Topic: If Facebook launches LIBRA then nobody will invest in it (Read 590 times)
It depends on Facebook's strategy when launching Libra. If they merely focusing on gathering more Bitcoins, then it may not work. But if it becomes a stable altcoin which can perform better than Ethereum, then people who did not care about Libra initially will get disappointed about their own decision.
If Facebook launches LIBRA then nobody will invest in it
Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
Probably but how are other stable coins like USDT making their money? I'm sure they aren't doing free work pegging digital currency to Fiat, what's more important to facebook is making more money out of libra, whether people invest or not is not the top priority, if libra can be available for traders on Centralized exchanges then that's all Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
Yeah I guess through commission or something similar is the way usdt could be making their money, between I assume libra already have institutional investors to fund the project so whether individuals invest or not won't be an issue to the development of the project.
Libra won't be a coin for investment because it will be pegged to fiat currencies like US dollar or euro. so it will be used for banking services or like a mean of payment on Facebook and related sites.
I dont think so，on the contrary，i think Libra is likely to succeed，and the top ten will have its place. The reason is simple，just due to Libre is launching by an international enterprise like Facebook，with abundant capital，the most solid step has been taken.
think again. I think even people who don't understand cryptocurrency, or business people who are on Facebook will use Libra if Libra really does launch. You know that Facebook has very many users in this world and very many business people on Facebook. You can see it in the marketplace on Facebook. I think a lot of people will be interested in that. Moreover, I suspect that Facebook will provide the task of generating Libra in order to attract enthusiasts.
If Facebook launches LIBRA then nobody will invest in it
Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
I can't believe you said that stable coins are created to earn more bitcoin, how is this possible? If stable coins aren't working for their main purposes why would they exists in the first place? It doesn't make any sense, it's like you don't know what stable coins does, do research on that, and about Libra there is no reason to invest because it's not volatility, it's stable coin, will be useful to pegged assets to USD, it works like charm Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
if I'm not mistaken it's not LIBRA but DIEMCOIN. Facebook company will release a token early next year and change its name to Diemcoin. do not be pessimistic, not necessarily what you think is right. whose name is an investor or trader, of course you know better which one to choose. if they think it is profitable they will take it.
Yeah, they changed the name as the last one brought many controversies and many companies opting in and opting out of it. The project was nearly out of news and now suddenly they seem to have a roadmap ahead. Maybe they were waiting for a change in the government in the US. Not sure if that's a good or bad news for general people and their privacy.
it depends on the investor, if investors like Libra coin then they will still invest in it. as long as the coin can generate good returns for its users then interest in investing will remain. vice versa, but I hope the presence of the Libra coin can attract higher market adoption.
As it stands libra has gotten substantial investment from various companies and I'm certain that many more people would be willing to invest into the project. Facebook is a viable company and they may overtake other stablecoin that are in existence due to the trust they've gained over the years from the public.
Things are different now, they have a new head a new name, and a new composition of the team we will see in their official announcement if they come through on this one, they have a good potential in the market, one good example of a company adopting Cryptocurrency is Paypal integrating Cryptocurrency in their platform, so far things are looking good for all of us, only the all-time high is the one event we're waiting to happen.
if I'm not mistaken it's not LIBRA but DIEMCOIN. Facebook company will release a token early next year and change its name to Diemcoin. do not be pessimistic, not necessarily what you think is right. whose name is an investor or trader, of course you know better which one to choose. if they think it is profitable they will take it.
If Facebook launches LIBRA then nobody will invest in it
Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
Probably but how are other stable coins like USDT making their money? I'm sure they aren't doing free work pegging digital currency to Fiat, what's more important to facebook is making more money out of libra, whether people invest or not is not the top priority, if libra can be available for traders on Centralized exchanges then that's all Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
Everyone should avoid libra, it will give too much power to facebook
If Facebook launches LIBRA then nobody will invest in it
Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
There are so many projects that issued their stable coin beside their main project token. Still, they got investors. Also, a stable coin is not like something that will give a high return of investment so people won't buy them as an investment plan. They are just to avoid market volatility. You didn't mention any points why you think that stable coin will not get any attraction in the market.
I agree, there will be tens of billions of dollars "invested" in it as in people will buy it for purposes of using it, just like we do with USDT for example or any other stablecoin, we have billions of dollars worth of it in the market and I believe it is going to be same and even more when Libra becomes a reality which I think is still few years away.
However I also do agree that nobody will invest in it, in the sense that they may want to make a profit, which is impossible because you can't make a profit from a stable coin, it is always the same money. I knew a guy who tried it for a while, he wanted to buy it at 97-98 cents range and sell at 1.01 or 1.02 range, which does happen during dumps and pumps of bitcoin price, but it was too hard and too little income and rarely ever happened, so he stopped.
However I also do agree that nobody will invest in it, in the sense that they may want to make a profit, which is impossible because you can't make a profit from a stable coin, it is always the same money. I knew a guy who tried it for a while, he wanted to buy it at 97-98 cents range and sell at 1.01 or 1.02 range, which does happen during dumps and pumps of bitcoin price, but it was too hard and too little income and rarely ever happened, so he stopped.
Libra will be popular among the Cryptocurrency world, they have a lot of capital to carry out promotions later, but you also need to know how the interest of investors is in valuing the coin, if Libra has good progress then the project will be surrounded by investors, if not, they are nobody here.
No more libra and this is the era for diem coin. Diem needs to build the trust again from the investors. There are so many partnerships that have been going out. Diem will have a lot of home work. Diem is still having a lot of supporters and some 3rd platforms have prepared the wallet for diem.
Facebook is a very popular medium as a medium of social communication if facebook launches libra whether anyone will invest in it will depend on the reliability of their projects and the demand for investment providing benefits in all aspects like crypto will gradually increase its progress. At present it is very difficult to predict the future no company has yet launched such projects for such investments.
Libra will be popular among the Cryptocurrency world, they have a lot of capital to carry out promotions later, but you also need to know how the interest of investors is in valuing the coin, if Libra has good progress then the project will be surrounded by investors, if not, they are nobody here.
they will create or think of a way to benefit investors who buy their coins.
Facebook is a giant social networking site, and I think your predictions are still inferior to their predictions or predictions if it is launched.
Facebook is a giant social networking site, and I think your predictions are still inferior to their predictions or predictions if it is launched.
Facebook is a big company and I'm not sure they will just something that they know no one will invest to it, maybe for some people they won't look at it as useful for them but for other we might not know.
That's true that nobody will 'invest' in Libra when it launched, but it's not like Libra need investment either. Facebook doesn't make Libra for investment purposes, they make it as a payment method in the facebook.inc platform like Facebook, WhatsApp and Instagram. So that people not only can list their product on the platform but also do the transaction directly in the platform. Though, you are able to invest or speculate in Libra, I don't think that invest or speculate in a coin that is very centralized and controlled by a single entity is a wise choice.
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