Topic: Facebook coin is not a threat for Bitcoin - page 6. (Read 4301 times)
I don't see any threat of Libra to bitcoin because Libra is in a different league which will be more like a payment instrument and a stable coin pegged with USD, EUR etc. I think the threat of Libra is on banks and not on 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.
Every website wants to join the bandwagon. Just to say something even if they don't know what they are talking about. For sure, most of them don't know how to transact any altcoin out there. We should not take seriously all the fuss they are making out of it. And on my end, FB coin will never be a threat to bitcoin because they are totally different in nature.
we should call it a centralized online payment processor.
crypto users who like decentralization are certainly smarter, they won't be easily attracted to it.
I don't believe it too because it might one of the way of some people to attract more investors specially those newbies who wanted to have some quick and sure return because the owner of the coin is one of the biggest company in the world.
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.
Let's not assume the price of fb coin. In the first place, facebook isn't confirming if the name will be really fb coin. And the price is still unknown whether it is a stable coin or not. However, I don't think it will be a threat to btc. Fb coin is still some altcoin, too. Let us just wait for some sure news about 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.
actually there is no threat of any coins to bitcoin. even though the release of the Facebook coin today will have no effect. but it's just that bitcoin fluctuations are affected because to invest in Facebook coins still use bitcoin, but that is not a problem.
If about 50% of facebook users decides to try facebook coins because of the companies reputation, won't the demand of the price make the price surge and hence call investors to convert their bitcoins for facebook libra? It is a great treat to Bitcoins and Ether.
Even if the Libra was a volatile coin like the bitcoin and other coins, it still would have been no threat to the bitcoin, bitcoin has more trust by the people and has more secured network and operates on a very sophisticated technology. Anyone who has tasted bitcoin has no choice than to keep looking at it for more gain. Bitcoin leads and continues to lead while others are altcoins and will continue to be altcoins.
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.
Basic stuff.!Why people try to tie up anything with Bitcoin?It wont really make any effect or do have threats to bitcoin.
Stable coin vs a volatile one does really have their own purpose or market.It do just depend on where people would
tend to use it up.
hero member
Activity: 752
Merit: 500
Bcnex - The Ultimate Blockchain Trading Platform
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.
Every altcoin aren't for just investment, some altcoin has a very good technology and plan! They are working hard for the crypto mass adoption, we should appreciate that!
Probably. But if it's become regulated by different countries especially America and China, I believe it's going to rule out Bitcoin.
I don't think this is going to happen. Maybe Facebook has such ambitious but it's not very likely .
Although it's promoted like safe and and secure coin backed up with some real money and real money transactions I don't think this is enough for success and enough to attract users. So far Bitcoin isn't in any danger and I don't think this is going to change.
Yes of course it's not, only those people who think FB coin is a threat for Bitcoin is not doing their researches right and over reacting to this issue.
When Facebook decided to create their own blockchain and coin I'm sure that they've seen a potential in this project and they'll not back down, it's good for cryptocurrency itself because a big social media platform will starting to use and innovate it.
When Facebook decided to create their own blockchain and coin I'm sure that they've seen a potential in this project and they'll not back down, it's good for cryptocurrency itself because a big social media platform will starting to use and innovate it.
I don't think Libra is a threat to Bitcoin despite the fact that Zuckerberg is behind this project. The community does not pay attention too much to Libra compare to Bitcoin right now and as for me, Bitcoin still better for long term investment.
The Facebook crypto-currency Libra seems like the biggest threat yet to emerge since Bitcoin started. I am not a fan of Facebook. I do not like the idea of Libra. Libra will cause too many problems. Libra is definitely un-friendly for the crypto-sphere and people here in all ways imaginable. Bitcoin is a disruption with healthy technological visions for the future. On the other hand, Libra is just a bunch of problems for everyone.
Libra was designed to take the fun out everything and cause problems. Libra has bad intentions.
Libra was designed to take the fun out everything and cause problems. Libra has bad intentions.
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.
it was never a threat to bitcoin it was always suppose to be used for a completly diffrent thing then bitcoin, its more of a token then for storing value.
project it will be best being used to cater FB users and those who are not really aware how crypto really works they should have different target audiences so it will not become a threat but another working partner to bring new players inside this industry.
The Facebook crypto-currency is definitely a threat to all other crypto-currencies.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
If facebook coin price will stable like USD, it is hard for the investor to search for profit. The investor will find the other coin which could give them a profit, and I am sure they will find from the other coins. The investor needs to analyze the other coins price so they can buy at a low price and sell at a high price. If the investor can get a coin which has a gap for the buy and sell price, they will be able to make a profit. I think if Facebook launches their coin at the market, it will give the traders to find more profit.
Probably. But if it's become regulated by different countries especially America and China, I believe it's going to rule out Bitcoin.
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.
it was never a threat to bitcoin it was always suppose to be used for a completly diffrent thing then bitcoin, its more of a token then for storing value.
While you are worried that Libra will negatively affect Bitcoin, Bitcoin's price has reached the price of $ 10k6. Don't worry because much of the information that Libra will be stable coin, so it's like USDT, is not a threat to Bitcoin. No need to worry because Bitcoin will always be the king of Cryptocurrency.
Kinda true although still potentially steal the money from bitcoin's market cap but it's exist as a means for saving anyway. People will still convert to BTC at the end of the day. I think that facebook is just trying to earn fortunes out of the transaction that's made daily. Just like any stablecoins existed. Jump to: