Why is Monero so forgotten? - Page 2 - Coins / Tokens Talk - CryptoTalk.Org Jump to content
spyaquino

Why is Monero so forgotten?

Recommended Posts

Monero is not forgotten it has the all time high hashing power since it upgraded to RANDOM X algorithm recently. Lots of people are buying RYZEN cpus tomine Monero now since RANDOM X supports cpu mining rather than before it was just graphics cards mainly. You should try out mining on your cpu right now I get around 2,000 hash/s which is a big improvement almost 50%.

Share this post


Link to post
Share on other sites

I think because there was some new privacy coin nowadays and not really sure about monero because i really didn't any hear news about this one lately, Maybe not really forgotten because the community still looks pretty much in my opinion and the volume is quite large.

Share this post


Link to post
Share on other sites

Now not only Monero is going through hard times, but all coins in general, especially anonymous ones, but I think this is a temporary phenomenon and this year the cryptocurrency will rise from its knees

Share this post


Link to post
Share on other sites

Because Monero technology is old compared with another alts in 2020 and lack of project developlement. In 2020 new investor is prefer privacy coin like Atom and Grin

Share this post


Link to post
Share on other sites

Sometime high privacy becomes problems for coins. Monero is best private coin but it is ignored by traders they afraid this coin may loss its value in future. Because it could become coin for money laundring due to high privacy.

Share this post


Link to post
Share on other sites

I think this is the most popular anonymous coin. Many people use this coin. I am confident that this project will be actively developed.

Share this post


Link to post
Share on other sites

Monero is the second best cryptocurrency behind Bitcoin.

It has a purpose "privacy" and it is the best in this field. Zcash is also a good privacy coin.

It is not at second place as it should be because of Binance promoting only chinese altcoins and the noobs that can't figure out the importance of Monero. It is sad to see so many vaporware as Cardano and ETC getting attention instead of Monero.

Share this post


Link to post
Share on other sites

Well the is very much fall as it has the all time high 35,066.80 inr on 7 jan 2018 and it has all time low at 15.06 inr on 14 jan 2015 which has and when it has gone all time low it also has gone all tim high after low so there are chances that is will be trading nearly 29,000 in coming time and it  will be in great demand 

Share this post


Link to post
Share on other sites

Monero, in my opinion, is still potential, the proof is that this coin is still in the top 10 CMC. Monero is rarely heard maybe because of the many developments from other altcoins that have covered Monero's popularity 😅


 

YOUengine-cryptotalk.png.2ca158a48ed925f2af8f14fc1863c423.png

Share this post


Link to post
Share on other sites
On 10/19/2019 at 6:10 AM, spyaquino said:

When my cumpadre and I started trading in digital currencies, whether it was airdrops or buying coins, or whatever it is, I remember my cumpadre buying Monero and mining Monero, that year I don't remember precisely the year, the monero was up, excitement washed over my cumpadre who just wanted to know about Monero. But then Monero started to fall and since then has not heard a substantial recovery. But because Monero has suffered so many negative changes in its market value and even in the sense of being remembered in the cryptographic environment, if anyone has an opinion or even the reason for such stagnation and wants to share here they will be doing a great service to the cryptographic environment. - and me, because I myself didn't understand until now why this lag. Hugs

download (5).jpg

I think the possible  reason  may be because  of its dropped price. When people and investors  get in loss after investing  they will never  invest on that particular  coin. Also Monero price is  been decreasing  so that  might be a possible reason.

Share this post


Link to post
Share on other sites

Monero's lead maintainer was replaced recently by a new guy so I think that any increase in the price of Monero will be whenever its privacy-focused features are appreciated. That may be all it's got.


Why are you looking for another faucet in signatures like mine, cryptotalk is the best earnings site. 😉

Share this post


Link to post
Share on other sites

One of the ways to stay relevant on any business is to be relevant, why did I say this, Monero has lost its relevance, I think the team behind that coin needs to come up with some new features that will motivate investors and it will come on the limelight again.

Share this post


Link to post
Share on other sites

Another reason might be that Monero was previous called darkcoin if I'm correct. Many people left it aside because of the name and it's reputation. Maybe that still lingers.


Get $10,- for signing up with Coinbase. Already have a Coinbase account? Get up to $186,- for free by learning about crypto.

Share this post


Link to post
Share on other sites

Monero coin has large number of community but monero team not help and active that's why in 2018 to still monero coin continue down where others crypto price pupm again after dumping. I think in this year price shoud be pump if team active.

Share this post


Link to post
Share on other sites
On 19.10.2019 at 08:25, spyaquino said:

When my cumpadre and I started trading in digital currencies, whether it was airdrops or buying coins, or whatever it is, I remember my cumpadre buying Monero and mining Monero, that year I don't remember precisely the year, the monero was up, excitement washed over my cumpadre who just wanted to know about Monero. But then Monero started to fall and since then has not heard a substantial recovery. But because Monero has suffered so many negative changes in its market value and even in the sense of being remembered in the cryptographic environment, if anyone has an opinion or even the reason for such stagnation and wants to share here they will be doing a great service to the cryptographic environment. - and me, because I myself didn't understand until now why this lag. Hugs

download (5).jpg

don’t worry, my friend - you have chosen a good asset and your patience should be stronger and I advise you to consider another additional asset, never limit yourself to one!

Share this post


Link to post
Share on other sites

I think monero is suffering due to the negative image it acquired as a coin mainly used by the darker elements of society or terrorist/communist regime. It cant avoid such an image being the premiere privacy coin in the market, not many wants to be associated to such groups even if it's just by using monero.


Epic Wuz HiR🤤🤤🥵

 

Share this post


Link to post
Share on other sites

However negative responses about monero. Until now the coins are still good and I have been mining for monero coins. So I didn't forget it, but I just didn't invest in Monero.

Share this post


Link to post
Share on other sites
On 10/19/2019 at 8:25 AM, spyaquino said:

When my cumpadre and I started trading in digital currencies, whether it was airdrops or buying coins, or whatever it is, I remember my cumpadre buying Monero and mining Monero, that year I don't remember precisely the year, the monero was up, excitement washed over my cumpadre who just wanted to know about Monero. But then Monero started to fall and since then has not heard a substantial recovery. But because Monero has suffered so many negative changes in its market value and even in the sense of being remembered in the cryptographic environment, if anyone has an opinion or even the reason for such stagnation and wants to share here they will be doing a great service to the cryptographic environment. - and me, because I myself didn't understand until now why this lag. Hugs

download (5).jpg

This only means that the team behind the Monero project are not doing their task especially in marketing their project to gather more investors and make it active always. 

 

If this project was being abandoned by the team then they will surely be forgotten and it's trading volume will surely collapse. I also mined Monero it was around at the peak of the bull run 2017-28 but right now I didn't see any good developments that were being released by the team. 

Share this post


Link to post
Share on other sites
On 10/19/2019 at 2:25 AM, spyaquino said:

When my cumpadre and I started trading in digital currencies, whether it was airdrops or buying coins, or whatever it is, I remember my cumpadre buying Monero and mining Monero, that year I don't remember precisely the year, the monero was up, excitement washed over my cumpadre who just wanted to know about Monero. But then Monero started to fall and since then has not heard a substantial recovery. But because Monero has suffered so many negative changes in its market value and even in the sense of being remembered in the cryptographic environment, if anyone has an opinion or even the reason for such stagnation and wants to share here they will be doing a great service to the cryptographic environment. - and me, because I myself didn't understand until now why this lag. Hugs

download (5).jpg

probably becasue monero is a privacy coin and so people can hide transactions to the public, in other blockhain you can't to this. and now you can say to me.. 

"well you can hide transactions to anyone, why this would be a bad thing?"

because governments need to track your transactions and if they see you hiding a transaction then this will not end very well for you.

more rules governments will add and less interest in privacy coins there will be

Share this post


Link to post
Share on other sites

Welcome with me
Perhaps, Monero will be dead, and forever forgotten
After Genesis mining stopped Monero mining, the coin turned back a lot
In addition to the lack of activity of the currency team in the creation of new projects

Share this post


Link to post
Share on other sites

When monero launched it had good hype but after that this coin didnot gave good performance on the basis of which people dumped it and noone looked for it since then.

Share this post


Link to post
Share on other sites

Well I don't think monero is forgotten, I'm sure there are many people believes monero even though some exchanges delisted monero, it won't die. Monero can survive for long.


 

                                                    BetFury                                                   

   | You Play - We Pay

                                                  Free BTC 360 Satoshi every day                                                 

Share this post


Link to post
Share on other sites

The word Xmo is tredning recently in news and belogs monero is involved in many illegal activity like money laundering or mining through google ! So thats why many countries  not allows 

Share this post


Link to post
Share on other sites

I'm not sure. Monero is not on my shortlist right now. The only asset the bring is privacy, but there are so many coins where you can stay private while doing transactions. So why buy Monero ?


Get $10,- for signing up with Coinbase. Already have a Coinbase account? Get up to $186,- for free by learning about crypto.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • CryptoNews of the Week     – On Monday, 24th June, for the first time since 3rd May, the price of bitcoin fell below $60,000, reaching $58,468 at one point. Ethereum, meanwhile, dropped below $3,250. “The market is struggling to digest large sales,” Bloomberg quoted Caroline Mauron, head of Orbit Markets. Although it is difficult to pinpoint the exact source of the current selling pressure, several contributing factors can be identified. The issues in the crypto market reflect the overall instability in global financial markets and uncertainty regarding monetary and regulatory policies in several leading countries, particularly China and the USA. Moreover, in mid-June, the German government began selling a large quantity of bitcoin (approximately 50,000 BTC) that was confiscated in January. Bearish sentiments intensified following reports of imminent payments of about 140,000 BTC to creditors of the bankrupt crypto exchange Mt. Gox, which are set to begin in July. Popular trader Bob Loukas believes that in anticipation of this event, the flagship crypto asset’s prices reached their lowest level in the last eight weeks yesterday. Additionally, it became known that bitcoin miners' reserves reached a 14-year low as they were forced to sell a significant amount of coins to cover operational expenses due to the halving.   – In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, with major market participants slowing their activity in the derivatives market, further creating downward pressure. According to 10x Research, throughout the past week, US spot BTC-ETFs recorded investor outflows, with net outflows exceeding $105 million on 21st June. Earlier, Ki Young Ju, CEO of the investment company CryptoQuant, calculated that over the past two weeks, bitcoin whales and miners reduced their positions on over-the-counter platforms by $1.2 billion. 10x Research analysts believe that bitcoin will now need to find a new price range to stabilize the fall and then look for growth catalysts. In the medium term, according to 10x Research analysts, BTC is unlikely to return above $70,000.  It should be noted that according to JPMorgan analysts, the cost of bitcoin mining is $53,000. This support could become the lower boundary of the price range. However, back in March, JPMorgan did not rule out that after the April halving, bitcoin might temporarily drop to even $42,000.   – Popular analyst Matthew Hyland noted that the total balance of bitcoin on centralized exchanges has reached a multi-year low. In theory, this could be seen as a bullish signal, but the flagship of the crypto market is not yet showing upward momentum. It is expected that the publication of key US economic data in the coming week could serve as a vector for the further movement of cryptocurrencies. If macro statistics increase the likelihood of the Fed starting to ease monetary policy and the first interest rate cut as early as September, this could support risky assets, including bitcoin. Experts from Cryptology believe that the chances of bitcoin hitting an all-time high by the end of September are quite high and that the current situation is a phase of accumulation.   – Andrew Kang, co-founder of the venture company Mechanism Capital, stated that Ethereum’s price could correct by 30%, falling to $2,400 after spot ETFs for ETH are approved. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETFs will be able to attract only 15% of the funds compared to what BTC-ETFs received at launch. Kang noted that to increase Ethereum's attractiveness to investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, selling funds on new uses for Ethereum will be difficult since the asset is perceived by investors as an overvalued stock of one large tech company.   – Unlike Andrew Kang, SkyBridge Capital CEO Anthony Scaramucci believes that Ethereum's price could reach $10,000-12,000. As for bitcoin, the entrepreneur anticipates it could grow to $170,000-250,000. The main driver here will be the institutional adoption of cryptocurrency. Scaramucci called the approval of spot exchange-traded ETFs a significant regulatory barrier breakthrough for attracting new capital. According to him, this will soon result in digital gold comprising about 3% of large players’ portfolios.   – Cryptocurrency exchange Coinbase has been listed among American brands most often impersonated by scammers to deceive their victims. According to analysts at Mailsuite, from January 2020 to March 2024, the Coinbase brand was used in 416 scam schemes and phishing attacks.  Mailsuite studied 1.14 million incidents in total, in which scammers impersonated a well-known company or organisation more than 249,000 times. Among traditional firms, Facebook/Meta was the most popular American brand among scammers, mentioned in 10,457 recorded fraud cases. Next were the US Internal Revenue Service (9,762 incidents), Apple (9,110), Amazon (8,919), Steam (4,833), and Microsoft (4,518). Internationally, scammers prefer Japanese firms, with mobile operator au (18,964 cases) and railway company JR East (18,250) leading the list.   – The US Federal Bureau of Investigation has issued a warning about fake law firms promising to recover lost crypto assets from scammers or government agencies.  Scammers pose as authorised lawyers from government departments, including the FBI, and offer assistance in recovering previously lost or confiscated digital assets. The FBI recommended being wary of such service advertisements, especially when pseudo-lawyers demand advance payments and request sensitive financial information and personal data.   – Former Goldman Sachs CEO Raoul Pal predicted significant growth for bitcoin and the cryptocurrency market in Q4 2024. Speaking on the podcast "The Wolf Of All Streets," the financier noted that risky assets like bitcoin usually rally during US presidential elections. "The final quarter of an election year is a real ‘banana zone’ for all assets. It’s always like that," Pal optimistically stated, adding that the ‘banana zone’ for cryptocurrencies in the autumn is much more pronounced than, for example, for the Nasdaq index.   – MicroStrategy founder Michael Saylor is convinced of the potential for the first cryptocurrency to grow to $10 million, supported by China and other factors.  He believes that in the future, governments, especially China, will fully accept the first cryptocurrency and integrate it into state infrastructure.  Calling bitcoin a "perfect asset," the entrepreneur explained that digital gold acts as a "corporate machine" that will allow companies to "live forever." He is confident that firms investing in bitcoin can last longer than those "mired in corporate ailments of the past." "The average lifespan of a corporation is about 10 years. […] We’re talking about eliminating corporate mortality; we’re talking about easily increasing economic viability by ten, a hundred, or maybe a million times," added the MicroStrategy founder. Saylor also called all economic tools that appeared before bitcoin outdated. "Before Satoshi Nakamoto, economics was a pseudo-science. All economists before Satoshi tried to develop economic laws using shells, glass beads, bits of paper, and credit instruments," the businessman emphasized.  Recall that MicroStrategy is one of the world's largest holders of bitcoin. In June 2024 alone, it purchased 11,931 BTC.   – Founder and CEO of tech giant Dell Group Michael Dell expressed interest in bitcoin in correspondence with Michael Saylor. The situation has caused a stir in the cryptocurrency community for several reasons. Dell was among the top 10 richest people in the world in 1999 and 2000. He periodically appeared in the top 20 afterward. At the same time, the entrepreneur himself has positively commented on the digital industry. In 2021, he publicly stated that blockchain technology is highly undervalued. His company, Dell Technologies, accepted bitcoin as a payment method from 2014 to 2017. However, this option was later removed due to "low demand," as explained by the company. Now, the billionaire posted a statement on his page regarding the value of bitcoin and published another note on this topic.   – Ahead of the US presidential election, former cryptocurrency advisor Carole House has returned to work with Joe Biden’s team. "It is an honour for me to return to the Biden administration, where I hold the position of special advisor on the White House National Security Council," House wrote on her LinkedIn. In 2022, Carole House co-authored Biden’s executive order on cryptocurrencies and digital assets. Her return to the White House signals an improvement in the US president’s attitude towards cryptocurrencies.   – Matt Hougan, CIO of Bitwise, which manages cryptocurrency funds, cited three reasons why long-term investments in both bitcoin and ethereum have advantages over investments in bitcoin alone. These are: 1. portfolio diversification, 2. the ability to profit from vastly different ecosystems, and 3. economic benefits.  Given the difference in capitalization levels between bitcoin and ethereum, Matt suggests investing 75% of capital in BTC and 25% in ETH. According to the report, from May 2020 to May 2024, the return on such an investment portfolio was 3% higher annually than one in which bitcoin alone accounts for 100%.  However, Hougan acknowledges that in the short term, a portfolio consisting solely of bitcoin outperforms a diversified one. Additionally, investing solely in bitcoin carries less risk due to its higher market capitalization and features such as limited coin issuance and gradual reduction of inflation to zero. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Добрый день, уважаемые пользователи форума! Принимаем заявки по выгодным курсам.   Контакты: -Сайт: star-change.io-Telegram (через кнопку на сайте)-Почта: info@star-change.io
    • Уважаемые клиенты!   Мы рады сообщить вам о новой выгодной возможности! Теперь при оплате наших услуг криптовалютой вы получите бонус в размере 10% от суммы счета!   ✨ Ваши преимущества:    • +10% к сумме оплаты: Используйте бонус для оплаты новых услуг или продления уже активных.  • Удобство и скорость: Быстрая обработка платежей без лишних комиссий.  • Безопасность: Обеспечьте свои транзакции надежной криптографической защитой.   Не упустите свой шанс сэкономить и получить дополнительные привилегии! Ваши бонусы уже ждут вас.   С уважением, Команда Proxy5.
    • Пресейл токена AIR            Aircoin — хайповый мемкоин на блокчейне Solana. Проект готов наводить ажиотаж, а Blum и Pixelverse запустили маркетинговую компанию в своих апках. Старт пресейла: сегодня в 18:00. Hardcap: 111,111 SOL. Лимиты на аккаунт: 0.1 — 200 SOL. Следить за предпродажей можно здесь, начало очень скоро. Выглядит неплохо, посмотрим, что из этого получится. Следим за проектом: Website | Twitter | Telegram   Но я бы посоветовал с этим проектом быть повнимательней и все хорошо анализировать.....
    • Курс BTC упал до $62 250, обновив локальный минимум. Альткоины из ТОП-20 в среднем просели на 10%. На фоне падения рынка индекс страха и жадности за последнюю неделю обвалился на 20 пунктов и сейчас находится на отметке 51 (нейтрально). Зафиксировать позиции можно с помощью сервиса обмена криптовалют cryptonet.pro
    • 🔝Bernstein о перспективах биткоина🔝 Эксперты Bernstein пересмотрели прогноз стоимости bitcoin, ожидая увеличения до $200 тысяч к завершению следующего года и до $1 миллиона через десять лет. Основной причиной будет увеличение востребованности bitcoin-ETF. Специалисты сообщают, что вложения в биткоин-ETF к следующему году достигнут $190 млрд. Bernstein также прогнозирует, что капитализация криптовалют утроится и составит $7,5 триллионов. Они ожидают, что биткоин достигнет капитализации $3 трлн, Ethereum — $1,8 трлн, а суммарная стоимость Solana и Avax — $1,4 трлн. Этот рост будет вызван институциональным внедрением и развитием экосистем.
    • Дорогие клиенты! Предлагаем Вам сделать выгодный - Обмен Tether BEP20 USDT на Альфа-Банк RUB. Готовы сделать быстрые обмены для Вас!   Контакты: Сайт: Monopriz.com Почта: support@monopriz.com
    • Приветствуем!Для Вашей выгоды снижена комиссия на направление Bitcoin на Альфа банк Cash-in.Ждем Вас у нас на сервисе обмена криптовалют Imperial.exchange.Рады сделать обмен для Вас в любом другом направлении.Наши контакты:Почта: support@imperial.exchangeTelegram: https://t.me/imperialexchange_admСайт: https://imperial.exchange/
    • 26.06.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.5% (Мы доплачиваем) USDT  +1.5% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.7%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  +3.5%  USDT   +3.5%    Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • Доброе утро, уважаемые пользователи!👋 Мы работаем - Пн. — Пт. с 9:00 до 23:00 (MSK), Сб. — Вск. свободный график. Напоминаем Вам: 🔔На нашем сайте действует акция - соверши обмен, оставь отзыв, подпишись на telegram-канал, получи 5$ на кошелек TRC20 или TRX. 🔔Стань нашим партнером - зарегистрируйся на нашем сайте, Вы получаете в личном кабинете уникальный партнерский идентификатор, Вы сможете размещать данные ссылки нашего сервиса на любых страницах своего сайта, блога, сообщества и социальных сетях. Зарегистрировавшись-Ваши ссылки реферальной программы будут находиться в разделе «Партнерский аккаунт и рекламные материалы»  - Акция - Партнерский FAG  - Условия участия в партнерской программе   Желаем Вам продуктивного дня и хорошего настроения! С уважением, Финансович. Доброе утро, уважаемые пользователи!👋 Мы работаем - Пн. — Пт. с 9:00 до 23:00 (MSK), Сб. — Вск. свободный график. Напоминаем Вам: 🔔На нашем сайте действует акция - соверши обмен, оставь отзыв, подпишись на telegram-канал, получи 5$ на кошелек TRC20 или TRX. 🔔Стань нашим партнером - зарегистрируйся на нашем сайте, Вы получаете в личном кабинете уникальный партнерский идентификатор, Вы сможете размещать данные ссылки нашего сервиса на любых страницах своего сайта, блога, сообщества и социальных сетях. Зарегистрировавшись-Ваши ссылки реферальной программы будут находиться в разделе «Партнерский аккаунт и рекламные материалы»  - Акция - Партнерский FAG  - Условия участия в партнерской программе   Желаем Вам продуктивного дня и хорошего настроения! С уважением, Финансович.
×
×
  • Create New...