Libra, What can be said about the absolute powerhouse of the world decides to join in on the fun. Well there are many determining factors to what will result from their entry into Cryptocurrency and there are many outcomes that can be both devastating and helpful to those who know when and where. I will explain in this post, the good the bad and the ugly. Money is the root to all evil and perhaps the second coming could involve a douche who's halo might not fit with the protruding horns.
Positives, if Facebook launches a successful coin
Well for those who know anything about crypto, then you will agree the date for distribution is going to come with a count down timer and people licking at the jaws to grab what they can at the initial price. Everyone know that this currency is going to skyrocket once it hits the marketplace. juicing up the field is always a good thing for all coins across the board, this simply means more money being rotated through the markets and things being bought or sold to transfer money to the end game...*LIBRA.
So Healthy trading, huge numbers in the market place and activity galore. Always a good thing, however there is a dark side that no one wants to realize or even think about.
Who can be trusted
Boom the market goes crazy and everyone from facebook now enters the crypto world. Billions of new faces and trades are going on morning, noon and night. So you ask yourself, what can go wrong?
The great migration always brings out the greatest of predators. With as much money as there will be floating through cyberspace, dont think for one moment that the Anonymous will not reveal their ugly heads and hammer every market, exchange and wallet they can. Security is going to need to be a major factor.
With great power comes great responsibility
So tell me what you think, can this be a revival to crypto where Bitcoin is already doing its thing or will this be a detrimental bomb that leaves a wasteland of open mouths and wondering what the fuck just happened.