Libra the new crypto king - page 3. | Bitcointalksearch.org

Vaculin

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Winding down.

Quote from: MathGame on October 08, 2019, 05:24:06 PM

You can't compare Bitcoin and Facebook Libra. Bitcoin is more like a currency while Facebook Libra is stablecoins. Bitcoin was designed as a digital store of value and also a payment system while Facebook Libra is going to be created as a giant worldwide stablecoin. Bitcoin is not a stablecoin while Libra is.

We cannot compare it because there is no valid comparison, it looks like they are living in a different world.
Bitcoin could be the king of crypto while Libra will likely to be the king of stable coins market, if I can decide which crypto to consider, I think this stable coin is not a crypto since they follow the norms of the centralized system.

Bitcoin and volatility are the key factors on why this market grows, if its stable, there's no difference with fiat and other digital currency, and people will not invest on bitcoin. its features is unique and very attractive for investors that's why it reached its current value now.

ardentvolcanoes

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Quote from: shadowduck on October 08, 2019, 07:46:21 AM

Quote from: xen1oph on October 08, 2019, 06:02:06 AM

That's just so funny to read after the recent news about PayPal becoming the first member to exit Facebook's Libra Association. Don't know about 'crypto king', OP.

they just announced that they want to leave, but they didn’t. so far these are all rumors that have not been confirmed in any way. need to continue to monitor the development

Rumors that spreading to continue getting the attention of the community, its also use as free advertisement since even the rumors spreading around showed some negative info and the feedback can harmed the project but still it's bring interest. It's best to keep following and monitoring the movement of this project inside the industry before finally being launched.
Libra's potential is still on its way, only the investors and traders will bring it to reality.

MathGame

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You can't compare Bitcoin and Facebook Libra. Bitcoin is more like a currency while Facebook Libra is stablecoins. Bitcoin was designed as a digital store of value and also a payment system while Facebook Libra is going to be created as a giant worldwide stablecoin. Bitcoin is not a stablecoin while Libra is.

fillippone

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Quote from: shadowduck on October 08, 2019, 07:46:21 AM

Quote from: xen1oph on October 08, 2019, 06:02:06 AM

That's just so funny to read after the recent news about PayPal becoming the first member to exit Facebook's Libra Association. Don't know about 'crypto king', OP.

they just announced that they want to leave, but they didn’t. so far these are all rumors that have not been confirmed in any way. need to continue to monitor the development

No,
they formally declared to withdraw:

https://bitcointalksearch.org/topic/m.52654123

Quote

A PayPal spokesperson told CoinDesk in a statement that the payments firm “made the decision to forgo further participation” in the Facebook-initiated crypto project, to instead “continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”

shadowduck

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Quote from: xen1oph on October 08, 2019, 06:02:06 AM

That's just so funny to read after the recent news about PayPal becoming the first member to exit Facebook's Libra Association. Don't know about 'crypto king', OP.

they just announced that they want to leave, but they didn’t. so far these are all rumors that have not been confirmed in any way. need to continue to monitor the development

seleme

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Quote from: Impaler on October 08, 2019, 04:57:16 AM

I don't know why people are saying that Libra is the new crypto king. I know Libra is a big project and it will connect to many people . but still it is nothing but a centralized coin.

The centralized coins have a future like decentralized coins but it is too early to see a full decentralization. The blockchain technology is not fully applied to the traditional economic and financial systems but we wait for the optimized world with the blockchain technology. The peer to peer system advantages can change the world but everything has the timing and Libra is a middle step for reaching the goal IMO.

josephsonand

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Got me thinking.
You know, there's an F-word. So I think there should be an L-word.
F - for Facebook.
L - for Libra. Sorry

And to the topic - Libra is just trying to get attention, but no one actually taking it seriously. Even PayPal, as someone noticed above, refused from a partnership with L.

confreslamp

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People still believe that Libra will replace BTC Grin

Guys, Libra is a stable coin that is centralised, secondly, it is still unclear if Libra would see the light, thirdly crypto community hates the idea of centralised assets on blockchain.

xen1oph

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That's just so funny to read after the recent news about PayPal becoming the first member to exit Facebook's Libra Association. Don't know about 'crypto king', OP.

efxtrader

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Quote from: Impaler on October 08, 2019, 04:57:16 AM

I don't know why people are saying that Libra is the new crypto king. I know Libra is a big project and it will connect to many people . but still it is nothing but a centralized coin.

Maybe because many people consider Libra coin to be in demand by investors. Libra Coin in my opinion has the potential to become large because with the number of Facebook members who reach billions, there is an opportunity to become the largest in terms of market cap value

Impaler

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I don't know why people are saying that Libra is the new crypto king. I know Libra is a big project and it will connect to many people . but still it is nothing but a centralized coin.

fillippone

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You can now actually bet on Libra launch date:

Facebook Skeptics Now Have Derivatives to Bet on Libra Delays

Quote

CoinFLEX is offering physically-settled futures that will deliver Libra tokens if the so-called stablecoin is live by Dec. 30, 2020, or the settlement date. If Libra is not operational by then, investors will receive nothing and will have lost their initial investment.

You can bet on the successful launch of Libra Token by 2020.
This is not a future, actually it is an option on a Libra Token with strike price equal to 0 and expiry on 31.12.20.

This remind me on the futures on Segwit2x coins: these were massively important rejecting the fork, I doubt those future will have any significative impact on a centralised decision.

lab rat hoax

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Libra of course will add a great innovation to the crypto currency market and it will be very valuable, but it can't the new crypto king. It is not that easy. Bitcoin is always the king of this market, I think it will stay at least for the next 5 years. It is not possible for the libra to exceed bitcoin already. It is also not possible libra to exceed large coins such as ethereum, ripple, stellar in the short and medium term, but I'm sure it will be among the top-10 coins

Faxmate

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Quote from: boltz on October 06, 2019, 11:13:02 AM

Quote from: IIV on June 18, 2019, 06:38:59 PM

Until February 2020 I bet more than 30% of them will retire giving a hard time for Libra to gather the necessary funds. PayPal already retired from the Libra program and in the coming days due to the regulation problems some of them will follow PayPal decision.

I want to ask the community here, do you trust Libra anymore ? Because for sure it cannot be the King of crypto , those are just dreams ant nothing else as no one could over take bitcoin no matter how hard they try. Just because they have some big companies names that are willing to invest into Libra this won't put the currency into top 1 ...or even top 10 so just stop dreaming.

If we are talking about the King of Cryptos then it is just bitcoin, the one real king. Let us just not forget the reason why we have altcoins. I do not think that altcoins can survive or gain trust without taking help from bitcoin. The best altcoin has been ethereum for long now and even it failed to take place of bitcoin even after years of efforts. Libra or any other don't even stand the chance. They cant even achieve a quarter of what bitcoin had years ago.

goto22

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Quote from: IIV on June 18, 2019, 06:38:59 PM

Libra is not even a real cryptocurrency. Also, PayPal should already be removed from the list of supporting companies, and it will likely not be the last one to leave Libra before the coin sees launch.

bitzizzix

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Quote from: jsizar on October 06, 2019, 01:52:19 PM

Bitcoin will be the crypto king forever.
(or for a vry long time)

Bitcoin could go to zero value in no time at all. You have to invest with caution.

Lol, if you say bitcoin can reach zero value and that's not possible because all this time bitcoin has always given a good value even though there is a decrease but it will definitely go up again.
and the arrival of new coins will not affect the value of bitcoin and nothing will replace the position of bitcoin as the king of cryptocurrency.

DarkIT

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Until now, there are quite a lot of big companies that support Libra, but so is the rejection in several countries. I am not so sure that Libra can beat bitcoin in the future. however, FUD is so widely spread about libra like the link below

paypal exit from libra

french block libra from europe

Little_king

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this is yet to be known as king as the dream is still very young and never enter market also and with that alone we cant say is the king as we have lots of coin here in the market and libra is still kind of having challenging now but till we see a real market turnout and that would be nice to have.

Brunus

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Libra is the biggest scam put together by the system to block the real cryptocurrencies.
It is totally centralized, and - like your facebook account - it can be blocked without receiving any explanation.
But people are so stupid that they will be fooled.
How sad ... Sad

jsizar

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Bitcoin will be the crypto king forever.
(or for a vry long time)

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