Facebook coin is not a threat for Bitcoin

[raidarksword]

A stable coin like libra is not likely a threat to bitcoin's throne on crypto currencies. Libra is centralized while bitcoin is decentralized that no one can govern or control things, so basically we don't want libra, we want bitcoin to still reign because that's crypto currency is all about. Libra is just making noise because it was advertised on mainstream media and everyone got hyped about because it was created by facebook but it doesn't matter, all still wants decentralized system.

[BrewMaster]

i honestly don't even understand what all the commotion is all about when it comes to this project by Facebook. people seem to have forgotten some of the ethos that bitcoin introduced to them such as being decentralized and cutting the middle man off! the way they are talking about Libra shows they don't either understand or care about these things.
in other words we shouldn't even discuss this thing in a bitcoin forum if you ask me.

[indrakusumaindra]

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.

Yes facebook coin libra will be much different compared with bitcoin and i dont think libra will become a competitor for bitcoin instead i do think libra will bring so much balance in crypto space and also will make market more bigger than right now.

[acroman08]

No launch, no threat.

I believe Libra will receive enough regulatory push-back to make Mark Zuckerburg and his friends in Silicon Valley stop.

I read in an article congress are requesting to pause the launch of Libra until the congress and regulators have fully examined it.
also there are some members of the congress are concern that facebook is becoming "too powerful".

[sri.bima]

Since the beginning of the news about Facebook coin (Libra) appeared, I did not agree if it would become a threat to Bitcoin. And for me it's a little impossible, how could that happen. If it becomes a threat to stable coins, maybe that is true. I know that many people are waiting for the launch and want to buy when they are registered in exchange, but that will not affect Bitcoin. And bitcoin will still be the king of crypto.

[Apes]

because libra is a stable coin, I assume that libra is limited to digital payments not purely cryptocurrency, even though the demand is high the price will not increase and will not threaten bitcoin. libra seems more feasible compare with alt but not with bitcoin.
in the digital payment environment Libra is believed to be in control because of its ability for multi payments but not in cryptocurrency global market.

[sehoon]

I also don't think that facebook coin is not yet going to be a threat to bitcoin. There is no other coin that can make a profit as fast as bitcoin since no coin can fluctuate like that. Even though Facebook aims that it will be used in a wider base, bitcoin still beats it in that aspect.

[kissme09]

While you are worried that Libra will negatively affect Bitcoin, Bitcoin's price has reached the price of $ 10k6. Don't worry because much of the information that Libra will be stable coin, so it's like USDT, is not a threat to Bitcoin. No need to worry because Bitcoin will always be the king of Cryptocurrency.

[poodle63]

While you are worried that Libra will negatively affect Bitcoin, Bitcoin's price has reached the price of $ 10k6. Don't worry because much of the information that Libra will be stable coin, so it's like USDT, is not a threat to Bitcoin. No need to worry because Bitcoin will always be the king of Cryptocurrency.

Kinda true although still potentially steal the money from bitcoin's market cap but it's exist as a means for saving anyway. People will still convert to BTC at the end of the day. I think that facebook is just trying to earn fortunes out of the transaction that's made daily. Just like any stablecoins existed.

[partysaurus]

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.

it was never a threat to bitcoin it was always suppose to be used for a completly diffrent thing then bitcoin, its more of a token then for storing value.

[irfan_pak10]

Probably. But if it's become regulated by different countries especially America and China, I believe it's going to rule out Bitcoin.

[ethereumhunter]

If facebook coin price will stable like USD, it is hard for the investor to search for profit. The investor will find the other coin which could give them a profit, and I am sure they will find from the other coins. The investor needs to analyze the other coins price so they can buy at a low price and sell at a high price. If the investor can get a coin which has a gap for the buy and sell price, they will be able to make a profit. I think if Facebook launches their coin at the market, it will give the traders to find more profit.

[Pipdips]

The Facebook crypto-currency is definitely a threat to all other crypto-currencies.

[Pamadar]

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.

it was never a threat to bitcoin it was always suppose to be used for a completly diffrent thing then bitcoin, its more of a token then for storing value.

It will completely different from how bitcoin was desired to be used, being stable and centralized will means that there's parties who will control this
project it will be best being used to cater FB users and those who are not really aware how crypto really works they should have different target audiences so it will not become a threat but another working partner to bring new players inside this industry.

[Pipdips]

The Facebook crypto-currency Libra seems like the biggest threat yet to emerge since Bitcoin started. I am not a fan of Facebook. I do not like the idea of Libra. Libra will cause too many problems. Libra is definitely un-friendly for the crypto-sphere and people here in all ways imaginable. Bitcoin is a disruption with healthy technological visions for the future. On the other hand, Libra is just a bunch of problems for everyone.

Libra was designed to take the fun out everything and cause problems. Libra has bad intentions.

[terencio]

I don't think Libra is a threat to Bitcoin despite the fact that Zuckerberg is behind this project. The community does not pay attention too much to Libra compare to Bitcoin right now and as for me, Bitcoin still better for long term investment.

[leonair]

Yes of course it's not, only those people who think FB coin is a threat for Bitcoin is not doing their researches right and over reacting to this issue.

When Facebook decided to create their own blockchain and coin I'm sure that they've seen a potential in this project and they'll not back down, it's good for cryptocurrency itself because a big social media platform will starting to use and innovate it.

[bitbunnny]

Probably. But if it's become regulated by different countries especially America and China, I believe it's going to rule out Bitcoin.

I don't think this is going to happen. Maybe Facebook has such ambitious but it's not very likely .
Although it's promoted like safe and and secure coin backed up with some real money and real money transactions I don't think this is enough for success and enough to attract users. So far Bitcoin isn't in any danger and I don't think this is going to change.

[abstractednerve]

we should call it a centralized online payment processor.

Yes, we should do it. Facebook is not a crypto coin, they will use the Blockchain Network, that's it! Facebook's Libra coin will be used as a payment procedure in Facebook's native apps! Though we don't have any official source for it, but I assume this will be the truth about the Libra coin!

 by the way, it has nothing to do with price and bitcoin is not an investment, if it were then its price would have tanked hard a long time ago just like how altcoins get dumped and never recover again since altcoins are purely for investment and have no other usages.

Every altcoin aren't for just investment, some altcoin has a very good technology and plan! They are working hard for the crypto mass adoption, we should appreciate that!

[Oilacris]

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.

Basic stuff.!

Why people try to tie up anything with Bitcoin?It wont really make any effect or do have threats to bitcoin.
Stable coin vs a volatile one does really have their own purpose or market.It do just depend on where people would
tend to use it up.