Big money moving in next year, means greater demand for DEX projects?

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: _IRMAN on July 20, 2020, 10:13:05 AM

Quote from: Shasha80 on July 20, 2020, 02:40:49 AM

DEX exchanges should have high demand, but nowadays it is even rare to use DEX for trading. Because DEX trading volume is low
compared to centralized exchanges. Even though there is a high volume of DEX it might be fake, so from now until now the demand
for DEX is fairly low. People to get privacy are enough investments in privacy coins.

1. DEX cannot create Fake Volume
2. DEX is currently low due to various factors, only available for one network, cannot cross exchange. Every activity on DEX requires a fee, and see the gas fee for ETH is very expensive lately. So people will prefer CEX over DEX.

The main problem with any DEX is the lack of volume, even if a huge amount of money comes to the market what is the point for the DEX if the investors cannot use their money to trade there, I had a lot of hope that a DEX will come out and become really popular and we could get a place to trade our coins without the need to go through KYC and other ridiculous measures but as time has passed I am losing hope as centralized exchanges are becoming more popular by the day.

BTCXRPADA

newbie

Activity: 97

Merit: 0

Quote from: Spaffin on July 21, 2020, 01:05:42 PM

Quote from: judaspriest on July 21, 2020, 12:00:52 PM

The DEX project has seen a high increase this year, as IDEX has gone up 5x, and it's amazing,
DEFI and DEX are on the project IDEX, I think there will be 5x more

I believe that this situation, regarding the cooperation between DeFi and DEX, is worth paying attention to, because it can lead to high potential in the future to make a good profit. In any case, I will take note of this today.

If you look at Blocknet's circulating supply, it isn't unreasonable to see this project 100x ($150/coin). What they are building definitely has the potential to reach the masses, as their tech can completely decentralize Ethereum, which suffers from a centralized data protocol called Infura.

If Infura goes down, all the tokens running on the ETH main chain will be unusable, which would be a disaster for projects like Chainlink, which relies on the ETH chain with its node network.

Do your own research on this one though.

Spaffin

full member

Activity: 1316

Merit: 108

Quote from: judaspriest on July 21, 2020, 12:00:52 PM

The DEX project has seen a high increase this year, as IDEX has gone up 5x, and it's amazing,
DEFI and DEX are on the project IDEX, I think there will be 5x more

I believe that this situation, regarding the cooperation between DeFi and DEX, is worth paying attention to, because it can lead to high potential in the future to make a good profit. In any case, I will take note of this today.

judaspriest

full member

Activity: 1330

Merit: 100

C O M B O

The DEX project has seen a high increase this year, as IDEX has gone up 5x, and it's amazing,
DEFI and DEX are on the project IDEX, I think there will be 5x more

GucciBoy

jr. member

Activity: 196

Merit: 6

Quote from: Dollar_Hunter on July 20, 2020, 08:51:35 AM

this year is the year for the Defi project, maybe next year is a DEX project, it is very interesting to invest,
I am also still waiting for the price of Waves to go down, because Waves is also a DEX project

Waves is a "Hybrid", meaning it's not a true DEX. It's centralized.

Real DEX's like Blocknet is where the money is at though. Smart money is accumulating this one. Wink

_IRMAN

copper member

Activity: 1400

Merit: 103

Quote from: Shasha80 on July 20, 2020, 02:40:49 AM

DEX exchanges should have high demand, but nowadays it is even rare to use DEX for trading. Because DEX trading volume is low
compared to centralized exchanges. Even though there is a high volume of DEX it might be fake, so from now until now the demand
for DEX is fairly low. People to get privacy are enough investments in privacy coins.

1. DEX cannot create Fake Volume
2. DEX is currently low due to various factors, only available for one network, cannot cross exchange. Every activity on DEX requires a fee, and see the gas fee for ETH is very expensive lately. So people will prefer CEX over DEX.

Dollar_Hunter

member

Activity: 1078

Merit: 21

COMBONetworkio

this year is the year for the Defi project, maybe next year is a DEX project, it is very interesting to invest,
I am also still waiting for the price of Waves to go down, because Waves is also a DEX project

leea-1334

hero member

Activity: 2296

Merit: 953

Temporary forum vacation

Quote from: BTCXRPADA on July 17, 2020, 02:03:48 PM

Fake DEX's (and there are many) CAN be affected by the feds looking through wallets, however anyone trading on Blocknet's DX platform is anonymous as long as a VPN is used to hide your IP address. Wink

No need to be a fake DEX even the genuine DEXs are almost all vulnerable,,, these days most DEXs claim to be fully decentralized but the only thing that they "decentralize" is the custody of your crypto coins. Everything else is still centralized. The database that keeps data of the trades, maybe also keep things like IP address and usernames that are some ways to identify you.

Shasha80

sr. member

Activity: 1876

Merit: 318

DEX exchanges should have high demand, but nowadays it is even rare to use DEX for trading. Because DEX trading volume is low
compared to centralized exchanges. Even though there is a high volume of DEX it might be fake, so from now until now the demand
for DEX is fairly low. People to get privacy are enough investments in privacy coins.

arjuna BTC

sr. member

Activity: 994

Merit: 250

BabelFish - FISH Token Sale at Sovryn

Quote from: Marckolind on October 31, 2019, 03:02:13 PM

So I'm pretty convinced that we'll see a mega bull run next year due to the BTC halving. There's probably a LOT of wealthy people looking to invest, if the price starts to skyrocket again, but as we've seen in the past, these people are all about privacy.
Remember the Panama leakage a few years back? https://www.bbc.com/news/live/business-35944255/page/2

Wealthy people is likely to hide a ton of money in crypto, and while you could argue that most of them would hold privacy coins like XMR, there's also a fear that these will be illegal, and delisted/removed from centralized exchanges eventually.

This got me thinking, that perhaps decentralized exchanges where nobody can follow your trading history will get HUGE demand.
So perhaps it's not a bad idea to look into projects like Blocknet for the next bull run? If these DEX's takes off, the coin itself will be highly sought after.

Thoughts?

maybe this predictions will be right, if covid19 never come to this world
but, covid19 change everything in this world,
so, the global economy move in slow now, just prepare yourself for the worst conditions if this pandemic still exist in this year

BTCXRPADA

newbie

Activity: 97

Merit: 0

Quote from: Spaffin on July 02, 2020, 10:54:19 AM

To date, the political situation in the world is very tense, especially since there are a lot of military conflicts, while various kinds of terrorist organizations and crime only exacerbate the situation. Each government fights against these phenomena, as well as against illegal money laundering, as well as corruption within their countries. Based on this, it must be borne in mind that no one can hope for one hundred percent anonymity using cryptocurrency for its intended purpose. Of course, for the time being, traders and investors can exchange and trade cryptocurrency on decentralized platforms, but it seems to me that in this situation, when the government is interested in specific means, wallet addresses or an exchange platform, law enforcement agencies will immediately receive all the information that interests them, Perhaps even personal user data.

Fake DEX's (and there are many) CAN be affected by the feds looking through wallets, however anyone trading on Blocknet's DX platform is anonymous as long as a VPN is used to hide your IP address. Wink

LeoBTCGod

jr. member

Activity: 60

Merit: 1

Quote from: dunfida on July 03, 2020, 05:21:58 PM

Quote from: nightflightcourt on July 03, 2020, 07:18:17 AM

Quote from: Spaffin on July 02, 2020, 10:54:19 AM

To date, the political situation in the world is very tense, especially since there are a lot of military conflicts, while various kinds of terrorist organizations and crime only exacerbate the situation. Each government fights against these phenomena, as well as against illegal money laundering, as well as corruption within their countries. Based on this, it must be borne in mind that no one can hope for one hundred percent anonymity using cryptocurrency for its intended purpose. Of course, for the time being, traders and investors can exchange and trade cryptocurrency on decentralized platforms, but it seems to me that in this situation, when the government is interested in specific means, wallet addresses or an exchange platform, law enforcement agencies will immediately receive all the information that interests them, Perhaps even personal user data.

Decentralized P2P solutions have been getting smarter!
Stakenet DEX should permanently put an end to any KYC reqs for crypto-to-crypto tx
The last major hangup is at the fiat gateway.. Agoradesk is ok, but sending cash in the mail.. Risky.

One of the reasons why Dexes cant really able to compete out with centralized platforms on which these things cant provide out crypto-fiat transactions
this is why we do able to see that these places arent really getting that much usage nor support for most traders or users here on crypto space due
to that lack of feature.We love decentralization but we cant really avoid the need of this service specially people do really need up fiat transactions too
yet we do need up conversions.I cant see for greater demand for Dex projects but it doesnt mean that these things arent useful.They cant really
just get same support compared to known exchanges.

Surely FIAT is important in any case, but people looking to trade anonymously doesn't NEED FIAT, as they need to stay anon from the beginning.
Whenever you decide to sell out, you expose yourself, there's no way around it, unless you sell locally, but gold with BTC online or something like that.
There's a major NEED for DEX's, the problem is just that DEX's is currrently not as user friendly as CEX's and doesn't provide near the same liquidity either.

I believe Blocknet's DX platform is among the best solutions out there, if you care about decentralization, that is.

nightflightcourt

jr. member

Activity: 322

Merit: 2

Quote from: dunfida on July 03, 2020, 05:21:58 PM

Quote from: nightflightcourt on July 03, 2020, 07:18:17 AM

Quote from: Spaffin on July 02, 2020, 10:54:19 AM

To date, the political situation in the world is very tense, especially since there are a lot of military conflicts, while various kinds of terrorist organizations and crime only exacerbate the situation. Each government fights against these phenomena, as well as against illegal money laundering, as well as corruption within their countries. Based on this, it must be borne in mind that no one can hope for one hundred percent anonymity using cryptocurrency for its intended purpose. Of course, for the time being, traders and investors can exchange and trade cryptocurrency on decentralized platforms, but it seems to me that in this situation, when the government is interested in specific means, wallet addresses or an exchange platform, law enforcement agencies will immediately receive all the information that interests them, Perhaps even personal user data.

Decentralized P2P solutions have been getting smarter!
Stakenet DEX should permanently put an end to any KYC reqs for crypto-to-crypto tx
The last major hangup is at the fiat gateway.. Agoradesk is ok, but sending cash in the mail.. Risky.

One of the reasons why Dexes cant really able to compete out with centralized platforms on which these things cant provide out crypto-fiat transactions
this is why we do able to see that these places arent really getting that much usage nor support for most traders or users here on crypto space due
to that lack of feature.We love decentralization but we cant really avoid the need of this service specially people do really need up fiat transactions too
yet we do need up conversions.I cant see for greater demand for Dex projects but it doesnt mean that these things arent useful.They cant really
just get same support compared to known exchanges.

Surely, there is a way to bridge that gap. I hope we find the means to do so soon.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: nightflightcourt on July 03, 2020, 07:18:17 AM

Quote from: Spaffin on July 02, 2020, 10:54:19 AM

To date, the political situation in the world is very tense, especially since there are a lot of military conflicts, while various kinds of terrorist organizations and crime only exacerbate the situation. Each government fights against these phenomena, as well as against illegal money laundering, as well as corruption within their countries. Based on this, it must be borne in mind that no one can hope for one hundred percent anonymity using cryptocurrency for its intended purpose. Of course, for the time being, traders and investors can exchange and trade cryptocurrency on decentralized platforms, but it seems to me that in this situation, when the government is interested in specific means, wallet addresses or an exchange platform, law enforcement agencies will immediately receive all the information that interests them, Perhaps even personal user data.

Decentralized P2P solutions have been getting smarter!
Stakenet DEX should permanently put an end to any KYC reqs for crypto-to-crypto tx
The last major hangup is at the fiat gateway.. Agoradesk is ok, but sending cash in the mail.. Risky.

One of the reasons why Dexes cant really able to compete out with centralized platforms on which these things cant provide out crypto-fiat transactions
this is why we do able to see that these places arent really getting that much usage nor support for most traders or users here on crypto space due
to that lack of feature.We love decentralization but we cant really avoid the need of this service specially people do really need up fiat transactions too
yet we do need up conversions.I cant see for greater demand for Dex projects but it doesnt mean that these things arent useful.They cant really
just get same support compared to known exchanges.

nightflightcourt

jr. member

Activity: 322

Merit: 2

Quote from: Spaffin on July 02, 2020, 10:54:19 AM

To date, the political situation in the world is very tense, especially since there are a lot of military conflicts, while various kinds of terrorist organizations and crime only exacerbate the situation. Each government fights against these phenomena, as well as against illegal money laundering, as well as corruption within their countries. Based on this, it must be borne in mind that no one can hope for one hundred percent anonymity using cryptocurrency for its intended purpose. Of course, for the time being, traders and investors can exchange and trade cryptocurrency on decentralized platforms, but it seems to me that in this situation, when the government is interested in specific means, wallet addresses or an exchange platform, law enforcement agencies will immediately receive all the information that interests them, Perhaps even personal user data.

Decentralized P2P solutions have been getting smarter!
Stakenet DEX should permanently put an end to any KYC reqs for crypto-to-crypto tx
The last major hangup is at the fiat gateway.. Agoradesk is ok, but sending cash in the mail.. Risky.

Spaffin

full member

Activity: 1316

Merit: 108

To date, the political situation in the world is very tense, especially since there are a lot of military conflicts, while various kinds of terrorist organizations and crime only exacerbate the situation. Each government fights against these phenomena, as well as against illegal money laundering, as well as corruption within their countries. Based on this, it must be borne in mind that no one can hope for one hundred percent anonymity using cryptocurrency for its intended purpose. Of course, for the time being, traders and investors can exchange and trade cryptocurrency on decentralized platforms, but it seems to me that in this situation, when the government is interested in specific means, wallet addresses or an exchange platform, law enforcement agencies will immediately receive all the information that interests them, Perhaps even personal user data.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: [email protected] on July 02, 2020, 10:32:00 AM

Quote from: Wingsbtc on July 02, 2020, 10:09:34 AM

Dex aren't taking off, it's 2020 and dexs aren't getting any chances at all, this shows how crypto space is so unpredictable, the newest thing that's been discussed or talk about in crypto haven is DeFi (decentralized finance) projects

Are you sure it will bring the market to fly? do not expect too much with the updates that occur. the market now seems to have its way to surprise us. DEX has its potential and character. we will see how regulatory issues will not affect anything.

no he didnt say that itl fly but he only said that there are no improvements yet on the dex market but is it true ? if he only sees the majority of them maybe but for a few dex projects there are improvements . the defi thing is on the trend so far , this can prolly attract investors to the dex market . can we expect a rise for dex this time ? yes i want it to happen and for sure others love to see that too . also there is no regulatory issue on dex

[email protected]

full member

Activity: 1120

Merit: 101

Quote from: Wingsbtc on July 02, 2020, 10:09:34 AM

Dex aren't taking off, it's 2020 and dexs aren't getting any chances at all, this shows how crypto space is so unpredictable, the newest thing that's been discussed or talk about in crypto haven is DeFi (decentralized finance) projects

Are you sure it will bring the market to fly? do not expect too much with the updates that occur. the market now seems to have its way to surprise us. DEX has its potential and character. we will see how regulatory issues will not affect anything.

Wingsbtc

member

Activity: 210

Merit: 12

Quote from: Marckolind on October 31, 2019, 03:02:13 PM

So I'm pretty convinced that we'll see a mega bull run next year due to the BTC halving. There's probably a LOT of wealthy people looking to invest, if the price starts to skyrocket again, but as we've seen in the past, these people are all about privacy.
Remember the Panama leakage a few years back? https://www.bbc.com/news/live/business-35944255/page/2

Wealthy people is likely to hide a ton of money in crypto, and while you could argue that most of them would hold privacy coins like XMR, there's also a fear that these will be illegal, and delisted/removed from centralized exchanges eventually.

This got me thinking, that perhaps decentralized exchanges where nobody can follow your trading history will get HUGE demand.
So perhaps it's not a bad idea to look into projects like Blocknet for the next bull run? If these DEX's takes off, the coin itself will be highly sought after.

Thoughts?

Dex aren't taking off, it's 2020 and dexs aren't getting any chances at all, this shows how crypto space is so unpredictable, the newest thing that's been discussed or talk about in crypto haven is DeFi (decentralized finance) projects

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

I'm pretty sure the big money likes to play on big exchanges and don't mind regulation. DEXs still have decent volumes and those can only keep increasing as BTC markets also keep growing.
However, so long as an exchange doesn't care or doesn't bother to comply with regulatory standards, then it's unlikely that institutional investors and money from big companies will reach them. Moreover, unless DEXs find a way to connect FIAT with BTC more directly, OP's theory of large volumes just seems more unlikely.

Topic: Big money moving in next year, means greater demand for DEX projects? (Read 1563 times)