Monero: A good long-term investment?

[StanleyBoyle]

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

[Samurai trieng]

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

[TheGreatPython]

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.

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

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

[no-ice-please]

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.

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

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

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

[clarkt]

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

[Sithara007]

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

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

[bryant.coleman]

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

[Ararbermas]

Maybe right now people underestimate Monero because the price doesn't go up, but I'm sure one day it will soar up, because I see this altcoin has the great potential, and is very good for investing in the long term,

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

[Abiky]

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

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

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

[ARTURVH]

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

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

[smartaction]

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

[bitcon]

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

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

[eaLiTy]

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

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

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

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

[Abiky]

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

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

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

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

[OcTradism]

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

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

https://twitter.com/DocumentingBTC/status/1418287733752180742

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

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

[Tegxy]

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.

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

[zasad@]

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

[feelideb]

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

[lumierre]

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.

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

[geegaw]

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

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