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Topic: Is Global Facebook Coins Good To Buy? - page 2. (Read 754 times)

full member
Activity: 896
Merit: 100
June 11, 2019, 11:10:39 AM
#62
It will be useful for those, who are interested in stable coins, first of all, for people from countries with bad economic situations. As soon as it will be a stable coin, its price might be very low.
I'm not sure it will be very low. because the price of a coin is actually determined by how the coin has use value. and all that is arranged and planned by the developer. if the developer has a good strategy I don't think there will be any problems with the price or the market.
full member
Activity: 352
Merit: 100
June 11, 2019, 10:58:55 AM
#61
For me, Facebook always does the best and everything always works, and I'm sure they always don't play games when making something that will be useful and business. so this might be the answer for us because we have always been presented with projects that are not serious

It will be useful for those, who are interested in stable coins, first of all, for people from countries with bad economic situations. As soon as it will be a stable coin, its price might be very low.
member
Activity: 893
Merit: 43
Random coins :)
June 11, 2019, 08:52:37 AM
#60
With facebooks influence in the social world this could either be a bad or good coin depending on their approach in different countries, but I foresee lots of legal work being done to make this a coin to be used everywhere in the world as they are likely to operate in a regulated environment unlike other cryptos such as bitcoin. But should we be buying this coin,well maybe yes as they have a market to expand in and potential for more cryptos is abundant.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
June 11, 2019, 07:02:07 AM
#59
Maybe this global coin from Facebook will revolutionize crypto in this world, maybe later there will be many social media companies that will make the same project, but maybe Twitter will follow in the footsteps of Facebook
I don't know, because this will be good news when events that occur can increase adoption of crypto. if what is done by Facebook does not make investment into the market globally, I think it will be difficult or even not be anything on the market.
That possibility is not far from happening in the future, this is facebook venturing in crypto, so expect the rest will follow.
Just use a simple analysis, they would not be in crypto space if they don't see more potential here, but of course we will not leave bitcoin behind, let's still make it the number 1 in the market.
full member
Activity: 854
Merit: 101
Polkadog - Multi-Chain Defi Meme
June 11, 2019, 06:46:35 AM
#58
Maybe this global coin from Facebook will revolutionize crypto in this world, maybe later there will be many social media companies that will make the same project, but maybe Twitter will follow in the footsteps of Facebook
I don't know, because this will be good news when events that occur can increase adoption of crypto. if what is done by Facebook does not make investment into the market globally, I think it will be difficult or even not be anything on the market.
full member
Activity: 680
Merit: 101
June 11, 2019, 06:28:39 AM
#57
Facebook will use a consensus algorithm system similar to Delegated Proof of Stake (dPOS) as it has been used by EOS and Tron. The allegation is based on information from "insiders" that later parties who want to run one node in the GlobalCoin blockchain network will be required to pay around US $ 10 million on Facebook.
member
Activity: 546
Merit: 17
June 11, 2019, 06:21:14 AM
#56
Maybe this global coin from Facebook will revolutionize crypto in this world, maybe later there will be many social media companies that will make the same project, but maybe Twitter will follow in the footsteps of Facebook
hero member
Activity: 2828
Merit: 611
June 11, 2019, 05:56:10 AM
#55
This will be very good if the Facebook has come with the global stable coin. Because, as you know Facebook is the giant in the social media industry. This coin of the Facebook may subscribe within a day as the company itself is very profitable and can give the investors better return. But, the big problem is that till now Facebook has not officially announce such a movement.
Hey are giants of social media which is why they should have sticked with what they know how to do best, because this is a different field already and they might not be able to perform well as much as they think they would. Look at Steemit, who would have ever thought that they will one day have issues like the ones they are having presently.

Facebook might not be able to handle this well, because I still don’t see why the coin they are trying to create is necessary when we still have so many coins that are in the market and other stable coins that is still struggling to keep up with their activities. Let’s see how they will compete with tether though.
member
Activity: 714
Merit: 10
Living is easy with eyes closed ...
June 11, 2019, 05:35:22 AM
#54
If Facebook really launches its own crypto token, then I imagine what kind of hype will unfold around this event, as well as around the entire cryptocurrency market. Surely in this case there will be a crazy growth of the main cryptocurrencies, a huge number of new investors will come to the crypto market.
sr. member
Activity: 882
Merit: 282
June 11, 2019, 02:08:09 AM
#53
The only discussion currently opposing the crypto world is the arrival of the original social media cryptocurrency, Facebook, GlobalCoin.

Citing reports from Information, GlobalCoin can be done this month. BEFORE ENJOYED, GlobalCoin has been used in the Real World

Complete information can be visited https://cryptoharian.com/apakah-globalcoin-facebook-bagus-untuk-dibeli/
I did not no much about this globalcoin and If it is Facebook that own it then it is going to be centralized. I have been coming across some information on this coin but have not spend time to read them and know the aims and objective of this coin and holding it well be good if it is not centralized or is not one of the stable coins we currently have in cryptocurrency market. Instead of holding stable coins, it is better to hold real currency in your bank account! I see no much difference except for ease of trading.
member
Activity: 854
Merit: 10
June 11, 2019, 12:41:34 AM
#52
The answer is "NO" Why? Because Globalcoin it's a stable coin their value its fixed rate 1:1 you cant expecting the value will increase because of its a stable coin. I think the purpose of creating global coin, will be used for their own marketplace.

Yes, even they are going to pay the employees on the basis of the cryptocurrency coin only, for holding the coin i heard somewhere they are going to pay interest for the Facebook coin, Still, we need to see many questions arising which we are going to get the answers for all those in the coming days.
hero member
Activity: 1484
Merit: 516
June 11, 2019, 12:32:19 AM
#51
The answer is "NO" Why? Because Globalcoin it's a stable coin their value its fixed rate 1:1 you cant expecting the value will increase because of its a stable coin. I think the purpose of creating global coin, will be used for their own marketplace.
The most appropriate answer stablecoin does't have any benefits at all only for the transfer of funds, Its better to invest in other ALT like LTC or doge.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
June 11, 2019, 12:31:24 AM
#50
The only reason I'm looking forward to this is that it could help with exposure for the blockchain industry as a whole.
I don't see it's potential at turning much of a profit though as it's most likely going to be a stable coin.
If I want to invest, I'll look coins with viable uses cases like this.

Just looking at what you wrote about Facebook coin tells everybody what they need to know about the industry. They think people using Facebook can get crypto exposure and this is good for Bitcoin,,, they think they can make profit from it,,, and they think altcoins like ecomi has viable use cases.

FBcoin is altcoin is free money for Mark Zuckerberg.
legendary
Activity: 2660
Merit: 1261
June 11, 2019, 12:23:23 AM
#49
The answer is "NO" Why? Because Globalcoin it's a stable coin their value its fixed rate 1:1 you cant expecting the value will increase because of its a stable coin. I think the purpose of creating global coin, will be used for their own marketplace.
jr. member
Activity: 280
Merit: 6
June 11, 2019, 12:04:12 AM
#48
Rebecca Harding, former chief economist at the British Bankers Association, noted that Facebook does not regulate like a bank and there is no cryptocurrency regulated by means of fiat currencies. In addition, GlobalCoin Facebook must pass all KYC (Know Your Customer) regulatory checks and anti money laundering (AML) procedures.
legendary
Activity: 3276
Merit: 2442
June 10, 2019, 10:44:23 AM
#47
The only reason I'm looking forward to this is that it could help with exposure for the blockchain industry as a whole.
I don't see it's potential at turning much of a profit though as it's most likely going to be a stable coin.
If I want to invest, I'll look coins with viable uses cases like this.

yeah, this coin will be a very fenomenal coin, and because of this coin born in this industry, and will bring a free promotions to all cryptocurrency especially for bitcoin and blockchain tech  Wink

It'll be a stable coin which kills all the hype about it.

If it wasn't a stable coin, they could have had x100000 of the current hype. Tether or USDc are already available as stable coins why even get facebook coins? Facebook doesn't even sell any products to the end users. It doesn't make any sense.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
June 10, 2019, 10:40:37 AM
#46
I think its good to buy , i dont know its going to stable coin but with facebook user around the world and its coin gonna be payment on facebook ads thats a massive think can happen on global market
It can ride with the popularity of Facebook, for sure it will be depends on how the marketing will work with this project
whatever offers and how it will attract investors who uses Facebook to also support this coin. good impressions from
users of the social site means success to this project.
member
Activity: 316
Merit: 10
June 10, 2019, 10:11:44 AM
#45
I don't know, but it seems that Libra will be stable as well as USDT, but if he is like other coins, this high fluctuation will be interesting
sr. member
Activity: 1092
Merit: 250
Hodlers Network
June 10, 2019, 09:22:48 AM
#44
The only reason I'm looking forward to this is that it could help with exposure for the blockchain industry as a whole.
I don't see it's potential at turning much of a profit though as it's most likely going to be a stable coin.
If I want to invest, I'll look coins with viable uses cases like this.

yeah, this coin will be a very fenomenal coin, and because of this coin born in this industry, and will bring a free promotions to all cryptocurrency especially for bitcoin and blockchain tech  Wink
member
Activity: 602
Merit: 24
June 10, 2019, 09:17:01 AM
#43
If it's going to be a stable coin then it's not something you want to buy as an investment, just something to use. As a speculator you will want to stick with bitcoin instead then change to globalcoin when you want to buy something
I totally agree with you. There's no point holding these coins for future growth. It will be a coin similar to Tether (USDT), which will be useful for fixing your profits. I think that Facebook will probably use this coin as payments among its users. The audience of this social network is huge and if Facebook establishes even a minimum Commission for these internal payments, it will receive huge profits from user transactions.
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