What's wrong with Privacy Coin? | Bitcointalksearch.org

Yaunfitda

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Quote from: Master of Shitcoins on February 05, 2022, 07:22:23 PM

Privacy coin has not a very high demand recently, so people are avoid to buy it.
Maybe because privacy coins are old and outdated while more innovative coins exist.

I think that's the keyword, there is no demand for privacy coins. Primarily because people are not concern about their privacy simply as that. They want fast moving and easy money grab.

Quote from: Master of Shitcoins on February 05, 2022, 07:22:23 PM

Privacy coins were famous a few years ago, when dar knet money needed to be secured. Today, dark net is irrelevant and privacy coins have lost fame.

Yes, when the concept is very new, investors tends to flock on them. But when the market is saturated it become evident that they are no longer interested and it's hard to trade and there is no money to be made because that is not the purpose of privacy coins in the first place.

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Quote from: SirLancelot on February 07, 2022, 04:31:34 PM

Quote from: bittick on February 07, 2022, 12:47:57 PM

Useless coin. I tell you the fact. You will always need centralized exchange site to cash out your money once you got profit from doing various things in crypto and why do you need privacy coin? None cares about privacy coin anymore. Being anonymous didn't mean you will not able to be traced. People are using CEX as main gateway to put their money or take back their money to their bank accounts.
There's no point other than p2p transaction to keep privacy coin to be exist in the market. Privacy coin is totally BS right now.
Don't be so mad but this is the reality. People care about utility and not privacy. It's so pathetic to see that even meme tokens more valuable than privacy coin.

That is obviously something that you would be able to say only if you are either doing something legal, or you are doing both legal but also paying your taxes without a worry. There are two types of people who use privacy coin, they either do something illegal, like sell drugs on darknet etc etc type of stuff, or if they do not do that then even if they use it for legal stuff, they just want to keep their amount hidden from the government in order to avoid taxes.

Yeah i know that but even if they wanna hide their money use privacy coin and they will always be dealing with the tax when they wanna take their money to their bank account. If that's the main intention for people to hide their money and basically pseudonym is more than enough.

Quote from: SirLancelot on February 07, 2022, 04:31:34 PM

If you do none of those things then you would not feel like that would be something that you should care about. Obviously it is not end of the world if you still use it without any of that, but people like me and you do not need them.

that's why the price of privacy tokens are doing down a lot. We didn't need it and we are leaving it. That means the demand was also decreasing. This is also giving the privacy coin a long term impact.
The mimble wimble implementation by litecoin proves that of this time privacy is nothing

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Crypto is moving to mainstream. I may as well ignore privacy coins if I was a newbie and I would like to start my crypto journey for the sole purpose of making profit. I probably would have never known about privacy coins at a time when meme tokens and Metaverse are the trend. Just imagine how many newbies would think of the same thing.

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Quote from: bittick on February 07, 2022, 12:47:57 PM

Useless coin. I tell you the fact. You will always need centralized exchange site to cash out your money once you got profit from doing various things in crypto and why do you need privacy coin? None cares about privacy coin anymore. Being anonymous didn't mean you will not able to be traced. People are using CEX as main gateway to put their money or take back their money to their bank accounts.
There's no point other than p2p transaction to keep privacy coin to be exist in the market. Privacy coin is totally BS right now.
Don't be so mad but this is the reality. People care about utility and not privacy. It's so pathetic to see that even meme tokens more valuable than privacy coin.

That is obviously something that you would be able to say only if you are either doing something legal, or you are doing both legal but also paying your taxes without a worry. There are two types of people who use privacy coin, they either do something illegal, like sell drugs on darknet etc etc type of stuff, or if they do not do that then even if they use it for legal stuff, they just want to keep their amount hidden from the government in order to avoid taxes.

If you do none of those things then you would not feel like that would be something that you should care about. Obviously it is not end of the world if you still use it without any of that, but people like me and you do not need them.

bittick

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Useless coin. I tell you the fact. You will always need centralized exchange site to cash out your money once you got profit from doing various things in crypto and why do you need privacy coin? None cares about privacy coin anymore. Being anonymous didn't mean you will not able to be traced. People are using CEX as main gateway to put their money or take back their money to their bank accounts.
There's no point other than p2p transaction to keep privacy coin to be exist in the market. Privacy coin is totally BS right now.
Don't be so mad but this is the reality. People care about utility and not privacy. It's so pathetic to see that even meme tokens more valuable than privacy coin.

shawon01

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What I can see here is that the selling point is very watery and it is very attractive to many traders but it is very secretive but it has been marketed for a long time and there are many types.
From the population seeking help and not getting enough attention and not getting many benefits here also makes it difficult for common people to use privacy currency and how the last half here they have so many benefits here.

Pejoh Asu

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Quote from: Master of Shitcoins on February 05, 2022, 07:22:23 PM

Privacy coin has not a very high demand recently, so people are avoid to buy it.
Maybe because privacy coins are old and outdated while more innovative coins exist.

Privacy coins were famous a few years ago, when dar knet money needed to be secured. Today, dark net is irrelevant and privacy coins have lost fame.

Yes, the trend is always changing, when the initial emergence of Monero, ZCash, NEO or others made the demand continue to decline, and the current trend of course is NFT, Metaverse or others. and for me the most important point is to buy with the hope of big profits and most of the coin privacy is not too focused on profit.

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Quote from: LostEcho on February 05, 2022, 01:42:47 PM

Nobody cares about privacy coins since 2018 mate, investors prefer to go after what's trending presently just to make better money out of them, privacy coins are very useful so if you holding any do not give up I believe their time will come, at one time in future privacy coins will be reborn.

I do agree with your opinion about the privacy coin. The main thing is lack of utility and feature compared with the non privacy coin like defi, metaverse or play to earn token. Privacy coin against the regulation. I do believe people will be following the regulation instead of using privacy coin. So many accusations to the privacy coins being used for the various criminal activities. This makes it look so bad.

Quote from: Master of Shitcoins on February 05, 2022, 07:22:23 PM

Privacy coin has not a very high demand recently, so people are avoid to buy it.
Maybe because privacy coins are old and outdated while more innovative coins exist.

People are moving to the new trend to make more money. keep waiting and seeing privacy coin gone down from time to the time will make them all feel desperate with it.

Quote from: Master of Shitcoins on February 05, 2022, 07:22:23 PM

Privacy coins were famous a few years ago, when dar knet money needed to be secured. Today, dark net is irrelevant and privacy coins have lost fame.

Yeah and that's why people are massively leaving it.

Master of Shitcoins

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Privacy coin has not a very high demand recently, so people are avoid to buy it.
Maybe because privacy coins are old and outdated while more innovative coins exist.

Privacy coins were famous a few years ago, when dar knet money needed to be secured. Today, dark net is irrelevant and privacy coins have lost fame.

yhiaali3

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Everything has its own time, this is the time of Shitcoin and not the time of privacy coins, privacy coins like Monero and Zcash had a golden period in the past but they are no longer interesting to anyone now, people in this time are not looking for privacy but looking for quick profit so Shitcoin is the preferred choice now, this is the time for Shitcoin, Metaverse, NFT and DeFi projects so look for your opportunity among these categories. But personally, I expect the hype caused by these Shitcoin to end soon and people will return to invest in the old coins that have maintained a good rank in the market.

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

During this bull run majority of the shit coins had an unexpected huge rally and majority of the solid projects are not moving like we thought it would and that is the case with privacy coins, majority of the investors do not see them as an investment because they might fear that the government might come up with regulation and hence those privacy coins are not rallying.

LostEcho

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Nobody cares about privacy coins since 2018 mate, investors prefer to go after what's trending presently just to make better money out of them, privacy coins are very useful so if you holding any do not give up I believe their time will come, at one time in future privacy coins will be reborn.

Lubang Bawah

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Investors do not have time to research in detail and fanatically with a particular coin. I think the most important thing for investors is big profits and clear long term expectations, privacy coins are difficult to get investor support because it is not a new concept, previously there were a lot of privacy coins and because they couldn't adapt to the current conditions they were like dead.

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Quote from: Ozero on February 01, 2022, 12:28:29 AM

Quote from: mindrust on January 30, 2022, 02:54:28 PM

Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

The governments don't like them, the exchanges don't like them, the casinos don't like them... These are slowing down the adoption of the privacy coins and you know when they don't make the sharp moves like the other alts, the investors don't like them neither. So, in a sense it looks like a death spiral for them.

When legit investors and businesses don't show enough love for those projects, the only supporters they got are drug sellers & hackers and that's not the best thing happening to them.

Privacy coins are increasingly coming under the scrutiny of governments and their regulators as they are the most commonly used for illicit transactions. Already, some of them are prohibited for circulation and, apparently, this scares off investors. In the future, regulation by states will only increase. Privacy coins will always be in demand, but more and more governments will drive them into the shadows. Because of this, they partially lose their attractiveness.

Well, mainly I think that these regulations have been taken with more force today, but in the case of Monero no, if you look at only those who enter the deep web, what is handled is only monero and bitcoin, and there are decentralized exchanges that do that the money cannot be tracked, they already make the exchange difficult to track, and by entering the deep web and using monero I think they make it much more difficult, despite the FBI, NSA, and many other agencies, they can track through BTC, but through monero I haven't seen anyone get caught.

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.

Even newbies prefer to invest in the new shit token rather than privacy token. It's caused by shit tokens can be very volatile and it's not the same like the privacy token which is dying slowly. Privacy token is coming to its end. Any protocol can implement their own privacy protocol without needed to buy a specific token that focused to be centralized.

Quote from: RapTarX on January 28, 2022, 01:29:17 PM

What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

The wrong thing with privacy token is, only focusing to develop the privacy protocol while we need more than it. We need finance app and many more. Privacy protocol can't do that. that makes use moving to the another tokens like defi, metaverse and many more. These tokens looks very attractive.

Ozero

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Quote from: mindrust on January 30, 2022, 02:54:28 PM

Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

The governments don't like them, the exchanges don't like them, the casinos don't like them... These are slowing down the adoption of the privacy coins and you know when they don't make the sharp moves like the other alts, the investors don't like them neither. So, in a sense it looks like a death spiral for them.

When legit investors and businesses don't show enough love for those projects, the only supporters they got are drug sellers & hackers and that's not the best thing happening to them.

Privacy coins are increasingly coming under the scrutiny of governments and their regulators as they are the most commonly used for illicit transactions. Already, some of them are prohibited for circulation and, apparently, this scares off investors. In the future, regulation by states will only increase. Privacy coins will always be in demand, but more and more governments will drive them into the shadows. Because of this, they partially lose their attractiveness.

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

As of now cryptocurrencies are used for trading not for the utility so people don't look at the technology and anonymity they just want the most trending because which has chances to give returns in the short term. Another reason possibly could be the government regulations which forced some reputed exchanges to delist some popular privacy coins like Monero so people are afraid of trading the privacy coins but in future when people give more importance to the privacy not the volatility it will have its place.

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Quote from: jostorres on January 31, 2022, 11:14:06 AM

Quote from: mumang siat on January 31, 2022, 04:28:25 AM

Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Such coins do not have a mature development concept, so it is difficult to achieve new ATH, in contrast to bitcoin, where they are more successful in making changes, both development, team and future target, shitcoin does not have a basic concept with expected development, meaning This kind of coin is made not based on long term prospects and desires, so there is a clear difference between the two.

Does not have a mature concept? Will that means that this coin is new? But, why not gave more time for this coin to improve and maybe someday it will show its worth but no mate this is not a shitcoin I think you miss understand what the OP wrote but the OP only compares this coin to a shitcoin because shitcoins are more popular than it despite the fact that a coin is being advertised in google ads.

Speaking of google ads I heard that it has some restrictions, I think that affects the exposure of this coin while shitcoins are not promoted in google, obviously because google wont allow such scams but there is more than promotions that affect the coins performance .

If we hope and have to give it such a long time, why are we waiting for shitcoins, isn't there in the market there are still many coins that can strengthen in the short term, I'm not saying shitcoins are similar to others, I mean this coin has no increase in the short term for we take advantage, even though the opportunity to invest is quite a lot and even a lot of coins can be exploited, then why wait for shitcoins for so long?

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Quote from: mumang siat on January 31, 2022, 04:28:25 AM

Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Such coins do not have a mature development concept, so it is difficult to achieve new ATH, in contrast to bitcoin, where they are more successful in making changes, both development, team and future target, shitcoin does not have a basic concept with expected development, meaning This kind of coin is made not based on long term prospects and desires, so there is a clear difference between the two.

Does not have a mature concept? Will that means that this coin is new? But, why not gave more time for this coin to improve and maybe someday it will show its worth but no mate this is not a shitcoin I think you miss understand what the OP wrote but the OP only compares this coin to a shitcoin because shitcoins are more popular than it despite the fact that a coin is being advertised in google ads.

Speaking of google ads I heard that it has some restrictions, I think that affects the exposure of this coin while shitcoins are not promoted in google, obviously because google wont allow such scams but there is more than promotions that affect the coins performance .

mumang siat

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Such coins do not have a mature development concept, so it is difficult to achieve new ATH, in contrast to bitcoin, where they are more successful in making changes, both development, team and future target, shitcoin does not have a basic concept with expected development, meaning This kind of coin is made not based on long term prospects and desires, so there is a clear difference between the two.

Jawhead999

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1. Privacy coins hard to get listed in many centralized exchanges, unlike other coins can easily listed.
2. People mostly doesn't really care with privacy and had no intention to buy privacy coins.
3. There's already a lot top privacy coins e.g. Monero and Zcash.

Above is the reason why new privacy coins are less interest and can't reach new ATH, there's no wrong with privacy coins... just less adoption only.

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Well one reason for could be that when tech is purely used to escape regulations, regulators might just demand that these coins are not going to be accepted in any CEX they work with. And since they work with most, blow would be devastating for holders. Then again not everyone thinks this way and see privacy essential to payment options.

joeperry

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For some people they find it useful but many people were not that fan of privacy coins, most casinos and gambling sites don't like them just like one user here the governments too doesn't like them since they can be used for money laundering and illegal transactions and only few people who are concerned on their privacy. Some people doesn't need that much privacy so Bitcoin and other coins were enough to make transaction rather than choosing privacy coins.

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Quote from: michellee on January 30, 2022, 09:42:35 PM

The investors do not have the intention to invest in privacy coins instead try on the new trend that we know, the current trend now is NFT, metaverse, and meme coins. So they do not interest or think much about privacy. Besides that, they think that privacy is long gone and it seems not to use for them. But nothing wrong with privacy coins as we know that XMR and ZEC are more popular than NAV coins. It seems NAV coin is hard to reach their new ATH unless there is an update from the project that they do something exciting.

Yes, I agree with you, at this time the crypto market is very different from before where currently their investors will certainly be more interested in investing with coins that are trending in the market because by following the trend they are sure they can get bigger profits in a short time.

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The previous bull run is not like the bullrun of 2017 which most coins are going to their ATH, this 2021 bull run didn't really make altcoins burst. I think most altcoins are not reaching a new ATH. I was also into privacy coins before which I was holding Komodo (KMD). It's not a very popular compared to XMR but the price hit $11 in 2017 but it's $4 in 2021 bullrun. It could mean that they are still shitcoins like they said, BTC is the king.

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Privacy coins boasted for its untrackable transactions but it also serves its weakness since regulations calling for a total ban because its being used for money laundering, its hard to trace on what wallet will the coins go.

Jating

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

It's been frown upon by exchanges, because of the pressure from governments. As we all know those privacy coins are hard to try and perhaps it is being used by criminals and terrorists around the globe to hide their tracks.

Plus this news: https://news.bitcoin.com/chainalysis-and-integra-win-1-25-million-irs-contract-to-break-monero/

So they are being persecuted right now so it make sense for investor not to put their money on any privacy coins. As it won't give them profit even if they hold on it for a long time.

yazher

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This is simple logic since not every coin out there will reach its ATH if the investors don't really want to join the bull run. Looks privacy coins are not really essential for investing due to this kind of flaw no matter how many influencers on Youtube promote them with any kind of click baits. I've been into XMR too but the current price is too high for me to even invest since I can only afford low investment, I prefered to invest in NFT coins or Meme coins which are cheap and trend right nowadays.

GreatArkansas

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

(....)
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

For me, it is the project itself that got the problem, so don't generalize all privacy coins.
Before privacy coins are useful and for me, the best privacy coin is Monero (XMR) and the rest seems to become almost the same.

Another thing is that privacy coins seem to be more redundant than cryptocurrency, we all know how crypto works and you can say it is already privacy especially if you make a transaction.

michellee

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The investors do not have the intention to invest in privacy coins instead try on the new trend that we know, the current trend now is NFT, metaverse, and meme coins. So they do not interest or think much about privacy. Besides that, they think that privacy is long gone and it seems not to use for them. But nothing wrong with privacy coins as we know that XMR and ZEC are more popular than NAV coins. It seems NAV coin is hard to reach their new ATH unless there is an update from the project that they do something exciting.

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Quote from: superman184 on January 30, 2022, 02:38:58 PM

Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

This is not something strange. Many other coins will not reach ATH by the 2021 bull run.

What are you talking about? so many defi tokens and even meme tokens reached ATH. Im not even mentioning metaverse and game token based on play to earn. These kind of tokens were also reaching new ATH.

Quote from: superman184 on January 30, 2022, 02:38:58 PM

NAV coin has reached the highest ATH in 2018 at a price of $5.5, of course to surpass the next ATH the developer must find new investors who are loyal to the NAV coin.

The era for nav coin already ended and so many new tokens have better utility than nav token. I see that this token was so popular a few years ago but investors have been moving away to the new platforms with more utility and benefits. They were not doing something wrong with it.

Quote from: superman184 on January 30, 2022, 02:38:58 PM

I think the existence of NAV koi has little effect on the blockchain system. Likewise with Ripple which was unable to reach ATH in the last year.

It doesn't even give any impact to the blockchain ecosystem. Ripple have been facing so many problems since a few years ago. Expecting new ATH was the worst prediction for ripple.

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Their selling point (privacy) isn't very much appealing to a lot of traders. Enhanced privacy on alts have been marketed for a long time now, and they don't seem to get enough attention and care from the general trading population of the market. Also, it kinda makes it "difficult" for normal people to use privacy coins due to the enhanced privacy aspect of the coin which might sound counter-intuitive but that's the reality of it. Lastly, it also depends on how the developers advertise their coin. They have to generate hype for the coin effectively, else their token will just stagnate.

jeungo

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A common problem with anonymous coins is that the trend is to understand the client who owns this money, those large coins that managed to collect money and keep it at the expense of the black market. You should not expect them to fall, unless large wallets with these coins are hacked.
A common problem with anonymous coins is that the trend is to understand the client who owns this money, those large coins that managed to collect money and keep it at the expense of the black market. You should not expect them to fall, unless large wallets with these coins are hacked.

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

The governments don't like them, the exchanges don't like them, the casinos don't like them... These are slowing down the adoption of the privacy coins and you know when they don't make the sharp moves like the other alts, the investors don't like them neither. So, in a sense it looks like a death spiral for them.

When legit investors and businesses don't show enough love for those projects, the only supporters they got are drug sellers & hackers and that's not the best thing happening to them.

superman184

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Quote from: RapTarX on January 28, 2022, 01:29:17 PM

I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

This is not something strange. Many other coins will not reach ATH by the 2021 bull run.
NAV coin has reached the highest ATH in 2018 at a price of $5.5, of course to surpass the next ATH the developer must find new investors who are loyal to the NAV coin. I think the existence of NAV koi has little effect on the blockchain system. Likewise with Ripple which was unable to reach ATH in the last year.

JonsonMorris

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Privacy coins have come under intense scrutiny by regulators around the world in a bid to crack down on the privacy coin fueled black markets. Australia and South Korea have banned exchanges from offering privacy coins, while Japan has banned them outright. Laws enforced by regulators to combat money laundering can continue to make life difficult for privacy coin users. These include the FATF Travel Rule and the European Union's AMLD5 Directive.

JeffBrad12

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Leading Crypto Sports Betting & Casino Platform

Quote from: RapTarX on January 28, 2022, 01:29:17 PM

What's wrong with Privacy coin?

Nothing wrong with the privacy coins but the era for the privacy coin already ended. As far as i know, privacy coin is quite different from another altcoin that was focusing on the defi, web 3.0, or even metaverse. Privacy coin lack utility and people didn't even need it anymore. I remember the golden age for the privacy coin when PIVX, Verge, and so many privacy coins were mooning but this time is different PIVX didn't even have a big daily trade volume and I'm sure that people have been leaving it and verge was also getting dumped so hard. Monero and zcash are only privacy coins that can still exist right now.

Quote from: RapTarX on January 28, 2022, 01:29:17 PM

Why couldn’t they make a difference? Any idea?

The protocol that used by privacy coin didn't give ability to be used to develop the dapps. i think this is the reason why privacy coin is not getting demand right now.

vv181

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Some may find it strange that particular altcoins that offer privacy which it truly gives utility aren't comparable to shitcoin coins in terms of price. Which I also thought so. I don't know the altcoin that you mentioned, but if look at XMR the last bull run are almost in touch with the previous ATH in Coingecko, while on another hand it reaches a new ATH on CMC.

I believe that privacy coins will have their own niche and purpose in regard to maximizing anonymity or privacy. While it doesn't need any hype to keep going on, I think it has a place for some people about what/which privacy coin to use. In contrast, shitcoins essentially need a hype that promises you a wonderland to keep going on. The idea of getting rich quick or providing a better "utility" goes into mainstream minds that are able to deceive most people. And also, the thing that most of the people aren't bat an eye into their own privacy or maybe regulatory pressure may be slowing down the growth of specific nice cryptocurrencies like XMR.

RapTarX

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I was looking for some information on a website and found a google ads about NAV coin. I tried to learn more about this and found that it couldn’t make an ATH in the bull which seems quite weird. Most of the shitcoins ecen did their ATH. Later on, after spending some time behind privacy coins, I came to know that most of the privacy coins couldn’t perform as expected or at least not even as closer to the ATH or what other altcoin aka shitcoin did.
What's wrong with Privacy coin? Why couldn’t they make a difference? Any idea?

Topic: What's wrong with Privacy Coin? (Read 246 times)