discuss The Libra coin launch has skyrocketed the crypto world, BTC 11.66% increase overnight !!!

[FavourB]

BTC investors can testify to these recent Increase and progress of the crypto world.
Last night there was a massive increase of 11.66%.
Around March this year BTC was at $3,500
3 months after it is has surge up to almost $13,000
I feel this was because of the newly announced Facebook Coin "Calibra" the world Is beginning to turn towards crypto currency fully.
I would like to know your thoughts on why the increse.

 

[MSN-Domains]

https://www.bullionvault.com/gold-news/gold-price-062520191#

Join the dot's...................................................................................

 

[mAd MaX]

https://www.bullionvault.com/gold-news/gold-price-062520191#

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..+..+..+..

 

[okmachan]

Await for the big drop. Remember December 2017? When that happens for the second time people will realize why a highly volatile currency like Bitcoin is bad for transactions. Imagine sending someone money and when they woke up, the value has halved. Maybe people will realize the need of libra by then. Bitcoin is more of a scam to me.

 

[Dream Domains]

Crypto currency can go to zero.

 

[FavourB]

I don't think BTC can go to zero, there will always be an up and down movement

 

[D Haynes]

I don't understand the buzz around libra. What will it do differently/better than normal money? Im aware I may sound naive but I've never looked into crypto etc.

 

[LaunchUp.com]

I don't understand the buzz around libra. What will it do differently/better than normal money? Im aware I may sound naive but I've never looked into crypto etc.

I haven't look all the way into it.. but on the surface, I heard you can send and recieve money without the exuberant fees banks and other places charge people or rob people and I'm guess you'd get your money without the delays.

Here's an article from medium: click link at bottom to see full thing.

The Good
"Living in a stable, developed country like Canada, we often take our financial system for granted. More than 4 billion people worldwide are unbanked or underbanked. And while most live in developing countries, 25 percent of Americans also fall in that category. This leaves people cut off from opportunities that require a credit card, for example, and from financial opportunities to grow their capital and transact into broader markets. Libra has the potential to bring an entire generation of people into a more formal financial system that, in the longer term, can help them build their credit, and move up the socio-economic ladder. The same could be said about bitcoin, however the massive fluctuations in price are unsustainable for those with little to no disposable income. For people who need to be sure their rent money will be there on Tuesday, bitcoin isn’t a viable option right now. And with limited on and off ramps to the bitcoin ecosystem, particularly in developing countries, it’s not practical solution if your landlord doesn’t accept bitcoin directly." View all

 

[LarryDomain]

I hate facebook but I love libracoin.. atleast what it did for the crypto market! hop on the rocket ship!! (at your own risk, and risk only what you can afford, it might turn to zero the next minute.)

 

[Internet.Domains]

Libra is an "on ramp" to bring digital currency main stream. The thought behind the bitcoin increases is that once people see the possibilities behind Libra the benefits of a more decentralized currency will become more pronounced.

 

[Internet.Domains]

newly announced Facebook Coin "Calibra"

Just to clarify the currency, or coin for this discussion, is called Libra.

Calibra is a Facebook company building services around the currency (coin) Libra.

 

[LarryDomain]

RUN FOR THE HILLS!! CRYTO crashing!

 

[FavourB]

RUN FOR THE HILLS!! CRYTO crashing!

Not really still moving up

 

[LarryDomain]

I think going from $13900 to under $11,500 in half an hour is considered a crash.. it moved up a bit..but still below $13900

 

[FavourB]

I think going from $13900 to under $11,500 in half an hour is considered a crash.. it moved up a bit..but still below $13900

I checked my block chain and it was a +
Probably it dropped and skyrocketed back up

 

[LarryDomain]

Here you go young spirit..

https://www.coinbase.com/price/bitcoin

 

[FavourB]

Oh thanks need to run and pull out the little I got..

 

[LaunchUp.com]

I think going from $13900 to under $11,500 in half an hour is considered a crash.. it moved up a bit..but still below $13900

Libra is taking over... not even sure these other gimmick coins will stand a chance. I don't theink they got the news that Libra is gunning to be the only currency. Atleast the only one worth having.

These other currency were never built to last or to expand or for the average person.
They'll go up and down like a see saw.

 

[FavourB]

I think BTC ETH and LTC will compete with Libra, especially BTC
BTC might do better than Libra,
My own perspective

 

[FavourB]

There will be a huge rush for Libra once it released, this will mainly be because of (FOMO)
After few months people will still return to BTC and normal crypto the are already used to..
Libra will become like any other crypto and will join the long list.
Still my own perspective.