What do you think about XMR - Monero?

mich

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Quote from: ? on December 27, 2024, 07:44:37 AM

Quote from: mich on December 27, 2024, 04:27:25 AM

Well I did used to be a hodler of this privacy coin. I did like the idea that it is a public and decentralized ledge. But there was alot of crackdown on the coin and I do think it was bad for the project.
It does still have marketcap of more then $3.5 Billion. And this is more then twice of next privacy coin Worldcoin. i do think there is alot of bad things you can do with this coin.
https://www.dlnews.com/articles/defi/regulators-turn-on-privacy-coin-monero-after-bitcoin-booms/

Any coin can be used for the "bad" of it, and surely - if you are doing something that "bad", you won't use CEXes in the first place so that people would try and have a chance to track you.

Well yes that is right. But for XMR is was made for privacy not all the other crypto coins were. When a person does want to do a thing bad he will use a privacy coin like monero.
Because there is not alot of Dash coin that is being sent now. For me when I do hear monero I think of a person that is doing illegal things with crypto.

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Quote from: mich on December 27, 2024, 04:27:25 AM

Well I did used to be a hodler of this privacy coin. I did like the idea that it is a public and decentralized ledge. But there was alot of crackdown on the coin and I do think it was bad for the project.
It does still have marketcap of more then $3.5 Billion. And this is more then twice of next privacy coin Worldcoin. i do think there is alot of bad things you can do with this coin.
https://www.dlnews.com/articles/defi/regulators-turn-on-privacy-coin-monero-after-bitcoin-booms/

Any coin can be used for the "bad" of it, and surely - if you are doing something that "bad", you won't use CEXes in the first place so that people would try and have a chance to track you.

mich

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Well I did used to be a hodler of this privacy coin. I did like the idea that it is a public and decentralized ledge. But there was alot of crackdown on the coin and I do think it was bad for the project.
It does still have marketcap of more then $3.5 Billion. And this is more then twice of next privacy coin Worldcoin. i do think there is alot of bad things you can do with this coin.
https://www.dlnews.com/articles/defi/regulators-turn-on-privacy-coin-monero-after-bitcoin-booms/

lixer

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Quote from: stomachgrowls on December 21, 2024, 09:21:25 PM

When it comes to predicting prices then it will always be giving out that question mark on which there's really that no assurance on where it would be going because we do know that pumps will really be caused up by demand and recognition and some whales or with some good news but so far we havent seen on XMR to be that in increase considering that the market is making up some considerable jump. This is why its really that hard to tell since we dont know on what are the coins or projects that will jump up whenever the market do make out its bullish sentiment. We do know that there will really be factors that will be affecting out a coin price but knowing XMR is an L1 which offers that anonymity.

The main issue on this one is really that this coin is really that being delisted on many platforms because if we do really speak about real anonymity then this project does really have it and thats why its not surprising that centralized exchangers would really be definitely removing this coin specially if its get mandated by the government who do regulates these platforms. They wont really be allowing thjngs that cant be traced up on which the anonymity of Monero surpasses on what are those other anonymous coins out there.

He include short and mid-term there. I think it is still possible to predict these two than the 3rd one or the long-term. He said XRP is stable but then he also said if it will continue to lose value. I think both sentences are fighting with each other. If it is stable then it must only be stable, at least for the short and mid-term. The same thing goes if it's losing its value continuously.

The reason might be on why XMR can't join the other in this bull market is due to its discrimination from the regulatory bodies or exchanges. I think a lot of people only rides the XMR hype before to earn and only less people are concerned about its true technology, so most of those people have ended their support from it. This is another reason for its stagnation or drop.

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Quote from: JeromeTash on December 20, 2024, 04:53:44 PM

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

For me, Monero is already dead in price.

The price is not "dead" as such. Currently selling at Approximately $200 does seem to be something dead hahaha. Maybe if it was selling at $0.0000000001. The problem potentially is that XMR price rise is no longer as huge as it used to be in terms of percentage gains. The same applies to a number of cryptos

For me, there is no "dead price" for a coin, it can be lower or corrected looking at the ATH of the said coin, but if it's traded and used - it's alive.
But I do understand from where the term comes from Grin

tygeade

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Quote from: stomachgrowls on December 21, 2024, 09:21:25 PM

When it comes to predicting prices then it will always be giving out that question mark on which there's really that no assurance on where it would be going because we do know that pumps will really be caused up by demand and recognition and some whales or with some good news but so far we havent seen on XMR to be that in increase considering that the market is making up some considerable jump. This is why its really that hard to tell since we dont know on what are the coins or projects that will jump up whenever the market do make out its bullish sentiment. We do know that there will really be factors that will be affecting out a coin price but knowing XMR is an L1 which offers that anonymity.

The main issue on this one is really that this coin is really that being delisted on many platforms because if we do really speak about real anonymity then this project does really have it and thats why its not surprising that centralized exchangers would really be definitely removing this coin specially if its get mandated by the government who do regulates these platforms. They wont really be allowing thjngs that cant be traced up on which the anonymity of Monero surpasses on what are those other anonymous coins out there.

Who though? Who is it providing anonymity? That's the real question that everyone is asking. Lets not act as if governments and law enforcement is against Monero for tax purposes or anything, lets not act as if this is some altruistic amazing coin that provides safe haven to people who hate their government, let's not act as if XMR is something for libertarian people that is getting chased because people fear true libertarians or something. The simple truth is that we are dealing with something illegal here, because there are waaaaaaay more illegal usage in monero than just libertarian usage.

Hence, why the law is against it, because you can simply use it for drugs or whatever, even terrorists use it, and hackers too, hence it's a very dangerous coin.

stomachgrowls

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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.

When it comes to predicting prices then it will always be giving out that question mark on which there's really that no assurance on where it would be going because we do know that pumps will really be caused up by demand and recognition and some whales or with some good news but so far we havent seen on XMR to be that in increase considering that the market is making up some considerable jump. This is why its really that hard to tell since we dont know on what are the coins or projects that will jump up whenever the market do make out its bullish sentiment. We do know that there will really be factors that will be affecting out a coin price but knowing XMR is an L1 which offers that anonymity.

The main issue on this one is really that this coin is really that being delisted on many platforms because if we do really speak about real anonymity then this project does really have it and thats why its not surprising that centralized exchangers would really be definitely removing this coin specially if its get mandated by the government who do regulates these platforms. They wont really be allowing thjngs that cant be traced up on which the anonymity of Monero surpasses on what are those other anonymous coins out there.

JeromeTash

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

For me, Monero is already dead in price.

The price is not "dead" as such. Currently selling at Approximately $200 does seem to be something dead hahaha. Maybe if it was selling at $0.0000000001. The problem potentially is that XMR price rise is no longer as huge as it used to be in terms of percentage gains. The same applies to a number of cryptos

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.

XMR offers the privacy advantage that Bitcoin does not. Some people just value the privacy so much.

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.

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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 306 times)