Bitcoin Forum

What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?

I do not know exactly what it is. But we should consider how far China is about cryptocurrency. At least I know last year Chinese new year had affected the price a lot and if it is related to these issues, I guess it should be taken into consideration.

@OP, did you mean this? https://news.bitcoin.com/china-crypto-rankings-bitcoin/
Well... when you see Ripple ranks above BTC, you shouldn't take this research seriously.

Don't use a single source. Imo it's fine to use it just for the sake of understanding which project is considered top or bad in China, but for investment, no, that's another question. If you really mean the list posted by mu_enrico above, I believe you should do further research because they list EOS & NEO in top, it is really questionable. For example, NEO blockchain faces a lot of stale block, stop producing new block lately and there are not that many dapps runs on top of it.

Maybe it's just a rating applicable for the taste of the Chinese people. That doesn't really mean a lot if you are living outside China so why you are thinking of considering to invest with those coins that they are suggesting?

Before everyone believes that Chinese new year does affect the market a lot. But I guess it's not viable anymore to believe with this kind of even that makes the market down for some reasons, as we saw last time nothing happened.

Every country has their own rating for the cryptocurrency. And if you are curious about the compilation Chinese cryptocurrency rating, then I think perhaps, it only works in China but not in the other country or exchanges.

Maybe they have a calculation to determine the rating so base on their calculation, EOS is at the first list. But I wonder why bitcoin is not in the first places. But nevermind, it does not affect bitcoin at the cryptocurrency because bitcoin still lead the cryptocurrency.

I think there will be many more rating like that and we will see the difference of which coins that have to be in the first position.

You'd better to not thinking more about those rating because I don't think that is not the real list. You know that bitcoin still on the leader in the cryptocurrency. And if I were you, I just skip to thinking furthermore.

Your words are true. Do not trust any news coming from bitcoin.com and Roger Ver.
This classification is old and has been circulating among blogs since the middle of last year so I can not find that any change in the current situation only more of FUD.

Don't believe it, China can fake anything and now I'm thinking if their people are still human.
They already master the art of faking and imitating. No offense from people, lol.

All I believe is the CMC, perhaps their people invest more on eos than bitcoin and that where this article came up.

indeed china is famous for that, so they are like business giants in the world. besides that they can do anything to achieve results, I agree cmc is more reliable to see something right

Many people do not believe what Chinese government can bring to the global economies. I have been many times in controversial debates with them. Personally, I believe that China can impact the global economy very much as it is a huge influencer. The ratings that they release is good information for accomplishing better results for businesses that are in fond of these ratings.

It's high time you guys stop thinking that China can influence Bitcoin. China do not have any direct say on how the direction of Bitcoin moves.  Whatever actions they take on Bitcoin literally do not matter,  don't let them manipulate you.
OP,  do not take that ranking serious or better still take it at your own risk.
Moreover, it's not every news that is published in any Bitcoin authority site that you should believe. Gone are those days that this sites gives authentic news.

If market conditions were that of 2014 - 2015, Chinese ratings of different cryptocurrencies would be a huge deal. But now that the population and people involved in the cryptomarket is very diverse, and the Chinese losing its grip on the market, I can say that this rating wouldn't be worth anything, at all. Also, Ripple being the number one on the list tells you how different their views are when it comes to trading against the best of the world. Their influence are long gone, even though they still have a tight grip on the mining game. The markets are a different thing than it was before.

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.

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.

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.

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.

good

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.

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.

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.

Are you talking about coinmarketcap?  ;D

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.

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.

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.

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.  :D

But don't be fooled by some ads or promotions because it can't be false and just paid ads.

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.

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.

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.

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.

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.

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.

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.

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.

EOS is rated number one again even though ethereum is more widespread with a bigger community and proven technology. We shall see what happens when Cardano and Tezos are developed

thats a genius idea mate  but idk  if the exchange can supply a reference like that  . one easy way to indicate it is by looking at the value of cryptos  . if a crypto is indemand and has a higher base value  ,  many chinese invest on it for sure .

 bitcoin for example because bitcoin got the highest value among other cryptos  .  see? there is no need to stress your self creating and analyzing for references  . and besides china isnt the only large country that we have  . there are still other large countries out there that also influence the price of cryptos  .

I've seen several posts of this on news sites. They pushed BTC below top 10. It's just their own list, using their own criterias so wouldn't be surprised if they were biased against BTC. It probably don't even reflect what the citizens are using.

I do not even know why china should place bitcoin in the 18 on their ranking list. Why do i even think they were just not in favor of Bitcoin .We should even know by now that china has not really been a fan of bitcoin and they have their favorite and back to your post, you shouldn’t even put this into consideration when planning to invest. Bitcoin is and remains the leading cryptocurrency. Invest wisely.

It’s really sad and them ranking bitcoin 18th on the list is the most annoying of it all. Well, this would never have any negative effect on bitcoin, those who are good with crypto knows the truth already that favoritisms played out in the high-ranking. Bitcoin should be leading on that list or possibly should be on the top 10 they rewarded

but indeed all believe that China is an influential country in cryptocurrency, for example last year when China banned bitcoin in its country, there was a very significant dump, even though prices surged eventually. I still remember that time. means that China is in the ranks of the top countries whose citizens have many btc

It is some kind of monopoly to them if we are going to ask about it but I guess this is how they have to make it look like since they all had different usage programs and apps in term of using the internet. They even had their own youtube and facebook like apps and you can't easily use their internet if you were trying to surf any worldwide trending social platform such as Youtube and Facebook.

So in other words, their government were controlling what their people wanted to see.

I am not sure about this. Obviously we all know that any crypto news that emerges from China can affect the condition of the cryptocurrency. So, I think we should consider this.

Honestly a friend shown me the  news on  the ranking last week and I think the list is very controversial. It raises a lot of questions to be asked  since the positions of some major coins raises eyebrows. Nevertheless, China is a strong force as a country when it comes to cryptocurrencies hence one  may easily conclude that  they did it favour them.

What was surprising about that list is that it has privacy coins in it. For a country that likes to control everything they should not be listing monero or anything similar, even though it is a great coin ;)

We questioned a lot cause nobody is expecting to be like that, and there is a huge changes of its rank if we compared into coinmarketcap rankings. We're not taking into this that could affect our trust cause we all just looking for coinmarketcap rating as a legit and not following with chinese rating though.

Or maybe all they want is to make more profit, so they are promoting a coin that's different from bitcoin in order for people to buy it and grow its price. You never know what's in their mind so all we can do is make predictions about why are they rating cryptocurrencies this way.

China is a country with a giant economy, so whatever policies and business people in China will greatly affect the world economy. crypto is strongly influenced by the Chinese economy, if China supports and wants to use crypto for all trading activities, it can be ensured that the crypto value will rise.

China is the largest mining site in the world, but there are several ways to analyze a project or currency for investment, but it is a factor that helps in decision making! Note: there may be certain manipulations of information, always analyze more than one source!

Its true china is have largest mining in the world and right now many crypto project from china. I think in next few years, china can take advantages from crypto market and hopely china government untight regulation about bitcoin and cryptocurrency

Honestly, I do not believe that Chinese see this ranking as legit at all.

If it was really ranked this way in the eyes of chines businessman that invest into crypto than I would say this list has an importance to it and we should care because after all china is a big market anywhere in the world after USA and its important to listen to what Chinese people have to say about crypto but the difference between listening to Chinese and china is big.

If you listen to Chinese people you basically care about the second biggest market in the world but if you listen to china you are just listening an authocratic tryanny that is ruling over peoples lives with an iron fist and caring about not the people but the propaganda of that government. Hence this list has no weight in on Chinese peoples thoughts.

Well the rating could be a good resource as reference for investments. I think they are not doing to become bias in the views of others especially if the coin that tops is their own. But consider as well where these coins are evaluated in terms of usage. If this coins are evaluated based on their own local use then the possibility that it is impartial could be big because we might not know how the other coins are popular in some part of the world. So I guess you have to do a lot of research. Anyway that can serve as a good reference as well.

I also know the rating of china and i was very surprised that some strange projects were listed very high. That's why I don't think the rating list is very helpful. The people who made this rating don't seem to know the background history of some cryptocurrencys/projects. So I would never rely on this rating list and use other sources if i needed a list of cryptocurrency ratings.  :)

As per Chinese rating, we can see Eos is their top priority coin followed by eth and neo so Chinese are keenly investing in Eos based projects

As for now it does not matter at all, People are already sick and tired of the Chinese being the center whenever it comes to factors of crypto being hyped. It takes more than just Chinese approval for an entire cyrpto network to be pump again. Every person in the whole world have their own rating for their top cryptos, but one things for sure, if you choose one it should come from your heart or else you will end up blaming others for your lost.

Yes, it’s very important to consider how dear china holds cryptocurrency and lets not be too quick to react or make conclusions on a one sourced news. Though based on the ranking one will be quick to assume s favoritism played out largely however like you have mentioned if China can give their full support to cryptocurrency and begin to accept crypto for all trading activities, it would go a long way to adding value to all crypto currencies and of which Bitcoin will not be left out.

Of course there is manipulate, anything that has to do with cryptocurrency in Chinese, know that their government is involved. They countries everything so thus type of rating makes no sense.  And any reasonable investors shouldn't even consider it for.  All else the person in ready to have their investment and funds  being controlled too. 

Yes, Chinese is good at business and handling money. They can easily manage any project and be successful at any time. The Chinese ratings are more big deal than the other reviews because they know what will benefit in the near future. Check the ratings of the Chinese platforms and the value of it in the exchanges, it's very high and very productive.

That's there's a lot of collaboration between west and china so we should include their ratings even though their personality is poor.

I agree. All this kind of news are fake unless it really happens not only in China but all over the world most especially to cryptocurrency friendly countries. We should not be affected by these FUD because there are big players out there that are trying to manipulate the market situation and we all know that already ever since we get in here. If we are taking this research seriously it will just just give stress into our peaceful minds.

if there is already a rating, I think that cryptocurrency chosen by China is good, advice from me choose cryptocurrency that goes into the top 10 and look at the coin, look for coins that are worth investing in such as volatility and trading volume which is quite good , but you also have to choose a good exchange with the coin you choose.

China really influenced the development of crypto, I think it would be wise to consider the news that happened from China, because many bitcoiners came from there. therefore I agree to select the highest ranking coin to invest

I don't think the Chinese cryptocurrency rating really have any thing to do when considering to invest because it base on they own analysis of the whole cryptocurrency market in they region and at that they rating may not be %100 an investment guide. What you should consider before making investment is the viability of the commodity you want to invest in and not rating.

Agree, but it can used by investor as second opinion. Every investor have different ways when they decide to make investment and i dont think that rating affecting their decision. Perhaps its just about the technology or about for bussiness purpose

Chinese is the greatest country have the first time support how bitcoin and altcoin become famous and many investor buy bitcoin, after Chinese banned bitcoin price is drop but now have back to higher again.

Yes, the Chinese cryptocurrency rating system is very interesting and deserves attention. In the first place they usually have the EOS coin, in the second Tron, and Bitcoin somewhere in the 15th place. Moreover, if you read what they justify their decision, then it is quite difficult to argue with him.

I really do not know about this before but I will be following information about Chinese rating on cryptocurrencies market and be able to findout what they are saying about the position of some coins and altcoins.  I have decided to invest based on how I analyze the market and this rating may simplified some market conditions for me.

They have their own system of how they rate each coins and bitcoin is not their top priority when it comes to ratings and i did follow what the fuzz is all about when they came up with the ratings a few years back, but now a days i seldom view those ratings as they have their own interpretation on what their top listings are. Those ratings does not mean anything for the market and you just neglect those in the broader picture.

Damn, Chinese have ranked bitcoin in 16th rank and actually made altcoins in higher ranks. this is funny. although they control the biggest part of mining still I do not think anyone should follow this rating coz they are not gonna affect your trades anytime soon.

I personally not choose any coins from ranking, i choose bitcoin because is the king and the road opener, and always people should do research before invest and not from some ranking.

The people behind these ratings aren't those who are mining. Those handing out ratings are mostly nocoiners receiving payments from shitcoins for a higher rank, while miners are balls deep invested.

This industry is saturated with shitcoins pretending to rock the best technology and solve pressing world problems. The ideas are great, their actual product however sucks hard and doesn't enjoy any use.

EOS is such a mess, yet ranked so high. It's retarded because its governance model goes against that what crypto stands for and make it have value in the first place. Not worth even a quarter of its raised $4 billion.

By choosing bitcoin you did also say that you are chosing a high ranked coin because bitcoin itself is the top 1 based on all the ranking websites    .  if bitcoin is not popular then that would also means that its not a ranked coin  .


Its not bad to choose ranked coins because thier rank says it all  . you cannot go wrong with them   . this also help you save time and effort for doing a research on what coins is the best for investing or for trading purposes .

but the ranking of coins in cryptocurrency in my opinion is important, because we can determine the quality and development of prices there marketcap coins. if doing research without seeing the conditions on the marketcap coin will actually make us less confident in investing.

on the other hand, many use the situation to make their own profits. it is true that they seem to blow up cryptocurrency, but behind that all take a lot of casualties and ultimately impact on the development of crypto

Its helpful if you attach the link you are referring to for us to make more accurate suggestions for you. If the author of that review or rating is a chinese and established on a chinese site maybe its based on a chinese perception. Cryptocurrency adoptation depends on a country and if this is correct then it should be applicable to there.

May be it's about this https://news.bitcoin.com/chinas-crypto-ranking-bitcoin-tron/ ?

Doesn't make any sense. I don't know who compiled this list, but it is not factually correct to say that the technology of a coin such as Cardano is less advanced than that of EOS or Bitshares. Also, I don't know how did they calculated the "creativity" parameter. A manipulated currency such as Ripple (XRP) is more creative than IOTA and Stellar Lumens?

It doesnt matter who compiled the list but its obvious that those so called ratings were fake  . this is why we should do our own research before investing on every crypto coin that we like to invest and not just invest by basing on a rating site because a rating site may not be accurate at all .  btc is more superior than any other coins out there so if btc rank on the second spot or lower , you will easily know that the you were fucked up .

I don't really know for sure, but what I know is that China has always been a sentiment towards bitcoin and other cryptocurrencies. They always take a stand that makes the price of crypto currencies fall and makes traders and investors sell all assets they have.

So what is their criteria in rating the coins  ?  Everywhere bitcoin is rated as number 1 crypto currency because of its total volume in overall crypto currency market. I do not see ant reason EOS and Tron to be rated as first and second in Chinese crypto rating. ???

This has a point, having a huge popularity, china is something that can affect the economy, in other words considering different things based on economy is a huge thing, but as we all know it is not merely about the economy but also the other factors, just like the casino, as we all know the casinos started with the use of Bitcoin, vegas casino is an example, we can make sure that our money can vrow without too much waiting, there might be china which can have the effect to the economy, but all in all there are different factors.

I just read the article and though it placed Bitcoins to be No. 1 in terms of creativity, it offered no real criteria in the way they determine what i the best cryptocurrency overall. And with regards to China, i don't think that much attention should be given to them especially due to their stance against Bitcoins.

Every time there is a problem China with crypto, it always brings enormous attention because we know that the dichina community is indeed very large. I agree with your opinion that they always make crypto very disturbed. the sentiments issued are always contradictory and always have an impact with crypto.

Chinese are good at investments and business when it comes to profit they have a lot of ideas on how to grow money. The only thing I don't want to Chinese is their attitudes. China people in the bitcoin community is very huge, most of them are the investors of famous projects in the current cryptocurrency. That's why chinese rating in crypto was a very big deal to us because they have the advantage to manipulate and speculate the price of each asset, even the bitcoin.

In 2017 also their idea to bring down value of crypto currency failed which shows that how much people  are interested into the decentralized economy.Only people who don't believe the technology behind cryptos will sell their coins others don't.

Aren't some restriction in China regarding the crypto market? If i am right then it is a bad investment.

These arent fake ones yet any country can do make its own ranking without minding or being influenced on the current market rankings.We know on how big the community that
do supports BTC and seeing that ranking list do really sucks and just dont mind if they do rank top 1 to EOS.I dont even see this platform would really able to outmatch bitcoin
on any way when in terms of community support.

If you are a local investor who is living in China then there is profit for you of course because it's something that is profitable for the People living in China , therefore if you are a resident then you should of course invest in that because the government does want good of the people because in turns it affects the economy positively.
If you are from some other country it will be your decision , you might invest and gain profit because it's something that is government and backed by the government therefore there won't be any problem with the down market.

I think it needs to be considered because it is really China. much affects the development of crypto

In a standard operation free of Biases, ranking contribute a whole lot in making decision when planning to invest,in which it still does if done  by a reputable crypto data provider, but nowadays in this corrupt market area, what assurance do we then have that those other coins ranked up were actually based on merit? If it were, why do we have some different figures in different crypto data providers?

Some of these projects even got their rankings through media hype and not because they really deserve it or have a project that is suitable for the public, and Since it is only BTC that can never be manipulated and maybe some few coins too, it is better to just follow the project through research rather than picking through ranking.

I don't know about that but I completely know if your country trust something then it will definitely going to be a success because the support from the government will be important for the cryptocurrency if it is possible then the success is very easy for that.

"mainly evaluates the technical realization level of the public chain, and examines the function, performance, safety and decentralization of the public chain"


They have their own methodology for the new ranking systems, which i think they obey the dominance of price and more focus on the contribution of each coins to the realization.

There are. But that rating is not related to the restriction with the bad investment list on china. that rating means the platform with popularity in china. that based on how popular that platform among the chinese in china. As far as i know that china always placed EOS as the number one platform that gained a lot of popularity in china and the second always be ethereum.

That's not even related to any regulation because that has made by creating a survey for chinese person. 

Of course they have their own 'methodology' and we need to respect that.

But for those who have so much experience in this market, we all know why Chinese hates bitcoin and would promote other altcoins which doesn't make sense at all, unless in our point of view.

So I would rather not listen any news coming from China, and not stressed ourselves because we all know that they have their own motives releasing this kind of news to us.

We have move on already, and China giving bad news on bitcoin will not affect its market anymore.
They support altcoins because they have a better technology than bitcoin, but they cannot dictate the people, they will only trust the first popular crypto in the space and that is Bitcoin. As of now, no signs of Bitcoin getting replace, in fact it's again having a good bull run.

China will have no choice than to also join the cryptocurrency later, I know they are very strong and in terms of technology, and we really need them, especially because of these mining machines which are quite cheaper for miners to get from china.

I learnt their decision to stop miners was on the 7th of May but until now, I am still yet to see any news as regards that or any effect of it on the market, I guess they must have silently scrap that idea of banning miners. This is how bitcoin has been gradually overtaking the world through the hype and through the FUD, fortunately, FUD news has not even been having any effect on the market of BTC.

China has been a big supporter for the growth of bitcoin, at some time period it is the one that gave hands. If China hasn't helped, now bitcoin could've never grown to such a big market contributor. Next thing is the FUD, people earlier used to react instantly without analyzing the truth. Now when they analyze people find the truth associated with it. This is there is no effect on growth of bitcoin even after several forms of FUD.