Bitcoin Forum

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

I am also wondering. Despite the fact that there are too many currencies on the market, new currencies will still emerge. There seems to be few projects solid in that.

To understand why there are so much coins you need to consider coins like shares which are traded on a stock market so a crypto coin is like a share. Generally speaking almost every company or project issues its coins instead of shares to attract investments for evolving that is why there are a lot of various coins on the crypto market and there will be issued new ones by new companies. It is a normal situation and do not forget that investing in crypto assets is a venture investment. By the way you may not pay attention on minor coins at all, shift your focus just on major coins like BTC, ETH and some other ones and do not pay attention on new minor coins.

Its about the competition. Those developers have seen the potential of bitcoin and they are applying what happened to it and looking forward for a better result.

Aren't you curious that each of them calling themselves that can replace bitcoin in the future and better than it. They keep on creating coins with that mindset and each of them think that this is the chance for the emerging tech to take over and their creations will be the one that will be on top.

The cryptocurrency market is now very saturated with many altcoins. Though there are legit projects too among them with the aim of improving the blockchain community, many coins are also scam and spam projects with selfish purposes of making money. That is one of the prices we have to pay for the so called decentralization.

 As you say some are duplicates, however, many are outright scams designed to get people to fork over their money.  Don't fall for it.  Pick your projects and thoroughly research them.  I've gotten to the point where I ignore pretty much any new ERC 20 token.

A lot is being created because theres a competition happening or some were just envy about a certain success of some coins thats why theyre duplicating it thinking it will affect the same with them. Another thing to consider too is theres a different platform and projects being created thats why coins is also invented.

Simply because they want to follow the path of Bitcoin and other Altcoins that successfully collect huge amount of money to make their projects and business to become possible. Crpto currency is a trend now in which creating their own coin is now an opportunity that should never miss that their are lot of people are coming in to adapt this crypto investments.

Bitcoin is a means of payment other tokens are created to serve a different purpose entirely you are right that some of the coins are duplicating functions, among them there are some with unique and different idea.

Thats a good read BUT unfortunately people aint gonna stop their greed in that way. Why I am calling it greed? because the altcoin creator is person or team who may have the intention to raise the huge funds and do nothin later on and you know why this is so? Because they want that money and when they get that money then their asses become very lazy so that our investment get stuck with the project forever.
Anyway, some of them are really genuine one and they are creating it because they want to create a world full of possibilities that can help them gain more genuine customers for their products and services.

I am so pleased. In spite of the way that there are excessively numerous monetary standards available, new monetary standards will at present develop. There is by all accounts few undertakings strong in that.

because they have a diffrent purpose or vision in their project thats why new coin created

Market has now many altcoins. I think the reason behind this may be developing crypto currency market. Also, many other creating currency just achieve selfish goal. Crpto money may be a slant presently in which making their possess coin is presently an opportunity that ought to never miss that there are parcel of individuals are coming in to adjust these crypto ventures.

I think it more to the how people like to imitating to gain the same profit on there. Long time ago web faucet and roll are good enough, and then HYIP website with its lot of risk, trading also and then now ICO. people like to make their own profit. become the boss for their own. Unfortunately they didn't realize that it bring negative impact to the market. Imbalances volume, security risk and others

It's good for funds raising, but I think have many coins is not really helping matters

They pursue the advantage of competing to be the best and most popular by the public, but that's not what they get, the market is still held by Bitcoin, very dear to those who have developed projects to bring new coins to the market, not profitable but often the object of use for get a temporary profit, everything becomes hampered after a lot of coins are listed here, how much money others invest in junk coins, just focus on the top coins, so many people talk about it.

Advertise has presently numerous alt coins. I think the reason behind this may be creating crypto money showcase. Moreover, numerous other making cash fair accomplish childish objective. Crpto cash may be a incline directly in which making their have coin is directly an opportunity that have to be never miss that there are divide of people are coming in to alter these crypto wanders.

Promote has directly various alt coins. I think the reason behind this may be making crypto cash grandstand. In addition, various other making cash reasonable finish childish objective. Crpto cash may be a slant straightforwardly in which making their have coin is straightforwardly an opportunity that got to be never miss that there are isolate of individuals are coming in to change these crypto meanders.

Sure, there is a lot of overlap between projects, but proposing that every coin with similar functionality merges, will never happen.
It would just be impossible to organize a huge merger like that, no-one would agree.

Plus, they all have their own approach, good luck on getting any sort of unanimous decision on what features to add or which project to fork.

Will never happen...

Each new coin/token has it own project and technology and purpose :). New coin/token created with main purpose that improve crypto world and seem like there are few coins/tokens are doing it really well :). Beside I think it's also really good for traders and investors cause they'll have more choice to invest their money in :).

Each coins actually have different features and varies from each other in different ways. They also work differently. Coins that are same or clone to other coins are just some shitcoin/scamcoin. Those coins have unusual values and eventually dies soon.
Honestly, there are tons of altcoins, but only the top few coins will survive since most of them serves no purpose. Others will just be less valuable or completely valueless.

Life is all about change and if there is no problem then their is no solution , there must be a problem before solution can emerge which is why we are seeing many token to be coming out every single day.

Though many are useless but some will definitely be a problem solvers, we need more competition in the market which will make it stronger but if there is view it will be miss used.

Many of the token coming out now that really want to solve problem see the bugs in the existing ones and trying to use that to make a new deal which will continue till we have another way of solving problem like new technology.

In line with the new token coming out everyday seems to also give chance to greed people which we can't eradicate and in the mix we will see the real project which is really here to give what we need.

In fact the amount of digital coins is reduced by the simple competing, but what does that mean by the theme of the subject? This means that there are 100 projects with different intentions and goals and the others are simple competition or proving some advantage in terms of speed. Overall I have no doubt if this amount of digital coins is needed. Yet it is only an orthodox view and perhaps the excessive number of digital coins will help in the near future.
 

Success of the coin depends on many factors: inovation, dev team, product quality, marketing stratagies and so on.

New products always appear, without new stream crypro cant last long. The other question is a year ago many good working products appeared and brouhgt profit in weeks, not even months.

 Now new tokens are 90 per cent garbage, but there will always be than 10 per cent wanted. Profitable minority. It is not an easy task to fish it in that crypto ocean. But it worth trying i guess

Actually they also have a goal by presenting new coins, with functions that are not much different from bitcoin. And in my opinion this competition is natural and natural. When new coins come into the market, it can be said as an achievement. So I don't think there is a problem that is too complicated in this matter, because basically everyone or team wants to become famous and achieve achievements in their own ways.

As far as I can tell, the market is full of tradable coins, but the cost to develop a new one is low enough to saturate even further.

Due to crypto popularity many project are aiming to launch their own coin to the standard of their company. Some of them are not helping the Blockchain more likely they just making it worse by spaming more transaction that shouldn't be necessary.

Also many scammer creating coins everyday to scam people specially those selfdrop than making ETH fallin.

I think they think about more competitor. If they develop more coin more people investing in it and it’s create competition.

Why not? Everybody free to create their own business and as long as they find "customer" they can duplicate whatever they want.

Its all about competition which is very common in businesses organizations and so on but my problem is this there flood the market and some do not even survive and do not even last

Why not? We have not made a great breakthrough yet, so we should look for a groundbreaking project, which really does not have to exist at the moment. For this reason, crypto startups should come with new and unique sustainable ideas (not copycats) to make a global impact. Yeah, we have got many useful coins that are constantly developing but imagine a situation when BTC was the only crypto and others did not exist. How different the whole space would be without ETH and its decentralized applications? Do not throw obstacles under the legs of innovative people, embrace their courage  ;).

Why creating more dogbreeds? Why do people make so many car brands and types? etc. etc.  It is just the human nature to create........

Some coin created with different purpose than bitcoin. I think more coin created, we as investor have more choice to invest. There is good altcoin with working product and i think good to invest. Market will make survive or not because market is good jury

they want to create they own coins that is why they create. a company wants to enter in crypo so they create their own. a group have ideas to they create their own. to raise money for their project they need to create coins. for those that fork coins i think they just want easy money.

Its because people are greedy and they want easy money by creating scam ico or no good project ico. without any good product in the market.

Also confused about this, now a lot of new coints are popping up, too many old coints, goals for investment or anything, but I don't think that all coints have good potential, in the future there will definitely be a coint that will die, if you want to invest in coint you must be good at choosing a coint that is good and worthy to be made an investment

Because those coins or token had is own uses and not all of that can use for their purchasing because they also wanted to create their own coin to gain money also and competing is the number one why those people and projects continue to create and build coins/tokens they want to signify that their business are use for their coins or tokens only and their money going around in circles and gain profit.

I agree with what you propose as new motivations in crypto, keeping coins that have long been circulating and quite popular dicrypto must be implemented, instead of making new coins or tokens with the price of a dump behind

Every company wish to have their own unique coins that they hope it would be useful to support their project. Cause if using the current available coins, they would had a difficulties to makes the coins fit the need of their project.

Yes its true so many tokens and coins are releasing daily because there are so many ico and project always releasing too. To improve each token what will be the possible potential in the future.

I think Cryptocurrency project is similar to a country that have their own currency. That way they would be able to manage their internal system and maximize them just as what they need.

It simple, they want to earn more money among the ICO, even the ICO reached their hardcap, all those companies have earned the big money, and they can sustain and develop the project, anyway some scammer have stolen all the money and never active again.

This is the market of cryptos and so as the world of business...since many developers wants to gain success bitcoin has which make some multi millionaire they start creating such coins hoping in future time it will lead to the same path bitcoin has. But the idea of focusing to one coin is good that is if the supply is not limited and enough to support the growing demand.

Crypto currency increasing rapidly and lots of them are not useful. But some of them really improving and seems that after taking some time they will be promising crypto like ethereum and bitcoin.

They create more newly coins because there's a lot of good idea and services that is deserving to develop around the internet using the crypto process. Well, its good to be in crypto market because your potential costumer is those people around the world. Also, this kind of process is in demand to lessen the effort, time and fee of course. The is the main advantage of crypto that's why they want to create more to benefits on that easily.

Create more coin is sams like we have some ide and making it with blockchain.
When it be that why we need a coin.
In this world cryptocurrency just have a begins and will grow more and more again.

There are so many sectors of the economy and lifestyle that needs new coins. Very soon cryptocurrency will be Globally adopted and every coin will have a special use case assigned to it. Example Traveler token will be used to pay for travels and hotel bookings, etc. And so does other new coins. Capische

Each new project has some useful idea. And the coins that this project produces are designed to help in the implementation of this idea. And these coins are really very much. But who knows, maybe some of them will be able to get the same great popularity as bitcoin or ether.

Exists a lot good the ideas and projects which lack financing. On it they create the token and sell them to all as a part from future profit from the project.

ITS ALL ABOUT MONEY!

This is why we do see lots of coins in the market and most of them do end up on being a trash or garbage due to repetition of ideas that it gets from other projects and so on and besides you cant really stop developer to create their own coin wishing up that they would really end up to become the second satoshi nakamoto gaining its success into its creation.

There is no reason for most cryptocurrencies to exist, most of them are just quick money grabs looking to fake demand in order to grab as much money as quick as possible. You can just look at projects that launched early last year and see where they are now, most of them are in the bottom 500 market cap, pretty much making them trash coins. Next year look at the coins that were released this year, and you will see the majority are trash again.

      They are making business in ICO and every ICO project  have their brand new name of tokens so this will automatically added to the existing coins perhaps bounties are benefitted on it , but despite of the saturated tokens in the market , these new coins will become very popular than the old ones .

The reason for creating more crypto stems from the fact that everyone wants to launch their own project. Teams try luck. Those who cannot make the conditions for success of the coin or token are melting in the market.

The more the coin the higher the competition, there are lots of coin trying to over come bitcoin and Ethereum so for every coin created it has it own purpose and function.

different functionalities and also community and developers some coin are more stable than others

I think creating new coins is like an insult for crypto users. I am not saying that all of coins are bullshit,but major part of them does

Someone wants to create something of his own, comes up with a unique idea, creates his coin, launches ICO. Hence, such a large number of different coins. But the problem is that not everyone is able to realize their idea and coins of such a project become useless.

we think it's true, with so many competitors right now there are many coins that are circulating today. the longer the development and competition is increasing so high.

They can take their opportunity from crypto on their own way. Remember these guys are creating more coin and then try to use it to raise the funds from investors.
This is just an old trick for me personally and i can say this can't be done so easily. But you can see that how many people have created their own one and then it has been fallen and becomes a failed coin?

Although there are mainly very bad and useless altcoins, we can see some good, successful and lucky new coins on the market. Despite this situation, I believe that some of the new coins can give very good profits to their investors.

If more cryptos are born with ICO forms, the market will become more competitive than ever. But now the ICO scam rate is becoming increasingly high, so the management and control involved in releasing the ICO project to help investors avoid fraud.

The creation of new coins is due to the development of modern technology. Electronic money is very diverse and abundant. There are lots of pennies for you to choose from. New coins are available to meet the user's needs for fast price, shipping and transaction costs.

That is the result of having a lot of coins in the market which have  the same in usage. Strong competition is ON right now and causing some unproductive coins to die or just buried down. Investors may preferred of investing old coins rather than seeking for new which it won't show any progressive results yet and it makes new coins easily dump.

This is a matter of profit. bitcoin became a very successful crypto and certainly many emerging coins with destinations in order to follow in the footsteps of the bitcoin. the developers and the team certainly hope the results of the product what they spend and hope this will be of bitcoin. so is natural when encountered many new coins are popping up.

Most projects (coins) are created to scam. They try to steal some money from us then left with a dead coin.
Others have serious idea and plan.
But the problem is that it is quite hard to recognize what a serious project or a phishing/scam project.

Here in crypto the business minded persons are find easy way to make money and also the scammers, the crypto opportunity is amazing they can earn too much money with less capital and effort.

the altcoin creator is person or team who could have the intention to lift the massive funds and do nothin presently and you recognize why this can be so? as a result of they need that cash and once they get that cash then their asses become terribly lazy in order that our investment grind to a halt with the project forever.
Anyway, a number of them square measure extremely real one and that they square measure making it as a result of they need to make a world packed with prospects which will facilitate them gain a lot of real customers for his or her product and services.

They come to the crypto market to compete, to be the best and gain the trust of investors, but that is not what they get, most investors still believe in the top rankings such as Bitcoin and Ethereum, so dear to those who have developed projects to bring new coins to the market, it is not profitable but often the items used to get temporary profits, everything becomes hampered after many coins are listed here.

Agreed, Blockchain technology is comparatively a new approach to Digitization. A good number are still adopting Blockchain technology into their ecosystem. Each Token/coin has it's own backings and problems which the solve. The cryptocurrency market is big enough to harbour all of it not only Bitcoin. What makes Bitcoin different is simply because it was the first digital currency to be created.

If currency of the crypto market will be huge then it's makes crypto user confused. And many of them are scam and these cheated people. And that's felt bad effect on crypto.

Just people are such creatures that they will always have little money. Therefore even in the name of more and more coins. I think that all the same they will disappear because in them no one will invest. Will invest only in those coins that will be popular.

Ideally, each coin represents a new idea, a new solution for solving an existing problem. Competition among the ideas leads to the progress.
Evolution is natural and a fantastic way to grow. The market has to self-regulate and  to sort out the duplicates and the copycats.

The simple explanation maybe the erc20 platform allows it to happen and its not controllable anyway and because nowadays the so called blockchain is now common knowledge to some others thats why they think that creating coins can help them, in fact this scenario has been adapted by scammers and hackers to create coins to scam others, so lets be more cautious and careful in investing coins and ICO.

My opinion should be a lot of coins, not only for competition, but also for the development of many compartments of the industry. be it just an enterprise, be it a new program.

I also believe that every niche in the service sector should be monetized. again this all improves the quality of life of people all over the world.

Many of them are really just a scam project. They created a coin based on the coins already available. Marketing and selling to those who are hamsters of cheap. After earning money, they will not market the project anymore.

Yes, I agree a new coin - a new project = all this leads to the advancement of progress. and improving the credibility of the structure as a whole.

many coins are fraudsters, or simply can not realize their intentions - so time is needed for implementation. every day is another step forward. therefore it is impossible to stop - only in the future. over time, many will disappear forever - but how to achieve experience without many mistakes? so I think you need a mono of projects - coins !!

Yes, I agree — this is how life improvement is the main direction of the crypto industry as a whole.

“The first step is to find a community and build a currency around them rather than building a currency and expecting everyone to show up,”
“It has to be sensitive to their needs and be relevant to their cultural heritage and background.”

There are 3 reasons for it
1) Some 'creators' of the coins believe their product is unique and solve some problems that major currencies have.
2) They issue tokens as shares
3) They did a very bad market research

I doubt that several projects will be combined.  Most likely this will happen if they pursue the same goals and are not greedy!  Although it would not be bad!

Its normal becouse everyday new users coming to crypto world and with them new ideas coming here and very soon tokens will be everywhere i belive ,some new tokens coming others go.

Ideas are simply endless. When someone thinks of something awesome and it has blockchain applications, there's a good chance that they will creat a coin for it. Though there's a much more common reason that is greed. Some guy will conduct an ICO to get rich overnight and some greedy investor will be trapped and this is an endless cycle.

I think this is a bad plan for growth should be rather more different projects with large coverage areas. Then we start to grow and develop. A large number of projects is a healthy competition among the products and they need to create and improve their projects for survival.

There is many people who has different vision on the cryptocurrency. And if one have an instrument for creating his own coin, he will obviously create it. Why he should deny himself the pleasure of creating a new cryptocurrency?

Unfortunately, the bulk of ICO was created for earnings and not for project development. On the wave of HYIP 2017 and the success of many ICOs, more and more empty tokens were created , which thousands are now useless to no one.

New promising projects are being created that want to create competition already known and popular.

the number of new altcoins making is the goal of some people to expand and expand the crypto currency community, then they know that crypto currencies will have a good future, with the hope that the company they make will be better if they create altcoins for their companies to increase the share price of their company.

Creating a new coin, means give a green light to another great project. Usually a lot of them are turning scam. But the idea of ICO as an investment method, opens the doors to the new investors. There are so many people in this market, that could help to create a new great project, by providing their funds. As an investor, you should check the projects better, or without good investigation, you can lose your savings.

I think it depends on the goals and intentions of the owners. If they are not interested in global adoption of their tokens and just for the money then it's most likely that they will not collaborate with similar projects.

Everything is simple, because first of all, people are trying to make money on this as well as transfer their business, if there is one, to the digital sector, and in general, they can get great, because now is the time when it can be done.

There are so many sectors of the economy and human lives that cryptocurrency and blockchain technology have not innovated yet. creating new coins for different purposes is the target.

in my people just want to develop themselves and to see whether they get the result they want besides it is nice to have a choice

creating a coin means that cryptocurrency still develop by many people. it means that crypto grows time by time
yeah maybe there are shitcoins too, but it is still better than no developing on coin anymore

Obviously, people create more and more coins just to get some money from investors. Those kind of coins that doesn't even have any use in the community.

i really like the topic! to me, such a variety of coins means they just want to try every posible way and see what works better for the public. then they will understand what coin will replace fiat

No matter how many coins are created, it is important how many coins survive. And this is a very small number. For example, on the WAVES platform, anyone can create their own coin, but it will be absolutely not liquid. IMHO, you just do not have to pay attention to it.

There is nothing wrong in creating more coins. It has to be very obvious that these coins would bring in new ideas. Coins like Prg, Xrp and Ada and all already brought in great projects and ideas.

I think so many people want to create their own ICO company. Well, I think it's pretty good, because it can develop the potential of many people to build new coins. but of course it's not easy, and a lot of scams because of that. yeah, but i think this is pretty good, because they make new products from the internet.

The current coins cannot be maintained because of greed and love for money. Everyone wants to create coins to just trade and disappear.

They created more coins to promote in a future and to be able to develop there learnings in crypto as well. Every coin has a potential so eventhough not popular yet it's more potential if it's more demand with individuals.I think it's more likely in investment.

i am also wondering about that first.But i can understand its all about the competition .Strongest project`s coins will remain long,weaker projects`s coins will vanish(dead).

Creating a new crypto is the sign that many people are develop their skills to create own coins. Coins that can be useful in our world or in our economy. But of course there's a lot of shitcoins and scammer through promoting ICO project to steal the money of investors.

Creating a large number of coins, says that more market participants want to earn on cryptocurrency.  I believe that most ICOs do not work as they say.  But there are projects that are really promising.

People will always have vision and an idea and one thing with idea in the past is that when you do not have funding or when you do not have a product and you find it hard to even project it out there or have the funds to push it, the project eventually becomes dead. This is one thing I have known the blockchain technology to have changed and people with ideas are really taking advantage of it which is why we keep seeing more coins being created, on and on.

The only thing here though is that, there are also some greedy ones who are just out there to scam and really do not have any product to want to give than to cart away with investors fund, which is why it is important to always invest in a project with a product and not an empty promise.

caused no department can control token now :(

I think that over time, unnecessary coins, repetitive technically lose their popularity and disappear from the market. Only the strongest will remain.

I totally agree. Most coins have the same goals and functions in mind so why even create new ones doing the same thing. Why create new exchanges when the ones already existing are not even used up to full capacity. I think it stems from greed. They've seen how much money is there to be made by owning some of these projects without minding the impact on the market. If our efforts are more streamlined towards a few coins as you said, we would have much better rewards. United we stand, divided we fall.

The sole reason why there are several people creating more tokens is because they simply want to take advantage of etherum blockchain and popularity to the world, to scam and de fraud people (the naive one).

The self drops and recent projects are 99% scam, they steal whitepaper from 5 projects and make it one for their use
they manipulate websites and build a fraudulent traffic on social media.

there is need for us all to be smart and root out those scams.

Merchants create new coins to attract investors' money, and investors need new coins to earn the difference, which is the current market situation!

Because there are many people who want to make money by creating coins.So there are a lot of scams on the market.I believe that these coins will disappear over time.

At first I also asked myself, if the market has too much coin, does it dilute the focus of the investor? Because they will feel confused when entering the crypto, but when I watch the stock market, it makes me even more confused.

I think on the contrary, the engine of development of the market is competition, so for the development of the market we need more projects with a more perfect product, then people will start to actively use these products and this will give an even greater increase of the entire market.

Because it's easy money for scammers. You've read an article that more than 90% of blockchain projects with their own cryptocurrency are scammers who work in this industry only for the sake of money and deception. Now it is very easy to create your own cryptocurrency (90% of the bitcoin code) and promise insane interest in the near future. Very easily.

Many of the new altcoins and tokens are not worth investing. Because no innovative technology has been seen. They have always been the continuation of BTC technology. I hope there is a technology that can break this balance.

New coins are coming because Blockchain is at their starting phase and as technology grows with time and people comes with more ideas and technology so it will give birth to new coin/token.

Question is who will stay with time in market and who will run.

If you want to develop cryptocurrencies, relying on Bitcoin alone is not enough. Different coin generations have different functions, and the features they have may be more acceptable to those who need or are interested. In fact, Altcoin is crucial. Their complexity represents the integrity of the entire community, and the function of these premium coins is recognized by community owners. ETH is the best example.

The creation of coins is necessary if there is a need for a project to be tokenized to make it more competitive in the market. The niche of creating token is possible in accordance of the need of people. But sad to say that there are so many tokens now that are almost useless and just polluting the cryptoworld.

Yeah, one thing with idea is that they will definitely keep coming and there is nothing we can do about it. Also, ideas are usually recycled anyway, as you tend to see someone coming up with the same idea but a different way to execute the idea or in a better way and as long as they can always convince investors to put in their funds into it, the chances of us seeing more of them will keep increasing and nothing changes much than having a loaded market with coins.

there are many factors that cause the emergence of new coin coins. yes, innovation from crypto developers continues to evolve with time, but not everything will go according to plan and certainly not all have technology. there are many different debates but there are always benefits and negative sides. I think like that

It's like asking "why do you create ethereum when you have bitcoin"! Every coin represent different project. And yes there are a lot of scam projects but you have to choose carefully. You don't expect that crypto stop evolving now?

I think this question is difficult for us to answer as bounty hunters. the fact is that every new coin is made involving innovation and technology products. each company bearer has a plan such as vision and mission to make the coin useful and has a high price after entering the market. I guess so

The term coin is synonymously used for the word token. Actually, communities are creating the token as like the company creating new shares. Here, by the way of ICOs startups are pooling the investment funds by creating new tokens on the Ethereum blockchain which will get the same features as like the ETH coins that are easily transferable and liquidating.

In my opinion, every company that creates the new coins have their own concept. there are many more coins that grow everyday with the different platform and concepts. Many new coins that are created because of the huge possibilities for the to grow very well in this crypto world. As if the coins are promising, why not?

Every company that is going to hold an ICO, deserves a chance to be respected and heard. They need to do their job, develop a good product and they will find a lot of investors. Such altcoin cannot be a scam.

New coins help make better changes in the world. The new coin will resonate with investors. This is a racing game where old coins will be overtaken.

Everyone need to to research broadly before holding any new crypto because there are many duplicate coin and many are fake mean scam. So if anyone not careful about new coin they want to hold they should be cheated sometimes.

Actually, the new coins are only made to earn money, or? Most of them are just clone coins anyway and do not bring any news. At least that is what i think when i look at most new coins.

Lately, the impression is that a large number of tokens are being created precisely for the purpose of deception and profit in the same way. Previously, there was no such thing, but now the project scam is full and I don’t know how to protect myself from this. So many tokens are not needed, that's for sure.

This is nothing but competition in market. when developer invigilating the possibility and potentials of Bitcoin, they also think for a new crypto with updated features to compete with existing coin. Still in market there thousand of cryptocurrency, stilly developer developing new currencies.

There are hundreds of crypto coins around the world. Some coins are only for a nation but most of are world wide. Developer still launching new coin in market invigilating the potentials of Bitcoin in market. All these coins wont last longer, some will turn into scams.

New platforms, new products are being created and, accordingly, each project creates its own coins. Another question - will this coin survive in the future? It all depends on the developers and how they will work in the future.

This is the world of competitions.Everyone want to win in this race. There are hundreds of crypto coin in market available but still developer developing new blockchain and coins. They are doing experiencing the potentials of bitcoin. Every coin wont last long but some.

No one can ask people to stop putting efforts into innovation. If someone comes up with an interesting idea, that person is going to take this route in order to raise funds. This is by far the easiest way for anyone to raise funds.
I agree that most of these projects end up being shit projects and become absolutely worthless, but that is the fate those coins will get if the project is not good enough.

That's not a big deal to increase the number of crypto coin but released crypto need to be relevant and promising otherwise it's make gurbage on crypto world and deginitely that's shouldn't a good for crypto.

Greed.

Have you seen some of these coins lately bro? I mean, what the hell, they're literally making coins for anything you can think of.

I mean there's even a blockchain for registering your animals, how ridiculous. Just because blockchain is good for data storage, doesn't mean every niche under sun needs to be blockchainified!

Different companies create new coins and make it public for the people to invest on. And if it makes a good fortune on the market, it will be established as a good coin. That's a simple policy.

This is the same question i have been asking myself again and again. Maybe it is just a marketing policy for the newer companies to make their coin popular in market.

As much as we need competition to get the best out of crypto space because when you have s new project, it will help to develop on the existing one,but the rate at which we are having new coin in the market is not helping the set purpose of cryptocurrency.

I just think the companies that make their own crypto by merely attracting capital from ICO projects are a new trend for businesses in 2018. So some companies of Technology releases its own coin to attract investors instead of raising for capital as usual.

Capital is the main thing whey they are creating their coins this time. Remember almost all of major coins have started from the ico. that's why so many people are still interesting to buy more and more ico dude. It's just a like very big opportunity when you are investing in the ico but that will be involved a very high risk.

There are currently too many new coins created but most of them are not effective and provide real benefits for investors and users. Choose the potential coin to invest in to avoid losses.

Look at EU. They merged all their currencies into one (EUR) and what they had got?! The economy is in stagnation.
The diversity of currencies, tokens, coins, altcoins, etc is the factor that is moving the evolution of the crypto industry.

It is even becoming more interesting with blockchain technology as a lot of people these days are now looking for a way they can quickly raise funds to make the project a larger one.

Although, like you said, this is dependent on each team as there would always be some who are greedy and what they are just looking for is to enrich themselves from the funding and this is one of the reasons we have seen so many shit coins today, a lot of cloned project, and a lot of scam ongoing in the space.

The number of coins (projects) on the market is really very large and it is increasing, but no one controls the cryptocurrency market and no one can restrict the creation of new projects. Therefore, we need to be able to choose among them those that can bring some benefit in our real world.

Like I posted recently, the coins and tokens that are created day by day has a distinct feature. And it is not made just to made it to the ranks and gained many good investor, but by the output that the token or coin can possibly be possessed.

yeah, you're right.
before we invest in new coins, we should first investigate the background of the project. and we also have to see the development team, if they have a good name in crypto. then the token will be made an investment.

Because nobody controls the supply. When it would be harder to create coin, flow of shitcoins will be finally stopped. I cannot be sure that it would happen soon.

I am sure that one reason among others is trying to create the strongest coin that will be able to compete with the BTC and which will decreasie its dominance and influencing effect.

Earlier I was sure that new projects create to develop to realize the good ideas which will make our life better. But I see that many projects do not bear any advantage for mankind in general, only for some people at all.

The process of creating a crypt is already running. And it only stops full collapse. This is a business. You create your business that uses your currency. You earn it. By this so much new cryptocurrency now. It will become even more.

Many people want to make easy money by creating their own coins. First, they distribute them for free, and then place them on exchanges for the purpose of earning money.

Sky they say is wide enough for all bird to fly , so many coin more problem solved or more problem created, it can be either of the two , and also the more coin should give a faster and reliable usage which suppose be looking in to the existing ones problem and solve it then produce yours but many only come out for money sake and not real problem solvers.

For sure this people who finished first can gain some profit. It is not a competition in this type of project but it is gaining a rating and the investors because they have seen an updates and a normal chance to change constantly. So far to those who did not understand so well what ICO is just keep in touch.

Because people want to get money and to become popular especially with the such great and popular sphere like crypto. But it doesn't have a lot of minuses at all.

yes you are right, i agree with you. why not maintain existing coins and instead create more coins? Will that make things better?

There are 2 problems. The first is the greed of people and the effect of the gold rush, because people stamp new altcoins. The second problem is the lack of regulators.

Obviously, more coins - more money. Each project seeks to raise as much money as possible, and accordingly they try to sell their coins even if these coins are useless in the future.

They want challenge and show we can beat another altcoin. And actualy it's for money or funding. They want iwn token become popular

A large number of coins contributes to competition in the cryptocurrency market. Over time, only the strongest will remain, so I believe that this will only benefit.

it is quite normal. all altcoins have a background (of course except the scam ones) and a project behind. some of them fails, some of them success but in any case it is good to see that more projects are coming to this ecosystem.

Creating coins is not an easy thing to do.
For the people to adopt it and make the demand easy for the coin to have value and worth in the community.
You should have the project for it.
Coins are being created to support an specific project using an ICO.

I think this can be a long debate, the negative side and the positic side are always there. From the positive side we are presented with many new innovations involving more sophisticated technology than bitcoin, besides that it has other uses. but the downside is, almost 90% becomes shitcoin.

i have one time wonder a question, why do the token creating so more?, now in my opinion this coin will creat so more because oen project to call the investment they must creat a token to let investor buy the token and they have a money to construct their project. if the project success the token will list in the market and we can trade or sell them.

Because nobody cares about community growth. Every damn project is about making profit so the flow of tokens will not be stopped, it is obvious.

Some project dead and new projects appear I think this is normal competition and who know what coins will raise - so I am not in a hurry to buy them

I don't like that market is full of coins that look the same and don't ofer to us nothing interesting. Developing team just copying projects

Some people's have a own way to build another coins to another. To improve the industry of cryptocurrency and to expand for knowledge of investors to pick other coins and not only focusing in 1 crypto coin.

Let me ask you one question.

When you need something new and wants something which can work more perfectly what you do?

---

When there is need of something new things or some new features to reach the requirements then we see new coin.

We need to create an organization that would be ready to delete tons of dead tokens and to create permissions for new tokens to appear. In other case, we are doomed.

Of course for crypto developers and business profits, just as everyone who has a business and business many of them are doing the same business with the same consumers, but all have their own parts, every new coin created is expected to be a new revolution in the world crypto and can create business opportunities, even though market exchange is experiencing bearishness, it does not mean it affects someone who sees a business opportunity there

Progress does not stand still. There is always a place in which there has not been a particular chip, which eventually will be used in many altcoins. Programmers are resourceful people. This can be said race in the name of development

It is the time of competition and being better among them, so many are trying to prove themselves in there respective field. And I think creating new coin and collecting funds for there businesses is quite easy in crypto field so more and more coins are coming day by day.

The question is very reasonable, because now there are constantly new projects that speak of some kind of urbanism, but this will never happen, because people are not perfect and every person has his own devils and greed in his head.

The fact that even the first 50 coins will not be able to cover the demand of cryptocurrency in the real world. Too broad use of the cryptocurrency even now, and every year crypto-currencies will be introduced in more areas of our life and therefore we need more cryptocurrencies. I believe that the more competition, the better will be produced by the project product, and it will help promote the entire market.

I hope that regulation will be real soon, because there are too many fake coins and too many silly people, who are ready to buy this coins. It is needed to be ended.

The right division in my opinion. I do not understand how you can be against this, it's the most profitable option that can only be. It seems to me that this situation is not only profitable, but also insanely convenient for all coin makers

This is necessary in order to distribute the coins in different spheres of activity. Because of this, you can live in peace. I think that in the future it will be so that each cryptocurrency will be intended for some sphere of activity and now we are moving towards this

I think that people continue to create new coins just to make money on it. Individual cases when projects are really good and unique and their coins or tokens will be in demand.

why not? investors are still there, funds are still investing in ICOs and getting profits. all are making money.

Because it is an opportunity to earn a hell of a money. People that are doing ICOs, are becoming pretty rich, if an ICO is successful. I have seen projects that collected more than 100 million USD and the team had more than 20 percents for them.

Cryptocurrency is a kind of a new stage in the development of Finance. Currently, a large number of projects based on the blockchain are being created. All of them are completely different and affect various industries, services, trade and others. Thus, cryptocurrencies are increasingly being introduced into people's daily lives and are widely distributed.

The more competitions there are, the better services we will received. It is an undeniable fact that some projects create new coins for only one purpose, making money. Projects like those have no real working products and become dead after they get their money.

Most of the coin devs are just copycats and are just in it for the quick money.
Almost everyone can create a simple token in eth now and dump on the community.
There may be new blockchain coins with a good use case that will surely be adopted in the future.

actually I also hope that not too many new coins are made because their presence in the market will not be too valuable even to penetrate the top 100 in the market. it should be more focused on succeeding one coin to survive in the market and be able to rise even more, than many more new coins that they can actually call not too valuable.

Well honestly we do not know that more coins are being created for what reasons but with coins like Paragon, Stellar and Ripple, it is better to invest in them.only.

I think the reason is to earn money because companies continue to create a coin to compete and offer much better services and this is form of business but some of them are created to scam greedy people. And that is why people or investors should be more picky for a coin to invest.

Some teams have ideas that are very good. These teams are trying to create something new. But many teams create new coins just to make money.

Lots of people nowadays try to make their own coin because they saw the success of other projects and think they will be lucky as well. And of course they want to have a lot of money. But very often after their made their own coin and face the problem that they need to develop it and have to do something. Those who really develop their projects they come to success, but not all.

Yes constantly new coins come to the market, it because all want to snatch a piece of pie. And, therefore, many coins are not very popular.

If you have an idea and you are ready to implement it, then you can also create your own cryptocurrency. This is cool. Nobody can guarantee you that success. Therefore, I don’t see anything wrong with the fact that there are a lot of altcoins at the moment.If he will be claimed, he will survive, if not then no.

crypto opens the opportunity to realize our ideas because crypto can make projects with capital far cheaper than usual. therefore many creative people finally make their own coins, hoping their projects can be realized and can develop as they wish. but unfortunately there are some people who only use ICO to get a momentary profit without seriously handling their project.

Because they want to make money and benefit themselves. There are over 3000 different cryptocurrency active, but there are very few successful projects and have their own ideas. Most of them are copied, and of course all those projects are scam in the future. Investors will lose money if they are not lucky enough to invest in it

I would really like to look at those investors who are not afraid to invest money in those projects that are now entering the market, a few of them will succeed, and investors usually have to take care of their investments. In the current market, I would not risk any free assets if we are talking about investing in the crypto market.

Many people are for money, they don't have real futuristic technology. Many developers issue ICO just to harvest the money of investors. This has led to a decline in the cryptocurrency market.

new coins or tokens sold on the market are part of cryptocurrency's own market activity. they are the same and not different from stocks, that they succeeded in entering the market by bringing new innovations in blockchain technology, this is a good sign. I think these new coins and tokens don't really have a significant effect on bitcoin transactions and other big coins. bitcoin, ethereum etc. already have their own audience, even though there are many rival coins, their strength is still the best.

Because everyone wants to make money from more coins
Hunter - need new activities to earn rewards
Investors - need new coins to get faster and higher profits
Merchants - need new coins to get investors' money

This is one of the easiest ways to find money to achieve your goal. Unfortunately, many people saw in this the road to their own good fortune. This compromises those guys who are really trying to bring something new in life but cannot because of lack of funds.

Look, as it were, there are many promising projects on the market that can ensure the competitiveness of the market and I consider this a positive phenomenon, of course there are many tokens that dump the market, but all this is temporary

The proliferation is still good for the market, since it is a market that is deregulated, it makes for competition and gives wider choice to users and the stronger and better ones will eventually stand. There are speculations that bitcoin may not be the eventually top crypto to be used as a lot identified its flaws, many are coming on the premise to correct some of the flaws but so far btc remains the king, time will tell.

crypto popularity is getting bigger so many people also want to make their own coins. projects that have good concepts and a good future that will continue to grow later.

by creating new coins, it is easier for new companies to be able to get big capital quickly.
but unfortunately it is not as easy as imagined to be able to get investors because investors need something that can convince them to want to invest in new projects, especially now there are many new projects that are not successful so investors are very careful in choosing new projects.

Everybody trying to earn some money. Thats why they try to make another ETH killer. Year ago ICOs was very hyped and some of developers are very slow thats why they publish ICOs now.
Regards.

altcoin creator have some idea thats why they create  coin
but some is just greedy taking advantage of other people to get some money

yes, but many people use it and make fake ico and coin coins, which endanger people who really want to invest, which is why the market price is down, because all of them are competing to make new coins, and many investors are hit or failed projects

The thing is, everyone wants to earn more. And if there is an opportunity to create your own coins, the developers use this. I think that new coins will continue to appear, another question is how much they can compete with existing coins.

If you have a business, you just need a cryptocurrency to organize the process. The internal token — the coin of the project-will help to increase profits, and this, as the law of microeconomics says, is the main thing that any production aspires to.
Digital currency, like loyalty program, systematizes and simplifies the entire production process. Customers will pay for services with tokens, which, unlike regular bonuses, will not lose their value and will retain the original programmed rules for their use. Calculations will be made and recorded with the help of one unique, you invented and from this best coin, but not a simple iron, and digital.

ICOs is a great financing method and if someone has a great idea, it is one more instrument to make someones dream come true. Just relax guys, if an ICO won't deliver a great product, it will die within several months after listing on exchanges.

now it's a business. And there are many, many want to try themselves. There are also some scams. Buying currency, we buy" shares " of producers, and allow them to develop.

I think that Renault his company can be viewed not only as a way to make money, but also as an opportunity to improve new services for society, different spheres of human activity, and also an opportunity to improve the security of users' personal data.

The greed is the reason for creating many scam coins. Creating your own coin is a chance to follow the success of bitcoin or other altcoins as they are growing in adoption. But in fact, a lot of projects don't care about improvements, they just want to confuse investors and attract newcomers. Nevertheless, there are coins that introduce something completely innovative – and we can't stop this process, there are always chances of something useful to come up.

My opinion is that you don’t need to resist a lot of crypto coins. In any outcome of what is happening - there will be a benefit from competition for the crypto space. And even if a certain amount of coins become worthless, nothing catastrophic will happen in this - after all, progress always sacrifices something.

That's the greedy nature of some of us. Probably, some think creating more coins generate money which is true. We also don't reject other coins . we do accept all coins which might be risky because there may be scam and fake coins all around.

I think I have had to want to create altcoin myself. Those that create new altcoin did it out of need to solve a problem or create a better coin that will create a better service in cryptocurrency or in another industry! There is no limit to how many coin we can create as long we  creating value and solving problems!

and why not i think taht peolek like to leave something on this earth after them so why jot a new coin this is not the worst varient

in  y opinion you can try your own efforts and check your level of being ready to the cry
ocurrency world likke this

There are too much coins on market now i think. But we need more coins, but most important thing is we need legit projects, so we can invest in something that will worth over time. Anyway too much coins on market are not ok and some of them value nothing, most are ERC20 tokens and some coins without any development.

They only try to test system and strategy, besides that people who like challenge will more survive to face their future. Many coins meaning many opportunity to make income, technology will grow up fast than before. Bad market will not support new coins but in this situation release new one is bad decisions, wait until next year will be better.

It is still the early phase of this industry. I think the number of coins-tokens will increase more and more. I do not mean that all survive. As you also guess most of them will disappear. It is waste of time and money. But it is what it is.

There are more coins on the crypto market now. Some are worth investing while some are not. We just need the coins that are trustworthy and backed by great professionals.

I doubt that we can do something at the moment and stop creating new coins (projects). Weak projects die, new ones appear, we just need to be able to choose the best and most promising ones.

Sometimes I also feel some adversity towards coins that are quite unnecessary, for example now we have in the market, 20 options of transaction coins, I think that with 5 options with different transaction times, different fees and security would have been enough, it is true that we need innovation, but if they keep coming out similar coins that means they keep winning new investors.

Well, sometimes its about making money and sometimes it's experiment to develop the blockchain technology for different purposes, that why people often create new coins. On the other hand, being a developer why should they miss the chance to get some free cash out of everyone's pocket by offering a valueless shitcoin?

In fact, preparing and releasing a coin on the market is not so easy. To count on success and attracting the necessary investments, you need to have a fairly promising project. I believe that the regular appearance of new coins helps the crypto market to develop, although it creates certain difficulties for the investors themselves.

They creating more coins because of 2 things. 1 is for the new opportunity for the investors and other holders even bounty hunters and 2 is for scam purpose.

Thinking that it is probably time to close the question, because it’s understandable that most people create projects only on the wave of this HYIP, which is on the market today, but there are already very few of them and really cool guys.

In support of the opinion that the creation of projects today is just the greed of people and nothing more serious, I still hope that people will come to their senses very soon and begin to understand the more disgusting on the market of garbage it is.

Many projects are really very useful and solve many problems...but now they are massively simply not needed in the market.Crypto currency is only gaining momentum and it will take a lot of time for this.

I think why people are still creating and merging more coins is just because they amazed on what the bitcoin reach so that they want to follow the path of bitcoin so that they are creating so much coins right now.

I think the one of the main reason why many are creating some coins is just because they want to destroy the other coins and they want to be the top of it. Because when the coins that they are creating became mainstream they will earn more money. It is just all about money why they are creating more coins.

Why creating more coins in cryptocurrency?
to gain more project for the future and for the world.
cryptocurrency is a good thing to get more project that is really worth!
ICO is the best thing to fund it! there are more people in this world who can't have the money to have a good project working.
this where ICO works and it is really nice.

decentralization is also intended to be free to participate in businesses that enter the free market, you can even make your own coins. Many altcoins look similar, but one of them is able to bring different goals and in the end the market will respond and the best coins will go to the top and survive, crypto currencies are dominated by quantity and not just quality.

It is just too easy to make new coins. Some do it as a hobby, some to learn the Bitcoin code and most just want to make quick money. In the longterm the irrelevant projects will just disappear...

a lot of cryptocurrency is created and there are so many of them who try to create cryptocurrency with many ICOs that are trying to become the best platform for cryptocurrency finance so as to make a lot of new coins.

with easy fees and methods, it's not surprising that many are interested in making their own coins. but what is unfortunate is that they only want to get personal benefits, if only they are more serious then the more new coins, the better for crypto and for investors because they are more free to choose coins to trade.

Most cryptocurrencies are tokens, and the scope of their application is still very diverse and as they continue to emerge, as people have new ideas for their practical application. ICO activity is a very good way to improve cryptocurrency, so we need new coins and tokens. Vseravno useless types of cryptocurrency market will reject, so do not be afraid that there will be a lot of coins. On the contrary, investors now have a choice.

You are joking? Each new project is somehow a repetition of the idea of another project. Those projects that have the know-how immediately become leaders in investment and there are very few such projects.

Many projects overlap. Some projects are created to deceive investors. I think only 50% of new projects are needed by the cryptocurrency market. The remaining projects will die very quickly.

We know that many coins are created just to make money, however there are valid reasons to have many coins in the market, one of them is that we need redundancy, if for some reason a coin disappears we need a coin that is similar to it so it can take its place without affecting the market too much, another reason is that we need competition that forces the developers to try to create the best possible coin.

Good question..... I have asked this same question repeatedly without any convincing answer yet. I believe the crypto industry is saturated with several coins that normally shouldn't be. The proliferation of these coins is alarming and needs to be checked. Over 60% of these projects and their tokens have no applicability whatsoever and their developers are only after grabbing as much monies from token sales as possible and leaving worthless tokens at the hands of investors. It is a worrying situation which has been made possible as a result of No regulations guiding this industry. There is practically no reason for creation of more coins or tokens when really they are offering absolutely nothing!

That is one of the obvious things that is holding the market back right now, there is are way too many coins in the market, money which should be focused on the top coins to enable us go into a bull market are now being spread around over the thousands of coins in the market thereby removing the required concentration of money on the coins that we need the most

Well you have a Project but don't want to put your own Money in it and you don't want to share your profit either.

Best way is make an ico, create a utility token and hope people buy.

Because the market is still young and ready to accept a lot of new projects. Look at the stock market and see how many companies are on this market. I think the sky is the limit for the new projects and there will be only more and more ICOs that will take place in 2019.

I also asked this question, why so many coins if they are unpopular and few people use them, why it is impossible to develop large coins like Bitcoin and ETH

In my opinion will come a time when coins will be screened, and now I think it is too early to hold such events!

The choice of various coins today is really huge, so you should be very careful when searching for suitable options. But I am very glad that various new coins appear regularly for new fields of activity. I just really hope that the number of fraudsters will decrease in the future.

In fact, this is a completely normal situation in the conditions of a young and actively developing crypto market. The main thing is that the emerging coins are prepared with a finished project and a plan for further development. Of course, in any case there will be scammers and unsuccessful projects, so you should always remember about the risks involved.

Progress does not stand still, the modern crypto market continues its rapid development. Therefore, it is logical that there are various new coins from different fields of activity. Personally, I am convinced that such changes have a positive effect on the development of the crypto market, although investors themselves need to make a more careful and responsible choice.

I believe that a large number of coins benefits the overall capitalization of cryptocurrencies if the project attracted fiat funds to the ICO, and today, as a rule, good projects are funded by large investors with fiat money.

I will agree that the market is saturated with new coins that should not exist, but we cannot stop new coins from appearing because that would kill the innovation in the market, what we need to do is to become better investors and to get more knowledge about the technology behind cryptocurrencies so we can avoid investing in those redundant projects that bring nothing to the community.

I regard all new tokens that appear as company stocks. That is, each campaign has its actions, so new projects project it into tokens. It’s clear that we don’t need such a large number of tokens, and only the most popular ones, such as Bitcoin and Ethereum, will be in circulation.

People create new projects in order to implement some interesting ideas. Fraudsters create new projects in order to collect money from investors and escape.

The development is not stopping and there are a lot of ideas which can become successful with blockchain, that is why there are new coins which can be very perspective in the future.

Since there is nobody to stop them, they will continue to create a token every time they want it. I hope for regulations to appear soon.

It's pretty obvious, they create coins because they can usually gain good amount of money for some random investors. As a usual, many are already been scammed due to this kind of program which its advantage is, it is open to all that has a knowledge about creating coin/s. This will definitely continue until there is no institution that could somehow manage to control such activity.

this is difficult when we always see ico with a new innovation project for technology and its functions that can be felt in real life despite the fact that no one really runs after the white paper. maybe with the current conditions after the accident back and correction, this can throw useless altcoins.

I hope that community is strong enough to create certain regulation body, which is capable of making market clear of all these shitcoins. I really do hope.

Just like the establishment and services that we've been using, they have their point system and that is what these coins are aiming.

But there's no need to extend that type of coining system because we already have bitcoin and thousands of useless coins.

There are many reasons why people keep on making coins and tokens even if there are already thousands of coins and tokens around - mostly to compete with each other. Many also has the dream of making big and has the goal of dethroning bitcoin as the main coin in the ecosystem.

Why won't they creating more all those scammer are scared of being left out of the game, what I see now is that more scam projects are coming in and they're ready to drain people off their pockets in hoping the new coin will recover them from their lost.
you are right about why we can't all agree to take bitcoin and ethereum to the next level so that the existing projects can be more valuable as well.

I agree with you but I think it is very big reason for the all market decreasing. Because people do not trust the cyrptocurrencies and new projects because of new coins.

everyone wants to jump in and make a profit by creating lots of coins, that's a natural thing, crypto is now the same as the industry, who's the project is good, he's the winner

I've been wondering to that idea too why people are creating their own currency and then I realized that why they are making their own currency is because the people are not satisfied in other currencies that are created that don't reached their success in the market and in some investors that they wanted to invest to their projects.

like we have seen a newly forked Bitcoin SV (Sh*t Vision). Craig just a kid and wanna make some spare money on crypto.

which will not be possible No matter hard they tried because they are all imitation. they kept on copying each other in terms of strategy, business plans and ideology. the first 20 coins in the crypto ecosystem has shown there uniqueness and there different ideology and that's why there are ahead. the little problem facing those project at the top is the idea behind the forking. this will give hope to uprising projects.

I can suggest an idea to create new coin with it main function to accumulate all altcoins and then convert them to Bitcoin or maybe to Bitcoin Cash or maybe to XRP, no better to Bitcoin Era.

Developers want to create a new coin because they want to earn money. Developing a new coin is one of the best way to earn money. I think creating a coin during this market situation is risky because most investors are keeping away from the market. However, since the market price of the main crypto is really cheap, once the market price recovers the money they will get from the ICO will also grow.

Because people are blindly investing in every coin and this motivates the devs to create more and more ICOs. Just spend some time on researching the project and you will see that even the half of top 50 coins on CMC are not worth investing.

 I spend time researching the project Precium Foundation what do you think about it?

Each type of coin produced has its own advantages and disadvantages. The digital environment is selective as well. It will select the most profitable coin and vice versa, so it should create more coin. than

The tokens created in the projects are the main economics of the project ecosystem; accordingly, each project creates tokens, and we see how the number of tokens increases every day!

Coin creators seem to be children. When they are tired of playing with one token, they create another one. It is stange and awful trend.

I do not see any problem with having more cryptocurrencies and tokens. Tokenizing the world, this is the future. Everything on blockchain and everything will communicate together. Why not?

Every celebrity tries to create own token, but none of these tokens is demanded. It is one of the reasons for curreny crisis with the cryptocurrency market.

https://aws.amazon.com/ru/managed-blockchain/
Amazon launched the test "blockchain-as-a-service". You just need to choose a platform (Hyperledger or Ethereum), invite other users to become a node and you can begin deploy your own applications. Perhaps coins will be more now.

Coins are just the reflections of the projects. Actually, not all the projects need their coins  to be traded, but they are needed for investors and bounty hunters

why are there many new coins? everyone is focused on ICO, ICO is a new coin contributor and many people are successful because of the ICO, so this is the beginning of the impact of the many coins that exist today, and will continue to grow.

In most cases, I cannot understand why some new coins are creating, if they have practically no new technology ..

Because there are many different purposes. Many projects and inventions do not yet have their own coins. also this is done with the purpose of earning money

I believe the more coins are released the more new ideas will be bring into crypto ,for example originalmy which introduced getting married through blockchain ,same sex too and Mask is the first coin with mix 20 ,better than monero so I'd say we are advancing

this is because in any decentralised mkt, new teams always have the right to jump in the game and compete with existing players...i guess what we need is some way to judge each token more conclusively for what they are -> useful tech/middling token/scam.

Each coin has its own purpose. Each ICO can represent its product and its services.  Therefore, each time the platform is released, the token can be used in the platform.  Therefore, we need our own tokens for our projects!

actually they made new ico just because they were tempted easily to obtain capital facilities through ico, and unfortunately it was widely misused

we need more coins!
definitely. but in this market, it's too easy to create a new coin. no need anything but few knowledge about IT. just copy source code of another coin and pump.
just tricks of scammers.

The current market situation has humbled most developers, it is no longer business as usual as a lot of most projects finds it hard to raise the required fund through ICO. This will however reduce the number of new projects and therefore bring more credibility to the market as only those that are willing to prove themselves and grow gradually will be trusted. It is time to do away with garbages

every company and project needs own coin , but they need to to support this coin after ICO, but the most of projects dont do it

it's true that most of it is to make money by setting up new coin coins, so now there are lots of new coins in any market but there are still lots of new coins that break up in the middle of the road too

This is done primarily for the purpose of receiving money. No matter what anyone says about good goals and helping people, all developers make projects primarily with the goal of making money.

There are still more coins that will be created, because there are lots of projects yet to be lunched and some of them are preparing to do that. Although, my main concern, is seeing shitcoins in the crypto space, which has to be reduced to the barest minimum or completely eradicated.

Launching coins on the market is not technically difficult. Going to a crypto exchange is also not difficult. The main thing is to have a strong perspective project for successful investment. I believe that the emergence of many new coins has a positive moment for the development of the crypto market. It's okay if there is also a very large number of coins in the basket. Competition will lead to the evolution of cryptography. This applies to any area of humanity. I'm sure investors will benefit in the end.

The best reason I can see for people creating more altcoins is for them to make money from it, now a lot of coins are getting a lot of support from people and with so many people who are willing to invest in them. So people are creating the coins as a way to get rich from it and honestly a good amount of the coins are driven due to greed

I think, first of all the consumer is guilty, that is we. Why buy these coins, why create demand and not work with the main ones.

Everyone wants to create his own coins according to their projects, where they wish that their projects needs fund so they create coins and get funds to run their projects. but in this 50% of them are just scammers who dont want to work on their projects and just run away with the investment they got for their projects due to it the real genuine projects are not getting the correct investment they need.

With the advent of ETH and its smart contracts, it became very easy to create new projects. Therefore, everyone who has the desire to make money began to do this. Of the hundreds of new projects, only about 10 percent of projects are worthy of attention.

Well, because people buy a lot of altcoins for future perspectives. Altcoins always offer those properties which the basic coins cannot

Well cryptos is a decentralized system and that's what you see and witness in a decentralized system, anyone can make new coin, it is the community and masses that would attach value to it.

A person who proposes to combine various coins that have similar functions most likely does not understand cryptography or smart contracts at all, otherwise he must well aware that sometimes this is impossible and unnecessary task, the solution of which will not give any positive for us.

I believe that the need for a new coin is only if the project is really unique

I think that many of the coins that have been created this year are just a way to make money, as nothing new has been proposed.

Each developer must have a different vision and mission, although similar, each wants maximum profit. They are competing to make and offer innovations that are different from certain fields, some are realistic and some are not, remember many are trying to cheat. Trying luck from the popularity of cryptocurrency, to make money.

Yes you are right, in other words tokens are only used as a substitute for contract agreements between shareholders and companies. But the difference is it has no physical form and does not have protection from any institution, so when the company is scam investors cannot do anything.