Topic: Libra Coin and Bitcoin (Read 713 times)

Obviously, Libra will increase the awareness and it will become a new stable coin. After releasing the first social media crypto, social platform payments will be done with help of blockchain powered ledger. Libra brings a new blood to the market and this user flow will help Bitcoin to hit a new all time prices one more time.

If we look at the news now about Libra coins then this is very good, but in reality I don't know how coins are up to work now and whether they will be the same as the performance of Bitcoin and Ethereum, so we don't know for sure, then we can only follow  development only

Libracoin will be the utility token in the facebook app.So , the user of facebook can transfer money by P2P.
It will not replace Bitcoin nor Ethereum.

LIBRA again, the facebook coin again.
i think LIBRA is not have a really good progress and why people just look LIBRA because it from Facebook.
LIBRA is a new here and Bitcoin is the king of cryptocurrency.
and we can look how LIBRA have a bad respone in this forum.

what you convey is an opinion that you think about libra coin ... and in my opinion about what you think it is impossible to happen ... because there are already many qualified coins and have a team that is able to create various products to make their coins great and in great demand people were able to boost the price of their coins ... but until now no one has been able to do it ... that the fact is that bitcoin is still number 1 in the world ..

I do not understand why these big companies are trying to create their own blockchains, when they can use already working blockchains that offer decentralization and safety, that was tested for a long time.

There are many coins they claim to beat and replace bitcoin although none has been successful in their attempt. I believe Libra coin is a great and functional coin but can never be compared with bitcoin because bitcoin is the father of cryptocurrency. It influences the price of alternative coins on the market.

Libra is not a coin that should be compared with Bitcoin.  Because Bitcoin leader Libra is just a new toy in the world of cryptocurrency.  I'm not saying that libra is bad, it just seems to me that it will quickly go out.

There are so many aspects of Libra than BTC but the security of BTC is still trusted. I don't have any doubt in BTC but we'll see in LIBRA in the next few months after it launched in the market. I see libra as big impact into the cryptocurrency community, most of the people today recognizes cryptocurrency as legal because of it.
The popularity of bitcoin also rises and that is a good thing. Libra can be the game changer here and we'll see about it in the future.

Libra is a stable coin which is not going to have volatility on the prices like happens in bitcoin so do you think it will be used for investment?

So no effect on the bitcoin from libra.

It seems like LIBRA coin is going to be a stable coin, and so can't be compared with facebook. I can say only newbies in Cryptocurrency will go after LIBRA coin and leave Bitcoin.

There are so many coins that claimed they can beat Bitcoin before they even release it. after they released those coins there's no change have been made. The price of the bitcoins is still there and most of these coins who claimed to beat bitcoin is no longer there. so in the end of the day nothing can out rank bitcoin for now.

and I also think that there is no joy or any level and some success.  but it seems to me that it will not be better than Bitcoin.  maximum, it will enter the top ten first and then in the top five coins.

I think Libra will be a very good and functional coin. But it is important to understand that this coin will be regulated and it will not be anonymous. I believe that these factors will not allow this coin to overtake today's leaders. Most likely Libra will quickly raise its price but then there will be a sharp decline.

I don't think libra will impact Bitcoin or people stop using Bitcoin over libra. It's stable coin vs pure decentralized coin. The whole structure of cryptocurrencies has been due to the base of Bitcoin.
I firmly believe that Bitcoin price may influence libra just like other cryptocurrencies.

Libra coin if allowed to be traded freely like any other cryptocoin, would have a positive effect on adoption and price of bitcoin. It's easiness of buying and getting would make people easier to enter the crypto market. And when they does, the first thing they'd choose in bitcoin. And hence the price of bitcoin would be on a rise.

I agree libra coin wouldn't be taking over what path did bitcoin had been through. This was just a regular altcoin who happened to be popult due to social media backed up. Without any sort of reasons like that, there's no possible point that it could be appreciated on that point.

Libra coin will likely be a stablecoin so will likely have limited volatility compared to bitcoin. Btc will likely be considered more preferable thn libra for trading/speculation purposes.

Nevertheless, the central  banking cartel will do everything to derail crypto. The only hope is 100% anonymous ownership of one's assets. Efforts are already underway in the US to ban crypto and any asset that could undermine status of  debt as money and by extension the socio-economic power of banks. This is why there is such a strong political pushback against libra and the development of crypto in general. KYC is a measure imposed by the banking establishment to potentially  identify and target large holders of crypto.

 Remember gold was forcibly seized from US citizens to prop up the FED's monetary hegemony in 1933. The same thing will happen to crypto once it begins to seriously threaten the  monetary monopoly of central banks.

Currently, the only thing preventing that is the lack of credible stablecoin due to volatility. If facebook libra gets released it could be a panacea  stablecoin bridging fiat and crypto. I am sure this will come at a price, for example severe restrictions and reporting requirements on large crypto holdings along with unexplained wealth confiscation orders of large crypto holdings.

For solutions against the oncoming crackdown check the following link to our project:

https://bitcointalksearch.org/topic/proposal-100-anonymous-accounts-no-limits-or-kyc-fiatpaypal-accepted-5159944

however bitcoin will never be replaced if the libra coin has a good advantage over bitcoin it will have a good impact on crypto and will have an impact on bitcoin hopefully this is a good start for crypto considering that lately bitcoin has risen significantly maybe it's the impact of fb adopting crypto

If you talk about the effects of the emergence of a new project, of course there will be an effect. But the size or size depends on what features Libra will launch. Seeing the very warm conversations in recent weeks about Libra, it's likely to be a tough competitor for them (old and popular coins). I have to be patient to wait for what will happen in the beginning of 2020, when Libra is launched to the exchange.