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 ?
Once they launch, it might be a good source for quick profit because a lot of people are thinking that libra coin would have a massive pump once they are launched but I do not think this might be the case. Libra coins have some properties which are somewhat opposite than a decentralized cryptocurrency which might make Libra a stable coin which would only move few cents in daily or weekly charts. This might not give any benefits for the traders and hence traders might move onto some other coin for investments.
Libra would be a good coin to invest if you think about long term because in coming times, facebook would strongly promote their coin which would bring a lot of attention from investors globally which might make a good price pump in the coming times. Surely, you would need to wait for some long time in order to see profits from the libra coin.