Why is Monero so heavily undervalued?

Cappex

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Quote from: Why you bully me on June 19, 2021, 05:44:36 PM

I was just wondering why this coin is extremely undervalued when compared to the rest?

It takes away control from system in charge giving the people the power. It is fungible meaning all xmr tokens are identical to one another (no previous history of the coin transactions can be attained making it completely private). It is private by default no one can see any transactions that is made only the sender and receiver of the transaction that has been made between them. Fast, cheap, secure to use. Proven history with a 625k irs bounty and many governments are scared of this coin because of its potential and try to take it down and all have failed. Trail emissions of 0.6xmr per block (end of May 2022) to incentivize miners to continue mining monero with very little coins coming into existence and at a very slow pace. More scarce than bitcoin itself and ofcourse much more useful for p2p cash and taking control back from the system like both was designed for.

Am I missing something? Isn't this much better than bitcoin itself?

What do you think?

without a shadow of a doubt, privacy is an added value and this however needs time to be understood, especially when using pseudo-anonymous blockchains such as bitcoin or ethereum.

Reid

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ICO, DeFi, NFT's, and now memecoins made investors forget about these old coins.
It's not just them, many names are buried because of these new platforms that are being created. They are hyped by celebrities and billionaires while Monero doesn't have that before.
Thankfully, Bitcoin was not affected and Ethereum also dodged that bullet.
We are now in the phase where they just want profit every time they hear about cryptocurrencies.

Sterbens

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Quote from: Stedsm on June 19, 2021, 05:51:04 PM

I don't know why but dark coins like monero, dash, zcash, etc. have been highly underperforming during this bull run if you compare ETH and BNB to BTC in terms of both BTC and USDT. It maybe because the new trends have changed the look of crypto by dragging the attention towards shitcoins, memecoins, DeFi, staking, NFTs, etc. Nobody is interested in dark coins and that seems the major reason why a coin like XMR is not growing the way it should.

What is certain is that the privacy coins of users are those who are said to be people who do not want their identity to be wide open. while those who dominate the crypto market are more likely to trade normally like traders. not those who make transactions to avoid government attention.
then basically everyone is busy with the price movements of altcoins that have high value. Finally, during the rally, privacy coins did not move much, at least it shows that they are almost focused on trading in the main coins.

jrrsparkles

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Quote from: Why you bully me on June 19, 2021, 05:44:36 PM

I was just wondering why this coin is extremely undervalued when compared to the rest?

It takes away control from system in charge giving the people the power. It is fungible meaning all xmr tokens are identical to one another (no previous history of the coin transactions can be attained making it completely private). It is private by default no one can see any transactions that is made only the sender and receiver of the transaction that has been made between them. Fast, cheap, secure to use. Proven history with a 625k irs bounty and many governments are scared of this coin because of its potential and try to take it down and all have failed. Trail emissions of 0.6xmr per block (end of May 2022) to incentivize miners to continue mining monero with very little coins coming into existence and at a very slow pace. More scarce than bitcoin itself and ofcourse much more useful for p2p cash and taking control back from the system like both was designed for.

Am I missing something? Isn't this much better than bitcoin itself?

What do you think?

Being completely private is also the reason why it is not getting much attention as other coins, governments are not going to let the complete anonymous coin to grow because they know the importance of decentralization and they are not going to let the people to attain the financial freedom.

Why you bully me

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Quote from: shogun47 on June 22, 2021, 07:54:22 PM

Quote from: poodle63 on June 20, 2021, 06:36:33 PM

Quote from: ?? on ??

In my opinion, not everyone underestimates the Monero coin. Many people like Monero for those who attach great importance to privacy for various reasons. However, if you like assets with a high level of privacy, then Monero is certainly a good investment vehicle.

being privacy coin doesn't mean it's gonna be a great investment though, there's just too many thing need to be taken into consideration.
for example is, how government reaction against this coin, will they trying to suspect anyone who uses this coin for the sake of AML and illegal activities such
as terrorist funding? I know not all the people who uses this coin actually doing some criminality, maybe they just want complete privacy but often times this
coin that fully shield its user from external spy gonna be related into some malicious thing by the government just because they oppose it.

The government will try to crack it as they are already doing. They are also hiring the best hackers and developers around the world to get something done against privacy coins. As far as I know the governments have also bought stakes in companies that focus on blockchain forensics and traceability of any coin. The implications you are talking about aren't trivial. Think about having no cash anymore, that's like being naked because every single purchase you make can be traced down to you. I think that privacy coins will play a vital role in the future for all of us and the race will always be the algorithm of the privacy coin against the surveillance technology of governments.

You think they will be able to crack privacy coins like monero?

shogun47

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Quote from: poodle63 on June 20, 2021, 06:36:33 PM

Quote from: ?? on ??

In my opinion, not everyone underestimates the Monero coin. Many people like Monero for those who attach great importance to privacy for various reasons. However, if you like assets with a high level of privacy, then Monero is certainly a good investment vehicle.

being privacy coin doesn't mean it's gonna be a great investment though, there's just too many thing need to be taken into consideration.
for example is, how government reaction against this coin, will they trying to suspect anyone who uses this coin for the sake of AML and illegal activities such
as terrorist funding? I know not all the people who uses this coin actually doing some criminality, maybe they just want complete privacy but often times this
coin that fully shield its user from external spy gonna be related into some malicious thing by the government just because they oppose it.

The government will try to crack it as they are already doing. They are also hiring the best hackers and developers around the world to get something done against privacy coins. As far as I know the governments have also bought stakes in companies that focus on blockchain forensics and traceability of any coin. The implications you are talking about aren't trivial. Think about having no cash anymore, that's like being naked because every single purchase you make can be traced down to you. I think that privacy coins will play a vital role in the future for all of us and the race will always be the algorithm of the privacy coin against the surveillance technology of governments.

poodle63

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Quote from: ?? on ??

In my opinion, not everyone underestimates the Monero coin. Many people like Monero for those who attach great importance to privacy for various reasons. However, if you like assets with a high level of privacy, then Monero is certainly a good investment vehicle.

being privacy coin doesn't mean it's gonna be a great investment though, there's just too many thing need to be taken into consideration.
for example is, how government reaction against this coin, will they trying to suspect anyone who uses this coin for the sake of AML and illegal activities such
as terrorist funding? I know not all the people who uses this coin actually doing some criminality, maybe they just want complete privacy but often times this
coin that fully shield its user from external spy gonna be related into some malicious thing by the government just because they oppose it.

Koutami

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Quote from: hatshepsut93 on June 20, 2021, 06:35:54 AM

Privacycoins are a very risky investment, they could get outlawed in the future much more likely than regular cryptocurrencies. Privacycoins have already been delisted from many exchanges and have no chances of getting listed on some major exchanges like Coinbase. No institution would want to have any ties with privacycoins, considering their strong reputation of being criminal's tool.

This is the main reason why its undervalued on the market. Its an issue with Bitcoin too before until Bitcoin prove that its not since the transaction is fully trackable.
Also Privacy coins didnt need price to rising, since the function to have a privacy transaction, the unvolatile price are just fine for the community.

SaveOurSea

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no one underestimates Monero, and Monero is not an undervalued coin, if you see this coin as undervalued, of course you have to explore more deeply about XMR,
XMR is one of the old coins, and parallel to Ethereum, Waves, and Ripple, and of course about I give Monero fundamentals an A for this project,
look at the ROI from XMR, it's already over 10000%, it's amazing.

marcous

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Quote from: ?? on ??

I don't think anyone says "heavily undervalued" apart from competitors, until now I still hold Monero and have made huge profits from trading and hold, and please stay to their community (twitter, reddit, etc) to know the latest updates from Monero.

Those who are always focused and don't compare much with others will always feel the maximum benefit, because patience and thoroughness will always give a person good results as long as he holds good coins, and not necessarily Monero.

masterrex

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Monero is undervalued, in what sense? If you talking about the price I think it's pretty good compared to other privacy-centric cryptocurrencies, Because we all know that most of the governments are against the proliferation of privacy-centric cryptocurrencies so the risk is there that anytime those privacy coins might be banned or delist in most exchange that scenario is not far from happening so I think that was a reason why Monero's price is stagnant.

domoy77

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Quote from: Desscount on June 20, 2021, 11:15:32 AM

That's for sure, after all I think every coin there are likes and there are not,
it's certainly very reasonable and nothing to worry about,
obviously everyone has their own favorite coin

Yes, and the average person always favors coins that have the potential and are always at the top of the cryptocurrency rankings, so it's a very natural thing when everyone favors different coins from one another.

Desscount

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Quote from: ?? on ??

In my opinion, not everyone underestimates the Monero coin. Many people like Monero for those who attach great importance to privacy for various reasons. However, if you like assets with a high level of privacy, then Monero is certainly a good investment vehicle.

That's for sure, after all I think every coin there are likes and there are not,
it's certainly very reasonable and nothing to worry about,
obviously everyone has their own favorite coin

Jackl87

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Quote from: Why you bully me on June 19, 2021, 05:44:36 PM

I was just wondering why this coin is extremely undervalued when compared to the rest?

What do you think?

I don't think that monero is "extremely" undervalued because if you look at coinmarketcap then it is still a top 25 coin with a market cap of over 4,5 billion $ i would say thats a pretty big marketcap. It is also true though that all privacy coins during the last bullrun from end of 2020 until May 2021 did by far not perform as good as other old and established coins because if you look at dash then it it obvious that it did not even reach half the price of its all time high that it had back in 2017.
The reason for that is probably that privacy coins where just not in the focus of most crypto investors during the last bullrun because Defi is now the number 1 topic and the platforms that those defi projects are built on.

inanilujimi

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Quote from: Why you bully me on June 19, 2021, 05:44:36 PM

I was just wondering why this coin is extremely undervalued when compared to the rest?

It takes away control from system in charge giving the people the power. It is fungible meaning all xmr tokens are identical to one another (no previous history of the coin transactions can be attained making it completely private). It is private by default no one can see any transactions that is made only the sender and receiver of the transaction that has been made between them. Fast, cheap, secure to use. Proven history with a 625k irs bounty and many governments are scared of this coin because of its potential and try to take it down and all have failed. Trail emissions of 0.6xmr per block (end of May 2022) to incentivize miners to continue mining monero with very little coins coming into existence and at a very slow pace. More scarce than bitcoin itself and ofcourse much more useful for p2p cash and taking control back from the system like both was designed for.

Am I missing something? Isn't this much better than bitcoin itself?

What do you think?

many investors do not want to deal with the government if they have xmr coins they can be suspected of having cases of embezzlement or money laundering.

trauchot

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Monero is a very top cryptocurrency and I also invest in this cryptocurrency from time to time and I get a good profit from it, and in general I very often see how various large investors write good things about Monero and they invest in Monero too, and in general I think that in the future the price of Monero very will grow a lot, so some time ago I invested in Monero and now I am waiting for the next growth of the cryptocurrency market and I hope to see next huge Monero pump already soon.

kryptqnick

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You're saying that Monero is undervalued, but it has a 4.5 billion dollar market capitalization. Moreover, while the ATH wasn't reached, the current price is 3 times as much as a year ago. Monero is an interesting project, but anonymous coins are at high risk of being banned because they're indeed very useful for illegal activities. So I think this is why institutional investors are more confident with Bitcoin than Monero: at least, they can argue that Bitcoin is transparent, so it can comply with AML regulations. Furthermore, there are probably simply not enough people who are truly interested in anonymous transactions, so they're fine using more popular cryptos.

enawati

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All old privacy coin did not surpass ATH but other old coin like BTC, ETH, DOGE, CARDANO did it, although the total marketcap surpass ATH in 2017. This is because the money from investors flow to others project like DEFI, Smart contract and NFT project. In my opinion NFT and DEFI is more powerfull project than privacy coin because crypto community get more benefits from it. And for ecosystem of smart contract platform also keep increasing even with so much competition in the market.

crwth

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There may be fewer people who care about that kind of privacy nowadays. It's not that mainstream as well. Maybe we could take advantage to buy more of it if you believe in the coin. It's just being mainstream and being the stored of value why the price of BTC has increased, and of course, it's BTC. It's not going to be mainstream because I think that coin is not for non-tech savvy people.

hatshepsut93

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Privacycoins are a very risky investment, they could get outlawed in the future much more likely than regular cryptocurrencies. Privacycoins have already been delisted from many exchanges and have no chances of getting listed on some major exchanges like Coinbase. No institution would want to have any ties with privacycoins, considering their strong reputation of being criminal's tool.

Topic: Why is Monero so heavily undervalued? (Read 321 times)