What's wrong with Privacy Coin?

[RapTarX]

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?

[vv181]

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.

[JeffBrad12]

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.

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.

[JonsonMorris]

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.

[superman184]

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.

[mindrust]

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.

[jeungo]

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.

[dothebeats]

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.

[X-ray]

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.

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.

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.

[michellee]

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.

[GreatArkansas]

(....)
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.

[yazher]

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.

[Jating]

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.

[malcovi2]

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.

[cabron]

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.

[bounceback]

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.

[joeperry]

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.

[o48o]

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.

[Jawhead999]

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.

[mumang siat]

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.