If Facebook launches LIBRA then nobody will invest in it - page 2.

nrvasquez

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Quote from: Wawa2013 on December 04, 2020, 05:04:55 PM

Facebook's goal in creating Libra is not for investment, but Facebook wants to create a global currency that can be used all over the world.
Therefore the US government does not agree with the Libra project, because the government is afraid that Libra will replace the US Dollar.
So it is clear that Facebook intended to create Libra become currency, not as assets.

it's not a matter of fear or fearlessness, it's because if Libra really does succeed without passing the proper audits, that's a huge problem. Libra is a project or coin created by a large party that has millions of users (Facebook), you know what the outcome will be if they pass the audit with a rudimentary structure.

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Quote from: MCDev on December 04, 2020, 01:34:44 PM

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

There's no libra and it's dead. It has been rebranding into the DIEM project that will be focused into the stable coin. Libra will not be a competitor for USDT as this coin is only wanna facilitating the users from the facebook and whats app.
I think that it's quite different from the USDT. You must also see the vision of DIEM.

bayu7adi

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Quote from: Wawa2013 on December 04, 2020, 05:04:55 PM

So it is clear that Facebook intended to create Libra become currency, not as assets.

Mark is trying to create his own payment ecosystem that he fully controls but with less complicated regulations. This kind of thing is likely to make it easier for Facebook to develop its advertising business, considering that many people are interested in using advertising services from Faceboook.

With LIBRA, it becomes easier for us to make transactions without going through the bank to place service orders. Meanwhile, transactions through the bank will only occur when we buy the LIBRA stable coin.

With the LIBRA coin, will 2.8 billion people know about cryptocurrency?

Wawa2013

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Facebook's goal in creating Libra is not for investment, but Facebook wants to create a global currency that can be used all over the world.
Therefore the US government does not agree with the Libra project, because the government is afraid that Libra will replace the US Dollar.
So it is clear that Facebook intended to create Libra become currency, not as assets.

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Quote from: MCDev on December 04, 2020, 01:34:44 PM

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

Probably the thing might happen because if we do just base off into the number of users of Facebook then its impossible that they wont really be putting up some attention to it when Facebook do
really made out some announcement about their LIBRA coin and theres no doubt that this would be an another stable coin and i cant say that it would really affect the cryptocurrency as a whole
but at least this will be some good advertisement in cryptocurrency but to think off that this isnt included into the criteria of being a crypto.So this is just simply an another
stable centralized coin. Nobody will be investing on it? its impossible because people do always see some opportunity when everything is being hyped up.

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Quote from: MCDev on December 04, 2020, 01:34:44 PM

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

Whenever a Centralized authority gets into the market the usage rises, but the impact created by the same will be for a short term. In recent days PayPal has done it. With the addition of bitcoin it has been the talk of the town and the same has made more people know about bitcoin. Same as this with the launch of Libra facebook help with more people starting the usage of cryptocurrencies. Already for legal compliance it paused the launch of Libra. Lets see whats gonna happen this time.

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Quote from: MCDev on December 04, 2020, 01:34:44 PM

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.

Success is given as long as it's being done by a successful company. No doubt that this stable coin is likely to be one of the most known even with the short period of time that it will be compare to other stable coins that has been around for years.

Quote from: MCDev on December 04, 2020, 01:34:44 PM

I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

But nothing changes the fact that these two are centralized stable coins.

ololajulo

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What is important is the use case of the coin, as long as the use case is engaged and volume of use increase exchanges will demand for it and will become a store of value through the bull market to the bear. Investment from individuasl is no more as important like the institutions and we know what the option of Facebook would be. A profit of 4x is possible for investors with the hype of the institution behind it and the platform that will be engaged. Stable coin is the easiest coin to increase in marketcap as long it is used and have certain amount in the bank to defend the marketcap,

MCDev

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Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

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Quote from: DashingAgent on November 30, 2020, 10:53:43 AM

-snip-

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.

Where did you get this information? First of all, facebook never announced any ICO or crowdfunding event. Secondly it is a stable coin backed by a fiat currency (not sure about this part, but since it is a stable coin, highly likely backed by something). Why would someone want to invest in a stable coin? You won't make any profit. People might use it to make regular transactions. And how are they going to earn more bitcoin from stable coin? Did they mention anything about exchanging Libra with only bitcoin?

Quote from: DashingAgent on November 30, 2020, 10:53:43 AM

-snip-
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.

Lol, what?

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Quote from: acdc on December 04, 2020, 01:01:18 PM

Stablecoins were not created with the intention of people investing to make a profit, stablecoins were created with the purpose of helping people keep their money safe.
If facebook launches Libra I think it will attract many users, facebook is a big company and they know how to advertise.

Stable coins can be a safe haven during:

1. Price downside of unstable cryptocurrencies
2. Also by a way of keeping money safe. I do not know how Libra will work but as for other stable coins that I know, you can make use of hardware wallet to hold many of them with you privacy not breached to the outside world. I like cryptocurrencies for that.

Libra will truly attract people because it is a stable coin and it will be launched by a famous Facebook owner.

posi

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Firstly, you can't speak for all crypto investors.

Secondly, 95% of all crypto enthusiast are into for the profit and if Libra introduced unique airdrop alot of investors will invest in Libra.

Thirdly, some people will still invest in the Libra despite its going to be a stablecoin cause some stablecoin with your reputable team launch their project and they are still supported by the communities. Meanwhile, the Libra concept was to be a global digital currency.

acdc

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Stablecoins were not created with the intention of people investing to make a profit, stablecoins were created with the purpose of helping people keep their money safe.
If facebook launches Libra I think it will attract many users, facebook is a big company and they know how to advertise.

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Quote from: DashingAgent on November 30, 2020, 10:53:43 AM

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.

Clearly you said it was your opinion and we don't know, how the people will react for it.Let us wait, till the launch. If the people interest had increased, it will be massive rise in LIBRA price.Facebook had a huge users and so the advertising for the project is no needed one in facebook.When the product is launched, surely the whale will had his impact on the price.

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Quote from: ScamViruS on December 03, 2020, 12:51:15 PM

Quote from: batang_bitcoin on December 03, 2020, 08:50:42 AM

I've seen some people that are interested in "buying and investing" in it. But you have said it right that there's no point in investing in a stable coin.
Just like the other stable coins that we've got, it's aim is to create a payment system that shall be recognized by the crypto community. Actually, they don't have to create it because they already have facebook pay. But because of the trend of cryptos, they have to make one.

When Facebook talked about launching their coin, there was widespread hype in the crypto community about libra. The main reason for this was that it took time for the crypto community to realize that investing in a stable coin would not be profitable.

However, since it will be a Facebook coin, there will be a demand for this coin. Because Facebook users can use these coin to use different services of Facebook without other payment methods. So this project will help Facebook users to get more services easily.

I was also hyped when they've first announced it. But after learning that it's going to be a stable coin then that's all where the hype stops. They are intending to get into a payment system and being used by most people. That's their target market. They are still into the usage of their coin and not all about it being as an investment. I think the main reason for that is the decision of Mark. He has set of posts about cryptocurrencies when it was the bull run of 2017.

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Quote from: Josefjix on December 04, 2020, 10:12:33 AM

Quote from: nemey on December 04, 2020, 07:08:05 AM

investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.

Stable coins are not meant to be invested in, they are just there for controlling your asset to a pegged and fixed amount in physical USD value of it on the exchange when you might have converted all your volatile coins to them. So, investment in stable coins can be overruled for profit.

Indeed. Stable coins are not meant for investment because you won't get any profit from it. Stable coins are only good as a safe haven asset when we are experiencing a bear market to limit our losses. That is why a lot of people and investors hates Facebook's Libra coin because it is a stable coin and it is centralized.

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Quote

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.

what about when the launch of usdt before do you also predicted that no people will use it . users can benefit in stable coin its name says it all . when a user trade his coin to stable coin , he didnt earn more btc thru it but he can secure the value of his current btc and he can buy more btc and repeat the process to earn more stable profit . they dont create stable coins to earn a btc because btc isnt the only coin that can be traded in stable coin .

Quote

All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.

anyone can predict and its free . no one takes prediction seriously and whales dont just give free money for prediction because they are good at it .

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Quote from: nemey on December 04, 2020, 07:08:05 AM

investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.

I am very skeptical about the future of Libra, it is still unclear whether Libra will be a stablecoin (like USDT or something) or not. Libra is another business from mark Zuck, now we know Mark as the king of social media because he monopolizes big social media like Instagram and WhatsApp..

When Libra launches and attracts interest Mark will make a huge profit and the matter is whether the impact will be positive on the crypto community? I'm not really interested in the Libra project, I'm more interested in cryptocurrencies that have long emerged like Bitcoin, ETH, BNB, EOS, Tron, etc..

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yes

Quote from: nemey on December 04, 2020, 07:08:05 AM

investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.

Stable coins are not meant to be invested in, they are just there for controlling your asset to a pegged and fixed amount in physical USD value of it on the exchange when you might have converted all your volatile coins to them. So, investment in stable coins can be overruled for profit.

FanEagle

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Libra is not something you invest into, stable coins are not something you invest into, they are just there for you to make trading easier. Nobody "invests" into USDT for example, they just let it be and that is why it worths so much in marketcap because they are capable of printing as much as they want as long as people are willing to use it.

It means stable coins in the Libra shape from Facebook or any other big company that wants to do it, will worth even more, maybe as much as bitcoin one day. But none of it will be per libra, it will be marketcap because one usdt will always worth one dollar, I assume they will do the same with one libra equals one dollar type of deal as well.

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