WEISS RATINGS - STEEM TO THE MOON! Up 30.00%!!!
The Weiss Rating Agency site crashed this morning...probably by the amount of traffic directed towards it! For those who don't know, weiss ratings released this morning their ratings on 74 cryptocurrencies. A lot of attention is directed towards it and I was really curious to know their ratings on STEEM.
Seems like Christmas came early this year! People don't even have to pay in order to know that STEEM is a buy opportunity.
I was able to find some information on their splash page:
http://finance.weissratings.com/crypto/
Here is an excerpt:
PALM BEACH GARDENS, FL — Weiss Ratings, the nation’s leading independent rating agency of financial institutions, releases today the nation’s first-ever grades on cryptocurrencies by a financial rating agency. Weiss gives Bitcoin a C+ (meaning “fair”) and Ethereum a B (“good”). None of the cryptocurrencies covered currently get a grade of A (“excellent”). In total Weiss currently covers 74 cryptocurrencies.
A grade of A or B can also be interpreted as the investment rating equivalent of “buy.” At the same time, investors should not be overly alarmed by a C rating. It is a passing grade, and for investors, implies the equivalent of “hold.” Grades of D” and E” are the equivalent of “sell.” However, investment decisions should not be made solely based on ratings. They are meant as a tool in the context of a broader risk management strategy.
What makes Weiss’ entry into cryptocurrency ratings significant is its history of independence and accuracy in other investment sectors, as noted by the U.S. Government Accountability Office (GAO), Barron’s, The Wall Street Journal, and The New York Times, among others.
“Despite extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to investors,” said Weiss Ratings founder Martin D. Weiss, Ph.D. “However, the market is hectic and confusing for investors. They need the clarity that only robust, impartial ratings can provide.”
The Weiss Cryptocurrency Ratings evaluate price risk, reward potential, blockchain technology, adoption, security, and other factors. “Due to rapid changes in the data,” explains Weiss, “upgrades and downgrades are more frequent than in other sectors we cover.”
Below is a sampling of Weiss Cryptocurrency Ratings, selected randomly to illustrate a variety of strengths and weaknesses:
- Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.
- Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks.
- Novacoin (D) and SaluS (D) are weak in terms of both technological innovation and adoption.
- Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature.
Read more here: http://finance.weissratings.com/crypto/
The rest of the information is for sale but it's interesting that they mentioned STEEM as a "bonus" on their landing page.
CONCLUSION
We are not crazy! STEEM is definitely a buy!
Thanks for info - now I am getting an idea what might caused this massive spike on steem today. Good job.
Long Live Steem
Steem also got mentioned in Zerohedge.com
Yes! A lot of good news lately!
Long Live Steem my friend!
May we all drown on a sea of positive % signs :D
full ratings list here:
https://steemit.com/bitcoin/@altcoinmoonshot/weissratings-release-bitcoin-given-a-c-comment-on-biggest-surprise-below
I had no idea about the weiss rating site. I was totally dependednt on coinmarketcap haha!!
2018 is gonna be a crazy year for steemit, with price speculations of $100 per steem, I've even come across speculations expecting $1000 per steem. Crazy world!!
I think most people that have ever used Steem can tell you that. If we could convince coinbase to add Steem and exchanges to make Steem a base trading pair it would be in the thousands and I think arbitrage trading would help keep price differentials between exchanges at a minimum with free, quick, reliable, transfers.
So far as i saw around 5-6 coins have B- rating so steem is in the top of the world with Etherium :) hope more people will look into steem and grab opportunities . And need to look later for some A, so grab them :D
And koreans are crazy with upbit trading 200 millions per day! Hope china lift the ban and they will trade more than koreans : )
Oh, yes, it's very pleasant that the STEEM was included in the list of rating currencies according to the opinion of the Weiss Rating Agency. We see again what we are talking about on the STEEM, namely, that the STEEM is more perfect in many ways, it is commission-free transactions, better bandwidth and scalability, I most importantly have the same quality as the social network, which speaks of a broader spread among ordinary people. I'm sure if the STEEM has such recognition from such an agency, then the future of the STEEM will become more assured and it's time to buy! Thank you @cryptoctopus
It's always time to buy in this blockchain at this point of time.
The price is still too undervalued!
HODL
Yes I saw it "live "happening.. i was shocked to see it go that fast.. for me the first time to see it in such detail.. I hope this is a start for much more..
@cryptoctopus - Sir they understood the power of STEEM... A big news Sir... Now it's proven STEEM is better than BTC... Nice update Sir...
Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature.+W+
This is awesome news. Not that I really was too worried with the huge dip, but it's great to have validation that Steem has a bright future. I wonder where we'll be in even 3 months from now!
I have never cared for Weiss. (As you get what you pay for... and since Weiss doesn't charge the clients, they are getting money from elsewhere, and that influences things)
But, it is generally a good place to start.
I agree with no crypto being an A. How can anything in its infancy be an A rating? We haven't even gotten started in cryptos. Even the much loved block chain will have several additions to it that will make it FAR BETTER.
So, we will see how Weiss responds in the future.
I am sure that many cryptos will be as money, and so their ratings will be A. Will Weiss accurately rate them?
they'll make money from their subscribers now. That should keep their feet to the fire to provide good ratings for solid projects.
Its good news for me and every other steemian
Please check my post on you i have created for you and dont mind if u dis like it @cryptoctopus
It's a shame that we can't see the whole list (although I respect that Weiss wants to make some profit). Now that Stripe will no longer accept Bitcoin as a payment option, it would be cool to see how more payment-friendly alternatives (OmiseGo, Ether, Stellar, Bitcoin Cash Litecoin and Dash have been mentioned) would be rated. But anyways, STEEM is a pretty safe buy.