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

[toast]

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.

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

[silversurfer1958]

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.

[Mahanton]

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.

[Russlenat]

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.

[rose9696]

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.

[Flux0z]

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.

[suryapro]

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...

[wozzek23]

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.

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 .

[ScamViruS]

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.

[Marckolind]

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!

[SlimShadyMmp]

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

[Teraboy]

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.

[LeoBTCGod]

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.

[Wh00re]

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.

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.

[suryapro]

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 ...

[FlamingFingers]

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

[whyrqa]

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.

[GucciBoy]

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

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.

[target]

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.

[dunfida]

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.