RE: The Crypto Gradings Are Out! (Weiss Cryptocurrency Ratings)
Not sure I agree entirely that they are that independent, newageinv.
I haven't done any exhaustive research on Weiss, but it seems from a quick glance that they have been in this space a while already.
So, basically, when it comes to rating assets, it would seem they are accustomed to rating markets which are - at least to one degree or another - rigged. A tell-tale sign is they don't feel the need to provide fuller details on their findings.
As for it being free... I don't know how they would survive by doing all that work without charging for it, right? I mean otherwise they'd be a charity. Or they're a front for the 'winners' in the rigged system.
And, if you do make any sales reporting on who winners are, in a rigged market, well .... then surely you have implicated yourself.
That's my opinion, anyway. I wouldn't be too quick to assume their independence. Perhaps a good starting point would be to ask independent from what/who?
Agree with your thoughts. When I mention independence, I mean it relative to others in the space whom charge for ratings. Weiss does not (and really cant due to decentralization) do that. However, agree that they are not totally independent as they are charging for this without much transparency (as mentioned in my post). They are just taking advantage of the hype of the crypto space to get some subscription. The risk is letting them have influence on the pricing with little to no disclosure regarding their methodology.
I'm one of the leading analysts at Weiss. What I can tell you is our revenue model is subscription-based. We will provide a host of services related to our ratings like trading advice, alerts, education, etc. We do not accept payment for our ratings, and we strive to be as objective as humanly possible. There is quite a bit of bias and partisanship in this space. This was surprising to us, you don't generally find that in traditional markets. People not only hold on to their coins, they believe in them. We're now moving to be more transparent with our ratings, and look forward to community feedback!
Hi juanvilla,
So, just to be clear, newageinv said, above, that Weiss does not charge for its ratings, but you do, right? That's what the subscription service is, if I understand correctly.
So when you say, 'We do not accept payment for our ratings,' what exactly do you mean? Would you mind clarifying?
Thanks for your input.