Bit_Discourse (OP)
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February 28, 2019, 05:57:03 PM |
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What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
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mrdeposit
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February 28, 2019, 09:42:52 PM |
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I do not know exactly what it is. But we should consider how far China is about cryptocurrency. At least I know last year Chinese new year had affected the price a lot and if it is related to these issues, I guess it should be taken into consideration.
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mu_enrico
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March 01, 2019, 02:43:38 AM |
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@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. |
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elda34b
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March 01, 2019, 04:14:46 AM |
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What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
Don't use a single source. Imo it's fine to use it just for the sake of understanding which project is considered top or bad in China, but for investment, no, that's another question. If you really mean the list posted by mu_enrico above, I believe you should do further research because they list EOS & NEO in top, it is really questionable. For example, NEO blockchain faces a lot of stale block, stop producing new block lately and there are not that many dapps runs on top of it. |
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sunsilk
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March 01, 2019, 05:33:59 AM |
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Maybe it's just a rating applicable for the taste of the Chinese people. That doesn't really mean a lot if you are living outside China so why you are thinking of considering to invest with those coins that they are suggesting? I do not know exactly what it is. But we should consider how far China is about cryptocurrency. At least I know last year Chinese new year had affected the price a lot and if it is related to these issues, I guess it should be taken into consideration.
Before everyone believes that Chinese new year does affect the market a lot. But I guess it's not viable anymore to believe with this kind of even that makes the market down for some reasons, as we saw last time nothing happened. |
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maydna
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March 01, 2019, 06:05:18 AM |
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Every country has their own rating for the cryptocurrency. And if you are curious about the compilation Chinese cryptocurrency rating, then I think perhaps, it only works in China but not in the other country or exchanges.
Maybe they have a calculation to determine the rating so base on their calculation, EOS is at the first list. But I wonder why bitcoin is not in the first places. But nevermind, it does not affect bitcoin at the cryptocurrency because bitcoin still lead the cryptocurrency.
I think there will be many more rating like that and we will see the difference of which coins that have to be in the first position.
You'd better to not thinking more about those rating because I don't think that is not the real list. You know that bitcoin still on the leader in the cryptocurrency. And if I were you, I just skip to thinking furthermore.
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hugeblack
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March 01, 2019, 06:22:57 AM |
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Your words are true. Do not trust any news coming from bitcoin.com and Roger Ver. This classification is old and has been circulating among blogs since the middle of last year so I can not find that any change in the current situation only more of FUD. |
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Tamilson
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March 01, 2019, 07:00:23 AM |
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Don't believe it, China can fake anything and now I'm thinking if their people are still human.
They already master the art of faking and imitating. No offense from people, lol.
All I believe is the CMC, perhaps their people invest more on eos than bitcoin and that where this article came up.
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fauzan Ichsan
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March 01, 2019, 07:12:23 AM |
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Don't believe it, China can fake anything and now I'm thinking if their people are still human.
They already master the art of faking and imitating. No offense from people, lol.
All I believe is the CMC, perhaps their people invest more on eos than bitcoin and that where this article came up.
indeed china is famous for that, so they are like business giants in the world. besides that they can do anything to achieve results, I agree cmc is more reliable to see something right |
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Naida_BR
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March 01, 2019, 10:17:42 AM |
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Many people do not believe what Chinese government can bring to the global economies. I have been many times in controversial debates with them. Personally, I believe that China can impact the global economy very much as it is a huge influencer. The ratings that they release is good information for accomplishing better results for businesses that are in fond of these ratings.
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vintages
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March 01, 2019, 10:18:45 AM |
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It's high time you guys stop thinking that China can influence Bitcoin. China do not have any direct say on how the direction of Bitcoin moves. Whatever actions they take on Bitcoin literally do not matter, don't let them manipulate you.
OP, do not take that ranking serious or better still take it at your own risk.
Moreover, it's not every news that is published in any Bitcoin authority site that you should believe. Gone are those days that this sites gives authentic news.
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dothebeats
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March 01, 2019, 11:01:15 AM |
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If market conditions were that of 2014 - 2015, Chinese ratings of different cryptocurrencies would be a huge deal. But now that the population and people involved in the cryptomarket is very diverse, and the Chinese losing its grip on the market, I can say that this rating wouldn't be worth anything, at all. Also, Ripple being the number one on the list tells you how different their views are when it comes to trading against the best of the world. Their influence are long gone, even though they still have a tight grip on the mining game. The markets are a different thing than it was before.
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Kemarit
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March 01, 2019, 02:48:21 PM |
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What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
It doesn't mean anything to be serious. How can you trust their cryptocurrency rating when they obviously favouring other coins besides bitcoin? Chinese market doesn't have that influence to crypto unlike before so I wouldn't put too much emphasis on what their stance of what is their rating. I wouldn't blindly trust anything crypto related coming from the Chinese to be honest. |
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Jating
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March 01, 2019, 03:36:39 PM |
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What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
And why are we still considering Chinese relevant in crypto sphere up to this day? Their sphere on influence is dwindling when they make a sudden U-turn in 2017 so those compilations or whatever you wanted to call it is irrelevant as this point. And are you surprised that bitcoin is not their number rated coin? I will echo the sentiments of all the members here, don't take them seriously, they will just shill for their favorite (alt)coins in that report. |
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gantez
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March 01, 2019, 04:43:42 PM |
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China has not been supporters of bitcoin, they turned their back a longtime ago. I believe they would look for a turn around since bitcoin is still the top cryptocurrency, so they will support their favoured altcoin. They of course have a large population and that works for them.
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Upgrade00
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March 01, 2019, 05:56:23 PM |
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The research centre which drew up the ratings would surely have their reasons for ranking the currencies how they did based on their own research, and this should govern their investment ventures in cryptocurrency.
You can also to do your own research.
I can not fault their list, I can only disagree and make mine based on my investment priorities.
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sellrai
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March 01, 2019, 05:59:29 PM |
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good
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gentlemand
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March 01, 2019, 06:00:43 PM |
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Those ratings have been coming out for well over a year now. All you need to know about how pointless and shit they are is to look at what they rate highest. EOS has been consistently number one. Great choice, China. The research centre which drew up the ratings would surely have their reasons for ranking the currencies how they did based on their own research, and this should govern their investment ventures in cryptocurrency.
Chinese authorities will be most interested in chains they can control. Anything they can't will mysteriously be marked down. |
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Muzika
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March 01, 2019, 06:11:50 PM |
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What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
you can consider a Chinese crypto because the risk is lessen due to their law that any ICO that will be launch should be registered to their government agency. If I can see that article regarding that I saw before I will put it here. |
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el kaka22
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March 01, 2019, 06:32:25 PM |
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What does the compilation of the Chinese cryptocurrency rating mean and is it worth considering when investing?
Honestly, that ranking is just shameful, they made a ranking that is the most beneficial for them and that is it. It is such a weak list that they have put bitcoin at 16th place, think about it, the biggest and best crypto currency we have with the highest volume and highest user count with biggest marketcap is at 16th place whereas there are coins like bitshares at number 2. I am taking that bitcoin news website into consideration btw, if it is about some other ranking I don't know but there was one ranking shared from bitcoin news and that is just humiliating for Chinese people, I am sure they are not idiots and even they do not care about their own rankings as well. Who would put stuff like gxchain or whatever above bitcoin. If the other parts were a bit crooked I would have understand but putting bitcoin at 16th place is enough to mock this list. |
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