Libra coin over Bitcoin is that possible?

[profitgenerator212]

The most important hype about Libra coin for me is its connection with Facebook and its ability to on board over two billion users to cryptocurrency. Its simply the global adoption. Otherwise, its just another stable coin like tether or pax

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[ishirut009]

The Facebook cryptocurrency coin Libra is now the talk in the cryptocurrency market, people says it will take over bitcoin soon.
But to me is that going to be possible, I took bitcoin years to reach were it is now and as the best coin in market and the first cryptocurrency its not that possible.
Lots of coin wit great ambitions have come knocking to take over from bitcoin but non could.
Will Libra be able to do so?

it could never over run bitcoin in terms of value because libra is only a token and is a stable coin so we can't we able to profit investing on it. It is like those stable coins that we already have in the market like usdc, usdt. So i still believe in bitcoin.

[iMark]

The most important hype about Libra coin for me is its connection with Facebook and its ability to on board over two billion users to cryptocurrency. Its simply the global adoption. Otherwise, its just another stable coin like tether or pax

I think so, with backups of large companies like Facebook we can already imagine how strong the coin market is, the hype will occur,
many Facebook users might try it, I hate to admit that Libra might be a great competitor to Bitcoin

[sammy21]

I think so, with backups of large companies like Facebook we can already imagine how strong the coin market is, the hype will occur,
many Facebook users might try it, I hate to admit that Libra might be a great competitor to Bitcoin

maybe indeed there will be growth and even renewal in the crypto market, but to refer to Libra coins as a competitor of bitcoin, I think it's too much. there is no coin that has such an opportunity. even some projects that are supported by Microsoft companies have also not managed to compete in the market. we'll see what happens next year after Libra is released and traded.

[meysonYo]

I think so, with backups of large companies like Facebook we can already imagine how strong the coin market is, the hype will occur,
many Facebook users might try it, I hate to admit that Libra might be a great competitor to Bitcoin

maybe indeed there will be growth and even renewal in the crypto market, but to refer to Libra coins as a competitor of bitcoin, I think it's too much. there is no coin that has such an opportunity. even some projects that are supported by Microsoft companies have also not managed to compete in the market. we'll see what happens next year after Libra is released and traded.

Libra will in any case be a popular altcoin, as there are a lot of Facebook users, and virtually everyone will be able to face the use of their blockchain in the future. And most importantly, it will increase the popularity of the entire cryptocurrency in the future.

[ILScoin]

It's not possible for it to topple bitcoin over bitcoin spot,  it might just be around the top 10 coin on coinmarketcap, or probably top 20

[Mahanton]

The Facebook cryptocurrency coin Libra is now the talk in the cryptocurrency market, people says it will take over bitcoin soon.
But to me is that going to be possible, I took bitcoin years to reach were it is now and as the best coin in market and the first cryptocurrency its not that possible.
Lots of coin wit great ambitions have come knocking to take over from bitcoin but non could.
Will Libra be able to do so?

Definitely NO!

This had been always the target of most shitcoins in the market where taking the top position and making much more better than bitcoin but look at
the current rankings?No one would able to beat em up and how much more for a centralized Libra coin would do?

[izanagi narukami]

People are speculating and when they heard FB , such a big company want to create their own crypto.

And BOOM.... the BTC value increase , it's reasonable when something big can affect the market globally.
And about your Q, it may possible so prepare for the worst

[Fundamentals Of]

Do not compare Libra over Bitcoin. That is like comparing Bitcoin with kardashiancoin, or trumpcoin with Bitcoin. That is, in all honesty, a stupid comparison. Libra is even having a hard time getting accepted by the crypto fans and supporters. Bitcoin on the other hand did not have to go through unnecessary hype to get accepted by the people.

[asriloni]

I think so, with backups of large companies like Facebook we can already imagine how strong the coin market is, the hype will occur,
many Facebook users might try it, I hate to admit that Libra might be a great competitor to Bitcoin

maybe indeed there will be growth and even renewal in the crypto market, but to refer to Libra coins as a competitor of bitcoin, I think it's too much. there is no coin that has such an opportunity. even some projects that are supported by Microsoft companies have also not managed to compete in the market. we'll see what happens next year after Libra is released and traded.

Libra will in any case be a popular altcoin, as there are a lot of Facebook users, and virtually everyone will be able to face the use of their blockchain in the future. And most importantly, it will increase the popularity of the entire cryptocurrency in the future.

Libra will become a popular coin caused by facebook and no more but you should remember about a lot of people are being concerned with the status of libra coin that can be called as a centralized coin which controlled by facebook as its parent company. Libra will not give a lot of impact to the price but that can be a free advertisement.

[imstillthebest]

over bitcoin ? lol you must be joking  . no coin can beat bitcoin . with over 10 years of existence we see that bitcoin is still the number one leading coin among hundreds and thousands of crypto coins in the market today.  

and you also forget the fact that libra coin is only a centralized coin  so as a centralized coin its real competitors should also be centralized coins such usdt not bitcoin because bitcoin is a fully decentralized coin with no backing whatsoever   .

[RealMalatesta]

indeed there are a lot of speculations about Libra who will take the Bitcoin position but I believe it won't be as easy as talking about people, especially Libra as a new project. If indeed Libra has advantages that are not available in Bitcoin it can happen but it also takes time because bitcoin cannot be lost that easily

Too much expectations can be frustrating in the end, that's how I view the ideas about libra coin. Don't trust too much on new coins, because it has not yet established same with bitcoin and the current impressions cannot beat over bitcoin. Bitcoin holders remained stronger instead of thinking of another crypto diversion.

I foresee those who are expecting so much from Facebook coin get disappointed, and I see this being anther project of Facebook that will fail woefully, this is not the first time Facebook will be coming with the idea of something relation to digital payment, the last one they came up with some years back was being short down as they could not manage it or maybe because they didn’t get much response from people.

I do not see any spectacular solution that these Libra is bringing into the crypto space, the hype is just too much, and don’t think the product will really get much usage and it is based around centralization. Some people believe so much in this coin to the extent of believing it will not be a stable coin, and price will move along with bitcoin and Ethereum, anyway, I wish them best of luck in their future disappointment.

[quality.crypto]

The most important hype about Libra coin for me is its connection with Facebook and its ability to on board over two billion users to cryptocurrency. Its simply the global adoption. Otherwise, its just another stable coin like tether or pax

According to the speculation, we are hearing the Libra is going to be a stable coin and more important thing it is going to global with the highest user base. So how far it is going to change the cryptocurrency we have to wait and see because many institutions are talking negatively about it.

[SixFigures]

Which institutions are negatively talking about it? They are partnering with plenty of institutions right from the start. Please back that up with a source where you found that information.

[NathanJB]

Very far from reality. The truth is that Libra might even find it very hard to launch. The governments are very hard on its release. Bitcoin does not have a person behind it, except the pseudonym Satoshi Nakamoto. Facebook's Libra has Mark Zuckerberg. The governments are now asking Facebook to put off the development. If Zuckerberg will not listen to them, they will definitely move heaven and earth to pin him down. The banks and their puppet government do not play fair. For me, Bitcoin is still the safest and most trusted of all.

[MiF]

Very far from reality. The truth is that Libra might even find it very hard to launch. The governments are very hard on its release. Bitcoin does not have a person behind it, except the pseudonym Satoshi Nakamoto. Facebook's Libra has Mark Zuckerberg. The governments are now asking Facebook to put off the development. If Zuckerberg will not listen to them, they will definitely move heaven and earth to pin him down. The banks and their puppet government do not play fair. For me, Bitcoin is still the safest and most trusted of all.

This situation could be considered controversial against facebook libra coin, and yet they didn't even undergo any promotional event that will show it's usability. I think the government has major part on the scrutiny of what's behind of this project. Bitcoin will not be shaken because of this circumstances, but it's important to know what's the outcome of this matter. Speculative ideas against bitcoin will not be taken over by libra, because the government has taking legal actions towards them.

[NathanJB]

Very far from reality. The truth is that Libra might even find it very hard to launch. The governments are very hard on its release. Bitcoin does not have a person behind it, except the pseudonym Satoshi Nakamoto. Facebook's Libra has Mark Zuckerberg. The governments are now asking Facebook to put off the development. If Zuckerberg will not listen to them, they will definitely move heaven and earth to pin him down. The banks and their puppet government do not play fair. For me, Bitcoin is still the safest and most trusted of all.

This situation could be considered controversial against facebook libra coin, and yet they didn't even undergo any promotional event that will show it's usability. I think the government has major part on the scrutiny of what's behind of this project. Bitcoin will not be shaken because of this circumstances, but it's important to know what's the outcome of this matter. Speculative ideas against bitcoin will not be taken over by libra, because the government has taking legal actions towards them.

The governments are not only part of the scrutiny; they are leading it. The scrutiny coming from the crypto world is rather technical. The world of crypto is a welcoming world for as long as the project has a great purpose. The government is rather inimical to crypto projects so their scrutiny is expected to be a little subjective. Also, Facebook cannot simply attach its name to anonymity, which is another inherent feature of cryptocurrency. Libra then is hard to be accepted as a crypto because its mother Facebook has been holding huge amount of personal data.

[Ekyfitri]

I believe nothing is impossible in the crypto market. but this supposition is totally absurd. we have to think realistically where bitcoin and libra will be assets that have their respective functions of course they will not kill each other or overtake each other.
we have to see how later support from big companies can manage their crypto. see later if it's already on the market.

[sijonru]

The most important hype about Libra coin for me is its connection with Facebook and its ability to on board over two billion users to cryptocurrency. Its simply the global adoption. Otherwise, its just another stable coin like tether or pax

That's right, Libra coins are interesting to discuss because they are owned by Facebook's king of social media. But whether the price of Libra coins will be as expensive as bitcoin or not, certainly not an easy problem because bitcoin has long been entrenched and is a driver of price fluctuations in cryptocurrency.
If Libra coin wants to compete with bitcoin, of course it requires a very large capitalization so that the trade happens very quickly and the rising prices will increase by the large demand for Libra coins until the supply is insufficient.

[Zamoh]

The most important hype about Libra coin for me is its connection with Facebook and its ability to on board over two billion users to cryptocurrency. Its simply the global adoption. Otherwise, its just another stable coin like tether or pax

That's right, Libra coins are interesting to discuss because they are owned by Facebook's king of social media. But whether the price of Libra coins will be as expensive as bitcoin or not, certainly not an easy problem because bitcoin has long been entrenched and is a driver of price fluctuations in cryptocurrency.
If Libra coin wants to compete with bitcoin, of course it requires a very large capitalization so that the trade happens very quickly and the rising prices will increase by the large demand for Libra coins until the supply is insufficient.

I am more than confident that the price of libra will not be able to increase the price of bitcoin. It is possible to approach Bitcoin capitalization, but not to the price. Whether you like it or not, Bitcoin will still remain the most valuable currency and the most popular in the cryptocurrency world. A lot of currency has come to replace gold, but nevertheless gold is known and bought today.