Topic: Can Monero survive exchange de-listings and low merchant adoption? - page 2. (Read 842 times)

When it comes to privacy, many investors prefer Monero to Bitcoin because they have similar future of decentralization. I don't know why some exchanges are de-listing Monero, is it because they are not able to control any of their affairs due to decentralized nature.
Some good exchanges still have monero in their list of coins, I don't think it will be delisted in all exchanges.
But I never hear any news that people are using monero for criminal activities because only that will be the main reason to de-list the cooin with immediate effect.

While I do understand your point, I'll say "never say never".
Bitcoin was pretty much also seen as a coin for criminals and geeks at some point too, let's not forget that.
Of course, calling Bitcoin like that while it's an openly visible ledger is stupid, and of course, Monero is better suited for that job, hence some will always call it like that.

But I don't think that Monero beats fiat as "coin for criminals". And I hope that soon enough people will wake up an stop bashing this very good coin.
Also, as you said, Monero is not easy to get and not easy to convert back, hence it's not easy for the criminals to deal with it.

This being said, I hope that people will get to see Monero's value before it becomes too "niche".


PS. In the past few weeks Monero's price vs Bitcoin has recovered a little (and that's more than how much Bitcoin price vs fiat has dropped). Any idea why?

There is a huge privacy gap in the crypto world that has been created with the seizure or closure of popular Bitcoin mixers and some No KYC p2p exchanges, as I pointed out earlier on. Most of the users are going to move to privacy leaning coins like Monero. Monero being the oldest and biggest will get a lion share of the users.

Someone said that even if Monero reached $1… Hold up, Like, how is it even going to reach $1? This is no TerraLuna or FTX token 

It still has a future, we all like privacy and that's why monero is the top notch of it.
Even with delistings from the centralized exchanges, there will be community driven exchanges that will be made just for monero to get ahead and have more uses.
Government doesn't really like its features and that's why they're taking it down.

Now that we have a working DEX I hope Monero gets delisted from all CEX, ASAP.

Government and their "regulators" have lost this war, miserably. 

Monero is an altcoin much loved by a large number of investors and by those who care a lot about their privacy, i believe that it will survive the delisting from the main CEXs very well, its exchange volume will grow on the various DEXs

As you can see in the picture I posted above, the recovery is also driven by the XMR/BTC price. XMR has performed well in a context where almost all other altcoins were stagnant or even bearish. Only Bitcoin and ETH managed to hold their price approximately, but XMR performed even better than them.

It is possible that the current price is a local high, of course. But I believe there are reasons to believe that there is genuine demand for Monero and thus the recovery can continue.

Monero may be already now trading mainly via P2P and exchanges in privacy-friendly jurisdictions. I'm not as pessimistic as you regarding bans. It's not easy to outright ban a cryptocurrency in a democracy (the UAE is another story as it's an almost-absolutist monarchy). Trading "bans" on registered exchanges are easier but even there I believe the last word is not spoken, even if currently for example the proposed AML directive update 8 for the EU doesn't look good. Monero proponents should be much bolder promoting XMR as a means to finance opposition activity in autoritharian countries like Russia, and this could also find open ears in "Western" governments that a completely fungible and censorship resistant "digital cash" is not a bad idea.

If you look at the charts, it is higher right now than it was during the delisting, Binance delisted it when it was 115 or so, and right now it is closer to 160 to 170, which means that it is doing better compared to that time. Does that mean it would be a great investment to make? I personally do not think so, I believe that it only recovered because of the market and will do badly later on, but that is just my idea.

I believe that because it is privacy focused, governments all around the world will ban it, and every exchange will be forced to delist it, and eventually it will reach to a point where you would have to use p2p or terrible shady exchanges. This is why I do not see a bright future for Monero at all and would not invest.

It seems that when making a decision you need to look at developments first to overcome all of this, in this case Monero uses technology to increase privacy with anonymous transactions, and cannot be tracked, however, the improvement period will continue as time goes by, if XMR goes down I think many people will reconsider it. although it is a choice for those who and it depends on each individual's thoughts.

Do not forget that states, especially if they unite and make a common decision, can greatly influence the cryptocurrency market. Monero is the leader in the field of anonymous and confidential cryptocurrencies, and states are very negative about them. I believe that over time, states will only increase pressure on coins with a high level of anonymity, until they are completely banned or go into the shadows. Although there will always be a certain demand for such coins in society, I do not recommend getting carried away with them.

Why not? There are several celebrities with a rebellious image. Take (punk) rock stars, gangsta rappers, certain actors, "business punks" ... Their image actually could benefit from endorsing Monero.

There also could be celebrities for example supporting opposition activity in dictatorships like Russia, and those people could explain the public why Monero is good for these activities as they make it more unlikely to be detected and prosecuted by their respective authorities.

Perhaps the XMR community should reach out to this kind of personalities

As long as there is no ban on Monero, there is no reason for a merchant to cease XMR support due to "fear from government prosecution".

If XMR merchant adoption is currently decreasing (I don't know numbers that could confirm that), then it's probably related by their favourite crypto exchange having delisted Monero. This is of course a real danger. So it depends on the Monero community if their decentralized exchange tools, like Haveno, grow to maturity fast enough to replace the centralized options.

About Monero at $1: I see no reason why it should not be used as currency in this hypothetical case (as I wrote before, XMR is currently a well performing crypto, so this is "very" hypothetical ). However, a fall to $1 should have a reason, and it is likely that a dramatic loss of adoption should have occurred before this mega-crash happened (99.4% compared to current price).

If XMR falls all the way to $1, I doubt people will continue to use it (except for true believers of the coin). Especially when the general public considers crypto to be investment assets (not real currencies). With limited merchant adoption, Monero will be doomed in the long run. The tech is good, but without mainstream adoption, how will the coin survive? That's an excellent question.

There are powerful forces who don't want truly-decentralized cryptocurrencies to succeed. If everyone was using Monero, governments would have less control/power by now. Hopefully, the XMR chain remains alive in the future.

Monero doesn’t need any endorsement from anyone just like bitcoin. As long as the xmr network is up and running, the rest is only noise. Price-wise monero can go to $1 and it will still work flawlessly and that’s all that matters.

$1=xmr would suck for the investors without a doubt but nobody told you to go all in in these highly speculative investments. Have a diversified portfolio and it will be fine no matter what happens in the future.

I doubt a celebrity or influential person will endorse Monero. Especially when it's labeled as a "coin for criminals" by mainstream governments. Would anyone want their reputation tainted by supporting a controversial cryptocurrency? I think not. I'm afraid Monero will remain a niche to those who truly care about privacy. It won't be able to reach higher market prices in the long term, but at least it will remain useful.

All trading activities will be performed on decentralized exchanges, P2P exchanges, and in-person (F2F). Merchant adoption will continue to decline out of fear from government prosecution. It'll be a dark future for Monero and the crypto industry as a whole. With "Wall Street" in the game, we should expect regulations to become stricter in the long run. Nobody cares as long as they're able to make a profit, right?

I bump this thread because Monero's price evolution in the last weeks has been like ... a strong answer to the question asked in the OP, and a big middle finger to the regulators and angsty exchanges:



Monero was one of the best performing coins in the past month and now again in the top-40 on Coingecko (#36). The $180 which were reached a couple of days ago are the highest price since January 2023. The decrease to $168-170 is mainly caused by the weak Bitcoin price evolution this week (8-10% decrease from the short 72k local peak). The orange line is the price in BTC showing this phenomenon. In BTC the price is still relatively low.

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.