Topic: Libra is planning to launch in January - page 2. (Read 608 times)
So there is a light for facebook currency aka Libra I thought it was already dead because of the government. I don't think if there is an impact of the market because it is just stable coin nothing contribute of the market I guess. If this coin is volatile I don't hesitate to invest.
I think will be good impact on the crypto industry because the adoption of crypto by Facebook will boost the market and more users will come into the crypto industry and the demand for crypto will increase, and uses of crypto will increase through Facebook stablecoin, so this is good news for all crypto industry.
If it is a decentralized stablecoin then it is good for cryptocurrency enthusiasts. If not then it will be added to coins like USDT or DAI. If it is really connected to Facebook why I can't see it advertized on the platform? Users around the world of this social media giant is enormous then maybe they already started their campaign right away to educate social media users about the said coin for a better support and success during launch.
A dollar-backed stablecoin cannot be decentralized. Also at a hearing in the US Senate, Zuckerberg promised that Libra would have nothing to do with Facebook. This is most likely why it is not advertised on Facebook. In this regard, most likely, Libra will no longer be the special project that it was planned to be last year. It will be one of the stablecoins, of which there are already a lot. However, we will be able to evaluate it soon after its appearance. 
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
Thats a bald move from facebook ,after all negative feedback from crypto community.Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
To be honest, that doesn't change my mind much - they still are trying to please their auddience rather than push crypto technology
For crypto technology there are many project or university having that option for those who want to study deeply on nlockchiain technology.
I also heard they are rebranding their name, its DIEM already not Libra. That's what I read in an article on facebook. Its actaully getting a lot of attention already because of the article/news sites of crypto blogs.
Facebook will make crypto a lot more known to internet users who have yet learn about BTC. The billions of its users are will add value to BTC and altcoins after its launch.
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
But they are not Libra now as the change name happens early before the said launch.Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
https://bitcointalksearch.org/topic/m.55733566
maybe rebranding is what they see to change some bad image in the past and start a new this coming year as the launch has been postponed several times.
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
Thats a bald move from facebook ,after all negative feedback from crypto community.Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
To be honest, that doesn't change my mind much - they still are trying to please their auddience rather than push crypto technology
This a double-edged sword IMO. I think it will be good for crypto as a whole due to the publicity, but it's bad in a sense that it'll be somewhat centralised being that it's run by facebook. I imagine it will fairly stable, as others have suggested, as you'll probably purchase it directly through FIAT, I guess? In theory I don't see any reason to buy and hold, or as an investment, it'll just essentially be like a global currency...therefore, it won't be as easily manipulated and fluctuating.
I think that perhaps short-term = good, medium to long-term = not so good.
I think that perhaps short-term = good, medium to long-term = not so good.
If it is a decentralized stablecoin then it is good for cryptocurrency enthusiasts. If not then it will be added to coins like USDT or DAI. If it is really connected to Facebook why I can't see it advertized on the platform? Users around the world of this social media giant is enormous then maybe they already started their campaign right away to educate social media users about the said coin for a better support and success during launch.
They only have plan but they are not saying it can crypto is regulated in US they need to pass it first in their local government before they can launch and be available in the public if it's going to denied again then there is no way for them to launch that currency even they want.
This is the latest news about libra and they are going to change his name from LIBRA to DIEM https://www.zdnet.com/google-amp/article/libra-changes-name-to-diem-for-organisational-independence/
If I remember that libra coin was the coin of the facebook right? Well I haven't heard a news from that coin for a long time or maybe because to this Covid it outshined the Libra news, what could be the possible effect of this coin to the market?
Hopefully, they can release this Stable token successfully because many governments officials like regulators are having doubts and negative impressions, and I like the idea that they are rebranding the name Libra to "Diem"
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
I don't know if such stable coins will an impact on the crypto industries, we already have a bunch of those kinds of coins today. Though USDT is the current dominant stable coin in the crypto market, we wouldn't know if something will happen if Libra finally in the market next year. this is a tight competition because it also came from a giant company. USDT should have some Plan B to think about when their competitor is about listed in the market.
They are rebranding libra, and I think they will show that it's not even connected with Facebook, maybe they are trying to remove that bad look on the coin, but I think they have the same agenda, maybe they will be putting other people in the front just to satisfy the people and the government, but I think Facebook is still connected, I hope this time they will be able to make the government approved it.
Pretty sure it's just gonna be one more stable coin and not gonna give any signifcant impact to the crypto market. If any it's gonna be that kind of flash dump you usually see after some good news coming up. Libra's delay make its release pretty underwhelming to be honest that people just don't really care at this point. People are more focused on Paypal as of now and Libra just gonna be another stablecoin available on the market.
we can answer this if we look at the history launch of other stable coins . tether for example because it was the most succesful stable coin out there but did tether really have an impact on cryptos before ? lets find out . so i done a quick research about ether and it says that tether increase crypto trading after its launch . im thinking the same thing can happen to libra coin ...
The next step after the launch, I see the listing of this Libra stablecoin on various cryptocurrency exchanges. Personally, I will have more confidence in this stablecoin than in those that are currently present on the market, with the exception of DAI, which refers to decentralized coins.
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
I just hope they will launch this time as they initially planned to launch earlier this year.Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
The launch of libra will help boost crypto adoption and we can expect crypto demand and value explosion that will produce many new millionaires.
Maybe I was not paying enough attention, but I used to think that this project has been forgotten as I hardly hear anything about it not until now, I'm totally wrong then. Well, the hype has dropped a lot and many partners has left as well, so I don't think there is much that will likely be expected of it. In my own opinion, if the bull run extends to next year, just as most people anticipate, it will hardly be noticed because a lot of people would be focused on Bitcoin and others.
On the other hand, from another point of view, talking about its nature, which is a stablecoin, I also think there is nothing much to be expected, stablecoins comes with a stable price, so it will be seen like other stablecoins and will have USDT and others to battle with, because no matter the adoption it takes and whatever, it will still have a stable price, hence nothing much to expect. But if it's the other way around, maybe a new impact would be felt.
On the other hand, from another point of view, talking about its nature, which is a stablecoin, I also think there is nothing much to be expected, stablecoins comes with a stable price, so it will be seen like other stablecoins and will have USDT and others to battle with, because no matter the adoption it takes and whatever, it will still have a stable price, hence nothing much to expect. But if it's the other way around, maybe a new impact would be felt.
we can answer this if we look at the history launch of other stable coins . tether for example because it was the most succesful stable coin out there but did tether really have an impact on cryptos before ? lets find out . so i done a quick research about ether and it says that tether increase crypto trading after its launch . im thinking the same thing can happen to libra coin .
it was big and i dont think people will act blind to ignore it but they will be curios to try it and skip tether for now .
it was big and i dont think people will act blind to ignore it but they will be curios to try it and skip tether for now .
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
I'm of the opinion that it would have a significant impact on the cryptocurrency space. As it stands the coin market capitalisation is less than 500 billion dollars as compared to the forex market which is over a trillion dollars. This means that we still have a long way to go and with the libra coin more funds would be pumped into the industry both by individuals and institutional investors, it would also contribute to the mass adoption of cryptocurrency.
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
Let it come, it will pump more money into the crypto market as masses will be able to buy crypto coins in exchange of their fully legal and compliant libra coins so i am expecting a huge pump as soon as libra goes live in the market. Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january
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