Bitcoin Price Increasing Because Of Libra?

[Senin]

It seems to me that there is too much hype near the Libra coin. This unreleased stable coin can not so strongly influence the price of Bitcoin. Especially in the direction of its increase, and not decrease. It would be more logical to assume that Libra would lower the price of Bitcoin, and not vice versa.

[mimikri]

I've been reading some comments or posts recently in various forums and some people claim that the current increase in price is due to the release of Libra's WP etc. They even say that it legitimizes cryptocurrency.
I personally doubt all that. With or without Libra, the price of Bitcoin is meant to rise. It's been on an upward trend even before this facebook coin.
What is your take on this?

I think Bitcoin price increasing because the demand of bitcoin  is increasing.  It is not cause of LIBRA.  Several people  say It is LIBRA effect,  But I also doubt about that.  Bitcoin is large,  It is the King of crypto currency.  No one can controll  bitcoin.

Certainly. People think that they can make pretty much as Bitcoin will be gaining with time, and they make long-term investments. I do not see any connection between Bitcoin and Libra, for sure.

[squadus]

It is definitely a possibility that Libra is affecting the price of Bitcoin. We will probably see more than one major announcement in the blockchain space here within the next year or so that will positively increase the value of Bitcoin.

[alltalk]

Libra is just one of the factor to increase the price of Bitcoin. The increase is not only because of Libra. There are many factors that contribute to making good trends on Bitcoin price. So, in my opinion, we shouldn't think that the increase just because of Libra only.

[Seerge]

Before there was Libra, the price of Bitcoin had increased very high in 2017.  So I'm not saying that the price of Bitcoin that increased yesterday was because of Libra.  Bitcoin is increasing because of the very high demand from Bitcoin investors and traders, while the supply is being slightly.

[Seeyy]

bitcoin is a big coin with all its potential. Libra is a newcomer long before bitcoin. which may increase the value of bitcoin over the influence of libra. while bitcoin can increase its value to $ 17483 in 2017 without the presence of libra.  because of libra.

[Noverteno]

No, there is no merit in the growth of the bitcoin price in this Libra coin. This is at least because the coin itself will not be released soon, and the active growth of the price of Bitcoin began long before the appearance of even rumors about this coin.

[Quart]

I am not really sure with the influence of Libra on Bitcoin value. As we can see today, the Bitcoin price is decreasing while yesterday it is increasing. It means with Libra, the Bitcoin still continues up and down in prices. So, there are no significant impacts from Libra.

[Senin]

Now we can say that the price of Bitcoin fell below $ 10,000 because of Libra, because Facebook was fined five billion dollars and the US Congress actually introduced the bill against this project and the release of this coin may not occur. However, I do not think that the news about the not yet released Libra coin has such a strong influence on the price of Bitcoin and the entire cryptocurrency. Here is just a coincidence, and the real reasons for something else.

[mimikri]

Now we can say that the price of Bitcoin fell below $ 10,000 because of Libra, because Facebook was fined five billion dollars and the US Congress actually introduced the bill against this project and the release of this coin may not occur. However, I do not think that the news about the not yet released Libra coin has such a strong influence on the price of Bitcoin and the entire cryptocurrency. Here is just a coincidence, and the real reasons for something else.

Libra finally does not have any effect on Bitcoin. It can compete with other stable coins as USTD in thefuture. Now, when it is not released yet, it does not affect the market of cryptocurrencies.

[moonuranus]

Libra have nothing to do with the increase of bitcoin's price, even without the libra news the bitcoin started rising and it is in the early weeks of april this year. I don't see any reasons for Libra to push the price of bitcoin upward.

[Nanagyasi]

Btc doing well and without libra so i don't know why people will associate its current rise to the release of libra WP. A coin which hasn't seen the light of the day.

[Delgboke]

Everybody has his own opinion about bitcoin they think that bitcoin is tensed because of Libra project that's not actually true bitcoin has been existing for long so I don't see the reason why bitcoin that has been doing very in the price increase will suddenly start to rise just because Libra project that is still on the process of development although is one of those stories, all I know is that Libra will not exist without not been tied under bitcoin and other currency like dollar.

[Alcor]

I do not see any correlation between the appearance of talks about the introduction of Libra coins next year and the recent price increase of Bitcoin. However, parallels can be made further. Now the states of the USA and Europe are uniting and even taking very tough steps to ban Libra, and at that time the price of Bitcoin began to fall again. Most likely, this is also just a coincidence.

[Senin]

Of course, planning for the release of a stable Libra coin has nothing to do with the rise in the price of bitcoin. In my opinion, these events, even theoretically, cannot be tied to each other. Rather, on the contrary, a global stable coin will divert investments as a stable means of payment and Bitcoin may be out of work in this regard. Because of this, demand for Bitcoin will fall, and therefore its price as well. Therefore, why the opposite conclusion is being made is not clear to me.