Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.
https://i.imgur.com/brUma4f.jpgThe first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.
People aren't getting it that if bitcoin becomes a stable currency today many investors will start using bitcoin just like they are using tether but what about those high gain?sorry guys investing 2000$ in stable coins will remains at 1999$-2000$ forever.
Either bitcoin and altcoins bring loss or gains that's what makes them more interesting,Libra is a stable coin,no more no less and no matter how good it turns out to be its not an option for investment to me,I don't know about you guys.
If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.
Enough of libraphobia.
I consider Libra as a way of payment and in this case, I don't see any threat to bitcoin. Because bitcoin is mostly used as a store of value and trading. Yes, it might reduce bitcoin usage as a way of payment but who cares? That's not what gives value to BTC so it won't affect the price IMO.
