Chinese rating cryptocurrency

[usorin]

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

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

[1714114608]

1714114608

[Zadicar]

@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.

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 .

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.

[fiulpro]

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.

[haidil]

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

[RealMalatesta]

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.

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.

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.

[mersal]

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

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.

[b3llsf1l3s]

"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.

[X-ray]

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

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

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. 

[Yaunfitda]

"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.

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.

[freedomgo]

"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.

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.

[justspare]

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.

[n0ne]

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.