BTC-E Trade Volume

[Chronikka]

Does it bother anybody that BTC-E commands so much of the Litecoin trade volume?



Source: https://coinmarketcap.com/volume.html#ltc

I have done a lot of trading there with no problems, so I'm in no way trying to attack BTC-E. I'm just wondering what people think about the lopsided trading volume %. Do people really like the Troll box that much?

[1714931813]

1714931813

[goin2mars]

What scares me about litecoin is that there's 27.2 million coins and 24.26% of them sit in two wallets, active at the last couple of days last year. Anything else means much less to me than that.

[Chronikka]

What scares me about litecoin is that there's 27.2 million coins and 24.26% of them sit in two wallets, active at the last couple of days last year. Anything else means much less to me than that.

The largest Bitcoin wallet in existence is held by the US Federal Government. And that's from just one seized account. They have more BTC than that. I'm not sure what scares me more.

http://bitinfocharts.com/bitcoin/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
http://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[goin2mars]

What scares me about litecoin is that there's 27.2 million coins and 24.26% of them sit in two wallets, active at the last couple of days last year. Anything else means much less to me than that.

The largest Bitcoin wallet in existence is held by the US Federal Government. And that's from just one seized account. They have more BTC than that. I'm not sure what scares me more.

http://bitinfocharts.com/bitcoin/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
http://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Lucky I don't own more than a couple satoshi then!

Also . . the top two addresses are still only 2% of the supply according to your info. The value doesn't scare me as much as the actual amount in circulation that is in them.

[Warning__3]

As long as they are profitable and don't do anything fishy..
Otherwise i have no problems with them

[BigBoy89]

What scares me about litecoin is that there's 27.2 million coins and 24.26% of them sit in two wallets, active at the last couple of days last year. Anything else means much less to me than that.

can you give that address? i'm very curious
if 25% in just 2 address, LTC is easy to manipulate in trading market

[Petr1fied]

That list is outdated, the Chinese exchanges OKCoin and Huobi have greater volume (in particular OKCoin) and these are the markets being watched by btc-e traders for indications on when to buy/sell.

[Chronikka]

What scares me about litecoin is that there's 27.2 million coins and 24.26% of them sit in two wallets, active at the last couple of days last year. Anything else means much less to me than that.

can you give that address? i'm very curious
if 25% in just 2 address, LTC is easy to manipulate in trading market

Its actually ~22% in 2 addresses. They both contain 3 Million Litecoin:

http://bitinfocharts.com/litecoin/address/Lb6wDP2kHGyWC7vrZuZAgV7V4ECyDdH7a6
http://bitinfocharts.com/litecoin/address/LgY8ahfHRhvjVQC1zJnBhFMG5pCTMuKRqh  

http://bitinfocharts.com/top-100-richest-litecoin-addresses.html

They are obviously owned by the same person. Its commonly believed to be the cold storage addresses for the very same BTC-E, but I'm not so sure of this.