When I first heard about Privacy coins like Zcash and Monero, I absolutely loved the idea. The benefits of a privacy blockchain potentially offer a lot of value. However, I suspect soon many of these privacy won’t be around because of governments getting involved.
Personally, I love BTC and don’t hold many privacy coins in my portfolio but with all the regulations coming, privacy coins may not be worth it.
Topic: The future of privacy coin is not looking good (Read 423 times)
Some privacy coins we can't rely on, especially since they are always under government monitoring if the price can change to the highest value, but currently some investors keep a lot of these coins because they believe the future of privacy coins is indeed very promising so it is very likely that we can reap huge profits in the future, so this all depends on our respective beliefs.
looks like the future of privacy coins is bad, I worked for privacy coins two years ago, they are hard to get hype even when the market is positive, but tend to be stable when the market is negative. The community is quite large but has declined over time, due to the complexity of mining and the public's lack of interest in privacy coins.
Lack of utilities have become the main reason by the community why they were rejecting to use the privacy coin instead of ordinary coin in the market. The smartcontract protocol is more benefit for users rather than using the privacy protocol which was only focusing with privacy but lack of usability. People are so smart and they didn't wanna wasting their money into the something that doesn't have future
looks like the future of privacy coins is bad, I worked for privacy coins two years ago, they are hard to get hype even when the market is positive, but tend to be stable when the market is negative. The community is quite large but has declined over time, due to the complexity of mining and the public's lack of interest in privacy coins.
Lack of utilities have become the main reason by the community why they were rejecting to use the privacy coin instead of ordinary coin in the market. The smartcontract protocol is more benefit for users rather than using the privacy protocol which was only focusing with privacy but lack of usability. People are so smart and they didn't wanna wasting their money into the something that doesn't have future 
It might be risky to invest in them right now, but privacy coins are not going away. They will likely go mainstream at some point, just as Bitcoin has. After all, privacy coins are just like any other crypto, just with an added layer of security and privacy. For now, though, it pays to keep a close eye on regulatory developments in Washington, D.C. Cryptocurrencies have always been subject to regulatory risk, and that is something that you should particularly keep in mind if you decide to invest in privacy coins.
I agree that it is somehow risky to invest in privacy coins since governments are frowning against them. So better avoid investing in them since we never know when will the government make a full-throttle of privacy coin clean up. We have seen not long ago that the government had already acted on the privacy coins listed on different exchanges forcing these exchanges to delist several privacy coins.
It might be risky to invest in them right now, but privacy coins are not going away. They will likely go mainstream at some point, just as Bitcoin has. After all, privacy coins are just like any other crypto, just with an added layer of security and privacy. For now, though, it pays to keep a close eye on regulatory developments in Washington, D.C. Cryptocurrencies have always been subject to regulatory risk, and that is something that you should particularly keep in mind if you decide to invest in privacy coins.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
Regulation really gives privacy coins a hard time in terms of adoption. The government are very wary of money laundering and often accuse cryptocurrency as the mean to launder money. Many exchanges delist privacy coins due to the fear of government action that may bring big problems to the exchange if they keep privacy coins in their listed cryptocurrency. This greatly affect the adoption and promulgation of the privacy coin.
Basically many people really like something that can maintain their privacy in any case. Including when someone makes financial transactions
if privacy can be maintained, they will feel more secure and comfortable. That's what finally created a crypto asset in the form of a privacy coin,
which is better able to disguise information, and that makes many crypto communities use privacy coins to carry out financial transactions.
So it's not surprising that some privacy coins are finally pumped up, because of the high demand for privacy coins. But many criminals abuse
privacy coins to make it difficult for the police. So the government finally tried to ban the use of privacy coins on several centralized exchanges,
which makes the demand for privacy coins decrease and finally now privacy coins are no longer profitable for investment. So the future of
privacy coins does not look good, and if anyone is planning to invest in coins privacy, think again, it will only cost us money.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
Regulation really gives privacy coins a hard time in terms of adoption. The government are very wary of money laundering and often accuse cryptocurrency as the mean to launder money. Many exchanges delist privacy coins due to the fear of government action that may bring big problems to the exchange if they keep privacy coins in their listed cryptocurrency. This greatly affect the adoption and promulgation of the privacy coin.
Some privacy coins we can't rely on, especially since they are always under government monitoring if the price can change to the highest value, but currently some investors keep a lot of these coins because they believe the future of privacy coins is indeed very promising so it is very likely that we can reap huge profits in the future, so this all depends on our respective beliefs.
I will choose with a big volume market if I have to, so if while out there have a coin with enough privacy such as bitcoin taproot, I will keep hold it until the decision. In every place, the government always take advantage, there's no place to hide from them.I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
Regulation really gives privacy coins a hard time in terms of adoption. The government are very wary of money laundering and often accuse cryptocurrency as the mean to launder money. Many exchanges delist privacy coins due to the fear of government action that may bring big problems to the exchange if they keep privacy coins in their listed cryptocurrency. This greatly affect the adoption and promulgation of the privacy coin.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
Funny enough people don't seem to realize that if they can come for privacy coins, they can come for every coin out there. All they need is an excuse for not being regulatory friendly enough. And their main concern in this isn't privacy, confidential transactions can be build to be regulatory friendly too, currently they aren't build for that though.
Private coins have long been subjected to general persecution by governments and, as a consequence, by centralized exchanges, which are forced to remove them from their listings due to pressure from regulators. It started a long time ago, back in 2018 (ZEC, XMR, DASH, etc.). Definitely, the cryptocurrency industry is moving towards total regulation and private coins will not find a decent place there, they will continue to be restricted and banned in every possible way.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
I can assure you that you have nothing to worry about. I look after Crypton CRP privacy coin from Utopia p2p https://u.is/ and it wasn't affected anyhow. The rate continues to grow and it's still available for mining and trading. Maybe the reason is own blockchain and decentralization, but I think it has to be a part of any really private coin. looks like the future of privacy coins is bad, I worked for privacy coins two years ago, they are hard to get hype even when the market is positive, but tend to be stable when the market is negative. The community is quite large but has declined over time, due to the complexity of mining and the public's lack of interest in privacy coins.
Of course, they don't as these coins are mostly controlled by some people and the owners themselves. Investing them is not worthy and not even profitable no matter how long you've been holding these coins. They are not bad actually compared to shitcoins but guess what, shitcoins are even more profitable than these coins. That is why if you look for something like earning money, it was not a smart choice to invest in them.And aside from that, they are prone to any market regulation which we don't like.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
But I don't think we can rely on them alone. The designs of existing and future privacy coins are so complex that it takes a lot of science and math to understand because using privacy coins to be anonymous is not the future. Privacy coins aim for privacy and avoid tracking transactions. We can achieve this without having to use privacy coins.
There’s a still a good reason on holding into a good privacy coin especially with Monero, though there’s a lot of regulations recently but I think they are still here in the market for the good reason, they still commit for the anonymous transactions and that’s the purpose of cryptocurrency, probably even if there’s another regulation they can still survive on that. Well, if you are already regretting on buying privacy coin then you can easily sell it and convert into a more good coins, it’s not too late yet.
Privacy coins can hide from regulation if the users are using decentralized exchange, but the question is how much do people trade Monero everyday? the price are depends on demand and supply, if the market is low, it will make the price decrease and it's not good holding for long term. I would be okay to use privacy coins just for hide my identity, but what I can see the price of privacy coins continue to decrease due to few popular centralized exchange delist privacy coins. 
There’s a still a good reason on holding into a good privacy coin especially with Monero, though there’s a lot of regulations recently but I think they are still here in the market for the good reason, they still commit for the anonymous transactions and that’s the purpose of cryptocurrency, probably even if there’s another regulation they can still survive on that. Well, if you are already regretting on buying privacy coin then you can easily sell it and convert into a more good coins, it’s not too late yet.
Monero enjoys the trust of users, which is why a new ATH has been installed in terms of the number of daily transactions - https://bitinfocharts.com/comparison/monero-transactions.html#3y. Obviously, this ATH is related to the update that took place on August 13, as a result of which the network will become even more reliable and stable.
I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not
There’s a still a good reason on holding into a good privacy coin especially with Monero, though there’s a lot of regulations recently but I think they are still here in the market for the good reason, they still commit for the anonymous transactions and that’s the purpose of cryptocurrency, probably even if there’s another regulation they can still survive on that. Well, if you are already regretting on buying privacy coin then you can easily sell it and convert into a more good coins, it’s not too late yet. Privacy coins are increasingly disappearing from circulation, I don't even see privacy coins that can dominate the market anymore, they are just privacy coins that have been around for a long time but don't get hype because of their difficulty in finding use cases. it's better if we invest in utility coins, they get hype faster.
There could still be some in that will continue to exist, but it will be a niche now, and whoever uses it, for privacy purposes will be alienated by some.
Monero will have it's fork if I'm not mistaken, so if the government thinks that they they are about to crack it, they go further one step by making it more difficult for blockchain analysis to track hence, it will continue to be the go to by individuals who like privacy or just wanted to hide everything from the public prying eye.
I don't think the government would focus on the things that they can't control and regulate because if so, they should have done it with Bitcoin before. I think they won't crack on blockchain anymore and just accept the fact that people prefer privacy and security over regulated currencies. However, I don't think all privacy coins have the potential. Some of them are turning into a rag while others are trying to survive the bearish season.
Not sure if it's the right or wrong decision but governance would attack that. Because it's fully untraceable which is disliked by a centralized government. I have read government trying to seize the mixer. Who knows if the next target privacy coin projects? I am not holding any privacy Coin at all. You should be aware holding any crypto is risky. It would become zero at any time like Luna.
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