The difference between the Facebook platform "LIBRA" and Bitcoin

[Woodie]

The success of libra will benefit bitcoin more as it has a head start in this ecosystem and knowing the reach facebook has... they need a legal team to visit most parts of the world to have a memorandum of understanding for its use in the different jurisdictions.

[killiankyc]

Can the launch of cryptocurrency Facebook can be a factor for the growth of Bitcoin? It is not excluded, since investments mainly in large currencies are made using Bitcoin. And I think Facebook is no exception.

[FlightyPouch]

Can the launch of cryptocurrency Facebook can be a factor for the growth of Bitcoin? It is not excluded, since investments mainly in large currencies are made using Bitcoin. And I think Facebook is no exception.

The reason a lot of crypto currencies existed is because bitcoin existed. Without bitcoin and the Blockchain technology, crypto currency is not possible. That is the same with the coin which will be released by Facebook but it is not made using bitcoin. As far as I know, Libra is not that decentralized as bitcoin so in terms of that, I will always choose bitcoin.

[gustavung]

When such large companies as Facebook enter the cryptocurrency market, it stimulates the interest of users who have not previously used crypt, but want to invest in the project

[lucyfermornin]

When such large companies as Facebook enter the cryptocurrency market, it stimulates the interest of users who have not previously used crypt, but want to invest in the project

The new wave of investors can not only improve the situation on the market, but also serve as a trigger for mass attacks on wallets and stock exchanges. Therefore, you should be even more attentive.

[dlanruei21]

The forecasts for the cost of Bitcoin that were made at the beginning of the year were not deceived. Bitcoin really almost took the position of 10,000 by mid-summer. In a place with the release of the libra koin, this can give an impetus for young people to start using cryptocurrency.

[derymakrt]

The forecasts for the cost of Bitcoin that were made at the beginning of the year were not deceived. Bitcoin really almost took the position of 10,000 by mid-summer. In a place with the release of the libra koin, this can give an impetus for young people to start using cryptocurrency.

If a large number of thousands of years begin to buy cryptocurrencies, it can be a problem both for the market and for profit. Many newbies do not study crypto investing, they want results. But immediately investing is short-sighted, it is better to get at least basic knowledge, for example, taklimakan offers educational articles. And only then try cryptocurrency. Since, like a sharp increase, we can expect a sharp decline due to the number of unsuccessful transactions on the part of beginning investors.

[spadormie]

When such large companies as Facebook enter the cryptocurrency market, it stimulates the interest of users who have not previously used crypt, but want to invest in the project

You're right. This serves as a boost for cryptocurrency to have many investors. All I know that Libra Coin is just for payment on other platforms(this includes facebook). Although it is given that it will stimulates investors, why don't we use paypal or any other payment methods? What edge makes facebook coin better than other methods?

[leonair]

So Libra coin would be like USDT then, I can't imagine how it'll happen on 2020 because Facebook have more than 2 billion users and even if not all of it uses the coin but the majority will surely uses it in the long run especially those FB live streamers. The good main point that I only seeing in this is that Mark Zuckerberg is entering the realm of cryptocurrency and it's automatically hyping and pumping the price of Bitcoin.