Libra Coin and Bitcoin

[Cacingkemi]

Libra will not be high and successful in the market cause libra does't get popularity like as BTC, stable coins only benefit dev and the team dude. BTC benefit us all so that its gaining popularity and becoming number 1 in this industry, I think BTC can't compete with such stable coins.

[Jamjamz30]

As of now, the buzz created by Libra on the cryptocurrency world has somehow beneficial to bitcoin and altcoins. Bitcoin has breached over $11,000 while top altcoins such as Ethereum and LTC have gained more than expected. We may not directly connect these increase to Libra hype, nonetheless this is good. Libra and bitcoin may exist together here in cryptocurrency like ethereum and bitcoin.

[Prettygirl01315]

The biggest differences of libra and bitcoin will be the information that is shown to the people around the world because bitcoin is Decentralized while i think this libra coin have most the complete information of the people around the globe which it disregards the aspect of the true nature of bitcoin that is "anonymity"

[chris_90]

I think shouldn't compare Bitcoin and Libra, not now. The similarity is that both of them basen on blockchain technology. It is hard to predict, only time will tell, there are only  some information

[yvesp110]

The biggest differences of libra and bitcoin will be the information that is shown to the people around the world because bitcoin is Decentralized while i think this libra coin have most the complete information of the people around the globe which it disregards the aspect of the true nature of bitcoin that is "anonymity"

Well we are yet to know how Libra would differ from Bitcoin, the truth is that Libra being the coin of Facebook is not going to be as safe as Bitcoin is. We have seen in the past that Facebook has been using the users’ information and data without their consent and I think that being one of the highlighted cases around the world will refrain the users to put in all their trust in Libra unlike Bitcoin.

[bitgolden]

The biggest differences of libra and bitcoin will be the information that is shown to the people around the world because bitcoin is Decentralized while i think this libra coin have most the complete information of the people around the globe which it disregards the aspect of the true nature of bitcoin that is "anonymity"

Hey bro, just the same way we cannot predict the market, which is the same way that we cannot predict human beings sometimes, what you think they can never respond to is what they do respond to. In this cryptocurrency market, I have learnt never to say never. Look at when the whole issue of Craig David came out claiming to be satoshi, everyone was over the internet casting stones on him, but these same people still went behind and supported the coin, and keep boosting it through their investment.

As regards this issue with Facebook Libra coin, the only thing that is guaranteed to me is that it can never displace bitcoin or take the position of bitcoin in function and in many areas, but when it comes to acceptance and support, let us leave the issue of anonymity aside, people will still use their coin if they find it as solution to any of their problem.

[clipto]

I really hope, that Libra coin will help to near the mass adoption, but there is no way that such a centralised coin could compete with BTC or ETH for the first or second place on coinmarketcap. This would never happen on this market.

[MbakNarti]

I am still analyzing with features that Libra will present so far. If Libra is able to make transactions faster and transaction costs are much cheaper, it's likely to shift little by little in popularity. It would be a good suggestion if Libra can use or make its own exchange, for example (facebook exchange) with cheap withdrawal and deposit fees, it is not impossible that everyone will switch very quickly. This is just personal advice.

[florac9]

Libra is a stable crypto coin like USDC and Tether so in my own view its not an investment option like bitcoin and other altcoins but one thing is very certain I belief that Libra is capable of driving new investors to crypto space since libra is going to be pair with ETH and BTC on exchanges

[4rzun4]

If you talk about the effects of the emergence of a new project, of course there will be an effect. But the size or size depends on what features Libra will launch. Seeing the very warm conversations in recent weeks about Libra, it's likely to be a tough competitor for them (old and popular coins). I have to be patient to wait for what will happen in the beginning of 2020, when Libra is launched to the exchange.

[Coroline]

Hello Experts out there , How do you think libra coin of facebook effects Bitcoin ? For eg If libra can do what BTC , ETH could do than people will never use BTC ?

however bitcoin will never be replaced if the libra coin has a good advantage over bitcoin it will have a good impact on crypto and will have an impact on bitcoin hopefully this is a good start for crypto considering that lately bitcoin has risen significantly maybe it's the impact of fb adopting crypto

[SoundMoney19]

Libra coin will likely be a stablecoin so will likely have limited volatility compared to bitcoin. Btc will likely be considered more preferable thn libra for trading/speculation purposes.

Nevertheless, the central  banking cartel will do everything to derail crypto. The only hope is 100% anonymous ownership of one's assets. Efforts are already underway in the US to ban crypto and any asset that could undermine status of  debt as money and by extension the socio-economic power of banks. This is why there is such a strong political pushback against libra and the development of crypto in general. KYC is a measure imposed by the banking establishment to potentially  identify and target large holders of crypto.

 Remember gold was forcibly seized from US citizens to prop up the FED's monetary hegemony in 1933. The same thing will happen to crypto once it begins to seriously threaten the  monetary monopoly of central banks.

Currently, the only thing preventing that is the lack of credible stablecoin due to volatility. If facebook libra gets released it could be a panacea  stablecoin bridging fiat and crypto. I am sure this will come at a price, for example severe restrictions and reporting requirements on large crypto holdings along with unexplained wealth confiscation orders of large crypto holdings.

For solutions against the oncoming crackdown check the following link to our project:

https://bitcointalk.org/index.php?topic=5159944.0

[rhodelmabanal]

I really hope, that Libra coin will help to near the mass adoption, but there is no way that such a centralised coin could compete with BTC or ETH for the first or second place on coinmarketcap. This would never happen on this market.

I agree libra coin wouldn't be taking over what path did bitcoin had been through. This was just a regular altcoin who happened to be popult due to social media backed up. Without any sort of reasons like that, there's no possible point that it could be appreciated on that point.

[tsaroz]

Libra coin if allowed to be traded freely like any other cryptocoin, would have a positive effect on adoption and price of bitcoin. It's easiness of buying and getting would make people easier to enter the crypto market. And when they does, the first thing they'd choose in bitcoin. And hence the price of bitcoin would be on a rise.

[forexandcryptoauditor]

I don't think libra will impact Bitcoin or people stop using Bitcoin over libra. It's stable coin vs pure decentralized coin. The whole structure of cryptocurrencies has been due to the base of Bitcoin.
I firmly believe that Bitcoin price may influence libra just like other cryptocurrencies.

[romanij]

I think Libra will be a very good and functional coin. But it is important to understand that this coin will be regulated and it will not be anonymous. I believe that these factors will not allow this coin to overtake today's leaders. Most likely Libra will quickly raise its price but then there will be a sharp decline.

[IParn]

I think Libra will be a very good and functional coin. But it is important to understand that this coin will be regulated and it will not be anonymous. I believe that these factors will not allow this coin to overtake today's leaders. Most likely Libra will quickly raise its price but then there will be a sharp decline.

and I also think that there is no joy or any level and some success.  but it seems to me that it will not be better than Bitcoin.  maximum, it will enter the top ten first and then in the top five coins.

[sanida]

There are so many coins that claimed they can beat Bitcoin before they even release it. after they released those coins there's no change have been made. The price of the bitcoins is still there and most of these coins who claimed to beat bitcoin is no longer there. so in the end of the day nothing can out rank bitcoin for now.

[Folajuwon56]

It seems like LIBRA coin is going to be a stable coin, and so can't be compared with facebook. I can say only newbies in Cryptocurrency will go after LIBRA coin and leave Bitcoin.

[playboy654]

Hello Experts out there , How do you think libra coin of facebook effects Bitcoin ? For eg If libra can do what BTC , ETH could do than people will never use BTC ?

Libra is a stable coin which is not going to have volatility on the prices like happens in bitcoin so do you think it will be used for investment?

So no effect on the bitcoin from libra.