Topic: Is libra coin going to dominate the Bitcoin market? - page 3. (Read 505 times)
I think libra Performa well if it is launch in crypto market because of fame of Facebook and it can take place in top ten coins in crypto market but libra can not dominate the crypto market because of it will be centralised coin, like a ripple coin and people love to use decentralized coins like bitcoin and bitcoin will be the most successful coin for ever, so there is no point to over take bitcoin by any other crypto currencies.
It won't happen. This is crytpo currency and we all knew that bitcoin got the attentions of each investors and users so even libra got its chance to passed the US policy it's needed for this project to also gain the trust of crypto peps. Being stable makes it much tougher for this project knowing that central power do influence the market value and always prone to manipulations.
In case libra coin will get approval from US Securities,
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
That, we don't know for sure 'til its launch. We don't even know when it will be launched either. So, it would be good to not speculate too fast or high about such things.Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
It is indeed what people have been expecting of Libra to have a great value and might be the next big thing, still if we're talking about the possibility of Libra coin could reduce the dominance of bitcoin market, I think it's unlikely to happen. We will know eventually when the time is right.
In case libra coin will get approval from US Securities,
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
It's like saying we are doing great on being decentralized then we realized it's much ok to go centralized, I don't know how competitiveLibra coin when it launch, but all I know is, it's going to be a battle of centralization and decentralization, Ripple should be the one worrying if Libra coin is finally launch, not Bitcoin, it's dominance will still remain, whether there is Libra Coin or there is none.
In case libra coin will get approval from US Securities,
Will it dominate the cryptocurrency market?
Of course not, libra coins belong to the Stablecoin category, so I guess, obviously, won't be able to dominate the market.Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
reduce the dominance of bitcoin in the market, will not be reduced much, at most only 1-3 percent.Will Libra coin reduce the dominance of Bitcoin market?
overall, libra coins are just stable coins in general so there is nothing to be special about.
not necessarily. I think Libra will remain a small part of crypto. but i also don't know, how those teams from libra prove their future. that can also happen, today we know that USDT is the most stable and dominant altcoin here. because it has a very stable value against the USD. so it is considered safe for investment or just store assets of crypto users. Libra is currently still under development and there are still many problems in it. so we don't know. is it true that it will be the most stable and approved currency of the world.
many people place too much expectations on this libra coin that is yet to be approved, the market is full of competition which is good for a healthy growth, i don't see any one project that has been able to dominate btc market till date and i doubt if there will be for a long time,
As much as the hype of libra is high it will only last for a short period, btc has been around since decades and still standing strong, i can't really say how libra will perform after a year talk more of a decade.
As much as the hype of libra is high it will only last for a short period, btc has been around since decades and still standing strong, i can't really say how libra will perform after a year talk more of a decade.
I think if the Libra Coins have been approved and released then it will not defeat the dominance of Bitcoin in the cryptocurrency market. because at this time bitcoin has become the king of cryptocurrency already has a community, trading volume and high prices. it will be difficult for other coins to beat bitcoin. and libra coins are stable coins that will not be able to defeat bitcoin that is decentralized and has high flutuation.
I don't think that will happen. Because bitcoin has experienced ups and downs for the past 10 years naturally. Therefore I think libra will not be able to match or outperform bitcoin.
All this is just a matter of purpose. Where bitcoin provides decentralized payment services while libra is rumored to be a centralized stable. Which is where most stablecoin now no one is able to surpass the dominance of bitcoin.
Maybe libra only dreamed of passing bitcoin.
All this is just a matter of purpose. Where bitcoin provides decentralized payment services while libra is rumored to be a centralized stable. Which is where most stablecoin now no one is able to surpass the dominance of bitcoin.
Maybe libra only dreamed of passing bitcoin.
In case libra coin will get approval from US Securities,
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
If they get the approval of the US Securities and they can implement, some of the rules that they want and if the Securities will allow it, then there is a possibility that Bitcoin can dominate the market, but being a centralized coin, there will be many oppositions.
In case libra coin will get approval from US Securities,
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
Why do you think so? This is a huge claim, and only belonging to Facebook can not be the cause of this claim. BTC is in the first place for years and I think at least it will be there in the next 5 years. Maybe the electronical type of the paper money that will be created in the future may make changes in this matter, but this is certainly not Libra. Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
No, it won't Libra is a threat to stable coins projects not Bitcoin, the role Bitcoin is playing is censorship resistance, if anything happens, Libra team could hold on to your coin but not with Bitcoin because there is no gatekeeper to prevent the transaction. I for one believe Libra would be approved and it is going to be a plus to Bitcoin, because more people would learn and know about BTC
in fact Facebook is one of the giants in the field of technology, especially the social media that they have which most have many users. maybe if Facebook didn't ban before, maybe they would get a lot of support but unfortunately they get a lot of opposition from crypto users and a lot of controversy, and this happened before their project was officially launched. and I think libra will be difficult to get old users, maybe most of the users are new people
I don't think so. New investors or old investors will certainly think twice about investing in Libra Coin. The reason Libra is determined as a stable coin, of course, rivals will be strong enough against the USDC, USDT and Busd. And there's no way libra coin will reduce the dominance of the bitcoin market.
No it's not going to, its more of a stable currency and can't dominate the bitcoin market. Stable currency don't add in value. Libra currency will definitely be at the top of the market but not going to dominate bitcoin or even Ethereum
Will Libra coin reduce the dominance of Bitcoin market?
Libra is designed as a competitor more for USDT than Bitcoin.
It could "take away" from Bitcoin the "use as a coin", but Bitcoin will remain at least a good investment.
However, these are suppositions. Libra has a huge power behind it and the regulators know that, so will not allow it for now.
Libra may be allowed to get launched only after ECB and other similar institutions have their coin ready or even already launched.
Probably or if most countries already have their own digital currency launched and then facebook libra will be approved. ITs too dangerous to release that coin today since it could be more powerful the a government, its a stablecoin that might not be audited if they let it launched and can be used in different ways.
Tether got a bit of a percentage which I guess the libra will also have but definitely not going to take over since more are going to prefer the decentralize coin.
Will Libra coin reduce the dominance of Bitcoin market?
Libra is designed as a competitor more for USDT than Bitcoin.
It could "take away" from Bitcoin the "use as a coin", but Bitcoin will remain at least a good investment.
However, these are suppositions. Libra has a huge power behind it and the regulators know that, so will not allow it for now.
Libra may be allowed to get launched only after ECB and other similar institutions have their coin ready or even already launched.
In case libra coin will get approval from US Securities,
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
You created another topic for Libra. Are you a fan of this project? There is no way to know if it will dominate the market. Yes it's from facebook but it is not going to be the reason why it will dominate.Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
I'm not saying it will but just a what if. Libra is going to be the same with altcoins that we all knew so there will be no difference and the crypto market will still rely to bitcoins dominance.
In case libra coin will get approval from US Securities,
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
Libra will be a stable coin and will compete with all stable coins. Most volume right now have tether. And tether have more volume then Bitcoin. Bitcoin dominance is how much marketcap have Bitcoin. Not the volume. Tether have $4 billion marketcap, what is 2% of all crypto marketcap.
will never happen? we all don't even know the origin of Libra coins, road maps, concepts and even what this Libra coin looks like.
I personally will not say at length about this issue, it's just that I'm not sure if Libra will dominate the bitcoin market. Libra will not do that, maybe if a Libra coin is launched soon it will only have a positive impact on the adoption of crypto and nothing more.
I personally will not say at length about this issue, it's just that I'm not sure if Libra will dominate the bitcoin market. Libra will not do that, maybe if a Libra coin is launched soon it will only have a positive impact on the adoption of crypto and nothing more.
In case libra coin will get approval from US Securities,
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
Will it dominate the cryptocurrency market?
Currently Bitcoin has dominance of 68% in the market.
Will Libra coin reduce the dominance of Bitcoin market?
If ever it does, I think it will have a large market but I do not think that it will take over Bitcoin's dominance. Bitcoin will still be dominant because it is the truly decentralized crypto unlike libra that is centralized.
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