Post
Topic
Board Altcoin Discussion
Re: Arrgh! Libra here and There
by
sana54210
on 24/07/2019, 19:42:57 UTC
Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.
[im g width=400]https://i.imgur.com/brUma4f.jpg[/img]
The 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 do not think people really speak of Libra taking over bitcoin, and that is why many people don’t even want it at all, because they would not want anything that will jeopardize or affect their investment in bitcoin at all. You know how we humans are, it is only you that understands this about the both currencies, not many people does, and no matter how many books they read on it, when Facebook coin comes out, some people may start dumping bitcoin with the fear that it will affect bitcoin, not knowing that it will have absolutely no effect on bitcoin.

Facebook is a stable coin as you said, and since it will not be used as investment, many people will still have for transactions which will really not be a bad idea, because Libra coin may still be more relevant than tether and other stable coin.