The future of privacy coin is not looking good - page 2.

Jackl87

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

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 definitely agree with you, that at the moment the focus in the crypto space is definitely not on the privacy coins. At the moment everyone is still talking about Defi, NFT's, metaverse, play to earn and whatever had a big hype wave in the last year or so. The next big thing that can be interesting in the crypto market can be Web3.0 so i think that privacy coins will stay out of the focus of most crypto investors for at least a little longer. Every trend has it's time and the big privacy coins like Monero and Dash are still here, but the big hype around them was around 2017 or 2018 if i remember correctly. That does not mean though that if we enter a bull market again, that you can not make big gains with the privacy coins that you are holding now.

TheClownSong

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it seems that the privacy coin has always been against the government. I used to just think this coin has a slow trend because the privacy part of the coin doesn't have the hype like utility coins. but with various government regulations also making privacy coins very difficult to move around, it would be better to choose to invest in coins that are high hype or have good utility.

did you see when war between Rusia and Ukrania happen , privacy coins price increase ? it will be usefull in this kind condition , so government will never could banned it because its demand good enough. investors will safe this privacy coin for their business, sometimes using fiat or other crypto currency was not safe so this is the solution.

Wildwest

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All of us who are already in the crypto world certainly have their own privacy coins, but not all privacy coins have potential and this has become a risk for all of us, so every time we choose a coin we must be ready to accept every problem, because every year some coins must have updates so monitoring at all times we must monitor, and the government always monitors the movement of privacy coins and is always under close supervision.

btc_angela

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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.

|MINER|

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

~snip~

If you see in the beginning the governments were not taking the currency as good. Gradually the situation has changed now many countries are taking them as legal tender.Yes I know You can't call all general crypto coins as privacy coin. Because all crypto coin don't hide a user's wallet balance and address. If I talk about top privacy they already have good place and giving good service . So if you are looking for privacy coin then select top the top pair .You can take XMR for this They have already held a good position .

gunhell16

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

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

For that matter I respect whatever privacy coins you choose to hold. Just for me, holding altcoins that are not private coins is still better. And the majority of the community here in this industry knows that the chances of our income are better with cryptocurrencies that are not private coins. Although, all crypto is a risk, but private coins are always at risk. This is just based on what I have observed and seen in the movement of the crypto space.

Quote from: ?? on ??

Privacy coin is always linked with the criminal activities. There's no doubt if using this as investment would be a boomerang for us. If you wanna get profit from your investment and why don't you pick utility token instead of privacy? that will give you a lot of profit since anyone will need it. I just wanna to tell you if sometime it can be a big problem and being a risky investment for your money. The regulators can come anytime.

Absolutely correct, This is one of the reasons why you don't want to invest in private coins because it is too hot in the eyes of the exploitative people here in this cryptocurrency business industry. If that's why we're here, we should be there because we know it's safe and right to invest our capital in the crypto we're going to buy, after all, there are many options we can choose from that can give us good profits in the future.

israt1@

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You tell me first, are you keeping these coins for work? If you are keeping these coins for profit, then it is better not to keep them. All these coins are not very hype. And if you think you are keeping them for some other bad purpose, then you should go away. Some time. Will face problems

dansus021

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When a centralized Exchange companies like binance has made a co-operation with the government in there the privacy coin will gone I know exchange not popular enough but after they conduct all user to do kyc they start to delist the privacy coin like zcash and monero.

after the tornado cash gone it is very hard to cover our privacy, the hacker in the other hand make even worst move they wash their money and maybe started to dump all coin that they hacked ~ note for hacker : Please if you want to improve security be a white hacker take the bounty and done

Sarah Azhari

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

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

Government can't intervene in your investment while you keep it in your wallet that only you can access. so what kind of your worry?, except if you hold it on the centralization exchange where the government anytime can close it.

yhiaali3

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Of course not, privacy is essential in Crypto but governments hate it, governments want to control and know everything about you but that doesn't mean we have to do that, privacy is our right as long as we don't break the law and don't do wrong things, these "privacy coins" keeps our privacy well so I don't think it's wrong to use it.

Ararbermas

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Quote from: bonyaserg on August 15, 2022, 09:40:44 AM

I believe that if you have private coins, then in the future these coins will be able to make a profit. And don't worry, these privacy coins will still make a lot of money. Cryptocurrency is a digital technology with a great future.

not all, because there are some private coins that until now still floating at the button while some are making progress.. So be aware! Much better to rely which is more reliable nowadays and still promising if you really want to make profits in the future when it comes private coins. Don't just base on the security, check their potential as well especially long run..

bounceback

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

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 don't think it's worth it anymore if you expect huge profits investing with privacy coins because since the government issued regulators on cryptocurrencies, many investors are no longer interested in privacy coins and so far, if we look at almost all privacy coins in the market, they rarely experience any price pumping. because it is no longer attractive as an investment.

Silberman

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

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

If your intention was just to invest in those coins in order to obtain some profits then without a doubt that was not the best choice that you could have taken, the majority of those that are using privacy coins at the moment are the ones which are very interested in the functions those coins offer regardless of the price at which they can be exchanged, so if you don't already have any need for those coins I will suggest that you sell them as soon as possible and then you get some other coin which better fits your criteria.

Ayers

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Quote from: ?? on ??

it seems that the privacy coin has always been against the government. I used to just think this coin has a slow trend because the privacy part of the coin doesn't have the hype like utility coins. but with various government regulations also making privacy coins very difficult to move around, it would be better to choose to invest in coins that are high hype or have good utility.

it is not against the government but because it is so private it becomes the target of the legislature, privacy coins are very easy to be used by criminals, privacy has become both the pros and cons of these coins

most privacy coins like monero are old generation coins so the hype is almost gone, holding them is very difficult to make a profit, i think op should sell them and move on to newer potential coin investments

Kelvinid

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

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

Don't after them as they are not profitable. Their market price is quite moving down and even during the bull season, these privacy coins had never grown that much, in fact, whales have no interest in them for they are not worth enough if we talk about investment. Not really a bad choice but for some reason, this is not a smart choice either. You'll just be keeping coins like collectibles and the value is eventually declining and prone to be regulated by the government. For me, it was still best to consider the top coins in the CMC, or you can just have BTC only if you want.

TastyChillySauce00

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You can put the lowest percentage in your investment, 5 percents were enough for that. Investing in the privacy coin looks like a bad choice caused by as it was an opposite to the regulators and it was also lack of utilities. You must aware if it will give no small benefits.
people are only using it to hiding their identity but since it will always be going to the centralized exchange site and there's no need to use the privacy coin anymore. This will not relevant again.
People are using this for long term investment which is wrong.

Slow death

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

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?

I'm sorry to have to tell you this, but it's clear you made the wrong choice. unfortunately the future is KYC, there's nothing you or I can do to make sure we don't have KYC, all we can do is respect KYC. look at the whole system: bank - exchange - wallet that is: the person creates a bank account, the person puts money in the bank, the person creates an exchange account and the person buys bitcoin on the exchange with the money from the bank account, all this was KYC is required and then the bitcoin arrives in the wallet. then the person wants to pay water in their country, so that person sends bitcoin from the wallet to the exchange where they made KYC and then withdraws to the bank where they made KYC. so it's clear that the future will be KYC

Quote from: S3300 on August 15, 2022, 08:59:05 AM

Is this something to worry about? Or not

Of course you need to worry, because in the long run your coins won't increase in price much, because KYC won't disappear, governments won't change their mind, on the contrary they will be tougher with these anonymity altcoins

strunberg

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Quote from: S3300 on August 15, 2022, 08:59:05 AM

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 dont this so , privacy coins will be very usefull if we look current geo political condition , while government trying banned cryptocurrency or regulate it , our assets will easily hidden by this coin. government may regulate our cryptocurrency but as long as they didnt track it it will secure for us. in future privacy coins will be new trend again , since alot war potency in our world.

Yogee

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Quote from: ANSEL_2.0 on August 15, 2022, 11:04:41 AM

The blame is on the privacy coins developers because they build the system and still reveal who they are to the world, stupid, they never learnt anything from Satoshi's idea, the only reason why Bitcoin isn't been target is because the founder is unknown, that man is smart and saw all this coming.

You are wrong on that. The Bitcoin blockchain is transparent and they have platforms like Chainalysis that can trace transactions over the network. They're still not okay with the use of mixers but they are not bothered with normal on-chain transactions anymore.

Monero continues to be the an eyesore to Government regulators because it remains untraceable. They will continue to target it regardless if the developers are known or not.

dothebeats

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Privacy coins are an extreme niche that caters to only a select few people that wants it. In the grand scheme of things, these coins are left out since they offer little return on investments, and that they are hugely a target of the governments, making the buyers of these coins uneasy as if someone is always on the lookout for them. Also, there isn't that much of a market on privacy coins save for a few percentage on the total crypto market. Investment wise, this isn't really the best option to put your money on. But if you're just looking to make a transaction super discreet and you're looking to do it only once, privacy coins are for you (because apparently crypto mixers have become a huge target for the government when compared to privacy coins.)

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