What happened to XMR and other privacy coins

[joeperry]

For me I think the XMR is pretty stable compared to other coins I actually invest half of my current capital to XMR and see a good profit when I bough below $200 mark price though there is no updates or any hypes of the privacy coin but I think they are one of the good projects that have invented, right now NFTs, Memecoins and other hyped coins are the one that is on the news.

[1714506858]

1714506858

[cryptoaddictchie]

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

Actually quite have the same thought and question. It seems the privacy coins are less popular than those defi products even though its much earlier than xmr birth.

Ive seen many projects grow especially on the defi and nft field but forgotten big projects related to privacy like xmr. It still alive but we cant actually feel it on the market. Plus some exchanges delisted them making them more out of place.

Decentralized people are overwhelmed by centralized approach leading them to shift use cases. Anyway, not a holder but curious myself too for some update on this project.

[leea-1334]

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

if you're looking at privacy coins as nothing more than an investment then you're off to a bad start in the your potential crypto investments. Privacy coins are not a pump-and-dump altcoin like 95% of the crypto market, the grand majority of people actually use them as a medium of exchange rather than an just hodl investment like eth or Btc

Monero will win in the end. All the other nonsense privacy coins have no utility.

amen to that

I learnt it the hard way in 2016 and 2017,,, investing in a few ICOs that I actually spent time researching, spent time in community,,, even worse, spent my own time and resources to really encourage discussion and contributing to feedback for devs etc etc

Utility is what I realized mattered way more than anything else. White paper. Team dev. Token economics. All those are blablabla. If you have utility you have everything. That is what Monero has compared to all privacy coins.

I guess people have a lot to learn!

[LUCKMCFLY]

Monero for me is the best privacy currency for me it will be the currency of the future, in fact I dare to say that if a big crash occurs the currencies that will survive will be BTC, ETH and Monero, and above all Monero is the currency that it has more history and that it is more similar in form to BTC, when observing the BTC and Monero chart we can realize that they have a great similarity and I dare to say that they have a very high correlation and this is a very good thing, because As time goes by, people will seek to be more anonymous in their transactions.

[Jackl87]

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

I think that privacy coins are here to stay as they definitely serve a purpose. They are targets for criticism because obviously privacy coins are also often used in order to do payments for illegal stuff that no one should find out about, but that is not really the fault of the privacy coin projects itself in my opinion. Just because they offer possibilities does not mean that people should use them for illegal stuff.
Regarding the price performance of privacy coins. I would not worry to much to be honest. The crypto market is still a lot about the current trend and hypes and at the moment privacy coins are just not really in the focus of the broad crypto audience, but coins like Monero will never really disappear or become completely irrelevant in my opinion.

[Ziskinberg]

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

It likely stands that people don't like them anymore (or maybe there are some but only just a few of them). And even before, these privacy coins aren't performing well, you don't wonder why as many other projects are worth investing in and somehow it was profitable compared to them.
Sooner or later, investors will no longer look into them, they might disregard them.

BTC vs Monero, I simply take BTC instead and rejected Monero. This is the reality now, people will choose those projects that could give them huge benefits.

[Abiky]

It likely stands that people don't like them anymore (or maybe there are some but only just a few of them). And even before, these privacy coins aren't performing well, you don't wonder why as many other projects are worth investing in and somehow it was profitable compared to them.
Sooner or later, investors will no longer look into them, they might disregard them.

BTC vs Monero, I simply take BTC instead and rejected Monero. This is the reality now, people will choose those projects that could give them huge benefits.

I wouldn't say "people don't like them anymore". It's more like people are afraid of using privacy coins as governments can accuse them of doing illegal activities on-chain (eg: money laundering, tax evasion). People want convenience so they will avoid these complex cryptocurrencies as much as possible. With ever-increasing regulations in the crypto sector, it's likely privacy coins will be de-listed from all centralized exchanges. Those who still want to enjoy privacy will need to use a decentralized exchange, even if the same lacks liquidity and a great user experience.

At least, major privacy coins like Monero and Zcash haven't gone anywhere else. As long as decentralization and censorship-resistance emerges victorious, there should be nothing to worry about. Just my thoughts

[Jawhead999]

I wouldn't say "people don't like them anymore". It's more like people are afraid of using privacy coins as governments can accuse them of doing illegal activities on-chain (eg: money laundering, tax evasion).

But if they're using centralized exchanges and already submit their KYC, I don't think centralized exchanges will accuse them of using high illicit sources, they can track and ask the person if they feel suspicious activity. Also they can't hide tax evasion anymore since they can clearly see how much those coins worth or traded on their exchange. Many people isn't don't like them, but privacy coins isn't pump and dump coin since many people prefer pump and dump coin for instant profit.

[bussybuddy]

I wouldn't say "people don't like them anymore". It's more like people are afraid of using privacy coins as governments can accuse them of doing illegal activities on-chain (eg: money laundering, tax evasion).

But if they're using centralized exchanges and already submit their KYC, I don't think centralized exchanges will accuse them of using high illicit sources, they can track and ask the person if they feel suspicious activity. Also they can't hide tax evasion anymore since they can clearly see how much those coins worth or traded on their exchange. Many people isn't don't like them, but privacy coins isn't pump and dump coin since many people prefer pump and dump coin for instant profit.

I see how people invest in it or use it, but it has no obvious relevance here either. As you might think, it will also bring quick profits, but the truth is that it is not something that is easy to pump if there is no volatility. We all think about it in terms of its applicability in trading. tax evasion or other shady transactions. I am not a very negative person when looking at a product that I am using myself. I have not seen all the things that it brings. Maybe it is not suitable for the current context. this school. However, it is also a part of this space where many parties are exploring more beneficial uses.

[indo1]

Privacy coins I think they are similar to security coins. Security-type coins are really hard to hype as far as I'm concerned they can only survive in any bear or bull market conditions. They only focus on developing their ecosystem without paying attention to the price, they care about the security and privacy of their platform. But I think this type of coin is very suitable for mining and long term like XMR.

[Frengki_cisco]

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

It's not that they are not interested in Monero, you can see that the average Altcoin is currently experiencing a decline, not only XMR, ETH and BNB also have no traction in the market.

Monero is a good project decent decentralization, maybe it's not time for XMR to stand out, after hitting the price of $500 years ago, it's actually a good opportunity if you want to invest in Monero long term.

[zasad@]

Investing in privacy coins is a very risky business. If these coins are delisted from the exchanges, then their price will fall. It is better to invest in bitcoin because it can be sent anonymously or invested in new ecosystem projects related to games or NFT markets.

[EmmaGod]

The market is in a constant Flux. Innovations are coming left, right and center, so it's difficult to have a coin that would always be in demand. We had the privacy coin making waves few years ago, but that's over. We've also had the season of deflationary tokens and those ones are off the market, also. The season of Decentralized finance and NFT's would soon pass and the market keeps moving.
My point is that, it would be unnecessary to get so attached to any altcoin because they're short lived, the best approach is to store value for long term hold only in bitcoin.

[zasad@]

The market is in a constant Flux. Innovations are coming left, right and center, so it's difficult to have a coin that would always be in demand. We had the privacy coin making waves few years ago, but that's over. We've also had the season of deflationary tokens and those ones are off the market, also. The season of Decentralized finance and NFT's would soon pass and the market keeps moving.
My point is that, it would be unnecessary to get so attached to any altcoin because they're short lived, the best approach is to store value for long term hold only in bitcoin.

The DeFi and NFT season is just getting started. When metaverses appear, where it will be interesting to spend time and inexpensive suits for virtual reality appear, this will greatly increase the popularity of cryptocurrencies. If you are investing in DASH, Litecoin or Monero, then it is better to choose Bitcoin. But if you are investing in new projects, it is better to study Flow.

[Abiky]

Investing in privacy coins is a very risky business. If these coins are delisted from the exchanges, then their price will fall. It is better to invest in bitcoin because it can be sent anonymously or invested in new ecosystem projects related to games or NFT markets.

Agree. Privacy coins are more like a utility than a long-term investment. People who get into these kinds of coins must understand the long-term risks of exchange de-listing and a full government ban due to strict KYC/AML requirements. Monero may be a great privacy coin, but chances that it will rise all the way to the moon are very slim. It's a good thing we have decentralized exchanges and atomic swaps or we would've been doomed by now. You can always exchange BTC to XMR or any other privacy coin without the need to provide personally-identifiable documents. That's the beauty of decentralization and open source tech.

Governments may never be able to shut down privacy coins, but they will be able to force centralized to stop as much people as possible from getting access to them. There are developers working hard to ensure Blockchain tech stays private and free for anyone to use worldwide, so it's unlikely privacy-oriented cryptocurrencies will go away anytime soon. Just my thoughts

[Moeda]

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

XMR is also one of the coins that investors are interested in, we can see this based on the position obtained in CMC. We can not take it lightly with that position. Likewise with the daily trading volume. However, if we compare it with Ether and BNB, of course, XMR coins are not competitive on the exchange. BNB has the world's number one exchange for driving up the price of the coin, while Ether has the world's number one smart contract.

[popeye95]

Since XMR was a privacy coin, more and more exchanges halted XMR trading. It isn't worth the hassle when the government investigates the exchange because XMR was linked to some dirty money laundering. Same with many privacy coins out there, becoming obscure and delist from centralized exchanges.

[Abiky]

Since XMR was a privacy coin, more and more exchanges halted XMR trading. It isn't worth the hassle when the government investigates the exchange because XMR was linked to some dirty money laundering. Same with many privacy coins out there, becoming obscure and delist from centralized exchanges.

You can easily get flagged when trading privacy coins at an exchange. That's because governments quickly link the use of such coins to illegal activities including (but not limited to): money laundering and tax evasion. We should expect more exchanges to de-list Monero and other privacy coins as KYC/AML regulations are enforced.

As I've said before, the only way to get access to privacy coins would be through decentralized exchanges or in-person. Things would've been much worse for privacy coins if they were centralized. Decentralization must prevail for privacy coins to survive. As long as decentralization wins, governments will have a hard time trying to destroy privacy coins in their entirety. Who knows what the future holds for our privacy and anonymity as a whole? Just my opinion

[illetyus]

Between 2017-2018, privacy-focused crypto projects were very popular.

Now, privacy-oriented projects such as Monero and dash are obsolete.

I do not invest in privacy-focused crypto projects.
1.) They can be greatly affected by possible regulations. They can be de-listed.
2.) It's an old trend.. People don't get excited about the same things again...

[RussianEnglishTranslation]

The less performing top alt to me is Monero, what the hell happened to all privacy coins out there? They dont surge as good as any other altcoins, are people not interested in privacy coins anymore? Or it's the world that doesn't need the idea.

A lot of people moved on from Monero to other private projects like Incognito Chain and 0xMonero. Besides, any L1 chain can have privacy if there is a mixer dapp.