What Zuckerberg & Libra Have to do With The Crypto Market? How Low Will BTC Goes

Endikadija

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Quote from: ololajulo on October 27, 2019, 04:20:25 PM

I dont think facebook had been able to prove the reason for another coin in this space, government is struggling with the capacity of facebook in the market considering the roaming news of how they handle privacy and the financial strength to be a force in the market. After all the drilling they could not defend their position in the market and some of their functions. Maybe zukerberg does not have good team to prepare very well for the product.

You are actually joking about that. Facebook has very big companies and children companies. Facebook has nothing to do with crypto and it has a good team to create its own payment system to be used on all of the platforms under facebook companies.
What you are saying is a non sense thing because libra has a very capable team and the problem is getting the regulatory approval and that's the only problem.

ashmodeus

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Quote from: cryptozink on October 23, 2019, 03:42:53 PM

A lot traders are blaming Mark Zuckerberg and his Libra stablecoin for Bitcoin's and the crypto market sea of reds today.

what the hell u talking about ?
"a lot traders blaming Zuckerboy " for what ? , where the exact info about it ? because when i click what u linked on your post just stupid info about how to buy libra. This is totally different from your title and what is in your article.

Quote from: cryptozink on October 23, 2019, 03:42:53 PM

What does Zuckerberg and Libra have to do with the crypto market?

this even makes no sense to me , it's just stablecoin using blockchain tech.
this is not a new hope as many people think.

ololajulo

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I dont think facebook had been able to prove the reason for another coin in this space, government is struggling with the capacity of facebook in the market considering the roaming news of how they handle privacy and the financial strength to be a force in the market. After all the drilling they could not defend their position in the market and some of their functions. Maybe zukerberg does not have good team to prepare very well for the product.

sikke

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The only way that I can foresee Libra interacting with traditional decentralized cryptos is through being a trading pair with them, much the same as the role that USDT and TUSD are fulfilling right now.

It's extremely unlikely that a tangible integration will occur between the two, simply because one is solely controlled by a multibillion dollar company, while BTC is decentralized.

Also, I doubt that there will be a significant crossover between the two, in terms of user base and adopters.

prehisto

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Your Data Belongs To You

Libra and Zuckenberg has nothing to do with BTC price, as you can see now your attempt to tie those things together had no success. Bitcoin had a great surge even with news that LIbra is falling apart, some of the members are withdrawing from the project.

krb91

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The Libra association which is behind the 'cryprocurrency' Libra are major mainstream powerhouses with users in the billions and hundreds of millions. Libra, if successul, invariably opens up the cryprocurrency market to its users by serving as a gateway. It's basically like those brands endorsing cryptocurrency as a payment means.

justdimin

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The problem is Libra was basically the first mainstream adoption of blockchain, they would have created a coin that is centralized and heavily regulated and basically nothing to do with bitcoin itself but at least it would have been better than god damn USDT, that is for sure.

Think about it for a second, a currency where people can send money to each other from whatsapp and instagram, a currency where you can buy on binance and works exactly like USDT, a currency that has fast transactions and also stable fee as well instead of the current moving ones we have right now. It would literally be dream come true for ease of use on all traders and people who work. I am a freelance worker and it would have been awesome to get paid on instagram with Libra and turn it into bitcoin at binance and withdrawing to my local account for fiat.

Kotone

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Quote from: cryptozink on October 23, 2019, 03:42:53 PM

A lot traders are blaming Mark Zuckerberg and his Libra stablecoin for Bitcoin's and the crypto market sea of reds today. What does Zuckerberg and Libra have to do with the crypto market? It's just another project right? How low will Bitcoin price falls further today?

I dont think bitcoin will be affected with Libra Issue. Bitcoin has its own reputation and will not be stumble upon the projects of others. Im not sure it will affect so much since its just a new project. Maybe it will boost market if the project Libra really has capability to shape the crypto industry. But dragging bitcoin isnt not that related at all.

hatshepsut93

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Quote from: cryptozink on October 23, 2019, 03:42:53 PM

A lot traders are blaming Mark Zuckerberg and his Libra stablecoin for Bitcoin's and the crypto market sea of reds today. What does Zuckerberg and Libra have to do with the crypto market? It's just another project right? How low will Bitcoin price falls further today?

Libra and Facebook don't influence crypto market much, Libra is having problems because it's centralized and owned by a company that has a long history of abusing power. The recent meteoric rise of Bitcoin should clearly demonstrate that there's no correlation with Libra, so whenever it looks like there's one, it's just a coincidence.

batang_bitcoin

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They all think that most investors and holders will turn their faces to Libra because it is 'promising' and probably that's why they are blaming Mark for that project. Didn't they've understood that Libra's token is going to be a stable coin? means no fluctuation just like Tether and they can also print as many as they want. If there will be a pair for Libra/Bitcoin for most exchanges it will be listed then let's expect that there will be an effect but until now, it hasn't been launched so chillout.

forexandcryptoauditor

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From my point of view, there will not be any impact to Bitcoin because of what so ever conditions will be with libra. Bitcoin is leader of cryptocurrencies and in future many such coins like Libra will come buy can not affect Bitcoin.
I see till May Bitcoin can touch 6000 but after halving rewards event, it can touch 15000 mark by the end of December 2020.

Arkann

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I believe that today you can stop speculating with news regarding the Libra project and its implementation. There has already been an official statement by the team that a moratorium will be declared on the launch of the Libra project until the US government allows developers to implement it. And we all perfectly understand that this will never happen.

Eugenar

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Quote from: Oneandpure on October 24, 2019, 03:19:30 AM

Quote from: cryptozink on October 23, 2019, 03:42:53 PM

A lot traders are blaming Mark Zuckerberg and his Libra stablecoin for Bitcoin's and the crypto market sea of reds today. What does Zuckerberg and Libra have to do with the crypto market? It's just another project right? How low will Bitcoin price falls further today?

Zuckerberg and Libra waiting permission from united government to adoption and publish Libra coin for public investor, I think united government dislike with Libra coin by never give permission for Libra become legal currency payment, US government's look very afraid one day Libra coin become most profitable and have many user around the world to use Libra as legal payment than have use other digital payment.

Basically if the Libra coin will going to operate early, and even without the permission of the US regulation, Mark Zuckerberg says he will leave the Libra. But in terms of this, there's no reason yet to blame Libra as it was not even launched yet, crypto volatility is the reason why red market is there, with many factors to consider a not by blaming a project that doesn't even in the market.

NathanJB

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Quote from: cryptozink on October 23, 2019, 03:42:53 PM

A lot traders are blaming Mark Zuckerberg and his Libra stablecoin for Bitcoin's and the crypto market sea of reds today. What does Zuckerberg and Libra have to do with the crypto market? It's just another project right? How low will Bitcoin price falls further today?

There is no connection at all. Libra cannot pull down nor push up the price of Bitcoin because it is nothing yet but a mere plan. How can a project that has not even started to make public influence the crypto market? Libra is nothing yet as of this phase. And even so, they are already attacked from all sides. But then these attacks cannot have any impact on Bitcoin or the crypto market because Libra is not yet within that market. There can never be any damage to Bitcoin simply because a certain stable coin will not be born.

Aabcde

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I think libra issue and falling bitcoin prices have no correlation at all. Fundamentally it does not connect. Many things affect the price of bitcoin, like market demand, fundamental issues related to bitcoin, new updates such as forks, halving, etc. If associated with Libra, it is very far away. Like a word, who is Libra, who is bitcoin. But maybe with the Libra issue, ordinary people are starting to understand what the crypto world is. This is like free advertising for bitcoin.

ajeef

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Quote from: cryptozink on October 23, 2019, 03:42:53 PM

A lot traders are blaming Mark Zuckerberg and his Libra stablecoin for Bitcoin's and the crypto market sea of reds today. What does Zuckerberg and Libra have to do with the crypto market? It's just another project right? How low will Bitcoin price falls further today?

Most of richest people in this world are saying bitcoin or cryptocurrency is just a bubble.
And i think zuckerberg is struggling with them, make them trust to join and build a cryptocurrency environtment is not easy.
So, i think zuckerberh is still doubt the future of their libra that's why many companys left them

dcomomal

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Even by talking about perspective of Libra causes a huge influence on the whole market. Some would say that nobody would use Libra, but in my opinion it would be a huge step towards crypto currencies mass adoption.

abeecrypto

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I do not get why Libra would be blamed. Even before the announcement of Libra, the market had always melted and came back up. It has even seen worst days. Libra actually announced the crypto world to many who hasn’t been paying attention. No blame on Libra. I those traders just want to blame something or somebody for their losses.

comchien

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Not to be blamed on Mark Zuckerberg, Libra and Bitcoin for the market to go down, the rise and fall of Bitcoin depends on many factors that sometimes cause the price to fall in the course of its direction. Mark Zuckerberg, Libra is also a company. What they do for the electronics market is likely to be further developed, and forcing them to do everything for Bitcoin discount is impossible.

Becky666

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Categorically I can't see what will make Libra contend with Bitcoin or Libra having a side affect on the price of bitcoin, remember that; bitcoin is not a stable coin and cannot be affected by altcoins price, rather the reverse is the case. Libra has failed woefully based on the questions asked by the house to the CEO "Libra is not different from PayPal" also, it design has not been good for the betterment of the financial industry.

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