Monero: A good long-term investment?

[tyz]

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.

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

[Jackl87]

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.

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.

[kryptqnick]

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.

[UKprod]

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.

[Bitstar_coin]

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.

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.

[ipanks]

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,

[trauchot]

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.

[(o)(o)ilikeboobs(o)(o)]

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.

[apa don]

Moreno is one of the best privacy coins, because it has a high level of security, besides that Monero's growth is increasing, of course this altcoin is very good for long-term investment, because it has very good prospects and potential in the future,

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.

[SquallLeonhart]

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,

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.

[no-ice-please]

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.

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.

[Ziskinberg]

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 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.

[Abiky]

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.

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

[OcTradism]

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

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.

[mindrust]

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.

[Fortify]

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.

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.

[OcTradism]

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.

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.

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.

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.

[Abiky]

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.

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

[OcTradism]

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.

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

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.

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.

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.

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.

[tersek]

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.