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Author Topic: Facebook Cryptocurrency  (Read 10234 times)
Kongxx (OP)
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June 17, 2019, 03:00:35 AM
 #1

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.
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June 17, 2019, 03:47:52 AM
 #2

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.

You won't be able to buy a coin until it's available. The modality of distribution of the coin issued by Facebook is not revealed as yet. But they may go with a private sell first. The private sell amount would be huge as many of well known companies are interested in it. They'd surely go with a public sell, whatever small as they require adoption from the community. But anyway they'll force you to buy it one way or other.
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June 17, 2019, 04:02:07 AM
 #3

I have heard that facebook will have a project so it's likely to say that many will be interested in the facebook crypto project and I'm sure many investors will invest in facebook ieo.
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June 17, 2019, 04:10:37 AM
 #4

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.

We are hoping for that possibility, more exchanges offering it would be better.
The curring set up is one project in one exchange only for IEO, but this one is big, it should be available for most trusted exchange.
I have not read the whole information about this, just a head line and I think it's one of the reasons of the pump recently.

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.

It's not gonna be a threat, the market is big, but as it come here, I believe it will only help increase the adoption in crypto.

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June 17, 2019, 04:48:55 AM
 #5

GlobalCoin is a very interesting effort from Facebook and we are very excited to see what will happen. GlobalCoin is expected to be officially launched on June 18.
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June 17, 2019, 04:52:57 AM
 #6

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.
how do you plan to buy a coin that is not yet available anywhere even on its own blockchain and explorer? If you find it difficult to invest on btc, eth and every other altcoins then wait till when you are convinced to do so. Also, Facebook currency will not be a threat to btc

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June 17, 2019, 05:10:49 AM
 #7

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.

Facebook coin is probably a hyped coin. Better to check and review first what they have to offer, I dont think they can be compete with other major projects now like TRX, EOS, ETH those are huge projects that are really big in volume and potential, unlike fb still on the paper trail.
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June 17, 2019, 05:18:22 AM
Merited by The Sceptical Chymist (2)
 #8

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, I don't think it will be a threat to Bitcoin. Also I thought it was going to be a stablecoin? So there would be no point in buying it in the hopes of a price increase, as it would always remain a constant value. One interesting possibility is that it will become the most reliable stablecoin and people might be comfortable moving to it during a bear market. That is, if its even going to be listed on exchanges - it might end up just being internal to Facebook.
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June 17, 2019, 06:05:40 AM
 #9

Why do many people think Facebook coin will be a threat to Bitcoin and Altcoin, this is confusing to me. I know that Facebook has been very popular with social media, but for cryptocurrency I think it will still be a newcomer. I don't think it's that easy to reach popular.
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June 17, 2019, 06:55:15 AM
 #10

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.
Or with the creation of the libra coin will give a bad impact to the crypto. I just feel curious about how can you sure if anything that created by big companies will give a huge impact to the crypto? bitcoin gains its price without needing any help from the major platforms. big companies always familiar with the monopolization.

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June 17, 2019, 07:06:23 AM
 #11

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.

Threat? Facebook centralized coin. Which will not work in a large part of the market. China and Russia. What is the threat? Just she will be paid in the inside of Facebook nothing more.

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June 17, 2019, 08:13:26 AM
 #12

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.
As far as I know cryptocurrency from Facebook will not be available on the exchanges I guess they will be selling from their own platform to control over the prices of their cryptocurrencies and it is a stable currency so it is not going to be a threat for the the decentralized cryptocurrencies like Bitcoin and other most recognised cryptocurrencies. But you need to be very careful while investing on the stable coin even it is from the the reputed sites because they are new to the crypto field.

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June 17, 2019, 08:22:10 AM
 #13

I know that Facebook has been very popular with social media, but for cryptocurrency I think it will still be a newcomer. I don't think it's that easy to reach popular.

You just said it? Facebook has a large consumer base - their product is already all over the world, so the advertising is quiet easy.


Remember the biggest flaw in cryptoworld is that "normal/everyday humans" doesnt understand it - imagine facebook made it so easy to use, and made people comfortable buying/using their coin..
Unfortunately i think facebooks coin will reach new highs in terms of market cap - but then again, a company owned coin smells weird  Roll Eyes


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June 17, 2019, 09:16:50 AM
 #14

Why do you want to buy Facebook's GlobalCoin? Did you try to search what is Facebook coin?
Why not just buy a lot of USDT or DAI instead? As GlobalCoin is going to be a stable coin?
If stables coins are starting to increase, it will mean that the bear market is back.
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June 17, 2019, 09:25:33 AM
 #15

Many news talking about facebook will created own their cryptocurrency but until right now still not have right issues when they will created of facebook cryptocurrency, will be next month or next years.

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June 17, 2019, 10:02:52 AM
 #16

Will it be a threat to BTC and other altcoins?
For bitcoin, it's a no. For other altcoins? probably it is because people tend to choose this coin that's supported by a known company like facebook. They even announced companies that heavily invested to their project like Uber.

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.
Stop making FUD, bitcoin price will go down? can't you see what's happening to bitcoin's price lately? it has moved up to $9k so where's the negativity coming from?

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June 17, 2019, 10:04:00 AM
 #17

Many news talking about facebook will created own their cryptocurrency but until right now still not have right issues when they will created of facebook cryptocurrency, will be next month or next years.
I have long heard the news that Facebook is ready to launch crypto currency, and what I have also heard is that Facebook will launch its crypto currency in Q1 of 2020 so if it really does happen it will not be around for another 7-8 months.

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June 17, 2019, 10:49:10 AM
 #18

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.

If indeed its true that Facebook will be developing their own cryptocurrency then I think it will give boost to the whole crypto-ecosystem since it only shows that one of the leading technology company in the world has acknowledged the advantages of cryptocurrencies which could further hasten mass adoption of relevant cryptocurrencies with real use-cases.
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June 17, 2019, 11:04:16 AM
 #19

you can buy it if they sell it to you but they won't because it is only an stable coin that will only be available on their platform. so you will never be able to buy it. instead you are forced to open up an account with them, give them all your information which they will then use as they wish and then they give you an account with a balance after you also give them your fiat money. then you can only use that balance on their platform Smiley

threat to bitcoin? lol. read again what i said. do you think this centralized platform is even coming near the decentralized currency like bitcoin?
in fact if it does anything, it will only push people more towards bitcoin because after its creation a lot more people are going to be subjected to the corruption of these centralized companies and want a way out.

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June 17, 2019, 11:05:54 AM
 #20

More and more news are coming live every day about this mysterious Facebook coin, but I believe if they are going to release a coin and list it on major exchanges, it could change the crypto industry forever, because Facebook has a huge audience.
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