Why do many people think Facebook coin will be a threat to Bitcoin and Altcoin, this is confusing to me. I know that Facebook has been very popular with social media, but for cryptocurrency I think it will still be a newcomer. I don't think it's that easy to reach popular.
Why? Because innocent people think that facebook is more powerful than other cryptocurrency. Since facebook is one of the largest and famous social media app on planet. There are many users of it. Bur for those who are in the field of trading even before fb coin hyped, they did not encourage to buy it easily and exchange to bitcoin or alts. It is not a threat to bitcoin.