what's the point of an event that includes 4/5ths of the competitors for worlds, a month before worlds? when you win europeans, you can point to the winner and say "they are the best russian." that's huge. but the winner of 4CC? "they're the best in...well the best at this competition because this competition rarely predicts worlds rankings."
if there were a north american championship you can point at the winner and say they're the best north american skater. that's a huge statement for ice dance and pairs.
if there were an asian championships, you can point at the winner and say that they're the best in asia (after yuzuru hanyu). that's huge for guys like shoma uno, boyang jin, and denis ten.
yet this giant vague cover of 4 continents is just meaningless. it's like another grand prix. meaning that whoever happened to skate their best, won. unlike europeans where it feels like the winner is the best in europe/russia. it has more impact if it is more specified in location.
that being said ive only been a skating fan for 2 years and i don't think europeans is more prestigious. i think skaters treat it that way when there's that russian rivalry and you see skaters almost tear up and get mad for losing (radionova). but you don't see that in 4CC cuz everyone there except satoko is a freaking head case so whoever the winners are were just lucky to have been the best that day. you just learn to accept whatever happens because you don't expect everybody to be at their very best because there's nothing to prove. there's no strong rivalry that people want to compare.
comparing russians with russians is good. yet comparing the best lady from the US with the best lady from japan? it just doesn't matter to us. now if there were more rivalries like having ashley vs gracie vs polina, or patrick vs yuzuru vs javi, or mao vs yuna or tessa/scott vs meryl/davis, it might be more exciting. but those huge match ups happen a month later at worlds anyways so whatever happens at 4CC doesn't mean anything if the results are switched at worlds. what's the point if the prestige of winning is cut off once the true match up, worlds, happens a month later? this is why i dont even care about europeans (though ive only been a fan for 2 years, don't know why it's so popular), because it's like a second russian nationals with javi winning a gold medal to make him a more legit competitor for yuzu and patrick. i mean good for him but there is no more plushenko or yagudin or stephen lambiel to give the men any competition. the ladies is a 2nd russian nationals, or a true russian nationals w/o politics. same for ice dance and pairs. there aren't other countries that bring a challenge to russians at europeans.