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Author Topic: Are privacy coins already dying  (Read 488 times)
bittick
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October 22, 2022, 11:51:08 PM
 #21

It seems privacy coins have no future at all, I meant look at what happened with the market. So many people abandon the privacy coins these days. I meant i just aware if people are slowly but surely leaving from the privacy coins. Privacy coins are not viable anymore this time when so many people are caring so much with the tokens owned so many utilities. this happens so many times with it. I meant you shall also look at the fact that. Privacy coins actually dying

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October 23, 2022, 05:56:57 AM
 #22

It seems privacy coins have no future at all, I meant look at what happened with the market. So many people abandon the privacy coins these days. I meant i just aware if people are slowly but surely leaving from the privacy coins. Privacy coins are not viable anymore this time when so many people are caring so much with the tokens owned so many utilities. this happens so many times with it. I meant you shall also look at the fact that. Privacy coins actually dying
There will always be a demand for privacy coins, as for various reasons some people will seek to hide the movement of their capital from states. These coins of the state can be driven into the shadows, but they will continue to exist, although the demand for them due to increased regulation and even their ban by individual states will fall very much. In any case, it is hardly worth investing in them now. These coins are expected to decline in prices.
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October 23, 2022, 06:29:56 AM
 #23

This is also one of the areas in the market that is hotly discussed and there is also great interest in it. But personally, I feel it's not an instant story and everything evolves requires user process and adaptation as well as development from the developer team. I also use it frequently. Some coins are anonymous for personal purposes, but when it comes to opportunities or barriers, each person will have their own view of their capabilities.

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October 23, 2022, 09:19:40 AM
 #24

I think privacy coins still exist on some exchanges and even though they don't have a large trading volume, privacy coins are still trying to survive. If you look at Binance, XMR, one of the privacy coins, can still be at $143 and even though the price is still going up and down, it is still following the movement of bitcoin. And I think the privacy coin can still go up and have a chance to increase in the future. In addition, privacy coins still have support until now so that is what makes privacy coins still able to survive in the harsh crypto market.

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October 23, 2022, 11:00:13 AM
 #25

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
Privacy coins will survive even though currently the regulators that apply to these coins are very strict even some exchanges have removed them, but I don't think that will make privacy coins die in the future because so far there are still some people who really want to stay anonymous so they will continue to adopt privacy coins and they realize that privacy coins will make them feel more comfortable.

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October 23, 2022, 11:20:01 AM
 #26

Privacy Coins that I still save until now are Monero and Zcash, indeed when compared to other projects, it is certainly very difficult to compete, and it seems that this year I will sell everything if the market continues to decline.
Monero and Zcash the most popular privacy coins, if you are doing a deep research about how many privacy coins that are still exist in the market and i will say the population of privacy coins have been dropping likely around 90% in the market. it's caused by people didn't interested anymore with low cap privacy coins since era for utility token has come. The privacy coins are mot than dying. The era for privacy coins have gone since utility tokens were coming to crypto

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October 23, 2022, 11:29:05 AM
 #27

Now privacy is no longer considered important in the crypto world, there are too many money laundering cases there that make some people afraid to invest in it because of regulations made by the government.
What else has to be covered if almost all platforms both from exchanges and gambling sites are now implementing kyc.

Privacy coins used to do well, but government regulations have slowed them down. Besides, now that investors are only interested in profits, so they tend to look for coins that can bring them profits, privacy is no longer a priority issue as in previous years. The privacy coin is still in use but I guess it will soon be banned by the government because of the crime related concerns you mentioned

Apart from old coins like XMR, DASH, do we have any new privacy coins? I haven't heard about the market of these coins for a long time.

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October 23, 2022, 02:28:08 PM
 #28

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.
It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.
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October 23, 2022, 04:04:15 PM
Last edit: October 23, 2022, 06:30:29 PM by Blawpaw
 #29

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?

I have found an article that handles the subject quite well. You might wanna take a look.

The future looks grim for privacy-centric coins but this doesn't mean that they will cease to exist or that they have become unattractive. While regulation may have been stifling developments on the privacy side, there will always be those who will look for this sort of technology and those who will improve it further. There will always be demand for privacy-centric coins, and where there is a will, there is a way! Due to this, the price may surge for the ones who outstand the clampdown.
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October 23, 2022, 04:55:19 PM
 #30

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.
It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.
It's caused by monero has a very fair pre launch in 2014. The creator was not a greedy guy, that's why he was not even having intention to create premined coin for himself. The price has been coming from the demand for monero itself. It can be said that if monero is a very good and fair anon coin for now. It can be seen from how many people were actively using this coin right now.

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October 23, 2022, 05:20:35 PM
 #31

Privacy Coins that I still save until now are Monero and Zcash, indeed when compared to other projects, it is certainly very difficult to compete, and it seems that this year I will sell everything if the market continues to decline.
And these are the most popular privacy coins ever. It's hard to count on these privacy coins these days because when they've taken the attention of the regulators taking charge and there seems to be no choice but to be cracked down by them, the market of these would certainly in a decreasing pattern because the investors are also scared of what can happen when it's being asked to be taken down and removed from several exchanges.
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October 23, 2022, 08:39:38 PM
 #32

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
It is because they are tracked by the government and also being delisted in exchanges and that is why they seems unpopular these days.

Many of them are also no longer being noticed just like the altcoins that eventually have loosen their popularity overtime due to bear market.
It is fair to say that Monero, even without investor interest or any news about the project, is performing very well in this bear market. The coin is now worth over $150, which as a percentage is much better than other projects. This may indicate that the project has credibility with buyers.
And it's the number 1 target of those trying to remove it from exchanges. About its performance, I can say that it's a yes that it's still performing well despite of that.

This is the most popular privacy coin and that's why there's a good volume that's never gone on it despite we're in a bear market. Whatever is causing it to be at good standing is probably the normal cause of supply and demand.

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October 24, 2022, 12:52:31 AM
 #33

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
You are only thinking in terms of what speculators are expecting out of the assets in which they invest, but the people that are interested in privacy coins care about the utility those coins offer and could care less about those coins not going up in value, to them the most important thing is that they can keep themselves anonymous when making transactions over the Internet, and since that is exactly what those coins do the I do not see the interest in those coins diminishing at all.
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October 24, 2022, 01:51:30 AM
 #34

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
If we go back a few years ago, coins privacy is still alive and even now it still has the support of every community, maybe the interest of most people has decreased from now on. The development and the products they provide are too slow. So they can't compete with new projects that currently exist.
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October 24, 2022, 06:46:13 AM
Last edit: October 24, 2022, 09:06:23 AM by d3nz
 #35

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
If we go back a few years ago, coins privacy is still alive and even now it still has the support of every community, maybe the interest of most people has decreased from now on. The development and the products they provide are too slow. So they can't compete with new projects that currently exist.

As of today, some of the investors and traders of privacy coins are just waiting for their value to pump up and that's the reality. Privacy coins today are just worthless if no people are interested in it on not using them to trade with other people that use their own platform since using an online exchange is not really part of the scope of anonymity.

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October 24, 2022, 09:46:43 AM
 #36

The issue with privacy coin is that most regions or government are against the initiative
Though, some time ago we had privacy coins or projects making huge wave in the industry, but as it stands they are mostly under valued. I guess it has something to do with time and season as privacy projects seem to be out of vogue.
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October 24, 2022, 10:32:59 AM
 #37

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
If we go back a few years ago, coins privacy is still alive and even now it still has the support of every community, maybe the interest of most people has decreased from now on. The development and the products they provide are too slow. So they can't compete with new projects that currently exist.
As of today, some of the investors and traders of privacy are just waiting for their value to soar and that's the reality. Privacy coins today are just worthless if no people are interested in it on not using them to trade with other people that use their own platform since using an online exchange is not really part of the scope of anonymity.
That's because now there are more choices of coins that can be used as investment coins so those who previously invested large amounts in privacy coins try to choose other coins. But they still provide support for privacy coins and look for other alternatives to get more profit. This is a wise choice that everyone can make, whether he supports a certain coin or diversifies his funds in other coins to help him make more profits. So we are not only fixated on one coin choice but can have many investment coins.

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October 24, 2022, 11:08:45 AM
 #38

Seems like the government is willing to allow crypto to stay but they are molding it in the direction they can. I think governments don't think they can close crypto. But they can prevent ones they don't like from making it as easily letting other ones gain ground much more easily.

So yeah, that's an issue.

I'd say secondarily, from a free market perspective, while privacy is a very good add-on, it's not enough to overcome network effects. Ethereum was able to win out in the market because it provided a very different value prop that Bitcoin on it's own couldn't provide (so far).

For a third coin to win out, I think it would have to provide a value prop that BTC/ETH don't provide. And just "privacy" isn't enough, unfortunately, even though I'd highly value such a thing. All I can hope for is privacy technologies built. Like Tornado Cash. And hopefully that one holds up on the ETH network.




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October 24, 2022, 11:25:34 AM
 #39

I haven't heard any good news about privacy coins this days, it seems that people are losing interest in privacy coins because of regulation? Also privacy coins have bad performance compared to other altcoins, what is going on? Can privacy coins survive on the long run?
If we go back a few years ago, coins privacy is still alive and even now it still has the support of every community, maybe the interest of most people has decreased from now on. The development and the products they provide are too slow. So they can't compete with new projects that currently exist.

it's not because it's not growing and it's too slow but because people no longer care about privacy when participating in cryptocurrencies, people only focus on profit so they will only care and invest in coins that have can make a profit for them. new projects these days are mostly focused projects but in return they are hyped and people like it. at the same time, privacy coins are becoming the target of governments because of their anonymity, they are used by criminals to circumvent governments. investing in privacy coins is no longer profitable and very risky if the government enacts regulation

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October 24, 2022, 11:57:12 AM
 #40

There are many people that care on privacy. Privacy coins Monero, Dash, Zcash and among others are alive and actively traded. Regulations also limit the growth of these privacy coins unlike other coins for instance Ethereum, Solana and Tron are capable of working and establish partnerships to many corporations with no problems from government regulators. Privacy coins are present but they are outshined. There also also growth but not as fast comparable to other coins. The crypto space is expanding at large scale and centralized exchanges are expanding too but they have to undergo from government regulators. 

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