Arrgh! Libra here and There

[joseyphil82]

Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.

The first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.

People aren't getting it that if bitcoin becomes a stable currency today many investors will start using bitcoin just like they are using tether but what about those high gain?sorry guys investing 2000$ in stable coins will remains at 1999$-2000$ forever.

Either bitcoin and altcoins bring loss or gains that's what makes them more interesting,Libra is a stable coin,no more no less and no matter how good it turns out to be its not an option for investment to me,I don't know about you guys.

If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.

Enough of libraphobia.

[Samayuki]

Stable coins will remain stable for real and investors only wants gain,Libra coin isn't that bad either once it get paired with ETH and bitcoin on exchanges traders with switch to it or even prefer using it than other stable coins

[cliber]

Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.

The first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.

People aren't getting it that if bitcoin becomes a stable currency today many investors will start using bitcoin just like they are using tether but what about those high gain?sorry guys investing 2000$ in stable coins will remains at 1999$-2000$ forever.

Either bitcoin and altcoins bring loss or gains that's what makes them more interesting,Libra is a stable coin,no more no less and no matter how good it turns out to be its not an option for investment to me,I don't know about you guys.

If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.

Enough of libraphobia.

Everyone must be different in seeing coins. Bitcoin has been proven in crypto in my opinion as a stable coin that is very good and very reasonable if many people invest in the coin. Libra is also good according to people's minds because the coin is a coin that will be issued by Facebook which is a great company.

[aioc]

I don't see myself buying Libra coin I'm not using any applications, products, and services from Facebook, and I don't have any stable coin in my portfolio but I will follow it's development as Libra Coin will become part of our community.

[Winscosinally]

I believe that Facebook coin will drive many more investors into crypto because its one of the largest social media platform but making the Libra coin a stable coin is not a very bright idea

[asriloni]

Everyone must be different in seeing coins. Bitcoin has been proven in crypto in my opinion as a stable coin that is very good and very reasonable if many people invest in the coin. Libra is also good according to people's minds because the coin is a coin that will be issued by Facebook which is a great company.

It's not, when the chart with very high accuracy about the comparison between the technical specification that used by both already very well explained about that and why do we need to feel confuse about that? the reason is majority of them don't even wanna read about that dude.

[henryriesling98]

Libra is a stable coin used for payment. I find it does not affect the crypto market apart from pulling more cash into the market, which has strong influence on bankers.
It, a bank that nobody controls, holds the shopping behavior of 2 billion people in this world.
It is the banking system in the world that will be impacted strongly, not this crypto market.

[vladimirhf]

"This town ain't big enough for both of us"  guys, the purposes are different. it's a payment coin and I guess it will have an easier user interface - where many crypto projects fail. I don't know why the crypto community is so attached to tribalism. And yes libra has the potential for a bigger market cap, doesn't mean they are "killing" bitcoin or any other.

[nhamoitruonghoc]

Libra is just a shit joke, but I am thankful to Facebook and Libra because they actually help to boost bitcoin from bottom to around $14,000. That's fine and amazing to witness such ride of bitcoin this year. The ride that partially come from Libra's side effects, has wipen out fears among crypto enthusiasts and they actually have stronger believed in crypto future.

[FlyingDrozd]

Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.
https://i.imgur.com/brUma4f.jpg
The first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.

People aren't getting it that if bitcoin becomes a stable currency today many investors will start using bitcoin just like they are using tether but what about those high gain?sorry guys investing 2000$ in stable coins will remains at 1999$-2000$ forever.

Either bitcoin and altcoins bring loss or gains that's what makes them more interesting,Libra is a stable coin,no more no less and no matter how good it turns out to be its not an option for investment to me,I don't know about you guys.

If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.

Enough of libraphobia.

I consider Libra as a way of payment and in this case, I don't see any threat to bitcoin. Because bitcoin is mostly used as a store of value and trading. Yes, it might reduce bitcoin usage as a way of payment but who cares? That's not what gives value to BTC so it won't affect the price IMO.

[royalfestus]

it would bring a lot more new people to the industry in general.

That could be the only thing the coin will bring to the space, maybe more fund will come with the people. It is arguably not a typical cryptocurrency that have been seeing; not decentralized and involved intermediaries. Bitcoin in the past 10 years had shown to us all its intricacies, both to the government and traders, we could say it can be condoned and has come to stay.

[enhu]

BTC of course is the best. No contest.
While Libra is just a stablecoin like you said, there must be something on it otherwise it would be stupid of facebook to create just that kind of token pegged in USD. Facebook is like a big country of its own and can make this Libra useful not just as stablecoin in exchanges. But we'll just know this when its released.

[Zicadis]

I believe that Libra will help to spur on the adoption of more decentralized cryptocurrencies such as Bitcoin.

However, Libra is actually designed to become increasingly decentralized over time, this means that after a few users of operation it could eventually rival Bitcoin as the cryptocurrency for the people.

Don't count on it though, I expect there will be several legal hurdles in the way that will prevent Libra from taking this form.

[Juse14]

Oh come on, they dont know about the reality of LIBRA.

Went a new cormer getting to crypto because of Libra, They will search & discovery who the real cryptocurrency and because of Libra we got a free marketing. A lot people will coming into cryptocurrency space.

[FireBallex]

Libra will help crypto growth further because of Facebook popularity and many will know more about bitcoin and altcoins,its all good for crypto space entirely

[Sharon121212]

Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.

This would not be the first or last time a new project would come out and there would be much talks about it out living bitcoin so I am not surprised that this Libra coin is getting such hype as well.
Am not the facebook type I love to have a good deal of my privacy much so I got more interested in bitcoin and the blockchain technology.
Except changes has been made the Libra coin might lunch next year so we would be watching

[Galley]

The more they talk about the coin, the more many people will learn about it and, accordingly, the more excitement around it is created to attract investment. And what Libra is, or whether it can even represent something significant, we will soon find out.

[sana54210]

Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.
[im g width=400]https://i.imgur.com/brUma4f.jpg[/img]
The first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.

People aren't getting it that if bitcoin becomes a stable currency today many investors will start using bitcoin just like they are using tether but what about those high gain?sorry guys investing 2000$ in stable coins will remains at 1999$-2000$ forever.

Either bitcoin and altcoins bring loss or gains that's what makes them more interesting,Libra is a stable coin,no more no less and no matter how good it turns out to be its not an option for investment to me,I don't know about you guys.

If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.

Enough of libraphobia.

I do not think people really speak of Libra taking over bitcoin, and that is why many people don’t even want it at all, because they would not want anything that will jeopardize or affect their investment in bitcoin at all. You know how we humans are, it is only you that understands this about the both currencies, not many people does, and no matter how many books they read on it, when Facebook coin comes out, some people may start dumping bitcoin with the fear that it will affect bitcoin, not knowing that it will have absolutely no effect on bitcoin.

Facebook is a stable coin as you said, and since it will not be used as investment, many people will still have for transactions which will really not be a bad idea, because Libra coin may still be more relevant than tether and other stable coin.

[Dellosoft]

Only noobs will compare Bitcoin (King of crypto) to Libra. Libra which is a stable coin doesn't pose any threat to BTC as proposed by noobs. Miners need to take permission before mining in Libra's setting, this is a downside comparatively. Libra is a great boost to crypto with respect to adoption mainstream but people should stop saying it will overrule BTC.

[bttmember]

I have also been advocating and telling some friends that libra is not a threat it will be rather good for crypto market and btc because it will bring millions of users and new money to market and at the same time it is different than btc and other coins so there is no competition to replace eachother, the only thing that can bother crypto community is that libra's volume can soon become huge and it can out perform many big coins in no time after uts trading starts.