Bitcoin Forum

Why are people holding on to

Monero, Zcash, and Dash

Owning these coins could result in HUGE LOSSES!

This news has been out a while and if I had any I would not take the gamble: I would sell!

Japan’s  Financial Services Agency (FSA) is getting stricter as it has been reported that the regulator is pressuring the cryptocurrency exchanges to drop the privacy-focused cryptocurrencies viz. Monero, Zcash, and Dash from their platform.

https://coingape.com/crypto-exchanges-to-delist-zcash-monero-dash/

Purhapse for others but i don't think DASH will discrese ... it's growing each day.

We are very used in the forum to all short of FUD, and particularly if it comes from institutions that were too lazy to develop a system like the one that was generated with Bitcoin and alts.

Japan, China, South Korea are always spreading news like this that they will regulate or even ban crypto because they are affecting their country market or whatever. They even take some measures and after some time they back up.
I don't believe in those rumours, and even if big exchanges will have to accept state intervention I believe that they will relocate in order to keep their clients. It already had been done so...

The Japanese want to delist it!
If it is delisted people will have big losses!
You say, “ I think”
The Japanese will delist and in the future all anonymous coins will have to be delisted everywhere: Bright ass! Wake up and learn bitch!

Not gonna happen, stop the FUD  :)

Do you think the EU and US will allow anonymous coins forever: If you do you need to book yourself into a mental hospital!

That growth will stop quickly if the coin would be untradeable at most or all exchanges.
Hoping it's just fud because I'm invested in a few, but I wouldn't be surprised if this is really going to become a thing.

It is not FUD, do your own research!
It is a very serious matter!

the price could be down because of this rumors, but for a while
i believe privacy coins is the best cryptocurrency
because everyone need their privacy protected  ;)

The first goal of cryptos is to be anonymous ! and all cryptos will go at this way in the futur ... even bitcoin with the introduction of shnorr etc....

Yes that's right and this kind of topic are like a FUD.
We know that the value of cryptos are always fluctuations and it's a normal if its decreasing because it will increase again.

Even the Banks blockchain (Corda) shares no transaction data and has private transactions.
Ever private person has the same right to only share transaction data with the other participant, if i would not know him/her i would not sent the cons.

LOL i know that about how do you feel about the majority of people are talking bullshit right now about that and consider it as FUD. I have seen in a lot of news if it comes to the consideration how japan regulator will give an obligation to the exchange site to delist anonymous coin or not. But AFAIK you can see the majority of them can't comply with regulatation to avoid money laundering.

maybe people who create that article is really want to buy Monero, Zcash and dash in cheap price
so, they make this rumours,, and the FUDers will share it to make a panic and the weak hands will sell all their coins
when the price is down, the FUDers will buy in cheap price  :(

Yes, that's a concern, too, because countries are increasingly strict about anonymous tokens.
So the risk of investing in anonymous tokens is far greater than investing in other tokens.

Every cryptos are have a different potential to growth, if it's slightly or huge potential. Monero, Zcash and Dash is a good coin and I don't think it will going zero soon. It's only a FUD.

That coin being stated are already a popular crypto coin, however it has only belong on the lower level of price value compare to bitcoin, but they are performing very competitive coin on the market, however only few people who adopt and invest on that coins, but it is impossible also that soon monero, Zcash and Dash would come to zero value. Because it forms already a known coin on the market and there are also people who wants to invest on that coins because they believe that it forms a good future of income and develop high price in the future.

I do not think that this is a rumor. Japan is really very concerned about everything that happens on their exchanges. In January, a commission was set up, which checked all exchanges. Also, this commission was tasked with preventing operations related to theft. I think that the possible ban of these altcoins is related to the decision of this commission. I do not think that the value will drop to zero. Since Japan is not a monopolist in the stock market. However, this can serve as a signal for other countries. After all, everyone is fighting money laundering and terrorism.

If Japan financial authorities makes a decision on privacy coins,it doesn't mean the coins will be worth zero. Japan portion of world cryoto is negligible so their decision won't have a bigger impact.

Same can be said if you trully belive that some coin is actualy anonymous if his dev is know,you really think that zokoo and fluffy pony didnt have a visit from guys in suits buy now demanding to have backdoor/decription keys for it and it return not sending them in jail for 40 years?

Japan might make some news and some exchanges are going to delist anonymous cryptocurrencies, but there're also other states and other exchanges which are not going to care. I think this news can lead to 20% drop of the prices, not more than that. For people are likely to simply transfer their coins to other exchanges instead of selling them. In this case nothing is going to change much.
Binance was warned and Japan tried to make it delist these coins, but they just moved to another country instead. We're not in the kind of world where some govs can decide these things and make intrusions into the the area of private business.

I think Japanese FSA's decision has the right move, for being anonymous is not quite desirable. Undetected and untraceable transactions of cryptocurrencies has a lot to do for contributing to the underworld activities like in the darkweb. Bitcoin was used to be the main exchange for the darkweb long before but it was already busted by the authourities but now these private-focus altcoins like ZCass, Dash and Monero are other alternative options for darkweb and other illegal actions which are more anonymous than bitcoin so more of their transactions are harder to trace by the authority.

Japan is the biggest player in the crypto market: Dumb ASS

no i don't think so due to the decentrakised nature of crypto somehow will find a way to market private coin privacy and experiment in privacy still needed in the blockchain space :)

I agree with what you stated completely. Op clearly needs to improve his knowledge since this is not something new in the crypto market. FUD like this is a common occurrence which is something I normally shrug off since I know the potential of the coins that he mentioned and I know that they are here to stay. Monero and Zcash are 2 of my favorite anonymity based coins while Dash is ok in my honest opinion. Don't believe everything you read on the internet op.

relax don't panic how you can sure that the news link you can share are 100 percent credible about the news, some people making fuds news to make panic and people sell their investment.

to make sure if you have zcash monero dash you need monitor your coins if they have potentially goes dump i just remain those people investigate first before make a decision for the righteous of their investment, as i know the said altcoin are in the green in the coin market cap.

I think that these bans are all manipulations, and these coins will be expensive because their crypto society loves anonymous coins

Looks like Monero was added to Circle Invest. I don't think XMR is going anywhere. Lots of great privacy coins like Dash, Zcash, and Galactrum will always be feared by some governments because they can function as cash.

But if you want to hedge your bets, Verge can be public or private, up to you.

Japan is a vital market, but still I don't think that courses of Dash and Monero will be affected so strong; maybe we will experience a slight loss, but nothing more serious.

I do not think if Japan suspends their trading on their local exchanges then it can effect these projects in a big way, as people will be free to trade at global exchanges, so this kind of fud just does not make any sense.

I'm not even sure Dash should be included as it has as default open blockchain just like Bitcoin, it just offers optional privacy to those users
that want to have privacy on their transactions.

I suspect most of the transactions through the Dash network are fully traceable transactions and are not mixed with other transactions to provide privacy.
Dash is focussing on becoming a decentralized platform to run decentralized apps / services on, its no longer just a privacy-focussed cryptocurrency unlike Monero and Zcash.
This does not mean Dash will abandon its privacy option to users, it just means it is offering a lot more then just privacy these days.

By the way, using the word ZERO can be easily seen as an attempt to spread fear, uncertainty and doubt (FUD).  

To conclude : There will always be a battle between users seeking privacy and governments seeking control  


 

Anonymity has been the most contested and celebrated aspect of cryptos, a debate between personal freedom and national security. The question here remains whether such regulations curb crime or access to said coins. Its a fair warning, and a personal decision, for though the debate is not new, nor the awareness, the fear of regulatory authorities and the extent and repercussions of their curbs, cannot be ignored or factored out of our investment vision.

Monero, Zcash and Dash are the highest coins for their anonymity. If they are banned in Japan, this will change little. It is even possible that such a prohibition will play as advertising for these coins and, conversely, they will grow in price by increasing their demand in other countries. I think that people will not refuse to use these coins because of their high anonymity.

I don't think people will want to relinquish anonymity in the nearet future and for that reason I believe these coins will stay competitive for some time.

There is no need for name calling if someone disagrees with our comment. For me, I don't think the Japanese will succeed in that threat of delisting those great coins. And even if they do, exchanges outside Japan won't. It will be like the Chinese case of banning cryptos and exchanges moving out of China. It is that simple.