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.
I really don't think that people here get it. So what if Facebook's Libra project is a centralized cryptocurrency platform? Do you know how much promotion this scene and community will receive once Libra project is backed by congress and given the green light to go? If you think there was a lot of capitol here within the markets now, imagine once Libra is introduced to every Tom, Dick, and Harry around the world? People will dabble into other cryptocurrencies guaranteed. I'm sure the market caps would probably soar! There will be so much capitol flowing in from all the new comers, it makes adoption almost inevitable.
The majority of the people I know use some form of social media, most don't touch Bitcoin period, but If Facebook is backing it, everyone from children, to grandparents will be using crypto, just because everybody else is doing it. Humans tend to have a "monkey see, monkey do" mentality when it comes to social behaviors.