Post
Topic
Board Economics
Re: How Will FB Coin/JPM Coin Impact the Cryptocurrency Ecosystem?
by
guoyu78
on 19/06/2019, 09:29:56 UTC
I don't really care about JPM coin and it was already hated and it won't succeed. But talking about Fbcoin, I feel already going crazy on what is going to happen when it gets release and listed. I know that many whale traders or rich traders group will use this opportunity to ride its wave and pump a lot of the digital assets. Just imagine that magic of Fb's Globalcoin getting paired not just with btc but also with the several top altcoins.
I already see disappointment for those who think they can use Facebook coin to make money. There is need to start having it in mind by any investor that the same way they are not able to use stable coin for investment unlike volatile coins like Bitcoin and the rest is the same way they might not be able to use Facebook coin for investment, other than they purchase it for internal use if they have any business deal with Facebook, or just use it to keep the value of their crypto equivalent a fiat because Facebook coin will not be so different from tether which will certainly be pegged to either USD or any other currency without having any price fluctuation, so I do not see how the whales can benefit in it.