Bitcoin Forum

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 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. Moreover there is no chance in the world that Big money are moving onto such DEX without a bit of volume already present. Generally these whales are in direct contact with major exchanges who are always ready for such trading to take place on their exchange because all they care about is more trading fees. I think there was a huge buzz about DEX and people even thought that there could possibly be a complete era of DEX but unfortunately I can't see any other DEX than Bitmex performing actively.

What is the correlation between DEX and bullrun?

If the problem is tax like what mentioned in the news, I personally would prefer to pay tax and get a good services than to use decentralized with lack of convenient services just to avoid tax.

yes, i also believe if big money will going to this industry next year,
and maybe dex will affected,
i hope we can see a lot of people smile, because over 2 years of waiting

Why so many people hyping Blocknet? I just saw one already. I don't know if will people will look for DEX like Blocknet because the tendency of crackdown can be happen anytime. DEX don't have usd pairs unlike centralized exchange. If they are able to do that then I'll go for DEX. DEX only offer trading only and doesn't offer any kind of financial services.

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?

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.

Based on what I have seen so far, there are no real fundamentals to back any project aiming to build a decentralized exchange, simply because of the fact that the demand isn't there.

I get it that people like the idea behind decentralized exchanges, but we're not even remotely close to a point where they are convenient and liquid enough to make people leave centralized exchanges.

In order for people to make that switch, decentralized exchanges need to be exponentially better than the centralized options in this space, which they clearly aren't and probably won't be for another 5-10 years.

I agree, The government are chasing after money laundering in crypto this puts the dex in a bad position since they would be a target for criminals to launder the money. I dont see big investors will go to they would even have a problem with liquidity if they go to decentralized exchanges.

Blocknet for sure, or maybe Bisq :) 
this is a popular topic these last few weeks, "dexs", but honestly, true dex's are not ready for that kind of big volume imo
centralized exchanges that operate outside of big governments are what we need tho, im watching for some kind of side chain solution to form
"dex" is just a hype term really, sometimes centralized exchanges can have many benefits

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

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.

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.

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?


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?

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.

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.

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.

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.

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.

https://i.imgur.com/bXR5spq.png

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.

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.

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.

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.

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.

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.

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.

I went pretty deep in Stakenet. I think there will be a DEX bubble when the bull market really starts to move

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.

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.

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. 

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!  ;D

I dont know..
people are pushing the idea of DEX for many years now, but it just does not work
only a decentralized exchange that is controlled by centralized party will work (to save resources for the centralized group)
yes that can happen technically decentralized but centralized in management manner

i think that market makers wont go to decentralized exchanges
thats the main reason

Anything that CEXs do could be done by DEXs in time
If they become competitive enough and the fees are better, I think market makers will go there too.

People won't easily move into DEX, if the same is being developed by someone leading the market it'll gain attention. Already we've got lot of decentralized exchanges, while those hasn't got a much bigger trade volume compared to the centralized exchanges. Maybe the initiative taken by Binance for a DEX will gain importance over the years.

Pool all the decentralized trade volume together - problem solved!
Binance DEX is decentralized in name only.

no, i think they don't need the DEXs. DEXs currently have relatively small volumes compared to the amount held by manipulative organizations. I have heard that they often organize deep web transactions and we will never know that. DEX really can't satisfy the needs of billions of dollars.

Maybe not presently, but they will.

Many will try crypto since it's establing it's way for adoption as many stores will accept it thus big money can really move next year but not all in DEX projects, some newbies may still want to have centralized system wherein they can blame someone if things did2goes the way they wanted. I use DEX sometimes but mostly trade in Binance, will try Binance DEX real soon.

There was a time when Etherdelta/Forkdelta and IDEX have very good volumes. They were both chosen by traders who prefer DEXes over centralized exchanges. But when these two exchanges experienced glitches, people started leaving them. IDEX ceased to be a DEX. Etherdelta was hounded by controversies. Centralized exchanges were the only options left. Since they are offering better volumes and coins for trade, they quickly became the leading options.

I do think that DEX based projects will see some sort of bull run, especially when you take into the macro variables like the halving in BTC that will likely drag the entire market up along with it.

However, it's unlikely that institutional investors are going to be the cause of DEX projects being up. The reason being is simply that they have no vested interest in this field - most institutional investors prefer more mature technology, with some element of traditional banking integration.

That makes me think that platforms like XRP and IOTA who have real life partners will likely appreciate more than the rest.

probably, or probably not , we in 50:50 about it.


i guess it not will be going delisted by all CEX exchange,because monero is truly real anonymous privacy,its real assest.
even if that happen ,i guess someone overthere still accepted single purchase by person to person.
u know like hidden treasure ? that monero will be.


u know what ?
Dex still have lower innovation and technology than CEX.
for now, I don't think it's about you being tracked or not, it's about how efficient the exchange is.
and of course CEX is better about it.

we know the risk of investing with any crypto currency if the development of crypto or altcoin we cannot know with certainty its development and confidence and patience is the main capital in investing with crypto currencies and under current conditions we must be clever in utilizing every chance we will get

It sounds reasonable, but we're still not sure if prices will rise. You look at the typical example of Litecoin. The halving happened but its price was lower than before the halving event.
One of the top coins that has crashed means people no longer believe in deflation. I suspect that bitcoin will not sharply increase prices in 2021.

You should at least consider to look on the dates before trying to necropost any thread that had been inactive for
several months already.Its against forum rules therefore you shouldnt do this stuff every now and then.

On topic, it do talks about potential or great demand of DEX projects but we currently seeing that the market isnt
performing well. We are approaching halving event but the market seems doesnt have any reaction.

DEX will still having a hard time to grow, people now are trusting more on centralized exchange, and despite the fact that there is a halving schedule this year but we can't say that bitcoin will rise due to the pandemic.

When you created this post, you don't consider other bad factors such as this pandemic, so I'm wondering maybe you'll change your prediction now that we are seeing how our economy has been struggling.

From what I have assessed about DEX, it is only a secondary trading tool. This means that when CEXs encounter problems, DEX will be a backup plan. because even Binance DEX does not make me happy about the trading volume and trading tool there. There is no stop, no big volume and the price is always very big difference. You may even pay more fees when using CEX. so I still do not appreciate DEX for the time being.

The "Binance DEX" is NOT a real DEX, don't be fooled here, lol.

Stakenet's new Lightning Network compatible DEX will solve many of the problems we've seen with DEX's today. One of problems is "speed", you can trade INSTANTLY over the Lightning Network, which is pretty cool. More over is the DEX itself powered by a "DEX Aggregator" that will pull order books from other DEX's through API's meaning it will add a BUNCH of liquidity to the DEX itself, benefitting everyone.

Do your own research, but this is by far the best DEX out there.

ndeed the key to all trading is patience and never stop learning, be it learning from the losses we have ever felt or learning how we can benefit...

But I do not get OP. He is right about up to the part of predicting big inflow of money into crypto space due to upcoming bitcoin halving but not sure how it will impact dex projects. I mean huge inflow of money will directly impact bitcoins markets and many other altcoins markets and may be some promising altcoins which does not mean dex will be having great future. If anything like that happens, just could be a side consequences of bullish trend of crypos. We cannot be sure about side consequences.

But, due to corona pandemic, we are into slow growth phase of crypto space and we cannot predict how long this slow growth may last. But, we can be sure bitcoin to boom around its halving which may end up growth of all the altcoins as well. Let's wait and watch patiently 8).

I think Dex use could increase next year. Because centralized exchanges are forcing people to do kyc. Which is embarrassing to many traders. In my opinion centralized exchange is taking crypto in another direction which is not the real purpose of crypto. Because if all your information has to be given to someone else then how is it decentralized. And for this reason I think the use of dex can increase tremendously next year or near future. But we have to wait for it.

Amazing that my thread is still alive, haha. I guess people actually do speculate (like you) in upcoming tightened KYC rules. If Binance changes their 2 BTC withdrawal limit to 0 overnight like Bittrex did, then I'm sure a ton of traders will start looking into DEX's. As long as there's decent exchanges you can trade on without KYC, then people see no reason to move (yet) to DEX's.

Been trading on the Blocknet DEX for months now, and I have to say, it works pretty well, despite the low volume. I usually just setup a buy/sell order, and it triggers eventually, so I'm pretty happy about that!

There are enough DEX as it is right now and the only ones that gets to be really successful is the ones that have high volume of trade, When there are actual interaction of buying and selling then obviously there will be demands So i think some DEX just need better marketing rather than bull run

The dex is not only need the a better marketing but it must try to improve the capability to provide the same features as centralized exchange site. There are so many decentralized exchange sites were only selling gimmick to the users.
The problem is there are so many DEXs were not real dex and these are using the name of dex only to get the hype.

Nash, Binance, Waves, and a few others does this. It's confusing a lot of people, and is very damaging to the crypto community. As OP has mentioned, Blocknet is one of the only few true DEX's around, hopefully we'll see more though, as competition is always good, as it improves the market and expands the market.

DEX's had an overall volume exceeding $210 million just last week. Volume is increasing - Blocknet's volume has 10x'd the past year, and is likely to continue this trend.

Nobody likes KYC, and if DEX's get any decent volume, CEX's will lose the battle. Trust me.

indeed this is the world of commerce, where the owners of large capital and have a lot of money can make large investments while facing this halving day. because all they have in mind is just the right way to invest in order to get huge returns. and I think it's a natural thing, because those who have money ...

I don't think that there will be more DEX next year,  aside from the non kyc DEX is known for that makes people use it I don't think DEX has another unique features,  there will be more people into cryto next year and I believe that they will wanna use an exchange that is easy to navigate,  thereby making people to opt in for CEX,  then the demand to use DEX exchanges will be low,  on a good day you won't wanna invest in a project that has low demands

one way or another, despite the poor perception of cryptocurrency users of KYC requirements, many new projects that have prospects in the future will be forced to fulfill the requirements of governments.  Based on this, KYC will be mandatory and DEX projects, as you said, in any case I will lose relevance.
any company for legal work in a particular country will have to obey any requirements of the law and government of a particular country.

DEX's saw volume above $210 million just last week, so low demand? I don't think so buddy.  ::)

And you know what? Volume is increasing as DEX's becomes easier and easier to navigate. Look around you, and see all the discussions about decentralization, everyone wants it. The only complaints I've seen in regards to DEX's is low liquidity, but hey.. You gotta start somewhere. I believe you'll be surprised in a few years, when MILLIONS of people starts trading on these DEX's and you probably lost the opportunity of a life time to take parts in those fees associated with DEX's.

That's why investing in projects like Blocknet is a clever idea as of right now. It's a literal goldmine, right in front of you.

There is dex that is now easy to navigate just as bisq network, DEX today are somehow just as how CEX works. Developers will always find a way to make things easy and we are finally seeing more dex that are convenient to use. I promote the vitex.net because I'm a staker of their native coin. The volume of this dex is increasing as well.

Not that much when it comes to liquidity thing yet its comparable than to those CEX. Decentralization is good but those CEX platforms is
much more preferable by most people due to some features which is absent or doesnt exist on DEX ones thats why people do still
patronize on using in spite of its centralization but because they can trade out fiat pairs then they dont care that much.
This thread might be old but this shows that theres no much changes in terms of demand or usage.

CEX's is only mostly used because you can trade on Binance still without undergoing KYC.
Look at the volume of Bittrex who enforced KYC before you can even open an account and trade. It's been plummeting down, everyone moved to Binance. If Binance is enforced to do the same over night, I predict volume on DEX will 10x or more over night.

The total volume on Blocknet has 10x'd the past year, there's a reason for that. Everyone is sick and tired of all this regulation BS:

Exactly the regulations are the most terrifying in crypto and today could get worse because the governments when the government tries to crack us down, wouldn't be easy to hide your properties because blockchain will not hide you from them. It won't be long that dex will have volume as well. Blocknet is just one that will be ready for it.

True shit. I've been in the game since 2014, and never seen as much regulation as right now. On some exchanges you can't even deposit before you've set up KYC and verifications, which is utter BS.

DEX's will give us that freedom back, I know it means we wont have access to FIAT (at least on a TRUE DEX), but making use of stable coins to play the market is pretty easy as well. I use it to scalp BTC profits from time to time. I'm sitting in stable coins right now, as I don't think we've crashed enough yet up to the halving. :)

If Binance restricts people from withdrawing without mandatory KYC, shit's about to get real. As long as people can trade and withdraw without restrictions the incentive to use a DEX is small (right now...) due to volume and liquidity.

With all the major players like Bittrex and Coinbase demanding KYC no matter how little you withdraw, it wouldn't surprise me if Binance did the same eventually, which will likely boost the volume of DEX's enormously.

Which DEX platforms do you guys prefer? I've really considered investing in some of these, as I love passive income more than anything, and see huge potential in this market.  :D

Blocknet as mentioned by the OP is a good one despite the volume. Their Litewallet is ready real soon, which will be a game changer and make the whole DEX experience much more convenient for everyone. The whole community behind Blocknet seems to be excited about this.

There are tons of DEX's out there, but do your own research, as some of them isn't truly decentralized. Nash is one of them, which enforces KYC and GEO-blocks users. Binance DEX is another one, which isn't truly decentralized either, as all the nodes verifying transactions on their network is owned and controlled by Binance themselves.

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  :)

 ;D
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  :-\

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?

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

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.


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.

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.

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.

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

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.

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.

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.

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.  :)

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.

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.

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

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

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.

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.


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.

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.

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.

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.

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/

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.

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.

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.

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.


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.

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.


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.

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.

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.

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.  :)

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  ;D 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  :-\

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.

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.

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.

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.

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.

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.  ;)

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.

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.

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.

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.
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 .

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.

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.

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.

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.

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

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.

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.

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.  ;)

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

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.

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.

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

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.

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.  ;)

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.

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.