Who here holds VEN on LBANK?
why?
accounts for 70% of the volume.
its mostly chinks trading there
I've seen posts saying the volume is fake and it's filled with bots. I've noticed its heavy in bcash, ven, qtum, and loads of shit coins. ETH has a lower volume than all pairs of BCC I also saw a post a persons sell order took 4 days to fill for some coin. This exchange doesn't seem legit.
they are most likely faking volume, but what does that have to do with VEN?
It's the largest traded coin on Lbank, and accounts for 70% of all ven. My question is who here uses it and can confirm it's a legitimate exchange.
alright, i dont use lbank but it seems like its a legit exchange but they are faking their volume in order to attract more users
Thanks for your response. I'm just curious because I noticed it on CMC, so I looked around on the exchange and googled it, and there wasn't much good to say about it, which concerns me bc I hold a lot of VET.
VEN = Comfy hold with Universa
im all in on VEN, but this has nothing to do with VEN...they are faking their volume on all coins to attract more costumers
same thing with okex, huobi...
>.they are faking their volume on all coins to attract more costumers
that sounds scammy
yes, its dishonest...but they are not going to steal your coins or anything
i actually traded on okex, volume is lower than they claim but you can still use the exchange just fine
I'm more concerned about a massive dump in price because of the exchange holding so much ven %.
they are not holding a lot of VEN, just trading between bots a small amount many times
It's not small amounts. Go look for yourself right now, each trade is usually a few thousand ven.
that is a small amount, lmao
40K usd a trade isnt small compared to the $1500 a trade on binance we're seeing.
look on the left, those orders are miniscule from 50000-56000 total amount of btc in orders is barely over 3 btc, that is nothing
the trades on the right is the same ven being traded back and forth between bots so its 10k ven being traded which is absolutely nothing
lmao, i'm done
just sell your VEN and buy some link and holo
Passive aggressive retard. I bring up concerning points about this scummy exchange with numbers backing it up and you just say ehh ignore it, it all adds up.
i agree what they are doing is wrong, but it has nothing to do with VEN...you claim they have huge amounts of VEN and you are afraid they are going to dump it
where is your proof of that? or any indication?
sunny is buying up whatever he can get his hands on
Ok since they have a majority of the ven on exchanges. And like you said there isn't much volume in sell orders like on the left side. What happens when the market for ven becomes bearish? Because it seems to me right now Lbank dicates the price and it has been pushing the ven price up on binance. I've been watching this for a few days, Lbank is the first mover. Which concerns me because the exchange itself isnt trustworthy enough for me to trade ven on.
Nobody holds VEN because ven is a piece of shit.
Everyone is transferring ot Ambrosus
they have the majority of ven volume (volume is the key word), not ven
there is simply not enough ven on lbank to affect the price significantly
>not ven
>there is simply not enough ven on lbank to affect the price significantly
70% of the volume isn't significant?
You're slow, it might affect the number on cmc (assuming their outlier detector doesn't catch that) but it doesn't really affect price. If you made your own exchange, got it listed on cmc and then started fake trading milions of BTC with yourself at 100k per unit would BTC's price be 100k?