SUMOkoin more like SCAMkoin.
Looks like people are selling, they understand that crash is coming soon, just sell before its back at $0.34
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
so again no information just blatant fud. The price went down because btc price increase. and panic sellers because of fudders like you
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
. Im sure your making good profit off it. probably buying in no doubt
No fud!
-Devs are anonymous (how do you even know that those 4 devs exist, mby there is just one dev)
-All they do is add some shitty code to tech what already exists. Better designs or little bit extra shitty code doesn't make a coin better (no long-term value)
-Premined coins, very easy manipulation
-overall just a scamcoin
Too many red flags, I just want to warn people!
Ill take what your saying at face value and address it as best as i can.
1. I personally dont mind anon devs imo, but i understand the concern
2. Thats what half of the coins in the market do, except they dont actually add useful features they just add gimmick things to attract people(Subaddresses are actually useful.) and most of the time they dont deliver on time like the devs do here.
3. As i stated earlier what would you call the people who throw 23mh on a private pool in sumokoin like whats been going on for the last week? Thats a much bigger whale and whales can occur with or without a premine. Sure they could dump 10% in july but what exactly would they get them a small portion of money vs the value of the coin in the future. Even if it was for that intended purpose only a idiot would do it so blantantly and drop the value entirely. It would be in neither the buyers or the devs interest in that scenario.
4. What do you define as a scam coin? Because id love to hear your opinions on the best coins. Because from what your saying everything in crytonight other then monero is a scamcoin.