Chinese rating cryptocurrency

[Reid]

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

Are you talking about coinmarketcap? 

Do not just go with ratings. Most of it are biased. They will take a coin to rank one if the payment is good.
Specially now, who will pay for bitcoin? While XRP  have someone in its back to pay for advertising their coin.

Just do your research and look at the usage of every coin. If it is ranking I still prefer ETH rather than XRP and of course BTC at my top list.

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[oegarod]

The ratings of China on the cryptocurrency is entirely different from the ratings that were done globally. EOS has got good userbase and one of the strongest platform without much issues till date. I'm not sure about bitshare, which is listed at the second place. Found it having good trading volume, but reaching the second place defeating major top listed coins in the coinmarketcap makes it an entirely new listing.

[Mometaskers]

https://news.bitcoin.com/china-crypto-rankings-bitcoin/

The China Center for Information Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, officially published its fifth crypto rankings on Sept. 20. Thirty-three crypto projects are ranked. Each is given an overall score and a separate score for each of the three categories – basic technology, applicability, and creativity.

In the overall ranking published Thursday, the center put EOS at the top of the list, followed by Ethereum, and then Bitshares. EOS and Ethereum were also at the top of last month’s overall ranking. Bitshares, however, jumped from the 12th place the 3rd place.

BTC was downgraded from the 10th place to the 16th place while BCH fell a few places, from the 29th place to the 31st place. In the creativity category, however, BTC tops the list, with EOS in the 3rd place.

This is just the Chinese government ranking cryptos. It don't even seem to reflect their citizen's preferences. Just their own "criteria".

It seems many people don't take this seriously, partly coz of the results and partly coz it's the government that came up with it in the first place.

[finaleshot2016]

Chinese is good at business, they know what will do and the productivity of that platform. In the world of cryptocurrency, we must consider their ratings in this money-related thing 'cause they're genius on it. The only disadvantage of this, they will bring the odds on their country.  

But don't be fooled by some ads or promotions because it can't be false and just paid ads.

[YOSHIE]

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

When viewed from the current development of cryptocurrency in China, Chinese people almost 50% invest in crypto, this shows that China is a good opportunity for crypto in the future.
Especially like, cryptocurrency, and digital currency or Bitcoin.
as we know for this year alone the Chinese Government issued a crypto name, for them like, EOS, and Ethereum. Whereas they place Bitcoin in futures investments. This shows that in China cryptocurrency is quite good.

[freedomgo]

The rating is only based on their own research, well, that could also give a boost on the coins especially if people are trusting on them.
For me, I would rather do my own research, things could be bias but here in crypto especially in this forum we can find a lot of good inputs on why we should invest on a certain coins.

[Ucy]

What rating are you talking about? You should be specific.
Depends on where such rating is coming from. If is coming from a government or government affiliated companies  then ignore. If it is coming from cryptocurrency related company that is genuinely pro true blockchain and decentralization then it is worth taking a look at.

[babarian]

what I know is that China is one of the countries that has a great influence on the price development of crypto currencies.
therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.

[sheenshane]

We all know that China is one of the strongest country and highest economic status globally. Compilation of cryptocurrency means the overall data of the ratings of cryptocurrencies. You can see there what are the total assets, profits, revenues of the subject. If it is China, it means that the data of their ratings on the total as a country is there. It will become very helpful if you will check it before investing in them so you can analyze how much and how far they are in the cryptocurrency industry to invest.

[BrewMaster]

the answer is pretty simple and it lies within that small term that you intentionally or unintentionally omitted from your post. and the word is government as in Chinese Government's cryptocurrency ranking. that should clarify how worthless that kind of ranking is. and if that wasn't enough you can take a look at the coins and their ranks in that list of theirs. all the centralized altcoins which they can clearly control are located on top and above bitcoin that is decentralized and despite all their attempts they failed to have any kind of control over it.

[yvesp110]

what I know is that China is one of the countries that has a great influence on the price development of crypto currencies.
therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.

China has been supporting cryptocurrency as it is most well developed county and it has ability to take any product and cryptocurrency, it has so many referencing countries who will support cryptocurrency once if china will adopt it, so it is best step for progress of cryptocurrency and we should surely use china as reference of our investment.

[Theb]

I won't be surprised if the top executives of the China Center for Information Industry Development are hodlers of EOS, ETH, Bitshares, and  NEO. I know how people woth power and influence sway the market and thisbis one of their tactics to somehow pump the prices of what they are hodling. If only somehow they have managed and left the top spot for BTC and not ranked it at 16th then their ratings would be believable but obviously it's not the case and they made their bias detectable right away.

[Crypdon]

EOS is rated number one again even though ethereum is more widespread with a bigger community and proven technology. We shall see what happens when Cardano and Tezos are developed

[shoreno]

what I know is that China is one of the countries that has a great influence on the price development of crypto currencies.
therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.

thats a genius idea mate  but idk  if the exchange can supply a reference like that  . one easy way to indicate it is by looking at the value of cryptos  . if a crypto is indemand and has a higher base value  ,  many chinese invest on it for sure .

 bitcoin for example because bitcoin got the highest value among other cryptos  .  see? there is no need to stress your self creating and analyzing for references  . and besides china isnt the only large country that we have  . there are still other large countries out there that also influence the price of cryptos  .

[TheCoinGrabber]

I've seen several posts of this on news sites. They pushed BTC below top 10. It's just their own list, using their own criterias so wouldn't be surprised if they were biased against BTC. It probably don't even reflect what the citizens are using.

[fasdorcas]

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

I do not even know why china should place bitcoin in the 18 on their ranking list. Why do i even think they were just not in favor of Bitcoin .We should even know by now that china has not really been a fan of bitcoin and they have their favorite and back to your post, you shouldn’t even put this into consideration when planning to invest. Bitcoin is and remains the leading cryptocurrency. Invest wisely.

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.

It’s really sad and them ranking bitcoin 18th on the list is the most annoying of it all. Well, this would never have any negative effect on bitcoin, those who are good with crypto knows the truth already that favoritisms played out in the high-ranking. Bitcoin should be leading on that list or possibly should be on the top 10 they rewarded

[andriarto]

what I know is that China is one of the countries that has a great influence on the price development of crypto currencies.
therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.

thats a genius idea mate  but idk  if the exchange can supply a reference like that  . one easy way to indicate it is by looking at the value of cryptos  . if a crypto is indemand and has a higher base value  ,  many chinese invest on it for sure .

 bitcoin for example because bitcoin got the highest value among other cryptos  .  see? there is no need to stress your self creating and analyzing for references  . and besides china isnt the only large country that we have  . there are still other large countries out there that also influence the price of cryptos  .

but indeed all believe that China is an influential country in cryptocurrency, for example last year when China banned bitcoin in its country, there was a very significant dump, even though prices surged eventually. I still remember that time. means that China is in the ranks of the top countries whose citizens have many btc

[Oceat]

I've seen several posts of this on news sites. They pushed BTC below top 10. It's just their own list, using their own criterias so wouldn't be surprised if they were biased against BTC. It probably don't even reflect what the citizens are using.

It is some kind of monopoly to them if we are going to ask about it but I guess this is how they have to make it look like since they all had different usage programs and apps in term of using the internet. They even had their own youtube and facebook like apps and you can't easily use their internet if you were trying to surf any worldwide trending social platform such as Youtube and Facebook.

So in other words, their government were controlling what their people wanted to see.

[daarul50]

I am not sure about this. Obviously we all know that any crypto news that emerges from China can affect the condition of the cryptocurrency. So, I think we should consider this.

[mensahkkofie]

Honestly a friend shown me the  news on  the ranking last week and I think the list is very controversial. It raises a lot of questions to be asked  since the positions of some major coins raises eyebrows. Nevertheless, China is a strong force as a country when it comes to cryptocurrencies hence one  may easily conclude that  they did it favour them.