Facebook coin is not a threat for Bitcoin

[Mr Zet]

Facebook coin (Libra) was never going to compete with bitcoin  because it's a stable coin. It will take much more than just this to unsit bitcoin

Indeed, a stable coin can't compete to a coin that can move up high easily and beside from being a stable coin Facebook coin is centralized and right now they are facing a big pressure from the US Government so investors will have doubt now if its continues to become a problem. Adoption with cryptocurrency is good, more companies will go and compete with each other but they can't create a threat to bitcoin because its a strong coin and many investors will backed up bitcoin.

Right, I think that Libra is not any danger to Bitcoin. This is something completely different, but I think that (maybe) thanks to Libra, some of the toppest brands like Visa, PayPal or Mastercard etc. will support the platforms where you can buy Bitcoin like for example buycoinnow. That would be great if Libra were the beginning of a "buying revolution" in the cryptocurrency world

I'm afraid it might not help in this case. Visa and Mastercard are already partners of Libra, which might suggests that when this coin will finally become  a thing, there will be an option to buy it via credit card. But, it all will be possible through Facebook infrastructure. It might not influence BTC in any way. But it doesn't mean that services like buycoinnow won't develop (I wish the best for them) - it's just not depend on Libra success.

[bhabygrim]

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 don't even think of it as a threat for Bitcoin because it isn't something that could compete against Bitcoin.
The great thing about facebook coin is that it would bring us more people in the crypto industry .
People would first choose it since it is what they think that is secure then after a couple of studying crypto they would surely jump over into Bitcoin.

[TastyChillySauce00]

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 don't even think of it as a threat for Bitcoin because it isn't something that could compete against Bitcoin.
The great thing about facebook coin is that it would bring us more people in the crypto industry .
People would first choose it since it is what they think that is secure then after a couple of studying crypto they would surely jump over into Bitcoin.

Well, after the recent news about Libra surfacing to the internet it kinda attract more people and makes people seek knowledge about cryptocurrency and blockchain and that's not a bad thing in my opinion. However I doubt that people who already get used to such centralized coin issued under a company will move to decentralized things that easily, they will always afraid of changes.

[Gibreil]

Upon introducing of Libra, Facebook said that it is not designed to kill or compete with Bitcoin. According to David Marcus, BTC is an investment asset while Libra is a stable medium of exchange. He also differentiated this two, he said that libra is good for payment purposes while bitcoin is a vehicle for long term investment. Let's see how people use this according to its purposes.

[gwdf1]

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.

Bit coins are currently successful in the market. And Facebook is successful on their social side. So I do not think there is any comparison with the other. So one platform can never get overnight in other platform. If the Facebook comes in the market and they will take a lot of time. To go to a place like Bitcoin.

Facebook is going to launch a stable coin. Moreover, the owners of this coin will share with Facebook all personal data. Bitcoin is anonymous, therefore if someone needs anonymity, Libra is definitely not for him.

[Irvinn]

in any case, users of social networks are not the people who are worried about the anonymity of their identity.  By the end, because of this, I who will use the libra will not raise the appropriate question.  in any case, we will see results in the near future, Although the communities of those users who have gathered under the auspices of libra are very large.

[Prompyboo]

in any case, users of social networks are not the people who are worried about the anonymity of their identity.  By the end, because of this, I who will use the libra will not raise the appropriate question.  in any case, we will see results in the near future, Although the communities of those users who have gathered under the auspices of libra are very large.

these communities have no relations with cryptocurrency. they are just users of social networks. they play no role in such questions

[Baihaki Khaizan]

to exceed the price of bitcoin I think it's difficult to happen now. Libra is a newcomer who is very enthusiastic about talking about people, and this is in my opinion a fantastic future project owned by Facebook. Hopefully Libra can really compete with other coins and gain trust in the community.

[Koobtcgal]

I believe this as well because if you are establishing a stable kind of coin, you are only doing so to help people to hold their crypto in a stable form in case the fluctuation is too high for one to bear. Most importantly, facebook is a notable community that will help the mainstream get into crypto bringing the new world adoption.

[dabenko]

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.

People have only been saying what they liked and have only made their opinions known despite not reading the whitepaper of the Facebook coin (Libra coin).
I think the white paper is out already and we all need to take a look at it in order to confirm the information that anyone might have given us.

[Distinctin]

If Libra coin is stable like Tether, never threat to Bitcoin. Libra coin will support cryptocurrency volume by engaging more big investors.

Libra is indeed a stable coin.

It's confirmed in this news - https://cointelegraph.com/news/libra-project-facebook-stablecoin-aims-to-conquer-online-payments-market-reports-suggest

[basicnecromancycr]

I couldn't understand this from the beginning. Why the hack is Facebook coin going to be a threat for Bitcoin? There are extremely many coins out there and some of them have great ideas or working applications which are handy but they live in peace with Bitcoin.

[Ioann11]

Of course, the libra has many prospects; this coin will have a serious rise! But Bitcoin is the first krypovalyuta, and no one will win, even for the sake of respect for Bitcoin. This is purely my opinion! I wish you good luck friends!

[shoreno]

Of course, the libra has many prospects; this coin will have a serious rise! But Bitcoin is the first krypovalyuta, and no one will win, even for the sake of respect for Bitcoin. This is purely my opinion! I wish you good luck friends!

rise ? no it wont rise because i heard this coin was a stable coin just like usdt which means its value will only  remain at 1usd but its market cap can rise if ever this coin will become indemand  .

Bitcoin is the first krypovalyuta

what the f is krypovalyuta means ? is that a new word ? i will try to search and google this word later . edit : google dont have any reults for this word.

fb's coin libra is not in a competition . its just facebook created this coin because they do not have thier own payment currency yet  . its also not in a competition to btc because like i said earlier , libra coin was a stable coin  .

[rdewilde]

There is apparently no coin that can be a threat to Bitcoin. Bitcoin is the true definition of decentralization and till date still stand as the best decentralized blockchain. Many coins have entered in this space with the mindset of beating Bitcoin yet none has been able to beat ETH in the long run let alone Bitcoin.
The truth is, majority has seen the potentials within Bitcoin and have understood its long term viability thus sticking with it. Facebook coin on the other is yet to launch and feel what it means to survive amidst challenges so I wonder how it will be a threat to a coin (Bitcoin) which has survived for long and keeps growing.

[Dontme]

Facebook`s Libra really are not a threat to bitcoin because they function differently, also base on my observation, Libra one of the factor why the price of bitcoin is skyracketing. Since libra became a trend, bitcoin`s price started to rise.

[kaka manteng]

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.

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 ... so it has not been proven ... but different from BITCOIN that has been proven and known throughout the world and there have been a lot of issues about a coin that wants to rival and blame Bitcoin ... but finally no one has managed to compete with bitcoin ... so Facebook is not a threat to bitcoin ...

[tranduong123]

Libra is not a threat to Bitcoin but it is a threat to all Facebook users
Facebook will increasingly gather more information about its users thanks to Libra

[baundul]

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.

[maydna]

Who said that facebook coin is threat for bitcoin???
It will not possible..  we are just talking but this is not true..no one will be the threat  for bitcoin.. dnt worry

Some people believe that because they see that Facebook is managed by a strong team, and they see the facebook coin can beat bitcoin. But to be honest, it will difficult for the facebook coin to compete with bitcoin as bitcoin is the leader of the cryptocurrency and besides that, the facebook coin will need to prove to the public that their project is worth to invest. Many people still believe in bitcoin because bitcoin is unbeatable until now, and they don't think that facebook coin can compete with the strong altcoin list in the coinmarketcap.