The future of privacy coin is not looking good

[Ararbermas]

I believe that if you have private coins, then in the future these coins will be able to make a profit. And don't worry, these privacy coins will still make a lot of money. Cryptocurrency is a digital technology with a great future.

not all, because there are some private coins that until now still floating at the button while some are making progress.. So be aware! Much better to rely which is more reliable nowadays and still promising if you really want to make profits in the future when it comes private coins.  Don't just base on the security, check their potential as well especially long run..

[yhiaali3]

Of course not, privacy is essential in Crypto but governments hate it, governments want to control and know everything about you but that doesn't mean we have to do that, privacy is our right as long as we don't break the law and don't do wrong things, these "privacy coins" keeps our privacy well so I don't think it's wrong to use it.

[Sarah Azhari]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

Government can't intervene in your investment while you keep it in your wallet that only you can access. so what kind of your worry?, except if you hold it on the centralization exchange where the government anytime can close it.

[dansus021]

When a centralized Exchange companies like binance has made a co-operation with the government in there the privacy coin will gone I know exchange not popular enough but after they conduct all user to do kyc they start to delist the privacy coin like zcash and monero.

after the tornado cash gone it is very hard to cover our privacy, the hacker in the other hand make even worst move they wash their money and maybe started to dump all coin that they hacked  ~ note for hacker : Please if you want to improve security be a white hacker take the bounty and done

[israt1@]

You tell me first, are you keeping these coins for work? If you are keeping these coins for profit, then it is better not to keep them. All these coins are not very hype. And if you think you are keeping them for some other bad purpose, then you should go away. Some time. Will face problems

[gunhell16]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

For that matter I respect whatever privacy coins you choose to hold. Just for me, holding altcoins that are not private coins is still better. And the majority of the community here in this industry knows that the chances of our income are better with cryptocurrencies that are not private coins. Although, all crypto is a risk, but private coins are always at risk. This is just based on what I have observed and seen in the movement of the crypto space.

Privacy coin is always linked with the criminal activities. There's no doubt if using this as investment would be a boomerang for us. If you wanna get profit from your investment and why don't you pick utility token instead of privacy? that will give you a lot of profit since anyone will need it. I just wanna to tell you if sometime it can be a big problem and being a risky investment for your money. The regulators can come anytime.

Absolutely correct, This is one of the reasons why you don't want to invest in private coins because it is too hot in the eyes of the exploitative people here in this cryptocurrency business industry. If that's why we're here, we should be there because we know it's safe and right to invest our capital in the crypto we're going to buy, after all, there are many options we can choose from that can give us good profits in the future.

[|MINER|]

~snip~

If you see in the beginning the governments were not taking the currency as good.  Gradually the situation has changed now many countries are taking them as legal tender.Yes I know You can't call all general crypto coins as  privacy coin. Because all crypto coin don't hide a user's wallet balance and address. If I talk about top privacy they already have good place and giving good service . So if you are looking for privacy coin then select top the top pair .You can take XMR for this They have already held a good position .

[btc_angela]

Privacy coins are increasingly disappearing from circulation, I don't even see privacy coins that can dominate the market anymore, they are just privacy coins that have been around for a long time but don't get hype because of their difficulty in finding use cases. it's better if we invest in utility coins, they get hype faster.

There could still be some in that will continue to exist, but it will be a niche now, and whoever uses it, for privacy purposes will be alienated by some.

Monero will have it's fork if I'm not mistaken, so if the government thinks that they they are about to crack it, they go further one step by making it more difficult for blockchain analysis to track hence, it will continue to be the go to by individuals who like privacy or just wanted to hide everything from the public prying eye.

[Wildwest]

All of us who are already in the crypto world certainly have their own privacy coins, but not all privacy coins have potential and this has become a risk for all of us, so every time we choose a coin we must be ready to accept every problem, because every year some coins must have updates so monitoring at all times we must monitor, and the government always monitors the movement of privacy coins and is always under close supervision.

[TheClownSong]

it seems that the privacy coin has always been against the government. I used to just think this coin has a slow trend because the privacy part of the coin doesn't have the hype like utility coins. but with various government regulations also making privacy coins very difficult to move around, it would be better to choose to invest in coins that are high hype or have good utility.

did you see when war between Rusia and Ukrania happen , privacy coins price increase ? it will be usefull in this kind condition , so government will never could banned it because its demand good enough. investors will safe this privacy coin for their business, sometimes using fiat or other crypto currency was not safe so this is the solution.

[Jackl87]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

I definitely agree with you, that at the moment the focus in the crypto space is definitely not on the privacy coins. At the moment everyone is still talking about Defi, NFT's, metaverse, play to earn and whatever had a big hype wave in the last year or so. The next big thing that can be interesting in the crypto market can be Web3.0 so i think that privacy coins will stay out of the focus of most crypto investors for at least a little longer. Every trend has it's time and the big privacy coins like Monero and Dash are still here, but the big hype around them was around 2017 or 2018 if i remember correctly. That does not mean though that if we enter a bull market again, that you can not make big gains with the privacy coins that you are holding now.

[The Cryptovator]

Not sure if it's the right or wrong decision but governance would attack that. Because it's fully untraceable which is disliked by a centralized government. I have read government trying to seize the mixer. Who knows if the next target privacy coin projects? I am not holding any privacy Coin at all. You should be aware holding any crypto is risky. It would become zero at any time like Luna.

[virasisog]

Privacy coins are increasingly disappearing from circulation, I don't even see privacy coins that can dominate the market anymore, they are just privacy coins that have been around for a long time but don't get hype because of their difficulty in finding use cases. it's better if we invest in utility coins, they get hype faster.

There could still be some in that will continue to exist, but it will be a niche now, and whoever uses it, for privacy purposes will be alienated by some.

Monero will have it's fork if I'm not mistaken, so if the government thinks that they they are about to crack it, they go further one step by making it more difficult for blockchain analysis to track hence, it will continue to be the go to by individuals who like privacy or just wanted to hide everything from the public prying eye.

I don't think the government would focus on the things that they can't control and regulate because if so, they should have done it with Bitcoin before. I think they won't crack on blockchain anymore and just accept the fact that people prefer privacy and security over regulated currencies. However, I don't think all privacy coins have the potential. Some of them are turning into a rag while others are trying to survive the bearish season.

[goaldigger]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

There’s a still a good reason on holding into a good privacy coin especially with Monero, though there’s a lot of regulations recently but I think they are still here in the market for the good reason, they still commit for the anonymous transactions and that’s the purpose of cryptocurrency, probably even if there’s another regulation they can still survive on that. Well, if you are already regretting on buying privacy coin then you can easily sell it and convert into a more good coins, it’s not too late yet.

[tvplus006]

There’s a still a good reason on holding into a good privacy coin especially with Monero, though there’s a lot of regulations recently but I think they are still here in the market for the good reason, they still commit for the anonymous transactions and that’s the purpose of cryptocurrency, probably even if there’s another regulation they can still survive on that. Well, if you are already regretting on buying privacy coin then you can easily sell it and convert into a more good coins, it’s not too late yet.

Monero enjoys the trust of users, which is why a new ATH has been installed in terms of the number of daily transactions - https://bitinfocharts.com/comparison/monero-transactions.html#3y. Obviously, this ATH is related to the update that took place on August 13, as a result of which the network will become even more reliable and stable.

[Jawhead999]

There’s a still a good reason on holding into a good privacy coin especially with Monero, though there’s a lot of regulations recently but I think they are still here in the market for the good reason, they still commit for the anonymous transactions and that’s the purpose of cryptocurrency, probably even if there’s another regulation they can still survive on that. Well, if you are already regretting on buying privacy coin then you can easily sell it and convert into a more good coins, it’s not too late yet.

Privacy coins can hide from regulation if the users are using decentralized exchange, but the question is how much do people trade Monero everyday? the price are depends on demand and supply, if the market is low, it will make the price decrease and it's not good holding for long term. I would be okay to use privacy coins just for hide my identity, but what I can see the price of privacy coins continue to decrease due to few popular centralized exchange delist privacy coins.

[Gayong88]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

But I don't think we can rely on them alone. The designs of existing and future privacy coins are so complex that it takes a lot of science and math to understand because using privacy coins to be anonymous is not the future. Privacy coins aim for privacy and avoid tracking transactions. We can achieve this without having to use privacy coins.

[Hypnosis00]

looks like the future of privacy coins is bad, I worked for privacy coins two years ago, they are hard to get hype even when the market is positive, but tend to be stable when the market is negative. The community is quite large but has declined over time, due to the complexity of mining and the public's lack of interest in privacy coins.

Of course, they don't as these coins are mostly controlled by some people and the owners themselves. Investing them is not worthy and not even profitable no matter how long you've been holding these coins. They are not bad actually compared to shitcoins but guess what, shitcoins are even more profitable than these coins. That is why if you look for something like earning money, it was not a smart choice to invest in them.
And aside from that, they are prone to any market regulation which we don't like.

[Sethrey]

I have few privacy coins in my wallet and the future regulation and the hatred from government on privacy coin making me feel like I've made the wrong choice, what do you think? Is this something to worry about? Or not

I can assure you that you have nothing to worry about. I look after Crypton CRP privacy coin from Utopia p2p https://u.is/ and it wasn't affected anyhow. The rate continues to grow and it's still available for mining and trading. Maybe the reason is own blockchain and decentralization, but I think it has to be a part of any really private coin.

[Xal0lex]

Private coins have long been subjected to general persecution by governments and, as a consequence, by centralized exchanges, which are forced to remove them from their listings due to pressure from regulators. It started a long time ago, back in 2018 (ZEC, XMR, DASH, etc.). Definitely, the cryptocurrency industry is moving towards total regulation and private coins will not find a decent place there, they will continue to be restricted and banned in every possible way.