Weiss Rates Bitcoin and Other 73 cryptocurrencies. Bitcoin scores C+.

ruletheworld

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Quote from: HashFace on March 13, 2018, 05:44:08 PM

It is somewhat interesting that the 3 "B" rated coins are platforms for launching smart contracts. Seems like who ever is behind these ratings is putting a high value in being the payment system behind utility tokens, instead of being a utility token.

That's not their criteria though. They have already release how they are "rating" and on what dimensions.

For example, they give a low rating to Bitcoin on governance, which generally shows they don't understand the first thing about decentralized systems.

Meysa_richa

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For coin ethereum at this time it is very good to be adopted, because it has a wide network, and bitcoin is very good to hold for waiting price doubled up, and at the end of this year many are waiting for rising bitcoin prices since falling bitcoin prices at the beginning of last year .

avikz

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Quote from: Sukut on January 24, 2018, 09:54:43 PM

So this financial agency Weiss released a cryptocurrency review. While there was no coin scored any A's, the highest scoring coins were EOS and Ethereum, scoring B. Bitcoin scored C+, falling behind Steem who scored B- Huh

Here's the whole list:

Based on Weiss' article, A-B means "buy", C+/C/C- means "hold" (HODL!) and the lesser scores means "sell".

I'd like to hear what you guys think!

Disclaimer: I don't know how legit this Weiss agency is.

That was an interesting read. While I am not sure who weiss rating company is, but I believe they have done this ranking based on the technical factors associated with each Cryptocurrency. So we all know that a lot of altcoins available in the market who are technically advanced than bitcoin. It has a lot of technical limitations compared to many other altcoins. But I honestly feel that bitcoin should have kept aside from this list of rating to show some respect. Because bitcoin is pioneer of blockchain technology and altcoins came in to existence after covering the technological limitations of bitcoin. So altcoins actually used bitcoin as a reference while developing. I will not be wrong if I say that every altcoin is an upgraded version of bitcoin. So no matter what a rating company says, bitcoin will always remains the best, for me at least.

HashFace

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It is somewhat interesting that the 3 "B" rated coins are platforms for launching smart contracts. Seems like who ever is behind these ratings is putting a high value in being the payment system behind utility tokens, instead of being a utility token.

ruletheworld

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Quote from: thunderbitz2717 on March 10, 2018, 04:47:32 PM

Lol! pretty much sure they are not researching those whitepaper and roadmap. Bitcoin should be A++ they don't know technology and real uses. They should have read more articles regarding bitcoin or else people look them as dumb person.

They are doing what makes them money, only masking it as "research".

thunderbitz2717

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Lol! pretty much sure they are not researching those whitepaper and roadmap. Bitcoin should be A++ they don't know technology and real uses. They should have read more articles regarding bitcoin or else people look them as dumb person.

aeternus

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Quote from: pinkflower on January 27, 2018, 09:08:01 PM

Quote from: aeternus on January 26, 2018, 11:40:26 PM

Quote from: pinkflower on January 24, 2018, 10:15:43 PM

What is the Weiss rates, and what makes them the authority in rating cryptocurrencies? Are they cryptographers and/or computer scientists? If they are not, then those ratings are wrong. BTC should be A++ if you ask me.

The list is incomplete. Wheres the rest?

Maybe I'm mistaken but the rankings are only a measure of how do they think a coin is going to perform, it is not a judgment on the technology behind the coin, that is why some coins that should have the highest rating, like bitcoin in terms of innovation is only a C+, they think it is a bad idea to sell since the price is low and it is not a good idea to buy since the market is not moving that much.

If a scamcoin is rated A++ by the Weiss ratings, that would then make it a good investment? Is that what this is about? To find the best way to make fiat money regardless if the investment is a scam or not?

What would they rate Enron? A++?

Yes this is what this is about, this is a rating agency and they only care about making money, do not forget that rating agencies were a big part of the previous economic crisis when they gave the best scores to subprime mortgages and even to some governments like Greece so they have not problem endorsing scams as long as they can make money out of it.

pinkflower

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Quote from: aeternus on January 26, 2018, 11:40:26 PM

Quote from: pinkflower on January 24, 2018, 10:15:43 PM

What is the Weiss rates, and what makes them the authority in rating cryptocurrencies? Are they cryptographers and/or computer scientists? If they are not, then those ratings are wrong. BTC should be A++ if you ask me.

The list is incomplete. Wheres the rest?

Maybe I'm mistaken but the rankings are only a measure of how do they think a coin is going to perform, it is not a judgment on the technology behind the coin, that is why some coins that should have the highest rating, like bitcoin in terms of innovation is only a C+, they think it is a bad idea to sell since the price is low and it is not a good idea to buy since the market is not moving that much.

If a scamcoin is rated A++ by the Weiss ratings, that would then make it a good investment? Is that what this is about? To find the best way to make fiat money regardless if the investment is a scam or not?

What would they rate Enron? A++?

Miner2525

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P.S. The best thing about Weiss Ratings is they gave BTG a D+ which is exactly what it deserves. Cheesy

Miner2525

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Quote from: jseverson on January 24, 2018, 10:45:11 PM

These ratings are subjective, much like stock ratings. I wouldn't take it seriously.

I would wager they're quantitative-based which is why they're currently useless. The data they have to feed into the model has to be uniform and widely available for each coin. They're obviously not measuring the same things that we do as potential investors. And at least half of the score is momentum based, which is why the ratings will change as quick as week-to-week.

Weiss Research and Weiss Ratings is not the same company, though both are related to Weiss. Martin Weiss is a long-time doom porn huckster that publishes newsletters and trading advisory services.

Weiss Ratings is also not a nationally recognized credit ratings agency. They may be more accurate in pre-identifying insurance ratings failures than the Big Three, but that doesn't mean squat for crypto.

Nerman

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Quote from: aeternus on January 26, 2018, 11:40:26 PM

Quote from: pinkflower on January 24, 2018, 10:15:43 PM

What is the Weiss rates, and what makes them the authority in rating cryptocurrencies? Are they cryptographers and/or computer scientists? If they are not, then those ratings are wrong. BTC should be A++ if you ask me.

The list is incomplete. Wheres the rest?

Maybe I'm mistaken but the rankings are only a measure of how do they think a coin is going to perform, it is not a judgment on the technology behind the coin, that is why some coins that should have the highest rating, like bitcoin in terms of innovation is only a C+, they think it is a bad idea to sell since the price is low and it is not a good idea to buy since the market is not moving that much.

First I do not know how credible this financial agency is and I do not know their basis for ranking the coins but I think for me it is the other way around, I think they measured it on the technology, probably they are thinking the more technologically advance the better chance it will survive the future. I am no way on bashing bitcoin but Ethereum is technologically better than Bitcoin. This is the only sensible reason why they rank ETH better than BTC.

aeternus

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Quote from: pinkflower on January 24, 2018, 10:15:43 PM

What is the Weiss rates, and what makes them the authority in rating cryptocurrencies? Are they cryptographers and/or computer scientists? If they are not, then those ratings are wrong. BTC should be A++ if you ask me.

The list is incomplete. Wheres the rest?

Maybe I'm mistaken but the rankings are only a measure of how do they think a coin is going to perform, it is not a judgment on the technology behind the coin, that is why some coins that should have the highest rating, like bitcoin in terms of innovation is only a C+, they think it is a bad idea to sell since the price is low and it is not a good idea to buy since the market is not moving that much.

tententen

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Quote from: Sukut on January 24, 2018, 09:54:43 PM

So this financial agency Weiss released a cryptocurrency review. While there was no coin scored any A's, the highest scoring coins were EOS and Ethereum, scoring B. Bitcoin scored C+, falling behind Steem who scored B- Huh

Here's the whole list:
https://news.bitcoin.com/wp-content/uploads/2018/01/weiss-1-696x909.jpg

Based on Weiss' article, A-B means "buy", C+/C/C- means "hold" (HODL!) and the lesser scores means "sell".

I'd like to hear what you guys think!

Disclaimer: I don't know how legit this Weiss agency is.

Its all idiotic. If you use a 30 day moving avg to calculate value this makes a lot of sense, but if you use normal common sense, it doesnt.

pinkflower

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Quote from: metenjean on January 25, 2018, 12:58:39 AM

There are lots of rating agency around the world and mostly they were used as common source for common people who doesn't really understand the flow of cryptocurrency. I agreed to most of the opinion that cryptocurrencies market are easily to manipulate and not to mention there are thousands of coins registered, it makes people starts to look for any advices about which currency is good to buy and overlook the long term projects of that coin itself which lead to early shorterm pump and big dump at the end Grin

You confuse me. Can you explain that again? I cant decide if your post is good or bad because I cant quite understand your point. Its like you are typing without thinking like you have ADHD or something.

metenjean

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There are lots of rating agency around the world and mostly they were used as common source for common people who doesn't really understand the flow of cryptocurrency. I agreed to most of the opinion that cryptocurrencies market are easily to manipulate and not to mention there are thousands of coins registered, it makes people starts to look for any advices about which currency is good to buy and overlook the long term projects of that coin itself which lead to early shorterm pump and big dump at the end Grin

glaciercapital

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Quote from: Janademir4 on January 25, 2018, 12:03:52 AM

Is it true? then what coins have a rating of A?
What about ethereum? is it better than Bitcoin?

These scores are just hilarious, it's good that these types of parties are actually trying to acknowledge and understand cryptocurrencies now tho. More people watching and learning about the space is positive

Janademir4

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Is it true? then what coins have a rating of A?
What about ethereum? is it better than Bitcoin?

pinkflower

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Activity: 868

Merit: 259

Quote from: Sukut on January 24, 2018, 10:31:17 PM

Quote from: pinkflower on January 24, 2018, 10:15:43 PM

What is the Weiss rates, and what makes them the authority in rating cryptocurrencies? Are they cryptographers and/or computer scientists? If they are not, then those ratings are wrong. BTC should be A++ if you ask me.

Well, they're one of the biggest 100% independent rating agency in the North America. Not a random agency to be ignored tbh. And this is economics, they're evaluating the market and the investments, potential investments whatever. Your post suggests that only cryptographers and/or computer scientists can generate correct ratings, and that is just a horrible joke.

You clearly need to read more. Your ignorance is no longer astonishing anymore because there are lots of people like you in the forum. All mindless drones.

Having that said, rating agencies are corrupt, as shown during the housing bubble. Google it and learn something new. You clearly need to read more. <-- Yeah I said it again lol.

andrei56

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Quote from: ruletheworld on January 24, 2018, 11:22:36 PM

In 2006, the SEC charged Weiss Ratings of misleading investors and violating securities laws, and slapped the investment advisor and his company with a combined $2.1 million fine.

They're a joke, and don't seem to understand the first thing about cryptocurrencies. Vaporware like EOS and Cardano are ranked higher than Bitcoin. It is a very high likelihood that they are directly or indirectly invested in Cardano and EOS.

That is because they do not care about the technology, they only care about the profits they can make by selling that information and by doing insider trading, it is obvious to me that they bought huge amounts of all the coins they were going to rank as the best coins, and the worst thing is that is probably not illegal, insider trading is illegal in regulated markets like stocks but in the world of bitcoin this is probably still unregulated.

ruletheworld

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Activity: 1386

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In 2006, the SEC charged Weiss Ratings of misleading investors and violating securities laws, and slapped the investment advisor and his company with a combined $2.1 million fine.

They're a joke, and don't seem to understand the first thing about cryptocurrencies. Vaporware like EOS and Cardano are ranked higher than Bitcoin. It is a very high likelihood that they are directly or indirectly invested in Cardano and EOS.

Topic: Weiss Rates Bitcoin and Other 73 cryptocurrencies. Bitcoin scores C+. (Read 222 times)