CRYPTORALF (OP)
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November 08, 2019, 05:10:22 PM |
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Is there a website where I can view the wealth distribution of BTC and different altcoins?
I know such data are only estimates (address != holder, exchange wallets, etc.), but would still like to get a feeling of how different coins are distributed among its holders.
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Naida_BR
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November 08, 2019, 07:04:05 PM |
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Is there a website where I can view the wealth distribution of BTC and different altcoins?
I know such data are only estimates (address != holder, exchange wallets, etc.), but would still like to get a feeling of how different coins are distributed among its holders.
I don't think that you are able to find such information. It is very difficult to calculate wealth of different hodlers on a blockchain as a user might have acquired more than 1 wallet address. Even if you find a website which provides such information, it will be accurate probably.
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CRYPTORALF (OP)
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November 08, 2019, 07:07:27 PM |
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thanks, but as said in my post, i'm aware of the fact that the data would not be accurate. still, relatively speaking, such data can't be used to compare coins.
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Kprawn
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November 08, 2019, 08:08:47 PM |
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That will not be possible, because Bitcoin and some Alt coins are pseudo anonymous, so nobody knows who own what and how many of the tokens. You get some coins with almost no anonymity like Ripple, but you will have to get access to the third party services data to be able to access that kind of information. Some exchanges and wallet providers with KYC requirements also have information on some people's ownership, but not of all the people that owns coins, outside of their internal database.
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gentlemand
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November 08, 2019, 09:14:13 PM |
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I doubt there's a place that collates this for all coins so you're better off Googling each individual coin and the phrase 'rich list'. Most of them will have a site that lists the biggest addresses. Some will identify the addresses such as developer or exchange funds. Here's an example for XEM - https://nemnodes.org/richlist/
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CRYPTORALF (OP)
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November 08, 2019, 11:20:15 PM |
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thanks!!! last to replies answered my question
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tenakha
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November 08, 2019, 11:28:52 PM |
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Is there a website where I can view the wealth distribution of BTC and different altcoins?
I know such data are only estimates (address != holder, exchange wallets, etc.), but would still like to get a feeling of how different coins are distributed among its holders.
You can collect one by one information. But you can not find a list that is all together. Imagine, dozens of new projects are being created every day and you need to follow them all, or any shitcoin gains value, and while it actually does not have any value at all, it makes its owners wealthy. It is almost impossible to set up the system and always show the correct data.
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hatshepsut93
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November 09, 2019, 04:47:27 AM |
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It's hard to do because to get UTXO set for every blockchain, which means syncing with every blockchain, and you need to modify your code for every coin, since they can have different formats for their data. So, it's only feasible to do for a small set of coins, maybe top 10 or top 20. Maybe big services like coinmarketcap or coingecko could do this if there was enough interest, so you might want to contact them and pitch this idea. It would indeed be pretty interesting to compare this data, I'm sure Bitcoin would have much more even distribution than most altcoins.
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GideonGono
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November 09, 2019, 08:31:42 AM |
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Is there a website where I can view the wealth distribution of BTC and different altcoins?
I know such data are only estimates (address != holder, exchange wallets, etc.), but would still like to get a feeling of how different coins are distributed among its holders.
You can check other balances using their address but it hard to find a lot of bounty for now by using a simple website because of updating it always and everyday there are a lot of campaigns do made. There are several scammers and there are some token that are no value. You can check it's real value using its coinmarket cap. There are also have some website from bounty campaign which they create sometimes to know for others that there has a lot of investor and an organize plan.
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ecnalubma
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November 10, 2019, 02:55:21 AM |
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Is there a website where I can view the wealth distribution of BTC and different altcoins?
I know such data are only estimates (address != holder, exchange wallets, etc.), but would still like to get a feeling of how different coins are distributed among its holders.
There is no consolidated data about that but you can search it individually, there are plenty of websites that provide different datas about coin distribution or different blockchains. Maybe one day someone can provide that info in the future but it will be a very ardous job and will eat more time.
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NathanJB
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November 10, 2019, 08:30:19 AM |
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Is there a website where I can view the wealth distribution of BTC and different altcoins?
I know such data are only estimates (address != holder, exchange wallets, etc.), but would still like to get a feeling of how different coins are distributed among its holders.
I don't think there is one. But there were lists of the richest Bitcoin wallets that have been spreading. There is no big deal to those information though. Those wallets that are known to be the richest are definitely not owned by individual Bitcoin supporters or even early adopters. They are most probably wallets of institutional investors, companies, and exchanges.
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hello_good_sir
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November 10, 2019, 09:01:41 AM |
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For some coins like Dash and XMR, this isn't really possible. Their blockchain's ledger is private and you can't really calculate the richest or whatever relating to addressees due to their privacy protection.
As for bitcoin, there's a link for the rich list, but I can't really find any materials for what address has what, etc. Most of them will be pretty unfair though, since exchanges have cold wallets that contain user funds and you can't classify it as their own funds.
I did remember hearing or reading about a statistic though, that the top 100 addresses own something like 50 percent of all BTC. Not that fair from a real world metric, that the top 1 percent owns 90 percent of the world's money.
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Ucy
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Compare rates on different exchanges & swap.
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November 10, 2019, 10:40:34 AM |
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Is there a website where I can view the wealth distribution of BTC and different altcoins?
I know such data are only estimates (address != holder, exchange wallets, etc.), but would still like to get a feeling of how different coins are distributed among its holders.
Bitcoin/Cryptocurrency addresses are not like typical bank accounts numbers . An individual could have multiple addresses with no easy way of linking them to him/her. Banks accounts in most countries are link to unique identities. I think there are services that show what exchange/platform owns what, but I doubt they are effective in general. Besides lots of cryptocurrency are held on exchanges. It would be difficult to get the information unless you get them from most exchanges.
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NavI_027
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November 10, 2019, 11:03:47 AM |
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What? Even without researching, I can say that there's no existing website like that simply because there's no essence of making at all because it will only cause threats for your security. Imagine that everyone of us knew that a single person holds 500 btc, what do you think will happen? Expect man hunt operations from now on lol especially if the name of such person was stated.
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d5000
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November 11, 2019, 01:41:30 AM |
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As for bitcoin, there's a link for the rich list, but I can't really find any materials for what address has what, etc. Most of them will be pretty unfair though, since exchanges have cold wallets that contain user funds and you can't classify it as their own funds.
While it's impossible to know perfectly the distribution of BTC or other cryptocurrencies, you can draw some conclusions from the "public" distribution (that's visible in rich lists and the stats I linked above). Exchange dominance is, for example, one problem that's present in many altcoins, not so much in the case of BTC. If a high percentage of the existing supply is concentrated at an exchange, then this isn't looking healthy for two reasons. First, it indicates that the currency is mainly used for speculation purposes. And second, these coins become vulnerable to exchange hacking attacks - if one of their main exchanges is hacked, then a substantial proportion of the balance would get into the attackers' hands, allowing them to dump or even attack the currency (above all if it's a PoS currency). Coins with a high "exchange dominance" have often a very uneven "public" distribution, and often you can see cold wallets in rich lists, often holding more than 10% of the total supply. So the conclusion you can draw is: if the "public" distribution is relatively even (like in the case of BTC, compared to other cryptos) then the coin is healthier than if it's concentrated in few hands, even if you don't know if these hands are those of private investors, companies/institutional investors or exchangers' cold wallets.
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EdvinZ
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November 11, 2019, 05:29:17 AM |
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Usually, in the blockchains of most cryptocurrencies, you can see how many coins/tokens are on any address. But this does not prevent one person from having many addresses with any coins. Thus, you are unlikely to know anyone's welfare, because most cryptocurrencies are anonymous, which attracts many holders.
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bohr
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November 13, 2019, 09:35:31 PM |
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As for bitcoin, there's a link for the rich list, but I can't really find any materials for what address has what, etc. Most of them will be pretty unfair though, since exchanges have cold wallets that contain user funds and you can't classify it as their own funds.
While it's impossible to know perfectly the distribution of BTC or other cryptocurrencies, you can draw some conclusions from the "public" distribution (that's visible in rich lists and the stats I linked above). Exchange dominance is, for example, one problem that's present in many altcoins, not so much in the case of BTC. If a high percentage of the existing supply is concentrated at an exchange, then this isn't looking healthy for two reasons. First, it indicates that the currency is mainly used for speculation purposes. And second, these coins become vulnerable to exchange hacking attacks - if one of their main exchanges is hacked, then a substantial proportion of the balance would get into the attackers' hands, allowing them to dump or even attack the currency (above all if it's a PoS currency). Coins with a high "exchange dominance" have often a very uneven "public" distribution, and often you can see cold wallets in rich lists, often holding more than 10% of the total supply. So the conclusion you can draw is: if the "public" distribution is relatively even (like in the case of BTC, compared to other cryptos) then the coin is healthier than if it's concentrated in few hands, even if you don't know if these hands are those of private investors, companies/institutional investors or exchangers' cold wallets. it is true you can still get an idea about how coins are distributed by watching the addresses with the most coins, and while I have no evidence of this but I really believe that whales are not getting smaller and instead are getting bigger, they know very well that they cannot cash out their coins without bringing a great deal of attention to themselves and they cannot do it without crashing the market either and also I do not really think that they want to get out of the market since they are already holding the best possible asset in the world.
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1Referee
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November 13, 2019, 10:51:36 PM |
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they know very well that they cannot cash out their coins without bringing a great deal of attention to themselves and they cannot do it without crashing the market
They can cash out through otc desks, which more exchanges nowadays offer as service. It pretty much means that the exchange connects you to a buyer or seller where the transactions happen outside the regular orderbook. Based on the on-chain value transfers, it's pretty safe to say that the otc volume on a daily basis dwarfs the regular spot trading volume. There also seems to be a strong correlation between the emergence of otc desks and fewer spontaneous large dumps. It's far more rewarding to use an otc desk because you don't suffer from slippage.
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alyssa85
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November 14, 2019, 10:35:03 AM |
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Just remember that while sites like bitinfocharts list the top 100 addresses with the most coins, these addresses mainly belong to the exchanges, not individuals.
By definition if loads of people deposit coins to an exchange, the exchange will sweep the coins into another address that is held offline in a cold wallet.
So if you see that more than 50% of coins are held by a small group of "people", they're really held by a small group of exchanges.
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