find out about the flaws in their privacy system?
I can say that the recent upward trend in BTC is because of the announcement about facebook's Libra coin whitepaper. Facebook coin is indeed not any threat to our original crypto, BITCOIN so I am much happy to see things go the way they are going and I hope to see more when it is fully launched
Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.
This is what many people need to know, read carefully a whitepaper if he finds a new project. I've been looking a lot of thread that stated the user of bitcoin will be easy to move their investment in bitcoin to libra coin whilst when I read the whitepaper of libra there isn't made me interested that it is a good place to be choose for an investment place. Nevertheless, I must give a flattery sentence to libra coin because when the rumor this coin came has been changing the sentiment market of bitcoin. I believe the increased price of bitcoin from $5000 or below was helped by this coin information which make a lot of investor or newcomers believe that bitcoin is real and really safe to be say as an asset. Right, I think that Libra is not any danger to Bitcoin. This is something completely different, but I think that (maybe) thanks to Libra, some of the toppest brands like Visa, PayPal or Mastercard etc. will support the platforms where you can buy Bitcoin like for example buycoinnow. That would be great if Libra were the beginning of a "buying revolution" in the cryptocurrency world
I would love to buy Bitcoin using PayPal, that would be a great solution and I think that many people would be grateful for that. We could finally buy cryptocurrencies quickly Facebook coin (Libra) was never going to compete with bitcoin because it's a stable coin. It will take much more than just this to unsit bitcoin
Indeed, a stable coin can't compete to a coin that can move up high easily and beside from being a stable coin Facebook coin is centralized and right now they are facing a big pressure from the US Government so investors will have doubt now if its continues to become a problem. Adoption with cryptocurrency is good, more companies will go and compete with each other but they can't create a threat to bitcoin because its a strong coin and many investors will backed up bitcoin. who said it is?
the only reason why there is a lot of talk about it is because of the news sites that were desperately waiting for something to write about and that has been bringing a lot of newbies attention to this coin, which in my opinion should not even be called a coin. we should call it a centralized online payment processor.
by the way it has nothing to do with price and bitcoin is not an investment, if it were then its price would have tanked hard a long time ago just like how altcoins get dumped and never recover again since altcoins are purely for investment and have no other usages.
the only reason why there is a lot of talk about it is because of the news sites that were desperately waiting for something to write about and that has been bringing a lot of newbies attention to this coin, which in my opinion should not even be called a coin. we should call it a centralized online payment processor.
by the way it has nothing to do with price and bitcoin is not an investment, if it were then its price would have tanked hard a long time ago just like how altcoins get dumped and never recover again since altcoins are purely for investment and have no other usages.
I think this Facebook coin is still worth mentioning as a coin because the coin adopts blockchain which has cryptographic basics. It might be called a coin ripple, yes this coin is centered like a ripple.
Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.
Is it? I don't think Libra will be a stable coin. Where did this information come from? Source?
Yeah you have a point, most of the investors will not invest in Facebook coin knowing that they cannot gain much in it's prices as it is more stable compare to other crypto currencies out there.
Most of the investors are looking for a good profit in a short period of time and crypto currencies who are not that stable are good for them because if you can predict the correct price to buy and sell then you can surely boost your profit.
Most of the investors are looking for a good profit in a short period of time and crypto currencies who are not that stable are good for them because if you can predict the correct price to buy and sell then you can surely boost your profit.
Will Libracoin be banned in countries such as India? I think that the creation of Libra can be a blessing in disguise. It will remove the taboo faced by the cryptocurrencies, since it has the approval from most of the major tech giants. Although it can emerge as a competitor for Bitcoin, my guess is that most of the users may be first time crypto users and there is a good chance that some of them may shift to Bitcoin later.
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