LTC on BTC China!!!

[cryptohunter]

How big is btcchina these days?  Last I heard from them they lost most of their volume, what is it like now?

i never heard about this, i thought they were one of the very largest...what happened and why did they lose their volume?

It was back during the last bubble phase after china's central bank announced no third parties payment processors could process bitcoin and huobi rose up and btcchina shrank, but that was quite a while ago I don't know what's happened to them since then.

often people post the btc turnover of the exchanges....where do they pull this data from?

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[sadface]

http://bitcoinity.org/markets/list

http://www.cryptocoincharts.info/v2/markets/info

first two hits on google. its not that big anymore appearently. still kinda big

[ISAWHIM]

BTC China is not one of the biggest platforms, why is it interesting to be discussed?

Yea, it is right on the level with CampBX in the USA... Essentially a dead exchange.

Everyone with real money left, and went to Huobi. The ones left there essentially got raped of any value. They are still alive though.

Huobi WAS a purely big-boy private exchange. They went sort-of public, and allowed more smaller-boys to play with them. Now they are the ones doing the major leading on all the other exchanges. They have a hand in every exchange. (You will notice 100BTC sold on Huobi, with a matching 1-10BTC sale on any other exchange. Same with buying. They are playing the USD/JPY conversion-rate between storage's on each exchange.)

BTCchina may come back to life... It will be like the BTCe of China.

[peacefulmind]

I don't know what planet you all are from but BTCChina had 18,000+ BTC volume traded there just today so far.


Proof - https://bitcoinaverage.com/markets.htm#CNY

This is a big deal for LTC. China alone could make LTC bigger than BTC if it adopted it instead! China is extremely rich and populous - challenging the USA -  in case you have been living under a rock for 20 years.

18,000 BTC is a lot of volume and they are known for accurate reporting, so everyone knew and they reported honestly when volume dropped for a while end of last year due to Chinese regulations.

[peacefulmind]

BTC China is not one of the biggest platforms, why is it interesting to be discussed?

Yea, it is right on the level with CampBX in the USA... Essentially a dead exchange.

Everyone with real money left, and went to Huobi. The ones left there essentially got raped of any value. They are still alive though.

Huobi WAS a purely big-boy private exchange. They went sort-of public, and allowed more smaller-boys to play with them. Now they are the ones doing the major leading on all the other exchanges. They have a hand in every exchange. (You will notice 100BTC sold on Huobi, with a matching 1-10BTC sale on any other exchange. Same with buying. They are playing the USD/JPY conversion-rate between storage's on each exchange.)

BTCchina may come back to life... It will be like the BTCe of China.

Hardly dead - 18,000 BTC is dead?

Huobi will now be forced to add LTC or lose revenue big time, and with Chinese made scrypt ASICs hitting - look out!

[ilovenxt]

So people still pay attention to Litecoin?
Why?

Because Chinese regard Bitcoin as "gold" and Litecoin as "silver".

[cryptohunter]

http://bitcoinity.org/markets/list

http://www.cryptocoincharts.info/v2/markets/info

first two hits on google. its not that big anymore appearently. still kinda big

useful, thanks.

well, let's hope the big boy there follows suit.

[SpiryGolden]

Awesome finally people will come back too real coins that saw stayed stable even when they invested in PUMP & DUMPS a great example is Franko too . I remember that it's a video on youtube with Franko & Litecoin owner . Franko actually fixed most of Litecoin problems and improved so it's far for being just a clone and it's from May 2013 soon too be 1 year .

[ISAWHIM]

18K OMG soo not dead... My bad, thanks for correcting me... NOT

BTCchina best recent day of trades 40K (Best week 639K, last week 44K)
(75% of that was fake volume they got caught and stopped listing fake buys/sells.)

Yea I say BTCchina is essentially dead...

GOX (before stopping) About 100K (Best week 2194K, Last week 412K)
Huobi best recent day was about 349K (Best week 1410K, Last week 907K)
Bitstamp best recent day about 100K (Best week 317K, last week 150K)
BTCe Best recent day was about 71K (Best week 327K, last week 108K)

And now you know who the market leader is...