China ranked ethereum as #1 and it has been dumping hard ever since?

[Money Maker Shaker]

https://bitcoinist.com/china-release-cryptocurrency-ratings-ranks-ethereum-1st-bitcoin-13th/

there was some commotion about this and they finally named ethereum as number one!!! and as soon as they did this everyone started dumping ETH....

why do you think that is? was this a confirmation of its centralization?

[Lagduf]

https://bitcoinist.com/china-release-cryptocurrency-ratings-ranks-ethereum-1st-bitcoin-13th/

there was some commotion about this and they finally named ethereum as number one!!! and as soon as they did this everyone started dumping ETH....

why do you think that is? was this a confirmation of its centralization?

dumping for what? the majority of cryptos are only following bitcoin. Remember the dump from the mtgox has started and it looks like it will take the more time to the market to get recovered.
This dump caused by bitcoin and how terrible mtgox is.

I guess that's only based on the vote and you are talking a joke of you think related to the centralization.

[pageraji]

i think its just a FUD, china ranked ethereum no 1 because its technology and platform for ICO.. and its right all altcoin dumped because bitcoin dump..

[trumper]

No coin are dumped indeed, all move with bitcoin so it is really boring even some coins have very big news and developing really well, they can't rise because of bitcoin's fluctuation.

[leea-1334]

Not sure it is really such a case of Ethereum dumping hard, since almost the entire crypto market is being "dumped on" right now. You can see Bitcoin's struggles for the past week having a severe effect on alts and in fact, ETH is performing slightly better in terms of losses than Bitcoin, so I would not say anyone is dumping ETH specifically. Am losing a lot ground on Litecoin, for example, which is making me sad!

[adroitful_one]

The whole market is down right now. Don't think the dump had anything at all to do with the ranking from China. I'm pretty sure most of it was due to money being taken out of the crypto world and into the real world.

[Warry]

I think it's a little bit weird ). As you guys already know, all biggest Bitcoin manufactories are being in China, if they seem ETH is the best cryptocurrency why don't they turn to mine ETH? ). I think it's a fake news to spread FUD and make new investors fall into their trap in ETH

[blacktux88]

i think that it will need a little more time to get the whole market to be static..
there should be more people invest to the whole market.
after that the market will get more static ....
 

[Caesar-Giulius]

I guess ETH price fell due Bitcoin price falling, it has nothing up do with the survey probably.

[Palakka]

Whats? Bitcoins at number of 13? It's kidding. I am not believe of this ranked.
Bitcoin as #1 and no altcoins can be replace that.

[Poink]

Whats? Bitcoins at number of 13? It's kidding. I am not believe of this ranked.
Bitcoin as #1 and no altcoins can be replace that.

It is like saying Cadillac cannot be replaced in the 70s...a few decades later, it is struggling.  Soon, it's fan base (old generation) will all be gone and it will be too.

Bitcoin IMHO is the same.  It is still king-- but not forever.  Tech wise, it was revolutionary 10 years ago but today it is among the least functional coins.  It still has the greatest recognition being the 1st but that is it.  Unless it evolves and get updated drastically, it is like a dinosaur (used to be king) that will become extinct.

[anahata]

It's not even gone down a 100 dollars. That recovery it can make in a day. Market is slightly bearish, so everything is going down. Notice the trends.

[btyco]

It is likely that when the bull market returns the chinese bulls will pump ethereum and neo and lisk all of which were in the top 5 of China's list. These are all useful platforms, unlike bitcoin which doesn't do much.

[Soroskatona]

Thank you for the list, it is interesting and informative.

Eth is just following the trend of BTC, unfortunately it is heavily dependant on it. Sad.
ETH is much MUCH more advanced than BTC, but I'd say there are even more advanced ones, just like NEO.

[B.A.S.]

The ecosystem is the most advanced currency. As speculation is bad news, the locomotive of the market.

[Marma Kalari]

Bitcoin IMHO is the same.  It is still king-- but not forever.  Tech wise, it was revolutionary 10 years ago but today it is among the least functional coins.  It still has the greatest recognition being the 1st but that is it.  Unless it evolves and get updated drastically, it is like a dinosaur (used to be king) that will become extinct.

There are many experiments going on to scale bitcoin to the masses and lightning network is interesting but there are many attacks that can be done but i am curious how that can be mitigated, i am not sure what it means about these ratings and with Steem and ETH in the top two and i am not sure what revolutionary technology they have seen in steem.

[Superzpay]

https://bitcoinist.com/china-release-cryptocurrency-ratings-ranks-ethereum-1st-bitcoin-13th/

there was some commotion about this and they finally named ethereum as number one!!! and as soon as they did this everyone started dumping ETH....

why do you think that is? was this a confirmation of its centralization?

They ranked this coin on the technology base and it shows that the ranking is given by those people who need crypto technology which is provided by ethereum, mostly of which is platforms for ICO projects. But in reality people know these coins more as a currency and they mostly use it for the sake of currency and even with high technology resources, according to them, it is still lower than bitcoin which means that bitcoin is more favorable than ethereum. While if you are talking about the price then bitcoin is still at a good position than all other coins which dumped in the previous days.

[[Frederick]]

I think this ranking is only based on peoples vote just imagine the site wherein they need to sign in and to cast their vote to avail airdrop slot? I think this is the result of it.

[creeps]

I think it's a little bit weird ). As you guys already know, all biggest Bitcoin manufactories are being in China, if they seem ETH is the best cryptocurrency why don't they turn to mine ETH? ). I think it's a fake news to spread FUD and make new investors fall into their trap in ETH

Yep, but we don’t know if its true or not let see what will happen this year with eth. I just hope that top coins will go high again. I’m holding with eth and I will still holding on this coin no matter what the news is.

[vanmoreno]

deep in my heart and my mind bitcoin still numero uno, whats up with chinese mind???its a joke or trap....