Topic: Chinese rating cryptocurrency - page 4. (Read 833 times)
I won't be surprised if the top executives of the China Center for Information Industry Development are hodlers of EOS, ETH, Bitshares, and NEO. I know how people woth power and influence sway the market and thisbis one of their tactics to somehow pump the prices of what they are hodling. If only somehow they have managed and left the top spot for BTC and not ranked it at 16th then their ratings would be believable but obviously it's not the case and they made their bias detectable right away.
what I know is that China is one of the countries that has a great influence on the price development of crypto currencies.
therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.
China has been supporting cryptocurrency as it is most well developed county and it has ability to take any product and cryptocurrency, it has so many referencing countries who will support cryptocurrency once if china will adopt it, so it is best step for progress of cryptocurrency and we should surely use china as reference of our investment. therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.
the answer is pretty simple and it lies within that small term that you intentionally or unintentionally omitted from your post. and the word is government as in Chinese Government's cryptocurrency ranking. that should clarify how worthless that kind of ranking is. and if that wasn't enough you can take a look at the coins and their ranks in that list of theirs. all the centralized altcoins which they can clearly control are located on top and above bitcoin that is decentralized and despite all their attempts they failed to have any kind of control over it.
We all know that China is one of the strongest country and highest economic status globally. Compilation of cryptocurrency means the overall data of the ratings of cryptocurrencies. You can see there what are the total assets, profits, revenues of the subject. If it is China, it means that the data of their ratings on the total as a country is there. It will become very helpful if you will check it before investing in them so you can analyze how much and how far they are in the cryptocurrency industry to invest.
what I know is that China is one of the countries that has a great influence on the price development of crypto currencies.
therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.
therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.
What rating are you talking about? You should be specific.
Depends on where such rating is coming from. If is coming from a government or government affiliated companies then ignore. If it is coming from cryptocurrency related company that is genuinely pro true blockchain and decentralization then it is worth taking a look at.
Depends on where such rating is coming from. If is coming from a government or government affiliated companies then ignore. If it is coming from cryptocurrency related company that is genuinely pro true blockchain and decentralization then it is worth taking a look at.
The rating is only based on their own research, well, that could also give a boost on the coins especially if people are trusting on them.
For me, I would rather do my own research, things could be bias but here in crypto especially in this forum we can find a lot of good inputs on why we should invest on a certain coins.
For me, I would rather do my own research, things could be bias but here in crypto especially in this forum we can find a lot of good inputs on why we should invest on a certain coins.
What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
When viewed from the current development of cryptocurrency in China, Chinese people almost 50% invest in crypto, this shows that China is a good opportunity for crypto in the future.Especially like, cryptocurrency, and digital currency or Bitcoin.
as we know for this year alone the Chinese Government issued a crypto name, for them like, EOS, and Ethereum. Whereas they place Bitcoin in futures investments. This shows that in China cryptocurrency is quite good.
Chinese is good at business, they know what will do and the productivity of that platform. In the world of cryptocurrency, we must consider their ratings in this money-related thing 'cause they're genius on it. The only disadvantage of this, they will bring the odds on their country. 
But don't be fooled by some ads or promotions because it can't be false and just paid ads.
But don't be fooled by some ads or promotions because it can't be false and just paid ads.
https://news.bitcoin.com/china-crypto-rankings-bitcoin/
This is just the Chinese government ranking cryptos. It don't even seem to reflect their citizen's preferences. Just their own "criteria".
It seems many people don't take this seriously, partly coz of the results and partly coz it's the government that came up with it in the first place.
Quote
The China Center for Information Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, officially published its fifth crypto rankings on Sept. 20. Thirty-three crypto projects are ranked. Each is given an overall score and a separate score for each of the three categories – basic technology, applicability, and creativity.
In the overall ranking published Thursday, the center put EOS at the top of the list, followed by Ethereum, and then Bitshares. EOS and Ethereum were also at the top of last month’s overall ranking. Bitshares, however, jumped from the 12th place the 3rd place.
BTC was downgraded from the 10th place to the 16th place while BCH fell a few places, from the 29th place to the 31st place. In the creativity category, however, BTC tops the list, with EOS in the 3rd place.
In the overall ranking published Thursday, the center put EOS at the top of the list, followed by Ethereum, and then Bitshares. EOS and Ethereum were also at the top of last month’s overall ranking. Bitshares, however, jumped from the 12th place the 3rd place.
BTC was downgraded from the 10th place to the 16th place while BCH fell a few places, from the 29th place to the 31st place. In the creativity category, however, BTC tops the list, with EOS in the 3rd place.
This is just the Chinese government ranking cryptos. It don't even seem to reflect their citizen's preferences. Just their own "criteria".
It seems many people don't take this seriously, partly coz of the results and partly coz it's the government that came up with it in the first place.
The ratings of China on the cryptocurrency is entirely different from the ratings that were done globally. EOS has got good userbase and one of the strongest platform without much issues till date. I'm not sure about bitshare, which is listed at the second place. Found it having good trading volume, but reaching the second place defeating major top listed coins in the coinmarketcap makes it an entirely new listing.
What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
Are you talking about coinmarketcap?
Do not just go with ratings. Most of it are biased. They will take a coin to rank one if the payment is good.
Specially now, who will pay for bitcoin? While XRP have someone in its back to pay for advertising their coin.
Just do your research and look at the usage of every coin. If it is ranking I still prefer ETH rather than XRP and of course BTC at my top list.
What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
Honestly, that ranking is just shameful, they made a ranking that is the most beneficial for them and that is it. It is such a weak list that they have put bitcoin at 16th place, think about it, the biggest and best crypto currency we have with the highest volume and highest user count with biggest marketcap is at 16th place whereas there are coins like bitshares at number 2.I am taking that bitcoin news website into consideration btw, if it is about some other ranking I don't know but there was one ranking shared from bitcoin news and that is just humiliating for Chinese people, I am sure they are not idiots and even they do not care about their own rankings as well. Who would put stuff like gxchain or whatever above bitcoin. If the other parts were a bit crooked I would have understand but putting bitcoin at 16th place is enough to mock this list.
What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
you can consider a Chinese crypto because the risk is lessen due to their law that any ICO that will be launch should be registered to their government agency. If I can see that article regarding that I saw before I will put it here.
Those ratings have been coming out for well over a year now. All you need to know about how pointless and shit they are is to look at what they rate highest.
EOS has been consistently number one. Great choice, China.
Chinese authorities will be most interested in chains they can control. Anything they can't will mysteriously be marked down.
EOS has been consistently number one. Great choice, China.
The research centre which drew up the ratings would surely have their reasons for ranking the currencies how they did based on their own research, and this should govern their investment ventures in cryptocurrency.
Chinese authorities will be most interested in chains they can control. Anything they can't will mysteriously be marked down.
good
The research centre which drew up the ratings would surely have their reasons for ranking the currencies how they did based on their own research, and this should govern their investment ventures in cryptocurrency.
You can also to do your own research.
I can not fault their list, I can only disagree and make mine based on my investment priorities.
You can also to do your own research.
I can not fault their list, I can only disagree and make mine based on my investment priorities.
China has not been supporters of bitcoin, they turned their back a longtime ago. I believe they would look for a turn around since bitcoin is still the top cryptocurrency, so they will support their favoured altcoin. They of course have a large population and that works for them.
What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
And why are we still considering Chinese relevant in crypto sphere up to this day? Their sphere on influence is dwindling when they make a sudden U-turn in 2017 so those compilations or whatever you wanted to call it is irrelevant as this point.
And are you surprised that bitcoin is not their number rated coin? I will echo the sentiments of all the members here, don't take them seriously, they will just shill for their favorite (alt)coins in that report.
What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
It doesn't mean anything to be serious. How can you trust their cryptocurrency rating when they obviously favouring other coins besides bitcoin? Chinese market doesn't have that influence to crypto unlike before so I wouldn't put too much emphasis on what their stance of what is their rating. I wouldn't blindly trust anything crypto related coming from the Chinese to be honest.
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