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Author Topic: An uncertain future of Libra! Is it good for the crypto traders?  (Read 406 times)
pixie85
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January 19, 2020, 09:45:20 PM
 #81

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!

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January 19, 2020, 11:26:32 PM
 #82

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.

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January 19, 2020, 11:37:21 PM
 #83

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.
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January 20, 2020, 12:34:57 AM
 #84

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.
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January 20, 2020, 12:15:48 PM
 #85

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.

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January 23, 2020, 08:20:41 PM
 #86

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.

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