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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Abiky on May 09, 2024, 09:14:16 AM



Title: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Abiky on May 09, 2024, 09:14:16 AM
This year has been very hard for Monero as more exchanges decided to de-list the coin from their platforms. I've now read an announcement from LocalMonero that they will be shutting down their operations (a pity, because it was a good P2P exchange). If this keeps up, we won't have a way to buy/sell XMR with crypto or Fiat. Adoption for privacy coins is decreasing each day. We can blame government pressure (especially the US government) for this.

Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: peter0425 on May 09, 2024, 09:26:44 AM
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Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)

Monero has been well loved by many investors. It is definitely one of the most used and valuable coins out there however everything has its limits. With the government breathing down our neck, I know it will only be a matter of time before the government took interest in monero.

I however think it can survive if we are just talking about utilization. There are still some exchanges where monero is listed in especially decentralized ones which can not be really affected by the government as far as I know. But if the government somehow finds a way then we might as well say goodbye now.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: makishart on May 09, 2024, 12:01:31 PM
This year has been very hard for Monero as more exchanges decided to de-list the coin from their platforms. I've now read an announcement from LocalMonero that they will be shutting down their operations (a pity, because it was a good P2P exchange). If this keeps up, we won't have a way to buy/sell XMR with crypto or Fiat. Adoption for privacy coins is decreasing each day. We can blame government pressure (especially the US government) for this.
The privacy coins are gonna lose its users caused by people know that if they are fine even if they are trading by verifying their identity. Almost all of privacy coins have been going to the hell. I remember there were a lot of privacy coins in the previous years. We are only seeing a few that is still exist this time. I remember a coin like veil but almost all of privacy


Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)

https://i.postimg.cc/MHG7FknD/gEgSGE.png

The dialy trade volume has been decreasing so hard. It's possible if it will keep decline till it will leave from the two digits. One digit probably come soon. I have been avoiding to use any privacy coin caused by it has no future. If all of exchange sites were delisting this coin.

How can monero survive if fewer people use it? i meant it's not all of people are feeling convenience with P2p trading, right?

People will be also feeling so damn hard in selling their monero for cash.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: batang_bitcoin on May 09, 2024, 12:19:06 PM
Do you think Monero will be able to survive this?
I think that it will but its move will be limited because of many exchanges and services getting that are delisting it.

Does it still have a future?
I think so but when the regulators are done with it then that's the time that it shall be free to move. Otherwise, the regulators are going to pressed on it until many holders, investors and enthusiasts of it gets discouraged.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Apocollapse on May 09, 2024, 01:01:22 PM
Defines survive in your own opinion.

If you mean survive in terms of the coin i.e. miners keep mine new coins, validate transactions, run full node etc, I believe Monero will survive even US ban the coins. Because Monero is also decentralized, so they can't control the hash rate.

If you mean survive in terms of Monero and fiat exchange, this would be hard...


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: AVE5 on May 09, 2024, 01:40:20 PM
To me the developers the exchange developers are more to be blamed. If research is likely being carried, we could find out that all exchanges are faced with variety of challenges in one way or the other but the developers and the ETFs has been upright to fix their issues.
I'm not an inside so I can't bet to what has been lingering from the south ways of Monero. Yes, there's every possibilities for the project to rise again. There are some coins that goes exiles and rebounces forth again. So if the project could figure its error and have it fixed, of course investors would interest on it would increase in adoption and so much exchange would get them listed as well .


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Husires on May 09, 2024, 05:03:51 PM
Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)
Yes, Monero is among the few currencies that have proven to provide privacy, so it will have demand, and this demand will lead to the creation of more Monero services, or at least the move to dark web links.
Decentralized services are still a good place to use these services, such as bisq.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: avikz on May 09, 2024, 05:36:58 PM
Monero is loved for its privacy. It has a very strong user base and it can be mined using a CPU. So Monero has everything to call it a people's cryptocurrency.

But if the exchanges are de-listing it, then it might become difficult for Monero to survive. Cryptocurrencies can't depend on organic adoption. A way must be provided to convert them in to fiat. If that way is closed then the future of Monero looks very bleak.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: mk4 on May 09, 2024, 05:39:32 PM
Monero will surely 'survive'(not die) but it will be really illiquid as like 99% of exchanges don't support XMR trading. Is this stuff really anything surprising though?

In the end, XMR will still be useful as hell for specific use-cases, but I'm personally not going to be bullish on it price-wise.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: mindrust on May 09, 2024, 05:43:35 PM
Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)

The chain will survive but the mainstream adoption will be gone, which is already nearly non-existent anyway. Some centralized semi-anonymous exchanges like eXch will offer solutions but for how long? Sooner or later they'll get targeted by the feds also. When they reach above a certain amount of activity, they will be the next target... Then another solution will emerge and they'll take it down too. It will be a hide and seek game like they do with torrent trackers.

The other option is bisq (a real decentralized solution) but bisq consumes too much CPU resources and it gets pretty heavy after using it a while. Maybe bisq will benefit from these take downs.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: jrrsparkles on May 09, 2024, 06:12:31 PM
This year has been very hard for Monero as more exchanges decided to de-list the coin from their platforms. I've now read an announcement from LocalMonero that they will be shutting down their operations (a pity, because it was a good P2P exchange). If this keeps up, we won't have a way to buy/sell XMR with crypto or Fiat. Adoption for privacy coins is decreasing each day. We can blame government pressure (especially the US government) for this.

Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)

XMR will continue to exist and with the help of decentralised exchange there might be some volume but it's never going to be same as they supposed to be. We can say we don't need exchanges we can simply move the cryptos back and forth but we can't deny exchange helped with the adoption of crypto currency for sure and without it people may look for alternatives unless they really looking for completely anonymous transactions.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: bluebit25 on May 09, 2024, 07:02:25 PM
(...)Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)

With me, its doesn't have to face a disaster like Terra, FTX,... and in fact, despite legal regulations on privacy coins, they will still have their own market support in a way that cannot be banned be absolute.

For now, there's nothing to fear as people can still easily buy it from a number of different services. I think it's just a way that powerful parties want to impose some areas to control the crypto space, but with the development of this field, perhaps the opposition will only make it more noticeable and there will be a solution accompanying the law.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Reatim on May 09, 2024, 07:16:17 PM
With me, its doesn't have to face a disaster like Terra, FTX,... and in fact, despite legal regulations on privacy coins, they will still have their own market support in a way that cannot be banned be absolute.

Yup! Losing users because your project is a scam/hoax or was just a victim of such is a thing but being banned by the authorities is another. Many people are still going to use it just a lot more discreet now.

If it is still doing perfectly fine then there’s really no reason for everyone else to stop using it.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Coyster on May 09, 2024, 08:13:27 PM
Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)
Of course Monero will survive, it has an actual use case, the only problem now is how intense will the government's crackdown on privacy be, most centralized exchanges have already delisted Monero from their platforms and i am pretty sure the crackdown won't stop there.

The next targets could be NON-KYC instant exchanges that allow trading from Monero to other coins, or vise versa. Decentralized exchanges is also another option, and i do hope there would be an increase in adoption of Monero in these exchanges, now that they are almost off centralized platforms.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: goaldigger on May 09, 2024, 08:34:05 PM
Monero will surely 'survive'(not die) but it will be really illiquid as like 99% of exchanges don't support XMR trading. Is this stuff really anything surprising though?

In the end, XMR will still be useful as hell for specific use-cases, but I'm personally not going to be bullish on it price-wise.
Its value will surely be affected though it's still depend on how XMR team handle the situation.
XMR still serve its purpose and I don't think they will die easily considering their market cap and still many exchanges are accepting it so there's no need to panic for now. Though if the pressure continues and if XMR will be totally delisted on every exchanges, then that could be a big trouble for XMR.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: d5000 on May 09, 2024, 08:52:32 PM
If this keeps up, we won't have a way to buy/sell XMR with crypto or Fiat.
At least about crypto-to-crypto exchanges currently there is no problem as there both swap exchanges in locations without legal restrictions for privacy coins (Exch was already mentioned), but also atomic swap based solutions. Atomic swaps at least can't be stopped because they're completely peer-to-peer and trustless, so they don't need even an escrow.

For fiat-to-Monero solutions there could be Haveno (https://haveno.exchange/) soon, however they're taking quite long and I have read somewhere that some are already describing it as "vapourware". Anyway nobody would stop anybody to fork Bisq and offer direct Monero-to-fiat trades.

Adoption for privacy coins is decreasing each day.
I seriously doubt that. The issue with volume @maskishart posted above exists only because these sites only track the big exchanges. They track neither Exch-style services nor DEXes.

Looking at the long term transaction count chart, it seems that while Monero had some decline in late 2022 to early 2023, it now is growing again. I don't count the big recent spikes which were most likely spam attacks, but the trend is going up slightly but constant since about January 2023 (having almost doubled since then).

https://talkimg.com/images/2024/05/09/rlgzC.png

Source: Bitinfocharts (https://bitinfocharts.com/comparison/monero-transactions.html#alltime)


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: JeromeTash on May 09, 2024, 09:02:00 PM
It will surely survive as longs as decentralized exchanges like bisq support it. With the banning and seizing of so many mixers and privacy focused services. Monero is obviously going to be a perfect option for users who want absolute privacy with their transactions

Most importantly, what is the point of using monero if one is going to use a centralized exchange that even asks for KYC verification?


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: The Cryptovator on May 09, 2024, 09:13:36 PM
I believe Monero will survive very well, even if centralised exchanges delist it. It would reduce trading volume, and prices would drop significantly due to low trading volume, but that doesn't mean they can't survive. Its decentralized cryptocurrency and actually doesn't worth using it through centralized exchanges. It's called a privacy coin, but when you use it on KYC-verified exchanges, it doesn't protect your privacy anymore. So there is no reason why Monero shouldn't survive when exchanges decide to delist. The government won't control decentralised exchange, so it will work there. 


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Abiky on May 10, 2024, 01:58:58 AM
The privacy coins are gonna lose its users caused by people know that if they are fine even if they are trading by verifying their identity. Almost all of privacy coins have been going to the hell. I remember there were a lot of privacy coins in the previous years. We are only seeing a few that is still exist this time. I remember a coin like veil but almost all of privacy

Of course. With recent government crackdowns, more people will abandon privacy coins. I think Monero will be the only one that will stand the test of time due to its large community following. Not to mention, it's the most actively-developed privacy coin in the industry. I see the recent turn of events as a positive thing for XMR. Developers will now be forced to create truly-decentralized solutions for buying/selling Monero, among other things.

With LocalMonero out of the picture, Bisq remains the only DEX where you can get access to XMR. Haveno and Serai are an option, but they're still under development. The developers of these projects need to remain anonymous to avoid getting targeted by the government. As long as they stay that way, nothing will be able to stop people from getting true financial privacy and freedom. Who knows where Monero will be 5-10 years from now? :)


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Bureau on May 10, 2024, 02:14:11 AM
The US government is after everything that is  or was created for privacy. Monero being the most used privacy coin is facing the pressure of the government. Cannot say anything about local Monero exchange but delisting on some of the big CEX will hamper it's market and ultimately affect its valuation in long term.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: GreatArkansas on May 10, 2024, 02:14:39 AM
(....)
Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)
It seems Monero adaption or any other privacy coins is getting slower, there are some effects, which could be because we already have a lot of altcoins these days and the essence of cryptocurrency is being redundant to use privacy coins or there are some platforms deployed on existing networks that you can already achieve privacy.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Abiky on May 10, 2024, 05:38:28 PM
The US government is after everything that is  or was created for privacy. Monero being the most used privacy coin is facing the pressure of the government. Cannot say anything about local Monero exchange but delisting on some of the big CEX will hamper it's market and ultimately affect its valuation in long term.

We all knew what was coming. Now everyone has to face the consequences. Monero could survive if the community continues to support it. All trading needs to be done across truly-decentralized protocols and software to help prevent another government crackdown. With platforms such as Bisq, Haveno, and Serai, what could go wrong? The core Monero developer team needs to remain anonymous for all of this to work.

Without CEXs, XMR will have less exposure to the mainstream world. This means lower market prices in the long run. But at least, Monero will do the job it's supposed to. It's a dark future for the whole crypto/Blockchain industry. So we should be prepared for the worst. :(


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: bitgolden on May 10, 2024, 08:25:22 PM
Not that it relied on exchanges or anything else, it is a privacy currency and having monero on your exchange account that you give your KYC to makes no privacy sense at all. This is why I think it shouldn't really be considered a terrible thing for them, it should feel like what should have happened to begin with. This is why I believe that there aren't all that many different approaches into this and we could probably consider how that could stay the same.

Monero is something that a few people who have a certain request uses, and if you are not a person who requests the same thing (which majority of the market doesn't) then you will not care and if you are one of the few who does request it then you are going to be fine with not sharing your KYC when trading monero anyway.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: wheelz1200 on May 10, 2024, 09:47:21 PM
It's going to be tough for them.  If you can't exchange for it a lot of people will just stay away.  Put that with the fact people only are really buying the hot new thing I can't see monero staying around forever. Slowly the old momero crowd won't have any new blood and will soon wither away like a ton of other old school coins.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: _BlackStar on May 10, 2024, 10:03:06 PM
Regulation continues to influence the acceleration of privacy coin adoption – most recently Monero came into the spotlight due to the closure of LocalMonero due to government oversight. It is clear that the government does not want many people to use privacy for their financial transaction - they even blame extremist and illegal transaction as reason to prevent the development of privacy coin.

In my opinion - Monero will survive regardless of how adopters use it. The impact of this delisting is a decrease in trading volumes and also prices - but I don't believe Monero will collapse just because of the government. Guns should not be blamed for murder cases - nor should Monero be misused by certain vested interests.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Yogee on May 10, 2024, 10:14:06 PM
There will be a group that will still use XMR for sure and they will be the hardcore privacy and anonymity advocates. I agree with others that mainstream adoption is over for this coin.

[...]
Most importantly, what is the point of using monero if one is going to use a centralized exchange that even asks for KYC verification?
This one. But I guess it will be about hopping from Monero to other chains first using real DEX or P2P before sending them to CEX for fiat conversion.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Mate2237 on May 11, 2024, 05:38:33 PM
That is very bad for them to shutdown their operation. Though I have not used their services before but i have heard it time without number and according friends that were using the service, it was nice as they said. But the way Monero has come so far I don't think it will just stop like that because of government pressure and they can only stop  if the participants or the population is not much again. Even though exchanges are delisting it, the p2p can function well and I think Monero is a decentralized cryptocurrency so the p2p should work.

If Monero has finally shutdown then bitcoin is also in trouble because the government pressure on bitcoin is also high and we can see that from all the countries. My country has delisted p2p transaction of cryptocurrency from many exchanges. But we are planning to use the real p2p so Monero will survive and when it over this trying period, then it comes stronger.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Abiky on May 13, 2024, 12:08:35 PM
It's going to be tough for them.  If you can't exchange for it a lot of people will just stay away.  Put that with the fact people only are really buying the hot new thing I can't see monero staying around forever. Slowly the old momero crowd won't have any new blood and will soon wither away like a ton of other old school coins.

I'm afraid so. Without places to buy/sell Monero, who would want to use it? Only a small portion (mainly libertarians, cypherpunks, tech enthusiasts) will support XMR. The rest will carry on as usual with top-tier coins. Expect the battle between privacy coins and mainstream governments to last for a long time.

I can't imagine how low XMR's market price will be in the future. Especially without exposure from VCs, institutional investors, and retail investors alike. Definitely not worth it as a long-term investment. If you're planning to use Monero as a currency, this shouldn't be a problem. Hopefully, developers stay anonymous to help protect XMR against government interference. Maybe Monero will live alongside Bitcoin for generations? :(


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: andyou1234 on May 13, 2024, 04:31:54 PM
In my opinion, even though the price of Monero has fallen too deeply and is currently rarely talked about, I am sure that Monero will rise again and will definitely remain in the crypto market and will rise again to the top 10 CMC, even though this is very difficult. , but considering that monero has a fairly large community and popularity, I am very optimistic that in the future monero will get better,


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: NeuroticFish on May 13, 2024, 04:41:27 PM
Without places to buy/sell Monero, who would want to use it? Only a small portion (mainly libertarians, cypherpunks, tech enthusiasts) will support XMR. The rest will carry on as usual with top-tier coins. Expect the battle between privacy coins and mainstream governments to last for a long time.

While we've already seen that delisting from big exchanges does affect Monero's price, I still hope you're wrong. Monero does deserve more attention. The rather silent war against it proves this point big time. Monero is even more pro-liberties than Bitcoin. But yeah, sadly going for beliefs rather than profits is a small niche.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Tipstar on May 13, 2024, 09:57:27 PM
It's sad to see Monero being forced to die. Many of the popular exchanges have delisted Monero, that is the reason why there's a sharp decrease in trading volume. Although Monero is more popular being traded in shady and underground exchanges, yet they don't have large volume and whatever volume it may be, it is not counted by aggregators like Coinmarketcap. Monero is currently 45th by marketcap and as they fade from sight, people would start forgetting it. It might survive on the dark web but won't increase much in value as the demand would be low.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: FinneysTrueVision on May 13, 2024, 11:31:10 PM
Even for Bitcoin, which is the most popular cryptocurrency, it can be hard for some people to acquire, especially if you’re not willing to do KYC or you live in a country with strict regulation, and adoption is still not that significant. I think Monero will be fine, just like Bitcoin has been fine through periods of adversity, you just might have to deal with some inconvenience and will have to live with bearish market performance.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Hispo on May 13, 2024, 11:52:59 PM
Monero will obviously continue to function, as it's Blockchain is decentralized by design, people will continue to mine and transactions will continue to flow, but with a very low volume than before.
The price will be negatively impacted, I think as it becomes a less liquid asset, though there could be some solution in the horizon if some developers started to work on an application for people to exchange in a P2P manner and make that application free software, there have had some of those for Bitcoin and their popularity has varied, though, it could become a central way for people interested in buying Monero to reach their goal into privacy. However, I am not sure how one could solve the problem of less businesses and people accepting it in exchange for their goods and services on the internet, the stigma which is being purposefully created against Monero will make merchants not to have anything to do with this project.
The community of Monero is passionate enough for them to think and come up with a solution to this lack of liquidity, this as expected to happen on exchanges, so let us see what the response is going to be.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: d5000 on May 14, 2024, 12:12:04 AM
I can't imagine how low XMR's market price will be in the future. Especially without exposure from VCs, institutional investors, and retail investors alike.
Well, in the last month XMR made actually a quite good ROI, in a period where most coins were stagnant (like BTC) or even lost (like ETH). The orange line is the price in BTC which shows the "relative price" in comparison to the whole crypto market:

https://talkimg.com/images/2024/05/14/1m8xa.png
Source: Coingecko (https://www.coingecko.com/en/coins/monero)

I don't see it going down further, at least not with the excuse of exchanges delisting. I believe this was already priced in when Binance delisted it and the price fell close to $100 for a short time.

Before the Binance delisting, XMR's price in BTC was BTC0.0037 approximately. The lowest price in March was BTC0.0017. Now it's at BTC0.0021, despite several waves of bad news. I don't know if XMR will see 0.0037 again, but a price close to 0.003 seems possible, and that would mean the former price level in USD (160-170$).

And I agree with Hispo, XMR community is very strong. It could even be worth to observe its evolution for Bitcoiners afraid of further attacks against privacy, to know how a coin can be made resilient against these attacks. That doesn't mean that Bitcoin needs to incorporate things like ring signatures, which would be very difficult (and need a hard fork probably). What I mean is learn from XMR's decentralized service ecosystem.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: adaseb on May 14, 2024, 04:41:40 AM
I don’t think it will ever reach that $500 high it did in 2017. And like you said, all these exchanges are affecting its performance because it’s one of the only coins which has done poorly while BTC reached new highs.

With all the regulations going on, I am not surprised. The more exchanges that delist then it doesn’t look good for it’s future. On the charts it looks like it might retest the $100 area and hopefully it holds when it reaches that area.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: CoinMin3r on May 14, 2024, 08:00:21 AM

I don't see it going down further, at least not with the excuse of exchanges delisting. I believe this was already priced in when Binance delisted it and the price fell close to $100 for a short time.

Before the Binance delisting, XMR's price in BTC was BTC0.0037 approximately. The lowest price in March was BTC0.0017. Now it's at BTC0.0021, despite several waves of bad news. I don't know if XMR will see 0.0037 again, but a price close to 0.003 seems possible, and that would mean the former price level in USD (160-170$).

And I agree with Hispo, XMR community is very strong. It could even be worth to observe its evolution for Bitcoiners afraid of further attacks against privacy, to know how a coin can be made resilient against these attacks. That doesn't mean that Bitcoin needs to incorporate things like ring signatures, which would be very difficult (and need a hard fork probably). What I mean is learn from XMR's decentralized service ecosystem.
Delisting is affecting XMR in terms of price for sure. Before it got delisted from bittrex, XMR's price in BTC was around 0.007 too. Main thing is it hadn't collapsed completely like other alts after such incidents showing there are strong community behind it supporting privacy. Now the question is, Is it enough for XMR to come back again strongly?


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: DeathAngel on May 14, 2024, 10:44:46 AM
I think people who are absolutely desperate for anonymity will continue to use it. It just depends if because of low user numbers due to regulatory pressures, will it eventually become worthless? I don’t know the answer to that, the market will decide though.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: bettercrypto on May 14, 2024, 11:09:54 AM
This year has been very hard for Monero as more exchanges decided to de-list the coin from their platforms. I've now read an announcement from LocalMonero that they will be shutting down their operations (a pity, because it was a good P2P exchange). If this keeps up, we won't have a way to buy/sell XMR with crypto or Fiat. Adoption for privacy coins is decreasing each day. We can blame government pressure (especially the US government) for this.

Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)

This monero was already here when I started; it was one of the pioneers in this industry, and it cannot be denied that the community it has established in this field is also large. I even experienced being able to mine it in Minergate.

After a few years, I don't seem to have heard much development in Monero; all I know is that I heard that the US government is harassing it. As far as I know, I hope Monero can survive for a long time.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: moneystery on May 14, 2024, 11:32:30 AM
this does not rule out the possibility that monero will be delisted on many exchanges if its users decrease in the future.  this in itself is due to the impact of monero's features being irrelevant for most users today, since what they offer is privacy coins and most users trade them on exchanges that use kyc, so it is no longer relevant to them.  and also sooner or later monero will also be targeted by the government, it makes people increasingly see that monero is no longer attractive for them to invest in.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Abiky on May 14, 2024, 09:30:48 PM
Monero will obviously continue to function, as it's Blockchain is decentralized by design, people will continue to mine and transactions will continue to flow, but with a very low volume than before.
The price will be negatively impacted, I think as it becomes a less liquid asset, though there could be some solution in the horizon if some developers started to work on an application for people to exchange in a P2P manner and make that application free software, there have had some of those for Bitcoin and their popularity has varied, though, it could become a central way for people interested in buying Monero to reach their goal into privacy. However, I am not sure how one could solve the problem of less businesses and people accepting it in exchange for their goods and services on the internet, the stigma which is being purposefully created against Monero will make merchants not to have anything to do with this project.
The community of Monero is passionate enough for them to think and come up with a solution to this lack of liquidity, this as expected to happen on exchanges, so let us see what the response is going to be.

Of course it will continue to function. Only if nodes and miners are still supporting the network. The only thing is that market prices would be so low due to decreased demand/mainstream adoption. You'd only use Monero as a currency than a long-term investment. With how things have been going on for XMR, I think it will end up being traded solely on DEXs and P2P trading platforms. CEXs would be out of the picture. This is good because it will make Monero more decentralized. Perhaps even more decentralized than Bitcoin itself.

Hopefully, the Monero project gets enough funding to sustain itself for generations. As long as it remains actively-developed and maintained by the community, there should be nothing to worry about.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: d5000 on May 14, 2024, 10:16:03 PM
Delisting is affecting XMR in terms of price for sure. Before it got delisted from bittrex, XMR's price in BTC was around 0.007 too.
It was actually at 0.03x in 2018, and still 0.009 in early 2023. But there may be other reasons for the bearish macro view: in the past, Monero almost always performed bad in the early stages of Bitcoin bull markets, like other altcoins did too. And old altcoins often see challenges to stay relevant, many first-time alts like NMC, PPC, FTC or YAC actually did much worse than XMR. In my opinion this may also be a main reason for the decline in BTC from 0.009 to 0.003x, i.e. previous to the Binance delisting.

Of course the Bittrex delisting may have contributed, but Bittrex is a relatively minor exchange. The Bittrex delisting was in January 2021. The price had already lowered in late 2020 (probably due to the early Bitcoin bull market effect, like I wrote before), and took a further hit, but then it recovered and reached 0.007 again in May 2021.

Now the question is, Is it enough for XMR to come back again strongly?
I believe the recovery will continue but slowly, becuause the "big pumps" (which originate usually on big exchanges like Binance) will be missing. There will be perhaps some more delistings in the future. But as the delisting in several european countries by Kraken had actually no effect at all I also don't see that future delistings should hit the price again like the Binance delisting did. XMR community is already very focused on decentralized exchanges, combined with services in crypto-friendly jurisdictions.

I also think that there will be a slow trickle-in effect into Monero: New crypto users start usually speculating with Bitcoin or memecoins at big traditional exchanges. Then they slowly discover the "not your keys, not your coins" principle and often fall further down the privacy/decentralization rabbit hole, until they discover decentralized privacy coins like Monero. Of course that's not true for all crypto users, but even if only 1% does this, this should make the potential public for Monero much, much bigger.

In several countries there are big, strong cash-supporting groups who are deeply sceptic about KYC-based electronic payments, and these are also a potential target public for XMR. XMR is still the biggest privacy coin, and other privacy coins like Dash, ARRR or Grin weren't able to challenge it, so it's the first choice those people will stumble upon.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: lalabotax on May 14, 2024, 10:24:11 PM
Do you think Monero will be able to survive this? Does it still have a future? As for LocalMonero, what other options are available for P2P trading? Your input would be greatly appreciated. Thanks in advance. :)
I don't know, even to find Monero (XMR) on coinmarketcap, I can't just scroll, but have to type in the search field so I can find it more easily and quickly. even though in the past XMR was in the top tier of CPINs which was quite promising. But as time goes by, privacy coins are no longer that interesting and may even start to be abandoned.

So it will be quite difficult for them to develop. If you survive, maybe you can still survive, but you still won't be as good as your previous position. I don't even know if this will last any longer or not. because day by day, Monero's position is no better. and they also failed quite badly to reach ATH. Actually, it's not just Monero but there are several other top coins that used to be a dream and now they really can't do anything anymore because they have been eroded by the presence of new altcoins that are more potent and profitable.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: DiMarxist on May 14, 2024, 10:30:00 PM
The US government is after everything that is  or was created for privacy. Monero being the most used privacy coin is facing the pressure of the government. Cannot say anything about local Monero exchange but delisting on some of the big CEX will hamper it's market and ultimately affect its valuation in long term.
Yes they are and just as the thread I created few minutes to ago. https://bitcointalk.org/index.php?topic=5496457.msg64076864#msg64076864 the government is after anything called privacy in thr cryptocurrency world. And that is why I asked the question over there " if digital Currencies" are affecting the businesses of the economy of the world because I am not noticing that it affects. Instead what government can't do for the world youths but cryptocurrency ecosystem s doing by providing employment for them to satisfy their needs.
US government is after Centralized Exchanges and Private crypto projects.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: redsun114 on May 15, 2024, 06:40:32 PM
This de-list things are not new for Monero anymore, so I don't think the recent de-listing is going to be heavy for them to accept. Maybe it is only heavy if you are a regular customer of that exchange. This de-listings can surely keep up the more the cryptos became popular but I think not up to the point that there will be no more exchanges left.

The only moment it will happen is if there are no more cryptos but I don't think that is possible either. So, don't you worry now OP. Given earlier that cryptos are only growing in popularity, therefore the adoption is only actually increasing (not decreasing) and with what I've said earlier, Monero can surely survive this and I still believe that the future of it is still going to be bright.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: yazher on May 15, 2024, 08:42:49 PM
If this continues almost every year then we won't even hear about them anymore, man! I wish we still have the best era in the crypto industry where we don't have to worry about these things. Because of how the government pressure, all the opportunities to keep our transactions hidden are now becoming impossible and there will come a time when we won't ever have such kinds of coins because after de-listing them from centralized exchanges, the next thing is banning them completely from the crypto industry just like the mixers.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Abiky on May 17, 2024, 11:17:03 AM
This de-list things are not new for Monero anymore, so I don't think the recent de-listing is going to be heavy for them to accept. Maybe it is only heavy if you are a regular customer of that exchange. This de-listings can surely keep up the more the cryptos became popular but I think not up to the point that there will be no more exchanges left.

The only moment it will happen is if there are no more cryptos but I don't think that is possible either. So, don't you worry now OP. Given earlier that cryptos are only growing in popularity, therefore the adoption is only actually increasing (not decreasing) and with what I've said earlier, Monero can surely survive this and I still believe that the future of it is still going to be bright.

I hope so. If Monero survives, then decentralization has triumphed once and for all. Everything will depend on how developers (and the rest of the community) are willing to resist the government. There will be pressure from all sides, particularly banksters and regulators. Another P2P exchange went down the drain. But that doesn't mean it's the end of the world. This will only make XMR bigger and stronger than ever.

With "Wall Street" buying all of the BTC, maybe it's time to move to Monero? We can't predict the future. So we can only hope for the best.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: NeuroticFish on May 26, 2024, 12:35:34 PM
With "Wall Street" buying all of the BTC, maybe it's time to move to Monero? We can't predict the future. So we can only hope for the best.

Many of them are still scared even by Bitcoin. The crypto-is-for-criminals narrative was more catchy than I would have expected.
With Bitcoin is simple: greed beats fear. With Monero, I fear it'll take quite some time, especially as it never seemed really focused on big rewards for investors.

Imho Monero's chance/choice is to be noticed by somebody important (like Dogecoin was noticed by Elon) as the proper currency for daily expenses.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: d5000 on June 14, 2024, 10:39:39 PM
I bump this thread because Monero's price evolution in the last weeks has been like ... a strong answer to the question asked in the OP, and a big middle finger to the regulators and angsty exchanges:

https://talkimg.com/images/2024/06/14/cil7q.png

Monero was one of the best performing coins in the past month and now again in the top-40 on Coingecko (#36). The $180 which were reached a couple of days ago are the highest price since January 2023. The decrease to $168-170 is mainly caused by the weak Bitcoin price evolution this week (8-10% decrease from the short 72k local peak). The orange line is the price in BTC showing this phenomenon. In BTC the price is still relatively low.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Abiky on June 17, 2024, 11:57:10 AM
Many of them are still scared even by Bitcoin. The crypto-is-for-criminals narrative was more catchy than I would have expected.
With Bitcoin is simple: greed beats fear. With Monero, I fear it'll take quite some time, especially as it never seemed really focused on big rewards for investors.

Imho Monero's chance/choice is to be noticed by somebody important (like Dogecoin was noticed by Elon) as the proper currency for daily expenses.

I doubt a celebrity or influential person will endorse Monero. Especially when it's labeled as a "coin for criminals" by mainstream governments. Would anyone want their reputation tainted by supporting a controversial cryptocurrency? I think not. I'm afraid Monero will remain a niche to those who truly care about privacy. It won't be able to reach higher market prices in the long term, but at least it will remain useful.

All trading activities will be performed on decentralized exchanges, P2P exchanges, and in-person (F2F). Merchant adoption will continue to decline out of fear from government prosecution. It'll be a dark future for Monero and the crypto industry as a whole. With "Wall Street" in the game, we should expect regulations to become stricter in the long run. Nobody cares as long as they're able to make a profit, right? :(


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: mindrust on June 17, 2024, 02:58:54 PM
Monero doesn’t need any endorsement from anyone just like bitcoin. As long as the xmr network is up and running, the rest is only noise. Price-wise monero can go to $1 and it will still work flawlessly and that’s all that matters.

$1=xmr would suck for the investors without a doubt but nobody told you to go all in in these highly speculative investments. Have a diversified portfolio and it will be fine no matter what happens in the future.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Abiky on June 18, 2024, 07:34:24 PM
Monero doesn’t need any endorsement from anyone just like bitcoin. As long as the xmr network is up and running, the rest is only noise. Price-wise monero can go to $1 and it will still work flawlessly and that’s all that matters.

$1=xmr would suck for the investors without a doubt but nobody told you to go all in in these highly speculative investments. Have a diversified portfolio and it will be fine no matter what happens in the future.

If XMR falls all the way to $1, I doubt people will continue to use it (except for true believers of the coin). Especially when the general public considers crypto to be investment assets (not real currencies). With limited merchant adoption, Monero will be doomed in the long run. The tech is good, but without mainstream adoption, how will the coin survive? That's an excellent question.

There are powerful forces who don't want truly-decentralized cryptocurrencies to succeed. If everyone was using Monero, governments would have less control/power by now. Hopefully, the XMR chain remains alive in the future.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: d5000 on June 18, 2024, 08:49:56 PM
I doubt a celebrity or influential person will endorse Monero. Especially when it's labeled as a "coin for criminals" by mainstream governments. Would anyone want their reputation tainted by supporting a controversial cryptocurrency?
Why not? There are several celebrities with a rebellious image. Take (punk) rock stars, gangsta rappers, certain actors, "business punks" ... Their image actually could benefit from endorsing Monero.

There also could be celebrities for example supporting opposition activity in dictatorships like Russia, and those people could explain the public why Monero is good for these activities as they make it more unlikely to be detected and prosecuted by their respective authorities.

Perhaps the XMR community should reach out to this kind of personalities ;D

Merchant adoption will continue to decline out of fear from government prosecution.
As long as there is no ban on Monero, there is no reason for a merchant to cease XMR support due to "fear from government prosecution".

If XMR merchant adoption is currently decreasing (I don't know numbers that could confirm that), then it's probably related by their favourite crypto exchange having delisted Monero. This is of course a real danger. So it depends on the Monero community if their decentralized exchange tools, like Haveno, grow to maturity fast enough to replace the centralized options.

About Monero at $1: I see no reason why it should not be used as currency in this hypothetical case (as I wrote before, XMR is currently a well performing crypto, so this is "very" hypothetical ;) ). However, a fall to $1 should have a reason, and it is likely that a dramatic loss of adoption should have occurred before this mega-crash happened (99.4% compared to current price).


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: Argoo on June 19, 2024, 06:27:34 AM
Monero doesn’t need any endorsement from anyone just like bitcoin. As long as the xmr network is up and running, the rest is only noise. Price-wise monero can go to $1 and it will still work flawlessly and that’s all that matters.

$1=xmr would suck for the investors without a doubt but nobody told you to go all in in these highly speculative investments. Have a diversified portfolio and it will be fine no matter what happens in the future.
Do not forget that states, especially if they unite and make a common decision, can greatly influence the cryptocurrency market. Monero is the leader in the field of anonymous and confidential cryptocurrencies, and states are very negative about them. I believe that over time, states will only increase pressure on coins with a high level of anonymity, until they are completely banned or go into the shadows. Although there will always be a certain demand for such coins in society, I do not recommend getting carried away with them.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: CK485 on June 19, 2024, 10:21:12 AM
Monero doesn’t need any endorsement from anyone just like bitcoin. As long as the xmr network is up and running, the rest is only noise. Price-wise monero can go to $1 and it will still work flawlessly and that’s all that matters.

$1=xmr would suck for the investors without a doubt but nobody told you to go all in in these highly speculative investments. Have a diversified portfolio and it will be fine no matter what happens in the future.

It seems that when making a decision you need to look at developments first to overcome all of this, in this case Monero uses technology to increase privacy with anonymous transactions, and cannot be tracked, however, the improvement period will continue as time goes by, if XMR goes down I think many people will reconsider it. although it is a choice for those who and it depends on each individual's thoughts.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: el kaka22 on June 19, 2024, 06:28:32 PM
If you look at the charts, it is higher right now than it was during the delisting, Binance delisted it when it was 115 or so, and right now it is closer to 160 to 170, which means that it is doing better compared to that time. Does that mean it would be a great investment to make? I personally do not think so, I believe that it only recovered because of the market and will do badly later on, but that is just my idea.

I believe that because it is privacy focused, governments all around the world will ban it, and every exchange will be forced to delist it, and eventually it will reach to a point where you would have to use p2p or terrible shady exchanges. This is why I do not see a bright future for Monero at all and would not invest.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: d5000 on June 19, 2024, 06:51:09 PM
I believe that it only recovered because of the market and will do badly later on, but that is just my idea.
As you can see in the picture I posted above (https://bitcointalk.org/index.php?topic=5495852.msg64214122#msg64214122), the recovery is also driven by the XMR/BTC price. XMR has performed well in a context where almost all other altcoins were stagnant or even bearish. Only Bitcoin and ETH managed to hold their price approximately, but XMR performed even better than them.

It is possible that the current price is a local high, of course. But I believe there are reasons to believe that there is genuine demand for Monero and thus the recovery can continue.

I believe that because it is privacy focused, governments all around the world will ban it, and every exchange will be forced to delist it, and eventually it will reach to a point where you would have to use p2p or terrible shady exchanges. This is why I do not see a bright future for Monero at all and would not invest.
Monero may be already now trading mainly via P2P and exchanges in privacy-friendly jurisdictions. I'm not as pessimistic as you regarding bans. It's not easy to outright ban a cryptocurrency in a democracy (the UAE is another story as it's an almost-absolutist monarchy). Trading "bans" on registered exchanges are easier but even there I believe the last word is not spoken, even if currently for example the proposed AML directive update 8 for the EU doesn't look good. Monero proponents should be much bolder promoting XMR as a means to finance opposition activity in autoritharian countries like Russia, and this could also find open ears in "Western" governments that a completely fungible and censorship resistant "digital cash" is not a bad idea.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: devil-soul on June 20, 2024, 07:40:56 PM
Monero is an altcoin much loved by a large number of investors and by those who care a lot about their privacy, i believe that it will survive the delisting from the main CEXs very well, its exchange volume will grow on the various DEXs


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: MeGold666 on June 20, 2024, 08:13:00 PM
Now that we have a working DEX I hope Monero gets delisted from all CEX, ASAP.

Government and their "regulators" have lost this war, miserably.  :D


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: terrific on June 20, 2024, 09:12:35 PM
It still has a future, we all like privacy and that's why monero is the top notch of it.
Even with delistings from the centralized exchanges, there will be community driven exchanges that will be made just for monero to get ahead and have more uses.
Government doesn't really like its features and that's why they're taking it down.


Title: Re: Can Monero survive exchange de-listings and low merchant adoption?
Post by: JeromeTash on June 20, 2024, 09:51:30 PM
I bump this thread because Monero's price evolution in the last weeks has been like ... a strong answer to the question asked in the OP, and a big middle finger to the regulators and angsty exchanges:
There is a huge privacy gap in the crypto world that has been created with the seizure or closure of popular Bitcoin mixers and some No KYC p2p exchanges, as I pointed out earlier on. Most of the users are going to move to privacy leaning coins like Monero. Monero being the oldest and biggest will get a lion share of the users.

Someone said that even if Monero reached $1… Hold up, Like, how is it even going to reach $1? This is no TerraLuna or FTX token  ;D