Are privacy coins already dying - page 2.

jossiel

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Quote from: fzkto on October 23, 2022, 10:28:08 AM

Quote from: jossiel on October 22, 2022, 06:47:55 PM

Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.

It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.

And it's the number 1 target of those trying to remove it from exchanges. About its performance, I can say that it's a yes that it's still performing well despite of that.

This is the most popular privacy coin and that's why there's a good volume that's never gone on it despite we're in a bear market. Whatever is causing it to be at good standing is probably the normal cause of supply and demand.

blockman

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Privacy Coins that I still save until now are Monero and Zcash, indeed when compared to other projects, it is certainly very difficult to compete, and it seems that this year I will sell everything if the market continues to decline.

And these are the most popular privacy coins ever. It's hard to count on these privacy coins these days because when they've taken the attention of the regulators taking charge and there seems to be no choice but to be cracked down by them, the market of these would certainly in a decreasing pattern because the investors are also scared of what can happen when it's being asked to be taken down and removed from several exchanges.

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Quote from: fzkto on October 23, 2022, 10:28:08 AM

Quote from: jossiel on October 22, 2022, 06:47:55 PM

Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.

It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.

It's caused by monero has a very fair pre launch in 2014. The creator was not a greedy guy, that's why he was not even having intention to create premined coin for himself. The price has been coming from the demand for monero itself. It can be said that if monero is a very good and fair anon coin for now. It can be seen from how many people were actively using this coin right now.

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Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

I have found an article that handles the subject quite well. You might wanna take a look.

The future looks grim for privacy-centric coins but this doesn't mean that they will cease to exist or that they have become unattractive. While regulation may have been stifling developments on the privacy side, there will always be those who will look for this sort of technology and those who will improve it further. There will always be demand for privacy-centric coins, and where there is a will, there is a way! Due to this, the price may surge for the ones who outstand the clampdown.

fzkto

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Quote from: jossiel on October 22, 2022, 06:47:55 PM

Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.

It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.

Maidak

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Now privacy is no longer considered important in the crypto world, there are too many money laundering cases there that make some people afraid to invest in it because of regulations made by the government.
What else has to be covered if almost all platforms both from exchanges and gambling sites are now implementing kyc.

Privacy coins used to do well, but government regulations have slowed them down. Besides, now that investors are only interested in profits, so they tend to look for coins that can bring them profits, privacy is no longer a priority issue as in previous years. The privacy coin is still in use but I guess it will soon be banned by the government because of the crime related concerns you mentioned

Apart from old coins like XMR, DASH, do we have any new privacy coins? I haven't heard about the market of these coins for a long time.

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Privacy Coins that I still save until now are Monero and Zcash, indeed when compared to other projects, it is certainly very difficult to compete, and it seems that this year I will sell everything if the market continues to decline.

Monero and Zcash the most popular privacy coins, if you are doing a deep research about how many privacy coins that are still exist in the market and i will say the population of privacy coins have been dropping likely around 90% in the market. it's caused by people didn't interested anymore with low cap privacy coins since era for utility token has come. The privacy coins are mot than dying. The era for privacy coins have gone since utility tokens were coming to crypto

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Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

Privacy coins will survive even though currently the regulators that apply to these coins are very strict even some exchanges have removed them, but I don't think that will make privacy coins die in the future because so far there are still some people who really want to stay anonymous so they will continue to adopt privacy coins and they realize that privacy coins will make them feel more comfortable.

ethereumhunter

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I think privacy coins still exist on some exchanges and even though they don't have a large trading volume, privacy coins are still trying to survive. If you look at Binance, XMR, one of the privacy coins, can still be at $143 and even though the price is still going up and down, it is still following the movement of bitcoin. And I think the privacy coin can still go up and have a chance to increase in the future. In addition, privacy coins still have support until now so that is what makes privacy coins still able to survive in the harsh crypto market.

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This is also one of the areas in the market that is hotly discussed and there is also great interest in it. But personally, I feel it's not an instant story and everything evolves requires user process and adaptation as well as development from the developer team. I also use it frequently. Some coins are anonymous for personal purposes, but when it comes to opportunities or barriers, each person will have their own view of their capabilities.

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Quote from: bittick on October 22, 2022, 07:51:08 PM

It seems privacy coins have no future at all, I meant look at what happened with the market. So many people abandon the privacy coins these days. I meant i just aware if people are slowly but surely leaving from the privacy coins. Privacy coins are not viable anymore this time when so many people are caring so much with the tokens owned so many utilities. this happens so many times with it. I meant you shall also look at the fact that. Privacy coins actually dying

There will always be a demand for privacy coins, as for various reasons some people will seek to hide the movement of their capital from states. These coins of the state can be driven into the shadows, but they will continue to exist, although the demand for them due to increased regulation and even their ban by individual states will fall very much. In any case, it is hardly worth investing in them now. These coins are expected to decline in prices.

bittick

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It seems privacy coins have no future at all, I meant look at what happened with the market. So many people abandon the privacy coins these days. I meant i just aware if people are slowly but surely leaving from the privacy coins. Privacy coins are not viable anymore this time when so many people are caring so much with the tokens owned so many utilities. this happens so many times with it. I meant you shall also look at the fact that. Privacy coins actually dying

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Quote from: goaldigger on October 22, 2022, 05:47:35 PM

Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

They are struggling at some point and the pressure of the government are hurting them as well so probably it will be hard for them to rise if they didn’t make any updates to address that pressure. The volume of privacy coin is still ok though which means many still prefer that option. If there’s a regulation limiting with you to become more private, I guess you have to look for alternatives or you can just deal with it.

we can say the demand for privacy coin is still there but with the government regulations, they are not being promoted as they will likely be under microscope. but there are still users of privacy coins. i don't think they will totally abandon this type of coin. as long as it is available in the market, they will use it because of some advantages.
so long they can find an exchange that can accept privacy coins, they will continue to exist in the trading market.

jossiel

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Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.

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Quote from: Wahyuihib on October 22, 2022, 05:18:56 PM

Privacy Coin is a secret coin between the sender and the recipient is not visible. So that those who can see the Transaction are the two parties concerned. But this is very risky. Because it is easy to use for illegal activities, it causes concern for related parties

For illegal reasons, these are the reason why regulations slowly becoming strict for those privacy coins and probably in the future they will be the target of the government to investigate and that could hurt their reputation and many will leave that privacy coin for their own safety. There’s a threat when it comes to regulation and I don’t know how those privacy coins can skip the regulations, some are still working good but others are already suffering and slowly leaving the market as well.

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Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

Probably because of the market trend their value can’t increase that much and I guess investors are not dealing with privacy coins that much. Regulations might not be the real issue here since we can’t skip that anymore and many already accept that fact. Poor performance of privacy coins should be address already or else many of them will die eventually, they have to stay competitive despite of the regulation issues.

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Like all other altcoins, privacy coins are not a priority at the moment for market participants. The majority of market participants focus on the market trend which is bearish now, after the bull market sign it is possible the investors will take care of privacy coins. Just HODL the altcoins and let's hope it will be the end of the bear market season soon so we will be able to harvest profit during the bull market season.

In a bull market or a bear market, I think a privacy coin will have a hard time capturing the attention of investors if it doesn't have any notable hype.
It is clear that in this market, what people need is profit, but not privacy, so those who are privacy aficionados will turn to Bitcoin. Although bitcoin will not be completely anonymous like XMR but I think people will choose BTC that is both anonymous and profitable. Nowadays, privacy coins are only used for certain purposes, it is no longer suitable as a profitable investment, IMO.

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Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

They are struggling at some point and the pressure of the government are hurting them as well so probably it will be hard for them to rise if they didn’t make any updates to address that pressure. The volume of privacy coin is still ok though which means many still prefer that option. If there’s a regulation limiting with you to become more private, I guess you have to look for alternatives or you can just deal with it.

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Privacy Coin is a secret coin between the sender and the recipient is not visible. So that those who can see the Transaction are the two parties concerned. But this is very risky. Because it is easy to use for illegal activities, it causes concern for related parties

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Quote from: Z390 on October 22, 2022, 04:42:22 AM

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

People have no choice… The exchanges are dropping their support for those coins and delisting them because it is impossible to track the movements of the coins for the government and they hate them for this.

When the exchanges don’t list them anymore people can’t trade them and convert their coins to FIAT… The loss of huge trade volume reflects on the price of these coins.

It is very sad to see that no coin can survive if the big exchanges don’t support them. It feels like we are back to where we started… The exchanges are banks v2.0

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