Arrgh! Libra here and There

[tenakha]

Anyway, crypto is the money of the future and will not always be as volatile as the present. Even if we do not want to, we should get used to it. Libra is also one of the giant projects, and will be used. Although it will be stable, we should not forget other features.

[wanted sliter]

After few weeks thinking about this
I think no coin should be stable! Even fiat money still have inflation!
So the best stable money that we use to measure value of others is not stable.
So USDT Is enough stable coin, facebook is too big to creat a coin. That would be disaster.

[dearbesz1219]

Libra here and there, but only theoretically. There is no way that Libra will be approved by US government. They simply can´t fulfill all requirements.

[letyouearn]

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.

Finally! Someone smart here! Thought I was missing something or everyone else knows something more interesting about Libra than I do... Now, I'm calm and pleased, there are some sober people around 

[coin-investor]

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.

We all want to protect Bitcoin, because we understand this technology liberates us, it's a store of value that is why everybody wants to hold it, Facebook Libra coin already stated that they are going to be a stable coin, and with all the resources they've got, that can become of the premier stable coin in the market.

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.

That's likely going to happen, people will prefer Libra coin more than Ripple and Tether and I'm also thinking the same way it's not going to harm Bitcoin status in the market.

[Get Ready]

That's silly to compare Bitcoin and Libra. What we should learn is what Libra will make for crypto and will change crypto space. If Facebook successfully launches Libra, we will have a real revolution of crypto. Trust me, with the launch of Libra, Bitcoin will still there, but most altcoins will gone.

[Cnut237]

Libra could be good for crypto as it will make it appear more legitimate once a big company like FB gets involved. However it could be bad for personal freedom and from a privacy perspective. I don't think the aim of the coin is to compete with BTC. I think their primary aim is to use it as another weapon in their customer data mining arsenal. They will use this coin to suck up your purchasing activity and build it into their behavioural profiling models.

Remember with FB you are always the product.

[Barbut]

That's silly to compare Bitcoin and Libra. What we should learn is what Libra will make for crypto and will change crypto space. If Facebook successfully launches Libra, we will have a real revolution of crypto. Trust me, with the launch of Libra, Bitcoin will still there, but most altcoins will gone.

It`s silly and this hype around Libra is started by facebook lovers. It`s silly their trying to compare Libra and BTC, it`s impossible. Personally, I don`t plan to have anything with Libra coin, most of all because it`s centralized and it will be a stable coin. When I plan to get more interested in some coin it`s mostly because of the potential of that coin to rise in every way, in the price too. I think the Facebook coin doesn`t have the potential for growth, they will be just another bank.

[robelneo]

Libra coin will verify the status of Cryptocurrency in our society, Cryptocurrency will be adopted whether Libra coin is a stable coin or not, the fact that Facebook finally entered the industry, it will make a huge impact on the market and all Cryptocurrency supporters those old investors and those coming in now.

[ivaf]

Oh, yes, indeed, this hype around Libra is already tired. And despite the fact that they just announced a possible launch. There really is nothing. Maybe Facebook will never get permission to launch its cryptocurrency. Let’s not make a fuss in advance, but calmly observe the development of events.

[SirLancelot]

I guess Facebook is preparing for something new which is completely new from their current business and they know that they are very popular which is probably why they also wants to take advantage of their influence to enter the crypto market and make things happen, little did they know also that as much as they have friends that are laughing with them is same as much as they have enemies that would tend to kill their product before its arrival.

I don’t expect that people could just assume from their mind that this is what the product will cause and then interpret it to the real life when they have not even seen the effect of the coin. Everything we do has been based on assumption, and I fell that people would have just waited for the coin to be released before throwing stone  at it if they find it not worthy.

[Reatim]

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

The amount of people that will be interested in crypto for sure will grow indefinitely because like what you said Facebook is the most popular social media platform that exist in this world,for sure in a matter of months after the release adding people in this community may increase
But that doesn’t mean everything will favor for Libra/Facebook because in this way people will learn about bitcoin as well and having comparisons may result to advantage of BTC,the world is afraid of bitcoin(and a pall cryptocurrency)because of the negative issues thrown from Fudders but now they will be enlightened and may effect to changing of support from Libra to Bitcoin and other altcoins

[santiPOGI]

Imagine that top 20 biggest american companies work together on an alternative for bank systems. Something that already manage more than 2 billions of people!
How many people are using Bitcoin? 10 millions?

Are we free on having LIBRA? or it is manipulated?
Bitcoin users and doing it freely. what is the big thing that LIBRA can give to us?
And why comparing it to BTC at this early stage?

[Nolimitz84]

The hype about Libra coin is high, I hope the coin will be able to maintain this hype,  and not be like bisdaq exchange coin which has a lot of hype and does not perform beyond expectations

The fact is that if the Libra appears in circulation, then this coin will undoubtedly be used. And it does not matter whether it is a stable coin or not.But comparing Libra with bitcoin is somehow incorrect.If Libra only lives on Facebook that Bitcoin will be lives all over the planet.

[MikeyVeez]

And do you see how many big companies are trying to overbeat Libra and become the first one in this industry?
Kakaotalk is going to launch its cryptocurrency.
New project by Binance - Venus.
People's Bank Of China developing a "digital currency" to monitor Chinese people.
MetalPay and so on.. 

[davinchi]

I believe it will be a good addition to crypto-market. Investor can have opportunity to invest in safe altcoins. But recently I have read a news article from a trusted site that show the problem that coins is facing.

Government only fears that Facebook coin will take their control away from their citizens and that is why some of these giant countries are already campaigning against Facebook Libra coin. If you look at Facebook, Facebook is more like even large than the largest country in the world in terms of population, the largest country in the whole world is china, which their population is about 1.7 billion, and the population of Facebook users is over 2 billion.

Government fear Facebook ceo could have a very high power more than even the government if he succeeded in eventually making the coin become a global coin, but i think that except they arrest Facebook, Facebook will go ahead with its coin, which it is even impossible to do so, because of the freedom he has, and the only way to stop it again is if they declare cryptocurrency illegal which could nullify the Facebook coin itself from being in existence.

[target]

I believe it will be a good addition to crypto-market. Investor can have opportunity to invest in safe altcoins. But recently I have read a news article from a trusted site that show the problem that coins is facing.

This shall be true and for adoption's sake. We all want adoption that BTC and altcoins can be spent like fiat but when it comes to regulations we all take hundreds steps away form it because its facebook that is initiating it.  Facebook will bring us to the adoption we have always been wanting. The easiest way to spread the information in today era is social media site and facebook has it all.

[joinfree]

No body  can compare  Libra to bitcoin.  Bitcoin has  already  build its  reputation of  trust . But yet Libra has not to  prove it self  or  nothing to  compete  with bitcoin.. But Libra can  help cryptocurrency  market to  attract more  investor  into  the space. 

[Pearls Before Swine]

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

Why buy bitcoin?  I don't know, it's a good investment that can also be used as money if need be, and I have purchased stuff with it in the past.

I am not a 'Libra-phobe' but I can't understand what all the hype is about it besides it being facebook's baby, their foray into the world of crypto.  Their user base alone should ensure that it sees a lot of use...if it gets launched, and that's a very large if.  Better still would be that Libra leads its owners to gain an interest in other cryptos, chiefly bitcoin.  I have some hopes that it will achieve that, but again only if Libra makes it thru the regulators.

[Sendi blackspade team]

that's because libra is supported by many big companies behind this coin. including Facebook, which is a social media platform that can facilitate the dissemination of information and advertising. especially now that we see that Facebook has adapted from social media to become a platform with buying and selling features. This has been very helpful for users especially if Libra has been launched it might be that Facebook can become a trading platform with many features in it.