Bitcoin Forum

The only discussion currently opposing the crypto world is the arrival of the original social media cryptocurrency, Facebook, GlobalCoin.

Citing reports from Information, GlobalCoin can be done this month. BEFORE ENJOYED, GlobalCoin has been used in the Real World

Complete information can be visited https://cryptoharian.com/apakah-globalcoin-facebook-bagus-untuk-dibeli/

If it's going to be a stable coin then it's not something you want to buy as an investment, just something to use. As a speculator you will want to stick with bitcoin instead then change to globalcoin when you want to buy something

I don't think retail investors can make money holding this coin, it is just to more wealth around because it is a stable coin, and with what I have read it may take long term than we all anticipate because of the regulation issue, approving this means alot of project is going to exploit this and launch their own coin

I agree it will be heavily regulated might as well stick to Bitcoin and other top coins in the market, but we'll see I don't want to judge how this coins going to perform, but I don't see it as another threat to Bitcoin although some people already speculate the possibility.

For me, Facebook always does the best and everything always works, and I'm sure they always don't play games when making something that will be useful and business. so this might be the answer for us because we have always been presented with projects that are not serious

I might seem like a good buy but I don't see it as a coin you can invest in for quick returns because its designed to be a stable coin. Perhaps if you seek for an asset to help stabilise your funds, then you can invest in Facebook global coin

I don't think Facebook's global coin will be helpful for the investors. Because it will be designed to use in Facebook's internal services! User will have the opportunity to pay the ads fee through this global coin. It is like a stable coin and I don't think they will be listed on a crypto exchange. However, let's see

For bitcoin it will not be threat. But for crypto market it is possible.
Most likely, Facebook will be reason for its users to gain more trust in crypto market. That is, more people will ask themselves:
- What is blockchain in reality?

And they will begin to study this technology. Only problem is whether these people will be able to get true answers to their questions.
But in my opinion, Facebook will prevent users from getting true information from his platform. Let's recall relation of Facebook to crypocurrency over the past year.

Better telegram, facebook through chur centralized

Did you use google translate for your post?
The link you gave on above is an article with all indonesian language, there is no english or other language options, so those who aren't native in indonesian should be confused.

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To those who want to know about new facebook coin, you can read on here
 https://www.google.com/amp/s/www.thesun.co.uk/tech/9242428/facebook-bitcoin-libra-cryptocurrency-release-date/amp/

I think it's 80 percent possible to success gbolacoin create and project of the most popular social media, why I agree for their success globalcoin can use facebook social media to promote it and to encourage more investors.

This is a step forward in the global market, from various sources it is almost confirmed to be a stable coin. The importance is its usage within social media for all sort of transaction needs which at present is done through the digital payment gateway. Without doubt globalcoin is a success as they've got an established number of userbase around the world.

We haven't any clue yet if this would be a choice of the people since it is just a new currency. But we should expect already some differences in it compared to Bitcoin because i have a feeling that it would follow what BNB's been doing. I hope i am wrong here though but if it is then it is up to the people to choose what coins they have to hodl or invest.

The possibility of this coin will later compete at the top of the market, because coin developers are big developers of Facebook.
We will see it in the future

Facebook's coin will be a stablecoin. There is absolutely no point in buying it in the hope that its price will increase.
I would stay away from it anyway, I don't use Facebook and so I have no use for something used on their platform.

No one can accurately predict whether the coin is good or not. if you want to know the good or not, you can speculate by buying it. At least you will be able to feel it.
Btw You should move this thread to the Indonesian language forum

There are many stable coins available on the market and if the global coin is a stable coin, then there is nothing interesting about the coins made by Facebook. Because will not make a profit, if you buy and hold it.

yeah, this thread should created on indonesian local forum
because the link in the first post from this thread is indonesian link

anyway maybe this global coin will replace xrp in the future, just maybe and everything can be right and wrong too

you first have to let it be released before you even start deciding whether or not buy it and it is not going to be released soon.  not to mention that this coin is not your regular cryptocurrency. it is a centralized token created by a centralized giant company that will have a stable value since it is fully controlled by them. think of it something like PayPal, you don't invest in PayPal dollars you only use them and if you want to make an investment you do it in the company itself.

This will be very good if the Facebook has come with the global stable coin. Because, as you know Facebook is the giant in the social media industry. This coin of the Facebook may subscribe within a day as the company itself is very profitable and can give the investors better return. But, the big problem is that till now Facebook has not officially announce such a movement.

Facebook has a name that is so big that it is likely that global coin can succeed and reach a high price, it is supported by the power possessed by Facebook. like what happens to binance coins, the background is the main factor why Bnb can reach such a good level. so global coin is something that has very good prospects, let's invest and we will get various benefits when selling it in the future.

It's totally unpredictable.

IMO, I think it's worth to buy when some altcoin combine with well known product such as FB,amazon,etc , it will attract potencial investor even faster !

I think its good to buy , i dont know its going to stable coin but with facebook user around the world and its coin gonna be payment on facebook ads thats a massive think can happen on global market

This is exactly my point. Who invests in a stable project incapable of yielding profits or loss. I think it will majorly offer hedge properties to the volatile crypto markets with more reward  to holders unlike usdt, pax and other stable coins available

I think all of the tokens were already sold. And I don't think there will be an IEO or ICO. Maybe this coin will never list at the centralized exchanges. And I am not sure we can use this coin as an investment instrument.

I don't have the experience about that but I think if it was good rating then we need to try that at least once a while because we need to get every opportunity useful so this is also like that.

Will it be a typical altcoin? By reading some article about the Facebook coin, I think it will be another stable coin! We need to wait a couple of days more to see the facebook coin whitepaper!

if you want to make a profit with facebooks stablecoin, it may not be a good idea to buy it. the prospects for profit are certainly low.
but if you want to pay with it on facebooks world, it is a good idea.

for such a coin, its good to invest in terms of using it on their product such as for payment on their.. i would invest on facebook coin because i do have business to promote in facebook its a good choice  ;D ;D

Maybe he forgot and did not read the news link.
haha maybe he was afraid to make a thread there because of the habit of posting spam.
one more and very embarrassing.

I guess they would not make this big announcement if they are not looking for investors, they want to compete in crypto, so definitely want to gain some investments from the people.

Its worth to buy if this Global coin will not become a stablecoin this is surely be placed easily in top 10 in Coinmarketcap once listed into exchanges lets wait for the WP which according to news it will be release on June 18, 2019 to be exact and In my opinion this coin will totally educate users of Facebook and maybe the way to adopt Cryptocurrency to be use in everyday transactions according to what they need. 

companies as big as facebook are they really looking for investors? Their platform is very large throughout the world. I think if they do that, they will only seek market support for promotions when they compete in the crypto market.

I think the coin might be a success but not from an investment point of view since it will be pegged to fiat currencies.

When someone sells something on the marketplace they can get paid in Globalcoin, and then when they want to buy something they can pay with Globalcoin. In the future the Globalcoin might get accepted by retails like Amazon even.

This is good because paying with cash isn't always ideal. Some people never carry cash and when buying high valued items its risky. Also it eliminates the need for credit card vendors, so it eliminates any fees. Credit card fees are like 2% or so and this way it would be free.

The new coin from Facebook will certainly take part of the capitalization of the crypto market, but I do not think that it will become popular and will compete with Bitcoin and other well-known cryptocurrencies. Moreover, they want to make this coin stablecoin, so for investors it is not interesting, it will be just a means of payment and no more.

This will become the next good coin with trillions of marketcap but remember it looks like facebook has another plan like launch the stable coin at the same time with binance stable coin. It becomes another rumour but this coin already waited by so many people.
I expect billionaires will join too.

No, it's not good to buy.

First is will be a stablecoin so there is no chance of it increasing in value.

Second I strongly believe the purpose of the coin is so that Facebook can get hold of your purchasing data and use it to profile you and also sell on the data to third parties. I started a discussion about that here: https://bitcointalk.org/index.php?topic=5147740

A number of speculative statements were thrown by a number of crypto currency market players about GlobalCoin made by Facebook. They revealed that GlobalCoin would actually help increase the price of Bitcoin, because GlobalCoin's market reach through Facebook's social media was able to subvert a large number of altcoins.

The entry of Facebook in the crypto room was praised by many as a potential game-changer for the crypto industry. By having 2 billion user bases around the world, the entry of Facebook will provide a big boost for mass crypto adoption.
Facebook is very important for the crypto ecosystem

I don't think that someone will be able to invest in their coin (except institutional investors - they probably will have good price at seed sale). But for other people price will be stable after token sale.

The only reason I'm looking forward to this is that it could help with exposure for the blockchain industry as a whole.
I don't see it's potential at turning much of a profit though as it's most likely going to be a stable coin.
If I want to invest, I'll look coins with viable uses cases like this. (https://www.ecomi.com/?utm_source=ecomilx)

Well, from the elements of resources and support, the facebook coin will probably bring us benefits as soon as it is launched, so investing in it early can be a reasonable choice for us but in the long run, we should limit our participation in facebook coin when oscillations will become very low. Because this global event is probably too big, it attracts a lot of attention and observation from the government, under the situation where tax can be collected from this investment, facebook coin will become a place for us to automatically pay taxes to the government, even the government will always stabilize prices, not allowing pumping to happen

I totally agree with you. There's no point holding these coins for future growth. It will be a coin similar to Tether (USDT), which will be useful for fixing your profits. I think that Facebook will probably use this coin as payments among its users. The audience of this social network is huge and if Facebook establishes even a minimum Commission for these internal payments, it will receive huge profits from user transactions.

yeah, this coin will be a very fenomenal coin, and because of this coin born in this industry, and will bring a free promotions to all cryptocurrency especially for bitcoin and blockchain tech  ;)

I don't know, but it seems that Libra will be stable as well as USDT, but if he is like other coins, this high fluctuation will be interesting

It can ride with the popularity of Facebook, for sure it will be depends on how the marketing will work with this project
whatever offers and how it will attract investors who uses Facebook to also support this coin. good impressions from
users of the social site means success to this project.

It'll be a stable coin which kills all the hype about it.

If it wasn't a stable coin, they could have had x100000 of the current hype. Tether or USDc are already available as stable coins why even get facebook coins? Facebook doesn't even sell any products to the end users. It doesn't make any sense.

Rebecca Harding, former chief economist at the British Bankers Association, noted that Facebook does not regulate like a bank and there is no cryptocurrency regulated by means of fiat currencies. In addition, GlobalCoin Facebook must pass all KYC (Know Your Customer) regulatory checks and anti money laundering (AML) procedures.

The answer is "NO" Why? Because Globalcoin it's a stable coin their value its fixed rate 1:1 you cant expecting the value will increase because of its a stable coin. I think the purpose of creating global coin, will be used for their own marketplace.

Just looking at what you wrote about Facebook coin tells everybody what they need to know about the industry. They think people using Facebook can get crypto exposure and this is good for Bitcoin,,, they think they can make profit from it,,, and they think altcoins like ecomi has viable use cases.

FBcoin is altcoin is free money for Mark Zuckerberg.

The most appropriate answer stablecoin does't have any benefits at all only for the transfer of funds, Its better to invest in other ALT like LTC or doge.

Yes, even they are going to pay the employees on the basis of the cryptocurrency coin only, for holding the coin i heard somewhere they are going to pay interest for the Facebook coin, Still, we need to see many questions arising which we are going to get the answers for all those in the coming days.

I did not no much about this globalcoin and If it is Facebook that own it then it is going to be centralized. I have been coming across some information on this coin but have not spend time to read them and know the aims and objective of this coin and holding it well be good if it is not centralized or is not one of the stable coins we currently have in cryptocurrency market. Instead of holding stable coins, it is better to hold real currency in your bank account! I see no much difference except for ease of trading.

If Facebook really launches its own crypto token, then I imagine what kind of hype will unfold around this event, as well as around the entire cryptocurrency market. Surely in this case there will be a crazy growth of the main cryptocurrencies, a huge number of new investors will come to the crypto market.

Hey are giants of social media which is why they should have sticked with what they know how to do best, because this is a different field already and they might not be able to perform well as much as they think they would. Look at Steemit, who would have ever thought that they will one day have issues like the ones they are having presently.

Facebook might not be able to handle this well, because I still don’t see why the coin they are trying to create is necessary when we still have so many coins that are in the market and other stable coins that is still struggling to keep up with their activities. Let’s see how they will compete with tether though.

Maybe this global coin from Facebook will revolutionize crypto in this world, maybe later there will be many social media companies that will make the same project, but maybe Twitter will follow in the footsteps of Facebook

Facebook will use a consensus algorithm system similar to Delegated Proof of Stake (dPOS) as it has been used by EOS and Tron. The allegation is based on information from "insiders" that later parties who want to run one node in the GlobalCoin blockchain network will be required to pay around US $ 10 million on Facebook.

I don't know, because this will be good news when events that occur can increase adoption of crypto. if what is done by Facebook does not make investment into the market globally, I think it will be difficult or even not be anything on the market.

That possibility is not far from happening in the future, this is facebook venturing in crypto, so expect the rest will follow.
Just use a simple analysis, they would not be in crypto space if they don't see more potential here, but of course we will not leave bitcoin behind, let's still make it the number 1 in the market.

With facebooks influence in the social world this could either be a bad or good coin depending on their approach in different countries, but I foresee lots of legal work being done to make this a coin to be used everywhere in the world as they are likely to operate in a regulated environment unlike other cryptos such as bitcoin. But should we be buying this coin,well maybe yes as they have a market to expand in and potential for more cryptos is abundant.

It will be useful for those, who are interested in stable coins, first of all, for people from countries with bad economic situations. As soon as it will be a stable coin, its price might be very low.

I'm not sure it will be very low. because the price of a coin is actually determined by how the coin has use value. and all that is arranged and planned by the developer. if the developer has a good strategy I don't think there will be any problems with the price or the market.

but for the new project it will probably get a low price, in the first 2 years the project will definitely experience a very low price decline and if not then the project is really trying hard

Globalcoin of Facebook will be a stable coin. so it will not give you profit if you treat it as an investment. I think you should go with bitcoin if you want to invest. For now it will be better option.

The main goal of the global Facebook coin is for payment instruments on the Facebook platform such as advertisements and others, until now there is no confirmation from the large exchange that will trade the global coin.

Facebook's reputation has not been so good lately when dealing with customer information and privacy. In addition, Facebook has also focused control over its users and has banned people because of their political beliefs. So, if Facebook continues to ban such people, they will be cut off from the financial system.

There's no news about large exchanges listing the coin because the coin is yet to be created and the Facebook CEO might change his mind in a jiffy which is why no large exchange site confirm listing the coin but the coin will be totally list on large exchange after launch. However, the hype and global awareness of the coin didn't make it a good coin to buy/invest in but anyone who want to buy it must have good experience in crypto investment cause surprise can occur anytime.

Honestly, every project or business have it own disadvantages and Facebook shouldn't be totally blame for customers privacy because we internet users also need to know the modern way of using Internet till the extent of protecting our privacy. Did you not know that what you see as something bad about Facebook was the reason ICO scammers was not able to scam people through Facebook.

It is more of a utility coin, and except you have needs to use Facebook platform for your business, I think it would not concern you. I believe the coin will be more of advantage to their platform users, maybe those ones that are making payments to Facebook for business.

Aside that, I would not know the full usefulness until the coin comes and they announce to the public their intention before we can know if it will benefits the public at large or would be restricted to some group of people who cannot do without it because of their business interest.

Facebook just wants to try to be a social media platform that is not used for bad places or where crime gather, so Facebook is still trying to create better privacy so Facebook fans will still be there.

of course, Global Facebook Coin Good To Buy, everyone knows Facebook has a community and a good reputation in the eyes of the world with a Facebook coin later, will lift crypto currencies in the eyes of the world

It would depend on what the person really wants when it comes to cryptocurrency. Since this is a stable coin, I don't think a lot of investors will go buy this. And also in my case, I wouldn't buy this and would prefer to buy coins like PAX and have a long-term hold to create profit.

Facebook has announched about their coin price will depend on the price movement of dollar, so I don't think its price will goes to very low. I guess stable coin is usefull to be use as trading pair, maybe this is an alternative way for those trader to use it.

Maybe yes, if you are facebook user like me is definitely worth to buy and it has a bright future for this coin itself because is developed by facebook, and I think this coin will be easily listed on a top exchange like Binance...
IMO

I think it is very good to buy. We have not mentioned their whitepaper but the community is very excited and preparing a lot of money to buy many tokens of Globalcoin project. because fomo is getting bigger and purchasing power will increase. If the business is not as good as planned, we can still sell at a high price after being listed on exchange. The new fomo is the main factor to decide whether to invest or not.

There are so many topics that discuss Facebook coins or projects from Facebook. Am I alone here who is less interested in this. Really, I'm really not interested in investing. Maybe here there are those who want to give a brief explanation of why they should invest or buy it.

Based on all these factors for consideration, it would be interesting to see how Facebook "manages it" to get past it. Let's wait and see.

Have you see the movement price of Tether? How many years the coin has been existing on cryptocurrency market? I guess it been a long time but its price just $1 and sometimes its price down below $1. It will be happen on Global Coin because has announced the coin they made is stable coin and its price will depend on USD price movement. You have to find some information about it, and you will be know the purpose Global Coin was made only for payment system.

Facebook's upcoming GlobalCoin is a stablecoin and it's not for speculative investing like a lot of alternative currencies are or a store of value like Bitcoin its designed more for use on its platform mainly for payments and the full details for this project will be released in the next few weeks

It is a good to buy too as i believe it will be a big success for this FB Coin as Facebook have billions of users in which most of them could be turn into investors as well. FB is a famous trusted media site in which their coin commodity is already 100% legit that every investor wanted for their investments.

If we understand how the market move, we should buy facebook coin.

This market is full of hype and FUD and I guess faccebook will be hype and this coin will certainly grow in value, but I'm here for short term
as I don't see it's huge potential in the future, just wanna ride the hype in short.

No, it's not good to buy.
For one thing it's a stable coin so it won't increase in price.

But the most important reason not to use it is that the purpose as with all things Facebook is data mining. They will track your purchase habits with this coin and use it as part of their behavioural profiling, to build up a digital picture of you which they can then sell on to advertisers and other third parties.

The old adage of "if you're not paying, then you're the product" applies to everything FB does. The coin is no different. Facebook is like a comic book supervillain, world domination no matter the cost. The cost here being privacy and autonomy.

Surveillance capitalism undermines individual liberty, as FB can use their profiles of people to subtly modify our behaviour as they desire.