An uncertain future of Libra! Is it good for the crypto traders?

[mirrasel]

"What is Libra? A currency, a derivative, a security, a commodity pool or etc.? Lack of clarity in asset class is one of the regulatory challenges to launch this big initiative by Facebook. Cash withdrawal system is also a big challenge! Cell networks, working with retailers and others to sell consumers products can help them in this case" - This analysis is done by Coindesk.   

What's your opinion?

Another thing,

A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/

So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.

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[bassbity]

I think Libra is still polemic until now there is no clarity about its launch so many people continue to talk about Libra because this has arrived in 2020.
In my opinion Libra is still not quite right in its current position because it has to deal with the government so that everything will be difficult if the government does not allow regulation.
I think there is still no impact to the authorities because Libra has not entered the market until now.

[joinfree]

i am not surprised either that the SEC might not allow Libra to launch anytime soon or even ever . I mean come on people, facebook despite its huge technology in the world has one of the weakest security systems and yet we want to see these people launch a cryptocurrency for its community to use? I am in no way supporting this project and i hope the SEC shuts it down for good!

[zhekinsp]

Libra is a stable coin project so for traders its just another one like tether or USDC or any stable coin,if LIbra never reaches the market the traders have nothing to lose they will find other trading pairs.

[boris singer]

if indeed the proposal remains consistent to stay integrated with the Facebook platform, then we only need to continue to monitor their progress. Libra dares to offer something that is very challenging for public space and of course it is very complex. There is no problem about uncertainty because Facebook is a leading company and hasn't even made a public offer that harms anyone.

[shinratensei_]

Libra is not to be the main recognition again for the crypto traders and whole of crypto and it will not give any impact to the crypto ecosystem. People are still focusing on the bitcoin halving event that will be coming from next month.
It's not a big problem if libra will be launched not for this year but it must be the next year. The regulatory problem that already faced by libra is not a big problem as it was running on switzerland.
Don't worry about this and this will not give a serious impact on the crypto trend as the whole of traders have been moving on from libra.

[Sebas.tian]

Libra will be good for cryptocurrency traders because the coins will be stable like tether and others related stable coins in the crypto market. That aside, Libra to me; will likely have an approval from the SEC and other significant agencies because of the foundation it was built or intend to be built. So, traders will still be able to make a living from the said coin.

[bitvalak]

Actually we have to know first the target market of Libra, whether he only provides only for transactions on all social media platforms that he has or developed into a commodity.
If it will be used as a commodity, it means that they have to make improvements again because it is constrained by government regulations that prohibit the circulation of cryptocurrency.
Investors should have understood up to here, because they can already make choices by seeing situations like this that are less favorable.

[qomariah95]

Seeing overall this coin later, of course very good for crypto traders. But right now there is no certainty about the launch of libra, which was originally said to be the launch of mid-2020. So far there has been no certainty regarding this matter, whether the launch is delayed or remains at a specified time. Coupled with the many negative news related to this Libra coin.

[NeuroticFish]

A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/

So, is it good for the crypto traders? What is the future of it?

Libra did something interesting: increased even more the awareness about crypto, increased people's trust in crypto and made the regulators/governments start thinking more seriously about crypto.
The fact it's delayed may be good too: it gives the opportunity to others to also rise. And competition uses to be good. Libra would have had no competition if launched early, giving too much power to FB over people's money and data.
There's obviously a bad side of the delay too: the regulators may slow down again. And the truth is that crypto businesses do need proper regulation, else crypto will always be a pariah.

[Callanta787]

We can't know how good libra will be until after it's fully released and right now things are not looking that good for the project, i think it's a threat for the CB and government that's why companies like PayPal are rejecting libra

[chaoscoinz]

Many people hate Libra because it is a platform created by Mark Zuckerberg and Facebook. I think it is an really bold step to take that could help cryptocurrency become a lot more mainstream.  Many would disagree, but Facebook is a worldwide platform that extends its reach to all corners of the globe. Even if you don't use Facebook, you might have used one of Facebook's apps like Instagram, or whatsapp. If your into VR perhaps you've heard of the Occulus rift, another Facebook product.
   If the Libra platform were to launch successfully I believe adoption of cryptocurrencies would increase dramatically maybe even over night. Congress understands that this could make Facebook way to powerful so it is having a difficult time gaining a green light to go ahead with the launch.

[magneto]

"What is Libra? A currency, a derivative, a security, a commodity pool or etc.? Lack of clarity in asset class is one of the regulatory challenges to launch this big initiative by Facebook. Cash withdrawal system is also a big challenge! Cell networks, working with retailers and others to sell consumers products can help them in this case" - This analysis is done by Coindesk.   

What's your opinion?

Another thing,

A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/

So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.

First of all, don't believe that anyone is an 'expert' here. Everyone just has their own opinions and you just it yourself.

I personally think that whatever the next developments of Libra is it will be quite irrelevant to the wider, decentralized crypto markets. The reason is simple, Libra's fate is kind of already down the drain due to the fact that so many of their partners pulled out and regulators not having the best attitude towards it.

There is also no apparent connection between how Libra can benefit something like BTC. So I suggest that you stop looking so deeply into these irrelevant non-factors when it comes to pricing of BTC and other alts.

[ragavancoin]

Libra launch will be going to postpone again due to USA election in 2020 I think that libra have very big challenges like legal, regulation and more they have must complete before going to launch.

We know the libra coin will be a centralized with stable coin maybe like usdt if some want to know about libra it better to read the wightpaper of Libra to understand.

[btcdie]

Yeah, there are no definite uses, except only for Facebook and only in the form of stable coins. maybe for Libra Coin traders it is very helpful, and I think it is no different from Tether or other stable coins. In usability it is no different from Paypal, but that makes a glance because it was built on Blockchain technology. it might also be helpful in expanding crypto's reach, such as Bitcoin or Alt. There is no definite news about Libra coins, and for those who are familiar with crypto, I think it looks normal.

[btc_angela]

So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.

As far as I know it is a token (correct me If I'm wrong), so it will not be tradeable in any exchange. Nevertheless maybe new people are going to take notice of Libra and might bring fresh blood to the ecosystem if they see some benefits for them. I'm interesting how Libra will compete with big remittance service like WU or MoneyGram. So let's see how it will pan out, if ever they are going to be release this year or next year.

[rdluffy]

I can't understand why people compare libra to all cryptos, the only thing in commom is the fact that is a crypto, but everything else is different
No possibility to trade
Facebook is behind it, so totally centralized
Facebook do a lot of things that this community do not aprove
Libra is struggling to be launched, so it's already in a bad situation

[Eclipse26]

I am not an expert but we will only know the future of Libra holds when it finally got launched to the public. But for now there are mix reaction with Libra. Others are looking forward with it while the others don't. Libra is still having a hard time to be launched since the government of US is still looking at it. Maybe traders are already tired of waiting. But we can expect that Libra might become big since it came from Facebook and a lot we're expecting.

[Ahimoth]

i am not surprised either that the SEC might not allow Libra to launch anytime soon or even ever . I mean come on people, facebook despite its huge technology in the world has one of the weakest security systems and yet we want to see these people launch a cryptocurrency for its community to use? I am in no way supporting this project and i hope the SEC shuts it down for good!

As you mentioned weak security, it might be better for this project back out from their plans. If they were thinking of another plans, there should be a better alternative instead of using facebook. Branding their own name aside from using facebook probably will correct this conflict, between SEC and cryptocurrency.

[killerfrost]

If Libra is launched in 2020, it will have a positive influence on this market because Libra has a huge community and it will help this market get many new investors. And Libra will not compete with any altcoin or bitcoin in this market because Libra is a centralized cryptocurrency and stablecoin. For a fan of this market, I really hope in 2020 Libra can be launched although it is very difficult.

[imutlinda]

Libra polemic occurred in recent years, we have to wait if you want to get a definite answer. I personally do not pay much attention to the development of libra, because what I know later libra will not be much like stable coins on the market. but I am sure this project will always have opposition from crypto user groups who are disappointed with the old rules on Facebook.

[DabsPoorVersion]

If Libra is launched in 2020, it will have a positive influence on this market because Libra has a huge community and it will help this market get many new investors. And Libra will not compete with any altcoin or bitcoin in this market because Libra is a centralized cryptocurrency and stablecoin. For a fan of this market, I really hope in 2020 Libra can be launched although it is very difficult.

However, seems like it won't happen. Libra won't be launched this year. What you are hoping for might be happening during the next following year. But, even if Libra won't be released this year, for sure, there are still more investors that will be coming.

[Thomas-s]

definitely, if Libra can solve all its problems and launch its project in 2020, it will be very good for the entire cryptocurrency market, but it’s very hard for me to believe in such an opportunity. I think that they still have a very long way to go. I also believe that Libra is good for the market only in that it attracts the attention of people. as a cryptocurrency, it will be useless for all of us

[angrybirdy]

definitely, if Libra can solve all its problems and launch its project in 2020, it will be very good for the entire cryptocurrency market, but it’s very hard for me to believe in such an opportunity. I think that they still have a very long way to go. I also believe that Libra is good for the market only in that it attracts the attention of people. as a cryptocurrency, it will be useless for all of us

I do agree. Even if they meet the requirements and were able to launch right away, they still have a long way to go to develop the project. But as long as they have their own plan, this is not impossible and attracting people/investor will be easy for them.

[Free1bitco.in]

So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.

Well, I can say that this does not only benefit crypto traders, but it benefits all traders on Facebook. besides introducing crypto, it can also make improvements to other cryptocurrency requests. Well, I'm not an expert, but I can only speculate that there will be a lot of people who will use libra. it's like having an online business account that you can easily benefit from.

[mcnocon2]

The launching of libra is very hard in my opinion, they have to win the regulations first before they can achieve something big. Some of its major partnerships have already surrender and already left the partnerships as it is very hard to comply with the regulations. Who knows, may be they can pull this off. Whatever happens, announcing of Libra significantly helps the industry in many ways.

[DaMut]

definitely, if Libra can solve all its problems and launch its project in 2020, it will be very good for the entire cryptocurrency market, but it’s very hard for me to believe in such an opportunity. I think that they still have a very long way to go. I also believe that Libra is good for the market only in that it attracts the attention of people. as a cryptocurrency, it will be useless for all of us

it will not launch this year because of us election, even if it launches in the future the cryptocurrency market will only get a short term benefit from them to gain trust from the crypto community. you need to remember what mark did to his community a while ago, there is nothing good come out of it.
he might slowly kill cryptocurrency with his stablecoin because they are regulated and has a wide partnership(if they launch it).

[fuer44]

whether or not there is libra, libra is released or not to the public, I think it will not have a big effect on traders. because the value is stable or people call it stable coin there is no big influence for traders. Such category coins are more suitable as a tool for buying or selling commodities because their value is more stable.

[BChydro]

So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.

If Libra is able to release the coin despite the opposition against them then traders will be using it if they find it useful, if not what is the issue, it will be a loss to the reputation of the facebook team if they were forced to withdraw from their grand plan.

Such category coins are more suitable as a tool for buying or selling commodities because their value is more stable.

We really need a stable coin as i do not trust the stable coins in the market we have and if a centralized company can come up with a solution then it would be great for traders to hold their worth in it.

[Endikadija]

The launching of libra is very hard in my opinion, they have to win the regulations first before they can achieve something big. Some of its major partnerships have already surrender and already left the partnerships as it is very hard to comply with the regulations. Who knows, may be they can pull this off. Whatever happens, announcing of Libra significantly helps the industry in many ways.

It's not so hard but to make libra will be adopted by so many people is the difficult part as so many countries are banning it right now. I just try to believe if there will be a new hope for libra to be adopted by world wide. Only a few partnerships that have left from the callibra project. But the rest are still staying with libra.

[mrdeposit]

Libra is a stable coin project so for traders its just another one like tether or USDC or any stable coin,if LIbra never reaches the market the traders have nothing to lose they will find other trading pairs.

Obviously, I am not a fan of libra too. I do not think it is a suitable coin for a decentralized crypto sphere. But, compared to usdt or usdc, it is more useful and reliable. Apart from having a greater power behind it, they made agreements with the big companies that would be accepted as payment. And surely there will still be improvements in this regard after its launch.

[el kaka22]

The reason why there is no Libra in 2020 is not the elections, the reason why Libra will not be published in 2020 is that SEC already made its decision and put forwards some sort of rules what Libra has to follow in order to continue the operation and unfortunately Libra is not following those rules. Facebook basically is saying they will either do it their own way or not do it all together, SEC is also saying libra will be on their terms or they won't allow it.

So at the end of the day, nobody is getting what they want from Libra hence it is not happening. Not only in 2020 but not ever because nobody is backing down from what they are expecting from Libra. Hopefully, they could get together this year once again and talk about what they could compromise and build something eventually.

[marcous]

Until now there has been no clear and official statement regarding development Libra from the Facebook/CEO.there seems to be something prepared by the elite global. We never know what really happened. Libra suddenly came to enliven cryptocurrency but suddenly also disappeared. The point is whether Libra is present or not in the world of crypto is less influential I guess

[FLHippy]

Many crypto experts talked that Libra would be a gate to the cryptocurrency world. But I don´t think so. Libra will be more similiar to classic digital money than to cryptocurrencies. So do not expect big things. 

[criket]

Many crypto experts talked that Libra would be a gate to the cryptocurrency world. But I don´t think so. Libra will be more similiar to classic digital money than to cryptocurrencies. So do not expect big things. 

I think the functional libra coins are not much different from coins that will only be used on their platforms. maybe traded in the market, but the clearer use will be on their platform. and it will be a transformation of a social media platform into a trading platform with their digital currency.

[SolarWindMiningCompany]

Libra will be good for cryptocurrency traders because the coins will be stable like tether and others related stable coins in the crypto market. That aside, Libra to me; will likely have an approval from the SEC and other significant agencies because of the foundation it was built or intend to be built. So, traders will still be able to make a living from the said coin.

I am more interested in the applicability or useablilty it brings to the crypto industry. Libra with its network with the Facebook community in tune of 2 Billion individuals will single handedly drive crypto adoption by over 20 percent according to research. Sec Knows how powerful and influential Libra can be and thus they want a control over it. My curiosity is why Zuckerberg and its team are not yielding. What are the power plays behind the scene

[bitgov]

In my opinion, Libra will be a very similar creation as XRP. It will be a centralized coin that will be an interesting instrument for speculators and certainly a money-making machine for its creators. For investors, this will be a very dangerous and unpredictible coin.

[acdc]

Even before the launch of Libra, it has brought good things to the cryptocurrency market. Faceboock is a big social network, and the fact that faceboock plans to launch their coins is the best advertising for the cryptocurrency market.
If Libra could launch I thought it would be a stabecoin coin, it would be backed by USD, but that was just my own speculation.

[redsun114]

"What is Libra? A currency, a derivative, a security, a commodity pool or etc.? Lack of clarity in asset class is one of the regulatory challenges to launch this big initiative by Facebook. Cash withdrawal system is also a big challenge! Cell networks, working with retailers and others to sell consumers products can help them in this case" - This analysis is done by Coindesk.   

What's your opinion?

Another thing,

A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/

So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.

I think whoever this on Coindesk is confused. What do they mean that there is lack of clarity in asset class for Libra?
It is already clear that Libra is a currency. Cash withdrawal is a challenge? Lol, bruh, Libra have not yet launched and you’re talking about how to withdraw it. Who even said that withdrawal is going to be a challenge?

If it’s about withdrawal, that’s not even a problem in this case and none of the things mentioned. Let’s have patience and wait for them to say when they are releasing it.

[mirrasel]

If Libra is launched in 2020, it will have a positive influence on this market because Libra has a huge community and it will help this market get many new investors. And Libra will not compete with any altcoin or bitcoin in this market because Libra is a centralized cryptocurrency and stablecoin. For a fan of this market, I really hope in 2020 Libra can be launched although it is very difficult.

Let's wait and see what will happen!

[perla]

If Libra is launched in 2020, it will have a positive influence on this market because Libra has a huge community and it will help this market get many new investors. And Libra will not compete with any altcoin or bitcoin in this market because Libra is a centralized cryptocurrency and stablecoin. For a fan of this market, I really hope in 2020 Libra can be launched although it is very difficult.

Let's wait and see what will happen!

I think the wisest thing people can do is wait and see what will happen. Because see people speculate about altcoin, maybe in market it will stay to be altcoin and hard to that easily replace  bitcoin. For me, i will wait until it in market and let people decide it is good or bad coin.

[gensol]

Libra is a centralized token like XRP and the likes. Few people will control the price and distribution it should not affect crypto traders because its not built on the principles of cryptocurrency. If it gets launched, it will spread the word more about cryptocurrency if it doesn't get launched crypto enthusiasts moves on still.

[huu78]

I wait for Libra will impact what it is like in cryptocurrency in the future. It would be unfortunate if this year they could not release their project to Global.
But I remain enthusiastic waiting for them because Facebook is the biggest social media and it will be interesting in the future.

[maxreish]

There has been an issue in US government to literally accept Libra coin as this projects is a stable coin paired to banking system. I don't think it is good for traders to choose Libra coin to trade or even to invest. It is not worth to invest something like stable coin, right? Anyway, until now Libra coin has so many conflicts. I don't even think the project will proceed to the launching stage.

[HabiebRiziq]

If Libra is launched in 2020, it will have a positive influence on this market because Libra has a huge community and it will help this market get many new investors. And Libra will not compete with any altcoin or bitcoin in this market because Libra is a centralized cryptocurrency and stablecoin. For a fan of this market, I really hope in 2020 Libra can be launched although it is very difficult.

Let's wait and see what will happen!

I think the wisest thing people can do is wait and see what will happen. Because see people speculate about altcoin, maybe in market it will stay to be altcoin and hard to that easily replace  bitcoin. For me, i will wait until it in market and let people decide it is good or bad coin.

Don't just wait, at least we have to take the next step or you could say preparing the next strategy to deal with any market conditions. Even if we need time to make decisions and make observations in advance about market movements, but we also have to have one step further in the future so as not to lag behind others or miss an opportunity to make a profit.

[bitgov]

There has been an issue in US government to literally accept Libra coin as this projects is a stable coin paired to banking system. I don't think it is good for traders to choose Libra coin to trade or even to invest. It is not worth to invest something like stable coin, right? Anyway, until now Libra coin has so many conflicts. I don't even think the project will proceed to the launching stage.

Certainly Libra will not be a good tool for investors, but it will definitely be very interesting for speculators. In my opinion, it will be a very similar coin to XRP, so not really stable coin. Unfortunately, I'm not sure if it can be called cryptocurrencies at all.

[Lagduf]

There has been an issue in US government to literally accept Libra coin as this projects is a stable coin paired to banking system. I don't think it is good for traders to choose Libra coin to trade or even to invest. It is not worth to invest something like stable coin, right? Anyway, until now Libra coin has so many conflicts. I don't even think the project will proceed to the launching stage.

it has already explained so many times if the project may get the delay in the past but the libra developer has released the new whitepaper at the middle of the last month. People don't even wanna invest in it until it's clear about the status of the libra coin. You should know more about what was the purpose of libra coin rather than judge it as an investment because it's not even an investment purpose.
It will be used as a payment system. Did you understand libra correctly?

[Tash]

I think Facebook and co have other worries right now
https://www.mzwnews.com/wp-content/uploads/2019/12/Parsa-v.-Google.pdf

[tulpe123]

Halt of the libra will be good for all of us. Facebook shouldnt have too much power

[bitgov]

Halt of the libra will be good for all of us. Facebook shouldnt have too much power

This sword has two blades. On the one hand, Libra will be a fairly strong opponent for Bitcoin when it comes to entering the financial market, but on the other hand it will strongly promote cryptocurrencies. Over time, it will turn out what will be better for the cryptocurrency market.

[shinratensei_]

Halt of the libra will be good for all of us. Facebook shouldnt have too much power

Especially to hold the centralized economy with its power that will be achieved when libra gets approved by the regulators.
That's why the majority of the countries are banning this one from their territory caused by the possibility for facebook to control multi-trillion dollars on its centralized ecosystem will disrupt the traditional economic system.
As a major company and it always wanna create more and more domination and we can see so many platforms have already bought by facebook to create massive expansion.

[tsaroz]

Libra if is a openly traded crypto, it would be a good tool for crypto traders. It's a stable coin that may be much more stable than any fiat as it uses a basket of currencies rather than a single currency or asset.
But with current situation and as they wait for the results of the election in US, the future is really uncertain.

[meliodas]

The future of the Libra doesn't add any sense for the future of the cryptocurency traders. The cryptocurrency can still boom with or without libra. Libra is just a stable coin and it will not affect the market because it will work like the normal fiat currency which people will just use it to do online transactions in a faster phase.

[Distinctin]

..snipped..

Let's wait and see what will happen!

I think the wisest thing people can do is wait and see what will happen. Because see people speculate about altcoin, maybe in market it will stay to be altcoin and hard to that easily replace  bitcoin. For me, i will wait until it in market and let people decide it is good or bad coin.

That is supposedly we have to do. We can't say exactly what is the future of this questionable coin Libra.
Yes, everyone is in talks with it when the Facebook developer had announced about their own coin but something it changes when the regulatory board is questioning its capability. However, it takes a process and as what you've said...we will just wait and I'll do it so.

[Argoo]

Halt of the libra will be good for all of us. Facebook shouldnt have too much power

I agree with you. Libra would be a very scandalous stable coin if it were issued. I hope this does not happen. Now many states plan to issue their own national stable coin and therefore Libra has already lost its chance. Stable coins of China, the USA, and other leading world states will seize the initiative in Zuckerberg. In my opinion, stable state coins will be more popular with users than Libra, even if this coin is issued.

[bitgolden]

Libra is in a different position right now, like USA government literally got into it. This kinda means if Libra ever publishes that means they have to get a permission from US government and that kinda means its backed by the US government as well, at least legally.

So, if we have in the current market a stablecoin that is backed by the US government even in just legal sense, that will probably change a lot of metrics. We will probably have bitcoin pegged to Libra instead of USDT for example in ALL exchanges, people would move from bitcoin (or alts) to Libra instead of USDT and that would make facebook very very rich. I don't know what the result will be for something like that but I know people would prefer it over anything else 100% of the time for sure.

[Dart18]

USDT should be enough.
Adding more stable coin will just kill the economy of altcoins.

Up to now we are not seeing any good increase with altcoins unlike before.
It is not even being used in trades anymore.
Also, that project smells fishy. I would really not support it or even buy it. Hell, I dont even support facebook because of privacy being leaked.

[Driggers95]

The future of the Libra doesn't add any sense for the future of the cryptocurency traders. The cryptocurrency can still boom with or without libra. Libra is just a stable coin and it will not affect the market because it will work like the normal fiat currency which people will just use it to do online transactions in a faster phase.

Although we all believe that libra will be a stable currency like fiat but that was the final stage when the project was thoroughly completed, in the case that the project is still developing under the direction of Facebook and the government, the value of Libra will be unstable, even creating waves in the market. The meaning of libra will be very different and especially attractive to crypto investors when its safety has been upheld, managed very well and still brought benefits to everyone, a new market for stable crypto and are regulated will begin to come to traders

[arimamib]

Halt of the libra will be good for all of us. Facebook shouldnt have too much power

I agree with you. Libra would be a very scandalous stable coin if it were issued. I hope this does not happen. Now many states plan to issue their own national stable coin and therefore Libra has already lost its chance. Stable coins of China, the USA, and other leading world states will seize the initiative in Zuckerberg. In my opinion, stable state coins will be more popular with users than Libra, even if this coin is issued.

however the way to stop it I think is very difficult because they are one of the big industries that can do anything in carrying out its development. maybe they chose to make stable coins because control can still be done, whereas if they don't make stable coins they might be less interested, especially for bitcoin users who have been around for a long time in this industry.

[dark08]

Until now theres no exact date of launching of Libra and people stil hoping to this project because of its concept that will bring a bright future to all crypto lover since this project is stable coin but not all people fan of libra instead they all enought to USDT.

[Apened]

Libra will be good to the traders once they saw an opportunity to trade it, traders makes money by trading and i think its a double money if they will be an investor as well before it goes to the market. Libra will be another coin to trade that was exciting and hope ot brings massive adoption to crypto.

[lousie9]

Lybra project is still a puzzle in the cryptoqurrency industry, many people are waiting for the presence of this facebook coin and on the one hand many people do not expect the project to come in this industry. but for me personally do not mind the arrival of the Lybra project one day. but many people assume that facebook coins are not much different from other stable coins such as USD, USDC and may have positive points for the market especially can attract the adoption of new investors.

[Kyraishi]

It has no effect on the market, imo.

Libra is a coin that is issued by a central party, which is something that is completely different to what decentralized coins are for. So it would be definitely incorrect to even compare the two let alone suggest that there is some sort of correlation between them.

It doesn't bring any additional liquidity into the market, even, which is something that institutional investors can do. It doesn't drive adoption, it doesn't drive long term fundamentals. It's a non-factor.

[kendedese]

quite a long time I did not hear news about LIBRA, last year this coin was the talk of many people and many also said that LIBRA will be a great altcoin in the future. now we have arrived in 2020 and many people are waiting for the emergence of LIBRA, this will soon be interesting news 

[Twinkledoe]

It has no effect on the market, imo.

Libra is a coin that is issued by a central party, which is something that is completely different to what decentralized coins are for. So it would be definitely incorrect to even compare the two let alone suggest that there is some sort of correlation between them.

It doesn't bring any additional liquidity into the market, even, which is something that institutional investors can do. It doesn't drive adoption, it doesn't drive long term fundamentals. It's a non-factor.

No effect yet because they haven't been launched yet. So we haven't experienced their impact yet on crypto market. So there's no reason why we are talking about it right now. MAybe once it is launched in the public, then we can discuss its benefits or disadvantages.

[crossabdd]

I doubt Libra project, which previously were all their big partners dropping out, this time they were not ready to release in 2020. This is clearly a form of project failure. besides, claims to be stable coins in my opinion will not go well, unless they can beat the USDT. why should use libra? while USDT is better and accepted in various large exchanges incrypto world.

[TheClownSong]

"What is Libra? A currency, a derivative, a security, a commodity pool or etc.? Lack of clarity in asset class is one of the regulatory challenges to launch this big initiative by Facebook. Cash withdrawal system is also a big challenge! Cell networks, working with retailers and others to sell consumers products can help them in this case" - This analysis is done by Coindesk.   

What's your opinion?

Another thing,

A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/

So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.

It might take longer for Libra to launch because there are many inhibiting factors and one of them is politics. If Libra was launched, the American government certainly did not want the dollar's dominance to be disrupted on the world market and their dominance in the monetary world. The presence or absence of Libra in my opinion does not significantly influence the cryptocurrency market

[minairia3]

Libra is a stable coin project so for traders its just another one like tether or USDC or any stable coin,if LIbra never reaches the market the traders have nothing to lose they will find other trading pairs.

Actually its use case cant  e considered as stablecoin or part of digitalization. Why? The purpose of libra is to become digital currency for its affiliate merchants which the focus is for payment gateway to their services and marketing ads. Yes they will include blockchain but the scope is limited alone to their establishment. Where is the decentralized approach there?

[fortunecrypto]

"What is Libra? A currency, a derivative, a security, a commodity pool or etc.? Lack of clarity in asset class is one of the regulatory challenges to launch this big initiative by Facebook. Cash withdrawal system is also a big challenge! Cell networks, working with retailers and others to sell consumers products can help them in this case" - This analysis is done by Coindesk.   

What's your opinion?

Another thing,

A report by QZ says that, Libra will not launch in 2020, the US election year. https://qz.com/1778527/2020-predictions-for-bitcoin-libra-and-the-digital-yuan/amp/

So, is it good for the crypto traders? What is the future of it? Want to hear from the experts.

I have this feeling that market condition will push its developers to compromise so they can launch Libra, if the market condition has become bullish and investors are so willing to invest money, on all the coins that have potential in the market, the developers of Libra will be motivated to launch even making a compromise, it's great to launch a project in the bull market. 

[kodtycoon]

i'm not sure if libra has a future that in reality the launch hasn't even been done, so why would you consider libra when they haven't launched it. we should be more patient about developments that will happen because when the market is bullish then anything can happen for the release of any project there

[TastyChillySauce00]

I doubt Libra project, which previously were all their big partners dropping out, this time they were not ready to release in 2020. This is clearly a form of project failure. besides, claims to be stable coins in my opinion will not go well, unless they can beat the USDT. why should use libra? while USDT is better and accepted in various large exchanges incrypto world.

Libra might target the average person who doesn't really know about crypto and its depth. Probably gonna works like Paypal but in form of crypto and they'll increase the adoption by merchants instead of making it listed on various exchange. But, it's just an empty discussion simply because all these rumoured features which Libra possibly carries in the future is just an empty talk without valid proof.

[Google+]

i'm not sure if libra has a future that in reality the launch hasn't even been done, so why would you consider libra when they haven't launched it. we should be more patient about developments that will happen because when the market is bullish then anything can happen for the release of any project there

I think the Libra platform still has many problems that often occur and I have read several articles that many founders are starting to abandon the Libra project, while the conditions of the exchange should not be able to directly influence the movement of Libra Coin prices can get the effect of demand and use in society if very useful then it can certainly be expensive and can have more development.

[sana54210]

Facebook itself will not have too much power if Libra happens, it will be regulated soooo hard in USA by the SEC that eventually it would basically be a stablecoin SEC controls that the profits goes to Facebook, like in money sense facebook will get rich but with rules and regulations SEC will basically control it however they want and change whatever they want.

I personally will not use it myself but I feel like if Libra happens there will be a lot of changes out of nowhere all the time that will hurt people that use it. Let's hope it is not like that and lets hope that people do get what they want out of Libra and everyone around the world will start using their apps to send and receive money but I know technology will never be adopted that quickly.

[yulionoo]

I think the Libra project is still unclear because it is still constrained by licensing and regulation. and until now there has been no official news whether libra will be released this year or not. and I think this libra hype has no impact on cryptocurrency trading. and if later the Libra project is officially released in my opinion it will also not have an impact on the crypto market because this libra is a coin that is centralized and fully controlled by Facebook.

[Teraboy]

Libra is a stable coin project so for traders its just another one like tether or USDC or any stable coin,if LIbra never reaches the market the traders have nothing to lose they will find other trading pairs.

Actually its use case cant  e considered as stablecoin or part of digitalization. Why? The purpose of libra is to become digital currency for its affiliate merchants which the focus is for payment gateway to their services and marketing ads. Yes they will include blockchain but the scope is limited alone to their establishment. Where is the decentralized approach there?

lol that's the use case of stable coin and why you are saying if that can't be considered as a stable coin when libra offers the same use case as stable coin? that doesn't make sense dude.
Libra will become the digital currency with consider to put is as a stable coin and remove the volatility. Libra has use case as stable coin combined with the ability to pay any services that available in any of facebook platforms. Dude, you must try to read the libra WP again.

[BitDane]

A token that is non-existent have no effect on traders.  Libra has yet to be launched so there is no good or bad thing about it.  In short, it has no effect on the market  yet.  Aside from that, being announced as stablecoins, Libra is not good to get profit from since its price is fixed.  I have no idea how it will affect crypto traders when it has little to no volatility if ever launched.

[Japinat]

Libra if it will be launch this year would contribute to the hype of the market, but if its not gonna be launch, there's still a lot of things that could contribute to the hype, one particular big thing is the coming halving and I think people are really thinking it would cause a pump of btc price, the market movement that we just recently witness could be the cause of people's manipulation, bitcoin price started at sub $7k this year, it rise to $9K so it's not possible it will rise to $15k by halving time.

[djgtr]

A token that is non-existent have no effect on traders.  Libra has yet to be launched so there is no good or bad thing about it.  In short, it has no effect on the market  yet.  Aside from that, being announced as stablecoins, Libra is not good to get profit from since its price is fixed.  I have no idea how it will affect crypto traders when it has little to no volatility if ever launched.

Everything in libra these days eversince last years discussions was generally a myth and not reliable for now. As long as this potential coins hasn't entered the market of any exchanges, I don't think we have an assurance to that. Getting profit is not a good idea, since it wasn't yet a token or coin and there is no products associated to it to be called as strong asset.

[pixie85]

As far as I understand Libra is a kind of stable coin so there won't be any trading opportunities with it. I think it will be primarily used in the FB ecosystem sending to other users as simple as sending messages so it will have a huge adoption to the Libra and to the crypto as well. Facebook will not give up on its plan of launching IIMO we will hope for the best in terms of regulatory approval.

The only positive thing about Libra is that if it succeeds it will open a new market for crypto which is a market of facebook users who never heard about cryptocurrencies a think of them as too difficult and too technical. It's better for them to use libra and maybe learn something along the way than still use fiat.

If it doesn't happen and Libra gets rejected it's all fine. We had a 20 thousand dollar bitcoin without Libra!

[Brunus]

Libra seems to me simply a scam in the grand style devised by Zuckenberg to accumulate even more money and power behind those who do not understand the most basic mechanisms of the economy and money. (and obviously crypto)
I don't know what will happen, maybe it's a good investment.
I do not like it.

[TimeTeller]

Libra seems to me simply a scam in the grand style devised by Zuckenberg to accumulate even more money and power behind those who do not understand the most basic mechanisms of the economy and money. (and obviously crypto)
I don't know what will happen, maybe it's a good investment.
I do not like it.

We can't say anything yet about its future because it has not been introduced to the public.
There are so many drama around it, so I don't know what they are doing behind to push it thru.
If Zuck will be successful in finally launching it to the public and have actual operations, from that time, we will slowly see what's gonna be in it for Libra.
But this early, we can't tell yet because we don't know exactly what benefits or advantages this is for a crypto user or for FB user.

[Endikadija]

Libra seems to me simply a scam in the grand style devised by Zuckenberg to accumulate even more money and power behind those who do not understand the most basic mechanisms of the economy and money. (and obviously crypto)
I don't know what will happen, maybe it's a good investment.
I do not like it.

It's not even an investment and when you are seeing stable coin like USDT and it will be very similar as that caused by libra will be also become the stable coin and i just expect it to be backed by fiat money like dollar too.
There is no something wrong with it as long as it will be used on facebook ecosystem too but again if it's not even an investment for investors.

[Tash]

Libra seems to me simply a scam in the grand style devised by Zuckenberg to accumulate even more money and power behind those who do not understand the most basic mechanisms of the economy and money. (and obviously crypto)
I don't know what will happen, maybe it's a good investment.
I do not like it.

It's not even an investment and when you are seeing stable coin like USDT and it will be very similar as that caused by libra will be also become the stable coin and i just expect it to be backed by fiat money like dollar too.
There is no something wrong with it as long as it will be used on facebook ecosystem too but again if it's not even an investment for investors.

Correct, to receive a digital version of fiat never will be an investment the net result will always be a loss (fees)
Most likely it want happen anyway as money must be available to anyone, no matter who you are, Facebook has people banned already.
Imagine the mayhem if select people allowed to have money.

[TrevorS]

I think this is neither good nor bad. We do not know what specific problems and difficulties the crypto community will face after the Libra project enters the market.
Perhaps this will provoke uncontrolled growth, perhaps on the contrary, a severe crisis. The fact that they are discussing the project but do not close is already a reason for joy.