Topic: Big money moving in next year, means greater demand for DEX projects? - page 4. (Read 1593 times)

Quote from: KTChampions on May 15, 2020, 05:04:19 PM

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.

XMR is dominating the volume on Bisq from what I can see, twice as much volume compared with BTC, which is pretty damn surprising.

XMR has recently been added to Blocknet's XRouter, which is pretty damn cool

So has NEO, so they are definitely making good progress, Grin

(Yeah I hold NEO, so this is good news for the NEO community as well).

Marckolind

jr. member

Activity: 352

Merit: 3

Quote from: KTChampions on May 15, 2020, 05:04:19 PM

Quote from: Flux0z on May 21, 2020, 10:37:17 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.

XMR is dominating the volume on Bisq from what I can see, twice as much volume compared with BTC, which is pretty damn surprising.

XMR has recently been added to Blocknet's XRouter, which is pretty damn cool

LeoBTCGod

jr. member

Activity: 60

Merit: 1

Quote from: monineklutak on May 13, 2020, 01:04:42 PM

we are already in Q2 2020, and no Big Money has yet arrived,
and no DEX project has gone up to All Time High, maybe not this year, still seeing

The altcoin run has only just started, slowly but steadily will BTC lose it's dominance, trust me. The market moves in cycles.

DEX's will be used by millions of people in the future, why else do you think Binance made their own (fake) DEX? They are afraid of the competition. It's that simple.

I did some research on Blocknet, since it's mentioned by the OP, and apparently you need to download the full blockchains you want to trade before accessing the DEX. This is not very user friendly, which is why the DEX itself doesn't get as much trade volume yet

However, they are soon releasing their Litewallet which doesn't require this - Instead you just download, send funds to the wallet, and trade with a simple button, much like Shapeshift in a way. Pretty damn cool, and definitely something I think will 10x the volume on the Blocknet DEX in no time - Especially because it's not a DEX based on ETH.

Flux0z

member

Activity: 406

Merit: 10

Quote from: monineklutak on May 13, 2020, 01:04:42 PM

we are already in Q2 2020, and no Big Money has yet arrived,
and no DEX project has gone up to All Time High, maybe not this year, still seeing

The altcoin run has only just started, slowly but steadily will BTC lose it's dominance, trust me. The market moves in cycles.

DEX's will be used by millions of people in the future, why else do you think Binance made their own (fake) DEX? They are afraid of the competition. It's that simple.

LeoBTCGod

jr. member

Activity: 60

Merit: 1

Quote from: target on May 20, 2020, 01:07:35 PM

Quote from: KTChampions on May 15, 2020, 05:04:19 PM

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.

That's pretty much what I meant. Anyone looking to get into privacy coins should do so on a DEX, and NOT a centralized exchange which can easily match your identity with your Monero address you use to withdraw to.

However, if you buy BTC on Coinbase, send it to your wallet. Open up the Blocknet DX platform, and exchange it for a privacy coin, nobody can track you down, since as soon as you exchange for another coin, you're trails are vanished pretty much.

target

legendary

Activity: 2282

Merit: 1041

Quote from: KTChampions on May 15, 2020, 05:04:19 PM

Quote from: KTChampions on May 15, 2020, 05:04:19 PM

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.

LeoBTCGod

jr. member

Activity: 60

Merit: 1

Quote from: Wh00re on May 14, 2020, 10:05:18 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.

Wh00re

newbie

Activity: 122

Merit: 0

More than $200 million dollars is traded weekly on DEX's and these numbers are getting higher and higher. Just saying....

How real are these volumes? Probably 99%, like on any other exchanges, is a fake. Plus, I think that this data is expressed in dollars, but it was not the dollar in the trading pairs - only cryptocurrencies.
[/quote]

I'm sure volume on DEX's are WAY less manipulated than traditional exchanges. Why? Because there's no real incentive to wash trade on a DEX, since it's not owned by any central authority, hence why it's pretty pointless. Most DEX's isnt even listed on Coinmarketcap and sites similar to that, so again there's no real reason to "compete" on volume.

Giving up all your personal info to a central place isn't exacty what everyone wants, IF they can get around it.

Flux0z

member

Activity: 406

Merit: 10

Im not already hoping for such thing even though most of us do prefer decentralization but lets give this one to centralized platforms on where there are really things which are only good for a specific area even if we do need to sent out documents but we know on what are the benefits that we do get.We cant make fiat transactions on dex just earlier mentioned thats why i dont see a reason why would big money will flow
into this area if centralized exchangers are doing the things which had been commonly preferred?

In short we lack a truly good decentralized exchange and we have seen many coming up with their DEX but till now there is not much interest from majority of the users as we are not seeing the liquidity and volume like we see in centralized exchanges and even with KYC and other mandatory conditions people still like to trade in centralized exchange.

DEX's is still in their "infancy" and takes time to be adopted. We don't need FIAT to trade, but can instead use stable coins to "cash out" or at least transact to something we know is stable. Moving money in and out can be done via centralized services, such as Coinbase, it's really not that big of a deal in the end.

True privacy while trading is something a LOT of people want, trust me.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: Btc_1856 on May 15, 2020, 04:11:54 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.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: Russlenat on May 15, 2020, 12:57:57 AM

Quote from: Russlenat on May 15, 2020, 12:57:57 AM

Im not already hoping for such thing even though most of us do prefer decentralization but lets give this one to centralized platforms on where there are really things which are only good for a specific area even if we do need to sent out documents but we know on what are the benefits that we do get.We cant make fiat transactions on dex just earlier mentioned thats why i dont see a reason why would big money will flow
into this area if centralized exchangers are doing the things which had been commonly preferred?

In short we lack a truly good decentralized exchange and we have seen many coming up with their DEX but till now there is not much interest from majority of the users as we are not seeing the liquidity and volume like we see in centralized exchanges and even with KYC and other mandatory conditions people still like to trade in centralized exchange.

It seems like a decentralized exchange will never succeed due to the fact that we are all required to comply with the regulation.
I don't know how serious Binance is wit their DEX, but the way I see, it's not moving as people are expecting it to move, it's not the DEX they expected as well.

maybe soon or in the future, there will be one that will rule in the decentralized exchange market, but that is really a big challenge slicing some volume from the Centralized Exchanges.

Decentralized exchanges are facing problems with the investors because once the price of ETH decreases the value of concerned are decreasing a lot in the market. This makes many people are not trading when the ETH price is low, once the price of ETH coin recovers, there is a huge chance for DEX platforms to increase their volume.

That remains to be seen because it does not automatically imply that when ETH rises, ETH tokens will also rise.

No, things might change in the future, the ICO hype is already dead so we will not be able to see fresh projects to be traded in DEX since it's already catered now in centralized exchanges like Binances in a crowdsale platform called IEO or Initial Exchange offering.

Btc_1856

sr. member

Activity: 1540

Merit: 255

Im not already hoping for such thing even though most of us do prefer decentralization but lets give this one to centralized platforms on where there are really things which are only good for a specific area even if we do need to sent out documents but we know on what are the benefits that we do get.We cant make fiat transactions on dex just earlier mentioned thats why i dont see a reason why would big money will flow
into this area if centralized exchangers are doing the things which had been commonly preferred?

In short we lack a truly good decentralized exchange and we have seen many coming up with their DEX but till now there is not much interest from majority of the users as we are not seeing the liquidity and volume like we see in centralized exchanges and even with KYC and other mandatory conditions people still like to trade in centralized exchange.

It seems like a decentralized exchange will never succeed due to the fact that we are all required to comply with the regulation.
I don't know how serious Binance is wit their DEX, but the way I see, it's not moving as people are expecting it to move, it's not the DEX they expected as well.

maybe soon or in the future, there will be one that will rule in the decentralized exchange market, but that is really a big challenge slicing some volume from the Centralized Exchanges.

Decentralized exchanges are facing problems with the investors because once the price of ETH decreases the value of concerned are decreasing a lot in the market. This makes many people are not trading when the ETH price is low, once the price of ETH coin recovers, there is a huge chance for DEX platforms to increase their volume.

Ryushin

member

Activity: 322

Merit: 10

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

Russlenat

hero member

Activity: 2716

Merit: 904

Im not already hoping for such thing even though most of us do prefer decentralization but lets give this one to centralized platforms on where there are really things which are only good for a specific area even if we do need to sent out documents but we know on what are the benefits that we do get.We cant make fiat transactions on dex just earlier mentioned thats why i dont see a reason why would big money will flow
into this area if centralized exchangers are doing the things which had been commonly preferred?

In short we lack a truly good decentralized exchange and we have seen many coming up with their DEX but till now there is not much interest from majority of the users as we are not seeing the liquidity and volume like we see in centralized exchanges and even with KYC and other mandatory conditions people still like to trade in centralized exchange.

It seems like a decentralized exchange will never succeed due to the fact that we are all required to comply with the regulation.
I don't know how serious Binance is wit their DEX, but the way I see, it's not moving as people are expecting it to move, it's not the DEX they expected as well.

maybe soon or in the future, there will be one that will rule in the decentralized exchange market, but that is really a big challenge slicing some volume from the Centralized Exchanges.

BChydro

hero member

Activity: 1426

Merit: 506

Quote from: KTChampions on May 14, 2020, 03:06:36 PM

Im not already hoping for such thing even though most of us do prefer decentralization but lets give this one to centralized platforms on where there are really things which are only good for a specific area even if we do need to sent out documents but we know on what are the benefits that we do get.We cant make fiat transactions on dex just earlier mentioned thats why i dont see a reason why would big money will flow
into this area if centralized exchangers are doing the things which had been commonly preferred?

In short we lack a truly good decentralized exchange and we have seen many coming up with their DEX but till now there is not much interest from majority of the users as we are not seeing the liquidity and volume like we see in centralized exchanges and even with KYC and other mandatory conditions people still like to trade in centralized exchange.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: KTChampions on May 13, 2020, 03:38:31 PM

I think the situation will be the same in a year. And in general, I think this is the wrong position "to wait for the arrival of a Big Money." Many different infrastructure projects have already been created and if we need them, then we must use them. But instead, many "crypto enthusiasts" are only waiting for the price increase for their crypto assets to get rid of them at a good price Undecided

Im not already hoping for such thing even though most of us do prefer decentralization but lets give this one to centralized platforms on where there are really things which are only good for a specific area even if we do need to sent out documents but we know on what are the benefits that we do get.We cant make fiat transactions on dex just earlier mentioned thats why i dont see a reason why would big money will flow
into this area if centralized exchangers are doing the things which had been commonly preferred?

You are right - there is practically no fiat on decentralized exchanges, so there is no “big money” to try to get there. Fiat is complete control by the regulators and transparency in front of them - this is clearly contrary to the ideology of crypto, so I do not think that in the future it will be possible to combine these two things: decentralization and fiat.

Theres nothing we can do about this matter but to accept the reality that this two things wont collaborate.
I agree on what have said that there are certain areas on which centralized platforms can only perform on
which Dex platforms cant.Lots of gossips and presumptions that there would be a big money that flow
out to decentralized places but that doesnt easily works.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform