Post
Topic
Board Altcoin Discussion
Re: Libra (Facebook coin) - All in one.
by
nutildah
on 21/06/2019, 08:48:25 UTC
I recommend all you guys don't hop on Libra instantly when its started, because price will drop (as we always witness) months later, when FOMO effects go away. If you want to buy that coin, you should wait months later, then you will have better price, to buy Libra.

I was about to merit this but unfortunately you missed out on the fact that Libra is being launched as a stablecoin.

From Reuters:

Quote
Like a variety of altcoins known as “stablecoins,” Libra will be backed by a reserve of real-world assets, including bank deposits and short-term government securities. This should make it more stable than other cryptocurrencies.

While it won't be tied to the value of 1 USD or 1 EUR (as most stablecoins are), it will be tied to the overall value of its assets.