Facebook launching libracoin, what happen will 2020?

[andrearz]

the most obvious is that the crypto system will be used by many companies and this will have an impact on increasing the price of Bitcoin or Altcoin but this will also have a negative impact on conventional currencies because there will be many people who leave the payment system.

[Cryptrx]

Next year will be a massive year for cryptocurrency, with Libra launching, it will attract a lot of first time investors. It will go a long way to promote crypto in general.

[Caladonian]

the most obvious is that the crypto system will be used by many companies and this will have an impact on increasing the price of Bitcoin or Altcoin but this will also have a negative impact on conventional currencies because there will be many people who leave the payment system.

That's one of those good impact as crypto will be acknowledge and will be adopted in many countries since businesses already joined the run, it will helps crypto Industry being known and get more interest from those people who first doubt from this industry, with FB joining together with it's partner businesses there would be a big changes that will happen especially if more people will choose using the new system than the traditional payment process.

[Atang Sulaeman]

in my opinion this is only to enliven crypto or complementary, and so that people who do not know about crypto become aware,
and for influence on bitcoin will not mean big, for example this week with a lot of news about facebook coins raising the price of bitcoin.

[Folajuwon56]

Nothing much is going to happen in 2020 aside what's already happening. LIBRA coin will remain LIBRA coin and Bitcoin will remain Bitcoin and also the number one coin of this generation.

[timmmers]

Facebook with Libra coin could bring more users to the cryptocurrency world because it will become cool to use cryptocurrencies and what is better? Libra speculates about creating wallet that will support also Bitcoin! 

[Kulkhan]

I Think It Is Positive News For Us. Facebook is Trusted organization. When Facebook launch a cryptocurrency then Cryptocurrency Market will be More Trasted for Traders and investors. So i think that Facebooks cryptocurrency Libra will Come and This market will be More Trasted For all.                   

[4rzun4]

I think this news has become the most interesting in recent weeks, namely Libra. In general, there has been news that this coin will become popular, because Facebook is the main character of this new project. We'll wait for next year 2020, if it is popular like Bitcoin it means success and success. Be patient for that.

[diazepam666]

Why this much craze for Facebook coin? I can see many people sharing this libro coin information over telegram WhatsApp and this forum as well. If we need to invest on Bitcoin we may ask the doubt.but asking about untrustworthy coin and which gonna vanish the decentralized cryptomarket is not worth.

[Shatterlean22]

Crypto future keeps getting better and better ,since Libra coin is coming in 2020 im excited to see what impact it will being to crypto space since bitcoin halving will also happen in 2020 ,can't wait

[yvesp110]

We'll see what will happen later. Now a lot of information about Libra Coin. Of course I am very much awaiting the arrival of Libra Coin launched by Facebook.

Yes I think that we do not have enough information so far to decide if Bitcoin would be outshined by Libra or if Libra would be the king of the crypto. We have just limited information and on the basis of the information available, I can say that Libra is going to be a best addition into the crypto market and that it will attract more people to invest for their convenience and international transactions.

[bigcash2011]

For me i see 2020 as the biggest year for the crypto markets, libra will also have explosively positive effect on the adoption and mainstreaming of crypto, i think 2020 will mark the start of not only the adoption but also the domination of crypto all around the world.

[bennguyen]

For me i see 2020 as the biggest year for the crypto markets, libra will also have explosively positive effect on the adoption and mainstreaming of crypto, i think 2020 will mark the start of not only the adoption but also the domination of crypto all around the world.

Yes, it's a very important news for the Crypto market, when the whole world knows about the existence of Cryptocurrency. Let's wait and see what happens.

[Samboo]

I am also very optimistic about Libra coin that Facebook is planning to issue. Many people have put their different views about Libra coin, some positive and some negative.
But my opinion is issuance of the coin will help cryptocurrency to be adopted widely. Its impact will be on the crypto market there is no doubt.

[Question123]

Because of the Facebook have billions of the users in the entire world and even a child,  teenager and older peopel are using Facebook and that's I think why the Libra coin can become popular just our king. If the Libra coin launch in 2020 the effects we really know that even we are thingking they have good news because it help to grow the crypto community but we do not know what is the bad side effects of launching this coin.

[Apes]

even though libra is a stable coin I am very worried about its existence which can damage the btc or alt ecosystem.
currently there is no announcement from Libra developers about the use in the long term. and because Libra did not make an announcement on this forum, I consider Libra not from this part of our community.

[bitgolden]

Recently I saw a news about Facebook crypto. Facebook Authorities saying that, they launching a new virtual currency called Libra. I heard libracoin will release in first half 2020. I think, it is very big news for crypto revulation in whole world. Once a time facebook was not support crypto/virtual currency but now they launching their own currency. Many people says Libra project will help crypto globalization and developing bitcoin and other coin centralization. Many people thinking, Libracoin will very popular like as bitcoin.

Well, this is not a new news again, as you can see that we have loads of topics for the past few days now that has covered this news fully, and we have all given our own opinion in one way or the other as regards the intending release of Facebook coin. First I will say it is a good new, and at the same time, it looks like sad news to be.

Good news is that it will open the eyes of a whole lot of people into the cryptocurrency industry, and adoption rate for cryptocurrency would increase which we might be lucky enough to have bitcoin get more of the newbies that will get exposed to cryptocurrency if the other thing I am thinking of this coin would not be true, which I see as sad news.

The sad news is that people will fall for this coin, and I am suspecting that the government is just trying to use Facebook as a tool to manipulate the cryptocurrency industry by creating a centralized coin they can have control on and be free to monitor.

[sana54210]

2. The U.S. government has asked facebook to halt all developments of the coin until they've had a chance to look further into it.

This is just a small hurdle for facebook and I think they can overcome this. If Libra continues, it is a big exposure for cryptocurrency and blockchain. Hopefully, this will also have a positive effect on adoption to bitcoin.

And what is the source of the claim the mate you relied to have, because I never read anywhere that says government asked Facebook to halt their operations, prior to the time Facebook officially announced the coin and even released their whitepaper, there has been so many rumors as regards the Facebook coin, and at that point was where Facebook was called to clarify their intention on the proposed cryptocurrency which I believe they must have sorted out.

No one wants to ever have issue with the United State government as a citizen, and we all know that is where Facebook operates from, and for Facebook to have still come out openly to announce their Libra coin, then they must have definitely sorted out things with the government.

[Nawrod]

It's hard to tell how exactly Libra will influence the market, cause we still don't know how exactly this coin will look like. But I think it won't be similar to Bitcoin after all (here you have an article about differences between them) and it won't be threat for cryptocurrencies after all.

[enhu]

2. The U.S. government has asked facebook to halt all developments of the coin until they've had a chance to look further into it.

This is just a small hurdle for facebook and I think they can overcome this. If Libra continues, it is a big exposure for cryptocurrency and blockchain. Hopefully, this will also have a positive effect on adoption to bitcoin.

And what is the source of the claim the mate you relied to have, because I never read anywhere that says government asked Facebook to halt their operations, prior to the time Facebook officially announced the coin and even released their whitepaper, there has been so many rumors as regards the Facebook coin, and at that point was where Facebook was called to clarify their intention on the proposed cryptocurrency which I believe they must have sorted out.

No one wants to ever have issue with the United State government as a citizen, and we all know that is where Facebook operates from, and for Facebook to have still come out openly to announce their Libra coin, then they must have definitely sorted out things with the government.

I think I have also heard about that news. Its not being halted, its being opposed until such regulation to cryptocurrency is passed. Facebook about to release their project Libra will pressure the government to finally pass such law. They had been delaying all these that ETF was one of the reason for some group to manipulate the price. The regulations has to really be cleared this time.