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

[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!