Is libra (from facebook) will be a good invest ?

[shinratensei_]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

I don't think so

Im willing to give you a small explanation about that and there are some points that you must know about libra

1. Libra is not an investment purpose and it's just another stable coin that is the same as USDT, USDC and other stable coins which pegged to the fiat money as a commodity that brings it the stable value and removes the volatility
2. It will be used as a daily payment system. In my opinion, if this will be used in your daily life such as pay your bill, food, shopping, etc (when you are wanna using the service in the facebook platform and it may become the main payment method)

3. Libra is not a cryptocurrency and it's much more as a digital currency just like fiat digital currency that will be issued by the government in the future.

[Chrystora123]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

Based on the information I heard, Libra coin is a Stable Coin.. so if you expect big profits in a short time, I don't think that will happen.
if you want to make a quick profit, you can choose to invest in Bitcoin, Bitcoin Cash, Dash or other cryptocurrencies that have high fluctuations.

[mandor]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

I think to get a quick profit Libra is not a suitable coin but maybe you can choose Bitcoin to make a quick profit. while this Libra coin has still not yet been launched and we still don't know the performance of this coin. i think for now you better choose to invest in Bitcoin before Libra is launched because Bitcoin is more suitable for long or short term investments than Libra.

[ajeef]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

I think every coin is good for quick profits because there must be a time that the coins is pumped by the whales and if we're knowing when the time is coming we could get profits. But for a long time i think it's not really good because the project itself is not really supported by the facebook.

[adroitful_one]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

I think every coin is good for quick profits because there must be a time that the coins is pumped by the whales and if we're knowing when the time is coming we could get profits. But for a long time i think it's not really good because the project itself is not really supported by the facebook.

Are you suggesting that this person should invest in Libra, a stable coin, because the whales will pump up the price and he will make profit? That's just no how any of this works. This coin is going to be more centered around buying into it during an all time high as a store of value in order to buy back in at a lower price. It's not something you can expect to make any profit off of by investing into it. It's going to be a stable coin. That is, if they don't cancel the failed project.

[Henrytrust]

The Facebook libra coin has been embattled for a long time, and I wouldn't want to join the project until I'm certain that the government is in support of the project. I personally won't rush into the project upon launch or invest a very small amount.

[Reatim]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

i certainly buy Libra because i think there is part of this that will have a good future since this is backed up by Facebook.
having this Big company backing up?sure Libra is a safer currency to hold like for long year since i am ready for long term holding currencies and i have been waiting for this one in years though there are some complications from Trump government yet i want it to have.
i agreed on someone hating libra or doubting this but me?i am not lol.

[Kasabus]

i certainly buy Libra because i think there is part of this that will have a good future since this is backed up by Facebook.

That if Libra is still open for sale once its launch, they don't need our money anymore, they are a big business so they can fund this project with their resources, so you can't buy and expect to get profit because most probably if we will buy, we will just use it for online transaction.

[princecharles]

The libra project is taking a long time to launch. It's been over 9 months since we heard about the project and they have been several set backs and battles with the United States government. I actually don't know what is going on presently, but I don't see the project getting the support of the government.

[Tash]

The libra project is taking a long time to launch. It's been over 9 months since we heard about the project and they have been several set backs and battles with the United States government. I actually don't know what is going on presently, but I don't see the project getting the support of the government.

Every single time in the past when a company made the own money it was shut down, it was just a matter of time. If not there is instand red flags all over the place.
Secondary Facebook has people banned form there side, that is a absolute no-no everyone has a right to have money. Banning people to have money is not a realistic place to be.

[Gheka]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

I think to get a quick profit Libra is not a suitable coin but maybe you can choose Bitcoin to make a quick profit. while this Libra coin has still not yet been launched and we still don't know the performance of this coin. i think for now you better choose to invest in Bitcoin before Libra is launched because Bitcoin is more suitable for long or short term investments than Libra.

Although we have heard that Libra is a stable and regulated coin but right now, it hasn't been released yet, how stable libra will be is still a mystery, if libra is really stable like usdt or fiat, it will definitely not bring about quick returns and investing in it will only provide the highest level of security. However, its stability here is about steady and slow development, Libra can be placed on the investment list when the facebook group and sponsors are not small, they will probably stimulate people's demand

[el kaka22]

From what I have heard so far, it will be a stablecoin, you can't "invest" into a stablecoin. What you may never know and should have learned by now is that, it will be kinda like "1 libra= 1 dollars" so all in all no matter how much libra you buy, it will never go up.

However, it is of course a good idea to have as much of it as possible when it first comes out and then promote it everywhere you go, try to ask people if they accept libra, ask online places if they will have option of payment in libra, basically promote it for mass adoption. If you do that and Libra gets adopted by a lot of people, you will realize that bitcoin and all other coins will go up as well because libra being used means there is a bigger door opened to public from the door libra opened.

[fortunecrypto]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

Libra coin is their biggest and first venture in the Cryptocurrency, they will do everything to make it a huge success, because they are not only competing with Bitcoin, they are also competing with China and since they have the means and the resources they can make it into the top 10 in a short period of time.

[SMOKEU]

haven't heard any news about the libra coin since it was announced. for me its a no for investment, id rather invest in other altcoins than with this one

[Oceat]

The Facebook libra coin has been embattled for a long time, and I wouldn't want to join the project until I'm certain that the government is in support of the project. I personally won't rush into the project upon launch or invest a very small amount.

I think it would be better to wait of what would be the decision of the majority. But for me I wouldn't want to expect too much from it because I can feel what is really going to happen if I expect too much from it just like what did happen to the bakkt that is too hype up yet it turns out that it has nothing that much to do with the market.

[chip1994]

Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?

libra is still in the process of hearing and the opportunity of establishment is gradually becoming more fragile.  You know, the parliament is very fierce in investigating Libra's business issues, it's related to money laundering actions, so it needs a closer investigation.  Therefore, if Libra is established, it will most likely not work best because it will be strictly controlled by the government.  so investing in libra is no longer a good idea now, government control will make it worse.  You should use money to invest in top alts or bitcoins.  it will bring you safe profits instead of investing in such risky projects.

[415jeremy]

Libra will be stable (in case it will be launched). So at least you won't loose your funds.

[Mafdet]

As far as I remember some big companies pull out being part of the project when Mark Zuckerberg had an issue in the government congress?

Is Libra still on progress? 

[shinratensei_]

As far as I remember some big companies pull out being part of the project when Mark Zuckerberg had an issue in the government congress?

Some members like VISA have been going out from the callibra association that caused by there were a lot of uncertainties with the regulation approval by some countries especially USA that the majority of bankers and regulators have become the opposite thing for callibra. They were not giving approval for callibra development to be operated in US. Some EU countries were also banning it too.
Last week vodafone was leaving facebook callibra association too
https://cointelegraph.com/news/british-telecoms-giant-latest-member-to-bail-on-libra-association

Is Libra still on progress?  

Yes it is, You can check it directly here https://developers.libra.org/

[Japinat]

Of course the Libra project is good to invest, Libra has strong support from big companies, the problem is regulation, there are many parties who oppose Libra, and I hear some big companies are also out there, hopefully Libra will continue to run and run smoothly

Big company maybe against Libra but they can't do anything about the fate of Libra since they are not in control.
In a world of business, only the government regulate the company and therefore they are the ones who are in control, whether to approve or to deny.