Topic: Facebook is raising money for Facebook Coin - page 2. (Read 1430 times)
Lots of people thinks that the facebook is late for the enter in the cryptocurrency market but i am not agree with them. I know about the Mark Zucherberg and i am sure he is know what he is doing in big time. I strongly believe that he has waited for the right time to arrive blockchain world and that was the right time and he made the start. I am following them daily and i will invest when they release the facebook coin..
Too late. They most likely missed the crypto train. Banning crypto ads and accounts damaged their reputation and it wasn't already in a good shape before it.
It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...
No, I think you are wrong when you compare fb coin number of users and number of users in.bitcoin or even add it all users of all cryptocurrency would not surpass by fb users around the world. Guess, if all.will be inform by the fb coin in facebook platform then it will be huge. And as what OP stated that it may even surpasses bitcoin. It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...
The development of cryptocurrency by Facebook can be an advantage for their companies. Facebook is improving its business model because it has received criticism from consumers, politicians and advertisers. Facebook was criticized for user data leakage problems.
Hyprocrite move actually by facebook. See how reluctant they are during the time they banned all crypto ads in their social platdorm and now they want to enter the market and wanna raise some money from it? Oh my God, what a strategy "Mark" Im pretty sure if this happened most social fans of fb will be on the loop however they will strangle by real crypto enthusiast. Who will win? True believer or those who are just fomoing.
Lmao, i know right! Back then facebook was banned cryptocurrency ads on their platform but now they want to release their own coin lol.If facebook is raising money for facebook coin, i'm sure it will be success and sold out very fast (if ICO). Investors will look this as a big opportunity.
The Facebook coin will work solely for Facebook advertising customers only but facebook coin will bring positive towards cryptocurrency industry to start a stable coin
I believe that is the purpose, but who knows they will expand if they can successfully launch their project. No doubt it will bring good effect to the crypto market as we are talking of a big company here adopting in crypto.
Words from big player cannot be trusted because before facebook ban crypto advertising, now they are having their own crypto coin.
crypto industry, with high hope that it will be used properly and bring good response coming from new big players to invest and also use the system
for their own benefits.
This will be very good for Facebook having to tokenise their space. Facebook has improved over time especially the aspect of adding reward for posts. With a digital asset it will be easy to have a global outreach.
The Facebook coin will work solely for Facebook advertising customers only but facebook coin will bring positive towards cryptocurrency industry to start a stable coin
I believe that is the purpose, but who knows they will expand if they can successfully launch their project. No doubt it will bring good effect to the crypto market as we are talking of a big company here adopting in crypto.
Words from big player cannot be trusted because before facebook ban crypto advertising, now they are having their own crypto coin.
The Facebook coin will work solely for Facebook advertising customers only but facebook coin will bring positive towards cryptocurrency industry to start a stable coin
Yesterday I created a topic here about Facebook Coin: https://bitcointalk.org/index.php?topic=5129560.20
After that Nathaniel Popper, a NYTimes reporter that covers crypto, said Facebook is raising money for its crypto project. Seems like I may not be wrong in my article.
Here and here:
https://twitter.com/nathanielpopper/status/1115331482384388098
https://coingeek.com/facebook-seeks-1-billion-investment-from-vcs-for-its-crypto/
I can't see other reason for Facebook to be raising money if its not to back its own decentralized crypto. FB wouldn't need to raise to issue a stablecoin.
Everybody in the original topic said FBCoin couldn't replace bitcoin. While I agree that the ultimate store of value will remain BTC, I think FBCoin could easily surpass BTC in daily usage and, therefore, market cap.
I ran some numbers and I think its possible that FBCoin launches with around 300B USD market cap and reaches 1T in a few months. I'm comparing to HKD M0/M1 and HKMA's stability fund.
But I think FB should raise at least 10B to cover the initial stage of running a "sovereign" fund to stabilize the currency against extreme volatility, like I wrote in my article: https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93
Brace yourselves, new times are coming.
Wow! if its already confirm these is a huge project and im sure it will be a big hit since facebook is known social media platform and billions of users around the globe just imagine if Facebook was already brewing this kind of tokenized economy im sure everyone might be follow Like for example twitter and other social media giants. its really really huge development happening to the cryptoland. After that Nathaniel Popper, a NYTimes reporter that covers crypto, said Facebook is raising money for its crypto project. Seems like I may not be wrong in my article.
Here and here:
https://twitter.com/nathanielpopper/status/1115331482384388098
https://coingeek.com/facebook-seeks-1-billion-investment-from-vcs-for-its-crypto/
I can't see other reason for Facebook to be raising money if its not to back its own decentralized crypto. FB wouldn't need to raise to issue a stablecoin.
Everybody in the original topic said FBCoin couldn't replace bitcoin. While I agree that the ultimate store of value will remain BTC, I think FBCoin could easily surpass BTC in daily usage and, therefore, market cap.
I ran some numbers and I think its possible that FBCoin launches with around 300B USD market cap and reaches 1T in a few months. I'm comparing to HKD M0/M1 and HKMA's stability fund.
But I think FB should raise at least 10B to cover the initial stage of running a "sovereign" fund to stabilize the currency against extreme volatility, like I wrote in my article: https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93
Brace yourselves, new times are coming.
Lot of people always joining altcoins bounties related from promoting ico's and also joining for social media campaign to earn some money and cryptocurrency tokens.
Yesterday I created a topic here about Facebook Coin: https://bitcointalk.org/index.php?topic=5129560.20
After that Nathaniel Popper, a NYTimes reporter that covers crypto, said Facebook is raising money for its crypto project. Seems like I may not be wrong in my article.
Here and here:
https://twitter.com/nathanielpopper/status/1115331482384388098
https://coingeek.com/facebook-seeks-1-billion-investment-from-vcs-for-its-crypto/
I can't see other reason for Facebook to be raising money if its not to back its own decentralized crypto. FB wouldn't need to raise to issue a stablecoin.
Everybody in the original topic said FBCoin couldn't replace bitcoin. While I agree that the ultimate store of value will remain BTC, I think FBCoin could easily surpass BTC in daily usage and, therefore, market cap.
I ran some numbers and I think its possible that FBCoin launches with around 300B USD market cap and reaches 1T in a few months. I'm comparing to HKD M0/M1 and HKMA's stability fund.
But I think FB should raise at least 10B to cover the initial stage of running a "sovereign" fund to stabilize the currency against extreme volatility, like I wrote in my article: https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93
Brace yourselves, new times are coming.
After that Nathaniel Popper, a NYTimes reporter that covers crypto, said Facebook is raising money for its crypto project. Seems like I may not be wrong in my article.
Here and here:
https://twitter.com/nathanielpopper/status/1115331482384388098
https://coingeek.com/facebook-seeks-1-billion-investment-from-vcs-for-its-crypto/
I can't see other reason for Facebook to be raising money if its not to back its own decentralized crypto. FB wouldn't need to raise to issue a stablecoin.
Everybody in the original topic said FBCoin couldn't replace bitcoin. While I agree that the ultimate store of value will remain BTC, I think FBCoin could easily surpass BTC in daily usage and, therefore, market cap.
I ran some numbers and I think its possible that FBCoin launches with around 300B USD market cap and reaches 1T in a few months. I'm comparing to HKD M0/M1 and HKMA's stability fund.
But I think FB should raise at least 10B to cover the initial stage of running a "sovereign" fund to stabilize the currency against extreme volatility, like I wrote in my article: https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93
Brace yourselves, new times are coming.
Why does Facebook need to raise money to create a stable coin in their apps and webpage? Don't they have enough as it is?
They can easily launch a private chain or a payment system like wechat or alipay in their platform and FB users will eventually begin to use it as a currency within FB.
If they really want to decentralize it, run a reputable ICO - a year long ICO like how EOS did it would be ok.
i think some of usa think we are crypto. But the real thing its that even with a lot of whales around there. The cap investeng in crypto is small comparing the one in fiat. SO if a trustfull site to the public eye invest in crypto technology it wll only help us. Only atracting new investors and they will be forced to share their money with the rest of the crypto world. Because crypto is not only 1 coin. even if his name is facecoin or something like that.
Facebook coin is a quite good idea and another great opportunity for cryptotraders and investors to make some good money.FB is one of the most famous brands in the world and I am sure this coin will be traded at every top exchange.
Facebook is a well-known trademark that dominates social media so that it has many members throughout the world, will launch its own coins. Of course the assumption will sell well and have a high price.This possibility is possible, but there is no guarantee that success will occur because the dominance of old, established coins is certainly an option for investors rather than speculating to have new coins.
I insist: it will be a disaster and the end of the crypto!
Whatever Facebook does with their Face coin it will have big impact on the market as they have a strong customer base (over 2 billion monthly active users).
They are entering the market a bit late but they have so much power that day can chose the time and it is better to enter ever then never.
They are entering the market a bit late but they have so much power that day can chose the time and it is better to enter ever then never.
Too late. They most likely missed the crypto train. Banning crypto ads and accounts damaged their reputation and it wasn't already in a good shape before it.
It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...
It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...
They find the crypto market too small for them, even the current market is not as much as Facebook's value. In addition, most ICO advertisements are fraudulent ICOs, in order to get investors' money, I think their decision to ban ICO advertising is accurate.
Too late. They most likely missed the crypto train. Banning crypto ads and accounts damaged their reputation and it wasn't already in a good shape before it.
It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...
With a brand worth millions of Facebook's dollars can attract many investors. But with the option of stablecoin release will make Facebook not get significant investments from potential investors if they don't bring in many promotional packages. Because stablecoin is always at a stable price, it is not profitable for investors to hold it and the cover is a drawback. It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...
Facebook coin is a quite good idea and another great opportunity for cryptotraders and investors to make some good money.FB is one of the most famous brands in the world and I am sure this coin will be traded at every top exchange.
In our generation we can consider facebook is late from the platform of relearing sa Facebook coin, but once it was started. I am pretty sure it will be a bang. Many people get touch in using facebook; from this many people can be engaged of using cryptocurrency in facebook which is a great thing in a increasing numbers in our community.
I know that facebook has alot of community and users. But we cant be sure that they will adopt crypto space once facebook started their own blockchain. But for the sake of crypto improvement, I know Fbcoin will be on hype and this is something that can contributed in the increase of the market cap. Lets be clear that Mark is a known person and lots of influence. Adoption could be easy when they release it but again, still 50\50 chance about it. Lets just wait and see if they will really release.
I was surprised by Facebook, I have heard several times that Facebook has taken action against crypto currencies, such as the prohibition of advertising and so on, but at this time the news that Facebbok would make Facebook coins re-heard on the surface, as if they were playing with issues for personal gain.
They indeed took some actions against the cryptocurrency that execute prohibition for the advertisement of cryptocurrencies. Time can change people and now facebook is a pro cryptocurrency and they want to get into the wave. I will watch for some updates for this their own coin and i will invest my money there and hope for a huge profit.Jump to: