Big money moving in next year, means greater demand for DEX projects? - page 2.

LeoBTCGod

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Quote from: btc78 on July 01, 2020, 02:53:01 AM

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?

We are now in middle of 2020,what is the development of this?DEX's have already taking off?

looks like nothing has coming in this direction.though lets see what comes this 3rd quarter because many analysis are pointing towards this season is the start of the great Bullying as the effect of halving.

Quote from: leyton11 on June 26, 2020, 03:38:15 AM

I don't think it's an act that shows that whales need DEX. Because there is not any DEX that can have a good enough volume to trade, besides the transaction fee is very high so DEX is always something that whales do not like. All coin transfers are just trading in their contracts, leaving me to assert that they will not use DEX for their plans.

This point are all valid,The Higher fees of DEX that many Good traders are preventing using this.

DEX usage has only increased the past year. It's a slow process to move people from centralized exchanges to DEX's, but it sure is happening. Have some patience, lol.

Blocknet's volume has more than 10x'ed the past year on a daily basis, so there is definitely more people making use of DEX's today than there was a year ago.

DEX's are constantly improved to make them easier to navigate and trade on - In the end we don't even need CEX's.

btc78

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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?

We are now in middle of 2020,what is the development of this?DEX's have already taking off?

looks like nothing has coming in this direction.though lets see what comes this 3rd quarter because many analysis are pointing towards this season is the start of the great Bullying as the effect of halving.

Quote from: leyton11 on June 26, 2020, 03:38:15 AM

I don't think it's an act that shows that whales need DEX. Because there is not any DEX that can have a good enough volume to trade, besides the transaction fee is very high so DEX is always something that whales do not like. All coin transfers are just trading in their contracts, leaving me to assert that they will not use DEX for their plans.

This point are all valid,The Higher fees of DEX that many Good traders are preventing using this.

Wh00re

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Quote from: Bitstar_coin on June 26, 2020, 04:32:43 AM

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?

Well Next year at the time of this post was suppose to be this year for the mega bull run, but for some unforseen circumstances the btc halving did not witness such huge mega run at least not yet, we are at the end of quarter 2, still have 2 more quarters to go, so hopefully the after effect of btc halving will be at or towards the end of the year just like that of 2017,

But till now Decentralize exchange have not receive so much attention like centralize exchange, although there are new more dex lately than before but the demand still not as high as cex.

Rome wasn't built in a day.

The BTC halving WILL have a positive effect on the BTC price moving forward, but we need to be patient for it. Same for DEX's. DEX's has 10xed their volume the past year, and the amount of people trading is increasing month after month.

A year ago the Blocknet DEX had like $100 in volume/day at the very max. Recently they've hovered around $2k - $10k... Some days MUCH higher. More and more people is starting to wake up to the fact that centralized exchanges is NOT safe to trade on.

Bitstar_coin

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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?

Well Next year at the time of this post was suppose to be this year for the mega bull run, but for some unforseen circumstances the btc halving did not witness such huge mega run at least not yet, we are at the end of quarter 2, still have 2 more quarters to go, so hopefully the after effect of btc halving will be at or towards the end of the year just like that of 2017,

But till now Decentralize exchange have not receive so much attention like centralize exchange, although there are new more dex lately than before but the demand still not as high as cex.

kotajikikox

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Quote from: leyton11 on June 26, 2020, 03:38:15 AM

I don't think it's an act that shows that whales need DEX. Because there is not any DEX that can have a good enough volume to trade, besides the transaction fee is very high so DEX is always something that whales do not like. All coin transfers are just trading in their contracts, leaving me to assert that they will not use DEX for their plans.

Maybe if they have no other option then they will consider DEX but for sure it will never happen because there are few chances that this will be profitable for traders.

Quote from: coronga on June 18, 2020, 10:42:51 PM

Imagine a group of people doing "something", and the outsiders start to notice and want to join in. Next thing you know the group is now a community, and continues to grow.
The "something" has to be a need for people to want to get involved.

So whats the POint?this is going to the Moon sooner?we will expect Higher and better next time?hope this will be the views of majority here but it seems only few support the thoughts .

leyton11

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I don't think it's an act that shows that whales need DEX. Because there is not any DEX that can have a good enough volume to trade, besides the transaction fee is very high so DEX is always something that whales do not like. All coin transfers are just trading in their contracts, leaving me to assert that they will not use DEX for their plans.

KTChampions

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Quote from: Marckolind on June 25, 2020, 01:16:32 PM

You cannot regulate a DEX even if you tried to. The Blocknet DEX cannot be shut down, not even by the devs themselves as they do NOT own it, nobody "owns" the DEX, which makes it truly decentralized.

There will ALWAYS be a need for decentralized trading. You're pretty delusional if you think otherwise.

Ye? Really? Who owns the domain of the unregulated DEX site? Server? IP address? All of these people can be found and then either block them or receive information from them to identify DEX clients. The digital footprint is even harder to hide than in real life. I think that if the authorities want to find someone, they will do it quite easily.

Marckolind

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Quote from: KTChampions on June 24, 2020, 03:54:26 PM

Quote from: Flux0z on June 19, 2020, 08:14:43 AM

Quote from: KTChampions on June 18, 2020, 04:27:49 PM

1.) This process is going on, but too slowly. And we need a result now and not "later." Therefore, we have to act in existing realities and choose bad (relatively beautiful future) options.

2.) Both options have their own risks. And both options are good in some ways, and bad in something. I need an option without flaws Grin

Unfortunately, it is too early to hope for his appearance.
In terms of anonymity, Monero is perfect, but in terms of adoption ... like all other cryptocurrencies Undecided

Adoption takes time man. It took BTC 10 YEARS to be where it is today. Those who have patience in this market comes up with the biggest ROI, that's my thought process anyway.

The need for truly decentralized DEX's will be HUGE as regulation kicks in. Blocknet predicted this years ago.

Right. But not all good projects ended successfully, some projects were supplanted by more successful ones (do you remember how quickly pagers disappeared?).
As for the DEX's, I see an unsolvable problem: the state will never give up its powers and will always regulate this. But adjustable DEX is nonsense and nobody needs it.

You cannot regulate a DEX even if you tried to. The Blocknet DEX cannot be shut down, not even by the devs themselves as they do NOT own it, nobody "owns" the DEX, which makes it truly decentralized.

There will ALWAYS be a need for decentralized trading. You're pretty delusional if you think otherwise.

KTChampions

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Quote from: Flux0z on June 19, 2020, 08:14:43 AM

Quote from: KTChampions on June 18, 2020, 04:27:49 PM

1.) This process is going on, but too slowly. And we need a result now and not "later." Therefore, we have to act in existing realities and choose bad (relatively beautiful future) options.

2.) Both options have their own risks. And both options are good in some ways, and bad in something. I need an option without flaws Grin

Unfortunately, it is too early to hope for his appearance.
In terms of anonymity, Monero is perfect, but in terms of adoption ... like all other cryptocurrencies Undecided

Adoption takes time man. It took BTC 10 YEARS to be where it is today. Those who have patience in this market comes up with the biggest ROI, that's my thought process anyway.

The need for truly decentralized DEX's will be HUGE as regulation kicks in. Blocknet predicted this years ago.

Right. But not all good projects ended successfully, some projects were supplanted by more successful ones (do you remember how quickly pagers disappeared?).
As for the DEX's, I see an unsolvable problem: the state will never give up its powers and will always regulate this. But adjustable DEX is nonsense and nobody needs it.

Woodie

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Quote from: Slash61 on June 19, 2020, 09:41:53 AM

Quote from: Flux0z on June 19, 2020, 08:14:43 AM

Adoption takes time man. It took BTC 10 YEARS to be where it is today. Those who have patience in this market comes up with the biggest ROI, that's my thought process anyway.

The need for truly decentralized DEX's will be HUGE as regulation kicks in. Blocknet predicted this years ago.

do not equate BTC then and now. the conditions were very different at the time, people's views on crypto were different now. Improving the current adoption of good new projects is very easy. many communities can be contacted. I think when developers get serious they can make a big move in the first year or two of the platform being launched.

I agree with you! Projects of today have it easy because people don't see these coins as a medium of payment for illegal stuff like they did with bitcoin. Altcoins can easily be successful thanks to Defi's as of today which tap into liquid pools that help with liquidity and keep them afloat.

2020Crypto

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Quote from: [email protected] on June 19, 2020, 10:43:16 AM

Quote from: Bezobraznike on June 19, 2020, 10:13:55 AM

I agree with Flux0z, adoption takes time. Conditions are different Slash61, but DEX will have to wait many
more years, beacause attention is on CEX. New people hardly understand crypto-currencies, we can't bother
them with CEX and DEX, they heard for Binance, for other big crypto-exchanges, how traders make money
there, and they will need time to learn about DEX.
Time for DEX is coming, one day CEX will be behind DEX, but maybe for +10 years, if not a lot longer.

the development will indeed require a long time. we cannot measure that time for sure but in the current achievements, DEX is good enough to have a large trader. but as you said, a great time for DEX will occur in the future.

True. I believe accumulating DEX projects is a good idea if you plan on making passive income for life. It's a gamble like everything else, but a good one, as it could pay off for life, basically. Wink

BTCXRPADA

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Quote from: [email protected] on June 19, 2020, 10:43:16 AM

Quote from: Bezobraznike on June 19, 2020, 10:13:55 AM

I agree with Flux0z, adoption takes time. Conditions are different Slash61, but DEX will have to wait many
more years, beacause attention is on CEX. New people hardly understand crypto-currencies, we can't bother
them with CEX and DEX, they heard for Binance, for other big crypto-exchanges, how traders make money
there, and they will need time to learn about DEX.
Time for DEX is coming, one day CEX will be behind DEX, but maybe for +10 years, if not a lot longer.

the development will indeed require a long time. we cannot measure that time for sure but in the current achievements, DEX is good enough to have a large trader. but as you said, a great time for DEX will occur in the future.

As soon as people realize they can make tons of money from running nodes on DEX's such as Blocknet. Good passive money, then I'm sure as volume picks up that we'll see a snowball effect on the use cases of DEX's.

[email protected]

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Quote from: Bezobraznike on June 19, 2020, 10:13:55 AM

I agree with Flux0z, adoption takes time. Conditions are different Slash61, but DEX will have to wait many
more years, beacause attention is on CEX. New people hardly understand crypto-currencies, we can't bother
them with CEX and DEX, they heard for Binance, for other big crypto-exchanges, how traders make money
there, and they will need time to learn about DEX.
Time for DEX is coming, one day CEX will be behind DEX, but maybe for +10 years, if not a lot longer.

the development will indeed require a long time. we cannot measure that time for sure but in the current achievements, DEX is good enough to have a large trader. but as you said, a great time for DEX will occur in the future.

Bezobraznike

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Quote from: Slash61 on June 19, 2020, 09:41:53 AM

Quote from: Flux0z on June 19, 2020, 08:14:43 AM

Adoption takes time man. It took BTC 10 YEARS to be where it is today. Those who have patience in this market comes up with the biggest ROI, that's my thought process anyway.

The need for truly decentralized DEX's will be HUGE as regulation kicks in. Blocknet predicted this years ago.

do not equate BTC then and now. the conditions were very different at the time, people's views on crypto were different now. Improving the current adoption of good new projects is very easy. many communities can be contacted. I think when developers get serious they can make a big move in the first year or two of the platform being launched.

I agree with Flux0z, adoption takes time. Conditions are different Slash61, but DEX will have to wait many
more years, beacause attention is on CEX. New people hardly understand crypto-currencies, we can't bother
them with CEX and DEX, they heard for Binance, for other big crypto-exchanges, how traders make money
there, and they will need time to learn about DEX.
Time for DEX is coming, one day CEX will be behind DEX, but maybe for +10 years, if not a lot longer.

Slash61

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Quote from: Flux0z on June 19, 2020, 08:14:43 AM

Adoption takes time man. It took BTC 10 YEARS to be where it is today. Those who have patience in this market comes up with the biggest ROI, that's my thought process anyway.

The need for truly decentralized DEX's will be HUGE as regulation kicks in. Blocknet predicted this years ago.

do not equate BTC then and now. the conditions were very different at the time, people's views on crypto were different now. Improving the current adoption of good new projects is very easy. many communities can be contacted. I think when developers get serious they can make a big move in the first year or two of the platform being launched.

leea-1334

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Quote from: Arkann on June 16, 2020, 07:25:07 AM

One way or another, in many states for this period the legislative framework regarding the legalization of cryptocurrency circulation is adopted. In addition, there is a very strict control over the turnover of financial resources of each person, which increases the demand of centralized exchangers in the cryptocurrency market. Of course, a decentralized cryptocurrency exchange exists regardless of any state, and each cryptocurrency user can safely trade cryptocurrency without any consequences. But what a joy it will be that you will have a large amount of cryptocurrency funds worth millions of dollars and at the same time not be able to use them in real life, since in all states you need to indicate your income in declarations. although there is still the only chance to make a difference, it is to use offshore zones, but only a small part of cryptocurrency users can take advantage of these opportunities.

Yes, one way or other, they will have to move to put into law how they will deal with it,,, most countries already realize this. And eventually, just like gambling or other perceived vice, they will have to be as relaxed as possible. Fighting it only makes it worse to control. Just see what happened in Iran and venezuela as examples.

Flux0z

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Quote from: KTChampions on June 18, 2020, 04:27:49 PM

Quote from: Flux0z on June 18, 2020, 01:38:28 PM

Quote from: KTChampions on June 17, 2020, 04:12:22 PM

Many people try to avoid just this (I marked in bold). This carries great risks and contradicts anonymity.
As for the demand for DEX, it already exists, but there is no fiat. If it was there, then I think this "explosion" would have already taken place.

True. In the future we wont NEED FIAT though. Cryptocurrencies is accepted as a means of money MANY places, and the adoption keeps increasing every year. [1]

You are far more private dealing face 2 face, than to transfer money to a centralized exchange like Coinbase, who then reports all your trades to the IRS.

[2]

1.) This process is going on, but too slowly. And we need a result now and not "later." Therefore, we have to act in existing realities and choose bad (relatively beautiful future) options.

2.) Both options have their own risks. And both options are good in some ways, and bad in something. I need an option without flaws Grin

Unfortunately, it is too early to hope for his appearance.
In terms of anonymity, Monero is perfect, but in terms of adoption ... like all other cryptocurrencies Undecided

Adoption takes time man. It took BTC 10 YEARS to be where it is today. Those who have patience in this market comes up with the biggest ROI, that's my thought process anyway.

The need for truly decentralized DEX's will be HUGE as regulation kicks in. Blocknet predicted this years ago.

coronga

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refercoins.com

Imagine a group of people doing "something", and the outsiders start to notice and want to join in. Next thing you know the group is now a community, and continues to grow.
The "something" has to be a need for people to want to get involved.

KTChampions

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Quote from: Flux0z on June 18, 2020, 01:38:28 PM

Quote from: KTChampions on June 17, 2020, 04:12:22 PM

Many people try to avoid just this (I marked in bold). This carries great risks and contradicts anonymity.
As for the demand for DEX, it already exists, but there is no fiat. If it was there, then I think this "explosion" would have already taken place.

True. In the future we wont NEED FIAT though. Cryptocurrencies is accepted as a means of money MANY places, and the adoption keeps increasing every year. [1]

You are far more private dealing face 2 face, than to transfer money to a centralized exchange like Coinbase, who then reports all your trades to the IRS.

[2]

1.) This process is going on, but too slowly. And we need a result now and not "later." Therefore, we have to act in existing realities and choose bad (relatively beautiful future) options.

2.) Both options have their own risks. And both options are good in some ways, and bad in something. I need an option without flaws Grin

Unfortunately, it is too early to hope for his appearance.
In terms of anonymity, Monero is perfect, but in terms of adoption ... like all other cryptocurrencies Undecided

Flux0z

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Quote from: KTChampions on June 17, 2020, 04:12:22 PM

Quote from: Flux0z on June 16, 2020, 01:12:18 PM

If you're sitting on millions worth of crypto, you either got extremely lucky, or you're extremely wealthy. If you're sitting on $100k worth, you can easily spend it for everyday uses without exposing yourself. There are groups where you can exchange FIAT => Crypto and vice versa, where you meet up face to face and do the deal. Similar to LocalBitcoins.

Demand for DEX's will explode eventually, no doubt.

Many people try to avoid just this (I marked in bold). This carries great risks and contradicts anonymity.
As for the demand for DEX, it already exists, but there is no fiat. If it was there, then I think this "explosion" would have already taken place.

True. In the future we wont NEED FIAT though. Cryptocurrencies is accepted as a means of money MANY places, and the adoption keeps increasing every year.

You are far more private dealing face 2 face, than to transfer money to a centralized exchange like Coinbase, who then reports all your trades to the IRS.

Topic: Big money moving in next year, means greater demand for DEX projects? - page 2. (Read 1563 times)