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Author Topic: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?  (Read 28889 times)


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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #30 on: December 04, 2020, 11:52:17 AM »

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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #31 on: December 07, 2020, 03:56:37 PM »
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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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #32 on: December 11, 2020, 10:42:29 PM »
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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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #33 on: December 12, 2020, 06:30:40 PM »
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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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #34 on: December 13, 2020, 08:51:27 AM »
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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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #35 on: December 22, 2020, 07:34:33 AM »
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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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #36 on: December 24, 2020, 04:43:20 AM »
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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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #36 on: December 24, 2020, 04:43:20 AM »


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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #37 on: January 02, 2021, 05:27:32 AM »
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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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #38 on: February 10, 2021, 07:52:57 AM »
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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Re: How will Facebook Libra cryptocurrency affect Bitcoin in the long term?
« Reply #39 on: February 10, 2021, 02:21:32 PM »
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.

 

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