But if DEX don't hold money, where the liquidity come from?

So you wanna say, that PCS and Uniswap are fake DEXes? So what is the normal DEX in your opinion?


It depends on whether you are trading or just buying, or your style in general. I wrote above that DEX will not replace CEX at this stage, not because it is somehow worse. Just in my vision, each of them is better suited for certain tasks. On CEX, it is much more convenient for me to conduct several transactions, set stop losses and takes. Especially if you trade through the terminal.


In conclusion, it seems to me that our conversation went in an inappropriate direction. I just want to briefly summarize my thoughts, if someone has a different vision on this matter - this is his right, just like mine.
1. I'm not saying that you need to pass KYC just for the sake of earning a couple of bucks on quizzes. But if you are planning or already trading on Coinbase - I think this is a pretty cool option, which ideally will give you a little knowledge about this or that project. Yes, I was corrected earlier about Coinbase is only available in 39 countries. Still, it's an interesting addition. ( NOT THE MAIN REASON FOR KYC )

2. DEX will not replace CEX. Yes, at this stage I think so. Of course, you can also swap everything on DEX.
But if you are a beginner, you need to understand the principle of operation, create different wallets (or add networks in the case of Metamask), learn how to use a bridge, have gas for transactions on different blockchains. Conciliator, if you started to figure it out yesterday, it would be harder for you than just creating an account on the stock exchange. Also you are right, for day trading CEX is the only option. But if you are a trader, not just a holder, then from time to time you have to trade intraday when it is the only option the market gives right now.

3.I think both options are good and I use both CEX and DEX. There are pros and cons everywhere. If depending on your activity, you see only DEX for yourself - cool, then this functionality is enough for you.

That's for sure, but what I mean is that if you're going to trade on Coinbase, you'll pass KYC anyway. I'm not saying that you should do it just to pass quizzes.

Of course, if you want to buy a small amount of coins, you can go to DEX, this is not a problem. But I'm not sure that many beginners will immediately go to DEX, except perhaps those to whom colleagues or friends will explain this.
A person who is new to cryptocurrency will be much more comfortable making their first purchases on a reliable exchange. Fake addresses, slippage, and additional purchase of coins for gas, depending on the blockchain. All this to an inexperienced user may seem dubious and a bit complicated at the beginning.

Of course I understand that. But don't you pass KYC in order to trade on Coinbase or Binance? It's the same thing, after all. Today, these are the two largest exchanges with huge liquidity, DEX will not replace them, which means you will pass KYC anyway.

I don't know guys, I think you are very strict on this topic. Yes, you will not earn much money there, yes, you may expose your addresses and KYC. But let's not forget that this is still made for beginners and those for whom even $20-30 is important. Study coins like GRT a bit, provide graph quiz answers, and get a couple of bucks, for someone looks good. We are talking about cryptocurrency as a world currency, and in many regions of our planet (unfortunately) even $20 is good money. And almost everyone can do it.

Yes, I understand what correlation is. I just want to say that when the bear market ends, not all even the top coins will reach their former ATH. For example, I don't believe in ADA. This is a very large project, a top coin, but it feels like it is slowly dying. Yes, there will be a bounce. But I do not believe that it will return even to $ 1.

As for the correlation with the stock market, if you follow the history, you can only see a periodic correlation. When the FUD is inflated on the crypt during the fall of the stocks, then of course the price correlates. But when everyone around is shouting that bitcoin is a lifeline, then even during a fall in stocks, bitcoin goes up.

Damn, I thought I was randomly popping up ads for what I want.

dogs for sure, but I have a cat 

I hope you rewatched it? or have you watched it for the first time? 

I partly disagree with you. I don’t think that all the top altcoins will follow Bitcoin. It is clear that locally every coin will give some bounce, but it is unlikely to go on trend. I believe more, when alt season comes, we need to monitor which segment will go up and follow the coins of this segment, starting from the top coins, and then look at similar lowcaps.

Hey guys ! Do somebody still consider XCAD as a good investment? After all announcements the price still goes down.

Why do you like ZIL so much? Personally, I do not see any great advantages in it. Even newer networks like AVAX, EGLD and NEAR are looking more interesting. The only thing I agree with is that XCAD is a really outstanding project. The XCAD Network innovations they offer are going to be a really big deal in the near future. And in my opinion, this project is one of the reasons why zil is still interesting. We still need to see what they will show with Metapolis, maybe it will also be interesting. But again, for a fairly old chain, they are pretty passive compared to the competition.

I don't think it's evil in and of itself. The only problem is that some people get carried away too much and cease to control themselves. I bet on games from time to time, but only to increase interest in the game, nothing more. It should never be a source of income, but just a small hobby with little spending in relation to your wallet. Then it's okay.

The King's Man - The Beginning is my last one.
I like their line, they clearly maintain the style in each new part. I do not think that the new one is worse than the previous ones.

It depends on the point of view. Maybe games on the console charge some money, but the console initially costs less than a good gaming PC, and by an order of magnitude. Therefore, I believe that the console is still better for games.