Facebook currency libra

What is the latest update about facbook new currency the 'libra'?

What are you expecting from it? Will, it benefited for the digital world?

Could be the only digital currency that actually works as a currency. It will be pegged to a basket of other currencies so should be very stable

So far I have heard only very negative news anyway about that thing completely. And many many major banks do not completely support all this matter anyway, what do you say about that ? I wouldn't advise to buy it anyway. Thanks in advance.

I have doubt; since facebook is a controversial issue itself! So; there is no way to spend more time on Libra!

@Andromaris what you have heard?

I have only heard good things about Libra. I think there is a lot of opinion out there at the moment. Only time will tell. But this will no be a speculative currency like BTC so as traders we shouldn't be to interested

I am no excited on Libra; since it will be not decentralized market! But I see, the hype of Libra!

@AmDiab But i am excited! I hope it will be helpful for people. People could use it easily. Especially for facebook payment, bye and sell anything and more....

frankmartin1 posted:
@AmDiab But i am excited! I hope it will be helpful for people. People could use it easily. Especially for facebook payment, bye and sell anything and more....

Yes no doubt on it! But be sure, facebook will not allow to use libra with KYC; that’s not proper way of crypto currency!

@AmDiab Maybe it is not the proper way of cryptocurrency! But, mark zuckerberg may force central banks to create their own!

Have you seen? The Russian Ministry of Finance will not issue any special regulations for Facebook’s upcoming digital currency Libra, deputy minister Alexei Moisseev said Monday.

And also said “Nobody is going to ban it. “

Libra will be a success and kill other crypto because people will realize they are utterly useless and based only on hype

I think libra can't do it cause crypto have a good reputation on the market.

frankmartin1 posted:
What is the latest update about facbook new currency the 'libra'?

What are you expecting from it? Will, it benefited for the digital world?

I'm not expecting anything from it. I personally view it as just another digital coin trying to build up hype.

Maybe it will be successful, maybe it will fail.

As with any investment, it is important to diversify and not put too much into any one specific market or instrument.

If it presents a good trading opportunity then it will have people trading it.

House lawmakers officially ask Facebook to put Libra cryptocurrency project on hold

Really? I wonder why that was? Did they say? Do you have any articles?

@Professional4X your all thinks is negative, can I know the reason? 😉

Maybe he bought BTC when it was at $20k 😉. That would make me angry too

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?

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.