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

Labeled as discuss in Cryptocurrencies and Digital Currencies started by FavourB, Jun 26, 2019.

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  1. FavourB

    FavourB Established Member

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    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.
     
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  2. MSN-Domains

    MSN-Domains Established Member

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  3. mAd MaX

    mAd MaX Established Member

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  4. okmachan

    okmachan Established Member

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    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.
     
  5. DomainNameBroker.com

    DomainNameBroker.com Domain Name Broker, LLC VIP ★★★★★★★★★★

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    Crypto currency can go to zero.
     
  6. FavourB

    FavourB Established Member

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

    D Haynes Top Member VIP

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    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.
     
  8. Rory Ivey

    Rory Ivey Top Member VIP

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    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
     
  9. LarryDomain

    LarryDomain Established Member

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    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.)
     
  10. Internet.Domains

    Internet.Domains Top Member VIP

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    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.
     
  11. Internet.Domains

    Internet.Domains Top Member VIP

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    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.
     
  12. LarryDomain

    LarryDomain Established Member

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    RUN FOR THE HILLS!! CRYTO crashing!
     
  13. FavourB

    FavourB Established Member

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    Not really still moving up
     
  14. LarryDomain

    LarryDomain Established Member

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    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
     
  15. FavourB

    FavourB Established Member

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

    LarryDomain Established Member

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  17. FavourB

    FavourB Established Member

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

    Rory Ivey Top Member VIP

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    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.
     
  19. FavourB

    FavourB Established Member

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

    FavourB Established Member

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    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.
     
  21. LarryDomain

    LarryDomain Established Member

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    You realize libra is pegged to usd right? No reason to trade it
     
  22. FavourB

    FavourB Established Member

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    Come Again!!
     
  23. FavourB

    FavourB Established Member

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    I thought Libra is supposed to be a block chain kind of deal..
    I don't understand the pegging with the $$
     
  24. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

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    tbh, bitcoin always goes up overall. If you look at its price history, it never dropped and then continued to spiral. It always reached a higher overall price the subsequent years.

    December 2017 was a tragedy, blah blah, but it fell to 3k... at this point, it was 19.xk falling to 3k... that was the ultimate test. Because at this time bitcoin had so many fledgling and noob investors going all in because it was rapidly pumping... so for it to hit 3k means so many of those people became discouraged and sold...

    That should have been enough to kill crypto. But yet it rose to 13k... that not only tells you that bitcoin recovered DESPITE the mass exodus of the new money... but also it tells you that these new investors realized bitcoin's actually "more reliable" than they originally experienced. Most of them will buy btc again.

    If bitcoin recovers all the way to 20k by the end of the summer, then there will be a huge FOMO that most ppl will be running to... and we're talking about 2 - 3x the amount of new money pouring into crypto than 2017.

    The secret though, isn't to buy bitcoin ;). It's to buy all the alts that you saw dumped but survived throughout the 3k ordeal. Those resilient alts will pump. The survival of the fittest test already happened, and you're most likely to "win" if you buy any of the survivors.
     

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