What threats does Libra pose on Bitcoin?

[maxreish]

Libra is a stable coin and bitcoin is not. So, why would Libra become a threat to bitcoin?  They are far different from each other and there is nothing to worry about. And the only similarity they have is that they are both cryptocurrencies that can be converted into fiat.
 I would like to show you some infographic about the difference between the two.

Image source

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[gensol]

Non. Libra doesn't pose any threat to Bitcoin rather it will propel mass adoption, making people get to know more about Bitcoin. Libra is going to be centralised, it's as well going to be a stable coin. Bitcoin bypasses this two major shortfall of Libra as a cryptocurrency. Bitcoin is open source it's decentralized, its volatile, its a store of value and means of exchange. Libra will be a utility token used on facebook platform. Bitcoin far outweighs that.

[Om.monata]

threat? I don't think there is any threat to bitcoin. Libra is only a stable coin and cannot be traded while Bitcoin can and Libra are not a threat to bitcoin right now.

[lixer]

If you are a crypto enthusiast - you will be just as interested in this topic as I am. I would like to learn your opinion on what threats does Libra pose on Bitcoin? I believe that this is a hot topic worth considering.

Absolutely nothing, no threat or whatsoever will Facebook Libra coin pose to Bitcoin, first, Libra is not a decentralized coin, bitcoin is, Libra is not an anonymous coin, bitcoin is, so tell me which coin do you think will continue to gain the attraction of people the more? Bitcoin will always gain the attraction of people because of its numerous benefits for even using it.

Facebook is just a stable coin and people will only use it for any project that is link to them but they will never hold their money in their market because it will add no value to it, secondly Facebook will always meet a stiff opposition because of its activities that will, strongly clash with that of government’s own. So I think there are more things that Facebook is of threat to the bitcoin, it can never have any negative effect on bitcoin.

[tabas]

threat? I don't think there is any threat to bitcoin. Libra is only a stable coin and cannot be traded while Bitcoin can and Libra are not a threat to bitcoin right now.

I think people who just heard about Libra thinks that it will be able to replace bitcoin. They have to understand what does stable and not stable coin means.
Libra = stable
Bitcoin = not stable

[flemmings02]

If you are a crypto enthusiast - you will be just as interested in this topic as I am. I would like to learn your opinion on what threats does Libra pose on Bitcoin? I believe that this is a hot topic worth considering.

Libra does not pose any single threat on Bitcoin, rather all Libra poses is ethical and privacy threat against all it's users and adopters. Libra coin should not have space in the cryptocommunity as it is not a cryptocurrency.

[Menawi12]

If you are a crypto enthusiast - you will be just as interested in this topic as I am. I would like to learn your opinion on what threats does Libra pose on Bitcoin? I believe that this is a hot topic worth considering.

I think Libra coin is not a threat to bitcoin or other cryptocurrency. But maybe Libra coins can be a threat to altcoin that doesn't have a clear project because investors will definitely divert their investment to Libra coins that are more attractive

[Lexurdania]

If you are a crypto enthusiast - you will be just as interested in this topic as I am. I would like to learn your opinion on what threats does Libra pose on Bitcoin? I believe that this is a hot topic worth considering.

Libra does not pose any single threat on Bitcoin, rather all Libra poses is ethical and privacy threat against all it's users and adopters. Libra coin should not have space in the cryptocommunity as it is not a cryptocurrency.

I agree that Libra coin is not a threat to the cryptocurrency market. Bitcoin has its own investors, so does altcoin. Libra coin might attract a lot of new investors and I think this is good for the cryptocurrency market to get excited again as it did in 2017

[trickyriky]

If you are a crypto enthusiast - you will be just as interested in this topic as I am. I would like to learn your opinion on what threats does Libra pose on Bitcoin? I believe that this is a hot topic worth considering.

If it is launched, it will have no negative effect on the crypto market and Bitcoin will not fall. However, the appearance of Libra might affect other stable coins. Even now, when the token is not launched yet, people are ready to invest in Libra. Suppose, it will be a very good variant for those guys, who live in the countries with great inflation.

[kooboat]

I see no threat that Libra pose to bitcoin. Bitcoin would always be the leader on the market and Libra is no different. People think because of the backing it has from Facebook inc and the influence of the USA government, we may see something dramatic. Nevertheless the coin is a good attention to the world of cryptocurrencies.