Topic: Is Facebook trying to profit from Cryptos ? (Read 7698 times)
Maybe, this makes sense.
This is a lucrative market that a lot of tech companies want to jump into to make money. Recent news has written that Facebook is preparing to launch its own coin. So I think Facebook is heading to this market.
Yeah your probably right why? Facebook realize why need ride to dogecoin so the company decides to make own coins using the popular social mediea company and that way the coin possible to become successful to encourage people to invest.
Every business, field or direction tries nowadays and not only nowadays to get profit from everything possible. The crypto and Blockchain is new and profitable for this century, so Facebook is not the exception. Of course, they see high interest to these topics and tries to get their profitable chances. I am not sure that they will really get something, too many points are not strong, but they have a professional team, so will see.
Facebook entry into crypto will definitely profit crypto currency industry in terms of new investment in stable coin market for crypto currencies which is a positive sign for crypto currency attract big players to crypto currency market
This is a lucrative market that a lot of tech companies want to jump into to make money. Recent news has written that Facebook is preparing to launch its own coin. So I think Facebook is heading to this market.
Maybe because those coins has made a partnership with them. It is really a smart move for facebook to have a partnership with these alts and vice versa alts will benefit from it since facebook is worldwide and very known for most of the people. Facebook knows they will gain a big profit from it. It's still a business afterall.
I agree with what they've said. And yeah, I will never trade or even invest on those crypto currencies. Some of the cryptos I am holding gave me some losses that is why I can't also afford to lose and invest on those crpytos.
Although they do not create any cryptocurrency available on the market. But facebook still makes a huge amount of money from cryptocurrency projects from advertising costs. This is a smart way of making money for facebook to provide news to its users.
Since Facebook is launching libra themselves they are trying to make the economy more friendly for cryptocurrencies instead of banning it .. they are actually just climbing their way into the market .
They may be making the profit but at the same time they are making cryptocurrencies more acceptable in the market ..
They have finally opned up ..this is actually what most of the companies should do so that both sides will be benefited .
They may be making the profit but at the same time they are making cryptocurrencies more acceptable in the market ..
They have finally opned up ..this is actually what most of the companies should do so that both sides will be benefited .
Maybe those coin mentioned is the one who tie up with facebook, because they know facebook has huge influence in the world so basically those unfamous coins so they can have better future in the industry.
For your kind information, the only coin I hold is Bitcoin, always mentioned AltCoins as ShitCoin and asked people to be careful of ShitCoins. So u may keep your Sherlock Holmes dreams in the shelf for the time being.
So, would you also consider ETH, LTC, BNB as shitcoins since they are also altcoins? I bet you won't easily find an answer to my question. If you consider their price crash as a reason for classifying them as shitcoins, then what will say of a coin that fell from an ATH of $19,000 plus to a mere $3,000? That's Bitcoin! It goes to tell that nothing is ever sure in life.
Two big differences between Libra and BTC; one is centralized fiat, the other is not, one needs government permission, the other does not.
The good thing about Libra is it will teach folks what makes a crypto-currency valuable... A global permissionless p2p network for honesty and accountabilty. Libra will have none of these characteristics.
The good thing about Libra is it will teach folks what makes a crypto-currency valuable... A global permissionless p2p network for honesty and accountabilty. Libra will have none of these characteristics.
I am sure Facebook wants to take profit from cryptos, and that is why they decide to create Libra projects. By creating their own crypto, that will open their business into wider because they can use their crypto to accommodate their user in the payment systems. That will give them more money because they have huge members who are still using their website to share anything they want.
Once the project is a success, the other social media will use the same strategy as Facebook. That will give a competition among social media and who knows, that will change social media more than we see now. When the new technology developed, it could give a unique touch in the internet sphere, and that will attract more people to learn.
Once the project is a success, the other social media will use the same strategy as Facebook. That will give a competition among social media and who knows, that will change social media more than we see now. When the new technology developed, it could give a unique touch in the internet sphere, and that will attract more people to learn.
Maybe Facebook team are yet to fully understand bitcoin and hence they are dealing with altcoins for now, later on they can get on with bitcoin. Without bitcoin no other coin really make sense, except one wants to introduce scam to the public.
Mark Zuckerberg has billions of dollars and he has hired a team of the best professionals to help FB with Bitcoin is somebody does not understand it (although I doubt it too much). For sure, as money makes money, Facebook leaders have the only one aim - to make more on cryptocurrencies. I have almost no doubt that they will succeed here, and we will see the Libra project very soon.
Facebook is.losing money big time so they want to.try cryptocurrencies too. They look at it as another niche and chancr for their profit.
Unlike you I'm not so sure they will be successful, especially not with Libra. Something doesn't seem to be right there. But again the time will tell.
Maybe Facebook team are yet to fully understand bitcoin and hence they are dealing with altcoins for now, later on they can get on with bitcoin. Without bitcoin no other coin really make sense, except one wants to introduce scam to the public.
Mark Zuckerberg has billions of dollars and he has hired a team of the best professionals to help FB with Bitcoin is somebody does not understand it (although I doubt it too much). For sure, as money makes money, Facebook leaders have the only one aim - to make more on cryptocurrencies. I have almost no doubt that they will succeed here, and we will see the Libra project very soon.
Obviously Mark Zuckerberg (Facebook owner) don’t literally want to make money from bitcoin but what he want is to make money from cryptocurrency
Just like this Libra Thing in which sooner will be released ,he had planned this long time ago and now is the right time to make those dreams in reality
Just like this Libra Thing in which sooner will be released ,he had planned this long time ago and now is the right time to make those dreams in reality
The government is not going to make it easy for him, they will make sure there is a great price to pay for making facebook act like a bank for all. Facebook has to hire lobbyist to crawl under for these lawmakers to approve him. Negotiations will me made here and perhaps allowing the government to peak into their database will be agreed which is likely to be signed.
I don't think that Facebook is trying to profit from some cryptocurrencies. If Facebook would try to do that, why would it try to profit from worthless coins ? It would simply try to profit from popular cryptocurrencies.
I thought Facebook have it's own token to launch? Well,it's not possible for Facebook to use altcoins to make another profit since Facebook is one of the biggest social media platform. It is not difficult for them to promote cryptos they want because so many people using Facebook. Also they are already open for many crypto promotion so,it is possible for them to have plan to go with crypto.
Obviously Mark Zuckerberg (Facebook owner) don’t literally want to make money from bitcoin but what he want is to make money from cryptocurrency
Just like this Libra Thing in which sooner will be released ,he had planned this long time ago and now is the right time to make those dreams in reality
Just like this Libra Thing in which sooner will be released ,he had planned this long time ago and now is the right time to make those dreams in reality
This is correct, I think Facebook makes money from projects through advertising programs on media tools. And this is a huge number.
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