Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
by
heratys111
on 25/06/2017, 04:51:38 UTC


Heh, that's a good picture.

Just looking over the trading on Cryptopia there were a lot of "weak hands" today selling their SUMO for BTC for short-term gain but probably long-term pain.  (It's similar to the gold market being pushed around and priced by paper-trading of fiat currency in NY and London when there's a ton of credit and not so much of the physical around.)

Simply from a rational, portfolio-balancing perspective one has to ask: holding some BTC or fiat (5 or 10% of one's overall savings) is probably smart but isn't holding a stake in Sumo far smarter as it is inherently a better technology?  People sure can be goofballs and not resolute enough sometimes.

(Admittedly, I have a couple taking-some-loot-off-the-table orders in the sell list but they're at significantly higher prices.)