Topic: Do you believe in crypto ratings? (Read 4237 times)
Yes, I believe projects pay the rating websites to get good websites for their project.And basically this is just an advertisement strategy and don't get attracted too much based on the rating maybe you can consider it for knowing the project name but to find potential read the discussions on public forums about that project, look at the road map and try to understand what is their main goal,etc.
I dont believe any crypto ratings or ico ratings. Because the rater suppported by the ico project it self. They did that for to make their project looking good. If you investing on cryptocurrency trust no one and make your own research and decision.
The crypto ratings is basically supported by an ICO or any project. So i can’t believe that ratings or anything, and i like better to have some research for myself, especially for my investment, and choose carefully.
Nice move and agree with your mind. Almost many rating site gone to death because every investors vey smart. For the new project support we need carefully looking there promising roadmap, IEO, exchange, partnership, team eth then it can great invest run myself. 
The crypto ratings is basically supported by an ICO or any project. So i can’t believe that ratings or anything, and i like better to have some research for myself, especially for my investment, and choose carefully.
In 2017-2018 it was a shame, ICO projects were able to buy their rating and get high scores.
Despite that, it's impossible to daily track the features of each protocol, so ratings are useful as an initial screening outcome. In addition, many crypto holders are not tech guys and have to trust third parties that perform code audit and rate the security level.
Consensys has developed a methodology for assessing risk in permissionless lending platforms, Codefi, that is an open framework for evaluating DeFi Protocols: https://codefi.consensys.net/defi-score
I am also working on a Defi APY tracker, using Codefi rate to make an initial selection of trusted protocols (here you can join our Yield Farming Survey).
Despite that, it's impossible to daily track the features of each protocol, so ratings are useful as an initial screening outcome. In addition, many crypto holders are not tech guys and have to trust third parties that perform code audit and rate the security level.
Consensys has developed a methodology for assessing risk in permissionless lending platforms, Codefi, that is an open framework for evaluating DeFi Protocols: https://codefi.consensys.net/defi-score
I am also working on a Defi APY tracker, using Codefi rate to make an initial selection of trusted protocols (here you can join our Yield Farming Survey).
The rating is some how to me as a mistake rated,that Bitcoin is in number 12 position in crypto rating which EOS came first in crypto rating. We all know that Bitcoin is so popular in cryptocurrencies compare to EOS, Ethereum, Litecoin etc.
I think the person that rated the crypto to give bitcoin 12 position, lack personal Research. Even in my country according to companies rating, they gave BTC first position among all cryptocurrencies in the world. And many investors confirmed, that some best coins they are enjoying in the market right now is Bitcoin profit.
I think the person that rated the crypto to give bitcoin 12 position, lack personal Research. Even in my country according to companies rating, they gave BTC first position among all cryptocurrencies in the world. And many investors confirmed, that some best coins they are enjoying in the market right now is Bitcoin profit.
In fact, it is dangerous for new projects to have a trust rating because they can earn this rating for money, so look carefully. However, I have seen that many rating sites shut down and there is no update work because investors do not trust all these rating sites now. So with the advent of crypto time it has changed which is why everyone has forgotten the plot of the rating site.
Very often, reviews are made for money, or YouTube bounty leads to the fact that there are a lot of reviews that are not true and not of high quality. I would not trust ratings either, because they are all subjective. That's right, you need to study the project yourself, but reviews and ratings can be just as supporting information.
it is an usual practice that project is paying for a good review on ICO or similar websites, and one should not trust them blindly
crypto rating sites are good to see where the project faith is at the moment, but deeper research is needed before investment, to see if particular investment is suit for your needs, since it is not easy to pick one in terms of longevity and return on investment
As far as i feel
Ratings/Review are very subjective towards person and when it comes to paid review or incentives ratings
It can be biased towards the project
Thus, i will be using ratings as an additional information but wouldn't use it as the primary benchmark
Thats right, dont rely too much on ratings, just like what you have said it can be bias.Ratings/Review are very subjective towards person and when it comes to paid review or incentives ratings
It can be biased towards the project
Thus, i will be using ratings as an additional information but wouldn't use it as the primary benchmark
So the best thing to do is exert an effort to gather information about the project you wanted to invest in and verify if the ratings given were acceptable to say that it has basis.
Dont believe easily and check everything that can lead you to know the real status of the project.
It would depend on the site if it is ratings for ICO or any initial offering crypto's then my answer would be a big "NO".
But if it would be a rating on the crypto that is already been listed to exchange and something like coinmarketcap then Yes I believe in their ratings.
But I only look on the top crypto's in the rating I don't really spend time to look for the low rating coins.
But if it would be a rating on the crypto that is already been listed to exchange and something like coinmarketcap then Yes I believe in their ratings.
But I only look on the top crypto's in the rating I don't really spend time to look for the low rating coins.
Crypto rating site is very useful, but we should not relying 100% just from the rating site.
When we want to buy some coins to hold, we must take a look into the project as well, not only from rating site.
Once we get enough information about the coin, then we can decide if we want to buy it or not.
Yes, it means that someone has to do research from various sides to find out the right information on a coin that he wants to buy, because if only one side is very risky as well and it is feared that the information is false or completely untrue as has been seen on several sites coin rank. When we want to buy some coins to hold, we must take a look into the project as well, not only from rating site.
Once we get enough information about the coin, then we can decide if we want to buy it or not.
As far as i feel
Ratings/Review are very subjective towards person and when it comes to paid review or incentives ratings
It can be biased towards the project
Thus, i will be using ratings as an additional information but wouldn't use it as the primary benchmark
Ratings/Review are very subjective towards person and when it comes to paid review or incentives ratings
It can be biased towards the project
Thus, i will be using ratings as an additional information but wouldn't use it as the primary benchmark
Definitely the case even in stock market reviews which are highly regulated by SEC. The crypto ratings are not regulated and people mostly use these ratings to shill what they own and do paid promotions
Crypto rating site is very useful, but we should not relying 100% just from the rating site.
When we want to buy some coins to hold, we must take a look into the project as well, not only from rating site.
Once we get enough information about the coin, then we can decide if we want to buy it or not.
When we want to buy some coins to hold, we must take a look into the project as well, not only from rating site.
Once we get enough information about the coin, then we can decide if we want to buy it or not.
As far as i feel
Ratings/Review are very subjective towards person and when it comes to paid review or incentives ratings
It can be biased towards the project
Thus, i will be using ratings as an additional information but wouldn't use it as the primary benchmark
Thats right, dont rely too much on ratings, just like what you have said it can be bias.Ratings/Review are very subjective towards person and when it comes to paid review or incentives ratings
It can be biased towards the project
Thus, i will be using ratings as an additional information but wouldn't use it as the primary benchmark
So the best thing to do is exert an effort to gather information about the project you wanted to invest in and verify if the ratings given were acceptable to say that it has basis.
Dont believe easily and check everything that can lead you to know the real status of the project.
As far as i feel
Ratings/Review are very subjective towards person and when it comes to paid review or incentives ratings
It can be biased towards the project
Thus, i will be using ratings as an additional information but wouldn't use it as the primary benchmark
Ratings/Review are very subjective towards person and when it comes to paid review or incentives ratings
It can be biased towards the project
Thus, i will be using ratings as an additional information but wouldn't use it as the primary benchmark
no i don't, because i only believe in my analysis my friend
i hope people will do their own research rather than believe in a crypto ratings site
That's great if you trust your own analysis because most of the crypto rating sites are purely fake.i hope people will do their own research rather than believe in a crypto ratings site
I'm not saying all of them because some of them are almost precise but the fact is that the average crypto rating site leads to a scam that results in huge losses to potential investors.
no i don't, because i only believe in my analysis my friend
i hope people will do their own research rather than believe in a crypto ratings site
That's great if you trust your own analysis because most of the crypto rating sites are purely fake.i hope people will do their own research rather than believe in a crypto ratings site
I'm not saying all of them because some of them are almost precise but the fact is that the average crypto rating site leads to a scam that results in huge losses to potential investors.
~snip
Some rating agencies are being paid for giving higher rating for some projects. Why? because it will help the the project to gain trust and attract investors. But I guess smart investors won't just believe what an rating site says. Personally, I don't believe in any ratings. Using information from such sites, I made mistakes several times and now the trust has disappeared. I think you need to trust your intuition and your analysis. And only then invest.
I believe in ratings from coingecko and coinmarketcap since they are rated by high marketcap and volume but what OP lists says is a personal rating based on personal interest, this ratings aren't for someone like me, EOS can be the first for you while NEO can be the first on my own list
Most of the people here seem to be more interested in Coinmaretcap because this website is the most valuable checker site in the crypto market and of course updates every hour so that investors understand what is happening. I always go to this site to check for coins because all the information about that project is listed here so I don't have to spend too much time searching.Jump to: