Big money moving in next year, means greater demand for DEX projects?

[Marckolind]

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?

[teosanru]

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.

[rijaljun]

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.

[cryptonx]

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

[Immakillya]

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.

[jossiel]

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.

[BitHodler]

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.

[SamboNZ]

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.

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.

[CjMapope]

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?

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

[Pelunize12]

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

[BitcoinHunt3r]

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.

[NathanJB]

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.

[o48o]

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?

[ecnalubma]

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.

[jootn2kx]

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.

[rijaljun]

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.

[kidbounty]

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.

[Murat]

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.

[scambust]

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.

[Oilacris]

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.