Topic: Why is Monero so heavily undervalued? - page 2. (Read 337 times)
I think the fact that famous people and billionaires are getting into cryptocurrency has a lot to do with accceptability of bitcoin, the previous idea of cryptocurrency been use for illegality is gradually fading, hence there is little need for dark, anounymous transactions! Monero and other can are still very much needed in cade of crackdown on cryptocurrency!
I won't use the term 'so undervalued' because Monero still manage to grow but not as good as last bull season in 2017, not so many whales have eye on privacy coins this time around but that doesn't mean it's the end for privacy coins either
A coin that's made to excatly oppose the government or anyone who trying to put you in surveillance, if you think the government likes that then you are gravely mistaken.
Also, some people avoid using monero because they afraid of getting labeled rather suspicious by the government since you know how privacy this coin is that usually being misused by some people. Holding it too long will give you trouble I guess in some countries thus the undervaluing of the coin.
Also, some people avoid using monero because they afraid of getting labeled rather suspicious by the government since you know how privacy this coin is that usually being misused by some people. Holding it too long will give you trouble I guess in some countries thus the undervaluing of the coin.
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.
I think that anonymity coins are a classical example for things that really benefit or get recognized when it is too late, but then even more. Right now everybody feels comfy, switching coins back and forth, using coins that are not anonymous because they are fast and cheap, it is all cozy!
Let's wait for the big news coming out that some secret service gets hacked and the data reveals that 78% of the Bitcoin users are on their radar and fully identified. These kinds of events are what out of a sudden will drive the demand for coins like Monero.
You believe you can use your malfunctioning breaks for another month because it's still alright. Out of a sudden you have to break really hard a traffic light and you almost crash. The next day you'll get those breaks repaired for sure!
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?
Monero is heavily overvalued considering it is just a fork of bytecoin that can be tracked. 0xMonero on the other hand is highly under valued. 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?
Because it is a real threat to the governments. It is not trackable which makes it the best choice for any criminal use. XMR is right now the #1 crypto on the darknet. I believe most exchanges are not happy to list monero and they will delist it after the first sign of trouble.
The most contributing factor is likely the lack of availability on exchanges as compared with non-privacy coins... and the recent delisting from many exchanges.
I think it's because they are still heavily regulated, what I mean is that majority of exchanges are not carrying them because they are afraid that regulators will come after them. That's why they are delisted and under performing in the bull cycle. So for investors this is not healthy, and maybe there are obviously who cares about their privacy and anonymity that invest on Monero and other privacy coins.
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?
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?
It's all about social medias nowadays. Although monero has great feature, it doesn't have that big of a social media attention than ETH, DeFi, etc. Not to mention those bans and regulations on privacy coins are taking a heavy toll on monero. It's not the era of privacy coin anymore.
For example, monero is good though, it's just that I can't see using it myself because I don't really have any reason to hide my transaction, I think that applies to most of the people nowadays.
many exchanges delisting it due to government enforcing their regulation to limit or even ban privacy coin making the trading volume and overall market capitalization decreases.
there's just too much things that holding this coin from growing and most of them coming from the government who are always against anonimity so you can expect this coin to be undervalued and maybe gonna stay like that for long.
there's just too much things that holding this coin from growing and most of them coming from the government who are always against anonimity so you can expect this coin to be undervalued and maybe gonna stay like that for long.
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.
Monero got attacks by news, exchanges, governments recent years and people can use those currencies for their tradings, fund movements but they are scared with investment.Capital on the market can rise or fall and in bull market, it is true to say capital would rise. The capital has to flow from less profitable to most profitable trend. In 2020 and 2021, trends are DeFi, NFT, and meme tokens.
If the bull come back after all, I would like to see a trend for cryptocurrencies with good technologies and old like Monero, DASH, ZEN, ZCASH. Capital has to move around and NFT, meme tokens can not rise forever.
People want bells and whistles and high APYs. Monero doesn't have that flashy marketing. Aside from that there is almost no real world usage outside of darknet markets. Exchanges and payment processers are scared of accepting it. Coinbase will list a million shitcoins before they list Monero. It has it's niche among privacy conscious people but there is not much adoption outside of this small amount of people.
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?
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?
Looks like nobody like to invest on a privacy coin, i dont know why, maybe because the feature make them afraid because government may have take down them in the future.
I remember i invest on Bitcoin Private at the beginning of the project, now i see on coinmarketcap, the volume is almost nothing.
Monero is not an undervalued coin but rather it is an underestimated coin based on what it is.
I agree to the person who said that not everyone is into privacy coins and with the action of exchanges and FinCen into it makes people avoid it.
Yet, there are still a lot of people that likes it.
I agree to the person who said that not everyone is into privacy coins and with the action of exchanges and FinCen into it makes people avoid it.
Yet, there are still a lot of people that likes it.
Institutional investors will not want to invest in currencies such as currencies which are enemies of governments. if a well-respected company and millionaire or billionaires people to keep buying coins as monero, it would be the same as these rich people and companies are encouraging people to invest in those privacy coins that governments already associate them with crime and governments would not just be seeing some company or billionaire encouraging people to invest in privacy currencies. it would have serious and heavy consequences for companies or billionaires investing in privacy coins, people have already realized this and already realized that the future is the damn KYC and there is no room in the future for privacy coins
I was just wondering why this coin is extremely undervalued when compared to the rest?
Am I missing something? Isn't this much better than bitcoin itself?
What do you think?
Am I missing something? Isn't this much better than bitcoin itself?
What do you think?
Not all people are into privacy things especially those traders who wanted to earn profit but would like to avoid trouble in cashing out their profit as much as possible. With the government having a problem with privacy coins, traders think that if they use coins with this kind of function like monero would possibly put them in an undesirable situation where they can possibly lose all their earning and would have trouble can be possibly accused of laundering money.
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.
The reason is all the coins had these huge rally because of institutional institutions investing heavily in the major coins in the market and if you look at the portfolio of some of the publicly available institutional investors we cannot see them including Monero in their portfolio and even Grayscale Investment who invested in major cryptocurrencies which include Zcash and its fork Zen did not invest in Monero.Regulatory reason might be the reason these institutional investors are staying away from privacy coins and i do not trust Zcash as a privacy coin either because of the obvious comments made by Zooko during the wannaCry attack that they can comply with the authorities to trace the criminals.
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.
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?
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?
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