Topic: Libra VS Bitcoin (2 Coins Enter 1 Coin Leaves????) - page 3. (Read 1049 times)

The presence of Libra coins from Facebook companies will be a tough competitor for Bitcoin. There are many advantages offered by Libra which are not available in Bitcoin. Libra also guarantees that the coin has price stability. Different from bitcoin, the price of which cannot be controlled centrally. Bitcoin will provide huge profits when the price skyrocketed and will make the poorer when the price drops. Different from the stable price libra, but if fortunately the profit is not as big as bitcoin and when the loss then the loss is not as big as the loss suffered by bitcoin. I think these two coins will fight to get as much public trust as possible.

By objective judgments, according to the indications from Libra coin and Facebook's reputation. It has great backing from big partners like Mastercard, Visa, Uber ... Just because it ignores volatility and decentralization. I will personally support bitcoin. Because of the inherent characteristics of the crypto market. volatility is characteristic that never loses charm.

I think most of us will support bitcoin since it is decentralized and run by us. Facebook is very much centralized and collects and have so much personal info from people. Now they want to make even more money from us. Have you seen how much facebook advertising is lately? It's insane. I think the nature of cryptocurrency is more likely to attract people who are against the way facebook runs. We still use facebook but we don't like it.

easy bro  . this is just a normal coin  . this facebook's libra coin dont differ from other coins out there that come and go  . its normal at first to see this coin at hype but eventually the hype will subside and people will return to praise bitcoin again   .

you did mention this community  . this community  is not only for bitcoin but its for general  , we can talk about other coins and other stuffs as long as they are placed on the right section of this forum .

no they don't "enter" together because it is like comparing something like BMW with Samsung and say two companies enter and only one leaves! they don't even do the same thing or eve are in the same category to want to be compared with each other.
the Facebook crap is just another online payment processor that is closed sourced (both source code and running node is owned by the company), centralized, and owned by a company that has no respect for user's privacy. meanwhile bitcoin is decentralized, open source and anybody can run a node on his own and nobody can control it or censor some people from using it and some others not.

They aren't competitors. Libra is just a stablecoin launched on its own private/federated blockchain. Tether and USD Coin aren't competing with Bitcoin and neither is Libra. This is just Facebook's entry point into the global remittance market.

Anyone who uses or values Bitcoin for its monetary properties, speculative value, censorship resistant and irreversible qualities, pseudonymous privacy, etc. will continue to prefer Bitcoin. Libra doesn't address those use cases at all.

Our community is only here because of BTC, we all share the same ideas behind BTC and cryptos in general
I'll not support this coin, no matter what, and I expect almost all people do the same

Just like you have highlighted that merchant will prefer Libra than Bitcoin meaning that Libra will be competing with other payment processors like paypal and other giftcards while for the traders, Libra will serve as an umbrella during drop in price of crypto. This mean that people will be interested in converting the coin to Libra when the price of bitcoin falls. It is hard to predict but I do not see Libra as replacement for bitcoin but rather another contender. Libra will certainly be in top 5 coin or marketcap

It's good that libra coins make the value of bitcoin even higher. Libra coins will be the top 10 coins, because Libra supporters are big companies, and surely prices will be stable.

It's too early to say but in my own opinion, Libra will get the hype that it needed since it is backed up by big corporations. Imagine how many people use facebook so hype will be expected but Libra will never surpass bitcoin since Libra is a stable coin. We'll see by next year what will happen to it.

too early if we compare between Facebook Coin (LIBRA) and the king of crypto currencies namely Bitcoin (BTC).
we also don't fully know about the clarity of this project.
has there been an official notification from Facebook about this?

libra is just applepay on steroids

its all just based on a dataset of values where the unit of measure is the equivalent peg to fiat. all that changes is that it takes visa out the middle

facebook has a billion users outreach so expect it to cotton on as fast as applepay did in mainstream

that said. its not bitcoin. its just DLT (distributed ledger tech(centralised blockchain))

However Facebook being already recognized with a huge userbase will easily find success unlike its features compared to bitcoin and other cryptocurrencies. Already more contradictions were there with its new coin, but being in the testing phase everything will be rectified and a perfect outcome of libra can be expected by 2020.

Libra has features that makes it superior to Bitcoin for day to day payments. It would certainly increase the number of crypto users. It's a merchants coin and a trading tool.
Bitcoin on the other hand is now a speculative coin, a rare token to have. Libra would not directly compete with Bitcoin as its a stable coin. Bitcoin is the king of crypto.

Um, right, firstly, they are gonna have to force us to use Facebook first. Which I never will. In fact, after I found out Whatsapp belonged to Facebook, or they bought it can't remember which, I stopped using it too. My life is already too busy to go on social media.

And on crypto, my life is too busy being with Bitcoin to get another crypto that doesn't even belong to me if I buy it.

Maybe the government wants to force people to use libra than bitcoin so they will get the benefits of the coins. But still, I don't think that libra can compete with bitcoin, especially if the government control libra because bitcoin offering people to have their own money and people can manage their money. But people will choose whatever they want, and the government cannot force what people choice because it's related to their freedom to use the money.

In general, Bitcoin is definitely a better cryptocurrency than Libra, especially one the technical field. We still don't know much about Libra, but its whole idea is far more different from basic concept of cryptocurrency. From what I see, main purpose of this coin is some kind of universal money for Facebook and associated brands - so there's no chance for privacy and decentralization. But this is also a big advantage of Libra - it will be easily available. For example, one of its partners are MasterCard and Visa, which means it will probably be  available to buy this coins with your credit cards - in case of cryptocurrencies, you can only do it on some specific sites, like buycoinnow.com We have also Spotify, Uber and other brands which will probably be using this coin for transactions too.
So in the end, this coins will be completely different

Personally, i can't see any similarities between Libra and Bitcoin neither facebookcoin and Bitcoin. Bitcoin will still remains decentralized while all others cryptocurrency(altcoins or shitcoins) will remain centralize and be control by the government. Never trust these shitcoin you are comparing to Bitcoin because, facebook will sell your personal data to the government while Bitcoin will hide them from the government.

I am absolutely sure that Libra will not be able to replace Bitcoin. They simply will not be able to do it, at least at such a short time

The idea that Libra will be replacing or is meant to replace bitcoin is far from the truth. I think that should have been clear by now after the Libra people released some information. Libra is primarily meant to be the cryptocurrency and platform that will work with the social media sites controlled by Facebook and maybe if the market is responding well also with remittance or transferring money and payments. The captured market for Libra is quite big and if done well they can thrive and prosper within this market.

Just come to think about it...how come a stablecoin like Libra replace bitcoin? They are two different platforms and comparing the two is a big religious sacrilege.  The cryptocurrency market is expanding...heck we have so many projects being introduced even as we speak via the popular IEO crowdfunding...it means there will always be room for expansion. And Libra being one of the new projects has nothing to worry about what others might say in the cryptocurrency industry because it is certain of its market...in the same way that Mark Zuckerberg never cared what others might say when he started Facebook.

At the end of the day, it is the marketplace that will determine which will win and which will lose but this time around to assume that one will die in between the two (Libra and bitcoin) seems preposterous to say the least.