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Author Topic: Why people try to create their own coins?  (Read 10893 times)
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July 31, 2018, 08:35:58 PM
 #1101

Although most of these coins are meaningless and no one uses them, yet profit from the creation of such coins developers have, which is why there are still new projects that no one needs.

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August 01, 2018, 11:45:25 AM
 #1102

In the world of cryptography, people are making their own money to earn more money. If the project they are developing is a useful project for people, it is valuable in the future.
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August 01, 2018, 12:05:56 PM
 #1103

Today, many projects have achieved serious and successful results. Therefore it is quite natural for many to create their projects for financial success.

Indeed, with many project success in crypto market and the price increasing, makes more peoples creating their own coin/token and trying to compete with successfull coin/token. I think its good for market because competition will makes market more healthy and investor have another investment option

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August 01, 2018, 03:10:21 PM
 #1104

It happens because they are need a money to implement their ideas. They want their project to come true and by creating coins they could crowdfund their project and start building. Lips sealed Lips sealed
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August 01, 2018, 07:50:29 PM
 #1105

It seems to me that the main reason for this situation was the desire for financial enrichment. Although there are some projects that really seek to help society.
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August 01, 2018, 07:54:44 PM
 #1106

There are projects that simply copy and do not invest in the project effort. There are those who copy and try to add their new ideas, add interesting technological solutions, only a large part of people understand this, and when they begin to understand the coins in their hands there is no, and they are already very expensive to buy.

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August 01, 2018, 08:06:54 PM
 #1107

of course because they want to reap a bigger profit, moreover lately there are so many tokens that when entering the market the price is far below the ico price, of course that is a distinct advantage for the project owner.

 
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August 02, 2018, 09:03:08 AM
 #1108

Actually they are not wasting their money, because the return of their investment is quite big. That is why there are many new coins and ICO  arises. Some creating new coins to scam. So be careful investors. Lips sealed Lips sealed
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August 02, 2018, 04:09:59 PM
 #1109

I think having your own coin isn’t so different from a practice of selling “shares” of oneself. The difference is in the technology, which should be pretty invisible to the average user. What the user cares about is the value of the person, and in order to determine that, a person needs a clear plan or thesis for how they will live.
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August 02, 2018, 11:06:40 PM
 #1110

Many projects only try to raise a lot of money. They don't care about the product or something else. They just see how popular crypto is and try to earn.
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August 02, 2018, 11:11:11 PM
 #1111

I think this can make a lot of money and many use it successfully. All necessary source code is in the public domain. All you need is time and some money. After the first pump the coin will fly to float freely and never considerably will not grow.
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August 02, 2018, 11:18:44 PM
 #1112

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

Because of the money,  if they achieve their goals like having a lot investors that will invest in their project, by that there is a chance that the coin will become popular and there will be a successful project.

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August 02, 2018, 11:26:43 PM
 #1113

Of course they see the potential of earning big once they create and release their own coins. If a project is legit or valid and has a chance of gaining success, people will certainly invest in that project. It will be hard work for the project team, but the gains will surely be worth it if everything turns out well.
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August 02, 2018, 11:27:33 PM
 #1114

Most of them just want to earn money from it, a lot may be scam, but among all of that there may hide an interesting project that deserves notoriety
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August 02, 2018, 11:32:03 PM
 #1115

because it's become quite simple to do and now every fool can make his own coin. And why then thinks that their token will be in demand. But in fact, such tokens then simply lie on your wallet.

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August 02, 2018, 11:36:45 PM
 #1116

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

This is how people think about their future if they see that thing is have a big potential to earn more money then they try to make a replicate, because of what they think about. But it's so sad because some other people replicate that original creation  for their bad intention like they use as a tool of scamming.
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August 02, 2018, 11:40:18 PM
 #1117

Of course, everyone is trying to make their own coins. Because holding the coin is holding the property in his hand. When the pennies price you hold up high and you will sell them for money. Who holds more coins in his hand, he is the rich in the electronic money market.
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August 03, 2018, 12:49:19 PM
 #1118

Most people want to create their own crypto currencies because they are greedy. The popular way to be rich is to create an ICO project. I am against the idea that there are too many altcoins. I support projects with real creativity.

 
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August 03, 2018, 12:54:19 PM
 #1119

Because most people want to earn money by creating their own token and they think they will get it.

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August 03, 2018, 01:02:25 PM
 #1120

They are attracted by Crypto because it's easy to make money so they dare to create its own coins. And if they could create a coin with nice and interesting certainly people can invest. And if that happens the chances people will lose a lot. We must be careful in investing the wrong way because if we can lose money.
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