Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
fluidjax
on 25/01/2018, 06:08:26 UTC
⭐ Merited by JayJuanGee (1) ,Last of the V8s (1)
I may have called these Weiss raters "experts" but surely I could have placed quotes around such a designation because I was only referring to them as "experts" in the traditional financial markets sense, and not really conceding that they are true experts, especially in terms of what they would consider to be valuable in a blockchain, and surely, they would not place much value upon decentralization, and that is truely what brings value to bitcoin above and beyond traditional systems and also beyond other cryptos who only feign decentralization rather than actually accomplishing such in any close proximity to bitcoin.

I think we are so used to see disclaimers suchs as "past performance is no guarantee of future performance" type statements we don't hold these people to high standards.
These Weiss raters are indirectly making predictions about what is going to happen, and these predictions are clearly testable.
But I don't see any evidence that any previous predictions were correct. (probably because they only just made up their system)
Until they can prove something like
"If you invested in our top X crypto currencies in the last year you would have made X% profit", then it's just meaningless noise.
Any of us could put together some rules, take a few photos of old men wearing suits on a professional website and then make some recommendations, but we shouldnt give it any weight unless it has been shown provably correct.

But I'm guessing from their currenct set of B rated cryptos, its highly likely that in a years time we aren't going to be giving them much respect.