Topic: Facebook coin is not a threat for Bitcoin - page 7. (Read 4255 times)
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.
I also don't think that facebook coin is not yet going to be a threat to bitcoin. There is no other coin that can make a profit as fast as bitcoin since no coin can fluctuate like that. Even though Facebook aims that it will be used in a wider base, bitcoin still beats it in that aspect.
because libra is a stable coin, I assume that libra is limited to digital payments not purely cryptocurrency, even though the demand is high the price will not increase and will not threaten bitcoin. libra seems more feasible compare with alt but not with bitcoin.
in the digital payment environment Libra is believed to be in control because of its ability for multi payments but not in cryptocurrency global market.
in the digital payment environment Libra is believed to be in control because of its ability for multi payments but not in cryptocurrency global market.
Since the beginning of the news about Facebook coin (Libra) appeared, I did not agree if it would become a threat to Bitcoin. And for me it's a little impossible, how could that happen. If it becomes a threat to stable coins, maybe that is true. I know that many people are waiting for the launch and want to buy when they are registered in exchange, but that will not affect Bitcoin. And bitcoin will still be the king of crypto.
No launch, no threat. 
I believe Libra will receive enough regulatory push-back to make Mark Zuckerburg and his friends in Silicon Valley stop.
I believe Libra will receive enough regulatory push-back to make Mark Zuckerburg and his friends in Silicon Valley stop.
I read in an article congress are requesting to pause the launch of Libra until the congress and regulators have fully examined it.
also there are some members of the congress are concern that facebook is becoming "too powerful".
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.
Yes facebook coin libra will be much different compared with bitcoin and i dont think libra will become a competitor for bitcoin instead i do think libra will bring so much balance in crypto space and also will make market more bigger than right now. 
i honestly don't even understand what all the commotion is all about when it comes to this project by Facebook. people seem to have forgotten some of the ethos that bitcoin introduced to them such as being decentralized and cutting the middle man off! the way they are talking about Libra shows they don't either understand or care about these things.
in other words we shouldn't even discuss this thing in a bitcoin forum if you ask me.
in other words we shouldn't even discuss this thing in a bitcoin forum if you ask me.
A stable coin like libra is not likely a threat to bitcoin's throne on crypto currencies. Libra is centralized while bitcoin is decentralized that no one can govern or control things, so basically we don't want libra, we want bitcoin to still reign because that's crypto currency is all about. Libra is just making noise because it was advertised on mainstream media and everyone got hyped about because it was created by facebook but it doesn't matter, all still wants decentralized system.
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.
well facebook coin is not really a threat to bitcoin but bitcoin will still get some benefits from it like getting more adoption and making more people aware in cryptocurrency.
I particularly don't think that it is later. It might be for a lot of alt coins though.
So the investors of altcoins are the ones who should be scared. It will probably displace a lot of them down the ranking and get a pretty high spot. I wonder if it would be able to surpass Ethereum.
The privacy issues they had definitely affected their customer base. But memes defend them pretty well.
So the investors of altcoins are the ones who should be scared. It will probably displace a lot of them down the ranking and get a pretty high spot. I wonder if it would be able to surpass Ethereum.
The privacy issues they had definitely affected their customer base. But memes defend them pretty well.
No launch, no threat.
I believe Libra will receive enough regulatory push-back to make Mark Zuckerburg and his friends in Silicon Valley stop.
I believe Libra will receive enough regulatory push-back to make Mark Zuckerburg and his friends in Silicon Valley stop.
This. As I have said in the previous thread, Facebook has somewhat open the pandoras box, now every regulatory board not just in US but in UE as well are going to target Libra and they're going with all their might to push this project. They won't allow Mark to take over again with this so called coin that is closed and centralised.
Bitcoin will still no. 1 in cryptocurrency even the facebook coin launch it will not become threat to the bitcoin. Popularity of the facebook coin will become better but not the potential I think. Many coins and many company who is really popular too created their own coin but look now bitcoin is still the king. I don't see any reason that facebook coin will be danger to the bitcoin.
I also don't see it as a threat to bitcoin because people knows it's the new gold that is just digital. And facebook's coin is not a real crypto and just pretending to be. Also, a lot of people in the crypto community has expressed their hate on the Libra coin and they don't like it. The privacy is going to be a big issue on Zuck's coin and internet users are starting to get the awareness that they should always take care of their private information.
How can you say that it will affect BTC?
There is no way that Bitcoin will be affected by the new cryptocurrency made by Mark Zuckerburg and his company. Just think of it like this, when new cryptocurrencies are released in the market, does it affect BTC? No, even with good currencies and good projects, it will not be affecting BTC especially this currency is connected to fiats.
There is no way that Bitcoin will be affected by the new cryptocurrency made by Mark Zuckerburg and his company. Just think of it like this, when new cryptocurrencies are released in the market, does it affect BTC? No, even with good currencies and good projects, it will not be affecting BTC especially this currency is connected to fiats.
I don't agree with it, somehow there's a little effect as this coin although it was announce a stable coin is still a cryptocurrency, well, bitcoin is.
The effect is just positive, it will make crypto popular as people will believe bitcoin is legit since facebook is planning to start their own coin in the crypto space.
I think we've seen it now, this baby bull run that we are witnessing could somehow be an effect of the announcement of facebook.
It is definitely not a threat. Many people are just hyped about it. Facebook coin will be a stablecoin meaning no huge pumps will happen. Although it will help introduce the blockchain technology to more people and associated with that ofcourse bitcoin.
How can you say that it will affect BTC?
There is no way that Bitcoin will be affected by the new cryptocurrency made by Mark Zuckerburg and his company. Just think of it like this, when new cryptocurrencies are released in the market, does it affect BTC? No, even with good currencies and good projects, it will not be affecting BTC especially this currency is connected to fiats.
There is no way that Bitcoin will be affected by the new cryptocurrency made by Mark Zuckerburg and his company. Just think of it like this, when new cryptocurrencies are released in the market, does it affect BTC? No, even with good currencies and good projects, it will not be affecting BTC especially this currency is connected to fiats.
Initially, no one said that the coin of the social network Facebook carries some threat to bitcoin.I’ll just say I’ll be happy if even more people find out what a cryptocurrency is and will use it massively. The stablcoin can compete with Bitcoin a priori just can not.
Facebook coin is not only threatened for BTC, but for a coin at all. Libra is just a simple stable coin attempt. But there is more to the market than it should be. I also have a very stable stable coins as I have signed. Why would we need Libra? Just because Facebook is behind it?
No launch, no threat.
I believe Libra will receive enough regulatory push-back to make Mark Zuckerburg and his friends in Silicon Valley stop.
I believe Libra will receive enough regulatory push-back to make Mark Zuckerburg and his friends in Silicon Valley stop.
Based on my past experience with the CEO, they will never pull back but bet you mate that, the regulations will be tough but they will endure and push the coins to the people, but the beauty about this is that, after sometime with the people, they will realize that they are just wasting time with centralization and they will drift toward Bitcoin at the end. This will equally boost the surge we are expecting in 2020-2021 and it will be materialize.
Nobody thinks Facebook Libra will be a treat to btc because they are not in the same league, the only thing i see about libra is that there are lots of media attention to it unlike other alts, Ofcours fb itself is well known social media platform used by millions all over the world and that makes Libra have an edge over others.
Exactly, bitcoin is far better that Facebook Libra, the only reason it is making a fuss because it is a coin from Facebook and as we all know that Facebook has a lot of user's thus they can use Facebook to let people know they are launching a coin. Well, I don't think Libra will have an edge because not all Facebook user's are into stale coin, it may get interest from Facebook users but I don't think it will be able to beat bitcoin.
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