BTC and influence of Libra.

[tervel]

Facebook’s fiat and government bond backed cryptocurrency Libra is widely considered a net positive for bitcoin.Still do you think that,Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency?

[Delgboke]

What I consider here concerning the issue of bitcoin and Facebook Libra project bitcoin has been existing before Libra project was announced and the US government has the damage that could be because of the person behind the Libra project I think that's why the government of the US are kicking against Libra coins because is going to be a global currency and it could affect the use of dollar, but Libra cannot do without bitcoin because Libra coins is going to be tied to bitcoin.

[Quart]

I never think Bitcoin won't be under pressure even if there is a lot of negative issues on it. Bitcoin has accustomed to such situations. And finally, Bitcoin can still survive and improve its value. So, I believe that Libra and US governmental issues won't give bad impacts.

[Bica]

Libra is nothing more than a variation of the traditional financial system. This should not have much impact on btc price.

[comer]

Libra is nothing more than a variation of the traditional financial system. This should not have much impact on btc price.

agree! how could this neophyte influence bitcoin price. its been since the beginning of cryptocurrency bitcoin was created and no other alts have been capable of chalenging bitcoin in his position as the top coin in the marketplace.

[Azalea80]

Libra is nothing more than a variation of the traditional financial system. This should not have much impact on btc price.

In my idea will be a kind of earthquake in crypto world.

[Alcor]

I am a little afraid that if Libra appears, then many will prefer to use it as a means of payment, and not Bitcoin. However, it seems to me that this sensational coin may not be if the US Congress adopts a bill aimed against the emergence of this coin and prohibiting IT-campaigns with a capital turnover of more than $ 12 billion to participate in such financial projects.

[sampoerna]

In my idea will be a kind of earthquake in crypto world.

Kind of earthquake? Do you mean a big increase in Bitcoin or a decline in Bitcoin?
I think there is no big influence of Libra to Bitcoin price. Bitcoin price will increase and drop like its natural cycles. We can see that the price of BTC drops even if there will be the Libra coin.

[mimikri]

Libra is nothing more than a variation of the traditional financial system. This should not have much impact on btc price.

In my idea will be a kind of earthquake in crypto world.

I also think so. Even now, when Libra is not yet released, we feel that it affects Bitcoin and the market of cryptocurrency. When the coin is launched, it will be a really great revolution.

[alltalk]

Libra may give the influence to BTC price, but the influence only effects for a moment. The news of Libra ensures people for the future of Bitcoin and crypto future. It is like big support from a big company like Facebook that wants to create Libra coin.

[Bobcrypto]

I think many of us here are just anticipating, some positive on the yet to be Facebook's Libra coin outcome. In my opinion, Libra coin may not influence bitcoin in which ever ways anyone might looked at it. One thing the Libra project has succeeded to achieve for now is the increase awareness of bitcoin globally. The news, criticism, surport from defferent persons around the world has fuel in more inquiries, legitimate of bitcoint here by making many people getting interested in crypto.

[IyemRoker]

Bitcoin remains a Bitcoin and Bitcoin will never be affected by any altcoins including Libra.
I am sure to bet on Bitcoin that will never be shaken by the financial strength of Libra . Libra is just a doll that is owned by the mastermind of Facebook!

[Pegasus]

Actually, I think Libra's rejection from the US government has some specific effects on the whole cryptocurrency market. It's not directly on bitcoin but cash flow withdrawal from the market indirectly affect bitcoin's price. Imagine if Libra got approval from government, huge money will be poured into market, bitcoin and altcoins would simultaneously increase. Everyone wants that scenario to happen.

[Noverteno]

Libra is nothing more than a variation of the traditional financial system. This should not have much impact on btc price.

If Libra is released, which I deeply doubt now, it will definitely influence the price of Bitcoin, since it will divert some of the funds that could be invested in cryptocurrency, and in particular, in Bitcoin.

[vegasus]

Let's see if Libra can be created first and we can know whether it has influences on Bitcoin or not. I will never say Libra can give impacts or influences to Bitcoin as long as it is just a plan. There are too many issues related Libra currently, I doubt it can be created soon.