Facebook coin is not a threat for Bitcoin

[Prompyboo]

Any new coins in the market is not a threat to Bitcoin. Bitcoin has its own distinctive characteristics. The new coins will enter the market with its own distinctive features. Look at the market, as soon as Facebook declares its coins, Bitcoin prices have reached an upward trend. Imagine, Libra market will actually increase the price of Bitcoin again.

I think that the rise in the price of Bitcoin has nothing in relation to the emergence of Libra. I think this is a simple manipulation that is used by major players. New coins can not influence on the Bitcoin. that's how I think

[gunhell16]

Facebook coin or should we say LIBRA will never be a threat for bitcoin.
IT is a bog support for BTC and the cryptocurrency.
The movement is getting better and with LIBRA, there will be a huge acceptance.

[cherryganda]

LIBRA COIN is the one of the biggest and strongest support for BITCOIN and the community of cryptocurrency.
It is not a threat, it is a great support that will open so many eyes of people and countries to start doing and accepting crypto.

[xephireusMMX]

LIBRA COIN is the one of the biggest and strongest support for BITCOIN and the community of cryptocurrency.
It is not a threat, it is a great support that will open so many eyes of people and countries to start doing and accepting crypto.

Facebook benefits the cryptocurrency and its own company. A Facebook coin is sure to do nothing for Bitcoin

[Findingnemo]

Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.

Just a thread to coin like USDT and people who consider cypto currency as an investment will not hold any libra coin but they can claim they they are more secured but centralized system is completely against the crypto currency.

[SoundMoney19]

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

[tins]

Facebook is having a lot of trouble since officially announcing its own currency, and the details of this currency have not been released yet. So now I will not compare it to Bitcoin or can pass Bitcoin...

[hamster fat]

For sure facebook coin isn't a threat, because it is just stable coin and bitcoin fans will never ever try facebook coin even just for fun

[mr_random]

The biggest threat against Bitcoin is the centralisation and it will be a huge barrier for the development of crypto industry. After the introduced Facebook coin, conditions are changed badly but it only offered one advantage to the cryptocurrencies: Faster mass adoption.

[Soots]

Don't think of negativities on new upcoming coin of facebook, we're being paranoid all over current speculations. Just let it go and let libra do their part as a team, because in crypto freedom is the great way to express how people really trust a certain decentralized currency. The future can decide, and if some would prefer to say this coins could be a threat then so be it.
Bitcoin is a stablished cryptocurrency, I don't think facebook coin can do the history of using bitcoin to buy a pizza hut. Reality will open your mind, don't trust quickly that's very important.

[Gaggy185]

Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.

I think the Libracoin is different from the Bitcoin so that the appearance of Libracoin will help the cryptocurrency market improve and recover in the future. Libracoin is the lever, attract the other company to release coins in this market.

[PuertoLibre]

Facebook coin or should we say LIBRA will never be a threat for bitcoin.
IT is a bog support for BTC and the cryptocurrency.
The movement is getting better and with LIBRA, there will be a huge acceptance.

It will surely increase the awareness but Facebook as a social media can use its power for centralising the whole crypto market. Traders will use the alternative stable coins instead of Libra coin. In my opinion, the advantages of Libra will not surpass the value of Tether.

[joinfree]

I have never had it in my slightest imagination that Facebook coin was ever a threat to Bitcoin. Facebook coin might have the hype and the publicity but i bet if crypto investors would invest into such a cryptocurrency. Most altcoins usually end up as a useless coin and facebook coin could be on the list. Investing into BTC has always been the best choice.

[Rana590]

Day by day many coins are listing but bitcoin will be unbeatable. It is the world's best popular crypto currency. Facebook coin won't be able to beat bitcoin. I am also thinking that Facebook coin libra will be a stable coin where bitcoin is not.

[BigBrother]

I don't think this coin ever posed any threat to bitcoin. Even if it was not stable, bitcoin would not be affected. Still, everyone would also continue to buy bitcoin.

[Aryleeto]

Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.

I do not think all the coins that are issued after bitcoin are altcoins , and it is unlikely that they will be able to replace bitcoin , but a worthy place in capitalization can take!

[Loedong]

as far as I know, until now there are no other altcoins that are a bitcoin threat. bitcoin is still a bitcoin, it cannot be compared with Facebook coins. then how can you speculate that Facebook coins are a threat to bitcoin? while they are still new and not even released in the public. I think if later Facebook coins appear more influential on user adoption.

[klaaas]

very agree ... because facebook coin has never been in circulation and in any market ... so we have never known how the durability and strength of the coin ...

Facebook credits is pegged to fiat currencies and the ultra rich providing the bags of cash. Sure it will be strong enough as long as the node gang wants.

[Twinkledoe]

very agree ... because facebook coin has never been in circulation and in any market ... so we have never known how the durability and strength of the coin ...

Facebook credits is pegged to fiat currencies and the ultra rich providing the bags of cash. Sure it will be strong enough as long as the node gang wants.

FB coin will never be a threat to bitcoin. If users will only be educated about the differences of libra vs. bitcoin, I bet in the end, they will choose bitcoin. Who would want to expose their identity to these big companies that are in partnerships with libra coin? I sincerely think that those partners will have access to most of the financial transactions of their users. Privacy is at stake with this coin.

[Distinctin]

as far as I know, until now there are no other altcoins that are a bitcoin threat. bitcoin is still a bitcoin, it cannot be compared with Facebook coins. then how can you speculate that Facebook coins are a threat to bitcoin? while they are still new and not even released in the public. I think if later Facebook coins appear more influential on user adoption.

But I think it won't be that influential. Though we can't say that Facebook coin is a threat for Bitcoin but it possibly be considered as a competitive coin in the future. We know how Facebook itself known to everybody and some instances that people will choose this base on popularity. ut taking into the account of being a threat with BTC, I've never seen it.