What is the difference between Libra and Bitcoin?

[Crypto123 0]

3 minutes ago, aamir shamim said:

Libra is a stable coin.whereas Bitcoin is unstable.libracoins price will be equal to 1usd.whereas Bitcoin price will change according to markets demand and supply.libra is owned by fb.btc is owned by Anonymous Satoshi nakamoto.

Thank you I have summarized the topic well, but one point I want to ask you is how do you know Libra will be worth 1$ ? Is this your guess or have you heard news about that?

[Crypto123 0]

14 minutes ago, Man said:

The difference between Libra and Bitcoin is actually very far. Libra aims to be a stable coin, so the difference with bitcoin is certainly very far away. So there is no competition between the two coins.

Yes, there is no real competition between the two currencies, Bitcoin, although it is not a stable currency in terms of price, but it is the master of all cryptocurrencies, and Libra, no matter how stable coin, will not be able to compete with Bitcoin.

[guatazoo 7150]

14 hours ago, Jamil1011 said:

You can find libra usually in Facebook.It generally used for buying products from Facebook.but i don't think so that libra could beat bitcoin by it's price.

Libra is not launched already, so i have no idea why you're saying all that about it, that is used to buy products.

[Crypto123 0]

8 minutes ago, Man said:

You are right, what I am confused about is why Libra and Bitcoin are always raised with competition. Though we already know the difference between Bitcoin and Libra, of course Bitcoin is the king of crypto that affects the crypto market.

The main reason for this comparison is, in my opinion, that Libra is a digital currency owned by a huge company like Facebook, and this good reputation was given to this coin before its launch despite the many problems that it still faces. Second, some people think that Libra will be like a dollar. Therefore, it will be a strong competitor to bitcoin.

[guatazoo 7150]

On 12/23/2019 at 9:00 PM, Man said:

The difference between Libra and Bitcoin is actually very far. Libra aims to be a stable coin, so the difference with bitcoin is certainly very far away. So there is no competition between the two coins.

For me the difference is Libra has got no control of itself, been pushed around even before the release, while bitcoin has full control of its own as it;s users.

[Nurul Huda 944]

On 12/15/2019 at 10:41 AM, Sathi26 said:

The difference is very clear, Bitcoin is a decentralized digital currency while libra is centralized. On the contrar, I think bitcoin will also be more stable than libra.

After seeing the statement that you made, I was able to think that bitcoin will be more stable than libra because at this time bitcoin has dominated the world market and even many people support bitcoin as a source of income rather than libra which is only centralized so that the lack of popularity in the world.

[Beromnia 733]

Hello my friend
The lowest Libra coin is good in terms of features and its price is stable
I refer to you, that bitcoin can be converted into fiat cash by paypal or some credit card

[el-Muhammady 718]

The difference should be clear to people that Bitcoin is a decentralized. No single entity controls it but the Libra association have a large amount of control of the assets and it usage.

[Agios 1763]

Difference between Libra and Bitcoin
Libra is a medium of exchange, not an investment because the value is fixed, while Bitcoin, although it can be used as a medium of exchange, is more widely used as an investment because the price of bitcoin is rapidly changing. Libra users are those who "live" on Facebook's platforms, such as Instagram, WhatsApp and Messenger. Who's being a Bitcoin user, anyone can be a Bitcoin holder. Libra is managed and regulated by an association under the name "Libra Association". Bitcoin is not regulated by organizations, banks or the government because its essence is indeed independent and open.

[guatazoo 7150]

On 12/28/2019 at 7:54 AM, dshuy20 said:

Not sure if large companies buy more than 60% of the issued currency, it's hard for users to control it.

Users are in large numbers, bt users always follow coins that have potential, and if the coins is of interest to many users, then the companies can not hold that much over the total users.

On 12/27/2019 at 10:58 PM, Man said:

Libra is right, more driven by large companies contained in its association. And for Bitcoin is encouraged by the crypto community around the world. The difference is certainly very far between the two coins.

Right, so let us talk about Libra release, do you think that Libra will ever be release, with all the negative pressure it faces?

[CryptoMaxim 3829]

The coin has not yet been put up for auction. I believe it will be popular as an internal coin of the social network Facebook. And the difference will probably be in the capitalization and trading volume

[doriahailee 643]

4 hours ago, Agios said:

Difference between Libra and Bitcoin
Libra is a medium of exchange, not an investment because the value is fixed, while Bitcoin, although it can be used as a medium of exchange, is more widely used as an investment because the price of bitcoin is rapidly changing. Libra users are those who "live" on Facebook's platforms, such as Instagram, WhatsApp and Messenger. Who's being a Bitcoin user, anyone can be a Bitcoin holder. Libra is managed and regulated by an association under the name "Libra Association". Bitcoin is not regulated by organizations, banks or the government because its essence is indeed independent and open.

Nice one mate, you really good explain to us. Libra was more centralized since it's use mainly for facebook and also bitcoin was more decentralized, Beside that as you said there some differenet use case and regulation for each of them.

[Sshill 97]

The key difference between Libra and Bitcoin is the permissionless versus permissioned blockchain. ... Libra will be implemented as a stable cryptocurrency by pegging it to a basket of “low volatility” assets such as the dollar, euro, yen and bonds, and through creating the Libra Reserved

[Nurul Huda 944]

On 12/28/2019 at 9:58 PM, Selfish777 said:

In simple term I will say bitcoin is the first Crypto to be created while Libra is in views that means want to come into existence

What you say is also true that bitcoin is the first crypto to be made even in terms of the best bitcoin value in the world so that many people think of creating new coins that want to rival bitcoins like Libra coins because Libra was found to be an investment mix and for many people libra is a new face among many people.

[guatazoo 7150]

5 hours ago, dshuy20 said:

if they put a sufficiently large amount of capital into it then it is still possible that normal money would surely make many people sell it.

Well like yu dsaid, it needs a large amount of capital into it, so that depends on those companies if they have that much enough to spare.

8 hours ago, Man said:

At first many said that Libra would be released in the middle of 2020, before a lot of bad news about libra. And now the launch of libra is uncertain and the bad news always comes for libra, I'm sure libra will not be launched this year.

Confused a little, what do you mean by "this year", you mean next year or this 2019 year?

[vivek jain 308]

libra is going to be stable coin.it is product by the giant facebook.whereas bitcoin is unstable coin,its price fluctuates with market moment.its creator is anonymous satoshi nakamoto.

[guatazoo 7150]

11 hours ago, Man said:

I mean next year, which is 2020. Wasn't previously Libra will be launched in mid-2020, but until now there has been no certainty regarding the launch. That's what I mean.

Okay got that, well for a big company like facebook it wol be a shame t o promise something and fail to deliver, so let us wait and see.

[Delgboke 2480]

For me I don't really know what is the main difference between Libra and bitcoin all I know is that Libra was said to be a stable coins or global currency, Bitcoin is not a stable coins because of how volatile it is, 

[guatazoo 7150]

18 hours ago, Man said:

Indeed Libra has always been the center of attention, because we ourselves know that behind libra is Facebook. Of course by always being a big concern for the crypto community, if something unexpected happens it must be very embarrassing and it depends on the reason.

People do not reason anything, if they want to laugh at you they do it without looking for the reason of how happened what happened.

[iloveyobit 6599]

2 hours ago, huyscoi40 said:

Libra is a business model for Facebook. Eventually, they will be able to provide banking services. I don't like Libra because it's under Facebook control and I don't like facebook

They are only active under a brand name in order to avoid legal issues, but there are many hidden reasons behind this central currency , dont belive everything u see . 

[Maaz sultan 265]

On 12/10/2019 at 10:39 AM, Binbillal007 said:

The difference is very clear, Bitcoin is a decentralized digital currency while libra is centralized and also libra will also be more stable than libra will be implemented as a stable cryptocurrency 

The different is very clear the libra is centralized and it is libra will be implemented as a stable cryptocurrency and as for bitcoin Bitcoin is unstable currency its price go up and down thats make trading.

[Man 741]

23 hours ago, halloweed said:

On 1/2/2020 at 6:51 PM, Man said:

Libra's goal is to become a stable coin and this project is indeed like PayPal. In other words for payment later, of course this is not a competition of Libra and Bitcoin.

But if Libra is used directly as payment option, bitcoin is experiencing a threat there as it has never got a chance to be used as a payment option. 

No need to worry for that problem friend. Bitcoin will remain the mainstay and people will continue to use Bitcoin, because bitcoin is not only used for payments. But for other things it can too.

[DidaNahrisya 165]

Bitcoin and Libra is a very different coin. Libra is very centralized who controlled by Facebook, and also Libra its a stablecoin like USDT used for payment only

[Jesoy 1342]

On 12/10/2019 at 10:32 AM, Crypto123 said:

The Libra coin is expected to resemble Paypal and Bitcoin but with some basic differences:
The Libra currency relies on reliable real assets and currencies, which makes it more stable than a currency in Bitcoin.
- The Libra coin will also target users who do not have a bank account, but Paypal is done through electronic payment services, which are provided that there is a bank coverage.
- The Libra coin will be covered with real assets that are less risky than other cryptocurrencies, and the user will be able to convert real money to digital and vice versa without the need for a bank account, unlike a configuration currency that cannot be bought with real money or converted into real money.
- The Libra currency will be used in many international institutions such as Uber, which you can pay through, and some discounts will be applied when using the Libra digital currency for payment.
Libra is a digital currency that can be used for trading in Facebook, WhatsApp and Messenger applications, and bitcoin is only traded on specific platforms.
The Libra cryptocurrency will have an independent value and is linked to a basket of currencies, Bitcoin being a digital currency with an oscillating value.
Libra is a digital currency backed by 28 companies around the world, and with a configuration that is not supported by any official authorities.
- Libra's currency will be low-cost and faster in procedures, but Bitcoin is a high and slower currency in conducting transactions.

Thank you for this information. I always read, heard about Libra coin but it is never explained thoroughly. This information is a real guide to everyone.

[McCree 713]

On 12/10/2019 at 4:32 AM, Crypto123 said:

Libra is a digital currency backed by 28 companies around the world, and with a configuration that is not supported by any official authorities.

Are you sure it's still backed by that many companies? After the goverment hearing from Mark Zuckerberg a lot of those companies like Visa and Paypal pulled out because they didn't want to be involved in a digital currency that could run awry with regulations.