WHy the fuck so many alt coins?

[chairmanMao]

This is the serious consequence of the abuse of ICO. This directly led to a large devaluation of cryptocurrencies, but the growth of emerging markets in capital is usually crazy. The bull market will come when Bitcoin approaches death.

[Felic43]

99 percent of the new coins are here to raise money after they will run aways with someone money, information, energy.

[BADBITCH]

Because we make money off them.
Because they are fun to fuck around with.
Because it is a learning experience for the devs.
Because there is no stopping anybody from making one.
Because, why not?

I think your reasons are exactly what happened in year 2016 and 2017
Everyone made fun of altcoins and I’m the process learnt a lot of lessons and made a lot of money too
Even more money because there are thousands of uselsss tokens across exchange platforms

[corrado25]

In fact im think, at present, the number of altcoins is declined.I associate it with that ICO number developed at ETH has declined. Really in the market now much is not needed cryptos without technology and ideas designed to quickly make money and then disappear

[Pline]

People simply want to make own coin and there are a lot of ideas they want to realise.
Well, as far as I know, besides coinmarket cap there are a lot of coins with lower volume not presented there

[fuer44]

most fraudsters will continue to make coins with their best concepts to deceive investors and bounty hunters. this is very difficult to remove from the crypto industry.

[Moriwhite]

The emergence of many altcoins sometimes has no development, I also wonder why many altcoins appear but don't develop anymore. since then I have stopped investing in the new altcoin because of doubt.

[lobo13hf]

most fraudsters will continue to make coins with their best concepts to deceive investors and bounty hunters. this is very difficult to remove from the crypto industry.

It's possible to remove them as long as the investors must keep their trusted on the crypto expert and aware with any awareness regarding the scam project. But a lot of  dumb bounty hunters are so blindly promoting shit scam coin just like ETCV.

[sexylady13]

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!

What's the panic? Why are you so afraid of such amount of coins but not thousands of shares in the Wallstreet markets? You seem to be a hamster who ask without trying to think with his own brains!

[sherenikaw]

I personally really don't think that i will be rich at this moment because of the crypto. In fact, I am not a trader that can hint the profits everyday. i am only a bounty hunter and an investor that can enjoy the profits after several months. Well, when seeing the market, this is too bad, they are likely dying and cannot be expected.

[JeBro]

Damn, I can’t believe that this question worried the crypto community in 2013. I think fast money attracts entrepreneurs from all over the world to create new crypto projects. And at the current numbers, the quantity of crypto tokens will not stop.

[e@symode]

Because every person today is trying to create his own project, which can be realized sooner or later. Maybe today you and I will not be able to fully answer the question, but it seems to me that there has not been without greed.

[TheCrimsonFucker]

Incredible, they were already unhappy with some altcoins since 2013! Imagine now? Well, it is a natural and inevitable situation, because each one wants to create the next BTC, instead of all go in a single path, it is preferable to each go their own way, it is the free commerce that provides this situation.

[Vektrum]

Why so many cigarette brands ?

And why are there so many types of clothes and shoes?
The only answer is that people want to create something of their own, something special and new, and also want to capitalize on it. Therefore, based on the fact that everyone is allowed to the process of creating new coins and tokens, this will happen in the future and this is quite normal. Only in this way can a cryptocurrency be improved and developed. Useless coins and tokens vseravno eventually leave the market.

[ereborltc]

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!

The crazy rise of the blockchain project in 2017, let people see the road to making a fortune, will only create a lot of scam projects.