It never ceases to amaze me just how passionate some crypto enthusiasts can get.
I kind of expect it when we give a disappointing grade to a coin they love. Like Bitcoin’s C+, for example.
But it seems the fury can be equally intense when we give a good grade to a coin they hate.
In fact, that’s what we just saw happen this weekend with another explosion of buzz on the Internet about the Weiss Cryptocurrency Ratings. This time all about NEO.
Suddenly, investors start moving big money. Suddenly, thousands of bloggers curse, praise, cajole, demand. Instantly, we’re bombarded with questions. Our blog, Twitter, email, phone.
My short answer: Attend our emergency conference on Wednesday at 2PM Eastern. We will talk about it then — in the right context. (If you’re already registered, great. If not, sign up here. Tomorrow’s the deadline.)
In the meantime, let me remind you of some important caveats:
Caveat 1 is about change. The pace of data and news in the crypto world is fast; in the crypto investor market, even faster.
So don’t be surprised if our grades change frequently. And don’t overreact when they do. It could be temporary.
Caveat 2 follows on the heels of the first: Outdated Weiss Cryptocurrency Ratings have little more than historical value.
Folks who act on old stuff could wind up in deep doodoo, buying when they should be selling, or vice-versa.
Caveat 3 don’t trust “second-hand” Weiss Ratings. I know folks like to share with friends and family.
But we’ve lost count of the number of false or doctored ratings (supposedly ours) that have been passed around the Internet.
It seems some folks (dear reader excluded) are willing to do almost anything to goose up buying frenzy in a coin they love … or trigger a selling panic in a coin they hate.
Like UFC matches without a referee. Or like the Golden Gloves where my Dad boxed as a lightweight. (That was 1924.)
Here’s the thing.
Most people don’t get this fired up about something for nothing.
It’s for money. And the stakes are big.
For investors, that’s actually a good sign. It means that the opportunities in cryptocurrency trading are not bogus or trumped up. They are real. There are indeed massive profits being made daily.
Ditto for losses.
I hope this gives a better understanding of why we started on this cryptocurrency ratings journey in the first place.
We’d like to see our ratings help inject some sanity into market. And we’d like to see investors learn how to make more money with less risk.
Not sure if we’ve gotten very far with the first goal. That’s obviously going to take time.
But we’re definitely ready to kick off the second goal. That’s the main agenda for Wednesday.
Looking forward to seeing you there.