Who Would Really Buy Facebook Coin?

[emmybd]

I think that it is quite premature to talk about Facebook Coin, at first let this coin come to the market to see what happens. If it is useful then who knows facebook users may buy it.

[therhslv]

They probably will just create one pegged to USD or EUR Imagine you will be able to send friends , pay or any other thing throught messenger , whatapp Probably merchants will take it aswell , instant payments without carrying your wallet , cards with you Something like Alipay , appleplay Quite interesting . I don't think Facebook will risk to create token that will fluctate in price , imagine all the bad reviews around internet that somebody bought FacebookCoin for 10 cent's and after few hours he lost double the value lol , ofcourse would be interesting to see one

[wuvdoll]

Depends on what they will use it for. If facebook is serious about this and will make it their mission to actually worth something then I would totally buy it, I don't know where the exchanges will be or how we will be able to buy or sell but in the end if its not something like an experiment then it will have a decent value.

Look at facebooks stocks, even though it bottomed after that Cambridge Analytica or congress and what not deals its still quite more than when it first started out and that is with facebook getting less and less used but they bought instragram and whatsapp which made them worth a lot more. However, if it is just some sort of blockchain experiment then there is no need to actually buy it since it will probably be shelved quite quickly.

[ATSgrowth]

Facebook coin is not a typical decentralized cryptocurrency where you can speculate on the future price. Facebook coin is pegged to a real dollar, why then you should be interested in this coin? We already have good independent stable coins.

[LogitechMouse]

Since I've heard that facebook will create their new coin. I'm thinking what is the main use of this coin.

I think one of the uses of this coin is for the live streamers out there. We know that there are many game streamers in Facebook and the supporters give them stars as their reward. This is just my opinion but I think instead of stars, they will send this coin to the streamers in Facebook.

[Mypanara19]

It depends on what use will it do and what will it be in the crypto space, I mean how and what will be its future and for what purpose. And also there are so many things to consider just like the price, the team behind it, its objective and goal, could it be profitable fornthe people who will support and buy it. Those are the things I have consider if there will be fb coin, its popularity will be there right away but it could somehow be use by some few people for their personal gains alone.

[electronicash]

Since I've heard that facebook will create their new coin. I'm thinking what is the main use of this coin.

I think one of the uses of this coin is for the live streamers out there. We know that there are many game streamers in Facebook and the supporters give them stars as their reward. This is just my opinion but I think instead of stars, they will send this coin to the streamers in Facebook.

i would only assume its going to be used to a current services that facebook is providing like the sponsored ads. of course with the needed services those who wants to advertise are going to be force to buy the coin as facebook can impose that its the only coin accepted on their platform. their coin they said is going to be a stablecoin, there is not much to learn about it but it can be used to hedge crypto money. information regarding the coin isn't yet known to us but it be interesting to see it added on exchanges.

[rjp55]

Probably buyers would be the newbies and people use facebook heard about crypto but didn't have enough courage to buy any. Also some whales would buy a part of it to see what will happen.

[SomeCryptoDude]

Probably buyers would be the newbies and people use facebook heard about crypto but didn't have enough courage to buy any. Also some whales would buy a part of it to see what will happen.

Good point, I'm seeing people who have never bought or heard of crypto getting into it just because its from Facebook.

[Ranly123]

Honestly, who would buy this? Serious question! I've been reading about it and I don't see how Facebook can create a coin that upholds the values crypto portrays (censorship free currency).

https://tipestry.com/topics/5ce41169570b6c1f0750a040/facebook-to-release-its-own-cryptocurrency-on-whatsapp-%E2%80%93-libracoin-%E2%80%93-with-its-base-in-switzerland-and-first-launch-in-india

If Facebook adopt on cryptocurrency, their coins will serve as tokens for profit sharing. Which means you get a revenue whenever Facebook coins get the most out on the market. It is us investors who will put money to have a realization for Facebook coin.

[niisarearning]

Honestly, who would buy this? Serious question! I've been reading about it and I don't see how Facebook can create a coin that upholds the values crypto portrays (censorship free currency).

https://tipestry.com/topics/5ce41169570b6c1f0750a040/facebook-to-release-its-own-cryptocurrency-on-whatsapp-%E2%80%93-libracoin-%E2%80%93-with-its-base-in-switzerland-and-first-launch-in-india

I am still not sure about all these news i am looking for some real progress in the devolopment of the coin until i am least bother about this there was enough prediction happened in past nothing is implemented.

[Lexurdania]

Honestly, who would buy this? Serious question! I've been reading about it and I don't see how Facebook can create a coin that upholds the values crypto portrays (censorship free currency).

https://tipestry.com/topics/5ce41169570b6c1f0750a040/facebook-to-release-its-own-cryptocurrency-on-whatsapp-%E2%80%93-libracoin-%E2%80%93-with-its-base-in-switzerland-and-first-launch-in-india

If facebook launch their own coin and sell it to public, i am believe many their members want to buy and hold it. Facebook is big social media and already have market place, if facebook launch their own coin, its make members can make transaction more easier and faster

[Revvo1]

Who would want to miss out in this? That would have been the question.. Anyways just let you know,  wide range of people will definitey  venture into this.. Looking at the gigantic users of the platform,  there will definitely be a FOMO amidst many to not miss out like many of us did with Bitcoin. The fear that the continual usgae of the platform may eventually be hinged on the pocessor of the coins will make people cringe to buy.

[batang_bitcoin]

Honestly, who would buy this? Serious question! I've been reading about it and I don't see how Facebook can create a coin that upholds the values crypto portrays (censorship free currency).

There's an update and it's not going to be called as facebook coin but rather Global Coin.

Source: https://www.coindesk.com/facebook-to-roll-out-globalcoin-cryptocurrency-in-2020-report-says

But don't be mislead because it's not this coin: https://coinmarketcap.com/currencies/globalcoin/

[redsun114]

Honestly, who would buy this? Serious question! I've been reading about it and I don't see how Facebook can create a coin that upholds the values crypto portrays (censorship free currency).

https://tipestry.com/topics/5ce41169570b6c1f0750a040/facebook-to-release-its-own-cryptocurrency-on-whatsapp-%E2%80%93-libracoin-%E2%80%93-with-its-base-in-switzerland-and-first-launch-in-india

Wouldn't it be best if you can have patience till the coin is released first? And what even makes you think that a coin released by Facebook is not going to be successful in this cryptocurrency market? First of all you have got to know that Facebook is the biggest social media there is, if not the biggest it is one of the biggest.

So how would you be thinking that there wouldn't be anyone to support their coin.? They are already trusted by a lot of people and there will be lots of investors who are ready to invest in it. The one thing I'm sure is that their coin will not be free from any kind of censorship just like you have said.

[Adriano2010]

Well i think the buyers will be the users of Facebook platform and this can help the coin grow but i don't know what will happen in future and if they will give some coins for free to users or will ask users to buy Facebook coins to use some features on Facebook platform.

[davinchi]

Facebook coin is not a typical decentralized cryptocurrency where you can speculate on the future price. Facebook coin is pegged to a real dollar, why then you should be interested in this coin? We already have good independent stable coins.

I am sure Facebook would not be creating this coin for general use, it would be for internal use, internal in the sense that those who are using Facebook platform for their businesses would be the one to benefit more from these coin.

If you think they won’t succeed, and then what do you think Facebook is doing to make money? They generate their money internally from those who are using it for business purpose and not the public out there, after all, general public has been using the platform for free. As you can see already that when we learnt they raised money for the project, they didn’t involve the public in thin, so we should allow then operate their system in a way that suits them.

[trauchot]

I am sure that there will be a huge number of investors who will invest millions in facebook coin in order to get a profit in the future or simply just to support the idea of facebook, and maybe even the CEO of facebook will invest his money.

[Whaletale]

Facebook will be one of the successful coin if eventually launch and that will attract every investor and it will boom for people to invest which is a great move if initiate.

[Aniwura]

Facebook is not a startup. It already has its working product, except that it will be making an upgrade for which the company might for that reason decide on going into token sale. A lot of people believe in Facebook and its CEO, because of the reputation it has been able to have since inception and for that,might want to invest in it.
As a matter of fact, i do not expect the token sale to spend too much time before it is sold off. It does not need an IEO to succeed.