frankmartin1 posted: @Professional4X your all thinks is negative, can I know the reason? 😉
None of what I said was actually negative.
But rather it was my OPINION on the matter in response to the questions as indicated below.
The questions asked were.
What is the latest update about facbook new currency the 'libra'? What are you expecting from it? Will, it benefited for the digital world?
What am I expecting from the new digital currency? Nothing. I have a real world view of investing and understand that it's just another possibility for investing. Maybe it will fail, maybe it will succeed. Doesn't matter to me either way because if it's going to succeed, then I will go long and invest in it. If it's going to fail then I'll go short and invest against it. It's just basic investment idea. That IS of course what investors do right?
If it looks too good to be true, it's probably a scam! Let the buyer beware.
There seems to be increasing regulatory discussion over crypto. I think this could be good in the long run but may cause problems for the current crop of cryptos. Libra could be best placed to take over
Mulberry posted: There seems to be increasing regulatory discussion over crypto. I think this could be good in the long run but may cause problems for the current crop of cryptos. Libra could be best placed to take over
The whole point of Crypto though is that it is not regulated.
regulators want to shut it down, but if you actually look into the finer details, libra would be buying government debt (t-bills) from several nations for a somewhat stable value. The issue still remains that you are buying essentially IOU's and expecting it to work out in the end.
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