Bitcoin Forum

There is now a name for the cryptocurrency-based payment system that Facebook is planning to debut in 2020 and it is called as GlobalCoin. Indeed, as the name suggest, it would be available globally (well maybe except China, Russia, Iran, North Korea and nations USA is not doing business with) starting with some hand-picked countries. Right now, the team established by Mark to tackle on this project has been communicating with some people involved with regulatory matters to thresh out things so they can start the trial maybe within this year.

With the Facebook empire at the helm and behind the GlobalCoin, people are getting excited and there are now many big investors lining up to be part of the funding circle hoping to snatch part of the estimated $1 billion the project is looking for. With Mark having the Midas touch, investors are thinking that this can be another opportunity of a lifetime. I am not sure though if Facebook will decide to also open the crowdfunding with small investors like in the trending IEOs we have today.

Wow! And of course, there will always be critics of this move by Facebook to join the cryptocurrency craze. There are objecting that what Facebook is getting into is not decentralized and hence can not even be called as genuine cryptocurrency akin to what we see in Bitcoin, Ethereum and the rest of the gang.

Now, considering all of these things and the very big potential of this Facebook project called as GlobalCoin, do you think that soon we can see Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency? Or you think that this should be treated just like a normal (though it is very big) project which might also go wrong if the market will not be responding positively? What is your opinion with the foray of Mark into cryptocurrency and will Globalcoin one day be a rival to that of Bitcoin?

This FB coin will be nothing more than a centralized stablecoin. No matter what Zukerberg says about it.
Facebook have a long history of selling their users private data. Even when they implemented end-to-end encryption in WatsApp they are still keep saving backups of conversation on centralized cloud. FB usually bans everyone who does not support their liberal left ideology.
After that I would say that there is no connection between FB and true crypto market. Or maybe only a name.

you can't call something "bitcoin rival" and then keep contradicting what you said in almost every sentence!

so it is created by a company and is controlled by a company! similar to PayPal! so it is centralized and so it can not even be compared with bitcoin!

in other words it is censorable and not global while bitcoin is censorship resistant and global!

another sign of centralization...

who exactly are these "people"?

cryptocurrency is a currency that is based on cryptography, it doesn't have to be decentralized. but when a cryptocurrency is centralized you can no longer compare it with bitcoin.
by the way Ethereum is also centralized not as much as a company coin like Facebook coin but still centralized.

they are entering a very hyped up market and with their advertising team and their company's popularity they will make a ton of money for sure but they are not entering the cryptocurrency world as we know it, they are just using the opportunity to make millions.

i repeat myself but centralized coins can never compete with bitcoin.

No coin can compete with bitcoin due to the fact that no coin can achieve the same distribution that bitcoin has.
then to even suggest that some stablecoin from Facebook would replace anything..

Thanks to him, he's a big personality that endorses cryptocurrency. So the rumors were wrong for naming it as a 'fbcoin' but it should be addressed as globalcoin. But in reality, many have tried and you just can't say because of the standing of facebook as one of the leading social media to become a rival of bitcoin.

It's no different with the early ICOs and labelled themselves as something big. Bitcoin will remain to be the top coin and people aren't willing to dive in into a newly created coin although it's supported with well known company.

Yes, lets take our decentralized space and centralize it to some guy who's selling our information.

It's too soon for them to say that coin will be the new bitcoin rival because their technology is following with the blockchain technology which is already launched several years ago.
They can claim that they are the best coin in the cryptocurrency but still, they need to give proof to us so we can trust them.
And now cryptocurrency became very popular among people on the internet, and it makes Mark did a project that wants to compete with bitcoin or even the altcoin.
I am not sure because they are new coins which still searching for popularity from the people.

I do not like this dude. I do not like his cooperation with the US intelligence agencies and the fact that Facebook merges personal data of users. Bitcoin is a completely different story. It’s like what people created for people, not for the sake of profit, but so that everyone could live better. With the Zuckerberg project, the story is different. This is a commercial project for making money. I don’t know how he will be successful, but I’m not going to participate in it for sure. If you choose such projects, I would prefer the Durov project. Because telegramm remains the only application that is not possible to crack and Durov is principled in the matter of storing customer data.

I think not totally rival mark zuckerberg grab the opportunity how to increase their funds riding of bitcoin popularity and fb coin can help to the people to encourage mass adoption because mark can he use their company to advertise their project possible the crypto currency can get benefits to hype the in the market.
FB coins is centralized crypto currency lining up altcoins came from the ICO bitcoin is stable coin being decentralized crypto currency.

The fact is that people are always excited when it comes to potential profit, and this case is no exception. Facebook like man others sees an opportunity to make more money, and cryptocurrency is a easy way these days to get your own coin. At this point it's hard to say how will the users (FB) react on this coin, but the fact is that FB is have almost 2.4 billion users (data from 2019) and that the number of users is growing steadily. There is no doubt that this is an impressive database of potential users, and that FB will use them to succeed with this project.

I agree with most of points talkbitcoin is wrote, any centralized crypto coin can not be rival to bitcoin. But fact is that Zuckerberg is fairly strong global player, and that in his plans he is knocking on lot of doors including governor of Bank of England, US Treasury and Western Union. They are all interested in this new coin, rather than for bitcoin.

That was discussed on this forum long ago. Bitcoin is known to be the king of Cryptocurrency, and no one uses it as alternative payment currency. No investor is interested in Bitcoin's Blockchain ecosystem. Facebook can create its platform but cannot replace Bitcoin. Will Facebook's platform attract investors and users if they develop stablecoin?

Finally, Facebook is in the mood to accept the existence of crypto and about to launch their own coin and it's going to be a milestone for the crypto industry and for Bitcoin lovers; as Facebook is one of the biggest community networks that connect the world which is going to impact the social platform.

Its a new coin yes, its market would be more tham Bitcoin yes, but FB coin is only for facebook. I bet you"ll be only able to use this coin inside FB that is how facebook will make money on it. It's target will only users of facebook. So it will not become a rival of Bitcoin because Bitcoin is for everything not only a specific platform.

This is nothing to be compared to bitcoin how can it possibly happen that the Facebook coin will be another bitcoin simply because Facebook is the team behind it, and again on the regulatory status it does not happen like that government have laws and to get a regulatory framework for a crypto coin is not that easy so many coins have tried to achieve the full regulations but have not succeeded. Any way we will keep looking out for how the coin will perform in the market.

I know this news is quite big, and makes some crypto lovers happy. With AT & T supporting Bitcoin and BCH before, now the Facebook discourse will be realized.

And in my opinion, this time Facebook won't use crowdfunding through third parties like the IEO. In fact, they can still collect funding targets through ICO, or without ICO, many investors have been interested in funding this project.

On the other hand, I had guessed a few months ago when there was a thread discussing this Facebook coin. They certainly won't use a decentralized system for their coins. Because Facebook itself is a business company.

i dont think it will become the rival of bitcoin
i know its supported by facebook but the thing is bitcoin is supported by mulitple giant website
you can use bitcoin to pay in different website now almost all the exchange support it as main currency
there also a lot of physical store accepting bitcoin now
even the coin is back up by facebook it cannot become a rival if you can only use it in facebook or few website
but i think it will be good support for adoption for bitcoin but also for crypto

I don't know if this Facebook coin can rival the popularity of Bitcoin in terms of cryptocurrency. There are many coins emerged to be rival of Bitcoin but none of them come any closer to what it has accomplished. But maybe if the technology that this fbcoin can lure people the it might give a good fight on bitcoins competition in the market.

From your topic, Globlecoin will be a centralized stable coin controlled by Facebook company for payment purpose. And this will in no way rivalry the bitcoin, bitcoin technology will be superior to that of Facebook coin and of course bitcoin is controlled by no one and this will ensure maximum trust on its network. It's good Facebook will be having a stablecoin, this will enhance their business.

I see Facebook as a big rivals of many coins and yes even bitcoin, because I believe its not just about facebook its about many companies that is under facebook and that's why its called "Globalcoin".

Remember the many acquisitions of facebook? They can use it to make their market huge and available around the world.
Here's the list of many companies under facebook.
Facebook Acquisitions (https://www.techwyse.com/blog/infographics/facebook-acquisitions-the-complete-list-infographic/) - I don't know if this thing is legit but I'm pretty sure a big company like Facebook have a lot of sister company.

I doubt it, they have a better plan and Facebook is not the only platform to use Globalcoin.

This kind of challenges is a healthy one in the market I still believe on bitcoin and I know it will remain on top maybe Facebook coin have a better chance to enter into top 5 coins, let's see this.

If this is going to be a stable coin and just for facebook purposes I'm pretty sure it won't click that hard to become a bitcoin's rival in the future in the market. This has been tackled for about a year if this coin will really hit the market and I don't really think it would but somehow many will check it and probably invest to it since it is handled by Mark's team.

if it is true that Mark Zuckerberg will plunge into the world of crypto and make the project, it will be ensured that globalcoin will become a rival to ethereum, not bitcoin, it is almost impossible for bitcoin to be defeated because all coin prices are based on bitcoin

This is true, a lot of big companies are under facebook and its possible that facebook will implement their coin on all of its company, so bitcoin have to be ready for this. I know bitcoin can handle this one but new system with bitcoin is a must so investors will still hold and support the top coin which is bitcoin.

It can't be a rival if its a stablecoin, it is however going to make bitcoin a lot valuable in the future because its going to be a vindication the blockchain is indeed being used not just to any cryptocurrency but facebook's globalcoin. why do they have to take it this long, 2020 is so far away to anticipate yet.

with the way Zuckerberg is hyping his coin and also the way the cryptocurrencies (blockchain in general) is hyped, there is a good chance that this project is going to become big in the sense that it can raise a lot of money (maybe billions even) and becomes super pumped and hyped up.
there is also the benefit of bitcoin being on the rise which will always hype everything up even more which can lead to their increased hyped up state.

but at the end of the day even if 1 FBcoin were worth 10 billion dollar, it still is going to be inferior to bitcoin because it is centralized. not to mention that Facebook is known for exploiting all your personal information so expect all your transactions to be reported to multiple government agencies right away.

This currency will become very famous and worthy as long as facebook corporation is running. Some of my friend now begin to leave facebook and prefer like to use instagram. Basicaly facebook has so many competitors which has many advantages. So I am not sure that this currency will become bitcoin rival.

Is this a joke OP?  Facebook may have their user base but I doubt that it is enough for this to rival Bitcoin.  As for me, I am not happy using facebook especially when they introduce messenger.  It is very intrusive if there is other messaging platform to use and contact my friends, but most of them are in FB so there is no other choice for me.

I think globalcoin will not be able to replace bitcoin because the parent btc is from crypto. as you know many companies are investing in bitcoin

For sure it will be hyped out as Mark's name is already at stake, but since that we all anticipating this coin will be a centralized one then the essence of crypto will no longer be anonymous, let things happened and allow the fate of this what we called Global coin revealed itself and see how things will work for the project.

Correct, whatever coojn coming after bitcoin all those consider as altcoins only. So no need to worry about any world giants. They may make the money from the newbies of this crypto currency market.

Whatever coins comes those coins may get the some place as like that FB or global coin those will be settled in top 100 coins.

enslavement coin coming right up.

https://www.youtube.com/watch?v=Eenscggz-Pk this is the future of fb coin  ::)

Most of the crypto lovers who favors the launch of GlobalCoin are very excited and I am one of them, if they will decide to launch a crowdfunding I would be love to participate also knowing that this coin will surely rock the world of crypto.

We cannot say that Mark Zuckerberg is the King of crypto currency instead we can label him as a hero in crypto world. He gives hope to all the crypto lovers.

I do not think that Facebook coins will compete with Bitcoin, and in my opinion it is not possible and previously there were many new coins that thought they could compete with Bitcoin but in reality it did not happen.
what is because Facebook is the most popular social media and very many users, it's not a guarantee because what I see is that all Facebook users only rely on all kinds of socialization that makes them feel happy to vent their boredom as their friends at any time and besides can search for news and information and much more.
so what I mean is from all Facebook users, not necessarily all their users want or are interested in having Facebook coins and maybe only most of them understand and know about digital currency or crytpocurrency.

It would not be a rival to bitcoin as it serves a completely different purpose.
The Global coin would be used as a payment system within the Facebook ecosystem. For the system to work properly, it should have lower fees and higher supply. If it's nature were to be like bitcoin, it would be of no use. So, let's not compare bitcoin and digital utility tokens.

In crypto market, nothing can be said for sure previously. Although, in reality Facebook business is famous for a technology field, we completely cant make sure whether or not it can beat bitcoin position. As we all know, bitcoin is well-known as the king of crypto market, it's the most dominant coin of the crypto market as a whole, still bitcoin keeps its position almost all people believe in it. Because bitcoin is considered a symbol of cryptocurrency, i don't think facebook's new coin can be a new bitcoin. However, it's just a prediction; thus, every can happen on contrary way.

Firstly, the OP statement have clearly proof that the facebook(Globalcoin) will nothing but a coin just like the XRP, NEO, IOST etc which have a huge support from powerful people in the world. Aside, just because alot of many big investors lining up to raise fund for the GlobalCoin does mean it will be a threat to bitcoin for the government are must powerful I know and they are unable to beat bitcoin. Why would GlobalCoin be a threat?

Why would anyone pick that particular altcoin over a thousand others that together have yet to surpass Bitcoin? We are talking about anti privacy Zuckerberg here, his mind can't possibly deviate much of that from a government: Centralization, control, and therefore, weak. He is too late to the game...

Let me tell you something: I predict this altcoin is going to be neglected hard. Almost all of them are. Facebook? pfff. Its actually a bad association, a minus rather than a plus.

The best you can do when promoting your altcoin, is projecting its technical merits, and leave the backers last. It tells me nothing Zuckerberg and Facebook are behind, but the white paper and source code does. What could they possibly add to the altcoin ecosystem to warrant any attention, beyond Facebook? If anything they are noobs, and have a bad history over the running of Facebook, hostile to Bitcoin, data mining, selling of user data, censorship, hacks, the story of Facebook is more something to be ashamed of.

I wouldn't be surprised Microsoft and Apple come with their little altcoins too.  Don't you notice there are too many altcoins? The best of them (alone) can't be considered a rival, yet.

What if he launched this 5 or 8 years ago? Then your excitement would have some merit, but now? Too late, the space is crowded. Want success? Adopt Bitcoin, or at least one of the best contenders into your platform before thinking of making "yet another one".

Mark Zuckerberg was a guy everyone like his invention in terms of social media which I believe that reputation will give him chance to get many support from varities of invest but we're talking about crypto currencies here not social media.
I once said it in some of my previous post that crypto market have changed and how a certain coin will survive in the market are not measure through thr hype, concept, TPS and previous record for it measure through the attribute I mentioned bitcoin wont have be the top coin till date.

Therefore, i dont see the coin in subject as a rival to bitcoin.

I wanted to correct some wrong presumption made by the OP about the words "Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency?" Mark will never be king of crypto currency and he's like Gary, Ver etc which are crypto enthuaist because we crypto communities are the king of crypto currencies.




The project will be big just the rest of other centralized coin which were supported by the institutions and government but it doesnt mean that it will surpass the potential of bitcoin.




I respect the fact that Mark step into crypto currency because I believe his intention was one of the reason why we have some group of banks coming together raise a fund in other to create their own crypto because they want to be left behind. But, that doesnt make Globalcoin a rival to bitcoin because it will always be on the list of altcoin.

Probably so. They do have the data of everyone on it. There will be no escape soon once you are on their radar. We've all seen the issues they were into years ago. Privacy isn't as important to some people though as long as they get money, they could input everything including thee names of their kids, photos and even bloodtype.

They may distribute the coins to facebook users and by that all users will have their own wallet on thie facebook account but before receiving they may have to enter more information and bank account probably.

Facebook is involving in the crypto, it is very big news for the crypto community and this thing will bring more people on the board and crypto may be accepted widely. But is FB coin a rival of Bitcoin? Never! The Facebook coin will be used to buy the FB ads and features, it is like the JPM coin! We can get another centralized coin called Facebook or Global coin, but that will not be the rival of Bitcoin. Actually, Bitcoin has no rival, It is the base of crypto, whatever coin or tech comes, they will not be a rival for bitcoin!

I believe that mark is not a stupid man and he will do everything at the highest level. Of course there is a chance that something may go wrong, that the project for some reason will not gain due popularity, but I think that Mark will succeed. People trust him and investors who will want to invest in this project will be really very much.

I not say is bad that new coins coming, but i don't think Facebook coin will be more used than Bitcoin and i also think Bitcoin will be for long time number 1 on capitalization and always more money will be put on bitcoin than on altcoins. But indeed we also need some new coins because maybe only on this way new people will come and after see how works a crypto coin will buy also bitcoin.

Mark Zuckerberg and facebook are not known for the best of user privacy and i am not sure what they are planning to do with the coin, until there is a working model or a prototype or a white paper regarding the details, i will not trust them in any way possible, what ever coin anyone can come up with, no one can rival bitcoin, all these coins are just replica of bitcoin and just claiming to better, time and market will dictate their fate.

I think FB coin will not be able to compete with BTC in prices like today, although we know Zuckerberg has business skills in social media but entering the crypto world is still counted as a beginner. Indeed the price of FB coin is expected to rival BTC but I think the community has a special part in increasing or decreasing prices.

Fundamentally this will create a positive trend for all cryptocurrency, especially Bitcoin. At least there are already several large companies that are starting to want to adapt the cryptocurrency.

For rivals I don't think it is very influential, because actually bitcoin has never been displaced by other altcoins as long as the first bitcoin is in the world. Even the ethereum which is being held has all the advantages of innovation cannot outperform the capital of Bitcoin.

It's too early to say whether Facebook's coin will be a bitcoin rival. We still don't know the economic model and governance model of their coin. We have to wait for a detailed information about the coin before we come to a conclusion.

We have to ask ourselves after we get detailed information and roadmap about the coin whether it is truly decentralized like bitcoin, what will be the total coin supply, what will be the initial coin allocation and how many coins will be held by Facebook team etc. in order to decide whether it can be a bitcoin rival.

Therefore, let's wait and see what will Zuckerburg bring to the table with his coin to become a bitcoin rival.

As other's have pointed out, it could be a stable coin so there's no rivalry here. But it could potentially disrupt the remittances industry and I'm sure that's what Mark is targeting with this coin. It could be altcoin, but the thing is, this might be very centralised and the ledger only privy to their company. So no correlation whatsoever to bitcoin or even considered it a rival.

Globalistcoin? It will be just more one altcoin among hundreds of them. Only bitcoin is the king of crypto currency. Zuckerberg can use all his influence, money and his gift of the gab to promote his currency, but it will still be an altcoin.
Although I don't doubt it will be a strong centralized altcoin, it's going to have potential to reach the crypto currency top 10.

(I think this thread fits altcoin discussion section).

I think if Facebook will really do that, then the Facebook coin will definitely have a lot of support and interest and even he will immediately become like some other popular crypto.

News outlets certainly like to spice up their headlines. I'm not sure what the point is of referring to this as a rival for Bitcoin when it concerns a stablecoin. It will rival Bitcoin in the way that it offers more stability?  :D

In all seriousness, if this stablecoin is free to transfer from exchange to exchange without KYC bullshit, it will prop up the price of Bitcoin instead of harming it, because that's what every single stablecoin has done so far.

Maybe that this stablecoin will be able to usurp a significant enough chunk of Tether's market share. We'll see how it goes, but it will do more good than harm for Bitcoin and the rest of the cryptos.

I think he will get a lot of support from every element.  this project will be a successful project.  maybe Facebook coin will create utility and fast and high spread.  but I doubt if fb will be a rival for BTC.  Facebook's popularity cannot defeat BTC.

But remember facebook has got two failed when he tried to make a payment system. One is facebook credit and two facebook massenger payment the both system has gone away from time to time. Now, he comes back again with a news system that called as global coin but I don't think he will be success again. Moreover, to beat out bitcoin as payment system because the system are really different. Remember with decentralized system and centralized system becuase the both things are very predispose now. We can talk to all people here who likes cryptocurrency, what will you choose between bitcoin and global coin? It seems like what will you choose between decentralized system and centralized system. It is not good to say a new rival especially you are the old user of bitcoin.

Facebook has plans to make coins with a stable coin concept and centralized.  it will be difficult to compete with BTC.  Facebook will compete with other stable coins such as USDT.  Facebook utilities cannot catch the crypto king.

An FB coin, if it becomes another stable coin, even theoretically cannot be compared not only with Bitcoin, nor with other popular types of cryptocurrencies. Especially, if this coin will be used mainly on Facebook. This will be another centralized coin and I do not think it will be in great demand. We still know little about its functionality. In general, I believe that a large amount and diversity in cryptocurrency will only benefit its development. Let the FB coin prove its usefulness, and we will see what happens.

I think it won't be easy for Facebook coins to be a rival to bitcoin, bitcoin is a true crypto coin and in any situation bitcoin remains the main one.

i don't think global coin is competing with bitcoin and will be a rival of btc. but maybe, the usage of globalcoin might be huge as facebook followers alone has huge number. it is interesting how this coin will perform in the market. i guess Zuckerberg will not let this coin be a flop in the crypto market...

A coin that is yet to get launched nor taste what it means to be in the crypto space is now Bitcoin rival? How many coins have thought of overtaking or replacing Bitcoin and how many have succeeded?.
Bitcoin will remain at the top and not even Facebook coin will dethrone it.
I can't even compare Facebook coin to ETH let alone Bitcoin,.

I think it won't be easy though but that will be great. A coin that is to be launched as bitcoins new rival? I can't wait to see it. It'll exciting.

Do you mean the facebook coin?
Well, that coin may be promising and can be rival for some certain altcoins.
However for a rival of Bitcoin?
I think it needs more times to be able to do that. A new coin will not be as easy to compete with the BTC. However, we cannot say what will happen to the future. Just follow the situation of this crypto world.

It is true that the Facebook coin that will come out will have some value and many investors will go for it, since it is already a well established company with a large number of users it won't be a surprise if it had a partial success, i mean look at binance and how its coin took off just because it is a well know exchange in the crypto market, that being said i don't think that it will come even closer to competing with bitcoin and none is or will be, because there are a really large number of people using bitcoin that the people that are interested in using the Facebook coin to buy and sell thing on the Facebook marketplaces.

I think it doesn't matter even if there is another coin will be launch because the rival is already end and bitcoin already prove that it is still a king after a decade so nothing to worry about. People always choose on the proven and trusted coin not in a new coin. Let's always face and accept the fact in this society

The plunge of Mark Zuckerberg as the richest businessman in the world will make crypto progress. But that does not mean it does not cause negative effects. Moreover, Mark Zuckerberg with all the financial resources and high internet technology capabilities can bring a big influence to GlobalCoin. What is very unfortunate is that Mark Zuckerberg does not use the existing blockchain system, so the blockchain that has a low influence on crypto will be difficult to rise. My opinion is that GlobalCoin will compete with the top 10 coins at the moment.

too fast to say globalcoin or crypto created by FB as a rival to bitcoin, that's because bitcoin cannot be replaced by anything even though with altcoins made by even large companies, bitcoin will still be the best.

They do have the money and the resources, but I still trust Bitcoin and Ethereum, if you are a developer and you have something to offer to the community or a new algo, for instance, I will not go to Mark I will just create one on my own, but see how it goes, could be another Electroneum in the making just a hype and promise.

I heard that facebook creating their own coin and some people say that this is the rival of bitcoin and that is i did not believe because bitcoin is more on popularity and high demand for many people, compared to facebook they are facing first many trials here in cryptocurrency.

Nah, I think its not the bitcoin rival, mybe facebook coin just will be another stablalize coin. For new coin to be said bitcoin rival its too much for now. Just release the first and then talk about future

That's true, they created their own blockchain system and it will be hard for a new system to attract investors but consider on the wealth of Mark Zuckerberg, I think he can encourage more investors to come and try their system. This can put a lot of pressure on the top 10 coins but not bitcoin because we still know who started this market and the price of altcoins still depend on bitcoin. Let's read more about the Globalcoin and wait for the Whitepaper from there, we can see a big potential of that coin or its just another utility token who will dump later on.

All i can say is many are trying to replace Bitcoin but none of them succeeded but if they can manage to gather lots of investors maybe they will be a rival in Bitcoin. But the way i see it, it is some kind of another shit coin that trying to create a monopoly with their devs and investors.

It doesn't matter if MZ has a lot of money the point is how he could manage to gather lots of investors to adopt into his/their new coins.

It may rival Bitcoin for first position, aside from all the hatred, FB is widely known so their coin should surely bring new users in crypto world.

Lol, Facebook coin may claim to be a rival of bitcoin but i bet anybody would invest into this useless cryptocurrency of his. I strongly doubt he can develop any strong use case for the facebook coin. This is going to be another useless coin that was ever minted into the cryptospace.

It's just an attempt by Facebook to make more money.

Besides being a digital 'currency' in a loose sense, it will be nothing like Bitcoin.

Bitcoin is decentralized, unregulated and lasting. Facebook's coin is.... what exactly? Nothing but an over inflated and pumped up sh*tcoin.

I dont think facebook coin will face to face with bitcoin because i am believe have different purpose. Facebook coin could be big in the future because facebook is biggest social media in the world and with many members and mobile application, user will more easy making transaction

There are alot bigger coin thats been launch before facebook coin or whatever zuckerberg planning to name it.Bitcoin trash them all proving that he is still the number 1.Any coin can rival but no one can surpass.Rivalry between all previous coins bitcoin always win so you know what im saying now

Why is this even a concern? There are around 4000 altcoins tokens in existence (actually I guess maybe much more but most are not listed or dead anyway). Each of them are a rival to Bitcoin if you think about it, and yet each of them will always fail to make Bitcoin come unstuck.

Check our Flippening of Ethereum on Google and see the ridiculous notions they have had about being top.

Anyway, Market Cap Number 1 or not doesn't matter to Bitcoin.

It's a great news no matter what. However, I also have doubts that some projects are missing the essential point of this market.

I don't see this as a rival to Bitcoin. One thing we should know is that, Bitcoin didn't just grow, it passed through stages, passed through badmouthing and took years to get where it is now. So there is no project which can pass through the same phases as Bitcoin as the crypto space and the world is now kinda fair unlike when Bitcoin started.
Bitcoin has no rival as it is and will remain the top cryptocurrency.

Indeed, how can you treat a coin that does not yet exist? Why can non-existent cryptocurrency FB already compete with Bitcoin? It seems to me that this is too much hype. This will be another coin, which is already very much. However, it will not compete with Bitcoin, that's for sure.

Big news sites have confirmed that Facebook is giving a coin to them, with the market expanding and being welcomed by big technology corporations. Attracting new and well-known investors of crypto will make the market explode next year. But to be a rival of Bitcoin, I think not because Bitcoin has no new technology, but why is it always leading in this market. I guess most people think Bitcoin is gold

I agree with you so well on this because I know that they are just creating this because they have made name for themselves and know that once people here that it is crypto related, they will definitely want to participate in it, though it would be of great help to the crypto world because it would help in creating more awareness to crypto market, and making more people than usual begin to trust in the market, so it's good we welcome it. 

To begin with, this is a good new quite alright, as one after the other they are changing their mindset about blockchain and the cryptocurrency, reason being that they don't want to miss out.
On the other hand, saying this coin will be Bitcoin rival is kind of an insult to Bitcoin owing to the fact it ( Bitcoin) didn't grow due to hype, but it grew due to what it offers, it underlying technologies, potentials etc which didn't happen in a day but took years. Then all of a sudden Facebook coin which is yet to start it's journey in the crypto world is now a rival.
Let's take a while and study Bitcoin then we will know who truly will remain the number 1 coin.

This will going to be one of the most awaited events on cryptocurrency space and the social media, what I can see on here is that, I can convince more people now as the power of cryptocurrency is approaching a greater market which is the social media. But I can't really think that it will be a big competitor to bitcoin.

Politics should not be distributed to cryptocurrency. This is completely stupid. Fb closes the largest global markets. Korea, China, Russia. For me, this coin has become interesting today. Develop like this GlobalCoin - the name does not justify itself. In general, the coin for the NATO countries. :'(

yes, I also heard the news that Facebook plans to make cryptoqurency itself, but it is still in the planning stage while Bitcoin has been around from the beginning until now, always growing well. I think it's still too early for globalcoin to compete with bitcoin.

Indeed, i am believe big investor wait for this because this is very promising investment. With member all around the world, facebook have a chance to dominate online transaction with their own globalcoin.

Bitcoin takes a long time to become what it is today.
in Crypto is not easy because new coins or new projects can grow quickly especially if the market conditions do not go well.
so I also agree that Bitcoin will still be the best for now and for a long time.

I guess it is far from rival of bitcoin. The globalcoin launched by facebook will only become an exclusive coin.
Facebook is already an established company. Unless they plan to divide the generated profit from facebook to the coin holders,
i doubt it will attract investors to buying the coin.

i guess so, and i heard a lot about this project even they can send this GlobalCoin through WhatsApp...im very curious everything about this project, it is good way to make people learn and analyze about cryptocurrency but on the other side i think GlobalCoin will also treat Bitcoin and other cryptocurrency. Every kind of coin has its own excellence and deficiency, it will need many years for Globalcoin to build awareness among facebook users.

We may hear too much about the existence of certain coins that will become heavy rivals and maybe even replace the position of Bitcoin. But until now has this been proven?
The answer, "absolutely not".
This is due to several factors. Aside from BTC being the first crypto coin, BTC is also crypto that is most loved and trusted by investors, token holders and traders. This coin can also be used at several merchants. Value BTC is increasing every day. So, I feel doubtful if crypto initiated by Facebook can be a substitute or a tough rival for BTC for now.

If it is going to be centralized, there is therefore no way it can be said to be able to compete with bitcoin. As far as i am concerned, no coin, not even the Facebook GlobalCoin can compete with BTC, irrespective of whoever might be behind it.
Well, i believe it will succeed, but let us wait for it to be lunched first to see how far it will go.

Yes, facebook coins will be very difficult to replace bitcoin even though in public the response is very good, but to replace bitcoin will be very difficult to do, especially they are new coins even though born from a large company.

I thought facebook progressive company. And they call the coin Global and remove key countries from the list. America and their companies have recently been digging a big hole for themselves. I am disappointed. Thanks for the news.

There's should not be an ICO for this soon to be launch coin from Facebook, it's going to be a big joke if they are going to launch one, I don't see this shooting to the top 10 as soon it's launch, not because Facebook is the biggest social networking sites, they have to offer something not just their payment processor to be able to beat the top coin in the market.

Am actually also seeing a possibility of a strict competition for bitcoin if this eventually becomes a realistic project. Yet, i know bitcoin will do all it can in full capacity to remain up there..

Yeah.. This bitcoin rival should come fast. We have waited for long and willing to wait even more.. Lol. Facebook coin will really go along way in this space cos even users who castigated cryptocurency are eager to own this coin.

The main function about cryptocurrrncy is decentralized but fb coin would be centralized I think,so how we tell it's for next Bitcoin rival.

Personally, I do not regard the new cryptocurrency from Facebook as something grandiose. I do not think that he will become a rival for Bitcoin. Most likely this coin will be used mainly within its social network and will not be in high demand outside its borders.

Nice write up but I don't agree with the topic. Facebook coin sounds great since it will pull in more crowd into the crypto ecosystem, and also drive towards adoption of crypto. But referring to it or probably asking a question if it's a bitcoin rival is far fetched. Definitely a great one but never going to be a Bitcoin rival. Moreover, rumours have it that it will be a stable coin.

Alright like it or not the new Facebook coin can never be a rival to bitcoin ,just imagine how many good coins are already on cmc that are way better than bitcoin in every way yet they fail to take the crown I believe same thing will happen to this fb coin

A very good idea or idea, and it makes it easier for crypto enthusiasts who are looking for information with Facebook media,Hopefully success for the year will begin to be released..

Honestly I just heard this news and it looks like the name is bigger because it uses the global word "world", I haven't read the concept even the system at all but in my opinion this will indeed be a strong rival for Bitcoin. People have known Bitcoin for a long time and have collaborated with many large companies even though they have not yet been approved, we are just waiting for who is better.

this good news certainly brings fresh air to crypto, the existence of fb coin shows the development of crypto which began to be looked at by many companies, but I am not sure that fb coin will be a rival of bitcoin, in my opinion fb coins will only be potential and strong coins in the market but still can't compete with bitcoin

Not only because of its name but also because of its origin which is facebook  . the coin is litterally big .

Same here , i dont also read the info about this upcoming coin from fb but i can sense that this is the next big thing and it maybe a big threat to btc  .

For those people who knew bitcoin along time ago , they are the ones that will stick to bitcoin but those who are new in the crypto scene , they are the ones that are confuse and will pick alot of coins including this fb coin  .

What do you mean? Bitcoin doesn't have any rival! That's for sure! I would bet only on btc and altcoins aren't for me. That is my approach and bitcoin for me is above all

This is totally flop as FB is not any trading platform already FB is guilty for selling the users data, and now they will l play it through blockchain.

Considering the vast coverage of facebook and its influence in the social media, most likely the coin that facebook will introduce will surely make an impact on the cryptocurrency world. But, challenging bitcoin and other top altcoins is hard to tell especially that it hasn't been launched. Let's see when that time comes.

I do not know if it would be centralized but it would be an extra addition to the crypto space and I believe it will spread the word faster than the existing process. Facebook coin would gain big value in future if it is introduced in the market because like BNB-backed by Binance, Facebook coin will be backed by Facebook and might have good demand.

all still depend on what Facebook coins will be used for. there is a possibility that there will be some additional features for people who work on Facebook like game players who broadcast live on Facebook. because they might get money from Facebook coins and advertisements.

if facebook finally create their own coins in market it will give big impact to its self and cryptocurrency market.facebook coin in my opinion will high value if it used in facebook ecosystem.maybe it could used to pay ads or others.in other side it will bring good confidence to us since large company participate developing cryptocurrency.

Yes, the Facebook stablecoin is everything the industry has worked to fight against: it is centralized, requires the loss of privacy to use, and is reportedly going to be made up of a basket of fiat currencies with the blessing of central bankers. Nonetheless, it may help to bring more interest to virtual currencies.

it has nothing to do with bitcoin it will surely be a centralized altcoin maybe I would say more similar to ripple, it will never worry bitcoin...

I doubt if this will be a rival worth the attention, this is just another altcoin joining many others in line. Think about it , we have over a thousand of altcoins that have tried and failed to kick btc off it's throne or keep bitcoin in the shadows, what makes this any different despite riding on the success of  "facebook"?

Honestly there are so many unanswered questions surrounding this,

• how many facebook members are ready to use cryptos?
• does facebook understand crypto because they are new to this ecosystem
• how is the coin going to benefit them or it's users

As a matter of fact the coming of "globalcoin" will give bitcoin a platform to be come more popular and powerful coin!

If this is going to happened it will be really hard for the FB coin to enter cryptocurrency because this is a very fast rising market and FB coin is just a centralized stable coin which we don’t know if they can handle crypto market. I think that this advertisement is just used to make money like to make their company popular. I’m sure that they will not enter cryptocurrency but right now they are earning ton of billions. But if they do they will be just like those altcoins who tried but failed miserably but I don’t know that really I guess we just have to wait and watch.

That's obviously, people are using bitcoin for one exact reason, DECENTRALIZED and the fact that no company or government owns it. there's no way coin that's created by facebook, a big company will pick bitcoin users' interest, well maybe there's some people but using coin issued by facebook is as bad as using paypal, that's only my guess though.

bitcoin will not have rivals. some altcoins may have fast growth such as BNBs and some other altcoins. but I don't think that's enough to make an alternative as a rival to bitcoin.

Rival? This will be no where near bitcoin. It is just another government controlled stable coin used to deliver utilities to WhatsApp and Facebook users who might want to share exchangeable values via the platform

Maybe having a new altcoins like facebook or the dencoin tokens will never become a new rivalry for the bitcoins. Because every altcoins have their own way of having and dealing of the bounty hunters Because if it happens so, its always the trader will basically have to deal whether what he was going to choose a good altcoins for  joining to gain profit for hes new investment in the future.

im sure with the big name of facebook, globalcoin would be serious contender besides etherium to chalenge bitcoin in the future.

you are right, it will not be a threat to the position of bitcoin. precisely with the existence of these coins I am sure I can grow investment in the crypto market. it will make bitcoin prices stronger.

There will never be any coin that will rival bitcoin ,its never going to happen ,Facebook is a very popular social media platform but that's it to it ,going for crypto is not a bad idea but that doesn't mean it will outperform bitcoin,I'm sure it will help crypto get more popular but that's all there is

I think that this news is of interest in terms of global distribution and use of cryptocurrencies, and only then in terms of the fact that its development is engaged in facebook. I think that this is a very important step for the popularization of cryptocurrencies and an example that this is a new more perfect replacement for the usual payments.

Well one thing is pretty clear that Facebook has gotten the money to make things happen and their coins will come I know. But there has been a debate about the FBCoin if it would be centralized or not. I am not really sure if it would be decentralized because we have had some great debate between the court in America and Facebook recently and due to that, Facebook might stay a bit curious but they will make big money due to highly anticipated demand.

It's not just because it was added after ETH on the site, not just because it has a good rank in coinmarketcap. The reason why people use it, especially me in yolo, is because it is cheap and with a low amount of money, you will get more coins if you turn it into a doge and you will have more chances to bet. Hello, I am new to the platform, I have many Doge, I would like to know if the chances of playing with only Doge is better or increases the chances of winning ?? Or is it better to pass it to bitcoin? And if you can go inside the direct platform from DOGE to Bitcoin.

It's hard to say because Facebook is initially a social network that is focused on communication and creating its own payment system. First of all, it’s as good as it’s but Bitcoin is still very far away as there are always many problems at the product development stage that need to be fixed. does not wait.

The current bitcoin position is very strong because being the first, investors will always make the bitcoin a measure of whether the market is red or green, and it is difficult for rivals to be able to replace bitcoin for the next 5 years.

Facebook Coin is made to be a rival to Bitcoin, assuming that many Facebook members become investors so that the price of coins is expected to be high soon. Of course the wish of a coin maker like that, and in my opinion there is nothing wrong.
But in reality it is not necessarily as expected, because the highest altcoin price is Ethereum which has not reached a quarter of the price of bitcoin. For example, Alibabacoin, which is predicted to have high prices because it is affiliated with a large company, even only costs US $ 0.2558. So dreams aren't necessarily a reality.

Bitcoin symbolizes cryptocurrency, we have so many coins around that was built with huge funding and some with a huge market cap that are over a billion, but still, Bitcoin always made the headlines, I don't think Facebook's Globalcoin is going to be a threat it can zoom to the top but never surpass Bitcoin.

No way that it can rival Bitcoin at all. It will be popular, no question. Because of the brand behind it together with Mark Zuckerberg itself, huge potential because of a big personality behind it. Same way with Ecomi that has one of the founders of Pokemon (http://ecomi.com?utm_source=ecomilx) that may possibly disrupt the collectibles space. Will Globalcoin have a potential to be a top 20 coin? No doubt, I can see a lot of investors and supporters behind this globalcoin but I think it's not gonna get nowhere near eth and btc.

I also don't see it getting near ETH, and most importantly not the King. Good initiative though as it will result to mass adoption. Imagine all these crypto ads in Facebook, that's gonna be huge!

it is welcome and may be needed to ginger bitcoin. rivals induces comparism and competitions which in the vein activate reasons to grow.
so, to me facebook coin will strive and challenge bitcoin to stretch. i believe it will give a space for enough expansion of cryptocurrency at general.

How facebook is planning to name it globalcoin? I already have seen one project here with the same name. I think the information isn't true all, at least not the name.

Facebook might have the potential to be the 10 best coins, even in the marketcap. but, I think its use will also be limited. although it can compete fiercely, I think it won't defeat bitcoin. Since long time ago, I have always seen competitors in Bitcoin, until now, no single coin has approached it.

It's not setting out as a bitcoin rival. It's a stablecoin to be used within Facebook. But I suppose given how Facebook is, we can't rule out the possibility that it will start to extend beyond that, with companies outside Facebook accepting the coin as payment. Facebook certainly have the financial muscle to make this into a huge thing.

you can see the source of the news and its truth. if you don't find all that, maybe this news is just an issue made to make the market more busy.

I don't think so because for me bitcoin is the father of cryptocurrency and i don't think any coin can be bitcoin rival, even though it's a coin from Facebook.

If facebook will going to be the one to manage their so-called coin, then there is a higher chance that it will going to be regulated. They will just going to make sure they have their own blockchain to manage their coin well. And what I can see in there, is a great market adoption that will going to happen. We just need to wait and see what it is capable of.

it is awaited, we will see extraordinary market adoption if the market response is very large towards the arrival of this Facebook coin. many people have talked about this big news, and we will be impatient waiting for his arrival in the crypto market.

Right perception about the Bitcoin is that if the Bitcoin’s demand goes down and those of any other coin outperforms the Bitcoin then consider the crypto will never exist. The crypto market is all about the Bitcoin and if it is going to die only the Bitcoin can do it because crypto appeared when Bitcoin born. Facebook will no doubt achieve high rating after they are done with coin announcement but not more than Bitcoin.

The trust of crypto users towards Bitcoin is quite large. It will be difficult to make this coin be defeated but if the market says otherwise it could be that people are more interested to Facebook coin.

it won't be possible I guess. even though facebook has a large market and community support but bitcoin is very strong and has a large crypto community that supports and believes in bitcoin.

Even if there is a so called FB coin, it is not to be compete to bitcoin because bitcoin is already successful in its figure. I tjink there are many struggles to face by the new FB coin before it can compare to bitcoin. Bitcoin is already something that is precious and valuable and no coin can compete with as of now.

Yes, that will be too hard to compete with bitcoin, which already lead the cryptocurrency unless Facebook has something different than bitcoin, and they can offer better technology.
But if they don't have one, then I don't think they will be able to compete with the other coins because Facebook still needs to see their chances to survive in the market.
That will be a difficult job for Facebook to survive in the market especially we know that in the crypto market, there will be a bear trend and bull trend which we don't know when it's arrived.

although Facebook coins can be released but I see if Facebook coins must have innovation that is greater than bitcoin in any case. this is one of the things that might be used as learning to facebook coins if you want to compete with bitcoin.

Yes, this is a great news for everyone. Facebook  has been connected with this technology long before. They will welcome everyone in the Cryptocurrency world. But then I think they will not be able to occupy the market after entering the market. Although they have a lot of popularity. To be able to print a lot of study.

I don't think there will be competition between them. Bitcoin and Facebook coins might be cryptocurrency that has their own function. different technologies by adopting blockchain for social media I think there are already a number of ICO projects that we can make reference to. but maybe the consideration is that Facebook already has a community and maybe their own market. it will be very strong support for facebook coins on the market.

Yes, people acceptance will be the key if ever this GlobalCoin from Facebook will really compete or overpower bitcoin, there's no limitations around'this industry, if this new coin arise that strong there's no chance for bitcoin to stop it but accept that the new system are much appreciated.

From the moment of its appearance, Bitcoin remains the leader of all cryptocurrencies for many years. There are already a lot of projects launched, but they all cannot compete with Bitcoin in price. Facebook is the world's leading social network. The digital currency from Mark Zuckerberg will surely achieve some kind of success. But it’s too early to talk about competition with Bitcoin, while the expected project has not yet been implemented.

every coin has its own advantages and disadvantages, but here I still haven't fully learned about Facebook coins, but if you say if the Facebook coin is a competitor of bitcoin then it is very unlikely because Facebook can compete with bitcoin or maybe never will can compete

I see no reason where this will beat btc in crypto market as it will definitely be paired with btc and the btc rules the crypto community.

It might have a very fast growing and gain much investors but definitely will start from somewhere like other great coin in market today , even if that makes it surge with sharp move doesn't mean it will beat btc and if goes up , it will surely come down too. But I think it will be a very good project and fast growing one.

No one can beat bitcoin even from big company or someone already have big name. If we talking about cryptocurrency especialy bitcoin its like we talking about KING of cryptocurrency and Mother of crypto,whitout bitcoin we will never know about altcoin or anything what we know now. Globalcoin just stablecoin backup and monitoring by company. Still earlier talking about competition with bitcoin even facebook leading social media platform.

How would they compare an established project to that which is yet to be established? And moreover, if Facebook does that, it will confirm that he has nothing but to be stealing people’s ideas. For the fact he was able to buy whatsapp, instagram and some social media over to stay on top of the social media, doesn’t mean he will succeed in doing such in cryptocurrency industry.

Facebook will even not do that because it will make government clamp down on him, except he is creating a centralized coin that will enable government to still be able to monitor its revenue activities.

It’s amazing how people carry rumors without official link to it, what guarantee do we have that all these things we are hearing about fbcoin is not just coined by one drunkard because all these while we have been speaking of fbcoin, I have never seen mark Zuckerberg come out openly to confirm the news of the coin.

I am sure there will be a project called global coins, but I doubt if it will associated to Facebook, someone might just be using it as strategy to get people’s attention either to dupe them or creating hype for the coin using Facebook name as marketing strategy because I remember we once said the Facebook coin will, be called fbcoin, now its global coin again.

even this globalcoin created by a big company called facebook
but, for sure this coin will never beat bitcoin,
bitcoin is bitcoin and i believe bitcoin will always be the king in this industry mate

Who else do you think will be managing the coin other than Facebook, you can see that bitcoin has tried everything possible to enjoy the monopoly they have for social media platforms which they already succeed in achieving, because as of now, they have most social media users and most of the social media platforms.

This blockchain industry they have entered, I am sure they will also try to use their influence to monopolies it by creating a regulated coin and then presenting the solution to the government which government will really support because this has been what government wanted all along.

To me, once the decentralized nature is taking out, that particular coin ceases to be a cryptocurrency. Mark's Facebook platform might have numerous users but his coin might be useless if its users are not crypto oriented. All the same, we can't just  condemn him. For now, let's give him the benefit of the doubt.

Any coin hitting the market maybe a rival to other established coins. And we all know that Facebook is most popular and is being used by majority of the populations. And there is high chance for the coin issued by Facebook to get widespread attention. But I cannot say that the facebook issued coin will replace bitcoin, a legacy coin in the future. 

But I am sure if GlobalCoin is present, they will be able to boost higher prices. They will impose rules to pay for Facebook ads with GlobalCoin. We can see today how many companies use Facebook services to promote their companies. I think GlobalCoin is not in vain. Not to mention the many investors who will join GlobalCoin.

Before the arrival of global coin by Facebook, it's got a lot of hype, but saying that it is bitcoin rival, is too much of a hype for it.
Imagine a coin that is yet to lunch, yet you are saying it can favourably compete with bitcoin.
Well, i think I am one of those waiting for this coin to much and I think I will take part in it.

The realization that this kind of project is centralized will get different approaches from  different types of investors, those who did not value the essence of decentralization will favor this project but those who still loves it will not favor dealing with this.

We make this moment as a medium to compete positively, whatever will happen and if indeed the tokens are good and defeat the existing tokens. This depends on how much they struggle to realize this.

Did you say Bitcoin Rival? well in this space everything is so possible,i say possible because things you have never imagined would surprisingly come up,  but in my thoughts, I don't think the facebook coin will match bitcoin. Bitcoin is about decentralisation.

I don't know but I consider this an insult if they claim that they are going to beat or even rival Bitcoin, based on other reactions it could be another stable coin in the market, they haven't released or announced an update, everything is still hanging until we see their algo, supply and the composition of the team and their roadmap, people will speculating.

How can this be a rival to Bitcoin when it's yet to be launched?
Another question, can it survive what Bitcoin passed through over the years? The badmouthing etc.
We should learn that Bitcoin grew against all odds and thus where it is today, so valuable and respected. Till the end of time, I don't think Bitcoin will have a rival.

I don't like this at all. Specially with a company that has so many billions as Facebook, I see a lot of manipulation and a lot of regular people getting screwed.

I don't think coin from Facebook  is intended to rival Bitcoin. Facebook coin would be a totally utlity coin probably restricted within the Facebook platform of Facebook, Messenger, Whatsapp, Instragram and other services provided by Facebook. It could be used as a payment gateway and even if it had speculative value, it would not be in low supply.

I am agree with you. Facebook coin or global coin is not a rival for bitcoin because bitcoin use my most crypto community and its decentralized. I think global coin will be centralized coin and it must be different. Perhaps global coin could be good investment but used in facebook platform

Facebook have a lot platform and most people in the world use that platform. If global coin used in their platform like whatsapp or messenger, i think this could be a good and its good start for mass adoption

This is only a discourse that does not necessarily happen and in my opinion it will not be possible and no one can compete with Bitcoin, and bitcoin to achieve the highest price requires a long process and a very long time.
Facebook coins have not yet been launched but guessing will rival Bitcoin without going through a long process, I think that is not possible.

I don't think it is a bitcoin rival. Facebook coin will be more like a USDT rival as it should be a stable coin and if people can trade it. But this coin can help for the growth of the cryptos market.

Facebook's new cryptocurrency is reported to be a stablecoin for members to use for payments and its full specifications haven't been released yet, however, it is not likely to be a direct rival to Bitcoin which is decentralized, is widely considered to be a digital version of gold and a future store of value and it should only benefit from the increased exposure this venture can provide for the cryptocurrency industry

If this is a stablecoin, i think there is no different with paypal or others digital currency and its centralized coin. But if this globalcoin have limited supply, perhaps the price could rising like others cryptocurrency

I think you mentioned bitcoin rival to get a lot of attention to your write up, everyone knows that it will be difficult to rival bitcoin in the scheme of things, Bitcoin has already taken the center stage in the scheme of things and every other one will be coming behind. Coming from Facebook, I wouldn't be expecting much as this is not the niche, crypto is entirely a discrete and decentralized payment system, I doubt if Facebook would be able to provide that without option of reveal the user's data or personal details.

Well, I agree with this statement. Bitcoin is a pioneer cryptocurrency.
So, I think it's very difficult for ALTCOIN newcomers to compete with the popularity of Bitcoin.

It's because it is created by the most powerful social media it will land as Bitcoin's rival, we must stop assuming that it will because there are still no information about the coin and what would be its role in the cryptocommunity and will attract investors from cryptocurrency, everything are all still hanging.

well that's what we need to ask, that they have a large community and are not surprised by social media like Facebook. but if it's only rumors or haven't proven a plan they will manage in this field, we cannot assume that they are new rivals of bitcoin.

The hype behind this coin is getting too much day by day,  I'm not surprised though,  I just wish the project can maintain and achieve it's goals,  but to be honest it's not a rival and can never be a threat to bitcoin,  Bitcoin is the king of cryptocurrency

The guy seems to be very confident about what he says. However, the new cryptocurrency, when (and if) it appears will be used as a stable coin (as I guess). It cannot become a Bitcoin serious rival or its killer.

It seems to me that Bitcoin does not and will not be a rival because it is the best coin because it is the first and no one can compete.  It will be very difficult to throw him off the throne.

Every time i see this guy i have a bad feeling. Since everything comes out with the cambridge analytica i do not believe he is able to create something so powerful and creative, so clean like BTC. FB coin is no math for BTC!!!

On what criteria will this be a rival to almighty Bitcoin? What's it out to achieve that will make it a rival to Bitcoin?
Bitcoin is a coin that set the path to greater things and I don't think there is any coin out there that will replace it in time to come.
Bitcoin is the perfect example of decentralization.

A rival? Facebook coin is a proposed coin which can only be speculated on for now bitcoin has been in existence for a decade now, there are better coin already in coinmarket that can't come close to bitcoin adoption not to talk of rivalry.

Recently I saw a post on twitter about facebook's globalcoin will be made known next month (launching next year),  and workers will be allowed to accept pay in the coin (optional). If this happens, it's a boost to crypto adoption mainstream.

Use centrally controlled cryptocurrency? This is a common payment system. A common substitute that has nothing to do with the idea of cryptocurrency. Globalcoin should not even be compared with Bitcoins, and even less perceive him as a new rival Bitcoin.

A centralized currency can not mean real competition for bitcoin, since taking into account that it will be available to Facebook users, it is a fact that privacy will never be a factor in our favor. In addition, Facebook is facing many challenges in terms of its decline in popularity and its tendency to technological monopoly.

Maybe some speculators will be able to invest in that coin looking for some economic benefit, but those same investors will always have bitcoin as a safe haven and as a preferred cryptocurrency.

As the Facebook announced its own coin but Bitcoin is always prime and never can be defeated by any other altcoin so this can be grow in cypto market .

It is just common to have a rivalry in the market as the competition rises. We know bitcoin already as a potential investment but we can't disclose any instances that there is another coin that could break it. We can just take a look at how this new coin would sustain the market especially when a crisis arises. Just like it happens to BCH, it has a good start but in the later part, it gives up. It could possibly to happen also in the next coin. 

I am agree. Like in any market, there is always new competitors and the powerfull one will survive. New coin like global coin could be good competitors for bitcoin if launched because facebook is big plaform in the world with millions members

Global coin could be centralized coin but in investment market, investor must be not too care about centralized or decentralized coin because the matter thing is the potential in the future. If facebook launch their own cryptocurrency and used in all facebook platform, it could be a big deal for investor because facebook platform used by most people in the world.

in broad outline there will be no altcoins that can compete with bitcoin, whether globalcoin will be launched by face book, every altcoin user only wants big profits, but for globalcoin to compete with bitcoin is an impossibility because every altcoin won't be able to compete the price of bitcoin.

 There is not such coin or currency which has the potential to beat the Bitcoin or even any of the popular Altcoins. It is a very long journey to prove itself and even in the presence of all the hurdles the crypto coin that is the Bitcoin which maintained its position and didn’t crash. The crypto industry is due to the Bitcoin and it is growing expectedly with the passage of time as we have heard technology keeps on improving.

I can't see a y justifiable reason why facebook coin will rival bitcoin the grandfather of all cryptocurrency, i think people are over thinking it because facebook is a popular social media platform, it doesn't mean it will rival bitcoin

Mark really has a great will and he is very ambitious. It will certainly be the next great altcoin in the crypto market and we will see a Globalcoin gathering a lot of whales in the future.
But I heard that this is a stablecoin and it doesn't affect Bitcoin or ETH much.
it is created only for payment services that are more convenient and have more partners for Globalcoin and facebook.

This is a joke, are you already hyping the Facebook coin that is yet to be in existence? And the worst part of it all you called it bitcoin rival? What the in God's name are you thinking? It can't compete with bitcoin in any way so you should cut the joke

their community may be already big and their platform is popular, but that is no reason to rival bitcoin. whether Facebook will work like what with their crypto. because social media platforms like steemit and medium already exist. but Facebook is more on the conversation platform, it might move a little differently than other social media platforms.

It will surely go toe to toe with bitcoin in terms of marketcap when it gets listed. I also hope they will launch and IEO before that because I am going to invest all of my savings on the Globalcoin.  Facebook still has a huge influence in the world despite the controversy it faced because they  are good people and they donate to charities and other stuff.

I think price would tell if the facebook coin would be as great as bitcoin. If its productivity is going to be good as bitcoin, then it may compete to the greatness of bitcoin. But if not, its just an ordinary altcoin that has a value in the market. Bitcoin can never be having a revival unless the price and volume of that coin gets close to it.

yes it might be true that the Facebook project that will soon be rislis is a big rival in the crypto market, but it still needs a process even though the facebook has many users. but I think if that really happens it still takes a long time to compete with bitcoin.

Facebook is issuing its own digital currency and it is definitely a good news for the entire crypto market. While some countries like India are considering to come much harder on cryptocurrency, this news will give a relief. But it is quick  to react as Facebook is yet to officially announce its plan in this regard.

I disagree with u seeing it superior, this is not about a rivalry,  it's about the popurlar phrase "If u can't beat them join them" that's exactly what facebook wants to do,  remember they intend to take up the world but they must know that Most 95% of facebook users understand Crypto
Facebook is just playing smart and it's a + for them but they can't overtake bitcoin 

Lol how come you consider it as a good news ?  While everyone is scared with it because facebook is a big platform and their coin can easily gain investors compare to other existing coins out there  . do you think you can get alot of benefit if facebook coins are all getting the demand instead of other existing cryptos ?  I believe no but facebook is  .    other coins will drop while fb coins is growing   . but if btc and other good coins will increase  , other coins will benefit from it  .

how many altcoins or projects have already tried their very best to beat bitcoin? how many of them claimed to be more powerful than btc. where are they now? how many of them sustained to be alive and struggling?
fb coin might be different because of the known founders and their name is already established in social media but how it would affect its users is another thing? would the adoption be as easy as 1 2 3? would they gladly use it for whatever tx it is aimed for?
many things to be uncovered. Too early to deduce anything

For the fact that it is Facebook, and giant of all social media doesn’t mean it can stand some giants of cryptocurrency, it will be impossible for Facebook to be in the struggle with Bitcoin, because there usefulness will not even be the same and even if they have something similar, the community will not accept a coin that is going to be more like a centralized coin.

We all know how Facebook has done all its best to dominate anything he feels he can dominate and also making money of selling people’s data, so I think this time around, he can only create a coin that will be useful within its system and not a global coin.

for me there is nothing to be able to compete with bitcoin, because no coin is able to equal the bitcoin price and the bitcoin is still the king in crptocurrecny so no coins can match it.

Facebook coin is only a new here in cryptocurrency many problem would be facing the facebook coin on crypto industry before they can be more popular just like bitcoin, bitcoin is more trusted coin ever since and nobody beat the bitcoin.

Will need to see how much effective and useful FB coin would be because with the last data leak of the customers data people refrain using the FB and if it gets more intense than people would be least interested din their coin as well. BTC should be the king for next few years in coming time .

no matter what coin did get the bitcoin price and even bring new coins the more people choose to invest in bitcoin because they have tested it and they know that the bigger the bitcoin they invested.

For me there will be no rivalry between facebooks Global coin and Bitcoin, Facebook is aiming for a stable coin which is far from the characteristics of Bitcoins being volatile actually this will help spread awareness about cryptocurrencies and thats an advantage for the crypto industry.

it all took a long time to be able to convince many people to get involved in investing in it, even though Facebook we know so far as the biggest social media giant but its users are not all aware of digital currencies so it is impossible to switch to investing in coins that will launched (GlobalCoin).

Like the name Globalcoin, maybe this token developer is intended to have a digital currency that can enter all corners of the world so that everyone can enjoy the token feature in it, but remember this token is central and still different from Bitcoin, so I think it's the same Other and different projects are the owners of these very famous tokens.

not easy to be a rival to Bitcoin, he is the king of coins so far no one can match it.

maybe, because the future nobody knows, but to be true is very difficult and not easy for other coins to match Bitcoin. Bitcoin will also not be silent if he competes and he will definitely move better and prove it if he is stronger and stronger.

I don't think the Facebook coin will be the rival for the Bitcoin! It will be like the upcoming JPM coin! I mean Facebook's global coin can be used for Facebook's native services! People will buy Facebook ad through this coin! Actually, We should wait for the whitepaper first, we will see then what plan Facebook has! But I am sure, it is not a rival for the Bitcoin!

in the era of development and technology and the economy and in my opinion in the development of investment with crypto currencies and investors must be able to take advantage of every opportunity that we will get in investing in crypto currencies and of course getting profits in their investments

I don't see rivalitas here, Facebook are different coin can launch and can't same with Bitcoin.
Facebook are stable coin like USDT and 1=1 and isn't like Bitcoin. No, They can't be affected to Bitcoin, Facebook only FOMO blockchain technology and they only want famous and to be glamour have own blockchain technology to compare same bitcoin.

It is always a welcome move by Facebook, the social  media giant, to involve in cryptocurrency. This move will encourage the market to grow and become stable over time. The good news comes at a time when cryptocurrency is still struggling to come to mainstream. The market is waiting for official announcement of Facebook in this regard.

If this global coin or facebook coin to be like USDT, i dont think we should worry because its still called centralized cryptocurrency and people prefer choosing decentralized cryptocurrency. But its good idea for facebook to launch their own cryptocurrency, they already have big members all around the world and this potential for facebook to monetize their members

Not for me ,no other coin can ever surpass bitcoin and I believe we all know that bitcoin is the major one that opens the door for other coins that's why its community is the strongest ,I'm not saying its impossible but Facebook coin won't be a rival ,people are expecting too much from the upcoming Facebook coin ,we will see how it goes

you seems to forget that many projects and innovations have ben humble by bitcoin. No matter how diverse and global it might go, i doubt if can oust bitcoin as the world recognized cryptocurrency. crities are right about facebook a centralized body to move into the crypto decentralized system but we awaits to see the outcome come 2020.

Many coins already stated that they will be the new rival of BTC, but all of them failed. We can say the same too for the token that Facebook will be releasing in 2020, specially that their token will cater at a certain market as opposed on what BTC is catering right now. As we see it BTC is catering to the whole cryptocurrency market as a whole, because it is the main trading pair for many altcoins and it consists of more than 50% of the market.

I agree, but as far as i know, Globalcoin is a stable asset just like the others, which has no possibility of price movements, and still i bet bitcoin would still be the best without any rivals.

You are totally wrong and I don't know what you were thinking when you made this post. Facebook cryptocurrency can never and will not be a rival to bitcoin and you need wakeup from your dreams

That's ridiculous. This coin will never be able to compete with bitcoin. This is just an attempt to keep up with the Telegram.

There is no coin to be created that will a threaten to Bitcoin's existence, Facebook is popular just as a social media it does not mean its speculated Libra's a coin it will be a rival to Bitcoin, It will never even come close to what Bitcoin offers.

So be it, rival coins could possible create chaotic speculations and I think the world of cryto adoptions was getting too attached to it. Many people based a current events to a trending discussions but not knowing they're fallen to the trap of advertisement poison. As bitcoin hodler I wouldn't be bothered on this new, because new coins cannot stand against what milestones we've been through with btc as strong and sustainable crypto asset.

Libra is one of the stable coins, and none of the stable coins can compete not only with Bitcoin, but generally with any decentralized cryptocurrency. It is vseravno what to compare decentralized cryptocurrency with non-cash forms of payments of conventional currencies. Yes, they have a large volume of transactions, but this is a completely different form of payment.
Coin Libra is not a full-fledged cryptocurrency, because it can not be profitable. Therefore, do not worry about Bitcoin, it will be all right.

Yeah maybe global coin will be a rival to bitcoin. No one knows. But bitcoin always have a space in my heart and it won’t change so easily. I think a lot of people will have the same thoughts like me.

I think it's difficult to beat bitcoin in terms of price and market cap value. Moreover, Libra coin is a stable coin that is pegged with dollars. I think bitcoin will always be the main investment choice for investors because in terms of liquidity and price, bitcoin is still the most attractive

I agree, with many good coins in the market, it will create healthy competition. Developers will definitely compete to provide a good platform and products that many people need. And indeed I think Libra Coin is not a competitor for Bitcoin because there are many differences

Bitcoin as mother aren't rival by new comer like libra, those are different both technology, system and financial thing. Libra are good enough space to getting new user to inside on crypto world, then will remove into bitcoin when know what this point suppose.

Which is mean are you think that libra coin will be a very good rival for bitcoin? You make a same point between ETH and Tron and also you will feel it with bitcoin and libra. I don't think like that, Libra has a different function with bitcoin, has different system with bitcoin and its stable coin. You have to same libra coin with Tether or USDT not to bitcoin moreover you say the good rival for bitcoin, it's never happen for sure.

It is not a rival to be honest. I guess the most challenging rival of Libracoin is the people themselves, or perhaps the governments that have long been holding trust issues with Facebook. It does not really hurt Bitcoin. It will, on the contrary, boost the reputation of Bitcoin. Facebook's step is simply a huge, loud and clear, affirmation that Bitcoin indeed is the future, that crypto is the way we have in the years to come.

It's a stable coin, of course, many will buy for Facebook's products and services, but it's nothing compared to Bitcoin as a store value since I'm not using any of their products or services I will not buy it and will continue to support Bitcoin and other altcoins.

if its really a stable coin i dont think many people will buy it because stable coins cant be profitable since their value is stable at 1usd .

alot of investors will go for more volatile type coins like bitcoin because this is the only way that they can profit  . while some will still buy a stable coin for security purpose ( e.g securing the value of thier cryptos when they are about to cash out )  .

 its not about being stable or not but its about facebook  . many users dont trust facebok because they are exploiting our data's  therfor not all are going to support the coin that facebook develops  .

With the presence of LibraCoin owned by Facebook, it does have the potential to become a competitor of bitcoin, considering that Facebook is the most social media member in the world.
But to prove the truth of the analysis takes time, because bitcoin already exists very long and already has millions of users.

We have been hearing about these rivals for almost 10 years. Back in 2011-12, it was Litecoin and Namecoin. Then in 2015, it was Ethereum. Two years later, it was the turn of third generation cryptocurrencies such as Cardano and NEO. But one thing is clear. Irrespective of the technology, none of these coins will ever be able to overtake BTC. I don't even want to mention Libra. It is a centralized shitcoin.

Libra won't be competing with Bitcoin. Just as the US dollar or the Euro is not competing with gold.
Yes, there is allocations from the first to the latter and vice versa, but they have totally different applications and use cases in the world.

In my opinion, if the Facebook party has planned to make crypto currency itself, this indicates a great competition in the crypto world. but in the near future they cannot get rid of bitcoin from the top of the crypto currency. because bitcoin is already so popular.

It's not easy to be able to compete with Bitcoin, let alone replace the position of Bitcoin as the king of cryptocurrency, Libra coins have not been launched and will be released in 2020 and in my opinion is too excessive if it is said to compete with bitcoin because libra coins have not been launched.
Bitcoin is the most popular coin among other coins, and even though Libra coins will be launched later it seems too early to compete with bitcoin and must go through a long process.

What a pitty that Facebook Coin will not be launched. It could really help Bitcoin with a massive adoption.
Butwe learned that centralized cryptocurrencies do not have long future thanks to regulators.  :'(

Agree! It's too early to say that libra will be the king of cryptos. It's indeed early to compete with bitcoin. It has not proven its capabilities yet. We only hear positive things about libra but we actually don't have idea how is it going to be once it will be in the market.

The rate at which bitcoin controls the prices of altcoins, has indicated that bitcoin does not have rival.
I feel like imagining what new thing Facebook CEO is planning to release, that will make it to have preference over bitcoin.
The acceptability of the coin by crypto enthusiasts is very important.

No doubt Facebook coin will be a great one in the crypto space and it will also bring about more adoption of cryptocurrency in the world. Having said that, Facebook coin will be a centralized coin because of its economic model and with its centralization features, I don't see it as a rival to bitcoin. Facebook coin will be great but I don't think it can come close to be a bitcoin rival.

us dollar and euro are both fiats/money or regular currencies but gold is an asset and its totally different  .

on the other hand , libra coins and bitcoin are both digital currencies which means they can also compete with each other just like bitcoin competing with paypal and other payment methods online  .

its a good news if there is another bitcoin rival that is coming because we can again witness a good fight  . lets see how this goes

Bitcoin does not control the price of altcoins. prices are controlled by investors who decide in which assets they will invest their money.

There is no BITCOIN rival to come but a big hand of help is coming.
YES< LIBRA is a big help for the bitcoin and all cryptocurrency in the world to get more acceptance and teach many people who are not yet aware.
This is a good addition for the global acceptance.

I've been seeing several threads whereby people think Libra will be the new BTC rival, but that's a far fetched illusion.  There is no way any altcoin will rival the king, BTC.  I understand there might be improvement in architecture and new features, but it doesn't mean Facebook coin will be a rival.  Yes it will enhance mainstream adoption but it's a stable coin and also centralized, so it's no match for BITCOIN. 

No way that Libra is going to create some changes in our industry. Moreover, they already said that there will be no privacy in this coin and it is going to be centralised without any limited supply. What we are talking about?

I is now clear that no coin or token will ever compete with bitcoin much more being its rival, so far bitcoin is taking up over 50% of the entire crypto market share and thereby dominating by a huge marketetcap, it took a whole lot of years with so much tribulations to get here, absolutely no coin will ever beat this, at least not anytime soon

Do not think that Facebook will be able to turn the crypto industry. Most likely it will be a parasite and will not be able or will not want to convey to people all the charm of the blockchain. Now such huge projects can not exist without the introduction of new tools. Therefore, popular projects will soon get more successful products.have good control over their cryptocurrency portfolio.

I agree with you that Libra coin does not compete with Bitcoin, because in my opinion it will maximize Facebook as a social media that has very many members, for payment or trade transactions using crypto coins of its own.
In addition, the Facebook platform will be augmented with financial business features that reach the entire world, where transactions can take place in minutes. Very prospective in my opinion, so there is no need to compare or align with bitcoin, because the segments are different.

Libracoin is another shitcoin IMO, another centralised coin, there is no way it is going to compete with bitcoin. The only good thing about it, is that it will give noobs a glimpse of what cryptocurrencies are, and they may eventually get to know bitcoin better. Bitcoin will remain the optimus primus.

Fu*****k the libra coin because it is nothing going to be useful for us,we have fiat which is lot better than trusting someone's centralized coin.

I think that this cryptocurrency will be successful only in the first time of its existence. Since it will not be anonymous and decentralized. For many people, this crypto currency will be a step through which they will step into the crypto-currency industry and get acquainted with much promising projects.

This cryptocurrency can certainly be a success but true fans of the crypto world should be wary of it. I would not compare it and put it on a par with bitcoin.

yes, this libra is not a rival for bitcoin
because, as i knew libra is stable coin,
so, we can't comparing a stable coins with bitcoin my friend
always remember the stable coins value will always same in usd terms right ?

Everything we have heard about this facebook LIBRA coin and Mark zuckerberg is just to gain popularity. LIBRA bring a centralize stable cannot compete with Bitcoin in any way. So I don't LIBRA coin will be a rival to Bitcoin.

I just like that Libra is a crypto coin, so make sure it makes a lot of people know about this market. And that's what needs to make this market grow to a new level, much more than in 2017

Well in this space everything is so possible,i say possible because things you have never imagined would surprisingly come up,  but in my thoughts, I don't think the facebook altcoin will be the rival to bitcoin. Bitcoin is about decentralization. And also the bitcoin has already proven its identity and importance to the crypto world.

No, this coin is centralized and it has 0 chances to compete with bitcoin.
Don't even try to suggest something as a competitor for bitcoin, it is impossible

I dont think that libra will ever be a rival to bitcoin. Bitcoin’s main advantage is that its decentralized and anonimity. Libra won’t provide this and they are not on the same league.

Indeed the crypto currency world is a world full of challenges and competition. Many coins that appear every day intend to become a competitor of bitcoin. Global Coin is only one of the new competitors of Bitcoin. Many bitcoin competitor coins are still competing to gain public trust. Indeed we must be open with the presence of new and more sophisticated technologies. The many competitors of bitcoin actually make us even more proud because the presence of this new technology is certainly an improvement from the previous technology. We will become easier in financial transactions if new technologies emerge. I think that we must always think positively.

Definitely there will be a huge interest to the coin that Mark is going to release. For investors it will be a great chance to earn. But personally, I very much doubt Mark himself.  I think that this is the person who will easily carry out the installations of the American government, and this makes me tense up. I think that this project will give us many surprises, so always remain attentive.

Facebook is here more than 10 years and in this long time period nothing replaced Bitcoin. And Libra coin haven´t any chance to beat Bitcoin. Bitcoin is a cryptocurrency with the most safest decentralized network. What can Libra offer?  :D

I am even thinking of those who will invest in thus so called Libra coin, that is called a stable coin. The question I keep asking myself is, do we even need it? What is the essence of it, if jot to enrich themselves.
Comparing it with bitcoin, sometimes make me doubt the potency and proposed use of it.

Facebook has an owner, BTC doesn`t, it speaks a lot for people who understand crypto revolution and what is decentralization. Stable libra coin to compete with bitcoin? Not a chance, the only advantage Facebook has is in the user base, it`s big, but that advantage will melt down in a couple of years, many people who introduce crypto trough libra coin will transfer their assets to bitcoin and other good coins. It will be a massive boost for crypto community.

This is very well explained. Even though Libra has a diverse set of owners, it still has owners and can be subject to attacks as the hearing on 17th July shows.

I don’t think it will get to that point. Even though Facebook has a very big influence on almost every person in this world, getting such a big company to join the crypto world is going to be a game changer. But it is a stable coin first of all so comparing it with Bitcoin is not correct. But Mark joining the crypto is going to pull a lot of funds; many investors are already very keen on investing in it and have plans to do so. It is a stable coin and meant to be one.
Let’s see in which direction this coin takes the crypto world to, and hopes it is beneficial for the crypto world.

I do not think bitcoin can be replaced by the facebook coin. Bitcoin already has ten years head start and many developers all over the world, whereas facebook only has its own teams of developers without the experience of bitcoin.

I think Zuckerberg will not be able to conquer Satoshi. Since Facebook will release an imaginary cryptocurrency that will have the main functions but not be individual. Most likely it is necessary to simplify the tax policy in the country.

Facebook's GlobalCoin is not a direct rival to Bitcoin which is considered to be "digital gold" and can be used as a store of value with long term investment potential, whereas the former is a stablecoin specifically designed for payment purposes for users of the social media platform

bitcoin yes bitcoin and facebok coins also remained facebook coins. they are clearly different so I don't think that it is a rival to bitcoin. While Bitcoin is the king of cryptoqurrency from the past until now, while Facebook coins are still new, they haven't even appeared in the public.

We all know that this is not going to be rival any time soon and how much will it last to the top value is also a questionable. As it could be just a short time phenomenon and after that people will sell it and many might not even take this coin considering it is coming from the FB who has sold the data.

A stable Libra coin cannot compete with Bitcoin. Stable coins and decentralized cryptocurrency have completely different functions and tasks. This coin, of course, will have a significant impact on the cryptocurrency and, possibly, will divert some funds to itself. However, at the same time, given that Libra will have a digital shell, its use will necessarily draw attention to the decentralized cryptocurrency and contribute to its implementation in our life.

I don't think Facebook Coin (LIBRA) is "the New Bitcoin Rival".

Yes, they've become "the king of Social Media" but not for cryptocurrencies, I don't even think they can "defeat" Ripple on crypto world.
Learn how LIBRA will become and developed makes me think "Isn't this a setback in the crypto world?"
In the name of Cryptocurrencies they launched LIBRA, but in reality they just broke "Decentralize" vision

all possibilities are now possible, many assumptions come because Facebook is surprisingly announcing their crypto. I hope we can wait patiently for the certainty that will occur in the market. now don't speculate too much, just follow how the process will show the best.

I don't think Libra would be the rival of bitcoin at all because there are so many people out there including experts and also including me saying and believing that Libra will take a positive effect on bitcoin and into cryptocurrency because of the recognition of it in cryptocurrency to public and social media.
Libra can be also the way for many people to know not just bitcoin but also the whole system of cryptocurrency so we don't need to worry about it at all.

There is still chance t have another coin compete directly with Bitcoin, but not Libra coin. The reason Bitcoin succeed is as a result of many factors, Satoshi deciding to leave the project for others to develop to me create the path for the success of the Network, No one will tell you your fund has been flagged because this will happen remember EOS. People just need to wait and see how this project will fail big time

If Facebook coin doesn´t have a creator and become decentralized, then yes. But this can´t happen, right?
Libra will have power only because many people are using Facebook everyday.

With Facebook, he want to enliven the crypto market, the only positive thing can be taken, that the crypto market will be more advanced and well developed. but to be able to compete with bitcoin, there is no thought that it can happen easily. because the crypto market is the connotation with bitcoin. it takes time to introduce yourself first compared to want to shift the existence of bitcoin.

You're right and I don't see any reason why the coin will Bitcoin rival cause it concept is just like JPMcoin. However, we still don't know yet if the coin will be implemented cause I learned from a member of this forum that the Congressional House Committee of Financial Services have told Mark Zuckerberg and team to desist. Link (https://bitcointalk.org/index.php?topic=5153561.msg51687622#msg51687622)

There is nothing to fear with the presence of Libra. This is not a threat and not competition, Bitcoin will still be the main one in crypto currencies. But the entry of libra is certainly beneficial in crypto, because more people will enter crypto. That means that Crypto will be seen by many people with the presence of Libra.

For me Personally no other coin can ever outperform bitcoin and I accept we as a whole realize that bitcoin is the real one that opens the entryway for different coins that is the reason its locale is the most grounded ,I'm not saying its inconceivable but rather Facebook coin won't be an opponent ,individuals are expecting a lot from the forthcoming Facebook coin ,we will perceive how it goes

we still cannot predict what will happen with bitcoin if Libra is indeed going to be launched, because there are still many obstacles experienced by Libra, even the government still complicates the launch of Libra, besides that Mark Zuckerberg also said that Libra would be stable coin, so in my opinion people will still be more interested in investing in bitcoin

this is just speculation and the project has not been launched, it is very difficult to compare new projects with bitcoin because bitcoin is so old that it cannot be compared because bitcoin is still the best. Let's wait whether Libra really will be extraordinary or just like other new projects

Nevertheless, America is speaking about freezing this project. They think (I mean people in power) that it can become a real threat to Bitcoin. I am more than sure that many guys from the USA government are BTC holders, and they worry very much about the new crypto coming soon. Although Libra will be a stable coin, it can be a revolutionary release.

 Bitcoin has been on top of the crypto market since the day crypto was itself born, but we will just have to see what kind of an impact this new coin has. Secondly, the coin by Facebook is meant to be a stable coin so it is not in comparison to Bitcoin in any way. 

I am not sure that there will be coins that are able to compete with bitcoin, including even the Libra. we all know that nowadays everyone is too dependent on bitcoin, besides that the blockchain is made from bitcoin and the others are mostly just imitating. if the competitor exists they must exceed bitcoin in all respects, including the tendency of investors.

Blah blah blah. As always, they promise to overtake Bitcoin, but in fact there is not a single coin that at a price caught up with the first cryptocurrency. And given that the coin will be managed by a corporation that, upon request, will provide user data to the state, its price will be low in the region of a few dollars at best.

LIBRA will be another alternative coin and not considered as BTC rival.
I might consider it as another alts to give a big help for BITCOIN and cryptocurrency community.
LIBRA is not a threat, it is a friendly coin to welcome.

Libra is dead in the water. The US Congress won't allow it. If they will, they will probably attach too many regulations on it that it won't feel like a cryptocurrency at all. Besides, having Facebook as the lead developer on this? It's going to be full of privacy holes in it.

I just can't wait to see the next bitcoin or bitcoin rival in the next couple of years. I think there's no coin that will overtake bitcoin. Bitcoin has always been the first and top leading crypto coinsince time immemorial. There's no challenger.

There is news that most likely the Libra will not start. So why does the crypto community need it?I am totally against Libra.There are much more attractive and interesting coins.And most importantly decentralized.

So much is actually going on from Facebook side of the bargain . It actually would be nice to see exactly what other trick Mark has got up his sleeves having pioneered with Facebook the revolution that social media is in terms of data sharing. I can only say that I can't wait for 2020

It has been obvious for some time now that it is with mass adoption that cryptocurrencies will truly achieve the heights they are supposed to, and along with bitcoin and all the other cryptocurrencies, Facebook Libra coin may be cryptocurrencies that lead us into this era due to their very own capacity.
With Blockchain advancements moving at a very fast rate, the introduction of facebook which is one of the largest tech firms into this space should be accepted.
By the by perhaps the thought is that Facebook as of now has a network and possibly their very own use cases.

Many people have tried it but they failed. If you want to join the crypto industry and be a successful project, it far better to let people know of your protocol rather than trying to tell the community that your project is better than bitcoin. The moment this community sees that you are in war with over 2 million bitcoin lover and imagine if they decide not to follow your project. I know some invest because they are looking for a little profit in the future but they don't take those new projects as better than bitcoin.

Libra will never be a rival to bitcoin. This coin is so different that to even compare them makes no sense. I think it looks more like ripple than bitcoin. There really can be competition.

in my opinion no one can compete with Bitcoin at any time ... because Bitcoin is the king of all coins ... even though there will be the latest coin with the latest breakthrough ... but bitcoin remains the number one in the world of cryptocurency ... there are very many altcoins created and until now no one has been able to defeat the greatness and endurance and popularity of the king of coins.

no need to go far, that we take the example of altcoin which is close to bitcoin like ethereum, they have been for many years in this market industry but until now also cannot replace the position of bitcoin. so I don't think a new coin (LYBRA) can replace Bitcoin. Bitcoin will always be the top coin in this market.

Competition is a good thing so the presence of Facebook (globalcoin) that can compete with bitcoin will make the market excited, I hope Globalcoin is able to become a large coin so that it makes many countries open and accept crypto.

I dont understand why people are comparing or making the FACEBOOK coin to be a rival for BITCOIN.
Why can't they think that this LIBRA will be a great support for BTC and acceptance for cryptocurrency all over the world,

Being the first to come up with huge support from the community gives the advantage for Bitcoin. Even if there's already a lot of competition that's been introduced from time to time, but the big success is still enjoyed by Bitcoin. Rivals are there, and eventually, it will create noises around crypto currency. Only time will tell if there's enough reason and finished products to offers.

Strongly agree with the opinion you expressed, because I also think that way, because for new altcoin it will be very difficult to replace the position of bitcoin in the market, and that we can see in the examples of coins that already existed compared to coins that were already there will be born like LYBRA.

Facebook Libra is just a rival for stable coins like Tether, TrueUSD, GeminiUSD and so on.
But I believe that the real competitor is only Binance Venus that was created to become an alternative for Libra.

yup! you are right and i strongly agree with your opinion.
how can altcoin that just came can replace bitcoin, it seems impossible.

i think, LYBRA still needs a very long time to become a substitute for bitcoin and it has almost no chance at all to surpass bitcoin. to replace ethereum alone is still too heavy for LYBRA.

yes maybe it's a new rival for bitcoin but i doubt whether facebook coins can replace the top coins in the crypto market like bitcoin, in my opinion bitcoin will be the top coin in the market and it is difficult for new altcoins including facebook coins to replace the positions held by bitcoin.

This "  A New Bitcoin Rival Is Coming " is just a disgusting and stupid tittle. It is an excellent example of pour journalism and click-baiting people. Libra is nothing close to BTC or any crypto currency. It is much closer to FIAT then BTC.

well that's what they need to know with that LYBRA and BITCOIN have different functions and goals. Bitcoin is one of the profitable investment coins in the last decade, precisely in 2017, prices have jumped sharply, while Lybra is a new coin that hasn't even been marketed in the digital industry. Even though Facebook has a large partner, I'm not sure Lybra will replace Bitcoin in everything.

I think that soon we will see Ethereum as a rival for Bitcoin. Although the liquidity of Bitcoin itself is falling in the cryptocurrency market. A very large number of trades is foreseen by using stable coins.

Many people compare new coins with Bitcoin and say that they will replace Bitcoin, but it looks silly when they start to say that centralized coins can replace Bitcoin. Moreover, the growing dominance of Bitcoin this year showed that many altcoins are simply useless and therefore die.

I came here to read comments and technical analysis, and just saw the picture of Facebook CEO, what came to my mind was a stablecoin. How will a stablecoin rival bitcoin? I will need to consult the dictionary of the world. I was expecting to see that Staoshi was out with another project! lols. We only know of bitcoin and the rest are altcoins.

LIBRA IS FAR FROM BITCOIN AND WILL/CAN NEVER REPLACE IT , as far as i know , libra is still strugling with it's technical and financial situation , it will only help bitcoin when it is finished

I believe that record high hashrate of Bitcoin shows its power.

We have learned from the past that Bitcoin can´t be overbeated by any other cryptocurrency, even it seems better, provides faster transfers, but that is not enough!

China’s cryptocurrency czar believes that while the world powers do not welcome Facebook’s Libra, the stablecoin’s advance might now be unstoppable. However, there are still a few back channels through which users could circumvent the ban to purchase Libra, he said, citing underground Bitcoin trading in China as an example of how it could work.

I agree, this centralized stablecoin cannot compete with decentralized and fair distribution of bitcoin. I wouldn't call this a rival for Bitcoin, facebook stablecoin will be no match for Bitcoin. I can called this a rival of USDT as they are all centralized stablecoin that prints coin if they want to add their holdings and dump it on the market. It surely helps to fasten the adoption of cryptocurrency but it damages it as well in the inside.

Now we just do not see any serious competitors for bitcoin. if in the future global corporations can unite and create some kind of cryptocurrency, then it can be a strong competitor. but it is just my fantasy. Bitcoin is now number one and will remain number one for a very long time

If Libra or Global coin could really work in the crypto market, I think it would be an even bigger competitor to bitcoin and it could even make bitcoin overshadowed.
  With more than 2 billion customers using Facebook and an increasing demand for advertising, it will create a great demand for Libra coin and it will overwhelm Bitcoin in the future.

I ve seen a post somewhere wherein the government is opposing
Libra coin, this coin is what is said to be the next global coin or will be a universal coin why because as we know libra is connected to facebook, this brings issue with the government since face has almost the information of all facebook users, if this coin push through libra will be the dominance coin, but it also brings fear to the market and the people why facebook will have the power to control everything and manipulate it because of the information they have, so I think there will be no rival coming because libra will be stop by lots of country and goverment