Facebook Cryptocurrency

[bittick]

I have not seen any signs of an official Facebook coin appearing.
I think it is not a serious threat to BTC, it's just an impact on the adoption of crypto, I mean if the Facebook coin is released soon this will attract market investment and also attract the attention of new and old investors.

they are struggling to fight against the government also recently it seems facebook has faced another accusation of violating users' privacy. Libra itself is a stablecoin and I can't see why people are waiting for it, there's already some of stablecoin out there, no need to wait libra.

[pandanaran]

as you are looking for, I have searched about the LIBRA token address contract, whether this is true or not I see that this address contract is in the name of the LIBRA token.
https://etherscan.io/address/0xc5bd56179795d2c3f5b5c594c3a6790a37b67a85

in connection with this, I don't think it will affect the price of BTC. because BTC is a decentralized coin while Libra focuses on the financial system.

[NoirSuccubus]

It is not available as of yet but soon it will be. Let’s just wait till then. I think it will have an impact on prices of alts since they are already bleeding in today’s market as of 2019, but this will bring new competition to BTC. Let’s see what happens with the price of BTC.

[leexhin]

It is not available as of yet but soon it will be. Let’s just wait till then. I think it will have an impact on prices of alts since they are already bleeding in today’s market as of 2019, but this will bring new competition to BTC. Let’s see what happens with the price of BTC.

In connection with btc, libra will have less impact since it doesn't have any direct relation to bitcoin but with the market itself. Like for example, Bakkt, people blame the launch of bakkt after bitcoin downed a thousand dollars right after it introduced to the market, why? because it is hyped by many which has been taken by the whales for granted. New currency does not have direct affect on prices, speculation does.  

[babysweetTiger0401]

I am determined to buy FB coin Libra even though it is not available yet. I hope it is available on exchanges where i can buy easily.

Will it be a threat to BTC and other altcoins? I am afraid that the prices of BTC and other altcoins will go down. It makes me hesitate to buy some currencies like TRX currently.

No one stop you to do it, but the problem is do you know where you going to buy it? Of course, you don't know because its not available yet and
the launching is not yet happening anyway.  And moreover, what is your basis anyway to make FB coin become a threat to Bitcoin?
For sure, majority of the community will just smile at your statement, you've got to be kidding me. If bitcoin down it is not because of FB coin or libra coin.

[Abiky]

they are struggling to fight against the government also recently it seems facebook has faced another accusation of violating users' privacy. Libra itself is a stablecoin and I can't see why people are waiting for it, there's already some of stablecoin out there, no need to wait libra.

Exactly. Facebook has been well-known to violate people's privacy. Imagine what the outcomes will be for a cryptocurrency backed by a company who doesn't respects its users. It'll be a complete disaster in the long run. Banks are doing quite well in this regard, as they're completely regulated by worldwide governments. They cannot steal sensitive information easily for their own benefit. If Facebook wants to become the next central bank 2.0, it would need to put user's privacy first above anything else. Then it could talk about dominating the world's economy as we know it. Considering how difficult it has been for Facebook to comply with every single regulatory measure imposed by governments worldwide, it seems very unlikely that Libra will launch anytime soon.

Even if it launches, it won't rise in price at all since it'll be a stablecoin after all. I don't get why people are so excited with this new cryptocurrency since there are already several alternatives on the market these days (as you've said earlier). Both Gemini Dollars and Stronghold USD are 100% regulatory-compliant stablecoins that serve nearly the same purpose as Facebook's Libra cryptocurrency. Which is why, I believe that Libra is overhyped within the mainstream world.

Nonetheless, time will tell us what will be the fate of Facebook's cryptocurrency launch as governments battle their way towards complete supremacy. After all, they don't want alternative currencies from taking over the existing monetary system. Which is why, I believe that Libra will fail in its entirety leading the way towards government-backed cryptocurrencies in the future. Just my thoughts

[illnino]

I have not seen any signs of an official Facebook coin appearing.
I think it is not a serious threat to BTC, it's just an impact on the adoption of crypto, I mean if the Facebook coin is released soon this will attract market investment and also attract the attention of new and old investors.

Nevertheless, they are making great plans already. Libra cannot be a threat to national monetary policy; Facebook does not create a payment tool similar to fiat currency using the Libra project. Moreover, the Head of Libra says that this coin can be a boon to the UN and help achieve important goals in eradicating poverty around the world and achieving gender equality. All we can do it is to wait when it happens...or not.

[pcfli]

I have not seen any signs of an official Facebook coin appearing.
I think it is not a serious threat to BTC, it's just an impact on the adoption of crypto, I mean if the Facebook coin is released soon this will attract market investment and also attract the attention of new and old investors.

Nevertheless, they are making great plans already. Libra cannot be a threat to national monetary policy; Facebook does not create a payment tool similar to fiat currency using the Libra project. Moreover, the Head of Libra says that this coin can be a boon to the UN and help achieve important goals in eradicating poverty around the world and achieving gender equality. All we can do it is to wait when it happens...or not.

LMAO. The head of the Libra team just makes false promises for facing less resistance by the governments. Otherwise, they can achieve these mentioned goals when the Facebook company reached its high values on the stock market. The Libra coin is a stable coin which planned to use for making payments on the social networks like Facebook, Whatsapp, and Instagram as far as I know.

[CryptoLogo]

The latest news i heard about libra is that they have a security problem with it. apart from that, i guess we can rely on this famous project.

[shimbark123]

I am determined to buy FB coin Libra even though it is not available yet. I hope it is available on exchanges where i can buy easily.

Will it be a threat to BTC and other altcoins? I am afraid that the prices of BTC and other altcoins will go down. It makes me hesitate to buy some currencies like TRX currently.

I don't know why is there always a comparison between FB coin and bitcoin or even bitcoin and BNB. It sucks to know that fb coin is a stable coin and it will never be a competition to bitcoin. You'll not be able to get profits out of it since it is a stable coin. In cryptocurrency charts, rankings of different coins, growth of the coin itself could help the factor for it to achieve higher rank.

[voltesbit777]

I am determined to buy FB coin Libra even though it is not available yet. I hope it is available on exchanges where i can buy easily.

Will it be a threat to BTC and other altcoins? I am afraid that the prices of BTC and other altcoins will go down. It makes me hesitate to buy some currencies like TRX currently.

In what article did you find or read that Facebook or Libra coin would be a threat to Bitcoin and to altcoins, You seem to insult Bitcoin and crypto believer in this forum. Then do you know where to get them to buy them? Sure, I don't know. And you really won't know because no one has been announced about it yet. I noticed that it has been a month since I was but I am not sure ah, he is so quiet now that he is not in the noise of crypto news.

[Arsenyo]

There is so much fuss about the launch of Libra in media, but all we have is delaying, investigations, doubts and opposition. Even Zuckerberg put Libra launch date in doubt. I don't like Facebook and consider it the worst social network, so I don't believe in prosperous future of it.

[XCANA]

There are so much fuss about the launch of Libra in media, but all we have is delaying, investigations, doubts and opposition. Even Zuckerberg put Libra launch date in doubt. I don't like Facebook and consider it the worst social network, so I don't believe in prosperous future of it.

Me too; the social media having it her coin will amount to oppression and enslavement from a particular government. Haven it delay from the start of the announcement rill now, speak volume. I hope they investigate them thoroughly and get them knock out of the stage of Altcoins.
For me to invest in Libra coin, I rather invest in ripple because, ripple have user case compare to Libra  coin. Ripple won't steal my privacy for trade with the third parties, unlike what we have seen on Facebook social media scandals. Ripple can be use as a world government token.

[J1mb0]

I am determined to buy FB coin Libra even though it is not available yet. I hope it is available on exchanges where i can buy easily.

Will it be a threat to BTC and other altcoins? I am afraid that the prices of BTC and other altcoins will go down. It makes me hesitate to buy some currencies like TRX currently.

Many rumors suggest that Libra is a stable currency like USDT, so I think its appearance will not greatly affect Bitcoin and other currencies.
After all, everyone in the cryptocurrency market wants to make a profit, but keeping a stable currency will not bring profits.
However, I still prefer Libra to be released because Facebook is a large social network and has billions of users. If FB decides to issue cryptocurrency this will greatly affect people's perceptions of the cryptocurrency market in a positive way.

[Abiky]

LMAO. The head of the Libra team just makes false promises for facing less resistance by the governments. Otherwise, they can achieve these mentioned goals when the Facebook company reached its high values on the stock market. The Libra coin is a stable coin which planned to use for making payments on the social networks like Facebook, Whatsapp, and Instagram as far as I know.

Exactly. Facebook just wants to get in the game, even if it must give people's most sensitive information to worldwide governments. If it's able to launch its digital currency (Libra), it doesn't care about the rest. The fact is that Libra will become an extremely centralized cryptocurrency backed by the USD. This makes it no different from traditional banks or payment processors. Facebook will earn a lot from the network's fees, acting as the middleman. I believe that Libra cannot be called a Blockchain or a cryptocurrency since it greatly depends on a middleman. After all, Satoshi intended to remove third parties from the system with the launch of Bitcoin.

Still though, if Facebook's cryptocurrency launches successfully, then it could attract many people into it. This is true because, it already has a large user base within its social network platform. The company could encourage people into using its cryptocurrency via marketing/promotion within its social apps like Whatapps, Instagram, etc. While Libra won't be able to rise in price across the market (as it'll be a stablecoin after all), it'll surely become extremely popular within the mainstream world.

Nonetheless, time will tell us if Facebook's cryptocurrency was just an idea than something useful for the mainstream world. No matter if it launches Libra or not, the whole cryptocurrency industry will be unaffected whatsoever. Just my thoughts

[PrivacyBob]

i'll never touch that coin...
anyway the earning of Facebook and all the companies around it, will go to Bitcoin and other altcoins.

[xabre]

Facebook is not have good planning for their coin product, after giving news information about Libra coin until now they have nothing for reschedule about how to open Libra coin for the public, when can start for selling.

[SIHIN]

the news about Facebook wanting to make Libra coins no longer sound like they were previously reported throughout the world through social media.  I think if they make a stable currency called Libra.  will definitely not affect the price of Bitcoin and other altcoins.  Facebook does have a great opportunity to develop its company into the world of cryptocurrency.  especially if Facebook makes the same coins as other currencies.  whose prices can go up and down.  Everyone wants to profit if they invest in cryptocurrensy.  but if Facebook generates a stable currency, I'm sure there are no fans and this can fail automatically even though there are very many Facebook users around the world today.  but doesn't have much influence.

[TheClownSong]

I am determined to buy FB coin Libra even though it is not available yet. I hope it is available on exchanges where i can buy easily.

Will it be a threat to BTC and other altcoins? I am afraid that the prices of BTC and other altcoins will go down. It makes me hesitate to buy some currencies like TRX currently.

I think Libra Coin will make transactions in the crypto market more attractive. After Facebook announced that it would launch Libra Coin, price of bitcoin rose steadily and now above $ 13,000. I think Libra Coin will have a positive influence on the cryptocurrency market

People does not know a lot about Libra, but they know this coin is own by Facebook so they are investing in the crypto space now.
Most of the them are buying bitcoin so we are seeing a bitcoin rocket again.

The action of facebook is pro crypto so this really brings positive result, if we still remember during the last year's ban, the effect was negative and it has a big negative effect and now it's a big opposite of the effect. We should be thankful with this, without FB announcement, we won't reach this high now.

Agree, Libra Coin will influence many new investors to invest in the cryptocurrency market. Liquidity will increase and investor confidence will continue to be maintained. In my opinion, a lot of positive effects will be felt when Libra Coin starts to trade on exchangers even though it might affect the price of existing coins

[joinfree]

You have  to  understand  this there is  no  way  Libra  is a threat to  bitcoin.  Bitcoin has its  use case  and  Libra also  have  its  use case. Bitcoin has been trusted  for  more for more  than Ten years.  Facebook people  dont even  trust  it when it  their information how can people trust  them with their  money. When Libra is bridge  for people to adopt  cryptocurrency..