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

[hirngespenst]

I haven't enough idea about Facebook's Libra cryptocurrency, but I heard it will be a stable coin and Libra can be used to purchase facebook's services! If it is true then I don't think investing in Libra will be profitable! But if it is not a stable coin, then yes, investing in Libra coin will turn into huge profit for sure. Because Facebook is the largest social network ever, they have millions of active users, so, the hype, price everything will be high for Libra coin!

[beerlover]

I hope they will comeback soon enough when they realize Libra may actually still work, the other possibility scares me. Think about it, one company is trying to build a stablecoin and the government is against it, and this is a company that is as big as Facebook yet they are not letting it be, meanwhile people are using USDT or USDC or whatever like nothing is going on.

If you think they are not allowing Libra to exist and work properly, do you really think they allowed tether to exist at the same time?

If they didn't allowed Libra that means they are not allowing Tether neither yet people do not realize this and use Tether like its something very legit and works according to law, that is not the deal here at all, they are very illegal and very against the law.

[Tash]

I hope they will comeback soon enough when they realize Libra may actually still work, the other possibility scares me. Think about it, one company is trying to build a stablecoin and the government is against it, and this is a company that is as big as Facebook yet they are not letting it be, meanwhile people are using USDT or USDC or whatever like nothing is going on.

If you think they are not allowing Libra to exist and work properly, do you really think they allowed tether to exist at the same time?

If they didn't allowed Libra that means they are not allowing Tether neither yet people do not realize this and use Tether like its something very legit and works according to law, that is not the deal here at all, they are very illegal and very against the law.

Liberty reserve was operating for 12 years before being shut down.

Also shut down
https://en.wikipedia.org/wiki/Liberty_dollar_(private_currency)
and every other private currency in the past

[milewilda]

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 ?

The question is, do this project would able to make it through? There were lots of issues towards Libra project which been highly opposed nor blocked by government.

When we do talk about profitability or quick money then its on high chance because this project will surely be hyped yet we know on how popular facebook is worldwide.
So no doubt on the adoption and demand.For making money then it will vary or depend on how early you to able to get in.

[VeeTeaSee]

i may be missing something but .. wasn't Libra supposed to be a stable coin??

[carlisle1]

i may be missing something but .. wasn't Libra supposed to be a stable coin??

yes it is a stable coin mate,and also  backed up by FaceBook.
you are not missing anything buddy.

The question is, do this project would able to make it through? There were lots of issues towards Libra project which been highly opposed nor blocked by government.

it won't be blocked knowing how popular FaceBook is?of course they will sort then issue before the launch.but profitable?i don't think so since this is stable currency.

[slaman29]

I hope they will comeback soon enough when they realize Libra may actually still work, the other possibility scares me. Think about it, one company is trying to build a stablecoin and the government is against it, and this is a company that is as big as Facebook yet they are not letting it be, meanwhile people are using USDT or USDC or whatever like nothing is going on.

You have to remember that Facebook made a lot of people angry in the US when they practically stole people's data and sold it to make money, and some people still blame them for making the elections happen the way it did (even though I think Trump would have won anyway).

I think everyone should be working hard to stop corporate powers from being even more powerful so Libra getting killed should be good news for us all.

[Japinat]

I hope they will comeback soon enough when they realize Libra may actually still work, the other possibility scares me. Think about it, one company is trying to build a stablecoin and the government is against it, and this is a company that is as big as Facebook yet they are not letting it be, meanwhile people are using USDT or USDC or whatever like nothing is going on.

You have to remember that Facebook made a lot of people angry in the US when they practically stole people's data and sold it to make money, and some people still blame them for making the elections happen the way it did (even though I think Trump would have won anyway).

I think everyone should be working hard to stop corporate powers from being even more powerful so Libra getting killed should be good news for us all.

I am not sure I would agree with you, AFAIK, facebook is not the one stealing data, that's according to the news.
Facebook says 14m accounts had personal data stolen in recent breach

It was basically a breach that hackers have access their data and they also needs to be liable for that, not for stealing but for not putting a high security to protect the system effectively from any possible attack.

[barbara44]

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 ?

Once they launch, it might be a good source for quick profit because a lot of people are thinking that libra coin would have a massive pump once they are launched but I do not think this might be the case. Libra coins have some properties which are somewhat opposite than a decentralized cryptocurrency which might make Libra a stable coin which would only move few cents in daily or weekly charts. This might not give any benefits for the traders and hence traders might move onto some other coin for investments.

Libra would be a good coin to invest if you think about long term because in coming times, facebook would strongly promote their coin which would bring a lot of attention from investors globally which might make a good price pump in the coming times. Surely, you would need to wait for some long time in order to see profits from the libra coin.

[Bitze]

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 ?

so i will stay away from libra. i think it's good if something mainstream is added but facebook and consortia have enough influence on the current world in my opinion.
that doesn't need to be strengthened.

[tbterryboy]

The question is, do this project would able to make it through? There were lots of issues towards Libra project which been highly opposed nor blocked by government.

it won't be blocked knowing how popular FaceBook is?of course they will sort then issue before the launch.but profitable?i don't think so since this is stable currency.

Libra coin would actually be good for the people who carry forward their advertisements over facebook. They can easily pay for such advertisements with libra coin and hence they might seem using libra more suitable for them. I think this is the major reason behind why facebook is launching it's own coin. They want a payment method to support their internal financial monetary affairs and libra coin would be a best selection in this case.

Investing in Libra would not be beneficial for us as traders but for those who want to gain benefits from the most grown platform like facebook by promoting their products/services onto the network would surely find it beneficial.

[shinratensei_]

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 regulates the company and therefore they are the ones who are in control, whether to approve or to deny.

You said that big company against libra but the fact if the majority if big companies are still supporting libra through its alliance and how you can say if those companies are against libra right now?
Libra is fully controlled by Facebook and the problem is regulation is feeling worried of the financial sector in any countries can be controlled by the major companies like facebook through use its domination to create a new payment system that can be threated the traditional payment system that has already made by the bankers and government.

You must know the real problem that faced by libra is about the approval from the potential countries.

[Quidat]

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 ?

For quick profit., Yes.. but for long term aspect then it would be a gamble because you wouldnt know if this one would succeed or would be just good on initial aspect
but if this one would be majorly used by fb platform then this would succeed and make money to those who early invested but this would really be like a gamble.
If you can gamble then you can take risk and who knows if this one would make huge profit.The question now about this one, would it able to launch?

[Doranile432]

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 not completed yet, its presently facing many challenges too and even if it get launched later it will be a stable coin so tell me, how can you make profits out of a stable coin? it means you know nothing about Libra, work more on your research