Bitcoin Forum

Monero is one of the best (if not the best) privacy-oriented cryptocurrencies in the world. Anonymity is enforced by default, making sure your transactions are safe from prying eyes. It's no wonder why XMR is the top privacy coin in market cap. Competitors like DASH, Zcash, BEAM, and even Grin don't stand a chance against Monero's ever-growing user base and mainstream demand. Yet, non-privacy coins are faring better on the market with higher gains within such a short amount of time.

I'm wondering why hasn't Monero taken off yet? Do you think government regulations have affected Monero's ability to go higher in price? If not, then what could be the reason? Is Monero a good long-term investment? Or are there better choices on the market (besides Bitcoin and Ethereum)? Your input will be greatly appreciated. Thank you. :)

It also depend on the demand of thr project in my opinion. If monero doesnt taken off yet that is because there are not enough hype or news that could bring it high. If a project has been talk of the town then surely it has a price movement being seen. I dont think the government can influence about its price. Its more like should be question about if institutions or whales are still gonna be interested with it.

Lets face it. Some geek or techwise who holds this coin arent deep pocketed enough, it still depends on whales. Without whales who can move it the price will move slowly.

Monero is the best privacy coin and others can not compete with Monero. DASH, ZCash, BEAM, GRIN will join the party if Monero leads a new wave for privacy coins.

Privacy coins are in their hibernation for many months and if look further, can say they have years of hibernation since 2017 and 2018.

Many wanted awards to break Monero transactions but it survives so far. A very strong privacy coin, Monero and it has yet been delisted on big exchanges that shows the fact of failure to break XMR private transactions.

I think mixers/coinjoins/tumblers/blenders have taken a good share of the market from anonymity and privacy-centric coin like Monero. Just imagine if those were not present, Monero would have been the no. 1 choice.

Maybe. The FATF regulations scared some centralized exchanges and delisted XMR. I was expecting anon coins to surge with the increased pressure from regulators but I guess users prefer to use mixers.


 

People who wants complete anonymity are very less even in the crypto space that is the main reason why it is not at the peak level when bitcoin and some shitcoins are reaching the moon, and also the regulations from the governments highly affected Monero's growth in this bull run or else the price will be little higher than now since it was delisted from some of the exchange due to regulations.

no, moreno is probably one of the best privacy coins. but these coins are not a good investment. Privacy coins are getting special attention from the government due to the issue of money laundering and other illegal activities. if the government wants it can be removed from the market. and it will be very detrimental if you hold it too long.

I think that the reason here lies precisely in the possibility of tightening regulation of cryptocurrencies with a high level of capitalization by states and their governments. They do not hide it and some states have already banned Monero and some other coins with a high level of anonymity, such as ZCash and Dash. In the course of the struggle of states against money laundering and the fight against the financing of terrorism, it is primarily coins with a high level of anonymity that will be the objects of attacks, restrictions on circulation and even a complete ban.

I think it needs some news for it to land, the yellow color will light up and will be difficult to extinguish if it rises too high, I hope

It’s government regulation for which there’s no huge investor in Monero. No doubt in term of privacy and mcap, Monero is the best but people investing in crypto always think about the potential risk. If government puts a restriction in privacy cryptocurrency, value of such coins will be dumped significantly which I think is the reason of privacy coins not pumping huge.

However be the future of crypto, Monero is surely going to be a strong coin. It won't be affected as largely as other coins if mediated ban on crypto comes from all around the world. They have established a good use base and a market out of centralized exchange. With their privacy feature, they'd always be popular to hide your earning from the bad actors and political hurdles.

as long as the FATF does not issue a blocking law on XMR, it will always guarantee that XMR will continue to be the privacy coin that guarantees the anonymity of its users. We can't talk more about the integrity of XMR because they have consistently shown that they deserve to be called the most secure privacy coin.

There is nothing wrong with making XMR a long-term grip, because XMR still exists and is not easy to lose its position. even if it were to be urged, the holders and institutions behind XMR will fight for this privacy coin to keep it safe on all exchanges.

Privacy turns out to be not something we care about that much. I mean bitcoin is "privacy" enough for us, obviously it is not that much private we all know that but there are still some people who have no idea how to track someone from blockchain and that is why it is enough. I have done it before, I have tracked peoples movements to catch them lying about not having the money I told them they do, but that's just me, there are a lot of us around here that can do that, but we are all fine with that much privacy and the excess amount just doesn't really bother me.

Monero could be a good coin for dark net stuff, like drug dealers used to use bitcoin even though it wasn't too private and now they are using monero, hackers use monero as well when they hack into a computer. However at the end of the day there is really nothing monero offers to a regular person.

Anonymity and privacy aren't only limited to illegal activities and criminal activities. Many people have been aware about their privacy and don't want their monetary activities to be tracked (i am one of them) so they use decentralized apps and private coins.
Monero has some other good features too, and this is why largely adopted before the lunch of other competitor projects like Beam and Grin. I think all of them offer a good opportunity to long-term investement especially for Monero and Grin due to they are fully decentralised and maintained by community .

Monero is surely a safe bet for the long term since it has a solid foundation and useful use cases. Speaking about the mainstream, I doubt that the majority of people care about privacy that much. People love convenience instead of privacy, and the way people achieve their privacy is time-consuming for the mainstream. Nevertheless, there will be a market for people who truly thrive for their own anonymity and privacy, and monero suits them, so in the long term, Monero would stand a chance.

Monero is one of the best coins that maintain privacy and this is the most important feature in it, as well as another advantage which is the ease of mining compared to the rest of the coins that use difficult algorithms for mining. This is a double-edged sword because of the ease of mining. As it happened with Zcash before, where huge capacity miners entered, which led to the mining of huge amounts of Zcash and its price reduced.
I think that this is the main reason why the price of Monero does not rise much despite the importance of the coin and its good rank in the cryptocurrency market.

It can be. I saw someone who's into Monero and holds a lot of it. He doesn't btc, that was the mistake that I've noticed to him but he seriously considers monero as a good long term investment.
To me, it depends to the person who looks at it. If there's an actual reason why he thinks that it's a good investment, let it be his best investment.

I totally agree. This could be the hindrance for the growth of the privacy coins. Government are against with this as total anonymity could be used for some theft or robbery and they can escape easily without any hassle using those coins. If they have some btc or eth stolen they just exchange it to monero and thats it. No more track, I also see some cex that ban these coins probably due to that kind of nature.

We know that the Monero is the top privacy coin however right now I don't see many people are investing to this coin, if I could remember before I've seen post or probably an article online that the government have able to find some ways in order to track the transaction I don't know if it is true but if it is true then this will be very alarming to those users who are using this coin.

I have the same wonders. It's like they are battling a fight that is invisible. It's a good project and it has taken its flight before but there is just no hype for it "again".
From year to year, there will be another platform that pops out of the blue and they are more recognized than the old coins who had the better project already. They just needed that bump of support.
IMO, Monero is a good investment choice but after buying it a little help might matter to drag it back up again.

If not for investment, it is prolly widely used as private coins for payments usually in the black market. It was considered the most preferred used cryptocurrency payment on that online site thus masking the identity of both buyer and the seller.

 And since it was on the top list of CMC, it just means it is still one of the most cryptocurrency that has been always trading and/or certainly as long term  investment.

I think you forgot PirateCoin (ARRR). The coin is still relatively young compared to those listed, but has the strongest privacy functions in the crypto universe so far. In the past I used Monero as well, but now PirateCoin is my favorite privacy coin. You can found more information here https://pirate.black . The coin recently increased from $0.3 to over $5, but is now back at around $2.5. But still a big decreasing. You should definitely watch the coin ;)

As you say monero is probably the biggest and most well known privacy coin out there and as far as i know also widely used in the darknet for not-so-legal transactions that is where the main demand comes from i guess and of course from "normal" users that just don't want their transaction data to be publically available for the rest of time in the depths of the internet.
Regarding the price: Monero is one of those coins that did not benefit that much from the last bull run as it only barely managed to reach a new ATH, where other altcoins like ETH, BNB and many others managed to reach prices that were a multitude of the last ATH from the 2018 bullrun. In my opinion the reason for that is that during the last bull run the focus was on Defi projects and privacy coins were just not in the center of attention.

Monero is a great coin for its purposes, but with the contemporary world pushing us towards giving away more and more of our privacy, people are getting used to it and thus perhaps the demand for a private blockchain is not that high. Many of us easily give away our data online in social networks, and we're okay with providing ID to various authorities as well as with our fingerprints being in a governmental database (for travelling abroad) and google tracking our location all the time on our smartphones (unless you specifically turn this tracking off). Bitcoin itself doesn't even require an ID, and this pseudonymity seems fine for most users. Moreover, the backlash of the authorities will probably be higher when it comes to coins like Monero than those like Bitcoin. But given how low the price currently is, I think expecting 2x-3x long-term profit from Monero is very reasonable.

Personally i feel Monero is a great coin for protecting the privacy of the users. However, considering that it has high level of privacy layers, governments and other authorities may not share the same interest as common men. Given the high level of privacy it offers, this coin is notorious for being used by many for illegal purposes (more than Bitcoin). In fact, the US govt is offering a bounty of around half a million to anyone who can develop a working system to track the users of monero. Hence, if government wishes to ban cryptocurrencies partially, monero might be on the top of the list.

Also, the high gas cost it takes for each transaction makes it very undesirable.

And one would think privacy coins should be at the top of the market considering the fact that majority are more interested in anonymous and don't want their identity to be known, but for some reason majority are not too kin in buying privacy coins anymore, and am wondering why is that!
Even though government are against privacy coins they are also against crypto in general yet people are not slowing down to invest in it, between it is not as if the government can trace it, they can only make their loud noise as usual, certainly the interest of people towards holding privacy coins are very low compare to before,  now it seems people don't place much emphasis on such things anymore.

Monero is at 27th, DASH is at 65th, Zcash is at 70th, Beam is at 464th, and Grin 705th. None of the privacy coins is in the top twenty so it seems people focus still on bitcoin, ethereum and the other coin in the top ten.

Monero and the other privacy coins can increase in the future if people think that they need those coins' privacy to make a profit. People use other coins besides privacy coins because they want to make money, especially from bitcoin, which gets the biggest gain this year. They prefer to use bitcoin, ethereum, bnb, and the other top coins to make a profit, but I guess they still invest in the privacy coins for a long-term investment or get stuck by buying those coins at high prices.

I already sold my monero, zcash, dash, but I still have some of those coins and I do not mind holding them for a long time.

Maybe you can look at the top twenty such as DOT, UNI, LTC, SOL, LINK. But you can try to analyze more to find the other coins. If you want a low price coin, then you can try with ADA, MATIC, THETA,

Monero is a very top and popular cryptocurrency that has been trading on the cryptocurrency market already very long time, and during this time I have already invested in Monero many times and received a good profit from this, and therefore if there will be another correction of the cryptocurrency market this year, then I may be will invest in Monero again because I already have a good experience of investing in Monero and I think that in the future the price of Monero will reach new heights.

Monero hit a new ATH this year. It is a well-known anonymous cryptocurrency with a peak market capitalization of around $9 billion. Currently, the demand for monero is not as great as Bitcoin or ETH. Some countries consider anonymous cryptocurrencies bad and ban them. In the future, if anonymous trading increases, there will be an opportunity for Monero to increase in price. Currently, I find the value of this cryptocurrency to be at a good and appropriate level.

Yes, that's right, the monero that is happening now is very good, and promises a long-term or future project, and all of that must be considered again, whether all of this can be promising for long-term or future investments Observe first, don't let it happen as you don't want it.

You are right about people not caring about privacy coins all too much and looking into other coins but listing the other ones is not needed for this example. I mean yeah Grin is 700+ places but that is not because it is a privacy coin, it is because that coin sucks big time and that is the only reason. Same goes for beam as well, and maybe even Zcash a little bit.

Zcash is still a top 100 coin and will probably stay that way for a long time but that is about it, I doubt that we would see anything change for it, it will probably won't break into top 50 ever again. If we are talking about privacy coins then we are talking about Monero, all the others just suck big time. Even with that in mind though, we can still say that privacy is not something people care about because even the best one is outside of top 25, and that tells us enough about them.

Yes probably the majority of people holding or even using Monero have a better sense for privacy and surveillance related issues. I could imagine that a decent number of people using Monero don't use social media because they are understand what social media, how it is used and how it undermines private data.

A huge scandal about fiat systems or even about normal cryptocurrencies like Bitcoin would certainly lead to Monero blowing up. Someone who is new to the whole scene usually buys Bitcoin first and then starts studying the different cryptocurrencies and their purposes. Most first find out about all the other fancy coins with a certain function that sounds cool.

I doubt that was because of the government participation but I was for sure it is because of its potentiality that investors are neglected to notice. Because most of us are now practical, we are not aiming for totally anonymous that we need like Monero but instead, we are aiming to make money and that only we can achieve by investing hot and gainer coins.

That's certainly true, mate. Most people don't care about their privacy these days. They prefer convenience/ease-of-use on top of everything else. As long as this is the case, Monero won't be going anywhere. The coin needs big investors for its price to rise all the way to the moon. Without demand, prices will only stale. What matters is that Monero stays alive and fully functional, so that it can be used in times of need. I wouldn't worry about the cost per coin as long as it works as intended. For a serious long-term investment, Bitcoin seems to be the only choice.

I'd be surprised if someday Monero goes all the way to $1k. This would show increased interest into privacy-centric coins as people fear government's surveillance activities. Time will tell us how far Monero will go as crypto/Blockchain tech becomes more popular in the mainstream world. Just my thoughts ;D

PirateCoin was pumped in my surprise 2 months ago. I know it but I don't believe much about that coin. Grin, Beam are better for me. I could be wrong. Correct me if Pirate coin has better technology than Beam or Grin.

I think Monero has a role as same as Ethereum for altcoins and ERC20 tokens. Other privacy coins will rely on Monero leadership. When Monero rises and doubles its price, smaller privacy coins will be on their rocket boosters.

Hard to tell. I do own some but I don't why I do exactly.

The govs may or may not support btc but I am pretty damn sure that they are not going to like monero. Its adoption is quite low right now so it doesn't take much attention but if it does, the gov will do something about it. I know that much.

You're starting to see a few references to Monero in the mainstream news - mainly about these hackers who are exploiting scale scale software and ransoming back encrypted data to a variety of businesses. It seems like it is trapped in a catch-22 situation where it is not being used on a wide enough scale to hide the ill-gotten gains and won't be used until that is possible. When criminals start using it a large scale is when it will have broken that challenge and might start to attract larger scale investors. On the flipside - Bitcoin has been moderately tolerated by governments because it is "less" anonymous than Monero, but anything creating greater difficulty might be subject to bans much more quickly.

Have connections to criminal activities sounds not good but I got your point. Monero is created for all people who want to have private anonymous transactions but it was not created for only criminals. Criminals involve in many things, Bitcoin as well and with Monero, they don't even have to use third party tumblers. Very convenient.

It is another side of a coin, if Bitcoin had not soared to $64k, it would have not been challenged with many fud, policies, regulations since May.

Governments will go against everything that takes away power from them. While Bitcoin is outside the scope of governments and central banks alike, it's completely transparent allowing governments to spy on people with ease. A fully-private cryptocurrency like Monero, will prevent governments from doing such practices. It's why they've been pressuring centralized exchanges to de-list Monero. This has largely affected the cryptocurrency's ability to rise in price. I believe XMR will end up being traded solely across decentralized exchanges and P2P platforms. If you're considering making a lot of money in the long term, then I'd suggest you look elsewhere. I've figured Bitcoin and other transparent cryptocurrencies are better for long-term profits than Monero itself. How long will XMR last will greatly depend on people's support worldwide. Just my opinion :)

People with their bad and careless practice give governments more opportunities to trace their transactions and break their privacy.

You are very right. Regulations, pressure and fear of sudden more regulations prevent Monero to rise more. Even if Monero takes off, it will be pulled back by governments.

I agree too. Bitcoin is the best and the next is Ethereum. Ethereum with its big ecosystem will be a good asset in next few years. Temporarily, it looks to be overvalued as same as how people thought Bitcoin was overvalued in 2017.

In my opinion, Monero coin really guarantees the privacy of users, no one can see the details of our transactions, except ourselves and the parties concerned. But I don't think that Monero is good for long-term investment, because there are still many coins that are better developed than Monero.

As the leader of anonymous digital currency, Monero is my favorite. The result of my long-term holding is that it has returned to my original starting price. The reason why the price of XMR has not taken off is that he still needs to look at the face of Bitcoin. They are in a state of linkage. My hunch is that in the second half of 2021, they will follow the March-April trend and fluctuate and rise. Although the magnitude is not very large, it is a rising trend every day. You can sleep a good dream at night. Frankly speaking, the 7*24 hour rhythm makes people feel tired, so I usually choose to forget her and look for another one.

I think the monero is a privacy altcoin that has very good prospects in the future, this can be seen from the growth that has been experienced the last few months is very stable, and I think if the market will recover then we will see the monero will soar up, if you have funds a then monero is worth recommending,

First of all I don’t think that the price of Monero (XMR) has anything to do with the government and whatever that they are doing. Personally, I don’t think that a lot of people are after privacy coins, a lot of them will prefer to invest their money in bitcoin and wouldn’t put it in all these privacy coins.

But, that doesn’t mean I am trying to say that these coins are not good, because they are very good. These days I hardly hear or see anything about them at all. It’s been a long time I have seen anyone mention ZCash, and I have already forgotten about it until I discovered.

I am not quite of your opinion, but that is why we are here right? If the government forbids certain forms of transactions or economic exchange, to give it a broader name, Monero could definitely come into play. For now it seems to be the best magic money we have to protect our privacy. The public always thinks everyone using Monero has to hide something, but while that is true to some degree, it also neglects the fact that we are all entitled to some private sphere as much as if we were using cash. I wish more people would deal with the topic privacy in more detail.

I think monero will become more valuable in the long run in cryptocurrency market.  There is already a gang up on cryptocurrency.  They want to discredit cryptocurrency by giving maximum exposure to those who are using cryptocurrency to commit crimes, this will only lead to more privacy and anonymity.

One reason why Monero went down (in terms of acceptability and usage) during recent times is due to the closure of several dark markets. On top of that, many of the exchanges have delisted Monero, due to its association with contraband trade. However, in the future I could foresee an uptick, as the authorities around the world are getting more and more hostile in their attitude towards cryptocurrency. Mainstream exchanges are facing more and more harassment, and this is pushing users towards P2P platforms and DEX sites. In such circumstances, XMR may once again witness a surge in demand.

Everyone should remember one thing at this point. Just because a project is old, that doesn't mean that it will go up in the future. Unless the developers could take care of the challenges and issues, the project will never get wide acceptability. And this is what happened with Monero. The project itself was really good in terms of technology and implementation. But the developers failed to take care of various issues on time, and then the liquidity issues made trading extremely difficult. And once a project goes down in the cryptocurrency market, it is really hard to resuscitate it.

yes i agree, infact monero is one of the most trusted altcoin and very reliable project in the market especially when it was new. But it's been long time that it cant even make a good improvement ,unlike before wherein there's a big difference right now in my opinion, for me monero really need more attention in order for it to become visible again in the market.  Because that's why you see it good for long term because the progress is too slow, what i mean, most of us didn't see the fact that its lack of support now , and we just believe that it still can guarantee because of the age and because of being trusted.

Yes. Monero's at a difficult situation right now as exchanges continue to de-list it from their platforms. This will affect the privacy coin's mainstream adoption as we speak. The Blockchain will still be alive, but it'll be much harder to get access to it. Not everyone is tech-savvy enough to use decentralized exchanges or atomic swaps to get Monero. The more centralized exchanges de-list Monero, the lower its price will be. How will Monero survive without them, is beyond me.

At least, the code is open source. If Monero fails, anyone can make a new cryptocurrency from scratch based on the same code to make it regulatory-compliant. Not everyone will agree to this (especially privacy proponents), but it would be the best path to take to ensure the cryptocurrency gets listed on centralized exchanges. I'd be very careful investing large amounts of money into Monero because the risk is too high. Just my thoughts ;D

 Moner is not a good long-term investment nowdays. The price depands on  whales who hold most parts of them . Moreno is probably one of the best privacy coins, but many goverments ban it because the issue of money laundering .The price is affected by the goverments policy.

I don’t know about Monero properly. Because I didn't use it properly. But I noticed its market is much better.  And its price is increasing day by day. Although at one time it had much more value.  However, the price will increase again

You are absolutely right that the government goes against everything that takes away power from them. For example, it is very noticeable in China where the government restricts mining and close different exchanges like Binance, so it is quite possible that Monero will be delisted from exchanges, so people will not be able to use it easily

On the other hand authorities can’t stop smart-contract, so people who really need anonymity will find ways to use it.

Anyone who takes their privacy seriously will still trade with Monero even if all the centralized exchanges de list them, we will see a resurgence of DEX and it might not happen all of a sudden but in due time we will see that happen. If anyone is investing in Monero or any other privacy coins expecting a huge return then you will be disappointed, but the merit of using it is beyond the face valuation.

What is the use if someone forks the coin and make it regulatory complaint, which mean you are giving away the privacy factor so what is the point in that, even then there are ways you can intercept a Monero transaction as it uses Dandelion++ for broadcasting the transactions and anyone can create fake nodes and capture the transaction details before broadcasting but i have not heard about a massive attack on a large scale even though there were many attempts

Monero will continue to face scrutiny from mainstream governments until it's hard enough for people to get access to it. I wouldn't recommend Monero as a serious long-term investment since constant de-listings from crypto exchanges will only do more harm than good to its price relative to Fiat. Only cryptocurrencies with transparent blockchain ledgers (like Bitcoin and Ethereum) will continue to grow in price as governments "legitimize" them over time.

With how everything's been moving, it looks like Monero will only be used by a small minority (mostly tech-savvy people, privacy advocates, and libertarians). While you may not be able to access Monero with Fiat in the future, you can still get some coins through a decentralized exchange or atomic swaps. What matters is that Monero stays decentralized so that it could resist government censorship. As long as the Blockchain is alive and healthy, nothing else matters. Just my opinion :)

Bitcoin was called as a fraud in many years. Even in 2017, JP Morgan called Bitcoin is a fraud. After 4 years of silence and preparation, they give their customers access to crypto funds.

https://twitter.com/DocumentingBTC/status/1418287733752180742
https://pbs.twimg.com/media/E67FDkyWUAMN59s?format=jpg&name=small https://pbs.twimg.com/media/E67FDlYWUAAf7jO?format=jpg&name=small

Monero is the main target of governments to break down its private blockchain. I see that governments will not officially legitimize Monero if they can not break its privacy. What will happen with Monero and response from governments if they break the privacy of its blockchain? After some serious regulations, lawsuits, will they accept Monero?

Yeah... I have heard a lot about Monero. On your question about it being a good longterm investment. I think you know the answer already. If with all you've know so far you aren't still convinced to invest long term, then there is no point doing so. Are there better choices? I would say Monero has its uniqueness and so does other choices you could make. One I recommend is $pCWS, Seascape Network token. Just as Monero, it has its uniqueness which makes an alternative choice worth investing in. You could research on it.

I don't think investing in Monero is going to be a good one. The exchanges will split this coin by order of the regulators and this will negatively affect its price.
The coin has a large community, an excellent development team, but the growth prospects are not great, because if the coin is very expensive,
then users will use other coins from competitors.

I was surprised that Monero did not take off after bitcoin in the last  price rise we had early this year. The pattern usually during the bull market is this: Bitcoin rises, then Monero also rises to it's ATH! Elon musk entrance and shilling of doge might have change the bull market dynamics this time around. I believe monero is in the class of it's own when it comes to privacy coin. When the time is right, Monero market price will reach it's full potential!

What raises the price of coins? A big demand. When people want to buy this token for some reason. Whether it's because of the news, or because of the hype, or because of something else. If the coin that gives you complete privacy is not popular now, it means that people just don't need it. They are used to investing in something that is trendy now, and for the current situation, it is about NFT.

Perhaps too many topics about Elon Musk's power have been injected into you and you think he is god and can change something about the rules in crypto but it's just a rare incident and it can be said to be the last exception, no other special attention has been given to Elon Musk and his other consequences until now. Monero has not received the impetus to change from Elon Musk, the face and external activities as well as the price increase also remain the same, the failure to take off and fly the same flight can only be a delay

People don't care about privacy these days since they have nothing to hide. Convenience/ease-of-use goes on top of everything else in today's society. As long as people don't care about their privacy, anonymous cryptocurrencies like Monero and Grin won't be going anywhere. Expect to see a decline in Monero's price because of governments' pressure towards exchanges to de-list it. After all, taxing XMR becomes a difficult (if not impossible) task to achieve. I'd suggest anyone considering Monero as a serious long term investment to look elsewhere. Just my thoughts ;D

Something is coming in XMR since just today Ive read fluffypony was arrested. I've not really read the news but the headline was crypto crime and to be extradited. .https://decrypt.co/77503/fluffypony-monero-cookies-fraud

For what weve read months ago, SEC hired hackers to crack Monero. Probably failed to crack it, now they do it by crook and will squeese the codes from him. Felt sorry for him.

Actually It can depends on you if you want to hold a Montero or not.. But for me as long as there a big chances to grow its value much better that you hodl of it and wait for the best time.