If Facebook launches LIBRA then nobody will invest in it

[adzino]

-snip-

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.

Where did you get this information? First of all, facebook never announced any ICO or crowdfunding event. Secondly it is a stable coin backed by a fiat currency (not sure about this part, but since it is a stable coin, highly likely backed by something). Why would someone want to invest in a stable coin? You won't make any profit. People might use it to make regular transactions. And how are they going to earn more bitcoin from stable coin? Did they mention anything about exchanging Libra with only bitcoin?

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

Lol, what?

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[MCDev]

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

[ololajulo]

What is important is the use case of the coin, as long as the use case is engaged and volume of use increase exchanges will demand for it and will become a store of value through the bull market to the bear. Investment from individuasl is no more as important like the institutions and we know what the option of Facebook would be. A profit of 4x is possible for investors with the hype of the institution behind it and the platform that will be engaged. Stable coin is the easiest coin to increase in marketcap as long it is used and have certain amount in the bank to defend the marketcap,

[passwordnow]

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.

Success is given as long as it's being done by a successful company. No doubt that this stable coin is likely to be one of the most known even with the short period of time that it will be compare to other stable coins that has been around for years.

I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

But nothing changes the fact that these two are centralized stable coins.

[n0ne]

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

Whenever a Centralized authority gets into the market the usage rises, but the impact created by the same will be for a short term. In recent days PayPal has done it. With the addition of bitcoin it has been the talk of the town and the same has made more people know about bitcoin. Same as this with the launch of Libra facebook help with more people starting the usage of cryptocurrencies. Already for legal compliance it paused the launch of Libra. Lets see whats gonna happen this time.

[Hamphser]

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

Probably the thing might happen because if we do just base off into the number of users of Facebook then its impossible that they wont really be putting up some attention to it when Facebook do
really made out some announcement about their LIBRA coin and theres no doubt that this would be an another stable coin and i cant say that it would really affect the cryptocurrency as a whole
but at least this will be some good advertisement in cryptocurrency but to think off that this isnt included into the criteria of being a crypto.So this is just simply an another
stable centralized coin. Nobody will be investing on it? its impossible because people do always see some opportunity when everything is being hyped up.

[Wawa2013]

Facebook's goal in creating Libra is not for investment, but Facebook wants to create a global currency that can be used all over the world.
Therefore the US government does not agree with the Libra project, because the government is afraid that Libra will replace the US Dollar.
So it is clear that Facebook intended to create Libra become currency, not as assets.

[bayu7adi]

So it is clear that Facebook intended to create Libra become currency, not as assets.

Mark is trying to create his own payment ecosystem that he fully controls but with less complicated regulations. This kind of thing is likely to make it easier for Facebook to develop its advertising business, considering that many people are interested in using advertising services from Faceboook.

With LIBRA, it becomes easier for us to make transactions without going through the bank to place service orders. Meanwhile, transactions through the bank will only occur when we buy the LIBRA stable coin.

With the LIBRA coin, will 2.8 billion people know about cryptocurrency?

[bitkanu]

Facebook is one of the largest companies in the world at the moment, if Facebook launches Libra it will surely get people's attention and success.
I think Libra will be a big competitor to USDT, which gives people more stablecoin options.

There's no libra and it's dead. It has been rebranding into the DIEM project that will be focused into the stable coin. Libra will not be a competitor for USDT as this coin is only wanna facilitating the users from the facebook and whats app.
I think that it's quite different from the USDT. You must also see the vision of DIEM.

[nrvasquez]

Facebook's goal in creating Libra is not for investment, but Facebook wants to create a global currency that can be used all over the world.
Therefore the US government does not agree with the Libra project, because the government is afraid that Libra will replace the US Dollar.
So it is clear that Facebook intended to create Libra become currency, not as assets.

it's not a matter of fear or fearlessness, it's because if Libra really does succeed without passing the proper audits, that's a huge problem. Libra is a project or coin created by a large party that has millions of users (Facebook), you know what the outcome will be if they pass the audit with a rudimentary structure.

[icalical]

That's true that nobody will 'invest' in Libra when it launched, but it's not like Libra need investment either. Facebook doesn't make Libra for investment purposes, they make it as a payment method in the facebook.inc platform like Facebook, WhatsApp and Instagram. So that people not only can list their product on the platform but also do the transaction directly in the platform. Though, you are able to invest or speculate in Libra, I don't think that invest or speculate in a coin that is very centralized and controlled by a single entity is a wise choice.

[perla]

Facebook is a big company and I'm not sure they will just something that they know no one will invest to it, maybe for some people they won't look at it as useful for them but for other we might not know.

[slashz9]

they will create or think of a way to benefit investors who buy their coins.
Facebook is a giant social networking site, and I think your predictions are still inferior to their predictions or predictions if it is launched.

[kandarAB]

Libra will be popular among the Cryptocurrency world, they have a lot of capital to carry out promotions later, but you also need to know how the interest of investors is in valuing the coin, if Libra has good progress then the project will be surrounded by investors, if not, they are nobody here.

[Salauddin1994]

Facebook is a very popular medium as a medium of social communication if facebook launches libra whether anyone will invest in it will depend on the reliability of their projects and the demand for investment providing benefits in all aspects like crypto will gradually increase its progress. At present it is very difficult to predict the future no company has yet launched such projects for such investments.

[WalkerIVIV]

Libra will be popular among the Cryptocurrency world, they have a lot of capital to carry out promotions later, but you also need to know how the interest of investors is in valuing the coin, if Libra has good progress then the project will be surrounded by investors, if not, they are nobody here.

No more libra and this is the era for diem coin. Diem needs to build the trust again from the investors. There are so many partnerships that have been going out.
Diem will have a lot of home work. Diem is still having a lot of supporters and some 3rd platforms have prepared the wallet for diem.

[el kaka22]

I agree, there will be tens of billions of dollars "invested" in it as in people will buy it for purposes of using it, just like we do with USDT for example or any other stablecoin, we have billions of dollars worth of it in the market and I believe it is going to be same and even more when Libra becomes a reality which I think is still few years away.

However I also do agree that nobody will invest in it, in the sense that they may want to make a profit, which is impossible because you can't make a profit from a stable coin, it is always the same money. I knew a guy who tried it for a while, he wanted to buy it at 97-98 cents range and sell at 1.01 or 1.02 range, which does happen during dumps and pumps of bitcoin price, but it was too hard and too little income and rarely ever happened, so he stopped.

[istiak2277]

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 are so many projects that issued their stable coin beside their main project token. Still, they got investors. Also, a stable coin is not like something that will give a high return of investment so people won't buy them as an investment plan. They are just to avoid market volatility. You didn't mention any points why you think that stable coin will not get any attraction in the market.

[seagates]

Everyone should avoid libra, it will give too much power to facebook

[VDraci]

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