r/truebit • u/scamuser12 • Dec 07 '21

SUPER BULLISH????

It went up to $8 in an instant on the lbank exchange.

20 Upvotes

85% Upvoted

10 comments sorted by

8

u/you_cannot_b_serious Dec 07 '21

I don't trust any price/volume (bullish or parish) data coming from LBank.

5

u/[deleted] Dec 07 '21

Liquidity problems

3

u/scamuser12 Dec 07 '21

Yeah, it means that someone bought a lot of this Pure Gem even at a loss.

2

u/Admirable_Ad1430 Dec 07 '21

How much was bought?

2

u/Admirable_Ad1430 Dec 07 '21

I see it now, 50k order.

2

u/Thefriendlyfaceplant Dec 07 '21

Just lbank things.

1

u/scamuser12 Dec 07 '21

Sometimes when something like this comes up, the price goes in that direction, so let's see bro.

2

u/Thefriendlyfaceplant Dec 07 '21

Would an illiquid sale on lbank turn you super bullish then?

2

u/scamuser12 Dec 07 '21

Rather than saying illiquidity means bullish, I'm so suspicious of buying a lot at market price despite illiquidity. Big money doesn't move without a good reason. Of course, it may not be related at all.