Topic: If Facebook launches LIBRA then nobody will invest in it - page 3. (Read 590 times)
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.
It depends on your definition of investing, if you mean investing to gain profit I agree, but that's not the only condition that persuade people to put money on a coin and increase the marketcap and trading volume of a coin, you think people put their money on USDT to gain profit or keep their assets equivalent value in USD so that they don't lose any money?
Have you looked at USDT(Tether) market cap?, it's 4th in marketcap ranking, it's true that these ranking can be inaccurate at times but I believe the real ranking(after deducting fake liquidity and volume) won't be that different, it's true that Facebook is highly centralized so if they release their own coin that would be centralized as well, but considering how much fud is behind USDT(which some of it is based on reality) I think people would prefer using Libra over Tether and I don't think it will take that long for Libra to take the place of USDT in the market, I personally would not use it because a centralized platform is behind it and I will still be using the other stable coin options, but unfortunately I think most people wouldn't care.
Have you looked at USDT(Tether) market cap?, it's 4th in marketcap ranking, it's true that these ranking can be inaccurate at times but I believe the real ranking(after deducting fake liquidity and volume) won't be that different, it's true that Facebook is highly centralized so if they release their own coin that would be centralized as well, but considering how much fud is behind USDT(which some of it is based on reality) I think people would prefer using Libra over Tether and I don't think it will take that long for Libra to take the place of USDT in the market, I personally would not use it because a centralized platform is behind it and I will still be using the other stable coin options, but unfortunately I think most people wouldn't care.
We do not know if the many people will try to invest to the Libra coin even that is stable coin. But as a investors and trader I would make an even 1 percent interest for the coin who are stable coin because I will not make any profit on that.
Other people are scared on the news before when facebook announced the launching of the Libra because they think it will have big impact to the cryptocurrency but after few months they know they did not affect the crypto.
Other people are scared on the news before when facebook announced the launching of the Libra because they think it will have big impact to the cryptocurrency but after few months they know they did not affect the crypto.
I don't think so because the appeal from Facebook is so great. Therefore, the launch of LIBRA by Facebook could be very favorable for investors. When Facebook has in hand the number of people using it as advertising, the capitalization of Facebook. Will LIBRA be the coin worth waiting for for the long-term strategy of Facebook in 2021?
For your information, Libra company has now changed its brand to "DIEM" in order to meet regulatory standards and emphasize the independence from Facebook. https://cointelegraph.com/news/libra-rebrands-to-diem-hoping-to-shake-off-associations
So this topic is just a coachman debate, Libra honestly won't be continued. On the other hand, DIEM (Libra) Company will be out in January next year.
So this topic is just a coachman debate, Libra honestly won't be continued. On the other hand, DIEM (Libra) Company will be out in January next year.
Why people will waste their money? they can easily pay with crypto to facebook or can use the paypal or bank to pay to facebook while if they purchase libra, they have to first pay for btc+exchange fee then they will get the services. Even paying with fiat will be cheap
It's on your own opinion to think that people won't venture in, trust me crypto is tricky before you knew it the bigger boys will get in and hype the project and as well make out money so you never can tell.
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.
It's on your own opinion to think that people won't venture in, trust me crypto is tricky before you knew it the bigger boys will get in and hype the project and as well make out money so you never can tell.
No BODY will invest in it because if they buy $100 of facebook libra and hold it for years, its value will always be $100 while if they put $100 in btc, then they will get 10x in a few years, furthermore, putting your $100 in facebooks libra will only increase the Mark Zuckerburgs+ Facebooks investors investment in BTC
^ This is ridiculous I am not sure where from earth came this idea of OP that no one will be investing in Libra if Facebook will launch it. If that is the case then why should Facebook will create their own stable coin if no one will patronize it or if it has no use at all. Nevertheless, we all know that Facebook is one of the most influential social media platforms nowadays and try to imagine the number of their account holders with this, we cannot jump to the conclusion that none of them would get curious and try owning at least one. Probably OP just wants to annoy people in this community as per the topics that he posted previously and I am not sure if he joins this community voluntarily or someone asked him to do so in exchange for something.
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 is a topic that is advertising, and Facebook has a lot of power in it, most people on Facebook, Instagram have no idea about technology, they just like to be in fashion, and the machinery that Facebook has moves those emotions to channel them to buy, so much so that even China was afraid of Libra, everything is a matter of waiting.
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.
Try to look into their whitepaper or roadmap on whats Libra is all about.Its nothing new that earning is one of its benefits but if you do look into the broader side then it is all about utility.
It doesnt matter if this one is a typical volatile crypto or a stable coin but Libra would really have its own purpose.Saying that no one will invest on it? Try to look on how many
users had been on this platform?
You might have that in mind that people wont be investing on it but considering to those millions or even billions of users of facebook then you would really consider that there
would be someone will tend to invest on it no matter what.
Lets see on how this project will progress and lets see if it do succeed but on general view then i dont really care that much since this one isnt really truly a decentralized thing.
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.
It's on your own opinion to think that people won't venture in, trust me crypto is tricky before you knew it the bigger boys will get in and hype the project and as well make out money so you never can tell.
^ This is ridiculous I am not sure where from earth came this idea of OP that no one will be investing in Libra if Facebook will launch it. If that is the case then why should Facebook will create their own stable coin if no one will patronize it or if it has no use at all. Nevertheless, we all know that Facebook is one of the most influential social media platforms nowadays and try to imagine the number of their account holders with this, we cannot jump to the conclusion that none of them would get curious and try owning at least one. Probably OP just wants to annoy people in this community as per the topics that he posted previously and I am not sure if he joins this community voluntarily or someone asked him to do so in exchange for something.
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.
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.
it would be difficult for us to speculate on what has not yet happened...
Stable coins still have a great chance, just imagine if mass adoption occurs then what is needed for the payment is a stable crypto coin. if it is true that libra is going to be a stable coin then the developers behind it will try hard to make libra popular. don't underestimate Libra's potential.
Stable coins still have a great chance, just imagine if mass adoption occurs then what is needed for the payment is a stable crypto coin. if it is true that libra is going to be a stable coin then the developers behind it will try hard to make libra popular. don't underestimate Libra's potential.
That's right, Libra doesn't play around with being part of cryptocurrency. This is supported by their long struggle. It can't be underestimated if Libra becomes a stable coin in the end.
With a background reinforced by Facebook, this will increasingly become a calculation in cryptocurrency circles.
Facebook shares can be used as a backup of real funds to reduce price volatility that is likely to occur in Libra if, in the end, it does not become stablecoin. *I can't wait for the official launch of Libra.
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.
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.
Proof, please? Or do you want us to dig your post history just to look for it which could be a waste of time for us.
If I were you, next time I'd put the links initially.
Just screaming around with nothing to back it up it like a balloon popping with no surprise inside.
Libra. Government is against it.
So you won't need to worry about it.
It needs to pass that line first before it could even go mainstream.
If I were you, next time I'd put the links initially.
Just screaming around with nothing to back it up it like a balloon popping with no surprise inside.
Libra. Government is against it.
So you won't need to worry about it.
It needs to pass that line first before it could even go mainstream.
He/she is a fortune teller. idiot dreamer.
The topics he publishes arent related to the section or contain thoughts that are irrelevant to the real world.
Another user who have the same habit: cryptoboss2020, if they are male and female I think it's time to marry them off.
If Facebook launches LIBRA then nobody will invest in it
Facebook won't be launching Libra as the group is going to rebrand to Diem and the target launch is next year (source)All my other predictions come true (you may check bitcoin forum)
Get a job and put your money where your mouth is. Buy bitcoin from your salary and trade. That way, you won't need to beg or talk about tips.You've no idea how traders use stable coins as already pointed by @Jawhead999. They (27 firms) won't need the community to invest because it's not something that will pump in price. They only need them to use it just like how USDT, DAI, USDC, and other stable coins.
If Facebook launches LIBRA then nobody will invest in it
It could even make to the top of market capitalization considering how huge Facebook as a company, partners of Libra project and how huge the users are in Facebook daily. It will be just easy to shill Libra in its own platform and considering as well the daily input of FB users worldwide it will never take months or weeks before a million potential investors will try to own a Libra. It may be a stablecoin but it's potential use case and not just the value of its own token that matters at all, it could be used to pay those who runs an stream something like that, FB gaming is lit nowadays. All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
Proof, please? Or do you want us to dig your post history just to look for it which could be a waste of time for us. If I were you, next time I'd put the links initially.
Just screaming around with nothing to back it up it like a balloon popping with no surprise inside.
Libra. Government is against it.
So you won't need to worry about it.
It needs to pass that line first before it could even go mainstream.
Libra doesn't need investors it's stable coins so I don't think someone will full his bag with stable currency it is the same use as USDT so you will never earn with that even how many coins you hold for long . The target of Libra is not investors but to have more users of their build crypto currency more usecases so they can have more market. I am sure it is backed by real currency if ever they launch it and you know Facebook has a lot of money so they don't need more investors they can build it by their own . But they can have partnership with other big company that see their vision.
There is no enough description to back your claim. It's always, any stable coin isn't volatile. But still, you can notice there are many stable coins in the market. So have you thought about who are they invest in these coins? If Facebook creates a stable coin means even it would be sold out among Facebook users especially those who need to run advertising on Facebook. It would be an easy way to advertise on Facebook without PayPal or credit/debit cards. So, why peoples will not invest in Libra stable coin? Of course, they would get support from multiple big exchanges which would drive more investment.
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