Topic: Can Monero survive exchange de-listings and low merchant adoption? (Read 307 times)

Many of them are still scared even by Bitcoin. The crypto-is-for-criminals narrative was more catchy than I would have expected.
With Bitcoin is simple: greed beats fear. With Monero, I fear it'll take quite some time, especially as it never seemed really focused on big rewards for investors.

Imho Monero's chance/choice is to be noticed by somebody important (like Dogecoin was noticed by Elon) as the proper currency for daily expenses.

I hope so. If Monero survives, then decentralization has triumphed once and for all. Everything will depend on how developers (and the rest of the community) are willing to resist the government. There will be pressure from all sides, particularly banksters and regulators. Another P2P exchange went down the drain. But that doesn't mean it's the end of the world. This will only make XMR bigger and stronger than ever.

With "Wall Street" buying all of the BTC, maybe it's time to move to Monero? We can't predict the future. So we can only hope for the best.

If this continues almost every year then we won't even hear about them anymore, man! I wish we still have the best era in the crypto industry where we don't have to worry about these things. Because of how the government pressure, all the opportunities to keep our transactions hidden are now becoming impossible and there will come a time when we won't ever have such kinds of coins because after de-listing them from centralized exchanges, the next thing is banning them completely from the crypto industry just like the mixers.

This de-list things are not new for Monero anymore, so I don't think the recent de-listing is going to be heavy for them to accept. Maybe it is only heavy if you are a regular customer of that exchange. This de-listings can surely keep up the more the cryptos became popular but I think not up to the point that there will be no more exchanges left.

The only moment it will happen is if there are no more cryptos but I don't think that is possible either. So, don't you worry now OP. Given earlier that cryptos are only growing in popularity, therefore the adoption is only actually increasing (not decreasing) and with what I've said earlier, Monero can surely survive this and I still believe that the future of it is still going to be bright.

Yes they are and just as the thread I created few minutes to ago. https://bitcointalksearch.org/topic/m.64076864 the government is after anything called privacy in thr cryptocurrency world. And that is why I asked the question over there " if digital Currencies" are affecting the businesses of the economy of the world because I am not noticing that it affects. Instead what government can't do for the world youths but cryptocurrency ecosystem s doing by providing employment for them to satisfy their needs.
US government is after Centralized Exchanges and Private crypto projects.

I don't know, even to find Monero (XMR) on coinmarketcap, I can't just scroll, but have to type in the search field so I can find it more easily and quickly. even though in the past XMR was in the top tier of CPINs which was quite promising. But as time goes by, privacy coins are no longer that interesting and may even start to be abandoned.

So it will be quite difficult for them to develop. If you survive, maybe you can still survive, but you still won't be as good as your previous position. I don't even know if this will last any longer or not. because day by day, Monero's position is no better. and they also failed quite badly to reach ATH. Actually, it's not just Monero but there are several other top coins that used to be a dream and now they really can't do anything anymore because they have been eroded by the presence of new altcoins that are more potent and profitable.

It was actually at 0.03x in 2018, and still 0.009 in early 2023. But there may be other reasons for the bearish macro view: in the past, Monero almost always performed bad in the early stages of Bitcoin bull markets, like other altcoins did too. And old altcoins often see challenges to stay relevant, many first-time alts like NMC, PPC, FTC or YAC actually did much worse than XMR. In my opinion this may also be a main reason for the decline in BTC from 0.009 to 0.003x, i.e. previous to the Binance delisting.

Of course the Bittrex delisting may have contributed, but Bittrex is a relatively minor exchange. The Bittrex delisting was in January 2021. The price had already lowered in late 2020 (probably due to the early Bitcoin bull market effect, like I wrote before), and took a further hit, but then it recovered and reached 0.007 again in May 2021.

I believe the recovery will continue but slowly, becuause the "big pumps" (which originate usually on big exchanges like Binance) will be missing. There will be perhaps some more delistings in the future. But as the delisting in several european countries by Kraken had actually no effect at all I also don't see that future delistings should hit the price again like the Binance delisting did. XMR community is already very focused on decentralized exchanges, combined with services in crypto-friendly jurisdictions.

I also think that there will be a slow trickle-in effect into Monero: New crypto users start usually speculating with Bitcoin or memecoins at big traditional exchanges. Then they slowly discover the "not your keys, not your coins" principle and often fall further down the privacy/decentralization rabbit hole, until they discover decentralized privacy coins like Monero. Of course that's not true for all crypto users, but even if only 1% does this, this should make the potential public for Monero much, much bigger.

In several countries there are big, strong cash-supporting groups who are deeply sceptic about KYC-based electronic payments, and these are also a potential target public for XMR. XMR is still the biggest privacy coin, and other privacy coins like Dash, ARRR or Grin weren't able to challenge it, so it's the first choice those people will stumble upon.

Of course it will continue to function. Only if nodes and miners are still supporting the network. The only thing is that market prices would be so low due to decreased demand/mainstream adoption. You'd only use Monero as a currency than a long-term investment. With how things have been going on for XMR, I think it will end up being traded solely on DEXs and P2P trading platforms. CEXs would be out of the picture. This is good because it will make Monero more decentralized. Perhaps even more decentralized than Bitcoin itself.

Hopefully, the Monero project gets enough funding to sustain itself for generations. As long as it remains actively-developed and maintained by the community, there should be nothing to worry about.

this does not rule out the possibility that monero will be delisted on many exchanges if its users decrease in the future.  this in itself is due to the impact of monero's features being irrelevant for most users today, since what they offer is privacy coins and most users trade them on exchanges that use kyc, so it is no longer relevant to them.  and also sooner or later monero will also be targeted by the government, it makes people increasingly see that monero is no longer attractive for them to invest in.

This monero was already here when I started; it was one of the pioneers in this industry, and it cannot be denied that the community it has established in this field is also large. I even experienced being able to mine it in Minergate.

After a few years, I don't seem to have heard much development in Monero; all I know is that I heard that the US government is harassing it. As far as I know, I hope Monero can survive for a long time.

I think people who are absolutely desperate for anonymity will continue to use it. It just depends if because of low user numbers due to regulatory pressures, will it eventually become worthless? I don’t know the answer to that, the market will decide though.

Delisting is affecting XMR in terms of price for sure. Before it got delisted from bittrex, XMR's price in BTC was around 0.007 too. Main thing is it hadn't collapsed completely like other alts after such incidents showing there are strong community behind it supporting privacy. Now the question is, Is it enough for XMR to come back again strongly?

I don’t think it will ever reach that $500 high it did in 2017. And like you said, all these exchanges are affecting its performance because it’s one of the only coins which has done poorly while BTC reached new highs.

With all the regulations going on, I am not surprised. The more exchanges that delist then it doesn’t look good for it’s future. On the charts it looks like it might retest the $100 area and hopefully it holds when it reaches that area.

Well, in the last month XMR made actually a quite good ROI, in a period where most coins were stagnant (like BTC) or even lost (like ETH). The orange line is the price in BTC which shows the "relative price" in comparison to the whole crypto market:


Source: Coingecko

I don't see it going down further, at least not with the excuse of exchanges delisting. I believe this was already priced in when Binance delisted it and the price fell close to $100 for a short time.

Before the Binance delisting, XMR's price in BTC was BTC0.0037 approximately. The lowest price in March was BTC0.0017. Now it's at BTC0.0021, despite several waves of bad news. I don't know if XMR will see 0.0037 again, but a price close to 0.003 seems possible, and that would mean the former price level in USD (160-170$).

And I agree with Hispo, XMR community is very strong. It could even be worth to observe its evolution for Bitcoiners afraid of further attacks against privacy, to know how a coin can be made resilient against these attacks. That doesn't mean that Bitcoin needs to incorporate things like ring signatures, which would be very difficult (and need a hard fork probably). What I mean is learn from XMR's decentralized service ecosystem.

Monero will obviously continue to function, as it's Blockchain is decentralized by design, people will continue to mine and transactions will continue to flow, but with a very low volume than before.
The price will be negatively impacted, I think as it becomes a less liquid asset, though there could be some solution in the horizon if some developers started to work on an application for people to exchange in a P2P manner and make that application free software, there have had some of those for Bitcoin and their popularity has varied, though, it could become a central way for people interested in buying Monero to reach their goal into privacy. However, I am not sure how one could solve the problem of less businesses and people accepting it in exchange for their goods and services on the internet, the stigma which is being purposefully created against Monero will make merchants not to have anything to do with this project.
The community of Monero is passionate enough for them to think and come up with a solution to this lack of liquidity, this as expected to happen on exchanges, so let us see what the response is going to be.

Even for Bitcoin, which is the most popular cryptocurrency, it can be hard for some people to acquire, especially if you’re not willing to do KYC or you live in a country with strict regulation, and adoption is still not that significant. I think Monero will be fine, just like Bitcoin has been fine through periods of adversity, you just might have to deal with some inconvenience and will have to live with bearish market performance.

It's sad to see Monero being forced to die. Many of the popular exchanges have delisted Monero, that is the reason why there's a sharp decrease in trading volume. Although Monero is more popular being traded in shady and underground exchanges, yet they don't have large volume and whatever volume it may be, it is not counted by aggregators like Coinmarketcap. Monero is currently 45th by marketcap and as they fade from sight, people would start forgetting it. It might survive on the dark web but won't increase much in value as the demand would be low.

While we've already seen that delisting from big exchanges does affect Monero's price, I still hope you're wrong. Monero does deserve more attention. The rather silent war against it proves this point big time. Monero is even more pro-liberties than Bitcoin. But yeah, sadly going for beliefs rather than profits is a small niche.

In my opinion, even though the price of Monero has fallen too deeply and is currently rarely talked about, I am sure that Monero will rise again and will definitely remain in the crypto market and will rise again to the top 10 CMC, even though this is very difficult. , but considering that monero has a fairly large community and popularity, I am very optimistic that in the future monero will get better,

I'm afraid so. Without places to buy/sell Monero, who would want to use it? Only a small portion (mainly libertarians, cypherpunks, tech enthusiasts) will support XMR. The rest will carry on as usual with top-tier coins. Expect the battle between privacy coins and mainstream governments to last for a long time.

I can't imagine how low XMR's market price will be in the future. Especially without exposure from VCs, institutional investors, and retail investors alike. Definitely not worth it as a long-term investment. If you're planning to use Monero as a currency, this shouldn't be a problem. Hopefully, developers stay anonymous to help protect XMR against government interference. Maybe Monero will live alongside Bitcoin for generations?