Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?
I think every coin is good for quick profits because there must be a time that the coins is pumped by the whales and if we're knowing when the time is coming we could get profits. But for a long time i think it's not really good because the project itself is not really supported by the facebook.
Are you suggesting that this person should invest in Libra, a stable coin, because the whales will pump up the price and he will make profit? That's just no how any of this works. This coin is going to be more centered around buying into it during an all time high as a store of value in order to buy back in at a lower price. It's not something you can expect to make any profit off of by investing into it. It's going to be a stable coin. That is, if they don't cancel the failed project.