Do you believe in crypto ratings?

[FLHippy]

Hello,

I see big differences between these two big rating agencies CCID (The China Center for Information Industry Development) and WeissRating. According to CCID is Bitcoin one of the worst cryptocurrencies. In WeissRating Bitcoin has achieved the best mark. Also, EOS in WeissRating has a pretty different rating. How can they get so different results?

CCID


WeissRating

[ryzaadit]

Depends did the service it's subjective or not.

If they same like ICO Rating who make fake ratings because of the paid review and ratings. But the best ratings its from your own speculation when doing due diligence, that's would be good cause you using your own speculation without using other people review.

[Gorosden]

This is not ICO or IEO rating websites were ratings are given to projects based on payment, EOS is the best altcoin in asian part of the world so I'm not surprised that it top the list, this is CCID own rating and it's not bad IMO

[ryzaadit]

This is not ICO or IEO rating websites were ratings are given to projects based on payment, EOS is the best altcoin in asian part of the world so I'm not surprised that it top the list, this is CCID own rating and it's not bad IMO

That's why, I write this on my post.

Depends did the service it's subjective or not.

You don't know how their business work, some of the cryptocurrency coin provider who also giving a review or score sometimes making a direct conversation to offer their service with a good score and some ads on their website.

[crwth]

I didn't know there were those kinds of ratings. If it were very respectable people who rate this, I would be into it just because of their credentials, not directly believe it, but make it seem plausible at first. It's best to be skeptical at first. If it's just a random site just to shill a type of coin, it's probably not going to be a great idea to believe in that rating.

So it would depend on the reputation of the site for me to "believe" in those kinds of ratings. It's not right away, but I will check the facts for sure. And yeah, Bitcoin is number 1, always.

[bitmover]

How can they get so different results?

Simple. They have different sponsors.

I would completely ignore any company which gives Bitcoin a low rating. There is no ecosystem without bitcoin.

Additionally, how the hell does IOTA gets a good grade in Weiss rating? IOTA just paid them.
IOTA is corrupted, stealing coins from users using their centralized "coordinator" which confirms transactions.

A transaction free and instant which uses a centralized validator??  No thanks, I just prefer to use Visa.

[umbara ardian]

This is not ICO or IEO rating websites were ratings are given to projects based on payment, EOS is the best altcoin in asian part of the world so I'm not surprised that it top the list, this is CCID own rating and it's not bad IMO

I am quite surprised why they have this priority. Obviously they need to be fair to all projects across the globe, Btw I also accept this rating because they are a reputable site.

[angrybirdy]

This is my first time seeing crypto ratings, and just like @ryzaadit said, if this is the same as ico rating that was biased because they are being paid to advertise even fraud, this is something that we should never trust.

Just like OP posted, there are two crypto rating that has different rating result. It only means that one of it was being paid to spread fake or false information because they are being paid.

[so98nn]

That's insane to call bitcoin as worst cryptocurrency. That even sounds crazy while reading it. I mean all these years bitcoin has given such stubborn backbone to the crypto industry and all they are saying it as bad boy here.

Those who rate shitcoins over the bitcoin either play with blue chip stocks or they don't understand the gravity of bitcoin at all.

Also, coming to the topic, these things can be manipulated easily if it profits the surveyor. There could be many reasons such as putting more stress on other coins and thus pumping their signals. Or other ways to manipulate the market in local regions. It's big world with big intentions.

[ife2020]

I do not rate crypto ratings; because it has little impacts, little effects on the realities of each individual tokens rated on the app. As a trader, you can ensure by yourself to rate tokens for yourself. Do the ratings by comparing the volume, trade history, 24 hr trade cap. and the products and usability of each token against one another.

All in all, always do your own research.

[Yogee]

I can't read Chinese but I am guessing the CCID rating is about the performance of each blockchain.

The Weiss rating you posted is the overall rating. The criteria includes adoption, technology, market momentum, and investment risk.
Bitcoin tops all criteria except technology that's why it's also first in the overall rankings.

A better comparison between the two rating sites would be using Weiss ranking by technology https://weisscrypto.com/en/cryptos/screener/shared/coins-by-technology You can see there that Bitcoin blockchain is ranked 11th and graded as fair.

[GreatArkansas]

It's kinda difficult to trust such crypto rating providers. Unless they are open-sourced or something like community driven ratings.
It's really expected that we can achieve different results for every different crypto rating providers because they have different sources or somehow they are manipulated like some projects will pay a huge amount of money just to get some good ratings.

[nutriagrigia]

There are many criteria by which they evaluate cryptocurrencies. the ability to scale / commission in the blockchain/transaction speed and so on. it's hard to say which rating is really correct.

[covfefe_]

There are many criteria by which they evaluate cryptocurrencies. the ability to scale / commission in the blockchain/transaction speed and so on. it's hard to say which rating is really correct.

Yes, both of these institute has criteria for providing points and different rating scales. They look over a specific points and provide points from the scale. The ranking depend on how many criteria they'd look for and how much are the weightage of each. They are a technical measurement that may not reflect the sentiments of market.

[TEX-LXRY]

There was a time when ratings were considered to be reliable now I do not believe any of it.

[timmmers]

How can they get so different results?

Simple. They have different sponsors.

I would completely ignore any company which gives Bitcoin a low rating. There is no ecosystem without bitcoin.

Additionally, how the hell does IOTA gets a good grade in Weiss rating? IOTA just paid them.
IOTA is corrupted, stealing coins from users using their centralized "coordinator" which confirms transactions.

A transaction free and instant which uses a centralized validator??  No thanks, I just prefer to use Visa.

Do you think that "The China Center for Information Industry Development" is really corrupted? I don´t think so, it is a state institution, so it should have some value.
On the other hand, we do not know how these companies rate cryptocurrencies. We see only final rating and ranking, but we do not see reasons why. So until they provide facts, it doesn´t have any value.

[kingzpro]

Hello,

I see big differences between these two big rating agencies CCID (The China Center for Information Industry Development) and WeissRating. According to CCID is Bitcoin one of the worst cryptocurrencies. In WeissRating Bitcoin has achieved the best mark. Also, EOS in WeissRating has a pretty different rating. How can they get so different results?

CCID


WeissRating

This rating or ranking is solely based upon their own factors that may be different from what a common investor or user is looking for, my personal assesment is that they have given a lot of weightage to speed of transactions and the smart contracts also seem to have some weightage so nothing to worry about btc is still the king.

[jossiel]

Each rating site has their own bias for certain cryptocurrencies. They can say that it is the worst-performing because they don't like it. But if they're giving that rating to bitcoin, they are out of their minds. Bitcoin has always been the best performing cryptocurrency.

I don't trust most crypto ratings these days. They are mostly pushing the business too far up to the point that they can give a good rating to a bad project and bad rating to a good project.

[kindbtc]

I do not follow any kind of rating or surveys or even expert opinions now because after so many years i have learnt that market decides when to move, market decides when bull trend starts and it is the market only that decides when the down trend will start so no real value in all these ratings or stuff.

[enhu]

I do not follow any kind of rating or surveys or even expert opinions now because after so many years i have learnt that market decides when to move, market decides when bull trend starts and it is the market only that decides when the down trend will start so no real value in all these ratings or stuff.

I wasn't following any of these ratings too. But its funny how they all differ from each other Weiss listed XRP in the fifth. CCID understands its the worse coin they could ever promote so they listed to the last. None of them provided information as to why this is how they rank it but we all know its BTC that has the biggest trading volume and CCID just ignore it.