What Keeps Monero from Being More Popular?

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swiftguruNewbie
Posts: 12 · Reputation: 28
#1Nov 2, 2020, 02:48 AM
I get that privacy is key, but why isn't Monero a top player?
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SwiftForkMember
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#2Nov 2, 2020, 08:20 AM
Bitcoin rules the scene, right? Monero’s ranked 28th by market cap, over $2.6 billion. So it’s decent. But honestly, a lot of crypto folks just care about profits, not privacy.
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#3Nov 2, 2020, 02:34 PM
True, but centralized exchanges have delisted Monero. Governments aren't fans of privacy coins. They feel threatened by it. And not everyone values privacy.
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its_lordNewbie
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#4Nov 2, 2020, 03:40 PM
Regulatory issues are a big deal. Privacy coins like Monero? Harder to track for regulators. Plus, many prefer coins that support smart contracts. Privacy lovers will stick with Monero, though, for sure.
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4lpha07Member
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#5Nov 3, 2020, 07:53 PM
When Monero launched in 2014, it seemed like the king of privacy. Now? So many new coins out there offering better privacy features. Monero feels kinda outdated, like Dash.
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#6Nov 3, 2020, 09:06 PM
Yeah, most users prioritize profit. Look at XRP, tons of investment in it despite being a total joke. Monero has its fans, sure, but right now it’s not looking good.
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#7Nov 4, 2020, 12:35 AM
It's anti-government, that's why. Monero offers full privacy, which the government hates. Businesses need to play nice, and exchanges have dropped it. Bitcoin is semi-anonymous, so it flies under the radar.
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hodlgangMember
Posts: 107 · Reputation: 110
#8Nov 4, 2020, 03:31 PM
Monero’s popular in the dark web, that’s a huge issue. Law enforcement makes trading harder, so many investors steer clear. I get it, but I'm not looking for trouble.
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shrimpNewbie
Posts: 289 · Reputation: 20
#9Nov 6, 2020, 12:19 PM
Absolutely, privacy is key. But regulators are cracking down. Many exchanges have delisted it because of pressure. How do you invest in something the government is trying to shut down?
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kevin1337Hero Member
Posts: 40 · Reputation: 2082
#10Nov 6, 2020, 01:36 PM
Monero's fighting an uphill battle. Governments hate it because of its privacy. Sure, some of that privacy is misused, but I believe Monero will get its moment when privacy becomes essential again.
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swiftguruNewbie
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#11Nov 6, 2020, 06:44 PM
How do they handle being fully transparent? Seems odd they don’t worry about using BTC.
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#12Nov 7, 2020, 12:39 AM
It’s definitely a major coin, just not at the level of Bitcoin. Being in the top 100 is solid. Monero’s got a big market cap, but exchanges don’t want to deal with it.
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SwiftForkMember
Posts: 250 · Reputation: 145
#13Nov 7, 2020, 04:41 AM
Monero’s still on plenty of exchanges. Binance, Kucoin, Kraken, and more. Sure, Coinbase doesn’t list it, but that’s on them. Decentralized exchanges still support it.
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CalmCoinMember
Posts: 2 · Reputation: 94
#14Nov 7, 2020, 09:07 AM
Bitcoin is king, but Monero was great for daily trading. Now? It’s not in the best shape. It had its time, but things are rough for Monero right now.
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SwiftHashFull Member
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#15Nov 7, 2020, 05:30 PM
People are all about profits. Privacy matters to some, but not most.
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planktonHero Member
Posts: 1284 · Reputation: 2049
#16Nov 7, 2020, 10:37 PM
Monero’s all about privacy and anonymity. That’s great for users who want it, but it also raises red flags for exchanges worried about illegal use.
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LuckyByteMember
Posts: 142 · Reputation: 58
#17Nov 7, 2020, 11:44 PM
You nailed it. Governments paint privacy coins as criminal tools. They want to keep control, and Monero’s hard to track, hence the delistings.
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alt_forkMember
Posts: 228 · Reputation: 236
#18Nov 8, 2020, 01:01 AM
These days, most folks don’t give a hoot about privacy. Centralized exchanges need ID verification, which makes Monero less useful. Utility is what people want.
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GigaGuruNewbie
Posts: 76 · Reputation: 26
#19Nov 8, 2020, 07:14 AM
Is Monero really gonna outperform Bitcoin? Sure, it’s on exchanges, but with delistings happening, it’s facing serious challenges.
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vault23Full Member
Posts: 8 · Reputation: 750
#20Nov 8, 2020, 12:24 PM
Not sure why people forget about privacy. Monero used to be hot, especially after Bitcoin and Ethereum, but now it’s fallen off.
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