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Author Topic: Why people try to create their own coins?  (Read 10893 times)
ilovealtcoins
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August 22, 2018, 04:03:38 PM
 #1261

It's impossible to waste time. If they make new coins then it can attract many investors to buy their coins, then they will get a lot of money. Don't you know this hype?

But that will happen if they also work hard to advertise their coins. I think that's the result of hard work

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mr.nby
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August 22, 2018, 04:19:54 PM
 #1262

The answer seems quite obvious. People create coins for profit. Every project needs money for development. No matter how great the idea and design is, and so at the end it comes to money.
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August 22, 2018, 04:33:58 PM
 #1263

I think it's just because after creating a new project you can quickly and easily earn good money, it's important to have a good idea!

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August 22, 2018, 04:46:02 PM
 #1264

Any of the coins that are in the market of crypto currency is an opportunity to earn. Even the worst - at some point may increase in price, many will make money on it, and the price will fall again - it almost always happens.
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August 22, 2018, 04:55:11 PM
 #1265

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
It is because creating your own cryptocurrency and make your own ICO is so much more profitable than everything else that you can do here and people are wanting to earn money obviously.
I do not think that the goals are so simple and obvious. Given the huge competition on the market and cost of specialists, making a coin is a very expensive thing that is very difficult to recoup without huge investments.
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August 22, 2018, 05:00:08 PM
 #1266

With greed, people try to make their own coins. If these potential coins are the dedication to the cryptographic market. But there are also scams that exploit the free, non-governmental nature of encryption to deceive people. Therefore, the community should be careful about all its decisions.
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August 22, 2018, 05:08:41 PM
 #1267

some of them are just scams and some of them really believe in their idea, but somehow they're missing something i think
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August 23, 2018, 02:09:36 PM
 #1268

When we see all the ICO-s reaising 10-20 millions of dollars, I do not see they would waste their time Cheesy Even if the project fails, the founders mostly earned a good amount of money.

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August 23, 2018, 02:21:18 PM
 #1269

The coins of the project can be compared with the shares of the company. Its coins can be sold for real money or other more valuable crypto currency.

 
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XeBaass
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August 23, 2018, 02:38:17 PM
 #1270

Due to the attention that is now focused on the ICOs there will be a lot of people coming along and creating an ICO for no other reason than to rip people off, this will happen for sure and we as a community need to be aware of this.
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August 23, 2018, 04:08:34 PM
 #1271

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
Many people create their own coin because of greed. They want to become an instant Millionaire. Many developers that create token are driven because of money that they can get in creating useless tokens that sprout like weeds in the field.
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August 24, 2018, 01:33:07 AM
 #1272

This is a great way to not only earn, but also get quick feedback for your idea. Also, there is a scanty chance to become super-rich.
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August 24, 2018, 05:24:36 AM
 #1273

Now he can create his own coin and even bring it to the stock exchange, pay for pampas and sell everything. So many people do, and you buy and more, it never rises
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August 24, 2018, 07:35:29 AM
 #1274

basically they want people to believe in their project and to finance it. However, most of these projects do not collect the required amount of funds

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August 24, 2018, 07:59:01 AM
 #1275

You probably have to differentiate between coins people make money in an ICO and the one that have a real use case and could disrupt the field they are used in. There are still so many markets which are almost untouched and where a coin could really change things...
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August 24, 2018, 08:38:03 AM
 #1276

It's reasonable to happen because of the potential of the results are getting bigger. Crypto will certainly have a future that is increasingly good at some time in the future. no doubt it will be able to support many of the coins will have a high price increase. so if many are creating their own coins of course because it increases the wait so it could be profitable for them.
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August 24, 2018, 08:58:41 AM
 #1277

Oh no those who copy other people's coins they do not waste their time in vain. They steal other people's ideas and try to make money on it. I lost a lot of money to scammers like that. I hope in the future there will be more regulators in the crypto-currency world and there will be much less scams than now.
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August 24, 2018, 09:12:56 AM
 #1278

I guess it is simply cool Cheesy And profitable too in many cases. So I guess no more reasons are needed.

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August 24, 2018, 09:22:12 AM
 #1279

The reason a lot of people do a lot of things.  So many scams now it's silly.  Create a crap coin, get a bunch of people to buy it, pump it on an exchange and sell everything to disappear on an island for the rest of your life. But there's some creating their own for a good purpose not only to earn but to bring their coin into crypto in a success level and let it be popular  Cool
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August 24, 2018, 09:35:23 AM
 #1280

I, too, believe that now too many unnecessary coins. I think that they will die in the future and will remain only coin with grinding halt after technology.

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