Bitcoin Will Still Rally, Driven by Libra Demand and Monetary Policy Easing

[putra goromo]

Bitcoin prices are still interesting to observe. This crypto currency continued to be relied upon and had penetrated US $ 13,700. This is the highest level in the last 17 months. However, at this time bitcoin prices are trading again at around US $ 12,600, down shortly after the Coinbase crypto currency site reportedly crashed.
The value of this digital currency has risen by more than 60% this month, and more than 230% every year to date. Bitcoin euphoria, lower prestige, other digital currencies, such as ethereum, which became the second largest crypto currency after bitcoin. According to Coindesk data, the price of Ethereum only rose 150% so far this year.
The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

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[Lucius]

I doubt that you are the author of this post, and if content is just copy / paste it from anywhere, rule of the forum say that you need post source link. By some quick search it seems that you copied from different sources, and mix some words.

Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

Analysts are optimistic that Libra could help cryptocurrencies generally gain more mainstream acceptance, as means of payment and as a store of wealth.

https://archive.fo/GAZjt

[avikz]

The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

No way! You are saying that competition with Libra will help strengthen the position of bitcoin in the world market?? That's not gonna happen! Probably bitcoin traders will get another pair ti trade with alongside USDT.

Libra has zero qualities of a cryptocurrency! Try and understand the basic differences first! Using a blockchain doesn't really make a cryptocurrency! What I foresee Libra will actually make a hole in the cryptospace and attract billions of dollars to their centralized cartel of cryptos insted of bringing new investments to bitcoin!

[carlfebz2]

The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

No way! You are saying that competition with Libra will help strengthen the position of bitcoin in the world market?? That's not gonna happen! Probably bitcoin traders will get another pair ti trade with alongside USDT.

Libra has zero qualities of a cryptocurrency! Try and understand the basic differences first! Using a blockchain doesn't really make a cryptocurrency! What I foresee Libra will actually make a hole in the cryptospace and attract billions of dollars to their centralized cartel of cryptos insted of bringing new investments to bitcoin!

Why do people do really try to make this Libra as a reason for Bitcoins rally?They didnt even realize or do tend to compare between both coins.
Decentralized vs a Fully centralized ones and i fully agree that due to facebooks recent reputation theres no doubt that it can really make a hole.

[Strongkored]

Did you know that Libra coin is a centralization coin?, so it is very different from Bitcoin so how can it help position of Bitcoin on the world market. My analysis of statements like this came out because they saw a platform that issued a Libra coin so the assumption appeared to help position Bitcoin and also overall cryptocurrency. Libra coin maybe will only help cryptocurrency become more popular but Bitcoin already has a strong market in the world and will more stronger time by time.

[BeManga]

Bitcoin prices are still interesting to observe. This crypto currency continued to be relied upon and had penetrated US $ 13,700. This is the highest level in the last 17 months. However, at this time bitcoin prices are trading again at around US $ 12,600, down shortly after the Coinbase crypto currency site reportedly crashed.
The value of this digital currency has risen by more than 60% this month, and more than 230% every year to date. Bitcoin euphoria, lower prestige, other digital currencies, such as ethereum, which became the second largest crypto currency after bitcoin. According to Coindesk data, the price of Ethereum only rose 150% so far this year.
The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

i agree that libra will be one of the key for other people to accept crypto and bitcoin.
bitcoin will get more adoption because of libra and people will know more about crypto while bitcoin will get more awareness.
for me its a good thing if there are more demand there will be more support in buy wall for the price not to crash.

[pooya87]

please stop trying so hard to associate bitcoin with libra, they have never been any connection between the two and there never will be. bitcoin has risen millions of percentage in the past 10 years without libra or any other shitty project like that and it will continue to rise without them too.

According to Coindesk data, the price of Ethereum only rose 150% so far this year.

wrong.
the USD value of it seems to be higher because bitcoin price is higher. in other words bitcoin went up 330% this year and that rise pulled the USD value of all altcoins up, 150% shows it has actually dropped significantly!
and if you look at the ETH/BTC chart you can see that it was worth 0.041BTC and now it is worth 0.025BTC which is nearly 50% drop.

[killat]

Big businesses, like Facebook at start + Apple, Goggle, Amazon, Finantial brands, etc, adding funds into the bitcoin ecuation, will change, sooner or latter, the way we use money and the control we have over it.

I don't know much about it's history, but I can tell that is going to be hughe hype about it and betting about it will yield promising results.

[Kemarit]

The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

I really don't understand why speculators are telling Bitcoiners that Libra coin is what brings the price to a sudden surge in the last two weeks. I mean I don't get any correlation whatsoever, do Facebook users suddenly jump on the Bitcoin bandwagon because of this supposedly Facebook coin?

Of course as Bitcoin is a speculative assets, the price is affected by the news around, but I have my doubts that we can attribute everything to Libra though. Bitcoin is on the recovery or accumulation phase, and regardless if there are positive or negative news, the price will continue to grow because we are in a mini-bull cycle already.

[Wallflower28]

Bitcoin prices are still interesting to observe. This crypto currency continued to be relied upon and had penetrated US $ 13,700. This is the highest level in the last 17 months. However, at this time bitcoin prices are trading again at around US $ 12,600, down shortly after the Coinbase crypto currency site reportedly crashed.
The value of this digital currency has risen by more than 60% this month, and more than 230% every year to date. Bitcoin euphoria, lower prestige, other digital currencies, such as ethereum, which became the second largest crypto currency after bitcoin. According to Coindesk data, the price of Ethereum only rose 150% so far this year.
The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

I guess this is true. Bitcoin is pushing upward momentum because of libra and bitcoin halving. Well, we will see if this will become true. I am currently trapped in the market. Supposedly, I will sell already at 13K dollars but because I walked an important thing yesterday, I missed the opportunity to sell. Now, I have left my bitcoin but I expected it to return its price again.

[Tiki tiki]

yes,i do

[YuginKadoya]

Bitcoin prices are still interesting to observe. This crypto currency continued to be relied upon and had penetrated US $ 13,700. This is the highest level in the last 17 months. However, at this time bitcoin prices are trading again at around US $ 12,600, down shortly after the Coinbase crypto currency site reportedly crashed.
The value of this digital currency has risen by more than 60% this month, and more than 230% every year to date. Bitcoin euphoria, lower prestige, other digital currencies, such as ethereum, which became the second largest crypto currency after bitcoin. According to Coindesk data, the price of Ethereum only rose 150% so far this year.
The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

I guess this is true. Bitcoin is pushing upward momentum because of libra and bitcoin halving. Well, we will see if this will become true. I am currently trapped in the market. Supposedly, I will sell already at 13K dollars but because I walked an important thing yesterday, I missed the opportunity to sell. Now, I have left my bitcoin but I expected it to return its price again.

I highly doubt that the libra or Facebook is the one behind the surging price of bitcoin, because back then I am seeing Facebook was against cryptocurrency and yes they are currently creating their own coin but I don't think that it is decentralized, But maybe they had to do with the slight movement of things, but stable coin is not back up by Bitcoin so I don't think that there is a high possibility about the sudden surge in price of bitcoin, The only reason I see behind the increasing price of bitcoin is the Bull Run and nothing else at the moment,

Well if you had missed the opportunity to sell in the right time when the price is at $13,000 USD I guess all we need to to is just wait for another surge, Bitcoin's bull run will definitely going to reach another All time high and the price indicator for that is $20,000 or even more, That is what I am waiting to happen.

[davis196]

Bitcoin prices are still interesting to observe. This crypto currency continued to be relied upon and had penetrated US $ 13,700. This is the highest level in the last 17 months. However, at this time bitcoin prices are trading again at around US $ 12,600, down shortly after the Coinbase crypto currency site reportedly crashed.
The value of this digital currency has risen by more than 60% this month, and more than 230% every year to date. Bitcoin euphoria, lower prestige, other digital currencies, such as ethereum, which became the second largest crypto currency after bitcoin. According to Coindesk data, the price of Ethereum only rose 150% so far this year.
The soaring price of bitcoin was also driven by Facebook launching its own crypto currency called Libra. Analysts are optimistic that Libra can help the market to get a better position in the community, as a means of payment and investment.

Libra is the future bitcoin's greatest competitor.It might help for raising awareness about the crypto industry and making it more popular across all the people that haven't heard about it,but this is a short term impact and it will die pretty fast.I don't think that the Libra demand will lead to a increasing bitcoin price.

[Kakmakr]

please stop trying so hard to associate bitcoin with libra, they have never been any connection between the two and there never will be. bitcoin has risen millions of percentage in the past 10 years without libra or any other shitty project like that and it will continue to rise without them too.

According to Coindesk data, the price of Ethereum only rose 150% so far this year.

wrong.
the USD value of it seems to be higher because bitcoin price is higher. in other words bitcoin went up 330% this year and that rise pulled the USD value of all altcoins up, 150% shows it has actually dropped significantly!
and if you look at the ETH/BTC chart you can see that it was worth 0.041BTC and now it is worth 0.025BTC which is nearly 50% drop.

I tend to disagree with you #pooya87    The connection comes from confusion with the general public that "Libra" is similar to Bitcoin and they group it as a Crypto currency. So, if they do not understand the difference between a "public" and a "private" Blockchain and also between a centralized and decentralized authority, then you can buy Bitcoin, thinking that you are going to be ready to buy "Libra" when it is officially launched.

We know the difference between "Permissioned" and "Permissionless" so we did not get excited about this "PrivateCoin", but they will soon understand the difference and then it would be too late.   <The positive thing is that they are buying Bitcoin again.>

[Nadziratel]

With each passing day, forum content is no longer related to Bitcoin, but is about Libra. Each section has dozens of titles full of posts about Libra. Before that, it was about "BAKKT." Previously "ETF" ...

I would like to remind you that Bitcoin is always the original ... Others have always been temporary. Libra is today's popular topic, tomorrow there will be something else. If any one of these contributes to Bitcoin, how nice ...

[Ridwan Fauzi]

It's just really confusing when we talk the caused of bitcoin meet increased price recently. There are many people who says that bitcoin had increased just because the giant social media facebook announched their own cryptocurrency called as libra coin. Which can make many people got FOMO and bought bitcoin as their can bought.

And also there are many people who says bitcoin price had increased because bitcoin halving will come in 2020. As we have been known if the halving came then we can see its price will goes to increase as we have seen in halving before. However, I won't this issue seriously because I just happy bitcoin can get out of a prolonged bearish market.