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Author Topic: Why so Many Different ALT Coins  (Read 1093 times)
legdunes
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October 21, 2016, 02:00:24 PM
 #21

Many people create coins to try and make money, pre-mine then sell.

This is an offence to the Bitcoin community and most alts should be heavily avoided.
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October 22, 2016, 07:58:33 PM
 #22

I was looking and studying to do some alt coin trading to try and make some extra cash with my BTC. I just want to know why are there so many different alt coins? What is the point of them?

Everyone want's to jump on the bandwagon and make some quick money it is about money as always. The coins just die eventually but you can make money with them if you clever and careful.

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October 23, 2016, 10:11:27 AM
 #23

Because people wants duplication and imitation,only few people back then enjoyed what bitcoin have accomplihed and so they are creating a new coin with more features so people will adopt and use it and make a lot of money for the developer.
yes that is a fact and now it has become a profitable business, every one want to create their own currency they want people to invest their money in there and they can make good profit. while some forums and companies create their coins for offering their services, they start different services for the people in such coins through this way the coin become more successful.
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October 23, 2016, 01:24:41 PM
 #24

Everyone is free to create an altcoin. This is the reason why there are so many. But 90% of them are just crap. 5-8% are good but only 1-2% are really worth to consider to invest.

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October 23, 2016, 02:20:20 PM
 #25

Because people wants duplication and imitation,only few people back then enjoyed what bitcoin have accomplihed and so they are creating a new coin with more features so people will adopt and use it and make a lot of money for the developer.
yes that is a fact and now it has become a profitable business, every one want to create their own currency they want people to invest their money in there and they can make good profit. while some forums and companies create their coins for offering their services, they start different services for the people in such coins through this way the coin become more successful.


Some people making it as a business since making an altcoin and crowfund it is a new thrend for them to earn huge that we cant imagine profits for that doings, and we can actually see some successfull ICO but all of the sudden turn to be dumped when it added to exchangers, and actually if we wander around we can see that ICO Scam Devs are existing and surely they are behind on those another scam coin on some trading sites.

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October 23, 2016, 03:38:07 PM
 #26

all started long time ago, where some people that lost the bitcoin train decide to make their own train to scam other people, and now you see all these coins being created exactly for this, and also for pump and dump from whales that want to scam other whales, i think that all alt are really worthless in the end, bitcoin is everything we need



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October 23, 2016, 03:48:28 PM
 #27

Making of alt coins has honestly become a part of quality developer's life. There have been a heck number of alt coins in the last few months and it's constantly growing. Creating alt coins is definitely becoming a profession and not good for crypto-currency industry, because almost none of them are bringing any change.
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October 23, 2016, 03:55:48 PM
 #28

Most of the altcoins are fake. But there are some that are genuine. The problem is which all altcoins will be able to stand the test of time and come out in flying colors. There are lot of scams and ICO which has huge premine and it gets dumped at the first day the coin hits the exchange making the developers rich and investors poor. Exercise caution when you invest into altcoins!

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