Is Facebook Coin gonna replace bitcoin?

[Febo]

I wrote an article about what I think of Facebook Coin.

Would love to have comments and feedbacks:

https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93?source=friends_link&sk=9580e46c3d6923836a17e91c0855a6d5

Nothing will replace Bitcoin.

Facebook had coin years ago but people did not like it. I dont believe this time it will be anything different.  You should google about it.

[cryptjh]

A Facebook coin will never replace bitcoins, but it will be a great coin to get new people to open their eyes for bitcoins. Even if facebook print 100 billion stable coins with the value of $1 each and then become number one on coinmarketcap, it will not replace bitcoins.
Bitcoins will still be the king, and with limited supply, more and more people will try to get a whole bitcoin in the future.

[rizkyhiw]

I wrote an article about what I think of Facebook Coin.

Would love to have comments and feedbacks:

https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93?source=friends_link&sk=9580e46c3d6923836a17e91c0855a6d5

Not! I will never believe in all newcomers with good popularity even though Bitcoin is still the king of all coins because the journey is done very far and can be said to be more expert than everything while all the improvements that occur can affect all altcoins, don't expect Facebook to be better of anything, don't compete with Bitcoin first, let's look at Eth's class competition, this can be a difficult competition.

[8rch7]

I think it will be very difficult for altcoin to be able to replace the position of bitcoin. even though the Facebook name has a good popularity, when Facebook coins appear, it is likely that coins will emerge from other social media (I hear Whatsapp will also launch coins). I think there will be competition between social media coins before they can rise to near the bitcoin position.

[cahbagus555]

I wrote an article about what I think of Facebook Coin.

Would love to have comments and feedbacks:

https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93?source=friends_link&sk=9580e46c3d6923836a17e91c0855a6d5

If facebook launch their own coin and traded in market, i think it will be good. Facebook is largest social media in the world with billions members and if facebook launch their coin, it could have biggest market cap value

[luthvie]

anything possible on crypto, but if some coin want to surpass bitcoin, maybe it will need around 10 year to do that, and that coin must be very great to gain demand and taking over bitcoin place.

[Fredomago]

It's something to be wait and see, knowing how big FB was and how many people used it for everyday life, if this coin will be materialize and implemented well, it can create big impact to entire crypto industry, we just can assume right away whether it can replaced btc from it's position but gaining successful journey will surely happen.

[emmybd]

It is too early to say, as Facebook Coin is still not in the market, but it would be very difficult for any new coin to replace bitcoin. As bitcoin is the king of crypto and has been around for a long time.

[deredevil]

Facebook coin has not been widely known, and I think this is a difficult thing to be able to replace Bitcoin, as the king of crypto bitcoin until now remains the top one no one can replace it, even the old coin, while facebook coin is still new and its development hasn't striking, while bitcoin is widely known and promising investment for the future

[akungagal]

it seems impossible, even to replace the ethereum position it will be very difficult for facebook coin. it takes quite a long time to replace bitcoin and it is almost impossible to replace it.

indeed bitcoin is too volatile, but that is what makes bitcoin more attractive to many people and has become famous today. So, i think Facebook coins will not be able to replace the position of Bitcoin now or even in the future.