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

[pinkflower]

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++?

[aeternus]

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.

[thunderbitz2717]

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.

[ruletheworld]

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".

[HashFace]

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. 

[avikz]

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-  

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.

[Meysa_richa]

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 .

[ruletheworld]

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.