Bitcoin Forum

If Facebook launches LIBRA then nobody will invest in it

Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.

Note: I am editing this article and have posted the update in a separate post after doing a research regarding what is libra and why it is a threat to the bitcoin?? https://bitcointalk.org/index.php?topic=5297738.new#new (https://bitcointalk.org/index.php?topic=5297738.new#new)

All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.

How can you say stablecoins or Libra are just created to earn Bitcoin? I think you need to answer that question first.

People buy stablecoins aren't for investment since it's low volatility but rather for trading with USDT/BTC pairs [1] If you say stablecoins have no benefits and no one will buy it why USDT still in top 3? There's always have a advantages/benefit with the token.

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[1] https://bitcointalk.org/index.php?topic=5253977.msg54579294#msg54579294

it would be difficult for us to speculate on what has not yet happened...
Stable coins still have a great chance, just imagine if mass adoption occurs then what is needed for the payment is a stable crypto coin. if it is true that libra is going to be a stable coin then the developers behind it will try hard to make libra popular. don't underestimate Libra's potential.

There are stable coins that are still used by many crypto users especially when they want to park their money or investment at the mean time. Libra can be popular to others who are not into crypto yet but really into using Facebook,it may not really make them have a profit but it might somehow can be use in some features of Facebook that will attract those who are not yet used in having bitcoin or any cryptocurrency.

That's right, Libra doesn't play around with being part of cryptocurrency. This is supported by their long struggle. It can't be underestimated if Libra becomes a stable coin in the end.

With a background reinforced by Facebook, this will increasingly become a calculation in cryptocurrency circles.

You’re not serious for real. Did Facebook say they were looking for investment when they announced Libra or did they ever say that Libra is an asset that people should be investing in?

You should try to understand more on what the Libra project was all about before you start saying this. Maybe they might need investors in some ways, but the main purpose of creating the Libra coin is so that it can be worldwide currency; Facebook had plans to create a currency that will be a stablecoin and used by people all over the world or transaction, a limitless form of money. But the government didn’t agree.

Libra initially already have many investors but most of them withdrawing because Libra got tackled by the regulation. Also, facebook already have their own money so it's possible that they're not gonna need any investment like most of stablecoins nowadays.
Reserving money to create stablecoin which in turn earn them profits. It's gonna be your ol' stablecoin business model nothing more I guess.

Libra is not good investment coin although Facebook as the foundation for Libra coin because last year have many partner out from Libra coin and make many investor not believe with Libra become success like bitcoin or altcoin. I think not have any progress from Libra coin right now because they have not announcement what will do in the next time, maybe Libra coin have been die and not seriously to launch their coin to public after not get legality from United State government. Until today still not have any update news with Libra coin for launching or make new progress again start from begining.

I don't see why anyone would send you donations for what you wrote on the forum? You further claim that all your predictions have come true, but I do not see that to be the case - unless you live in a parallel universe where things are exactly as you envisioned them?

Your post history -> https://bitcointalk.org/index.php?action=profile;threads;u=1183223;sa=showPosts




First you have to learn to use the internet and some basics of math, and then leave behind conspiracy theories - maybe only then can you expect some donations.

There's a lot of Facebook user worldwide and most of the user are using the Facebook current money which is "star" to send support there favorite streamer. If Libra will be available in the market, I'm sure that many people will buy it maybe not for investment but still it's an investment since they are buying it.

There is no enough description to back your claim. It's always, any stable coin isn't volatile. But still, you can notice there are many stable coins in the market. So have you thought about who are they invest in these coins? If Facebook creates a stable coin means even it would be sold out among Facebook users especially those who need to run advertising on Facebook. It would be an easy way to advertise on Facebook without PayPal or credit/debit cards. So, why peoples will not invest in Libra stable coin? Of course, they would get support from multiple big exchanges which would drive more investment.

Libra doesn't need investors   it's stable coins so I don't think someone will full his bag with stable currency it is the same use as USDT so you will never earn with that even how many coins you hold for long . The target of Libra is not investors but to have more users of their build crypto currency more usecases so they can have more market. I am sure it is backed by real currency if ever they launch it and you know Facebook has a lot of money so they don't need  more investors they can build it by their own . But they can have partnership with other big company that see their vision.

Proof, please? Or do you want us to dig your post history just to look for it which could be a waste of time for us.
If I were you, next time I'd put the links initially.
Just screaming around with nothing to back it up it like a balloon popping with no surprise inside.  ;D

Libra. Government is against it.
So you won't need to worry about it.
It needs to pass that line first before it could even go mainstream.

It could even make to the top of market capitalization considering how huge Facebook as a company, partners of Libra project and how huge the users are in Facebook daily. It will be just easy to shill Libra in its own platform and considering as well the daily input of FB users worldwide it will never take months or weeks before a million potential investors will try to own a Libra. It may be a stablecoin but it's potential use case and not just the value of its own token that matters at all, it could be used to pay those who runs an stream something like that, FB gaming is lit nowadays.

Facebook won't be launching Libra as the group is going to rebrand to Diem and the target launch is next year (source (https://www.coindesk.com/libra-diem-rebrand))

::) Get a job and put your money where your mouth is. Buy bitcoin from your salary and trade. That way, you won't need to beg or talk about tips.

You've no idea how traders use stable coins as already pointed by @Jawhead999. They (27 firms) won't need the community to invest because it's not something that will pump in price. They only need them to use it just like how USDT, DAI, USDC, and other stable coins.

He/she is a fortune teller. idiot dreamer.
The topics he publishes arent related to the section or contain thoughts that are irrelevant to the real world.
Another user who have the same habit: cryptoboss2020 (https://bitcointalk.org/index.php?action=profile;u=2835857), if they are male and female I think it's time to marry them off.

I've seen some people that are interested in "buying and investing" in it. But you have said it right that there's no point in investing in a stable coin.
Just like the other stable coins that we've got, it's aim is to create a payment system that shall be recognized by the crypto community. Actually, they don't have to create it because they already have facebook pay. But because of the trend of cryptos, they have to make one.

Facebook's stock price which tends to be stable is proof of Facebook's good work...
Facebook shares can be used as a backup of real funds to reduce price volatility that is likely to occur in Libra if, in the end, it does not become stablecoin. *I can't wait for the official launch of Libra.

When Facebook talked about launching their coin, there was widespread hype in the crypto community about libra. The main reason for this was that it took time for the crypto community to realize that investing in a stable coin would not be profitable.

However, since it will be a Facebook coin, there will be a demand for this coin. Because Facebook users can use these coin to use different services of Facebook without other payment methods. So this project will help Facebook users to get more services easily.

^ This is ridiculous I am not sure where from earth came this idea of OP that no one will be investing in Libra if Facebook will launch it. If that is the case then why should Facebook will create their own stable coin if no one will patronize it or if it has no use at all. Nevertheless, we all know that Facebook is one of the most influential social media platforms nowadays and try to imagine the number of their account holders with this, we cannot jump to the conclusion that none of them would get curious and try owning at least one. Probably OP just wants to annoy people in this community as per the topics that he posted previously and I am not sure if he joins this community voluntarily or someone asked him to do so in exchange for something.

It's on your own opinion to think that people won't venture in, trust me crypto is tricky before you knew it the bigger boys will get in and hype the project and as well make out money so you never can tell.

Try to look into their whitepaper or roadmap on whats Libra is all about.Its nothing new that earning is one of its benefits but if you do look into the broader side then it is all about utility.

It doesnt matter if this one is a typical volatile crypto or a stable coin but Libra would really have its own purpose.Saying that no one will invest on it? Try to look on how many
users had been on this platform?

You might have that in mind that people wont be investing on it but considering to those millions or even billions of users of facebook then you would really consider that there
would be someone will tend to invest on it no matter what.

Lets see on how this project will progress and lets see if it do succeed but on general view then i dont really care that much since this one isnt really truly a decentralized thing.

There is a topic that is advertising, and Facebook has a lot of power in it, most people on Facebook, Instagram have no idea about technology, they just like to be in fashion, and the machinery that Facebook has moves those emotions to channel them to buy, so much so that even China was afraid of Libra, everything is a matter of waiting.

No BODY will invest in it because if they buy $100 of facebook libra and hold it for years, its value will always be $100 while if they put $100 in btc, then they will get 10x in a few years, furthermore, putting your $100 in facebooks libra will only increase the Mark Zuckerburgs+ Facebooks investors investment in BTC

Why people will waste their money? they can easily pay with crypto to facebook or can use the paypal or bank to pay to facebook while if they purchase libra, they have to first pay for btc+exchange fee then they will get the services. Even paying with fiat will be cheap

For your information, Libra company has now changed its brand to "DIEM" in order to meet regulatory standards and emphasize the independence from Facebook. https://cointelegraph.com/news/libra-rebrands-to-diem-hoping-to-shake-off-associations

So this topic is just a coachman debate, Libra honestly won't be continued. On the other hand, DIEM (Libra) Company will be out in January next year.

I don't think so because the appeal from Facebook is so great. Therefore, the launch of LIBRA by Facebook could be very favorable for investors. When Facebook has in hand the number of people using it as advertising, the capitalization of Facebook. Will LIBRA be the coin worth waiting for for the long-term strategy of Facebook in 2021?

We do not know if the many people will try to invest to the Libra coin even that is stable coin. But as a investors and trader I would make an even 1 percent interest for the coin who are stable coin because I will not make any profit on that.

Other people are scared on the news before when facebook announced the launching of the Libra because they think it will have big impact to the cryptocurrency but after few months they know they did not affect the crypto.

It depends on your definition of investing, if you mean investing to gain profit I agree, but that's not the only condition that persuade people to put money on a coin and increase the marketcap and trading volume of a coin, you think people put their money on USDT to gain profit or keep their assets equivalent value in USD so that they don't lose any money?

Have you looked at USDT(Tether) market cap?, it's 4th in marketcap ranking, it's true that these ranking can be inaccurate at times but I believe the real ranking(after deducting fake liquidity and volume) won't be that different, it's true that Facebook is highly centralized so if they release their own coin that would be centralized as well, but considering how much fud is behind USDT(which some of it is based on reality) I think people would prefer using Libra over Tether and I don't think it will take that long for Libra to take the place of USDT in the market, I personally would not use it because a centralized platform is behind it and I will still be using the other stable coin options, but unfortunately I think most people wouldn't care.

investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.

Libra is not something you invest into, stable coins are not something you invest into, they are just there for you to make trading easier. Nobody "invests" into USDT for example, they just let it be and that is why it worths so much in marketcap because they are capable of printing as much as they want as long as people are willing to use it.

It means stable coins in the Libra shape from Facebook or any other big company that wants to do it, will worth even more, maybe as much as bitcoin one day. But none of it will be per libra, it will be marketcap because one usdt will always worth one dollar, I assume they will do the same with one libra equals one dollar type of deal as well.

Stable coins are not meant to be invested in, they are just there for controlling your asset to a pegged and fixed amount in physical USD value of it on the exchange when you might have converted all your volatile coins to them. So, investment in stable coins can be overruled for profit.

I am very skeptical about the future of Libra, it is still unclear whether Libra will be a stablecoin (like USDT or something) or not.  Libra is another business from mark Zuck, now we know Mark as the king of social media because he monopolizes big social media like Instagram and WhatsApp..

When Libra launches and attracts interest Mark will make a huge profit and the matter is whether the impact will be positive on the crypto community?  I'm not really interested in the Libra project, I'm more interested in cryptocurrencies that have long emerged like Bitcoin, ETH, BNB, EOS, Tron, etc..

what about when the launch of usdt before do you also predicted that no people will use it . users can benefit in stable coin its name says it all . when a user trade his coin to stable coin , he didnt earn more btc thru it but he can secure the value of his current btc and he can buy more btc and repeat the process to earn more stable profit . they dont create stable coins to earn a btc because btc isnt the only coin that can be traded in stable coin .

anyone can predict and its free . no one takes prediction seriously and whales dont just give free money for prediction because they are good at it .

Indeed. Stable coins are not meant for investment because you won't get any profit from it. Stable coins are only good as a safe haven asset when we are experiencing a bear market to limit our losses. That is why a lot of people and investors hates Facebook's Libra coin because it is a stable coin and it is centralized.

I was also hyped when they've first announced it. But after learning that it's going to be a stable coin then that's all where the hype stops. They are intending to get into a payment system and being used by most people. That's their target market. They are still into the usage of their coin and not all about it being as an investment. I think the main reason for that is the decision of Mark. He has set of posts about cryptocurrencies when it was the bull run of 2017.

Clearly you said it was your opinion and we don't know, how the people will react for it.Let us wait, till the launch. If the people interest had increased, it will be massive rise in LIBRA price.Facebook had a huge users and so the advertising for the project is no needed one in facebook.When the product is launched, surely the whale will had his impact on the price.

Stablecoins were not created with the intention of people investing to make a profit, stablecoins were created with the purpose of helping people keep their money safe.
If facebook launches Libra I think it will attract many users, facebook is a big company and they know how to advertise.

Firstly, you can't speak for all crypto investors.

Secondly, 95% of all crypto enthusiast are into for the profit and if Libra introduced unique airdrop alot of investors will invest in Libra.

Thirdly, some people will still invest in the Libra despite its going to be a stablecoin cause some stablecoin with your reputable team launch their project and they are still supported by the communities. Meanwhile, the Libra concept was to be a global digital currency.

Stable coins can be a safe haven during:

1. Price downside of unstable cryptocurrencies
2. Also by a way of keeping money safe. I do not know how Libra will work but as for other stable coins that I know, you can make use of hardware wallet to hold many of them with you privacy not breached to the outside world. I like cryptocurrencies for that.

Libra will truly attract people because it is a stable coin and it will be launched by a famous Facebook owner.

Where did you get this information? First of all, facebook never announced any ICO or crowdfunding event. Secondly it is a stable coin backed by a fiat currency (not sure about this part, but since it is a stable coin, highly likely backed by something). Why would someone want to invest in a stable coin? You won't make any profit. People might use it to make regular transactions. And how are they going to earn more bitcoin from stable coin? Did they mention anything about exchanging Libra with only bitcoin?
Lol, what?

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

What is important is the use case of the coin, as long as the use case is engaged and volume of use increase exchanges will demand for it and will become a store of value through the bull market to the bear. Investment from individuasl is no more as important like the institutions and we know what the option of Facebook would be. A profit of 4x is possible for investors with the hype of the institution behind it and the platform that will be engaged. Stable coin is the easiest coin to increase in marketcap as long it is used and have certain amount in the bank to defend the marketcap,

Success is given as long as it's being done by a successful company. No doubt that this stable coin is likely to be one of the most known even with the short period of time that it will be compare to other stable coins that has been around for years.

But nothing changes the fact that these two are centralized stable coins.

Whenever a Centralized authority gets into the market the usage rises, but the impact created by the same will be for a short term. In recent days PayPal has done it. With the addition of bitcoin it has been the talk of the town and the same has made more people know about bitcoin. Same as this with the launch of Libra facebook help with more people starting the usage of cryptocurrencies. Already for legal compliance it paused the launch of Libra. Lets see whats gonna happen this time.

Probably the thing might happen because if we do just base off into the number of users of Facebook then its impossible that they wont really be putting up some attention to it when Facebook do
really made out some announcement about their LIBRA coin and theres no doubt that this would be an another stable coin and i cant say that it would really affect the cryptocurrency as a whole
but at least this will be some good advertisement in cryptocurrency but to think off that this isnt included into the criteria of being a crypto.So this is just simply an another
stable centralized coin. Nobody will be investing on it? its impossible because people do always see some opportunity when everything is being hyped up.

Facebook's goal in creating Libra is not for investment, but Facebook wants to create a global currency that can be used all over the world.
Therefore the US government does not agree with the Libra project, because the government is afraid that Libra will replace the US Dollar.
So it is clear that Facebook intended to create Libra become currency, not as assets.

Mark is trying to create his own payment ecosystem that he fully controls but with less complicated regulations. This kind of thing is likely to make it easier for Facebook to develop its advertising business, considering that many people are interested in using advertising services from Faceboook.

With LIBRA, it becomes easier for us to make transactions without going through the bank to place service orders. Meanwhile, transactions through the bank will only occur when we buy the LIBRA stable coin.

With the LIBRA coin, will 2.8 billion people know about cryptocurrency?

There's no libra and it's dead. It has been rebranding into the DIEM project that will be focused into the stable coin. Libra will not be a competitor for USDT as this coin is only wanna facilitating the users from the facebook and whats app.
I think that it's quite different from the USDT. You must also see the vision of DIEM.

it's not a matter of fear or fearlessness, it's because if Libra really does succeed without passing the proper audits, that's a huge problem. Libra is a project or coin created by a large party that has millions of users (Facebook), you know what the outcome will be if they pass the audit with a rudimentary structure.

That's true that nobody will 'invest' in Libra when it launched, but it's not like Libra need investment either. Facebook doesn't make Libra for investment purposes, they make it as a payment method in the facebook.inc platform like Facebook, WhatsApp and Instagram. So that people not only can list their product on the platform but also do the transaction directly in the platform. Though, you are able to invest or speculate in Libra, I don't think that invest or speculate in a coin that is very centralized and controlled by a single entity is a wise choice.

Facebook is a big company and I'm not sure they will just something that they know no one will invest to it, maybe for some people they won't look at it as useful for them but for other we might not know.

they will create or think of a way to benefit investors who buy their coins.
Facebook is a giant social networking site, and I think your predictions are still inferior to their predictions or predictions if it is launched.

Libra will be popular among the Cryptocurrency world, they have a lot of capital to carry out promotions later, but you also need to know how the interest of investors is in valuing the coin, if Libra has good progress then the project will be surrounded by investors, if not, they are nobody here.

Facebook is a very popular medium as a medium of social communication if facebook launches libra whether anyone will invest in it will depend on the reliability of their projects and the demand for investment providing benefits in all aspects like crypto will gradually increase its progress. At present it is very difficult to predict the future no company has yet launched such projects for such investments.

No more libra and this is the era for diem coin. Diem needs to build the trust again from the investors. There are so many partnerships that have been going out.
Diem will have a lot of home work. Diem is still having a lot of supporters and some 3rd platforms have prepared the wallet for diem.

I agree, there will be tens of billions of dollars "invested" in it as in people will buy it for purposes of using it, just like we do with USDT for example or any other stablecoin, we have billions of dollars worth of it in the market and I believe it is going to be same and even more when Libra becomes a reality which I think is still few years away.

However I also do agree that nobody will invest in it, in the sense that they may want to make a profit, which is impossible because you can't make a profit from a stable coin, it is always the same money. I knew a guy who tried it for a while, he wanted to buy it at 97-98 cents range and sell at 1.01 or 1.02 range, which does happen during dumps and pumps of bitcoin price, but it was too hard and too little income and rarely ever happened, so he stopped.

There are so many projects that issued their stable coin beside their main project token. Still, they got investors. Also, a stable coin is not like something that will give a high return of investment so people won't buy them as an investment plan. They are just to avoid market volatility. You didn't mention any points why you think that stable coin will not get any attraction in the market.

Everyone should avoid libra, it will give too much power to facebook

Probably but how are other stable coins like USDT making their money? I'm sure they aren't doing free work pegging digital currency to Fiat, what's more important to facebook is making more money out of libra, whether people invest or not is not the top priority, if libra can be available for traders on Centralized exchanges then that's all

if I'm not mistaken it's not LIBRA but DIEMCOIN. Facebook company will release a token early next year and change its name to Diemcoin. do not be pessimistic, not necessarily what you think is right. whose name is an investor or trader, of course you know better which one to choose. if they think it is profitable they will take it.

Things are different now, they have a new head a new name, and a new composition of the team we will see in their official announcement if they come through on this one, they have a good potential in the market, one good example of a company adopting Cryptocurrency is Paypal integrating Cryptocurrency in their platform, so far things are looking good for all of us, only the all-time high is the one event we're waiting to happen.

it depends on the investor, if investors like Libra coin then they will still invest in it. as long as the coin can generate good returns for its users then interest in investing will remain. vice versa, but I hope the presence of the Libra coin can attract higher market adoption.

Yeah, they changed the name as the last one brought many controversies and many companies opting in and opting out of it. The project was nearly out of news and now suddenly they seem to have a roadmap ahead. Maybe they were waiting for a change in the government in the US. Not sure if that's a good or bad news for general people and their privacy.

I can't believe you said that stable coins are created to earn more bitcoin, how is this possible? If stable coins aren't working for their main purposes why would they exists in the first place? It doesn't make any sense, it's like you don't know what stable coins does, do research on that, and about Libra there is no reason to invest because it's not volatility, it's stable coin, will be useful to pegged assets to USD, it works like charm

think again. I think even people who don't understand cryptocurrency, or business people who are on Facebook will use Libra if Libra really does launch. You know that Facebook has very many users in this world and very many business people on Facebook. You can see it in the marketplace on Facebook. I think a lot of people will be interested in that. Moreover, I suspect that Facebook will provide the task of generating Libra in order to attract enthusiasts.

I dont think so，on the contrary，i think Libra is likely to succeed，and the top ten will have its place. The reason is simple，just due to Libre is launching by an international enterprise like Facebook，with abundant capital，the most solid step has been taken.

Libra won't be a coin for investment because it will be pegged to fiat currencies like US dollar or euro. so it will be used for banking services or like a mean of payment on Facebook and related sites.

Yeah I guess through commission or something similar is the way usdt could be making their money, between I assume libra already have institutional investors to fund the project so whether individuals invest or not won't be an issue to the development of the project.

It depends on Facebook's strategy when launching Libra. If they merely focusing on gathering more Bitcoins, then it may not work. But if it becomes a stable altcoin which can perform better than Ethereum, then people who did not care about Libra initially will get disappointed about their own decision.