Impact of Weiss C+ and Kryptous C- Ratings

alyssa85

legendary

Activity: 1652

Merit: 1088

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Quote from: 1legalco on January 25, 2018, 01:07:01 AM

Anyone think the C+ Weiss Rating and Kryptous C- Rating will hurt BTC short term?

The rating by Kryptous of a C- uses 10 factors. They explain all the things BTC has right and all the negatives.

The Weiss rating has only 4 Dynamics.

Some strong A's but lots of D's.

Pretty elaborate 10 factor system.
50 Max score BTC got 27 points for a C- or almost C Rating.

https://kryptous.com/btc-bitcoin-rating-by-kryptous/

I don't think this stuff is going to have any impact at all. Ratings are used in mainstream finance as a way of covering people's backsides (they can say, "it's not my fault that our pension fund invested, we followed the ratings").

But pension funds and institutions are not the main investors in bitcoin, it's dominated instead by private individuals, most of whom know loads more about cryptocurrency than these ratings agencies.

penig

member

Activity: 266

Merit: 13

Quote from: 1legalco on January 25, 2018, 07:22:52 AM

Wow Kryptous just really hammered Ripple.

Says XRP is complete scam and their real products like bank ripple have no public coins.

Wouldnt surprise me the slightest, and wonder why people would have expected otherwise.

jseverson

hero member

Activity: 1834

Merit: 759

They could affect the value. I doubt any of the long term members will pay any attention to them, but they might sway new investors. I appreciate Kryptous being transparent with their metrics but wow... Here are my two satoshis:

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There is no company or leadership behind the coin. But yet there is a quasi team leading it but no consensus in it’s direction.

Isn't it a good sign that it's thriving under this condition? If nothing else, this points to Bitcoin's resiliency despite all the FUD and hate that come its way.

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Volatility is it’s name and it’s as likely to decrease in value in the near term (90 days) as it is likely to rise. It has a quickly falling market value percentage which is now in the low 30% range compared to 65% not long ago.

It's no less volatile than other cryptos, and why does the market share matter? That can be attributed to other projects gaining success and that doesn't take away anything from Bitcoin.

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Slow speed for transaction and high cost.

This is misleading. It's true that transactions could be expensive or slow, but rarely both, especially now that the network has been fielding less transactions. High fee transactions are fast, low fee transactions are slow.

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Huge negative factor of it’s creator Satoshi being absent from project.

I love Satoshi, but it would be hard to call a project with a clear head "decentralized." This point obviously has cons, but it also has pros.

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Rumors persist it was possibly created by NSA and or CIA to track drug money, arms dealers and terrorists.

Rumor lol.

1legalco

jr. member

Activity: 56

Merit: 1

Wow Kryptous just really hammered Ripple.

Says XRP is complete scam and their real products like bank ripple have no public coins. Plus the MoneyGram adoption was fake news, MG has committed only to one small test in one location.

Damn Kryptous is pulling no punches.

1legalco

jr. member

Activity: 56

Merit: 1

Anyone think the C+ Weiss Rating and Kryptous C- Rating will hurt BTC short term?

The rating by Kryptous of a C- uses 10 factors. They explain all the things BTC has right and all the negatives.

The Weiss rating has only 4 Dynamics.

Some strong A's but lots of D's.

Pretty elaborate 10 factor system.
50 Max score BTC got 27 points for a C- or almost C Rating.

https://kryptous.com/btc-bitcoin-rating-by-kryptous/

Topic: Impact of Weiss C+ and Kryptous C- Ratings (Read 111 times)