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Author Topic: Big money moving in next year, means greater demand for DEX projects?  (Read 1536 times)
Wh00re
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May 07, 2020, 01:42:39 PM
 #61



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:
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May 08, 2020, 04:03:28 PM
 #62



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.




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May 10, 2020, 10:30:18 AM
 #63



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. Smiley
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May 11, 2020, 03:38:20 PM
 #64



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.





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.
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May 12, 2020, 03:30:26 PM
 #65

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.  Cheesy
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May 13, 2020, 03:35:32 PM
 #66

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.  Cheesy

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.
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May 13, 2020, 06:04:42 PM
 #67

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  Smiley

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May 13, 2020, 08:38:31 PM
 #68

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  Smiley

 Grin
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  Undecided

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May 13, 2020, 09:09:52 PM
 #69

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  Smiley

 Grin
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  Undecided
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?
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May 14, 2020, 03:05:18 PM
 #70

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  Smiley

More than $200 million dollars is traded weekly on DEX's and these numbers are getting higher and higher. Just saying....
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May 14, 2020, 08:06:36 PM
 #71

Grin
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  Undecided
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?

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.

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

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.

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May 14, 2020, 09:37:24 PM
 #72

Grin
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  Undecided
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?

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.

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.

R


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BChydro
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May 14, 2020, 11:42:04 PM
 #73

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?
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.
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May 15, 2020, 05:57:57 AM
 #74

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?
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.

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Ryushin
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May 15, 2020, 09:04:39 AM
 #75

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

Btc_1856
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May 15, 2020, 09:11:54 AM
 #76

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?
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.

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.

Russlenat
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May 15, 2020, 09:31:26 AM
 #77

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?
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.

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.

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KTChampions
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May 15, 2020, 10:04:19 PM
 #78

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

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.

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Flux0z
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May 16, 2020, 05:27:46 AM
 #79

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?
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.

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.
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May 18, 2020, 04:37:12 PM
 #80

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

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.  Smiley
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