Topic: The reason Libra might be good for Bitcoins (Read 545 times)
That's what I am expecting from Libra coin,since Facebook is full of billion users this is a chance to make them know about crypto on general and I'm sure this will drive many investors if not over millions into crypto
It seems that the question is too wrong, I think when a statement regarding Libra coin news, bitcoin is showing its recovery since the beginning of the year does not mean an increase in bitcoin at this time, okay if most people assume that, but if they see all the coins contribute to the growth of bitcoin ...
Everyone doesn't know the system that will be used by Libra Coins, how can we assume that Libra will help grow Bitcoin in the future ..
Everyone doesn't know the system that will be used by Libra Coins, how can we assume that Libra will help grow Bitcoin in the future ..
there is no guarantee that the launch of Libra will boost the use of bitcoin. Basically, Facebook is a capitalist company which has so far acquisition many companies to increase their business interests, profits and to get rid of its competitors. even though Facebook user active achieved 2.38 billion, I am sure it will not have any impact for bitcoin. somehow i think Libra is a silent killer.
Lol. Seriously? Are you even watching the market? BTC has been surging continuously ever since Libra was announced recently and it has already crossed the $11K mark and is successfully heading towards the $12K mark.Anyone with a half decent brain can observe that Libra is good for Bitcoin since it will improve its exposure over time helping its adoption rates over the long term. Both can coexist simultaneously without eliminating each other.
Libra issues may help pump the BTC market lately. but are you sure in the long run Libra will be friendly with other cryptocurrencies. Libra developers have a much stronger power and supported by capitalist. and I'm just worried that Libra will kill other cryptocurrencies existance.
hope you are right.
there is no guarantee that the launch of Libra will boost the use of bitcoin. Basically, Facebook is a capitalist company which has so far acquisition many companies to increase their business interests, profits and to get rid of its competitors. even though Facebook user active achieved 2.38 billion, I am sure it will not have any impact for bitcoin. somehow i think Libra is a silent killer.
Lol. Seriously? Are you even watching the market? BTC has been surging continuously ever since Libra was announced recently and it has already crossed the $11K mark and is successfully heading towards the $12K mark.Anyone with a half decent brain can observe that Libra is good for Bitcoin since it will improve its exposure over time helping its adoption rates over the long term. Both can coexist simultaneously without eliminating each other.
I strongly agree with you, from the beginning of this year I expressed that the growth of bitcoin from the beginning of the year has shown very good development, and added to the news of Libra coins that the BTC prices are increasing every day, of course everyone only wants bitcoin to grow, it's true if we see that there is no dropping each other even this instead they are mutually encouraging each other, even though the new coin libra issued a discourse and has not been released yet but the price of bitcoin continues to increase every day even it shows in all markets very good development ...
there is no guarantee that the launch of Libra will boost the use of bitcoin. Basically, Facebook is a capitalist company which has so far acquisition many companies to increase their business interests, profits and to get rid of its competitors. even though Facebook user active achieved 2.38 billion, I am sure it will not have any impact for bitcoin. somehow i think Libra is a silent killer.
Lol. Seriously? Are you even watching the market? BTC has been surging continuously ever since Libra was announced recently and it has already crossed the $11K mark and is successfully heading towards the $12K mark.Anyone with a half decent brain can observe that Libra is good for Bitcoin since it will improve its exposure over time helping its adoption rates over the long term. Both can coexist simultaneously without eliminating each other.
To me I don't kind its as easy as you people thing it is. Libra coin has great potential but that doesn't make it better than bitcoin or will be greater than bitcoin. (Its Its long way journey guys).
there is no guarantee that the launch of Libra will boost the use of bitcoin. Basically, Facebook is a capitalist company which has so far acquisition many companies to increase their business interests, profits and to get rid of its competitors. even though Facebook user active achieved 2.38 billion, I am sure it will not have any impact for bitcoin. somehow i think Libra is a silent killer.
Actually there are many ways to grow bitcoin among the wider community, Libra may be one of them because they are one of the most popular social media in the world. But the problem is the local government whether they will open the way for Libra or vice versa.
That's not a problem for sure, facebook have this in their mind and plan to launch it already know the possible regulator problem.
And as they are a big company, for sure they already see this and have solution to it already.
While there are 2.8 so billion of Facebook users, how many of those know the concept of block chain technology? maybe a few. For the first few years, I think Libra will have a hard time breaking the shadows of bitcoin. It will take time before Libra will surpass bitcoin. But the good thing is that with this emerging coin, it will not be as hard for people to start using this technology and incorporate it in their daily living.
i wonder do the Libra will have a maximum cap like other cryptos? or it will be minted for every new purchase ?
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I like your point of view because i was thinking something like that, if facebook decides people should join to cryptos, then markets will have exponential growth and not only for btc or libra, all the alts will grow too.
So, is good to see libra as good news for cryptos.
Actually there are many ways to grow bitcoin among the wider community, Libra may be one of them because they are one of the most popular social media in the world. But the problem is the local government whether they will open the way for Libra or vice versa.
I think yes, Not just in bitcoin but the entire crypto community as well it offers awareness to all individuals around the globe about cryptocurrency and blockchain technology given that facebook has a huge numbers of users. Many will be curious about it and they will start learning and soon we will have a bigger crypto community I just hope so. 
I don't think it has any direct effect to Bitcoin. It could raise awareness in digital coins though and Bitcoin will be part of that, but it won't have a major impact to it at all. No promotion of the Libra shows up in my Facebook though even if it seems to be developing quite lately. With many incidents I have read so far from getting a certain account hacked to even the Facebook-Cambridge data scandal, I don't think that it is worth investing into it.
As far as I know Libra will be fully regulated and centralized. I still don't understand why is it different form paypal? Because it will have blockchain in its backend? So what? Why is it better for end user?
Libra coin by facebook will be a welcome development and a good opportunity for traders to trade it and make profits considering it volatility when fully launched and many I am very sure many big exchanges will get it listed for example having Libra/BTC or Libra/ETH and Libra/USD these well be trade-able pairs and I am convinced its introduction into the cryptosphere wouldn't have any negative effect on bitcoin in fact it will popularize bitcoin more and give it more exposure and coverage.
On a show I watched the other day it was saying libra coin from facebook will cause harm to cryptocurrency.
Mind sharing what show you watched? So far I have seen most mainstream media sources actually praise this as being a ligitimizing factor for crypto.-snipped-
https://www.youtube.com/watch?v=spGkp-aoMS0
He posts so many everyday it is hard to keep track of which one it was exactly either this one or the one he posted a few days after about facebooks foray into the cryptospace.
Never trust more about new coins before you know detail how it they are working, maybe better you invest your money in bitcoin than have you trust libra, without have team connected with crypto maybe impossible libra will be success.
What do you meany by libra is good for bitcoin?
I think libra is crypto of facbook.. is it so??? So how it is better for bitcoin?
I think libra is crypto of facbook.. is it so??? So how it is better for bitcoin?
you should compare both good things and bad things about Libra that can be brought upon bitcoin and then say whether the total result is good for bitcoin or bad for it.
in my opinion it is very bad because the only good thing is that it might introduce more people (unintentionally) to bitcoin and increase bitcoin's popularity and adoption but at the same time it can also spread a lot of FUD and misinformation about bitcoin and mislead people even more make them think wrong things about bitcoin. for example they started calling bitcoin a high risk investment only and advertise their own crap as a currency while never mentioning how centralized and censorable it is.
in my opinion it is very bad because the only good thing is that it might introduce more people (unintentionally) to bitcoin and increase bitcoin's popularity and adoption but at the same time it can also spread a lot of FUD and misinformation about bitcoin and mislead people even more make them think wrong things about bitcoin. for example they started calling bitcoin a high risk investment only and advertise their own crap as a currency while never mentioning how centralized and censorable it is.
I didn't think so there will be any good effect to bitcoin by introduce Libra .Libra will be the next main competitor of bitcoin in upcoming days. Governments will also support the Libra.Because they can control it.They will be able to track very transaction happen on the network.Here is good point to add "tax" for transaction.If any thing going big and its looks like suspicious, they can block the account.Same as bank transactions.Libra just a version of bank transactions.
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