Weiss Ratings reveals this is the best time to invest

[bbc.reporter]

I shake my head. Is this the same Weiss Ratings that rated bitcoins a C but rated EOS an A? What fraud and craftiness is this? Do not trust them.

Also, I predict Bakkt will postpone its launch by another 3 months which will cause another dump to $2000.



Bitcoin has recovered its $3,500 support level after seeing slight losses to trade just above $3,400. In the past 24 hours, the currency has gained a modest 1.76 percent to trade at $3,500 on most major markets. On Bitfinex, the currency was trading at $3,538 at press time.

The current battered market provides the best opportunity to get into the market. This is according to leading ratings provider, Weiss Ratings in its latest research on the crypto market. According to the firm, investors underestimate the potential of the technology behind cryptos in the long term.

It’s been one of the most popular debate topics: is it the best time to buy the dip? Many analysts have suggested that it might not yet be as the market could tank even further. One of them is Vinny Lingham, the founder and CEO of Civic. Lingham believes the current risks don’t justify the expected gains.

However, a rating firm disagrees. According to Weiss Ratings, this is the best time to invest. The Jupiter, Florida-based firm stated:

The recent price decline in crypto has proved that people overestimate the potential for technology short term and underestimate it long term. We believe that the cryptoassets will revolutionize financial services — for those who play the long game

Analysts at Weiss recently looked at the anticipated triggers of a bull run in the crypto market. Led by elite DLT engineer Bruce Ng, the firm came up with the launching of Bakkt as the biggest trigger to an expected bull run next year.

Read in full https://nulltx.com/weiss-says-buy-bitcoin-now/

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[gentlemand]

Hey, don't forget the Chinese government also puts EOS at number one or something. That's two extra big thumbs up from operations who command universal respect.

To be fair there've been much, much worse times to buy for well over a year now if you're a long term believer.

[pooya87]

this is just advertisement for their group and nothing more. whether this is actually the best time or not is an entirely different discussion! people should always avoid taking investment advice from others like this no matter what kind of company they are running. these people don't care about being correct, they just want their brand name be heard.

in any case this is a good time to enter, unless you are greedy and always want a lower price which is a mistake in any market. because that kind of greed will make people wait for eternity since they always want  a lower price no matter how low it goes!

[figmentofmyass]

Also, I predict Bakkt will postpone its launch by another 3 months which will cause another dump to $2000.

fortunately, this is becoming a common sentiment. $2k is becoming the typical bear call, and the perma bears are calling for $1500 or triple digits. most people don't believe in $3k support anymore, which gives me a sliver of hope that it will hold.

Analysts at Weiss recently looked at the anticipated triggers of a bull run in the crypto market. Led by elite DLT engineer Bruce Ng, the firm came up with the launching of Bakkt as the biggest trigger to an expected bull run next year.

a bull run next year? because of bakkt?!

maybe a relief rally, but let's not get our hopes up too much. this year was just like 2014, which means 2019 will probably be quiet. recovery takes time.

[davis196]

I kinda agree with Weist Ratings that this is the best time to invest.But,if you invest and hodl for the long term,there's no such thing as a "best time to invest",which means that their statement is a little bit pointless.
Everybody is waiting for Bakkt to bring in the new bull run.Why?It's a platform that will create bitcoin derivatives,which is something similar to btc futures trading.

[LeGaulois]

I remember the buzz on Weiss Ratings and their biased top 50 cryptos. Weiss Ratings isn't teaching us something news. Either you believe in cryptos and hold and the gains will come in the future, either you consider it as a short-term investment and are currently in lose or soon and ready to leave the market.

Even if the slap is severe, the crypto market has still its potential otherwise companies wouldn't been investing millions in

[cindygirl]

I would say that now does seem like a promising time to invest though I do expect a clearly defined bottom to form first after a sharp drop and a sharp rebound so maybe somewhere around 2500. Though this news makes me less optimistic, Weiss generally seem to be fairly far off with their predictions and are very lax in a lot of their reporting.

As for Bakkt. That's not going to cause a bull run of its own. It might add some market support or contribute slightly to a steady recovery but it won't cause any kind of buying frenzy.

[bbc.reporter]

Hey, don't forget the Chinese government also puts EOS at number one or something. That's two extra big thumbs up from operations who command universal respect.

To be fair there've been much, much worse times to buy for well over a year now if you're a long term believer.

Agreed, however it does not make Weiss ratings more trustworthy nonetheless if they made the correct recommendation this time.

What trustworthy ratings agency would rate EOS higher than bitcoin?

[o_e_l_e_o]

I shake my head. Is this the same Weiss Ratings that rated bitcoins a C but rated EOS an A? What fraud and craftiness is this? Do not trust them.

Yup. Back in May and June they were rating EOS as an "A", which by their own rankings means "strong buy" with a "high probability of stability". EOS has fallen by ~90% since then, and that's without even touching on the fact that EOS is a centralized scam. It would seem both their judgement of what constitutes a good coin as well as their judgement of current market conditions is poor, at best.

Also, we've been promised bull runs due to various events many times before that never happened. Chinese New Year, institutional investors and Wall Street bonuses all come to mind. I'll believe the Bakkt lead bull run when I see it.

[fabiorem]

Wasnt this one the same Weiss Ratings which said bitcoin was a scam in the past?

[glowing10]

For me even if anyone said or not what is th best time to buy , I follow when markets are down it is the time to buy and not panic like others and when it’s rising and other are buying it is the time to sell and leave the market and book your profits rather than becoming more greedy.

[STT]

When people give advice like this in investment terms its ideas to get involved in a trade actively.  The normal brokers dont really have the same HODL meta that exists in crypto space

Analysts at Weiss recently looked at the anticipated triggers of a bull run in the crypto market. Led by elite DLT engineer Bruce Ng, the firm came up with the launching of Bakkt as the biggest trigger to an expected bull run next year.

So they'd also give a stop loss with these ideas which is fair I guess.   Then next month maybe they have new idea, I dont know how dedicated Weiss is to just this one sector or they are just wanting to be listed as an expert broker or analyst in this space

[sana54210]

I doubt they mean EOS is a better project than bitcoin itself, the idea of a rating is not to promote a currency or even rank the greatness of it neither. The point is the potential and if you look at the potentials bitcoin needs to make about 6x or so to break the previous all time high whereas EOS requires a lot more and when the market goes up it usually goes up all together and remember last time bitcoin broke its all time high and reached 20 thousand dollars all other coins broke their all time high and reached new highs as well. This rating only shows that if bitcoin can go up than EOS can go up even faster, yes bitcoin could be x10 one day (hopefully) but when that x10 happens EOS could do x50 at the same time, thats why Bitcoin is C and EOS is A, not because eos is nowhere nearly as good as bitcoin.

[criptix]

I doubt they mean EOS is a better project than bitcoin itself, the idea of a rating is not to promote a currency or even rank the greatness of it neither. The point is the potential and if you look at the potentials bitcoin needs to make about 6x or so to break the previous all time high whereas EOS requires a lot more and when the market goes up it usually goes up all together and remember last time bitcoin broke its all time high and reached 20 thousand dollars all other coins broke their all time high and reached new highs as well. This rating only shows that if bitcoin can go up than EOS can go up even faster, yes bitcoin could be x10 one day (hopefully) but when that x10 happens EOS could do x50 at the same time, thats why Bitcoin is C and EOS is A, not because eos is nowhere nearly as good as bitcoin.

Or just look at steem - dead alts everywhere.

[Wilhelm]

I fail to understand that people look at "experts" for advice on something as new and groundbreaking as Bitcoin.

[o_e_l_e_o]

I doubt they mean EOS is a better project than bitcoin itself...

Except that's exactly what they mean: https://bitcoinist.com/weiss-ratings-releases-93-cryptocurrency-grades-free-week-7-major-winners/

In terms of technology, they rated EOS "A-", while rating Bitcoin "B". In terms of investment, EOS was "C-" and Bitcoin was "D+". They think EOS has better technology than Bitcoin, will be more widely adopted than Bitcoin, and has a better risk/reward ratio than Bitcoin. Frankly, given that EOS is designed entirely to make profit for the 21 centralized, corrupt, vote-colluding block producers, and these block producers can reverse transactions and "confiscate" (read: steal) your coins at any time with no oversight or appeal process, it is frankly laughable to think that this is somehow superior to the decentralized nature of Bitcoin.

This is why you should pay no attention to the Weiss ratings.

[dothebeats]

Another 'well-thought' article. /s

Anyways, I won't be confident on investing now if I want to hold it for the short-term, but for long-term prospects, this is actually already a good entry-point. Bears are still calling for a $2000 bottom and overly-enthusiastic fudsters suggest that we will be seeing 3 digits come next year. Bakkt will be one of the reasons the market will change its tempo but like you, I also doubt that they would be getting their launch ready come next month, seeing that the market is still in distress and they don't want to operate to a loss.

This means that I will have time to buy coins and leave them again for a few months/years before being frantic about checking the prices every now and then.

[bbc.reporter]

I doubt they mean EOS is a better project than bitcoin itself, the idea of a rating is not to promote a currency or even rank the greatness of it neither. The point is the potential and if you look at the potentials bitcoin needs to make about 6x or so to break the previous all time high whereas EOS requires a lot more and when the market goes up it usually goes up all together and remember last time bitcoin broke its all time high and reached 20 thousand dollars all other coins broke their all time high and reached new highs as well. This rating only shows that if bitcoin can go up than EOS can go up even faster, yes bitcoin could be x10 one day (hopefully) but when that x10 happens EOS could do x50 at the same time, thats why Bitcoin is C and EOS is A, not because eos is nowhere nearly as good as bitcoin.

This will make some sense only if we find out that the people behind Weiss' cryptospace division only knew as much as the newbie farmed accounts that post in the main altcoin subforum.

Which they might be hehehe.

[BrewMaster]

I doubt they mean EOS is a better project than bitcoin itself, the idea of a rating is not to promote a currency or even rank the greatness of it neither. The point is the potential and if you look at the potentials bitcoin needs to make about 6x or so to break the previous all time high whereas EOS requires a lot more and when the market goes up it usually goes up all together and remember last time bitcoin broke its all time high and reached 20 thousand dollars all other coins broke their all time high and reached new highs as well. This rating only shows that if bitcoin can go up than EOS can go up even faster, yes bitcoin could be x10 one day (hopefully) but when that x10 happens EOS could do x50 at the same time, thats why Bitcoin is C and EOS is A, not because eos is nowhere nearly as good as bitcoin.

you are wrong because if you check the criteria the these ratings use they are not using price among them at all! they are basically calling it "technology" under different characteristics which they compare and then rank the coins. for example one thing they consider is the smart contracts and if a coin has that option it automatically gains a higher rank!
(i don't need to go into details of how this is flawed because you are comparing apples and oranges)

besides when it comes to rises, altcoins are known to rise in short term and then get dumped hard. not to mention that their star burns bright but short. meaning they get pumped this time, many will disappear after this and be replaced by new ones that get pumped in their stead.

[o_e_l_e_o]

This will make some sense only if we find out that the people behind Weiss' cryptospace division only knew as much as the newbie farmed accounts that post in the main altcoin subforum.

Everyone has an ulterior motive. I wouldn't be surprised to find the person in charge of Weiss' crypto rankings was holding a bunch of the coins they rated the highest.

they are basically calling it "technology" under different characteristics which they compare and then rank the coins. for example one thing they consider is the smart contracts and if a coin has that option it automatically gains a higher rank!

You are correct, and it is frankly hilarious that they think EOS outranks bitcoin on "technology". EOS doesn't even outrank fiat in terms of "technology". At least with fiat if your bank freezes your accounts or steals all your money they have some kind of review process, or you can appeal to the relevant financial regulator. When the EOS block producers decide to steal all your coins, there is absolutely nothing you can do about it.