Topic: Facebook Cryptocurrency - page 10. (Read 10299 times)

Now all the princesses around Bitcoin remain the same, but after the news about the new Facebook project, the hype has increased several times and many are trying to determine the real possibilities of Libra.  Until we see the final result, we will not have real answers about how Libra will affect Bitcoin or dollars.

Governments don't want to see the mass usable cryptocurrency which they can't intervene. If there is no chance to change its power by governments, the officials will try to do their best for hunting the global coin. Facebook share the private information with the governments and they caught several times. After the fines, they tightened their terms of service and it will be the same for Libra on social media.

Due to the laws of some countries, Facebook's coin might not be announced, FB has money that enough to make other big countries worried about, the coin could possibly replace some fiat money, and be a money washer also.
So I think if fb's coin could get to real life, cryptocurrency market could have very very big change

Libra will not shift BTC, for whatever reason, even though currently Libra is not yet available, I'm sure Libra tokens have a high Supply value, if the inventory is large, then the tokens must have low value, this is affected by supply coin/tokens, BTC experiences limited supply at 21 Million, then the price of BTC will continue to move up, along with the scarcity of BTC on the market.

So far there are a lot of coins that predicted as the threat to bitcoin. In fact fake news and fuds were/are created to downgrade bitcoin sadly they are disappointed. Bitcoin is strong and seems impossible to destroy. I respect your belief.

Your sentiment bodes well. I concur with you if Facebook coin won't get an opportunity to contend with Bitcoin or other well known altcoins until further notice. Also, if the Facebook coin is a steady coin. The coin isn't appropriate for venture resource, so individuals ought to like to pick Bitcoin or top altcoins. Try not to be so apprehensive with new coins, folks.

I don't think this can affect Bitcoin value because until now Bitcoin still dominates this market and Libra is just a coin issued based on the blockchain platform so there will be no problem. I think Libra will have a lot of legal problems in the United States because it doesn't want this coin to be released but hopes that Facebook can get over it in the near future.

A stable coin for me is Bitcoin itself. I do not use direct stable coin, it is not interesting in trading. I trade only Bitcoin-Altcoin.

Libra might be a stablecoin, but it could still gain a lot of attention within the mainstream world. Despite prices remaining relatively static, Libra's demand could rise at an exponential rate within the future if it becomes a huge success. Blazing fast transactions and extremely low fees will greatly contribute towards higher usage of Libra.

Of course, many crypto enthusiasts (including me) are not much of a fan of this new cryptocurrency because it'll be extremely centralized and audited by its associated company. There will be no privacy at all, as every transaction made by users worldwide will be completely visible within Facebook's blockchain ledger. Despite this, Libra will use an interesting concept which will lead it to scale towards millions of TPS. This will be made widely possible via the use of BFT algorithms.

Nonetheless, Facebook's cryptocurrency has gathered a lot of buzz lately, but it'll never be able to overcome established cryptos like Bitcoin and Ethereum. That's because Libra will become another central Bank, while crypto will remain as a censorship-resistant alternative towards such financial institutions. After all, Blockchain was designed to circumvent the middleman. Hence, only decentralized cryptocurrencies will prevail in the long run. Just my thoughts

In my opinion buying facebook or the Libra coins will affect bitcoin`s price though, Libra coins will be launched next year, where Bitcoin is crawling, affecting the price of bitcoin which is increasingly expensive, and a there might some investors who will like the LIBRA coin because its new and the bitcoin would be left behind.

Libra is a tool of noise, to attract people and let them know more about crypto currencies, globally. By now, Libra has finished its mission for crypto currencies in this period. Without Libra, I believe that bitcoin would have gone longer journey to hit $14,000. So, I am thankful to Facebook team, especially who are in charge of Libra project.

I'm not even going to buy this coin. Now there are a sufficient number of different stable Coins that satisfy all the needs of the crypto market. I do not think that we need another stable coin, and besides from a major campaign.

How do you know it's doing well against Libra when Libra was not launch yet?

And I'm afraid it will take time before they can successfully launch.
Because of this : https://cointelegraph.com/news/european-central-bank-exec-libra-wont-launch-until-regulators-are-satisfied

Libra has not launched their fundraising yet so you won't be able to buy their coins yet. Don't be scared in buying other coins in the market now and looking at IEO's, there are a lot of projects out there that still provides good use cases and hardware that can help businesses with the help of blockchain. I would say that Libra will not be a threat and BTC will always be king, however, I like what Libra is doing now for the crypto community as its bringing mass adoption. But I'll definitely look into participating in their fundraising since Libra has a good potential to have good value because of Facebook and Zuck.

Real calibra coin may get another delay due to the regulation problem, scammer will always try to use any situation to take advantage of it. Remember about how much people got scammed caused by the scammer was spreading fake news. I saw that so many times when bitcoin and ethereum got forked.

I will be surprise to see the coin go for IEO again after raising such large fund with so many support from big companies. They can only get on exchange at their own will and I bet the team dont need to lobby for any exchange, sure they will get the big volume exchanges even in the USA. Most people will have their first investment in this space because of the coin, mostly from with big fund because of the confidence they might have gotten by the USA government and the coin stability in value.

No stable coin can be threat to bitcoin, it will rather join the other stable coin to keep money value and serve other use case. Bitcoin volatility will still be an advantage as an asset. I still like to know the idea of it trade but for now there might some trimming down in the coin use as it goes through the hearings. I believe USA because of her antecedent with facebook privacy, will do everything to favor their access to project's security.

If we are talking about facebook cryptocurrency then the market of facebook is undoubtedly very huge but the market cap of its coin is not doing great. on the other hand if we are talking about IEO's altcoins it is doing very well as compared to FB's Libra. Recently I have also invested in Ieo (Moozicore) according to me this is really a good project for investment. https://tokensale.moozicore.com/

Just yesterday I saw a post on twitter trying to shill and scam people. The lie was that facebook calibra is already out for sale and people can buy tokens by sending amounts of eth in some wallet. Every cryptocurrency investor and enthusiast know that is just a blatant lie. I am sure, so many people will be gullible to waste their fund. LIBRA, CALIBRA are scheduled to launch next year that's 2020, please be informed

No
It will never be a threat to most crypto especially BTC
Might be a threat to RIPPLE IMO

Anyhow, Libra have a different purpose here
They are not deflationary, they are backed up by Fiats/assets unlike BTC which is backed up by nothing except trust on the Blockchain

So no, it won't replace or be a threat