If Facebook launches LIBRA then nobody will invest in it

[pandanaran]

if I'm not mistaken it's not LIBRA but DIEMCOIN. Facebook company will release a token early next year and change its name to Diemcoin. do not be pessimistic, not necessarily what you think is right. whose name is an investor or trader, of course you know better which one to choose. if they think it is profitable they will take it.

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[robelneo]

As it stands libra has gotten substantial investment from various companies and I'm certain that many more people would be willing to invest into the project. Facebook is a viable company and they may overtake other stablecoin that are in existence due to the trust they've gained over the years from the public.

Things are different now, they have a new head a new name, and a new composition of the team we will see in their official announcement if they come through on this one, they have a good potential in the market, one good example of a company adopting Cryptocurrency is Paypal integrating Cryptocurrency in their platform, so far things are looking good for all of us, only the all-time high is the one event we're waiting to happen.

[kevincandra]

it depends on the investor, if investors like Libra coin then they will still invest in it. as long as the coin can generate good returns for its users then interest in investing will remain. vice versa, but I hope the presence of the Libra coin can attract higher market adoption.

[Yudhisthir]

if I'm not mistaken it's not LIBRA but DIEMCOIN. Facebook company will release a token early next year and change its name to Diemcoin. do not be pessimistic, not necessarily what you think is right. whose name is an investor or trader, of course you know better which one to choose. if they think it is profitable they will take it.

Yeah, they changed the name as the last one brought many controversies and many companies opting in and opting out of it. The project was nearly out of news and now suddenly they seem to have a roadmap ahead. Maybe they were waiting for a change in the government in the US. Not sure if that's a good or bad news for general people and their privacy.

[Winscosinally]

If Facebook launches LIBRA then nobody will invest in it

Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.

All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.

I can't believe you said that stable coins are created to earn more bitcoin, how is this possible? If stable coins aren't working for their main purposes why would they exists in the first place? It doesn't make any sense, it's like you don't know what stable coins does, do research on that, and about Libra there is no reason to invest because it's not volatility, it's stable coin, will be useful to pegged assets to USD, it works like charm

[Dr.Osh]

think again. I think even people who don't understand cryptocurrency, or business people who are on Facebook will use Libra if Libra really does launch. You know that Facebook has very many users in this world and very many business people on Facebook. You can see it in the marketplace on Facebook. I think a lot of people will be interested in that. Moreover, I suspect that Facebook will provide the task of generating Libra in order to attract enthusiasts.

[modellao6]

I dont think so，on the contrary，i think Libra is likely to succeed，and the top ten will have its place. The reason is simple，just due to Libre is launching by an international enterprise like Facebook，with abundant capital，the most solid step has been taken.

[nikola22]

Libra won't be a coin for investment because it will be pegged to fiat currencies like US dollar or euro. so it will be used for banking services or like a mean of payment on Facebook and related sites.

[Anonylz]

If Facebook launches LIBRA then nobody will invest in it

Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.

All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.

Probably but how are other stable coins like USDT making their money? I'm sure they aren't doing free work pegging digital currency to Fiat, what's more important to facebook is making more money out of libra, whether people invest or not is not the top priority, if libra can be available for traders on Centralized exchanges then that's all

Yeah I guess through commission or something similar is the way usdt could be making their money, between I assume libra already have institutional investors to fund the project so whether individuals invest or not won't be an issue to the development of the project.

[Ghondronk]

It depends on Facebook's strategy when launching Libra. If they merely focusing on gathering more Bitcoins, then it may not work. But if it becomes a stable altcoin which can perform better than Ethereum, then people who did not care about Libra initially will get disappointed about their own decision.