Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: muneerashine on July 16, 2019, 08:39:29 PM
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Charlie Shrem tweeted about Libra and its qoute " I think the "FacebookCoin" is an attempt by big tech, banks and credit card companies to lure people away from #Bitcoin into their "better, easier, crypto", which is nothing more than a fiat coin being masqueraded as crypto. ''
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Charlie Shrem tweeted about Libra and its qoute " I think the "FacebookCoin" is an attempt by big tech, banks and credit card companies to lure people away from #Bitcoin into their "better, easier, crypto", which is nothing more than a fiat coin being masqueraded as crypto. ''
In any case, popular stable coins will distract people's attention from bitcoin and other cryptocurrencies in that stable coins can be successfully used as a means of payment. In this regard, stable coins represent serious competition for a decentralized cryptocurrency.
The appearance in the near future of many types of national stable coins of various states will greatly increase such a threat. In this regard, in my opinion, Libra will no longer play such a large role as it was originally planned.
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I actually agree with that statement. I do not doubt Facebook's big name, with very large capital and very many Facebook users have the opportunity to penetrate deeper into the crypto world and shake the BTC, but this is not easy, especially because most Facebook users don't yet know what blockchain is and how Bitcoin works.
Everything is only in the name of the business, and what is sought is profit, as Google grips the internet world, that is the ideal of Facebook to become the king of the world, I'm actually curious and waiting for a breakthrough what Facebook will do since 2018, but it seems like there isn't anything out of them. In fact, now more and more libra investors are resigning.
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Charlie Shrem tweeted about Libra and its qoute " I think the "FacebookCoin" is an attempt by big tech, banks and credit card companies to lure people away from #Bitcoin into their "better, easier, crypto", which is nothing more than a fiat coin being masqueraded as crypto. ''
I do not think so. Most likely, it was primarily a commercial project. If he succeeded as originally planned, then he would bring Zuckerberg billions in profit. Now, many states are working on the issue of their national stable coins and, along with them, Libra will no longer be a huge success. In addition, the countries of the European Union very sharply oppose the appearance of this coin and declare that it will not be allowed to circulate on its territory. Without the European market, Libra will no longer have the planned success.
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I don,t think so that Libra coin will effect on the Bitcoin market becasue Bitcoin is the heavy and great coin in the market and so many peoples will know that no one coin will cross the price of the BTC coin.
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Well, to some extent, Facebook Libra, if finally launch as planned we will make a very good impact on the crypto market, though it will be difficult to take over bitcoin now or in the future. I think there are lots of interest now on stable coins project around the world especially the Libra project, but these stablecoins may not affect bitcoin having stand out as the king of crypto and has shown that control over all coins in the current crypto ecosystem.
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I do not think that the Libra coin will continue to function successfully. European Union finance ministers have already announced that the Libra coin will be banned in their countries. Even without a European market, this coin is unlikely to normally go around the world.
In addition, Libra is a stable coin, and stable coins cannot grow in value. The price of bitcoin is thousands of times higher than the price of any ordinary currency. Therefore, about a thousand times Libra should be cheaper than Bitcoin.
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I don't think so. because bitcoin has always been a big coin until now. Many investors are interested in investing in the long run with Bitcoin. Libra cannot be a competitor of bitcoin with stable coins ... bitcoin always grows and rises in price.
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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.
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Libra coin faced failures because many of the community in cryptocurrency didn't support it.
And based on what I knew about it, even their own country if I am not mistaken they banned it, but not so sure. But now since
We are in the progress of Bitcoin halving the majority of the holders are expecting it to get increase after halving.
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Libra is a stable coin just like other stable coins found in the crypto msrket, the only difference is that Facebook is well known with over 2billion users world wide. This great number of Facebook users may attracted many attention, hence it is viewed that if Facebook Libra is finally launch will draw the interest of people out of the Fiat currency globally.
I think the USA government and others has been the challenging factors facing Libra launch.
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- I just don't understand it when people say Libra will affect bitcoin. How. They were saying the same thing about ethereum in 2017 but here we are 3 years after. Bitcoin is worth about 12 or 13 ethereum
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I don,t think so that Libra coin will effect on the Bitcoin market becasue Bitcoin is the heavy and great coin in the market and so many peoples will know that no one coin will cross the price of the BTC coin.
Any stable coin can affect the price of cryptocurrencies, including bitcoin. The price of cryptocurrency is determined by the demand for it and its popularity. It is no secret that decentralized cryptocurrency is still very poorly used as a means of payment due to its low liquidity, high price volatility, and in some cases, as for bitcoin, given its slowness and high cost of transactions. Any stable coin is deprived of these shortcomings.
Stable coins, especially stable state coins, will be in demand precisely as a means of payment. If bitcoin is used even less as a means of payment, then demand for it, and therefore its price will fall.
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Still not there is any chance that Libra come in market , because their isn't any officaly update about it .
I didn't think that Libra effect Bitcoin , because Libra is going to be used as a stable coin in market.
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I doubt if the Facebook libra will affect bitcoin in anyway if finally launched. We've seen series of predictions in favour of ethereum against bitcoin in the past four years and ethereum is not at all seeming closing up to bitcoin in term of every gazette.
Bitcoin has gotten established to be the price regulator of every other cryptos as a rise in the price of bitcoin brings their price up and the fall in the price brings other's prices down.
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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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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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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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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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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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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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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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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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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?
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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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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.
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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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Libra got renamed to Diem, (https://www.forexbrokerz.com/news/libra-rebrands-diem) apparently.
As for what the effect on BTC will be, we'll see. BTC is doing very well currently.
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Didn't get any new good news. But hopefully we will get good news in the future. Hope Libra will run well. Its team will think of improvement.
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Libra coin is a stable coin and it is not going to effect on the market becasue stable coin will not effect on the market of any coin in the crypto market. Bitcoin is a great coin and no one coin will down this.
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How can you convince someone if LIBRA has not been traded on the market so far.
We can't convince other people if we don't have products that are traded for real.
Facebook cannot replace Bitcoin (for now) because Facebook has not seen any progress until now in the cryptocurrency market .
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I'm not sure LIBRA Facebook Coin which is now being renamed DIEM will be able to influence Bitcoin, Even though Facebook itself is a big social media but it will not have any effect on Bitcoin. Bitcoin will remain the number one coin, and the presence of LIBRA / DIEM will only complement or enliven the world of Cryptocurrency.
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If Facebook issues a coin called LIBRA then I make sure Bitcoin will also increase in popularity.
Maybe Bitcoin today is not recognized by the world, but Facebook has been recognized by the world and it is certain that if Facebook is included in the cryptocurrency space then surely the parent cryptocurrency will rise.
But unfortunately, a thousand dear, now Facebook does not have complete confidence to enter the cryptocurrency market.
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Didn't get any new good news. But hopefully we will get good news in the future. Hope Libra will run well. Its team will think of improvement.
That's right, now the LIBRA doesn't provide any pertinent information about the development of the coin.
I also find it difficult to analyze if this LIBRA will actually be in cryptocurrency or not.
Never have hope for LIBRA because we have forgotten about it and prefer Bitcoin which is already profitable to trade.
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Libra can not effect on the BTC becasue BTC value is on the top of all coins and that run the market but the Libra coin is the new coin and i read an article that Libra coin is a stable coin that is the main reason that it will not effect on the BTC.
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The Libra with the new Diem name should finally be released this month if the Swiss authorities issue all permits as planned. It will be a dollar-backed stablecoin. There are a lot of such stablecoins now and they practically do not affect Bitcoin and its price in any way.
What the relationship between Diem and Facebook will be is anyone's guess, as Zuckerberg pledged in the U.S. Senate that his stablecoin would have nothing to do with Facebook.
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In short, the libra seems to be nothing more than a variation of the traditional financial system. This should not have much effect on the value of the bitcoin, as the key value of the world's first and most popular cryptocurrency is through an irrational store of exchange value and exchange.
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Charlie Shrem tweeted about Libra and its qoute " I think the "FacebookCoin" is an attempt by big tech, banks and credit card companies to lure people away from #Bitcoin into their "better, easier, crypto", which is nothing more than a fiat coin being masqueraded as crypto. ''
If the big banks were to play this game with Libra, this stablecoin would have been released long ago. In the meantime, there are continuous problems and troubles with her. Its release was planned to be carried out in Switzerland under the new name Diem in order to escape the scrutiny of US regulators, but it turned out that a company with Diem working cryptocurrency has existed in England for some time. How Zuckerberg will get out of this difficult situation is still unknown.