Why is Monero so unpopular?

[eaLiTy]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

In how many exchanges have you seen Monero listed, the reason is that the government does not like people having their privacy and they will be forcing all the centralized exchanges to delist privacy centric coins, if not they wont be able to conduct their business as usual. If you really think that Monero should be the main coin, you should use them irrespective of the price or where they are listed.

[AmoreJaz]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

In how many exchanges have you seen Monero listed, the reason is that the government does not like people having their privacy and they will be forcing all the centralized exchanges to delist privacy centric coins, if not they wont be able to conduct their business as usual. If you really think that Monero should be the main coin, you should use them irrespective of the price or where they are listed.

monero is not very popular to traders because of its availability in trading platforms. but of course, those who are cautious with their privacy are going to this alt. this coin can't be the main coin overpowering bitcoin. just look at how many governments are cracking down coins like xmr. and besides, not many crypto users are oriented to use this privacy coin. they will most likely go to the top coin, which is bitcoin.

[dansus021]

Bitcoin would be the main coin at least for now but I do believe that no one is going to move bitcoin and change the crown.

Monero is highly popular to this date because its privacy for its user and for miner its cpu friendly but there is a catch Usually centralized exchange wont host Monero because its "privacy" usually it happen with centralized exchange that complies with the regulator.

[justdimin]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

People didn't really care with privacy these days. The reality is that hundreds of millions of people used a centralized exchange site that required verification and it can be hard to accept. Monero was very effective when it comes to the P2P transaction.
It's actually a useless coin when you were trading it on centralized exchange site as your identity known by the exchange site. The privacy coin is not popular anymore. People prefer to get utility instead of privacy coin.
Privacy is not necessary and it depends on yourself. Using an exchange site is easier to withdraw or deposit money to crypto than using p2p, even if you value privacy coin.
So many privacy coins are dead now. Government is also the main reason people are willing to use centralized exchange site. They can be sued money laundering purpose.

THIS! This is such an important thing that people do not realize enough, it's very important to make sure that we are seeing something that would be much better and people could do a bit more interest to it. There is no logic that people would want to give their KYC to exchanges but then hide their money at monero, it's obvious that we do not care about it anymore and we will probably keep on not trusting it neither.

Just go on about your day like nothing happened if you trust that monero is good, just keep buying it, but things changed and we are not caring about it all that much. We willingly give our information to places in order to start using them, if we are that much sure about it then why would we want to change anything.

[uchegod-21]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

In how many exchanges have you seen Monero listed, the reason is that the government does not like people having their privacy and they will be forcing all the centralized exchanges to delist privacy centric coins, if not they wont be able to conduct their business as usual. If you really think that Monero should be the main coin, you should use them irrespective of the price or where they are listed.

monero is not very popular to traders because of its availability in trading platforms. but of course, those who are cautious with their privacy are going to this alt. this coin can't be the main coin overpowering bitcoin. just look at how many governments are cracking down coins like xmr. and besides, not many crypto users are oriented to use this privacy coin. they will most likely go to the top coin, which is bitcoin.

Exchanges are afraid of listing monero in their platforms because of different regulations that are hunting them. Monero is easily delisted on exchanges and it affects the coin and exchanges listing it.
But according to AmoreJaz, not everyone is privacy oriented in this industry. Those who has need for privacy are going for monero coin. Talking about dominance or popularity, bitcoin cannot be overtaken as it is the only truly decentralized coin.

[Abiky]

Bitcoin would be the main coin at least for now but I do believe that no one is going to move bitcoin and change the crown.

Monero is highly popular to this date because its privacy for its user and for miner its cpu friendly but there is a catch Usually centralized exchange wont host Monero because its "privacy" usually it happen with centralized exchange that complies with the regulator.

Who said anything about Monero displacing Bitcoin as the top crypto in market cap? We're talking about Monero becoming an extremely-popular coin like it's the case with Ethereum and XRP these days. I don't see this happening anytime soon because of so much hatred against privacy coins. Especially by mainstream governments who don't want people getting financial privacy and freedom. If it can't be tracked or traced, then consider it an "Enemy of the State".

You can see why most exchanges have de-listed Monero from their platforms. Even some have gone as far as de-listing Litecoin after it added the "Mimblewimble" privacy technique. It's this reason why Monero will remain "under the radar" for as long as it lives. With ever-increasing regulations, it's likely Monero will end up being traded only on DEXs and P2P trading platforms. I think this is for the best. Who knows if this will strengthen Monero's decentralization in the long run? Just my thoughts

[lalabotax]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

It's like one could say that the era seems to have come to an end. In the past, privacy coins were one of the favorites of most people, and Monero was the most popular privacy coin. However, as various crypto projects develop, the era seems to have been eroded. Now many people seem to forget the coin. Only people who understand the attractiveness of this privacy coin still hold Monero, one of which is an investment asset. What's more, the coin has experienced a drastic drop in rank so that newcomers in the crypto world may also not be familiar with the good concept of the coin. Moreover, people nowadays are somehow more interested in things that are just hype, apart from Bitcoin, of course.

[dansus021]

Who said anything about Monero displacing Bitcoin as the top crypto in market cap? We're talking about Monero becoming an extremely-popular coin like it's the case with Ethereum and XRP these days. I don't see this happening anytime soon because of so much hatred against privacy coins. Especially by mainstream governments who don't want people getting financial privacy and freedom. If it can't be tracked or traced, then consider it an "Enemy of the State".

You can see why most exchanges have de-listed Monero from their platforms. Even some have gone as far as de-listing Litecoin after it added the "Mimblewimble" privacy technique. It's this reason why Monero will remain "under the radar" for as long as it lives. With ever-increasing regulations, it's likely Monero will end up being traded only on DEXs and P2P trading platforms. I think this is for the best. Who knows if this will strengthen Monero's decentralization in the long run? Just my thoughts

oh sorry it is because the op and first post said about monero and bitcoin

and yes privacy focused like monero or zcash will be delisted as long the centralized exchange complies with government

in fact, CeX can freeze our money if some money comes from mixing services like tornado cash  maybe coin like this would still tradable on p2p or cex with no regulation

[crwth]

Being one of the first doesn't translate to already being mainstream. Personally, it's quite hard to use Monero with all the necessary steps that you need to take for it to be a really private transaction. A lot of people probably doesn't need the hassle to transact like that and there are some coins that may be better, depending on who you are talking to, but that's the reality.

[Xal0lex]

Monero has its niche in the market and has its utility, why should it be overly popular? It is just about the only old pow coin that is still trusted by privacy enthusiasts. Such projects don't need excessive attention from regulators and adoption, as it will ruin the coin, it will start to be banned even more, they will try to regulate it and things like that. Don't expect Monero to be as fast as DOGE.

That's certainly true, mate. It's best for Monero to remain "under the radar". Else, it would bring unwanted attention. Governments don't like privacy coins, so expect further opposition against Monero in the long run. With how things are turning out to be for the cryptocurrency, it's likely XMR will only be traded at DEXs in the future. Every new project we see these days is focused on smart contracts, scalability, and user-friendliness. Privacy/anonymity doesn't come to the minds of developers like it used to back in the early days. A pity because this will make crypto more centralized and transparent under the eyes of mainstream governments and third-parties alike.

At least, Monero is still the #1 privacy coin in the world. Whereas Zcash, Grin, and BEAM are lacking behind, Monero keeps bringing innovation and continuity to the privacy-oriented crypto space. Who knows if Monero is the only privacy coin left in the future? Just my thoughts

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

[Knight Hider]

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

If that means Monero's value is based more on what's using it, and less on speculation, that's incredible!

--Knight Hider

[Xal0lex]

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

If that means Monero's value is based more on what using it, and less on speculation, that's incredible!

--Knight Hider

Monero is one of the few altcoins that combines value and utility. In today's world, altcoins are divided into 2 types:

• those that grow in value but are useless;
• those that have utility, but no one is interested and such coins are unpopular.
  

Monero combines both of these factors. It is exactly what an altcoin should be.  Most altcoins, alas, have no utility, only speculation.

[doomloop]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Monero is genius, it does everything you require from a privacy coin. Unfortunately its strengths have led to its downfall in the hopes of becoming a main coin. Governments hate it & regulators have threatened exchanges with operating bans in their jurisdictions if they list XMR. That has meant exchanges have delisted XMR & that’s the reason why the price isn’t as high as it should be.

It’s a great coin for anonymity but it will never be a main coin sadly.

It's because it's a privacy coin, so what do you expect? But is it true that Monero is hoping to be a main coin? But good for it that it didn't succeed because for us, Bitcoin is still the best even though it isn't fully private and besides there are still a Bitcoin mixer now that can make it more anonymous. But like Monero, governments also hate mixers so they are also hunting them down one by one.

Monero is lucky that some exchange still lists it and it still have some value left @OP, you are wrong. Monero is actually a popular crypto even up to now. It's one of the oldest and the best before but like what @deathangel said here, the coin is slowly deteriorating.

[Franctoshi]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

When you talk about a privacy coin then monero comes into play, Even with the problem it has come to solve so far, yet not as popular as some coins that existed same time as monero. The bottom line here is that what helps a coin to become popular is not only based on its use case or problem-solving but also includes the team and the community behind that project.

[suzanne5223]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

I don't understand what you mean by Monero being the main coin because there's no crypto currency that have the potential to dethrone Bitcoin. 
Having said that,  Monero is not the only potential altcoin that's not popular,  we also have CRP and UUSD which are doing well in terms of privacy service but in my research I later understand that only few crypto enthusiasts pay much attention to privacy coin market until they have privacy issue. 

[FinneysTrueVision]

Aside from the legal concerns from centralized exchanges, another reason why it isn't more popular is because it's decentralized and was built in a time before ICO's and ERC-20 tokens were getting all the hype. It was created for a purpose that isn't all that useful for pump and dump scams. All the marketing and VC money is with blockchains like ethereum and BSC because they are more attractive to people looking to make a quick buck.

[Yamifoud]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

I don't understand what you mean by Monero being the main coin because there's no crypto currency that have the potential to dethrone Bitcoin.  
Having said that,  Monero is not the only potential altcoin that's not popular,  we also have CRP and UUSD which are doing well in terms of privacy service but in my research I later understand that only few crypto enthusiasts pay much attention to privacy coin market until they have privacy issue.  

Another reason is that people don't really look for privacy instead, they are looking to which coin would give them profit, and Monero, sadly not pass their interest. But aside from that, we can say that Monero is not really convincing look to the community because though it has a use case, this won't be enough to attract investors and users as they still choose where they can earn more even though it will compromise their privacy.

[catdaunt82h]

Regulatory bodies are aware that cryptocurrencies with built-in privacy technologies are difficult to trace. Consequently, limitations are imposed to discourage the wider adoption of such cryptocurrencies, like Monero.

Moreover, cryptocurrencies are designed for specific purposes. Those who value versatility and innovation tend to prefer smart-contract-focused cryptocurrencies. It's evident that some individuals conscientiously prioritize their privacy, making Monero a suitable choice for them. Each coin serves a distinct purpose, and users are at liberty to select what aligns with their needs.

Given this, popularity shouldn't necessarily be a significant factor to consider.

[serjent05]

Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?

Because Monero is not Bitcoin?  Being the first decentralized cryptocurrency, although not a privacy coin, Bitcoin with the help of mixers can still keep the users secret .  Aside from that Bitcoin had been created and established way ahead of Monero and the fact that the government frowns upon any privacy coins makes it worse for Monero.

I believe Monero can be a main coin in the dark web but in mass adoption, it has no chance against Bitcoin.

[Abiky]

So true privacy advocates will never use monero in centralized services, only decentralized p2p and instant exchanges. This is the natural habitat for coins like monero, and centralized services use this coin only for speculation, completely ignoring the private functions of this coin.

Only a small number of people actually care about their privacy. That's one of the many reasons why Monero isn't a popular cryptocurrency these days. When you use a CEX to buy/sell XMR, you defeat its original purpose (which is to preserve privacy/anonymity). It's highly-recommended to use a DEX or P2P trading platform to get all of the benefits. Monero may never overcome Bitcoin, but it will always be a viable alternative for those who need it the most.

What I like about Monero is its adaptability and focus on decentralization unlike any other cryptocurrency known to date (except BTC, of course). If developers maintain it, Monero could live alongside Bitcoin for generations. Remember, "keep it secret, keep it safe". As long as Monero remains under the radar, there should be nothing to worry about. Just my thoughts