The answer to your question is No, using versatile weapons with two hands does not disqualify them as monk weapons.
But not because of any reason that made you ask the question, because your whole question is wrong as it's clear from your question you haven't understood the paragraph in question.
The paragraph in question on pg. 78, PHB says (emphasis mine):
At 1st level, your practice of martial arts gives you mastery of combat styles that use unarmed strikes and monk weapons, which are shortswords and any simple melee weapons that don't have the two-handed or heavy property.
Let's look at what that paragraph really says.
The first thing it does is stating that at 1st level a monk has a master of different combat styles using unarmed strikes and monk weapons.
The second thing it does is stating that monk weapons are shortswords and any simple melee weapon that doesn't have either the heavy property or the two-handed property.
That's everything that paragraph states. It simply tells you that monks fight unarmed or with monk weapons and then defines monk weapons as either shortswords or any simple melee weapon that isn't heavy or requires two-hands to use.
Simple melee weapon with heavy or two-handed property = not monk weapons.
Simple melee weapon without heavy or two-handed property = monk weapons.
So what about the versatile property? A weapon with that property just gives you the option to use two hands during an attack for greater damage.
However, in this case whether a weapon has the versatile property or not has no impact on the RAW as it only purpose in this case is to define what a monk weapon is, which is a shortsword or any simple melee weapon without either the heavy property or the two-handed property. Any other properties such as light, finesse, reach or versatile has in this case no bearing on the rules. Nor does how you use said weapon.
If you are using a versatile weapon, you can only gain the benefit of the Great Weapon Fighting Style if you you are using it in both hands. Similarly, you can only gain the benefit of the Dueling Fighting Style if you are using it in one hand. (And holding no other weapons.)
So, let's take a look at how this breaks down with a longsword (or battleaxe, they're equivalent.)
- 2-handed: 1d10 + Str, reroll 1s and 2s. Average damage = 6.3 + Str
- 1-handed: 1d8 + Str + 2. Average damage = 6.5 + Str.
Obligatory anydice link: http://anydice.com/program/5b1e.
As well as this, wielding your weapon 1-handed allows you to use your other hand for something. (Like a shield!) This can be a huge benefit.
So for versatile weapons, the Dueling Fighting Style is actually strictly superior to the Great Weapon Fighting Style.
However, if you want to use a two-handed weapon, you should probably use an actual two-handed weapon rather than a versatile one, at which point you can achieve much higher damage.
Best Answer
When you are wielding a versatile weapon with two hands, you are not wielding it with one hand.
The text of Dueling states that it applies when you are wielding a melee weapon with one hand. Therefore, it does not apply when you are wielding it with two hands.
This is also confirmed by a tweet by rules designer Jeremy Crawford from April 2018 (though those are no longer official):