Bitcoin, Dogecoin Gain After Musk's Tweets, But Will There Be Another Bull Run?

[s.tanishka]

Really? As most of people believe that just privacy coins were invented for money laundering only And here's where people lost belief in decentralization and all the other privacy things.

I understand that people will have doubts about privacy coins and decentralized exchanges, and that's okay. But I think that private coins have good community support and will only gain popularity in the future.

[Sethrey]

I believe that these types of coins and platforms have significant potential to become increasingly popular as people become more aware of the benefits of privacy and decentralization in their financial transactions.

Furthermore, the community support for privacy coins is growing and becoming more vocal, with more and more people recognizing the importance of financial privacy in our increasingly digital world. This support will only help to further promote the adoption and usage of privacy coins.

[TheGreatPython]

I believe that these types of coins and platforms have significant potential to become increasingly popular as people become more aware of the benefits of privacy and decentralization in their financial transactions.

Furthermore, the community support for privacy coins is growing and becoming more vocal, with more and more people recognizing the importance of financial privacy in our increasingly digital world. This support will only help to further promote the adoption and usage of privacy coins.

The coins Bitcoin, Dogecoin and the platform Twitter are all popular already but if ever Elon adopt either one of these coin as a currency in his Twitter platform then Twitter is surely going to boom more and after this maybe Twitter can become a little decentralized due to the involvement of crypto. This is something that we always wanted ever since before but the previous owner of Twitter didn't made it happen.

Existing Twitter users that are not into cryptos yet will be curious and they will also try Bitcoin or Dogecoin, making the coins even more famous. Now that regulations are rampant in crypto, it's indeed that people are demanding for more privacy again. Bitcoin might offer it more than Doge but there are better coins than in Bitcoin which are more private, Monero for example.

[Abiky]

I believe that these types of coins and platforms have significant potential to become increasingly popular as people become more aware of the benefits of privacy and decentralization in their financial transactions.

Furthermore, the community support for privacy coins is growing and becoming more vocal, with more and more people recognizing the importance of financial privacy in our increasingly digital world. This support will only help to further promote the adoption and usage of privacy coins.

Privacy coins have their benefits, but with governments in the way, don't expect such coins to experience an increase in mainstream adoption anytime soon. The only coins that will rise "to infinity and beyond" are those with a transparent Blockchain ledger like Bitcoin, Dogecoin, and Ethereum. That's because it's easy for the authorities to "hunt down" malicious actors on these chains, than it's the case with Monero or Zcash. Why do you think Elon Musk is "pumping" Dogecoin instead of a privacy coin like XMR? That's because DOGE isn't as rejected as XMR across centralized exchanges. Not to mention that DOGE is a "meme" coin that's often driven by hype.

We're still in a bear market, so it would be a great idea to accumulate prominent crypto coins just in case. Who knows what surprises we'll find in the next bull market run? Just my opinion

[s.tanishka]

I believe that these types of coins and platforms have significant potential to become increasingly popular as people become more aware of the benefits of privacy and decentralization in their financial transactions.

Furthermore, the community support for privacy coins is growing and becoming more vocal, with more and more people recognizing the importance of financial privacy in our increasingly digital world. This support will only help to further promote the adoption and usage of privacy coins.

Let's hope that soon countries will recognize privacy coins and they will become legal. So far it's the other way around. Although I think that people will still keep their private coins in crypto wallets until the situation changes. Anonymity is a priority these days.

[Sethrey]

Privacy coins have their benefits, but with governments in the way, don't expect such coins to experience an increase in mainstream adoption anytime soon. The only coins that will rise "to infinity and beyond" are those with a transparent Blockchain ledger like Bitcoin, Dogecoin, and Ethereum. That's because it's easy for the authorities to "hunt down" malicious actors on these chains, than it's the case with Monero or Zcash. Why do you think Elon Musk is "pumping" Dogecoin instead of a privacy coin like XMR? That's because DOGE isn't as rejected as XMR across centralized exchanges. Not to mention that DOGE is a "meme" coin that's often driven by hype.

We're still in a bear market, so it would be a great idea to accumulate prominent crypto coins just in case. Who knows what surprises we'll find in the next bull market run? Just my opinion

In any case, privacy coins will be still available around decentralized exchanges. Or like Crypton coin will have own wallet and own exchange that's impossible to ban. That's why more and more people participate in its review campaign: https://bitcointalk.org/index.php?topic=5425016.0

[Abiky]

In any case, privacy coins will be still available around decentralized exchanges. Or like Crypton coin will have own wallet and own exchange that's impossible to ban. That's why more and more people participate in its review campaign: https://bitcointalk.org/index.php?topic=5425016.0

Of course. But you can bet market prices will be a lot lower than what they are right now, because institutional investors and VCs will be left out of the game. Therefore, a ban on privacy coins would be equal to lower mainstream adoption in the long run.

I think transparent coins like Bitcoin, Ethereum, and Dogecoin will hold the spotlight for a very long time. Investors will prefer such coins because they will have the "green light" from mainstream governments. Money will keep flowing into these cryptocurrencies, so expect market prices to increase in the future. Besides, what could go wrong when we have Elon Musk "shilling" crypto/Blockchain tech? Just my opinion

[errorcode99]

I think the bulls have missed it, but we are not yet in a bear market. we are in a stable market and it would be natural for a rally to occur and then a correction. we will see strong bulls coming 2 years down the line. even that can happen more quickly if you see the strength and enthusiasm of market adoption continues to strengthen.

[s.tanishka]

I believe that these types of coins and platforms have significant potential to become increasingly popular as people become more aware of the benefits of privacy and decentralization in their financial transactions.

Furthermore, the community support for privacy coins is growing and becoming more vocal, with more and more people recognizing the importance of financial privacy in our increasingly digital world. This support will only help to further promote the adoption and usage of privacy coins.

Privacy coins have their benefits, but with governments in the way, don't expect such coins to experience an increase in mainstream adoption anytime soon. The only coins that will rise "to infinity and beyond" are those with a transparent Blockchain ledger like Bitcoin, Dogecoin, and Ethereum. That's because it's easy for the authorities to "hunt down" malicious actors on these chains, than it's the case with Monero or Zcash. Why do you think Elon Musk is "pumping" Dogecoin instead of a privacy coin like XMR? That's because DOGE isn't as rejected as XMR across centralized exchanges. Not to mention that DOGE is a "meme" coin that's often driven by hype.

We're still in a bear market, so it would be a great idea to accumulate prominent crypto coins just in case. Who knows what surprises we'll find in the next bull market run? Just my opinion

It seems that the bright future of privacy coins can no longer be dreamed of, because they have become a prime target for regulators around the world. Most Licensed Crypto Exchanges issued by government agencies or associated with the government do not encourage anonymous transactions in any form.Privacy is still a key issue for many in the crypto community, and the issue is getting worse. when it comes to sensitive information such as financial transactions. This is why privacy coins are so important to preserve and protect the interests of users.

[Sethrey]

Of course. But you can bet market prices will be a lot lower than what they are right now, because institutional investors and VCs will be left out of the game. Therefore, a ban on privacy coins would be equal to lower mainstream adoption in the long run.

A ban on privacy coins doesn't work if the project is decentralized and based on the own blockchain. And the last step for survival is a no KYC decentralized exchange. Such a complex decision gives a full independence to the coin.

[Abiky]

A ban on privacy coins doesn't work if the project is decentralized and based on the own blockchain. And the last step for survival is a no KYC decentralized exchange. Such a complex decision gives a full independence to the coin.

That is true. But less people will use something that's been "outlawed" by the government, due to fear of going to jail or having to pay a fine in return. It's simply not worth the risk. If you have to use a privacy coin, it would need to be in secret to avoid getting caught by the government.

We can't expect privacy coins to rise in price, especially when there's a lot opposition against them. Not like Bitcoin or Ethereum which are embraced by the government with open arms (sort of). These two will go to "infinity and beyond", as long as they don't introduce privacy mechanisms into their networks. Elon Musk is pro-government (AFAIK), so don't expect him to support a privacy coin anytime soon. Who knows where the next bull market will lead us? Just my opinion

[JayTrain]

However, it is possible that Elon Musk may shift his attention and hype to other cryptocurrencies in the future, as he has done in the past. It is also true that "green coins" or environmentally friendly cryptocurrencies are gaining popularity, and it is possible that Musk may decide to support one of them in the future. However, it is ultimately up to him and his personal beliefs and interests in a particular cryptocurrency.

[Reatim]

I think the bulls have missed it, but we are not yet in a bear market. we are in a stable market and it would be natural for a rally to occur and then a correction. we will see strong bulls coming 2 years down the line. even that can happen more quickly if you see the strength and enthusiasm of market adoption continues to strengthen.

But at least you understand that you are posting in a thread created before the bull of 2021 happens , so if you are pointing about Bull missing that is incorrect because Bitcoin and Dogecoin both rallied High in the recent bull run so you are late in posting this.

However, it is possible that Elon Musk may shift his attention and hype to other cryptocurrencies in the future, as he has done in the past. It is also true that "green coins" or environmentally friendly cryptocurrencies are gaining popularity, and it is possible that Musk may decide to support one of them in the future. However, it is ultimately up to him and his personal beliefs and interests in a particular cryptocurrency.

but also However , Elon Musk had pumped this coin(dogecoin) several times now? so either to pump other coin yet he may back for doge to go hyping.

[s.tanishka]

Of course. But you can bet market prices will be a lot lower than what they are right now, because institutional investors and VCs will be left out of the game. Therefore, a ban on privacy coins would be equal to lower mainstream adoption in the long run.

A ban on privacy coins doesn't work if the project is decentralized and based on the own blockchain. And the last step for survival is a no KYC decentralized exchange. Such a complex decision gives a full independence to the coin.

I agree that if the project is based on its own blockchain, then the ban will not work. Therefore, projects that have their own decentralized ecosystem make it possible to anonymously and privately use many built-in tools.

[Sethrey]

That is true. But less people will use something that's been "outlawed" by the government, due to fear of going to jail or having to pay a fine in return. It's simply not worth the risk. If you have to use a privacy coin, it would need to be in secret to avoid getting caught by the government.

We can't expect privacy coins to rise in price, especially when there's a lot opposition against them. Not like Bitcoin or Ethereum which are embraced by the government with open arms (sort of). These two will go to "infinity and beyond", as long as they don't introduce privacy mechanisms into their networks. Elon Musk is pro-government (AFAIK), so don't expect him to support a privacy coin anytime soon. Who knows where the next bull market will lead us? Just my opinion

Elon Musk has no impact on me, so I don't care what he supports. And speaking about secret privacy coin usage, I've already mentioned how to do that. And I can't imagine how govt can track you if you follow all the rules. Moreover, I don't think that you or me is a very interesting person to govt. You exaggerate the problem, I guess.

[Abiky]

Elon Musk has no impact on me, so I don't care what he supports. And speaking about secret privacy coin usage, I've already mentioned how to do that. And I can't imagine how govt can track you if you follow all the rules. Moreover, I don't think that you or me is a very interesting person to govt. You exaggerate the problem, I guess.

There are so many people foolishly thinking that Elon Musk will make crypto "explode" in price, when that's really not the way it works. One man can't move the whole market in his favor. He can only manipulate investors from an specific cryptocurrency with the hopes of "pumping" its price within the short term. But it won't last forever as investors and traders become vary of his tactics. The market will reach a level of maturity, where an opinion of a single person won't matter at all. Transparent crypto coins will gain most of the attention, because they're approved by most governments worldwide.

The ones that will face further pressure down the road are none other than privacy coins themselves. It doesn't matter anyways, since people can still use privacy coins in secret. As long as such coins remain decentralized and censorship-resistant, nothing will be able to stand in their way. For an average person like you and me, we are irrelevant to the government as long as we "play by the book". Who knows what lies for the crypto industry in the future? Just my thoughts

[s.tanishka]

Elon Musk has no impact on me, so I don't care what he supports. And speaking about secret privacy coin usage, I've already mentioned how to do that. And I can't imagine how govt can track you if you follow all the rules. Moreover, I don't think that you or me is a very interesting person to govt. You exaggerate the problem, I guess.

There are so many people foolishly thinking that Elon Musk will make crypto "explode" in price, when that's really not the way it works. One man can't move the whole market in his favor. He can only manipulate investors from an specific cryptocurrency with the hopes of "pumping" its price within the short term. But it won't last forever as investors and traders become vary of his tactics. The market will reach a level of maturity, where an opinion of a single person won't matter at all. Transparent crypto coins will gain most of the attention, because they're approved by most governments worldwide.

The ones that will face further pressure down the road are none other than privacy coins themselves. It doesn't matter anyways, since people can still use privacy coins in secret. As long as such coins remain decentralized and censorship-resistant, nothing will be able to stand in their way. For an average person like you and me, we are irrelevant to the government as long as we "play by the book". Who knows what lies for the crypto industry in the future? Just my thoughts

It makes sense. But users who value security and privacy in their transactions will always prefer privacy coins. And there are many such users. For example, such community support as Monero has can only be envied.

[Sethrey]

There are so many people foolishly thinking that Elon Musk will make crypto "explode" in price, when that's really not the way it works. One man can't move the whole market in his favor. He can only manipulate investors from an specific cryptocurrency with the hopes of "pumping" its price within the short term. But it won't last forever as investors and traders become vary of his tactics. The market will reach a level of maturity, where an opinion of a single person won't matter at all. Transparent crypto coins will gain most of the attention, because they're approved by most governments worldwide.

The ones that will face further pressure down the road are none other than privacy coins themselves. It doesn't matter anyways, since people can still use privacy coins in secret. As long as such coins remain decentralized and censorship-resistant, nothing will be able to stand in their way. For an average person like you and me, we are irrelevant to the government as long as we "play by the book". Who knows what lies for the crypto industry in the future? Just my thoughts

That's exactly what I think about the whole crypto situation. The only thing that continues to wonder me is that there are still many people believing that privacy coins were invented just to support criminals If there will be less such people, privacy coins will already lead the market, I believe.

[Abiky]

That's exactly what I think about the whole crypto situation. The only thing that continues to wonder me is that there are still many people believing that privacy coins were invented just to support criminals If there will be less such people, privacy coins will already lead the market, I believe.

You can thank mainstream governments for giving a bad image/perception of privacy coins to the public. After all, they don't want people going after something they can't track, control, or trace. Considering that there's a lot of opposition towards privacy coins, don't expect them to go all the way to the moon anytime soon. Only transparent cryptocurrencies such as Bitcoin, Dogecoin, and Ethereum will gain the attention of mainstream investors because of the way governments approve of them.

The day all of the world's governments ban crypto, will be the day when everything will go down to $0. Who knows what surprises we'll find in the future? Just my opinion

[wheelz1200]

That's exactly what I think about the whole crypto situation. The only thing that continues to wonder me is that there are still many people believing that privacy coins were invented just to support criminals If there will be less such people, privacy coins will already lead the market, I believe.

You can thank mainstream governments for giving a bad image/perception of privacy coins to the public. After all, they don't want people going after something they can't track, control, or trace. Considering that there's a lot of opposition towards privacy coins, don't expect them to go all the way to the moon anytime soon. Only transparent cryptocurrencies such as Bitcoin, Dogecoin, and Ethereum will gain the attention of mainstream investors because of the way governments approve of them.

The day all of the world's governments ban crypto, will be the day when everything will go down to $0. Who knows what surprises we'll find in the future? Just my opinion

Never going to happen.  They would all have to come together collectively and do it.  Otherwise countries that ban it will just lose the ability to keep up when crypto is thriving. And with financial instruments countries will never take that chance to get pegged down.  Could've happened long ago but that time has come and gone.  And anyway the market will always be there since crypto doesn't rely on governments.  It will live forever as long as we are wired together