As the cryptocurrency market is still immature compared to mainstream finance, historical rating providers in Wall Stree and all DO give ratings on investment vehicles:
- high rate = more money
- low rate = low money
In crypto, every single rating providers assess either:
- transparency, do they have a telegram group a media mention blabla
- community interest, is there basically an army of shillers or bounty hunters or some other biased people talking about the crypto
- how much money the altcoin/crypto/ICO gave to the rating agency. The higher the paycheck the higher the rate
We are trying to do things a bit differently. Here's our view on ratings.
Do you trust these ratings when you make a financial decision? Or is do you think it's just faf and bollocks?
I know DYOR and Caveat Emptor is the golden rule, but at some point people need third opinion amirite?