I Just Sold My Altcoins. Facebook Changed The Game. Here Is Why! [What Is Libra Coin?]

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  • Published on Jun 19, 2019
  • Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked
    I Just Sold My Altcoins. Facebook Changed The Game. Here Is Why!

    Follow us on Twitter:
    twitter.com/AltcoinDailyio
    Facebook Unveils Libra Cryptocurrency, Targeting 1.7 Billion Unbanked
    www.coindesk.com/facebook-launches-subsidiary-to-support-new-libra-crypto
    White Paper
    cointelegraph.com/news/facebook-releases-cryptocurrency-white-paper-for-libra-currency
    There’s a Second Token: A Breakdown of Facebook’s Crypto Economy
    www.coindesk.com/theres-a-second-token-a-breakdown-of-facebooks-blockchain-economy
    Libra White Paper Shows How Facebook Borrowed From Bitcoin and Ethereum
    www.coindesk.com/libra-white-paper-shows-how-facebook-borrowed-from-bitcoin-and-ethereum
    Tone Vays Tweet
    twitter.com/ToneVays/status/1141076303593869312
    Jimmy Song Tweet
    twitter.com/jimmysong/status/1141059677062672384
    CZ Binance Tweet
    www.coindesk.com/binance-exchange-to-block-crypto-trading-for-u-s-customers
    Pomp Tweet
    www.coindesk.com/binance-exchange-to-block-crypto-trading-for-u-s-customers


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Comments • 1 435

  • Altcoin Daily
    Altcoin Daily  28 days ago +67

    Hey Team. I still hold altcoins. I sold the ones that were on Binance Exchange for Bitcoin. My portfolio is more consolidated now. I am trying to stick to only to coins I believe in. And of course I might enter into more alts if an alt season is confirmed. Don't get mad at me because I have a different strategy than you. I welcome many different opinions and am still trying to figure out the best way to invest in this market. I will still report on quality altcoin news and am actively looking for altcoins that will succeed in the coming bull market. If altcoins succeed, nothing would make me happier. Appreciate you Cheers!

    • Luiz Antonio
      Luiz Antonio 16 days ago

      Tomorrow July 2nd at 8AM UTC: ChainLocks and LLMQ-Based InstantSend will begin to activate! ChainLocks will secure the Dash blockchain against 51% attacks. This update also enables Chained InstantSend to begin allowing instantly respendable payments. t.co/Z91YiYvq9i 💪🤠🤳👨🏻‍💻👍 DASH is Digital Cash!

    • Yahmez Mtundu
      Yahmez Mtundu 16 days ago

      Question can we, I mine libra coin

    • Luiz Antonio
      Luiz Antonio 21 day ago +1

      as a bonus DASH is immune to 51% attacks which makes it more immutable and resistant to chain reorgs

    • Jayed Martini
      Jayed Martini 21 day ago

      Mario Gutierrez Exactly, a centralized stability coin for anyone who wants to pay taxes. It will be a popular coin but no money to be made there.

  • XRPacific
    XRPacific 7 hours ago

    Time to bring back Myspace.. people were just getting smarter, being introduced to "codes" for personalizing their Myspace page. Now FB is just full of ads and stupid videos.

  • Beliffy Wu
    Beliffy Wu 4 days ago

    LOL... "altcoin daily" sells his altcoins. funny

  • SmokeKing
    SmokeKing 9 days ago +1

    genius

  • Richard Neal
    Richard Neal 11 days ago

    If you're Interested in Making Big Money Trading Binary Options on Nadex.com watch the youtube video below. No SCAM!!! I'm offering a Winning 5 Minute ATM 24 Hour Scalping Strategy!!! You could Earn Between $250-$1,000 A DAY. Here's proof tvclip.biz/video/7Y30elmLWqk/video.html if interested go to www.MyGoldenSignals.com for questions or buy today!!!

  • Jesse Pinkman
    Jesse Pinkman 19 days ago +2

    I hope people get into it. I would gain some leverage for not buying it.

  • John Durland
    John Durland 20 days ago

    hold on to your VET my friend. You'll be glad you did later.

  • FanofDocumentaries
    FanofDocumentaries 22 days ago

    #facebank666 new coin is all about 💲🤑 for shareholders!

  • FPV Aktivist
    FPV Aktivist 22 days ago +1

    Libra? Nahh thx... 👨🏽‍🚀

  • sam sammy
    sam sammy 23 days ago +2

    vechain 36% in 1hour your mum didnt raise you right

  • skinny scrambler
    skinny scrambler 23 days ago +1

    *I'll get tons of hate for this but FWIW I'm honestly curious to know and do want BTC to succeed. If for no other reason than to keep institutional faith in crypto*
    Somebody please explain to me the argument for "Bitcoin is the best and will be the world's top crypto by 2030"
    I can't understand this theory.
    For starters; LTC is superior; it's transactions are 4X faster, it's more efficient to mine, it's far cheaper to mine*, and it's more decentralized. Litecoin *would* have made Bitcoin obsolete *if* cryptocurrency was a more familiar technology to the public at the time of Litecoin's introduction. But, since it wasn't well known, BTC maximalists were able to either manipulate the new comers and overall community's perception or worse, manipulate the crypto market, in favor of BTC**.
    What *should* be more concerning is that LTC; a more advanced technology than BTC; is inferior to *many* ^ newer coins/tokens/projects.
    Bitcoin's overall concept, technology, and creation was absolutely brilliant; more so than almost anything I can think of.
    But, Bitcoin turned out to be the inception of cryptocurrencies, not the be-all end-all solution to financial anonymity and taking power from the institution.
    I'm not biased towards LTC; I don't own much of either, unfortunately.
    I think BTC is safe, for now and the foreseeable future, and to be honest; if I were forced to choose if it's more likely that BTC remains the highest valued coin (per coin) or that another coin passes it ($ per coin) I'd without hesitation say that BTC will always be the highest valued crypto, on a price per coin basis. As for LTC - I think it will eventually fall by the wayside^. Just like BTC, the technology isn't cutting edge anymore and LTC doesn't have the same brand recognition that BTC has (and clings to as the only means to stay on top).
    With all that said (if there's anyone still reading) there's way more to say BUT since this comment is extra long, I'll make those points in a reply under this comment.
    * I know cheaper to mine could be an argument for LTC being less valuable but I think the decentralization that comes with the easier mining outweighs that argument.
    ** BTC maximalists hatched and carried out a plan to FUD XRP, I'm *positive* they did the same to LTC. I can't blame them in the case of LTC.
    ^ There's plenty of faster, more anonymous, more decentralized, coins than BTC.

    • skinny scrambler
      skinny scrambler 23 days ago

      Reasons I don't believe 99% of BTC maximalists actually *believe* BTC is the best, they only preach it for personal financial reasons (I don't blame them):
      First: LTC is superior; it's transactions are 4X faster, it's more efficient to mine, it's far cheaper to mine^, and it's more decentralized. Litecoin *would* have made Bitcoin obsolete *if* cryptocurrency was a more familiar technology to the public at the time of Litecoin's introduction. But, since it wasn't well known BTC maximalist were able to either manipulate the perception or worse, manipulate the crypto market, in favor of BTC*.
      Really, what *are* BTC use cases and how are they technologically better than any other? It's not necessarily a knock on BTC that I think they're number 1 based almost exclusively on brand recognition, brand recognition/first to market is a very big deal. I just can't see any reason to perpetuate any different- aside from for personal financial reasons.
      *Arguments for BTC diehards* :
      (There's only a few I'm aware of)
      1. Decentralized.
      2. Anonymity.
      3. First to market/Brand recognition.
      The first to market/brand recognition one is repeated ad nauseam. The other 2 arguments? They're achieved by *many* other coins, sometimes better and more so *-* Monero, Zcash, and Dash *instantly* come to mind.
      As for the claim of decentralization?
      70% of the mining is in China and 70% of that is done in one place (Implied that it's under 1 person/organization but the study didn't explicitly say. 80% of mining is done between 6 pools and 5 of those 6 are Chinese.
      **BTW** There's 15% worth of mining unaccounted for (not sure why) so it's likely a higher % than 70% being mined in China.
      So, all things considered; Bitcoin is *ABSOLUTELY DOMINATING* the crypto market, based *heavily* on brand recognition. I can't imagine BTC ever gets replaced as most valuable based on $ per coin unless there's a significant attack to BTC itself, making its price fall. No chance it's overtaken if it continues to be secure and I believe it is secure.

  • Mr. Cool
    Mr. Cool 23 days ago

    Good way to lose subs real quick..

  • JAX
    JAX 24 days ago +1

    First time I’ve seen a stable coin celebrated! Lol

  • C3
    C3 24 days ago

    Don't ignore the fact that 1) young people (Gen Y, Z, and millenials) don't use facebook and 2) Gen X'ers are leaving FB in droves because they *hate them* . So what is the use case here? Everything I can do with FB coin I can already do with Visa/MC. All of the negatives of Visa/MC are still present with FB coin plus the cost of education, and getting people to adopt something new. The places that will use it for the 'unbanked'? Count China out FB is blocked so minus 1.6 billion right there. Places like Venezuela? *ALL* of the rules that prevent "money laundering" i.e. moving your money without monstrous fees and obtaining 19 levels of permission will all be present with FB coin so you can't use it to move money out of a kleptocratic police state. So exactly who is this for?

    55+ year old people with facebook accounts who already have Visa and Mastercard and live in 1st world countries who don't need to move money overseas. Right. And this new coin solves a problem for their demographic how? It isn't like Amazon is going to stop taking anything else or the government is going to demand you use FB coin to pay taxes. Maybe FB can start charging customers for use of their service thus creating a market? Don't laugh I'm sure this is being discussed in silicon valley... FB is a loser coin with an aging demographic who doesn't need it as many parallels exist and even if they did need it the population would need serious education in order to use it. 1/2 of your demographic in the South already believes that Bitcoin is the precursor to the mark of the beast and now you're asking them to trust Zuckerburg coin? Yeah... not going to happen.

  • C3
    C3 24 days ago

    Don't ignore the fact that 1) young people (Gen Y, Z, and millenials) don't use facebook and 2) Gen X'ers are leaving FB in droves because they *hate them*. So what is the use case here? Everything I can do with FB coin I can already do with Visa/MC. All of the negatives of Visa/MC are still present with FB coin plus the cost of education, and getting people to adopt something new. The places that will use it for the 'unbanked'? Count China out FB is blocked so minus 1.6 billion right there. Places like Venezuela? *ALL* of the rules that prevent "money laundering" i.e. moving your money without monstrous fees and obtaining 19 levels of permission will all be present with FB coin so you can't use it to move money out of a kleptocratic police state. So exactly who is this for?

    55+ year old people with facebook accounts who already have Visa and Mastercard and live in 1st world countries who don't need to move money overseas. Right. And this new coin solves a problem for their demographic how? It isn't like Amazon is going to stop taking anything else or the government is going to demand you use FB coin to pay taxes. Maybe FB can start charging customers for use of their service thus creating a market? Don't laugh I'm sure this is being discussed in silicon valley... FB is a loser coin with an aging demographic who doesn't need it as many parallels exist and even if they did need it the population would need serious education in order to use it. 1/2 of your demographic in the South already believes that Bitcoin is the precursor to the mark of the beast and now you're asking them to trust Zuckerburg coin? Yeah... not going to happen.

  • bigbus
    bigbus 24 days ago +3

    One thing your leaving out is the USA is banning exchanges that don't follow their regulation. For the rest of us on Earth, Binance is completely fine. Also, altcoins solve more than just commerce, they will stay and grow. Coinbase is following the pressure of the USA, which is why they will be permitted. Binance and others will be blocked by IP.

  • Brad Guare
    Brad Guare 24 days ago

    Libra shows you how these big conglomerate companies are running scared and have a fear of missing out. Should Libra fail because it has missed the point about what Btc really represents, what will they do then? Thanks but no thanks suckerberg!

  • Newer Account
    Newer Account 24 days ago

    So should I buy libra or Facebook??

  • coy yeatman
    coy yeatman 24 days ago

    its another version of a centralized bank, its not cryptocurrency, its digital currency

  • Justin Harmston
    Justin Harmston 24 days ago +1

    Screw Facebook I won’t have anything to do with their coin

  • Ivan Sharmanov
    Ivan Sharmanov 24 days ago +1

    Libra is a joke, and if you sold Altcoins when they are all bleeding and bitcoin is pumping then you are obviously clueless when it comes to Crypto trading. Next thing you will be telling people to buy on pumps and sell on dumps 🤦‍♂️

  • Bustedspoke
    Bustedspoke 24 days ago

    Almost every comment I see is negative, but the video still has more thumbs up than thumbs down. In my opinion, selling your alts was a bad decision. Just bad.

  • PyroMessiah86
    PyroMessiah86 24 days ago

    Why buy a coin associated with a social media platform which is losing its younger audience? Makes no sense at all. FB will eventually go the way of MySpace. It's not a 'cool' platform anymore.

  • HEMPEROR JZS
    HEMPEROR JZS 24 days ago

    He lied before. He works for usa dod.

  • Bye Heart
    Bye Heart 24 days ago +1

    Libra coin from Facebook is the NWO adopting their one world currency. It is not a good thing.

    • mgtow life
      mgtow life 24 days ago

      Good comment, it includes all of the big currencies. Sounds and smells and looks like a one world currency. They definitely want to ban cash and track every transaction. So they can tax it.

  • Lauren Gibson
    Lauren Gibson 24 days ago

    Face reveal video xD Don't feel pressured to show us. So, does this mean you're holding on to Ripple?

  • Robbbyg
    Robbbyg 24 days ago

    Libra is not a coin for the people, its a tool for the elite to steal and manipulate our wealth as they have always done. BOYCOTT LIBRA, don't ever pay for the nails that seal away your own freedom.

  • Laz
    Laz 25 days ago

    1:26 There is no such coin as hyperledger. What are you on about?

  • Bernat Ferragut
    Bernat Ferragut 25 days ago

    How to cash out your gains? Through Libra....Mark...

  • Jannik Evers
    Jannik Evers 25 days ago

    How About Nick spanos the founder of NY BITCOINCENTER and her zap.org did people ever use it

  • MissBlackPantie
    MissBlackPantie 25 days ago

    the zombies will use libra, yes. 50% of the users of fb will use it, like they put all theirs life on fb. most are like sheep, so libra is going to have value. its a shame to see, but thats the reality.

  • Michael P
    Michael P 25 days ago

    Ure fake !

  • TheMage00000
    TheMage00000 25 days ago

    Bullish for BTC????? You GOT to be kidding! With Libra the fees will never be so high. Who will switch from Libra to BTC?
    It will introduce people to crypto, but who wants to pay the BTC fees?
    You sold Dash??? OMG! Dash confirms in seconds with fees less than a cent, is unpermissioned (as opposed to Libra), can handle 3 mln trx/day. Once people understand the Libra-scam they will not enter BTC, they will go into Dash. (or similar coin)
    Someone will probably say "but lightning....". Lightning does not work as a scaling solution. How much time would it take for say 500 mln people to open 2 channels? Then you must make sure there is enough funds in them for you to use (someone else can move your funds basically from one channel to another by sending funds past your node). It is not well thought through.

  • TheMage00000
    TheMage00000 25 days ago +1

    Selling alts when their BTC price is low is not a very clever thing to do.
    Remember to sell high and buy low.

  • Stephen H
    Stephen H 25 days ago

    Libra is a globalist sh**coin.
    BTW, selling your bags to buy a stablecoin is braindead.

  • Abu Qurrah
    Abu Qurrah 25 days ago +1

    Permissioned and it can be censored. Facebook is behind it. If you have a tendency to wrongthink you shouldn't keep very much money in your libra wallet. Sounds like a great way to gamify society globally.
    But I agree bullish for bitcoin

  • Павел Мазин
    Павел Мазин 25 days ago

    Where better to exchange bitcoin?

  • L A
    L A 25 days ago

    I wouldn't touch the fakebook coin with a ten foot pole!

  • Mike Bolin
    Mike Bolin 25 days ago

    Farmville Cash. That's what Libra is basically.

  • Joe Taz
    Joe Taz 25 days ago

    Make sure you listen all the way til the end! TVcliprs implore you to do that because it's a monetization thing, nothing else.

  • Andre Mosin
    Andre Mosin 26 days ago

    thanks for dumping your ALTs!! and please continue buying high and selling low... we need more people like you.

  • KingsRight
    KingsRight 26 days ago

    5:50 best AML? no kyc? uhhh.. you do realise a lot of Facebook users put fake names, addresses and such. i have a few fake facebook accounts for fun. none of the pictures or info is me.. just some made up person.. oh, and i also have added all kinds of random people as the so-called 'friends' who i never heard of before.
    so, not very reliable when people can say whatever.

  • KingsRight
    KingsRight 26 days ago

    i like my alts. keeping those for a long time. every one of the ones i bought will reach prices that dwarf what i spent. because i did my research.

  • Angelo Picasso
    Angelo Picasso 26 days ago

    So are 10 other companies I dont think fb coin will be that good IBM world wire and ripple are already making deals with major banks

  • FIRTINA 01
    FIRTINA 01 26 days ago

    Libra is not good for us. Can’t trust facebook. They will take all your financial info to use for the future..

  • B M
    B M 26 days ago

    Which alts did you keep

  • 林Carlsson
    林Carlsson 26 days ago

    Oopps. Altcoin Daily selling his altcoins. Will you change your channel to Bitcoin Daily?

  • BrianS FPV
    BrianS FPV 26 days ago

    No sir, I don't like it.

  • Christian G Photography

    oh boy you sold too late

  • iConVape
    iConVape 26 days ago

    Libra coin is not a Crypto.

  • CJFilms1001
    CJFilms1001 26 days ago

    "I own no altcoins daily"

  • CJFilms1001
    CJFilms1001 26 days ago

    Facebook main goal is to demolish bitcoin pure and simple

  • peyans
    peyans 26 days ago

    FB🤮

  • dave mcilwraith
    dave mcilwraith 26 days ago

    It’s a stable coin meaning it’s staples to the dollar like tether lol

  • Mental Stanley
    Mental Stanley 26 days ago

    Good for you, don't expect me to jump off the bridge with you though.

  • Godsuno
    Godsuno 26 days ago

    I don’t trust Zuckerberg any farther than I can spit..............I’m sticking with my Bitcoin.

  • johnmcnatt1
    johnmcnatt1 26 days ago

    Quick question. Anyone that can give me advice please help me. I have 1.30 bitcoin on Robinhood. I just realized I cannot store any of it to a secure wallet. Should I be worried? I want to hold onto it and keep buying more to be honest but I want to be safe with it. One day I will want to cash out. Did I make a big mistake buying on Robinhood and not Coinbase or any other app. What should I do? Wait for it to half and cash out before it sinks too much and then reinvest back into it with Coinbase or another app? A ARON!! can you help me as well figure out what I should do? If I'm keeping it for the long haul should I just stay in "RH" or sell and take my cash somewhere else?

  • Steven Erkman
    Steven Erkman 26 days ago

    Say bye bye to bcash:
    www.newsbtc.com/2019/06/11/facebooks-global-coin-is-a-threat-to-bitcoin-cash-bch-down-3-7/

  • Marc-Aurèle Besner
    Marc-Aurèle Besner 27 days ago +1

    I'm happy that Facebook is diving in crypto, this proves to all the other business that was waiting on the sideline, that crypto was the way to go. Although, I don't believe this is the kind of alts coin you want to hodl... It's more like the other Fiat.
    I agree that there is a few alts that have the same use case of Libra, but there are other coins that have such an interesting utilization. Take the example of Yanu, looking to build a robotic bartender for airport, festivals and other high volume venues.

  • Jason Perlmutter
    Jason Perlmutter 27 days ago +1

    How do you sell your alts on binance?

    • Altcoin Daily
      Altcoin Daily  26 days ago

      You sell them the same way you buy...except you hit the sell button.

  • Calculated Success
    Calculated Success 27 days ago +1

    Although I’m prepared for anything to happen, I see alts such as monero taking a bit of volume as BTC tests $10,000

  • Kodow snyp
    Kodow snyp 27 days ago

    Yes buy some Global Coin Yea fake Coin Pusher 🤣

  • DJCJ512
    DJCJ512 27 days ago

    they will never allow it to happen and fuque ZUCK!

  • MrCoffis
    MrCoffis 27 days ago

    Facebook coin will do more good than most think not only for people who are unbanked but also to the crypto space in general...

  • Alen Mustlovski
    Alen Mustlovski 27 days ago

    Dont see how Libra will replace alt coins. If its a stable coin wouldnt Tether be the most worried?

  • Quantum Bounder
    Quantum Bounder 27 days ago

    I think Libra will cause most alt coins to disappear. Maybe there will be only be a few of the strongest left which have a unique attribute. Those that survive will be stronger. Bitcoin will probably proceed to be a repository of world wealth. Those with only what is considered to be a small amount now will ultimately be wealthy.

  • Sonny Joel Macasling
    Sonny Joel Macasling 27 days ago

    What can you say about Upstake or Updc can you make a reviews about it thank you

  • Viktor S
    Viktor S 27 days ago

    Hi, feel free to check out "metahash" (mhc), this could be the future. thx

  • Crypto Granny
    Crypto Granny 27 days ago

    ☘️💚you are absolutely right about FB.... love it or hate it it has the attention of the world !!!! Think outside the box I say !!!!! This is a very clever marketing move in the world of Bitcoin/blockchain/Crypto ☘️💚

  • ibik kim
    ibik kim 27 days ago

    Wrong. Because a crypto gain value from the peopel not from the company