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Facebook currency libra

jamesgwyther
Jul 08 2019 at 11:39
289 posts
frankmartin1 posted:
jamesgwyther posted:
Will be interesting to see.
Sure the new thing is really interesting.


Yes but there are often new Crypto's, this one has got people interested like never before imo

Professional4X
Jul 08 2019 at 19:49
1189 posts
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.
Professional4X
Jul 08 2019 at 19:53
1189 posts
Laksa56 posted:
Maybe he bought BTC when it was at $20k 😉. That would make me angry too


Actually I obtained several hundred BTC and put them into cold storage in 2011.
It's was just another investment opportunity, which paid off very nicely.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
frankmartin1 (frankmartin1)
Jul 09 2019 at 12:00
46 posts
Professional4X posted:
Laksa56 posted:
Maybe he bought BTC when it was at $20k 😉. That would make me angry too


Actually I obtained several hundred BTC and put them into cold storage in 2011.
It's was just another investment opportunity, which paid off very nicely.


Ha ha ha interesting 😝

jamesgwyther
Jul 09 2019 at 14:07
289 posts
Professional4X posted:
Laksa56 posted:
Maybe he bought BTC when it was at $20k 😉. That would make me angry too


Actually I obtained several hundred BTC and put them into cold storage in 2011.
It's was just another investment opportunity, which paid off very nicely.


Then you are a rich man.

frankmartin1 (frankmartin1)
Jul 09 2019 at 20:37
46 posts
Facebook's Libra cryptocurrency faces more backlash
The Indian government has joined the Libra pushback, a report says.

In April 2018, all entities regulated by the Reserve Bank of India were banned from dealing in cryptocurrencies and virtual coins, although individuals trading currencies like bitcoin remains legal.

India considering not allowing the currency to be traded at all, according to a Bloomberg report Monday.

Mulberry
Jul 10 2019 at 09:04
11 posts
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

jamesgwyther
Jul 10 2019 at 14:38
289 posts
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.

frankmartin1 (frankmartin1)
Jul 11 2019 at 14:44
46 posts
Fed Chair Jerome Powell said : Facebook’s cryptocurrency raises - I have ‘serious concerns’ with Facebook’s crypto plans

jamesgwyther
Jul 12 2019 at 14:49
289 posts
frankmartin1 posted:
Fed Chair Jerome Powell said : Facebook’s cryptocurrency raises - I have ‘serious concerns’ with Facebook’s crypto plans


I am sure a lot of people will. NO surprises there.

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