China Updates Crypto Rankings, Downgrades Bitcoin

[voron83-05]

I think how it came and goes)) The main thing is to have time to collect your cream.  Because nothing is forever.

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[Kemarit]

First, that report is utterly crap. Who in the right frame of mind will rank anyone coin above Bitcoin? Unless they're shilling for some coins on the top of the list, I doubt the veracity of this so called reports. Second, it came for the Chinese, so it doesn't bring any weight for the crypto community as we all know that they already turns their back specially against Bitcoin. What does this indicate? Nothing, we won't even blink an eye because some Center for Information from China reported this, they're already irrelevant in this field and this is a bad way to try and get back into the limelight.

[Ozero]

The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects, ranked overall and in three separate categories. High up in the overall ranking are EOS, Ethereum, and Bitshares. Bitcoin, however, has been downgraded.

Read more here 👉 https://news.bitcoin.com/china-crypto-rankings-bitcoin/

What does this indicate for Bitcoin in some years to come?

That is, determining the EOS first place, in fact, in China recognize the technological superiority of this coin over ethereum. I hope that when the planned improvements are implemented in ethereum, the situation will change again and ethereum will again come out on top. Bitcoin is not in the top places, because according to technology it is very behind. While ranked sixteenth.

[Bagaji]

Unfortunately the Chinese government lay more emphasis on what they believe and hold as their own. Seeing the ranking system it mean from the most Centralize to the most Decentralize cryptocurrency, so, the most Decentralize cryptocurrency is Bitcoin but the most Centralize cryptocurrency is the EOS which is not visible and doesn't have real world use like Ripple.

[talkbitcoin]

Unfortunately the Chinese government lay more emphasis on what they believe and hold as their own. Seeing the ranking system it mean from the most Centralize to the most Decentralize cryptocurrency, so, the most Decentralize cryptocurrency is Bitcoin but the most Centralize cryptocurrency is the EOS which is not visible and doesn't have real world use like Ripple.

if you look deeper at each coin you can see that the comparison is very wrong because these projects are not in the same category as each other so they should not be compared with each other. a token like EOS or ETH are tokens and should not be compared with other coins like bitcoin and Ripple. and centralized coins like Ripple should not be compared with decentralized coins like bitcoin.

[cabron]

Putting EOS at the top shows how clueless they are when it comes to crypto. EOS haven't even produced anything usable yet, anyone can create theories so they should base it on completed products instead

That is not true. EOS has proved to be a more beneficial than any other platform. Check how it has been going so far there had been a real development with huge list of tokens already under its wing. Dapp developers were doing great innovations in the platform. I think there is more chance of EOS to go up the ranking than ETH.

[cryptohunter]

obviously centralised projects are more highly regarded there

[dmcx]

The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects, ranked overall and in three separate categories. High up in the overall ranking are EOS, Ethereum, and Bitshares. Bitcoin, however, has been downgraded.

Read more here 👉 https://news.bitcoin.com/china-crypto-rankings-bitcoin/

What does this indicate for Bitcoin in some years to come?

I feel you are safe, because it is lowered to such and BTC will still be normal tomorrow. First of all, I would like to say that the bitcoin price is going up and down uninterrupted, sometimes it is down, through which the table as shown clearly indicates the uncertainty of using this bitcoin.

[ricatop]

nothing. this is another way to manipulate bitcoin and nothing more. Bitcoin will cost over 100k dollars next year, you will see it

[tegarp90]

The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects, ranked overall and in three separate categories. High up in the overall ranking are EOS, Ethereum, and Bitshares. Bitcoin, however, has been downgraded.

Read more here 👉 https://news.bitcoin.com/china-crypto-rankings-bitcoin/

What does this indicate for Bitcoin in some years to come?

I think as long as they hold cryptocurrency, bitcoin price would be okay and will not go down anymore.
So, it's just the matter of time when they will pump bitcoin.

[Red-Apple]

Putting EOS at the top shows how clueless they are when it comes to crypto. EOS haven't even produced anything usable yet, anyone can create theories so they should base it on completed products instead

That is not true. EOS has proved to be a more beneficial than any other platform. Check how it has been going so far there had been a real development with huge list of tokens already under its wing. Dapp developers were doing great innovations in the platform. I think there is more chance of EOS to go up the ranking than ETH.

in this Chinese government issued ranking there is no chance of other coins ranking up as long as there are centralized coins they love and control.
and as for pumping prices there is no way you can compete with the billionaire pumpers behind centralized coins like ethereum for the time being until they get enough pump and dumps to kill the coin and move to another new coin.