Monero: A good long-term investment?

[Abiky]

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.

[1714796871]

1714796871

[cryptoaddictchie]

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.

[OcTradism]

Competitors like DASH, Zcash, BEAM, and even Grin don't stand a chance against Monero's ever-growing user base and mainstream demand.

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.

[Bttzed03]

I'm wondering why hasn't Monero taken off yet?

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.

Do you think government regulations have affected Monero's ability to go higher in price?

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.


 

[semobo]

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.

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.

[sulis sudibyo]

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.

[Ozero]

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.

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.

[Silver80]

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

[Little Mouse]

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.

[tsaroz]

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.

[Raflesia]

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.

[RealMalatesta]

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.

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.

[coupable]

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 .

[vv181]

~

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.

[yhiaali3]

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.

[tabas]

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.

[cryptoaddictchie]

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 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.

[RokokGudangGaram]

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.

[Reid]

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.

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.

[maxreish]

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.

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.