Big money moving in next year, means greater demand for DEX projects? - page 3.

KTChampions

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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.

Flux0z

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Quote from: nightflightcourt on June 16, 2020, 05:21:28 PM

Quote from: milewilda on June 16, 2020, 01:22:15 PM

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.

This is why people do really end up on centralized platforms and would really go to the process of KYC to be able to use their services.Are there any options? DEX is good but we know that we cant deal up with fiat
this is why we dont really have any paths left but to deal with dex.I dont know where they do talk about that big money that would flow out specially on Dex.We can already presume out that theres no much demand with
it, for erc20 tokens then yes but for established coins? Most of them are hanging on centralized exchange. Adoption is the key but people do stick out on where the majority go.

Everything to have a seamless non-KYC'd fiat-to-crypto bridge is in place. It's just a matter of making all the steps and components flow more elegantly.

True. Most people have no clue how big of an impact DEX's will have moving forward. CZ (Binance) knew this long ago, which is why they launched their own version, which isn't decentralized at all, lol.

nightflightcourt

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Quote from: milewilda on June 16, 2020, 01:22:15 PM

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.

This is why people do really end up on centralized platforms and would really go to the process of KYC to be able to use their services.Are there any options? DEX is good but we know that we cant deal up with fiat
this is why we dont really have any paths left but to deal with dex.I dont know where they do talk about that big money that would flow out specially on Dex.We can already presume out that theres no much demand with
it, for erc20 tokens then yes but for established coins? Most of them are hanging on centralized exchange. Adoption is the key but people do stick out on where the majority go.

Everything to have a seamless non-KYC'd fiat-to-crypto bridge is in place. It's just a matter of making all the steps and components flow more elegantly.

milewilda

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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.

This is why people do really end up on centralized platforms and would really go to the process of KYC to be able to use their services.Are there any options? DEX is good but we know that we cant deal up with fiat
this is why we dont really have any paths left but to deal with dex.I dont know where they do talk about that big money that would flow out specially on Dex.We can already presume out that theres no much demand with
it, for erc20 tokens then yes but for established coins? Most of them are hanging on centralized exchange.Adoption is the key but people do stick out on where the majority go.

Flux0z

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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.

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.

Arkann

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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.

Flux0z

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Quote from: MCobian on June 14, 2020, 06:57:59 AM

Unfortunately the BTC halving that has happened this year is not as expected by many investors, the price has indeed gone up but
did not reach all time high prices. Even so that does not mean the price of crypto can not return to the price of all time high, I still
have confidence that in 2021 the price can reach an all time high price. So the best step is to hold the crypto that you have, then
about DEX projects not happen huge demand. Because of the fact centralized exchanges are still more desirable than decentralized
exchanges. Many people need cashout in the form of fiat currency, and centralized exchanges provide these features.

True, but it would be overly optimistic to expect a massive green dildo breaking BTC's former ATH right after the halving. Look at the previous 2 halvings, and you'll see that the price actually declined first, and then slowly rose up. Give it some time.

Quote from: Russlenat on June 14, 2020, 07:20:30 AM

Quote from: MCobian on June 14, 2020, 06:57:59 AM

Unfortunately the BTC halving that has happened this year is not as expected by many investors, the price has indeed gone up but
did not reach all time high prices.

Bitcoin is unpredictable so normally majority are wrong with their expectation, but at least we see some good price improvement.

Bitcoin did not reach its ATH in halving, but the good news is while people are expecting the market will dump due to covid-19, the opposite did happen and that is a good news for us. So, maybe we should be thankful and just wait until next year maybe we will see a new ATH.

Quote from: MCobian on June 14, 2020, 06:57:59 AM

Even so that does not mean the price of crypto can not return to the price of all time high, I still
have confidence that in 2021 the price can reach an all time high price. So the best step is to hold the crypto that you have, then
about DEX projects not happen huge demand. Because of the fact centralized exchanges are still more desirable than decentralized
exchanges. Many people need cashout in the form of fiat currency, and centralized exchanges provide these features.

Huge demand but still small compared to the centralized market total trading volume.
They have billions of daily trading volume, so probably if DEX can get at least $100 million, that would be considered an improvement but not a success yet.

I believe DEX's will be in huge demand WHEN they become as easy to use as a normal CEX. Blocknet's Litewallet aims to make trading over their DEX as easy as a click of a button, which is very appealing to me.

Russlenat

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Quote from: MCobian on June 14, 2020, 06:57:59 AM

Unfortunately the BTC halving that has happened this year is not as expected by many investors, the price has indeed gone up but
did not reach all time high prices.

Bitcoin is unpredictable so normally majority are wrong with their expectation, but at least we see some good price improvement.

Bitcoin did not reach its ATH in halving, but the good news is while people are expecting the market will dump due to covid-19, the opposite did happen and that is a good news for us. So, maybe we should be thankful and just wait until next year maybe we will see a new ATH.

Quote from: MCobian on June 14, 2020, 06:57:59 AM

Even so that does not mean the price of crypto can not return to the price of all time high, I still
have confidence that in 2021 the price can reach an all time high price. So the best step is to hold the crypto that you have, then
about DEX projects not happen huge demand. Because of the fact centralized exchanges are still more desirable than decentralized
exchanges. Many people need cashout in the form of fiat currency, and centralized exchanges provide these features.

Huge demand but still small compared to the centralized market total trading volume.
They have billions of daily trading volume, so probably if DEX can get at least $100 million, that would be considered an improvement but not a success yet.

MCobian

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Unfortunately the BTC halving that has happened this year is not as expected by many investors, the price has indeed gone up but
did not reach all time high prices. Even so that does not mean the price of crypto can not return to the price of all time high, I still
have confidence that in 2021 the price can reach an all time high price. So the best step is to hold the crypto that you have, then
about DEX projects not happen huge demand. Because of the fact centralized exchanges are still more desirable than decentralized
exchanges. Many people need cashout in the form of fiat currency, and centralized exchanges provide these features.

Wh00re

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Quote from: target on May 20, 2020, 02:07:35 PM

Quote from: LeoBTCGod on May 19, 2020, 12:05:28 PM

Quote from: KTChampions on May 15, 2020, 06:04:19 PM

Quote from: Ryushin on May 15, 2020, 05:04:39 AM

The idea that Privacy lovers can start using Dex exchanges more than any is highly possible but not all privacy coins will be delisted from Centralized exchanges, and again pray that this never happens, privacy coins are lagging presently and if eventually every single one of them get delisted from Centralized exchanges there will be problem, why? Dex has no good volume, bad experience overall, low Liquidity and Dex doesn't solve hacks

I see nothing wrong with delisting private coins from centralized exchanges. Any centralized exchange contradicts the ideology of private coins. I think it will be good if they are used for what they were created for - which means they will go past centralized exchanges and will be used directly by people.

That's true, but there aren't really that many people who transact between each other, so privacy orientated coins fits nicely on decentralized exchanges.

That is not the point here. Whether they do buy privacy coin or simply BTC alone. They need to be anonymous and skip KYC no matter what and if they stay in centralize exchange, they are required the mandatory submission to KYC/AML which in turn doesn't make them anonymous.

They can be anonymous buying just about any coins as long as they are in the DEX which is why they need to move out from CEX. And if all these takes place, the liquidity could improve to be enough for good trading volume.

You can easily buy BTC locally if you want to skip KYC/AML. The biggest problem is CEX's demanding KYC just after opening an account. Regulation has definitely gotten a lot worse, and will continue to be tightened.

DEX's fit the gap pretty nicely, as if you already got a position in crypto right now, you can transact freely without anyone knowing what you hold.

GucciBoy

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Quote from: leea-1334 on June 09, 2020, 01:46:03 AM

Quote from: LeoBTCGod on June 09, 2020, 01:28:54 AM

Alright, so after playing around with the DEX, and the Litewallet (it's in Beta right now). I can safely say that I'm sure the Litewallet will catapult the volume upwards, as it's way way easier for any newbie to get started.

Pretty damn cool!

I hope so:) But it does remind me a LOT about the old Waves client,,, if you remember the super Litewallet was so fast and easy AND it accepted multiple crypto, which you could immediately use assets for just like ERC20,,, plus a DEX all built in. You could lease, and loan, and now the new version DeFi it all you want.

But still the volume took forever to grow:(

Waves is still alive and kicking as far as I know.

I believe once the bull market really kicks in, that we'll see all these services and dApps used MUCH more, which will reflect on the market price of the project itself.

Blocknet will have so much utility usages that investors are gonna FOMO in to take the fees from the services. Same can be said with other projects too.

LeoBTCGod

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Quote from: leea-1334 on June 09, 2020, 01:46:03 AM

Quote from: LeoBTCGod on June 09, 2020, 01:28:54 AM

Alright, so after playing around with the DEX, and the Litewallet (it's in Beta right now). I can safely say that I'm sure the Litewallet will catapult the volume upwards, as it's way way easier for any newbie to get started.

Pretty damn cool!

I hope so:) But it does remind me a LOT about the old Waves client,,, if you remember the super Litewallet was so fast and easy AND it accepted multiple crypto, which you could immediately use assets for just like ERC20,,, plus a DEX all built in. You could lease, and loan, and now the new version DeFi it all you want.

But still the volume took forever to grow:(

The volume takes time to "mature" into something huge. I do however believe that more and more people is starting to care about their privacy, now when Coinbase is collaborating with the IRS and the government to expose traders identity.
Source:
https://www.reddit.com/r/CryptoCurrency/comments/gz14hn/coinbase_is_fueling_increased_us_govt/

leea-1334

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Quote from: LeoBTCGod on June 09, 2020, 01:28:54 AM

Alright, so after playing around with the DEX, and the Litewallet (it's in Beta right now). I can safely say that I'm sure the Litewallet will catapult the volume upwards, as it's way way easier for any newbie to get started.

Pretty damn cool!

I hope so:) But it does remind me a LOT about the old Waves client,,, if you remember the super Litewallet was so fast and easy AND it accepted multiple crypto, which you could immediately use assets for just like ERC20,,, plus a DEX all built in. You could lease, and loan, and now the new version DeFi it all you want.

But still the volume took forever to grow:(

LeoBTCGod

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Alright, so after playing around with the DEX, and the Litewallet (it's in Beta right now). I can safely say that I'm sure the Litewallet will catapult the volume upwards, as it's way way easier for any newbie to get started.

Pretty damn cool!

GucciBoy

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Quote from: JumangiMan on May 28, 2020, 11:42:15 AM

Big money is already here! Wall Street already own more BTC then Satoshi!
https://newsblockchain.io/news/grayscales-continuous-growth-hitting-38-billion-usd

These wallstreet guys doesn't give a shit about decentralization, so it really doesn't matter. The public needs to wake up, and they will eventually. Which will put a TON of pressure on DEX's worldwide as they'll be used as money transmitters by people not wanting to expose their identity. There are many reasons for this, doesn't have to be illegal stuff.

Wh00re

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Quote from: cepot9 on May 28, 2020, 12:53:54 PM

There is no definite movement about this, I am waiting but it seems to be ignored and come back when there is big news. At present, they only have fake volumes that are moving for popularity.

Oh the irony. DEX's has millions of dollars in daily volume, and they keep getting more and more traffic from people sick and tired of undergoing KYC/AML on traditional exchanges.

Coinbase goes down every time BTC does a major pump/dump, a DEX will never face this issue as it's decentralized and is hosted from multiple places.

BTCXRPADA

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Quote from: cepot9 on May 28, 2020, 12:53:54 PM

There is no definite movement about this, I am waiting but it seems to be ignored and come back when there is big news. At present, they only have fake volumes that are moving for popularity.

Where do you see fake volume on DEX's? As far as I know there isn't any, I coul be wrong though. From looking at: https://twitter.com/dxstats it seems like Blocknet has a lot of swings in daily volume. Anything from $20k - $1k / day. Which is more than it was last year, where only a few hundred dollars worth was traded on there daily.

Flux0z

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Quote from: JumangiMan on May 28, 2020, 11:42:15 AM

Big money is already here! Wall Street already own more BTC then Satoshi!
https://newsblockchain.io/news/grayscales-continuous-growth-hitting-38-billion-usd

This is only the beginning. We need venture capital firms, and millionaires to enter the scene, which will make the whole market boom yet again. Once we break $20k alt's will likely surge once more.

Quote from: cepot9 on May 28, 2020, 12:53:54 PM

There is no definite movement about this, I am waiting but it seems to be ignored and come back when there is big news. At present, they only have fake volumes that are moving for popularity.

DEX's are being worked on constantly, and they get better and better. The growth of these DEX's (in volume) has grown into the millions already.

cepot9

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There is no definite movement about this, I am waiting but it seems to be ignored and come back when there is big news. At present, they only have fake volumes that are moving for popularity.

JumangiMan

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Big money is already here! Wall Street already own more BTC then Satoshi!
https://newsblockchain.io/news/grayscales-continuous-growth-hitting-38-billion-usd

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