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Author Topic: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?  (Read 28888 times)

Offline Muneeb22

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Libra is a stable coin and i don,t think so that it will effect the Bitcoin or also another coin but if the libra is not a stable coin then it may be effect on bitcoin becasue facebook users are so much and they start to buy this coin.

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I didn't think that's their is any effect of Libra on bitcoin price , infact I think Libra is helpful in pumping of BITCOIN , if we see libra paired with Bitcoin as well other currencies .
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In a positive way, Libre will not be so good as bitcoin is, but LIbra will make billions of people know about cryptocurrency, a lot of Facebook users will have the first contact with cryptocurrency because Libra, this will make then know about BTC, ETH, LTC, BCH abd a lot more, and will make the usage increase in the long term.

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #18 on: August 12, 2020, 02:37:57 PM »
It is impossible for LIBRA to influence Bitcoin because the fact is that now LIBRA is so difficult to get up to attract various investors.
I think that in the future LIBRA will only become a decoration coin on various exchanges with stable coin types and it will be difficult to raise its rating.

I think Mark Zuckerberg is very important on this issue and this is the result of his thinking for LIBRA!

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Offline ashraf786100

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #19 on: August 19, 2020, 05:06:13 AM »
I don't understand that Taliban. This basic tor was intended to be. If he actually succeeds according to Mansoubah Bandi, then he will be able to make Zuckerberg the lord of Arbon. Now, for the most part, Libra is working on its own mustache, and with it, Libra will no longer be successful.
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Offline vaysar

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #20 on: August 19, 2020, 09:21:52 AM »
Libra is not really an alternative to bitcoin, but it is generating interest in people and encouraging more crypto exploration. Bitcoin offers what Libra cannot offer - financial freedom. The freedom and value of a coin are vital to its growth.

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #21 on: August 19, 2020, 10:39:22 AM »
The launch of Libra could effect bitcoin with regards to promotion of btc globally. And also Libra can triggered Bitcoin price to increase where millions of people using Facebook App.
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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #21 on: August 19, 2020, 10:39:22 AM »


Offline Alcor

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #22 on: August 21, 2020, 06:52:08 AM »
The launch of Libra could effect bitcoin with regards to promotion of btc globally. And also Libra can triggered Bitcoin price to increase where millions of people using Facebook App.
I don't think the emergence of the stablecoin Libra, if ever, will have any effect on the price of bitcoin. A lot of stable coins have already appeared, and all of them, in general, take away from the decentralized cryptocurrency partially its possibilities of using it as a means of payment. However, the more stablecoins already appear, the less impact they will have on the cryptocurrency.

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #23 on: August 24, 2020, 06:51:03 PM »
Libra can only marginally affect the price of bitcoin, competing with it as a means of payment. There is no other way a stablecoin can affect bitcoin. It is still too early to judge the long term. Libra needs to be released at least.

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #24 on: September 15, 2020, 05:11:01 PM »
We can not compare both coin now until libra is launched, and i also think there are no basis to compare bitcoin with libra coin since libra is not yet in the crypto market or any where in the world. Let wait see and see how libra team overcomes all it's challenges facing them.

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #25 on: November 27, 2020, 03:25:14 PM »
He is too confident in this project but now the Libra project is not heard from again. The news is that there is a problem. What is Libra Coin?

Offline Lukasz

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #26 on: November 29, 2020, 08:03:30 AM »
Librabwill not be a good coin but Facebook is the biggest social platform, with the launch of libra more than 2 billion people will have a direct contact with Cryptocurrecy and this will be the good thing it will help a lot to make all Cryptocurrecy being mainstream.


It will be native to Facebook meaning that they will have total control of a payment method on their platform and it is their choice and in regards of Libra being good or bad its probably going to be better than a lot since Facebook has all the money to pay the right people to make it good.
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Offline Condorlaib

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #27 on: November 30, 2020, 03:25:02 PM »
Librabwill not be a good coin but Facebook is the biggest social platform, with the launch of libra more than 2 billion people will have a direct contact with Cryptocurrecy and this will be the good thing it will help a lot to make all Cryptocurrecy being mainstream.

It will be native to Facebook meaning that they will have total control of a payment method on their platform and it is their choice and in regards of Libra being good or bad its probably going to be better than a lot since Facebook has all the money to pay the right people to make it good.
Of course, the Facebook community is large enough and has a huge number of people, but you need to accept the fact that only real businesses that use the Facebook social network can use Libra coin, and ordinary users do not need it at all.

Offline zulfi125

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #28 on: December 01, 2020, 09:46:52 AM »
As the Libra will launch in January 2021, then we will see, but I think Bitcoin will not affect by Facebook Libra in the long term,Libra will have their worth, and Bitcoin is superior to all cryptocurrencies.
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Offline mlawson71

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #29 on: December 03, 2020, 04:58:48 PM »
Libra got renamed to Diem, apparently.
As for what the effect on BTC will be, we'll see. BTC is doing very well currently.

 

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