If Facebook launches LIBRA then nobody will invest in it

[Mrengage]

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.

It's on your own opinion to think that people won't venture in, trust me crypto is tricky before you knew it the bigger boys will get in and hype the project and as well make out money so you never can tell.

[stomachgrowls]

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.

Try to look into their whitepaper or roadmap on whats Libra is all about.Its nothing new that earning is one of its benefits but if you do look into the broader side then it is all about utility.

It doesnt matter if this one is a typical volatile crypto or a stable coin but Libra would really have its own purpose.Saying that no one will invest on it? Try to look on how many
users had been on this platform?

You might have that in mind that people wont be investing on it but considering to those millions or even billions of users of facebook then you would really consider that there
would be someone will tend to invest on it no matter what.

Lets see on how this project will progress and lets see if it do succeed but on general view then i dont really care that much since this one isnt really truly a decentralized thing.

[LUCKMCFLY]

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.

There is a topic that is advertising, and Facebook has a lot of power in it, most people on Facebook, Instagram have no idea about technology, they just like to be in fashion, and the machinery that Facebook has moves those emotions to channel them to buy, so much so that even China was afraid of Libra, everything is a matter of waiting.

[DashingAgent]

No BODY will invest in it because if they buy $100 of facebook libra and hold it for years, its value will always be $100 while if they put $100 in btc, then they will get 10x in a few years, furthermore, putting your $100 in facebooks libra will only increase the Mark Zuckerburgs+ Facebooks investors investment in BTC

^ This is ridiculous I am not sure where from earth came this idea of OP that no one will be investing in Libra if Facebook will launch it. If that is the case then why should Facebook will create their own stable coin if no one will patronize it or if it has no use at all. Nevertheless, we all know that Facebook is one of the most influential social media platforms nowadays and try to imagine the number of their account holders with this, we cannot jump to the conclusion that none of them would get curious and try owning at least one. Probably OP just wants to annoy people in this community as per the topics that he posted previously and I am not sure if he joins this community voluntarily or someone asked him to do so in exchange for something.

[DashingAgent]

Why people will waste their money? they can easily pay with crypto to facebook or can use the paypal or bank to pay to facebook while if they purchase libra, they have to first pay for btc+exchange fee then they will get the services. Even paying with fiat will be cheap

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.

It's on your own opinion to think that people won't venture in, trust me crypto is tricky before you knew it the bigger boys will get in and hype the project and as well make out money so you never can tell.

[noorman0]

For your information, Libra company has now changed its brand to "DIEM" in order to meet regulatory standards and emphasize the independence from Facebook. https://cointelegraph.com/news/libra-rebrands-to-diem-hoping-to-shake-off-associations

So this topic is just a coachman debate, Libra honestly won't be continued. On the other hand, DIEM (Libra) Company will be out in January next year.

[minhkhoa]

I don't think so because the appeal from Facebook is so great. Therefore, the launch of LIBRA by Facebook could be very favorable for investors. When Facebook has in hand the number of people using it as advertising, the capitalization of Facebook. Will LIBRA be the coin worth waiting for for the long-term strategy of Facebook in 2021?

[Question123]

We do not know if the many people will try to invest to the Libra coin even that is stable coin. But as a investors and trader I would make an even 1 percent interest for the coin who are stable coin because I will not make any profit on that.

Other people are scared on the news before when facebook announced the launching of the Libra because they think it will have big impact to the cryptocurrency but after few months they know they did not affect the crypto.

[XZERO1]

It depends on your definition of investing, if you mean investing to gain profit I agree, but that's not the only condition that persuade people to put money on a coin and increase the marketcap and trading volume of a coin, you think people put their money on USDT to gain profit or keep their assets equivalent value in USD so that they don't lose any money?

Have you looked at USDT(Tether) market cap?, it's 4th in marketcap ranking, it's true that these ranking can be inaccurate at times but I believe the real ranking(after deducting fake liquidity and volume) won't be that different, it's true that Facebook is highly centralized so if they release their own coin that would be centralized as well, but considering how much fud is behind USDT(which some of it is based on reality) I think people would prefer using Libra over Tether and I don't think it will take that long for Libra to take the place of USDT in the market, I personally would not use it because a centralized platform is behind it and I will still be using the other stable coin options, but unfortunately I think most people wouldn't care.

[nemey]

investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.

[FanEagle]

Libra is not something you invest into, stable coins are not something you invest into, they are just there for you to make trading easier. Nobody "invests" into USDT for example, they just let it be and that is why it worths so much in marketcap because they are capable of printing as much as they want as long as people are willing to use it.

It means stable coins in the Libra shape from Facebook or any other big company that wants to do it, will worth even more, maybe as much as bitcoin one day. But none of it will be per libra, it will be marketcap because one usdt will always worth one dollar, I assume they will do the same with one libra equals one dollar type of deal as well.

[Josefjix]

investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.

Stable coins are not meant to be invested in, they are just there for controlling your asset to a pegged and fixed amount in physical USD value of it on the exchange when you might have converted all your volatile coins to them. So, investment in stable coins can be overruled for profit.

[Chrystora123]

investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.

I am very skeptical about the future of Libra, it is still unclear whether Libra will be a stablecoin (like USDT or something) or not.  Libra is another business from mark Zuck, now we know Mark as the king of social media because he monopolizes big social media like Instagram and WhatsApp..

When Libra launches and attracts interest Mark will make a huge profit and the matter is whether the impact will be positive on the crypto community?  I'm not really interested in the Libra project, I'm more interested in cryptocurrencies that have long emerged like Bitcoin, ETH, BNB, EOS, Tron, etc..

[imstillthebest]

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.

what about when the launch of usdt before do you also predicted that no people will use it . users can benefit in stable coin its name says it all . when a user trade his coin to stable coin , he didnt earn more btc thru it but he can secure the value of his current btc and he can buy more btc and repeat the process to earn more stable profit . they dont create stable coins to earn a btc because btc isnt the only coin that can be traded in stable coin .

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

anyone can predict and its free . no one takes prediction seriously and whales dont just give free money for prediction because they are good at it .

[Kong Hey Pakboy]

investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.

Stable coins are not meant to be invested in, they are just there for controlling your asset to a pegged and fixed amount in physical USD value of it on the exchange when you might have converted all your volatile coins to them. So, investment in stable coins can be overruled for profit.

Indeed. Stable coins are not meant for investment because you won't get any profit from it. Stable coins are only good as a safe haven asset when we are experiencing a bear market to limit our losses. That is why a lot of people and investors hates Facebook's Libra coin because it is a stable coin and it is centralized.

[batang_bitcoin]

I've seen some people that are interested in "buying and investing" in it. But you have said it right that there's no point in investing in a stable coin.
Just like the other stable coins that we've got, it's aim is to create a payment system that shall be recognized by the crypto community. Actually, they don't have to create it because they already have facebook pay. But because of the trend of cryptos, they have to make one.

When Facebook talked about launching their coin, there was widespread hype in the crypto community about libra. The main reason for this was that it took time for the crypto community to realize that investing in a stable coin would not be profitable.

However, since it will be a Facebook coin, there will be a demand for this coin. Because Facebook users can use these coin to use different services of Facebook without other payment methods. So this project will help Facebook users to get more services easily.

I was also hyped when they've first announced it. But after learning that it's going to be a stable coin then that's all where the hype stops. They are intending to get into a payment system and being used by most people. That's their target market. They are still into the usage of their coin and not all about it being as an investment. I think the main reason for that is the decision of Mark. He has set of posts about cryptocurrencies when it was the bull run of 2017.

[usekevin]

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.

Clearly you said it was your opinion and we don't know, how the people will react for it.Let us wait, till the launch. If the people interest had increased, it will be massive rise in LIBRA price.Facebook had a huge users and so the advertising for the project is no needed one in facebook.When the product is launched, surely the whale will had his impact on the price.

[acdc]

Stablecoins were not created with the intention of people investing to make a profit, stablecoins were created with the purpose of helping people keep their money safe.
If facebook launches Libra I think it will attract many users, facebook is a big company and they know how to advertise.

[posi]

Firstly, you can't speak for all crypto investors.

Secondly, 95% of all crypto enthusiast are into for the profit and if Libra introduced unique airdrop alot of investors will invest in Libra.

Thirdly, some people will still invest in the Libra despite its going to be a stablecoin cause some stablecoin with your reputable team launch their project and they are still supported by the communities. Meanwhile, the Libra concept was to be a global digital currency.

[Oshosondy]

Stablecoins were not created with the intention of people investing to make a profit, stablecoins were created with the purpose of helping people keep their money safe.
If facebook launches Libra I think it will attract many users, facebook is a big company and they know how to advertise.

Stable coins can be a safe haven during:

1. Price downside of unstable cryptocurrencies
2. Also by a way of keeping money safe. I do not know how Libra will work but as for other stable coins that I know, you can make use of hardware wallet to hold many of them with you privacy not breached to the outside world. I like cryptocurrencies for that.

Libra will truly attract people because it is a stable coin and it will be launched by a famous Facebook owner.