Libra coin over Bitcoin is that possible?

[moonblocks]

Facebook's cryptocurrency is not a direct competitor to Bitcoin because it is a stablecoin that's designed specifically for transacting within that platform and its vendors and it will be not be considered a store of value that you can invest into for the long term

[ophyrim]

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?

No way man, who is saying that Libra will take over bitcoin. BTC is not just a coin, it is a technology and also the future form of the money.

[vixcious]

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?

I think they need a lot of time to get to the bar with Bitcoin. Although it has a lot of great partners and experienced in the market, but when participating in new markets, they need time to adapt and develop.
Libra is really a great token and it has long-term investment value. I believe they will defeat many of the top 10 CMC competitors in 2022 or 2023.

[joshy23]

Facebook's cryptocurrency is not a direct competitor to Bitcoin because it is a stablecoin that's designed specifically for transacting within that platform and its vendors and it will be not be considered a store of value that you can invest into for the long term

Who knows if to what extent this coin can go, we are all speculating to whatever the real purposes of this new project,  only time can tell if this will work as competitors or just another stable one that will be here to be personally use inside the site and will not be affected by any market movements.

[samuraijin]

So, is it a problem if Facebook launches it, what if Google launches a similar thing, will it be the same discussion in this forum, I don't think it's possible that it will go above Bitcoin
the bitcoin community is quite large so I'm not sure that happens even bitcoin needs a lot of time to be known by all people, it could be that LIBRA will compete with google if they launch the same thing with facebook

[danherbias07]

In dreams.

Have you seen Tether now?
There is not much they could offer after their hype like a year or couple of years ago.
When people suddenly see there is nothing into it but just mere bank-like coin then they got out.
Now it is just being used by traders for pairs in trading btc or eth.

It is not the investment type of a coin. Still USD online version.

[MrPiggles]

So, is it a problem if Facebook launches it, what if Google launches a similar thing, will it be the same discussion in this forum, I don't think it's possible that it will go above Bitcoin
the bitcoin community is quite large so I'm not sure that happens even bitcoin needs a lot of time to be known by all people, it could be that LIBRA will compete with google if they launch the same thing with facebook

I think Libra still hasn't got any signs of being able to compete with Bitcoin in the future because it's all just theory now and there hasn't been any action from Facebook. Now it is still too early to say this but if it relates to this market, Bitcoin is always the number one and not every coin has a chance to beat this coin so Libra is just altcoin and will not there are many differences in this era

[barlo357]

I think if Libra coin wants to compete with bitcoin, it should have the ability to compete in the markets because that is the huge advantage that bitcoin has. But moreover, it still can become a win-win condition for both sides.

[cepot9]

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

[Cheesus]

No, it's not. Libra is nothing than another centralized stable coin. Blockchain is a beyond time technology, day by day the world will realize and they will adopt Blockchain! And, Facebook will use this great technology for their Libra coin, that's it. There is no comparison between BTC and Libra! Who says Libra will overtake Bitcoin, they are fudders or die-hard facebook fan!

[nowlscor18]

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.

[X-ray]

So, is it a problem if Facebook launches it, what if Google launches a similar thing, will it be the same discussion in this forum, I don't think it's possible that it will go above Bitcoin
the bitcoin community is quite large so I'm not sure that happens even bitcoin needs a lot of time to be known by all people, it could be that LIBRA will compete with google if they launch the same thing with facebook

Google will definitely look for another field. But remember about libra gets paused by facebook and i thought the launch of libra coin next year will be cancelled.
But libra is launched by a company that already known as the biggest company in the world.
It's not compete with bitcoin but it can replace the utility of bitcoin to be the payment system.

[ginobitcoiner]

Bitcoin and libra cannot be said to be rivals, which I know that Libra will be a stable coin which is actually very different from the characteristics of Bitcoin which has very high price volatility.

[cak imin]

why do you have to speculate like that, even with coins that have not been launched on the market. bitcoin will still be the best, if there are new coins that overtake it I think it is an impossibility.

[HichemFetoui]

i think libra coin can succeed and has more chance to succeed in the future than bitcoin facebook instagram and twitter have more users and more chances to be successful in the future than bitcoin good luck for all

[Snaic]

i think libra coin can succeed and has more chance to succeed in the future than bitcoin facebook instagram and twitter have more users and more chances to be successful in the future than bitcoin good luck for all

everything will depend on what functions the new project will have.  What does he provide for users of social networks.  If it really is a coin for transferring funds or for online purchases, then in reality the audience of social networks is much more than Bitcoin users.

[andibongkol]

i think libra coin can succeed and has more chance to succeed in the future than bitcoin facebook instagram and twitter have more users and more chances to be successful in the future than bitcoin good luck for all

can not be predicted that Libra will pass bitcoin later because Libra not yet proof self in the crypto market although Libra has many communities on Facebook and not necessarily all Facebook users know about Crypto so in my opinion it is impossible for Libra to compete with bitcoin in the crypto market

[SixFigures]

i think libra coin can succeed and has more chance to succeed in the future than bitcoin facebook instagram and twitter have more users and more chances to be successful in the future than bitcoin good luck for all

can not be predicted that Libra will pass bitcoin later because Libra not yet proof self in the crypto market although Libra has many communities on Facebook and not necessarily all Facebook users know about Crypto so in my opinion it is impossible for Libra to compete with bitcoin in the crypto market

I don't even understand how Libra is supposed to pass bitcoin. Do you mean in market cap? Or what else? There is no point in comparing the two to each other.

[Cnut237]

It seems weird to say it but I kind of think that governments might prefer bitcoin over evil data-vampire coin Libra.

Everyone is getting wary of Facebook having so much power. I would think that if crypto starts to take over from fiat, and the two choices are a) decentralised, or b) hand over control of everything to Facebook, then bitcoin might be preferred.

The counterpoint I suppose being that Facebook can always be taken to court, whereas bitcoin cannot. So Facebook is theoretically accountable, although in practice they have shown little evidence of accountability over their history so far.

Libra taking over BTC might be possible, but it's certainly not desirable.

[omonuyak]

Facebook's cryptocurrency is not a direct competitor to Bitcoin because it is a stablecoin that's designed specifically for transacting within that platform and its vendors and it will be not be considered a store of value that you can invest into for the long term

Many people that argue about libra or Facebook coin and Bitcoin are not really looking at it from stablecoin and decentralized coin but are comparing the two to make it seem there are in competitions. Facebook coin is going to complete with coins like usdt, tether or usdpal and bitcoin is going to still performed well because traders will still prefer it to libra or any of the stablecoins.