Bitcoin Forum

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?

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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! ;)

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.

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

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!

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.