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

[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.