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Author Topic: An uncertain future of Libra! Is it good for the crypto traders?  (Read 405 times)
dark08
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January 17, 2020, 02:43:02 PM
 #61

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.

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January 17, 2020, 03:43:30 PM
 #62

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.
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January 17, 2020, 03:57:06 PM
 #63

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.

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January 18, 2020, 11:19:26 PM
 #64

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.

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January 18, 2020, 11:36:25 PM
 #65

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  Grin

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January 18, 2020, 11:41:58 PM
 #66

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.

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January 18, 2020, 11:48:08 PM
 #67

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.



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January 19, 2020, 02:14:03 AM
 #68


"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

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January 19, 2020, 02:21:36 AM
 #69

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?

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January 19, 2020, 02:24:50 AM
 #70


"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. 

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January 19, 2020, 02:32:22 AM
 #71

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
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January 19, 2020, 03:56:17 AM
 #72

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.

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January 19, 2020, 04:47:03 AM
 #73

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.

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January 19, 2020, 06:07:13 AM
 #74

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.


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January 19, 2020, 07:10:52 AM
 #75

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.

 
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January 19, 2020, 10:12:57 AM
 #76

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.

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January 19, 2020, 11:40:42 AM
 #77

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.
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January 19, 2020, 12:07:03 PM
 #78

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.

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January 19, 2020, 12:28:48 PM
 #79

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.

 
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January 19, 2020, 09:35:34 PM
 #80

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.

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