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Topic: Big money moving in next year, means greater demand for DEX projects? - page 7. (Read 1563 times)

jr. member
Activity: 322
Merit: 2
IF you think DEXs are slow, look how fast Stakenet's Lightning Swaps are
https://www.youtube.com/watch?v=yLq7xIjf_hc
Lightning swaps are the future of trading!  Grin
legendary
Activity: 1512
Merit: 1011
Bitcoin halving doesn't have a correlation with DApps.

IMO DAass will surge for another reason. People are looking more and more for trusted ways to operate a service, like smart contracts. EOS and Tron are providing great and fast networks for gambling transactions. And as per currents trends, gambling is the current crypto engine. 
hero member
Activity: 1470
Merit: 509
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?
I can not argue that you are right or wrong about this. But, I think it is a little exaggerated. Investors do not need to act suddenly to make this investment. They can also make this investment until the halving. Even, if they think it will increase in the future, it would be more appropriate for them to collect from the cheap price without wasting time.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
DEX markets seem to be quite the hype right now, as opposed to what everyone is going for: centralization, legalization to the governments and whatnot. The idea of privacy has yet again been alive due to the multitude of issues surrounding it, and it's high time for devs to invent or to revive the idea without being too obvious that they're just in it for the money. Just like any other hyped-up ideas, the DEX altcoin markets will just die off in vain, as governments would surely be chasing over its legality and of course, whether they can maintain their volumes and the hype surrounding them or not.
jr. member
Activity: 322
Merit: 2
I went pretty deep in Stakenet. I think there will be a DEX bubble when the bull market really starts to move
copper member
Activity: 490
Merit: 2
I think that decentralised exchanges are going to be the next trend as it was with STOs and IEOs. People are tired of centralised exchanges and anonymity and own funds control is getting more and more important nowadays.
hero member
Activity: 2828
Merit: 611
I know that privacy coin are the future and not even because of bull run, because they are the ones who truly represent the cryptocurrency market along with bitcoin also because of their decentralized technology.

DEX is actually supposed to be the exchange that we should be using, but I don’t know reason why people have abandoned DEXexchange for centralized exchanges, because looking at what the cryptocurrency really should stand for, I think that we were never meant to even have anything like centralized exchanges other than DEX exchanges, but I think that people are beginning to be opened to DEX exchanges too as they have seen that many of these centralized exchanges do not really have any future plan for us other than to control us like the way banks are controlling us with all these KYC thing.
full member
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
I dont think so. Although terrorists often hold large sums of money, only a few such units will not be able to create a market.
DEX is actually quite convenient but now it is no different from centralized exchanges where DEXs all want users to sign up for email and conduct KYC to trade large amounts of money. It seems that DEXs have not received much support in the past.
sr. member
Activity: 1190
Merit: 256
With the way things are going now, the market is kind of stable at the moment. I believe a good price movement is coming soon. Since BAKKT has already been gradually progressing it will sure open a way for big investors to come in. But I don't believe it will be on DEX projects. A bull run is imminent but no timeline for that.
sr. member
Activity: 1064
Merit: 253
im sure that in the next or several years, big money will enter this cryptocurrency market. the market is too oversold and should improve to be alive

but, i doubt that it means greater demand for DEX projects. DEX gets small attention from investor. you can see from trading volume is so low

DEX needs more time to be good, but i think it wouldnt in the near future

What do you mean by you are sure that big money will enter in the cryptocurrency market, when you are also saying that the market is too oversold and should be improved at the same time? If the market is too oversold then it is expected that there will be money coming out of it rather than going in. But I think you are wrong in saying that the market is too oversold. It is not even oversold anymore. That is so 2017ish a remark. After 2017, the market has even gone into a state of being undersold. And this is probably a sign that there will be money coming in rather than going out.
Its also doesnt make sense why big playerd would go to decentralized exchanges cos they are going to have a problem with liquididty. Most of them rely on established exchanges.
Centralized exchange has better chance to supply their orders.
hero member
Activity: 2996
Merit: 609
Youre just simply side advertising that Blocknet thing and also I don't really give too much attention into those kind of sayings and presumptions that on next year
there would be some big money moving or would flow to crypto in next year.

Nothing is certain which we cant conclude if it would pump or would just simply still moving on sideways. DEX is still there but majority would still prefer on using CEX ones.
legendary
Activity: 1652
Merit: 1007
I think DEX exchanges booming will be an afterthought. Most speculators believe the Bitcoin halving will be the crowd drawer and new investors will look at alternative coins to try and find a repeat performance of Bitcoin price trajectory. But some think Bakkt's efforts to push Bitcoin use mainstream is the real booster.
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
People already tired of using Decentralized exchanges. Because altcoins market can move over 50% if you are going to trade large amounts. Traders always want to get in without paying over market price.

Here is an example that big traders already started using decentralized exchanges.

full member
Activity: 1064
Merit: 101
HELENA
yes maybe DEX will become popular next year. but I'm not sure all DEX will succeed, only DEX with good quality and reputation will be sought. and most DEX currently doesn't have these two things, maybe there are only a few that are up to standard. so even though DEX will be popular but it's not as easy as someone using DEX. they will definitely look for the best.
sr. member
Activity: 1274
Merit: 267
How long that DEX you've mentioned has been operating? if it's still new, I doubt it that many will easily put their trust into it. Why use some unknown DEX if there are already existing and reputed ones to use and start trading?

What is the correlation between DEX and bullrun?
Base on the explanation he made, the halving can trigger the bull run which will encourage more investors to come. And once they are already here, many of them will consider the importance of their anonymity and that's why he correlated DEX to bull run.
In my opinion it doesn't matter a new or old platform. It's about how great the service a platform can provide. Just like how people use a BitMex while it was just a new platform. Yepp, BitMex is not a DEX but it was a new platform and people use it in rush.

Many trader will love the anonymity, but won't be that many. I feel like most traders are a follower, just an ordinary person with not that much asset to trade and they need the great overall service more than anonymity.

full member
Activity: 378
Merit: 101
Estimated.Pro - Crypto Signals. Free.
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?

This might be the case, but it is also worth noting that DEXes need a lot more work in order to be nearly as good as centralized exchanges. It is unfortunate, but it is true — just like cryptos, DEXes are far from reaching their full potential. Maybe their development speeds up if there is demand, but i think not. I think that they simply need time, since developers have problems that need figuring out, not just applying the fix.
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
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?
I get your opinion that most wealthy people wanted to hide their crypto wealth but remember that DEX’s purpose are not to conceal transactions rather its a kind of a P2P exchange without intermediaries but still every transactions are transparent and recorded in a ledger. If the demand for DEX’s is high It could dominate the centralised long before but I bet traders would still prefer the regulated one.
legendary
Activity: 2982
Merit: 1149
Leading Crypto Sports Betting & Casino Platform
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?

Sure, but that's a 2 edged sword, if privacy was the default in crypto, it might be more accepted and it would be easier to explain to bank what are the origins of your money, they can freeze the account because of suspicious activity. What we need is bitcoin to be accepted as a currency in everywhere, but banks will fight that to the death, because they can't freeze bitcoin wallets.
But somehow i have totally missed these kind of privacy based dexes, can you link me one?

This actually isn't that good of an idea. To be very true DEX really suck at times. Currently most of them have fake trading volumes created with the help of bots. The order books are filled with such bots.
*snip*

I haven't seen bot activity in any dex. Washtrading is usually paid service from the exchange to create volume in there. Trading doesn't really need to cost anything on them and the fees are made up.
To my knowledge on the dexes other hand every move is marked on the blockchain and washtrading would cost a lot.
Or maybe i've been mistaken, can you show me an example pair on somewhere?
sr. member
Activity: 756
Merit: 251
im sure that in the next or several years, big money will enter this cryptocurrency market. the market is too oversold and should improve to be alive

but, i doubt that it means greater demand for DEX projects. DEX gets small attention from investor. you can see from trading volume is so low

DEX needs more time to be good, but i think it wouldnt in the near future

What do you mean by you are sure that big money will enter in the cryptocurrency market, when you are also saying that the market is too oversold and should be improved at the same time? If the market is too oversold then it is expected that there will be money coming out of it rather than going in. But I think you are wrong in saying that the market is too oversold. It is not even oversold anymore. That is so 2017ish a remark. After 2017, the market has even gone into a state of being undersold. And this is probably a sign that there will be money coming in rather than going out.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
Logic thing that can happen. Especially for now a lot of exchanges ask people to do KYC. So if there are no more choice to trade in centralized exchanges, people will change and move their assets to DEX which not ask to do KYC. In case if we talk about big holder that want to keep their anonymity. But for others, usually they will follow to do KYC because they more like to trade in centralized exchange. And to pick which DEX is good for people, i think it is hard to decide for now.
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