Facebook launching libracoin, what happen will 2020?

Kupid002

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Quote from: lh-crypto.com on July 01, 2019, 10:01:23 AM

Quote from: lh-crypto.com on July 01, 2019, 09:48:40 AM

Hi! Who knows it will be possible to invest in the common people?

Another question they will conduct an ICO ?

For facebook libra no they will not conduct ICO becuase they have too many partners willing to invest money thats why they do not need anymore investment .
The only problem is if they can really launch that coin next year, i heard there still many problem need to be solve and other partners also leave the partnership.

kapalmabur

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Quote from: Xcode7 on December 09, 2019, 05:33:43 AM

Quote from: ?? on ??

On the one hand, the libra project brings chaos to the world community. But for many countries it is a green light that society is ready to switch to digital currencies. It is worth considering to issue your own national currencies in the cryptocurrency format.

Yes, the validity of cryptocurrency still continues to be a conversation in several countries, especially in my own country. What happens in 2020 will probably remain the same as the previous year in my country, we just wait whether the project libra will give a breath of fresh air or will lose competitiveness with the rulers of cryptocurrency.

Libra will definitely end successfully, seeing that the Facebook platform is already used by many people in the world, if Libra becomes a coin for their utilities on Facebook, such as payment for advertisements, games etc., I believe this will be a success and a threat to financial service providers like Paypal

Xcode7

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Quote from: ?? on ??

On the one hand, the libra project brings chaos to the world community. But for many countries it is a green light that society is ready to switch to digital currencies. It is worth considering to issue your own national currencies in the cryptocurrency format.

Yes, the validity of cryptocurrency still continues to be a conversation in several countries, especially in my own country. What happens in 2020 will probably remain the same as the previous year in my country, we just wait whether the project libra will give a breath of fresh air or will lose competitiveness with the rulers of cryptocurrency.

starblocks

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Next year should be quite exciting in terms of developments for the cryptocurrency industry with more technological advancements, regulation and infrastructure being put into place to support more serious types of investors requirements and projects like Libra seeking to further the adoption of cryptocurrencies world wide it should be positive overall

smyslov

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Quote from: Brunus on December 08, 2019, 06:01:31 PM

We do not yet know how and how it will succeed, also because Facebook already has too much power, and with its own currency it would become the largest nation in the world.
In any case, it will be the death of the crypto as we understand it.

Death of Crypto, because Facebook is launching one? No I don't think so that's very far, in fact they are going to help Cryptocurrency for massive adoption, and more popular to the masses who until now are having a hard time to fully understand how it all works, Facebook will be a contributor.

Brunus

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We do not yet know how and how it will succeed, also because Facebook already has too much power, and with its own currency it would become the largest nation in the world.
In any case, it will be the death of the crypto as we understand it.

Freshmen

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Quote from: Bounty Don on June 27, 2019, 12:20:44 PM

Recently I saw a news about Facebook crypto. Facebook Authorities saying that, they launching a new virtual currency called Libra. I heard libracoin will release in first half 2020. I think, it is very big news for crypto revulation in whole world. Once a time facebook was not support crypto/virtual currency but now they launching their own currency. Many people says Libra project will help crypto globalization and developing bitcoin and other coin centralization. Many people thinking, Libracoin will very popular like as bitcoin.

Nothing is going to happen. If you're thinking that launching libra coin is maybe going to make all cryptocurrencies to skyrocket in prices, then you're think wrong. Nothing at all is going to happen and if you don't know, the Facebook Libra coin is a stable coin, so this shouldn't be a topic. I don't even think I'm going to make use of that Libra coin cause stable coins are not really my thing and I haven't used any one of them for once, not even the USDT that a lot of people do mention in this forum.

BryanK

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I am sure that cryptocurrency globalization can help Facebook to popularize its cryptocurrency. But Libra can have a very bad impact on other cryptocurrencies and devalue them. And also to break the basic foundations of cryptocurrency.

ishirut009

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Quote from: Bounty Don on June 27, 2019, 12:20:44 PM

Recently I saw a news about Facebook crypto. Facebook Authorities saying that, they launching a new virtual currency called Libra. I heard libracoin will release in first half 2020. I think, it is very big news for crypto revulation in whole world. Once a time facebook was not support crypto/virtual currency but now they launching their own currency. Many people says Libra project will help crypto globalization and developing bitcoin and other coin centralization. Many people thinking, Libracoin will very popular like as bitcoin.

all crypto enthusiasts that really understand what is happening here know that libra coin is just a token and not really a cryptocurrency because it is centralized and we all now that facebook will never create something that they cannot control because they are a company. Now, when it comes to crypto adoption, i believe when facebook created something that we can use our real cryptocurrencies inside their platform, we can be able to pursue wild adoption.

lh-crypto.com

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Quote from: lh-crypto.com on July 01, 2019, 09:48:40 AM

Hi! Who knows it will be possible to invest in the common people?

Another question they will conduct an ICO ?

lh-crypto.com

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Hi! Who knows it will be possible to invest in the common people?

enhu

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Quote from: sana54210 on July 01, 2019, 06:22:46 AM

Quote from: bamboylee on June 27, 2019, 10:44:15 PM

Quote from: sweetbet on June 27, 2019, 09:16:39 PM

2. The U.S. government has asked facebook to halt all developments of the coin until they've had a chance to look further into it.

This is just a small hurdle for facebook and I think they can overcome this. If Libra continues, it is a big exposure for cryptocurrency and blockchain. Hopefully, this will also have a positive effect on adoption to bitcoin.

And what is the source of the claim the mate you relied to have, because I never read anywhere that says government asked Facebook to halt their operations, prior to the time Facebook officially announced the coin and even released their whitepaper, there has been so many rumors as regards the Facebook coin, and at that point was where Facebook was called to clarify their intention on the proposed cryptocurrency which I believe they must have sorted out.

No one wants to ever have issue with the United State government as a citizen, and we all know that is where Facebook operates from, and for Facebook to have still come out openly to announce their Libra coin, then they must have definitely sorted out things with the government.

I think I have also heard about that news. Its not being halted, its being opposed until such regulation to cryptocurrency is passed. Facebook about to release their project Libra will pressure the government to finally pass such law. They had been delaying all these that ETF was one of the reason for some group to manipulate the price. The regulations has to really be cleared this time.

Nawrod

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It's hard to tell how exactly Libra will influence the market, cause we still don't know how exactly this coin will look like. But I think it won't be similar to Bitcoin after all (here you have an article about differences between them) and it won't be threat for cryptocurrencies after all.

sana54210

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Quote from: bamboylee on June 27, 2019, 10:44:15 PM

Quote from: sweetbet on June 27, 2019, 09:16:39 PM

2. The U.S. government has asked facebook to halt all developments of the coin until they've had a chance to look further into it.

This is just a small hurdle for facebook and I think they can overcome this. If Libra continues, it is a big exposure for cryptocurrency and blockchain. Hopefully, this will also have a positive effect on adoption to bitcoin.

And what is the source of the claim the mate you relied to have, because I never read anywhere that says government asked Facebook to halt their operations, prior to the time Facebook officially announced the coin and even released their whitepaper, there has been so many rumors as regards the Facebook coin, and at that point was where Facebook was called to clarify their intention on the proposed cryptocurrency which I believe they must have sorted out.

No one wants to ever have issue with the United State government as a citizen, and we all know that is where Facebook operates from, and for Facebook to have still come out openly to announce their Libra coin, then they must have definitely sorted out things with the government.

bitgolden

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Quote from: Bounty Don on June 27, 2019, 12:20:44 PM

Recently I saw a news about Facebook crypto. Facebook Authorities saying that, they launching a new virtual currency called Libra. I heard libracoin will release in first half 2020. I think, it is very big news for crypto revulation in whole world. Once a time facebook was not support crypto/virtual currency but now they launching their own currency. Many people says Libra project will help crypto globalization and developing bitcoin and other coin centralization. Many people thinking, Libracoin will very popular like as bitcoin.

Well, this is not a new news again, as you can see that we have loads of topics for the past few days now that has covered this news fully, and we have all given our own opinion in one way or the other as regards the intending release of Facebook coin. First I will say it is a good new, and at the same time, it looks like sad news to be.

Good news is that it will open the eyes of a whole lot of people into the cryptocurrency industry, and adoption rate for cryptocurrency would increase which we might be lucky enough to have bitcoin get more of the newbies that will get exposed to cryptocurrency if the other thing I am thinking of this coin would not be true, which I see as sad news.

The sad news is that people will fall for this coin, and I am suspecting that the government is just trying to use Facebook as a tool to manipulate the cryptocurrency industry by creating a centralized coin they can have control on and be free to monitor.

Apes

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even though libra is a stable coin I am very worried about its existence which can damage the btc or alt ecosystem.
currently there is no announcement from Libra developers about the use in the long term. and because Libra did not make an announcement on this forum, I consider Libra not from this part of our community.

Question123

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Because of the Facebook have billions of the users in the entire world and even a child, teenager and older peopel are using Facebook and that's I think why the Libra coin can become popular just our king. If the Libra coin launch in 2020 the effects we really know that even we are thingking they have good news because it help to grow the crypto community but we do not know what is the bad side effects of launching this coin.

Samboo

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I am also very optimistic about Libra coin that Facebook is planning to issue. Many people have put their different views about Libra coin, some positive and some negative.
But my opinion is issuance of the coin will help cryptocurrency to be adopted widely. Its impact will be on the crypto market there is no doubt.

bennguyen

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Quote from: bigcash2011 on June 28, 2019, 04:19:02 PM

For me i see 2020 as the biggest year for the crypto markets, libra will also have explosively positive effect on the adoption and mainstreaming of crypto, i think 2020 will mark the start of not only the adoption but also the domination of crypto all around the world.

Yes, it's a very important news for the Crypto market, when the whole world knows about the existence of Cryptocurrency. Let's wait and see what happens.

bigcash2011

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For me i see 2020 as the biggest year for the crypto markets, libra will also have explosively positive effect on the adoption and mainstreaming of crypto, i think 2020 will mark the start of not only the adoption but also the domination of crypto all around the world.

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