Topic: Libra Coin and Bitcoin - page 2. (Read 713 times)
Libra is a stable crypto coin like USDC and Tether so in my own view its not an investment option like bitcoin and other altcoins but one thing is very certain I belief that Libra is capable of driving new investors to crypto space since libra is going to be pair with ETH and BTC on exchanges
I am still analyzing with features that Libra will present so far. If Libra is able to make transactions faster and transaction costs are much cheaper, it's likely to shift little by little in popularity. It would be a good suggestion if Libra can use or make its own exchange, for example (facebook exchange) with cheap withdrawal and deposit fees, it is not impossible that everyone will switch very quickly. This is just personal advice.
I really hope, that Libra coin will help to near the mass adoption, but there is no way that such a centralised coin could compete with BTC or ETH for the first or second place on coinmarketcap. This would never happen on this market.
The biggest differences of libra and bitcoin will be the information that is shown to the people around the world because bitcoin is Decentralized while i think this libra coin have most the complete information of the people around the globe which it disregards the aspect of the true nature of bitcoin that is "anonymity"
Hey bro, just the same way we cannot predict the market, which is the same way that we cannot predict human beings sometimes, what you think they can never respond to is what they do respond to. In this cryptocurrency market, I have learnt never to say never. Look at when the whole issue of Craig David came out claiming to be satoshi, everyone was over the internet casting stones on him, but these same people still went behind and supported the coin, and keep boosting it through their investment. As regards this issue with Facebook Libra coin, the only thing that is guaranteed to me is that it can never displace bitcoin or take the position of bitcoin in function and in many areas, but when it comes to acceptance and support, let us leave the issue of anonymity aside, people will still use their coin if they find it as solution to any of their problem.
The biggest differences of libra and bitcoin will be the information that is shown to the people around the world because bitcoin is Decentralized while i think this libra coin have most the complete information of the people around the globe which it disregards the aspect of the true nature of bitcoin that is "anonymity"
Well we are yet to know how Libra would differ from Bitcoin, the truth is that Libra being the coin of Facebook is not going to be as safe as Bitcoin is. We have seen in the past that Facebook has been using the users’ information and data without their consent and I think that being one of the highlighted cases around the world will refrain the users to put in all their trust in Libra unlike Bitcoin.
I think shouldn't compare Bitcoin and Libra, not now. The similarity is that both of them basen on blockchain technology. It is hard to predict, only time will tell, there are only some information
The biggest differences of libra and bitcoin will be the information that is shown to the people around the world because bitcoin is Decentralized while i think this libra coin have most the complete information of the people around the globe which it disregards the aspect of the true nature of bitcoin that is "anonymity"
As of now, the buzz created by Libra on the cryptocurrency world has somehow beneficial to bitcoin and altcoins. Bitcoin has breached over $11,000 while top altcoins such as Ethereum and LTC have gained more than expected. We may not directly connect these increase to Libra hype, nonetheless this is good. Libra and bitcoin may exist together here in cryptocurrency like ethereum and bitcoin.
Libra will not be high and successful in the market cause libra does't get popularity like as BTC, stable coins only benefit dev and the team dude. BTC benefit us all so that its gaining popularity and becoming number 1 in this industry, I think BTC can't compete with such stable coins.
Nah, let's say that the Libra coin is going to be fast for transactions and charge less fees, but people are not going to abandon Bitcoin for Libra. Libra is just in the same league with USDT and other stable coins and you know for sure that coins like that does not stand a chance with Bitcoin, btc will always be taking the lead in the crypto market. And the way I see it, a lot of people are still going to prefer USDT more than the Facebook Libra coin, cause I have seen a lot of people questioning whether the Libra coin is going to be a privacy coin or just another means for them to grab more information from their platform users and sell to advertisers.
I think that in this regard, we should be a little cautious, because Facebook and how it has access to personal data of users, And now this data will also be joined by money. It seems to me that the danger can be increased.
did you really know it what LIBRA the facebook coin.
LIBRA is very young and we don't know what happen next.
i just don't really know why people get enthusiast with LIBRA just because Facebook.
let's think more.
LIBRA is very young and we don't know what happen next.
i just don't really know why people get enthusiast with LIBRA just because Facebook.
let's think more.
There will be huge blow out on the part of crptocurrency and not just BTC or ETH/
We all know that FACEBOOK is the most popular social media which most of the people in the world has an account.
this will be the way to educate people who dont know anything with crypto.
We all know that FACEBOOK is the most popular social media which most of the people in the world has an account.
this will be the way to educate people who dont know anything with crypto.
Libra is bad projet because thy sytem is centralized, we want to control our data and financial and libra does not meet these requirements. Also the price is fixed, stable coin that's means so bad for investment. So for people care about their data and money libra is bad solution
Hello Experts out there , How do you think libra coin of facebook effects Bitcoin ? For eg If libra can do what BTC , ETH could do than people will never use BTC ?
Libra would be a boost to bitcoin adoption. The price of bitcoin would increase. Libra being a direct competitor to stable coins would give a tough competition to established stable coins and would be the new favorite of exchanges and merchants.
the appearance of Libra makes bitcoin exceed $ 11,000 in 2019. this is my opinion about Libra and Bitcoin. the libra effect is very influential with a significant increase this week.
We need to understand that libra has nothing to do with btc and it is not a btc killer, libra will be a fiat backed stable coin mainly aimed at online payments and money transfers so i do not think there is any threat to btc it will perhaps increase the volume and liquidity in the crypto market.
I think that comparing Bitcoin and Libra misses the point. The only similarity between them is that both are based on blockchain technology. Bitcoin is kind of "rebel" currency, decentralized, when Libra is made for Facebook purpose only. Besides, we still don't know much about this coin, only few details from official website and Zuck's post
True, in time it is not right to compare Libra coins with Bitcoin, even though they are both cryptocurrency but the path will also be different, and now it can only be limited to predicting because the library coins have not been launched and the data is not available yet.
If Libra successfully launches stable coins, this will be good news for crypto users around the world.
So far Facebook has a large community, everyone will be more confident with the blockchain.
But I doubt it will rival Bitcoin.
So far Facebook has a large community, everyone will be more confident with the blockchain.
But I doubt it will rival Bitcoin.
Libra is the coin that will contribute to the popularization and dissemination of cryptocurrencies. But I do not think that crypto enthusiasts will support this centralized bank coin.
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