What do you think about XMR - Monero?

Helena Yu

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Quote from: ? on November 29, 2024, 06:36:07 AM

But why a person would ever convert their BTC to Monero.. I wonder about that.

As I said, to achieve complete privacy.

Bitcoin = Good for investment, less privacy.
Monero = Bad for investment, best in privacy.

How do maximize profit and privacy at the same time? hold Bitcoin, convert to Monero, then convert it back to Bitcoin.

Quote from: ekiller on November 29, 2024, 08:21:09 PM

Actually, the privacy feature in Monero is not directly proportional to crime. I find it a bit strange that when you think of privacy, you only think of people who commit crimes. May be privacy never a big deal for you. Because you haven't experienced anything negative yet. This is just for now.

Poor and middle class people mostly doesn't know how important is privacy, that's why we see a lot people choose to become content creators or influencers. But it doesn't mean I'm rich though, I still in middle class people, but I know why people care with privacy.

ekiller

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Quote from: justdimin on November 29, 2024, 02:48:51 PM

Quote from: ekiller on November 27, 2024, 05:42:03 PM

I want to hear your thoughts on Monero in the short, medium and long term. It has hardly increased in recent increases.

It is stable and horizontal like a fallen tree trunk. So will XMR continue to lose value by crawling like this? Or is another big increase possible?

I would be glad if you could write your answers and explain why you think so.

Never liked it to be fair, I understand some people like it for privacy reasons, but I never had anything to worry about in privacy parts, I do share my KYC publicly on all the exchanges and companies, and most of them gets hacked as well, so my KYC is actually public to everyone if you search for it, there is really nothing hidden anymore. Not only that, I have an instagram and facebook account, where I share my personal photos, or twitter account under my own real name, where I share my thoughts.

So as you can see, privacy was never a big deal for me, and it's obviously not that much of a big deal for many people. The amount of people who never do anything illegal, and yet still use Monero is very tiny, and that's why it can never grow. It's great for criminals, because you can hide your money and all, but if you are not a criminal, and you want to still hide your money, you are in a niche group, most people share everything about themselves online for free at social media anyways.

Actually, the privacy feature in Monero is not directly proportional to crime. I find it a bit strange that when you think of privacy, you only think of people who commit crimes. May be privacy never a big deal for you. Because you haven't experienced anything negative yet. This is just for now.

justdimin

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Quote from: ekiller on November 27, 2024, 05:42:03 PM

I want to hear your thoughts on Monero in the short, medium and long term. It has hardly increased in recent increases.

It is stable and horizontal like a fallen tree trunk. So will XMR continue to lose value by crawling like this? Or is another big increase possible?

I would be glad if you could write your answers and explain why you think so.

Never liked it to be fair, I understand some people like it for privacy reasons, but I never had anything to worry about in privacy parts, I do share my KYC publicly on all the exchanges and companies, and most of them gets hacked as well, so my KYC is actually public to everyone if you search for it, there is really nothing hidden anymore. Not only that, I have an instagram and facebook account, where I share my personal photos, or twitter account under my own real name, where I share my thoughts.

So as you can see, privacy was never a big deal for me, and it's obviously not that much of a big deal for many people. The amount of people who never do anything illegal, and yet still use Monero is very tiny, and that's why it can never grow. It's great for criminals, because you can hide your money and all, but if you are not a criminal, and you want to still hide your money, you are in a niche group, most people share everything about themselves online for free at social media anyways.

?

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Quote from: Helena Yu on November 29, 2024, 04:10:16 AM

For me, Monero is already dead in price.

I don't consider Monero to be investment anymore, there's still a group will use Monero even it's completely illegal, but it just limited to "usage" not for investment. It's better to hold more-like a privacy coin i.e. Bitcoin.

So, whenever you want to stay anonymous, hold Bitcoin, then convert it to Monero, sell it.

But why a person would ever convert their BTC to Monero.. I wonder about that.

Helena Yu

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For me, Monero is already dead in price.

I don't consider Monero to be investment anymore, there's still a group will use Monero even it's completely illegal, but it just limited to "usage" not for investment. It's better to hold more-like a privacy coin i.e. Bitcoin.

So, whenever you want to stay anonymous, hold Bitcoin, then convert it to Monero, sell it.

FinneysTrueVision

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With the OFAC sanctions against Tornado Cash overturned, it opens up the possibility for Monero to be listed on exchanges. There is no legal basis for completely banning a decentralized privacy technology or limiting access to it. If Coinbase decided to list it, we will probably see a huge pump. They might restrict it in a few countries but it would still be a significant victory.

JeromeTash

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Crypto market is about speculation and hype… If you are really in this for some quick profits. Avoid the likes of monero. Look for the latest popular blockchains such as solana, Sui or Layer two, and you will make a little more than monero would have made for you on a good bull run.

Monero among other privacy coins has been heavily made unpopular, especially with some top exchanges delisting it. This means there will be less hype and demand.

passwordnow

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Quote from: ekiller on November 27, 2024, 05:42:03 PM

I want to hear your thoughts on Monero in the short, medium and long term. It has hardly increased in recent increases.

It is stable and horizontal like a fallen tree trunk. So will XMR continue to lose value by crawling like this? Or is another big increase possible?

I would be glad if you could write your answers and explain why you think so.

No one really knows. XMR is still good in the long term because it's a privacy coin not unless the exchanges will continue to delist them due to the regulators pressure on them. They can't do anything with it once they've been pressed on and they have to obey the government by having it delisted. But it's one of the best altcoins out there but it's just so happen that's it's not for personal gains and profits but more of increasing our privacy. We can say that this coin is really doing its job and description.

avikz

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Quote from: ekiller on November 27, 2024, 05:42:03 PM

I want to hear your thoughts on Monero in the short, medium and long term. It has hardly increased in recent increases.

It is stable and horizontal like a fallen tree trunk. So will XMR continue to lose value by crawling like this? Or is another big increase possible?

I would be glad if you could write your answers and explain why you think so.

It is really hard to speculate. For me, Monero is a solid cryptocurrency and is loved by the privacy focused users. So I don't see monero going down anytime soon unless there is a global pressure from the enforcement agencies of various countries.

Also I don't think monero is going to lose a great amount of value because it still has a huge user base. The only concern I see is its decreasing trading volume. I personally feel that Monero is here for a long time. But I am only human and I can make mistakes.

MAAManda

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Since privacy-focused coins don’t have much room to move right now, I think it will slowly lose its value. Some of the big CEXs are still listing it on their exchanges, but we don’t know what might happen in the future. Binance with the largest capitalization power delisted this coin some time ago, if you don't really use the technology of Monero (XMR) & only focus on the profit from your investment, you better switch to leading projects that have been more tested.

nelson4lov

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Hard to say tbh especially now that privacy is not longer a deal breaker for crypto and Privacy coins like Monero haven't had it easy in the last couple of years. XMR even got delisted from Binance if I remember correctly. But it's the bull run, privacy coins like Monero can catch a bid and get some attention when it's full alt szn / turbo mode.

As an investor, you have to adapt with the trend and this market has moved away from the privacy and cypherpunk culture.

ekiller

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I want to hear your thoughts on Monero in the short, medium and long term. It has hardly increased in recent increases.

It is stable and horizontal like a fallen tree trunk. So will XMR continue to lose value by crawling like this? Or is another big increase possible?

I would be glad if you could write your answers and explain why you think so.

Topic: What do you think about XMR - Monero? (Read 122 times)