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Author Topic: Why people try to create their own coins?  (Read 10893 times)
dimonarka
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October 11, 2018, 11:00:42 AM
 #1541

I believe that this is done in order to popularize any type or field of activity. There are also many of them there are many scammers who, when raising funds, will destroy the smart contract.
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wewe123
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October 11, 2018, 11:09:21 AM
 #1542

People are trying to create their own coin in order than their name or signature will be known to people that they are launching their business and will be recognized and be popular someday in the future.

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October 11, 2018, 11:15:58 AM
 #1543

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
The main reason is money, they are not wasting thier time i think they create a look legit project but after the ICO they are just run away like nothing happen (scammers). So be wise when investing in ICO be careful.

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October 11, 2018, 11:18:13 AM
 #1544

I think that people create new coins because they understand the useful of blockchain and try to make a project with using this technology or they try to make their own project better with help of blockchain and it's possibilaties
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October 11, 2018, 12:47:07 PM
 #1545

I think people try to create their coin simply just because they wanna getting profit from it. But there are no problem if they can make this scene are more competitive than before.
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October 11, 2018, 01:28:19 PM
 #1546

Now everyone is creating their own cryptocurrency project. The main benefit of such projects is a huge amount of funding. Investors around the globe are ready to throw their money out to a cryptocurrency project. The people behind the project earn a lot when the cryptocurrency token gets listed on the exchange. ICO is a great way to earn huge from a business perspective.
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October 11, 2018, 05:12:00 PM
 #1547

Misunderstandings, I sometimes ask myself this question. Perhaps they do it in order to save their time, effort and money. Why suffer coming up with something new, if you can take all the well-known old. I may be wrong of course, and everything is in practice, otherwise, nevertheless, the question remains open...
BitcoJ
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October 12, 2018, 09:07:26 AM
 #1548

It is obvious, every thought about it at least once. After all, the owner is a developer of a decent, growing coin. Will not only have great success and profit. But also an honorary name.
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October 12, 2018, 09:22:11 AM
 #1549

Yes in this bearish market so many new coin and token listed in coin market cap but so many of them just copy others. With so many new coins every day, this is just increase the total supply of all coin and will be difficult for the price of that coin to going up. Not all new coin legit so make sure doing analysis and research before make invest in to it.

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October 12, 2018, 09:48:56 AM
 #1550

Yes in this bearish market so many new coin and token listed in coin market cap but so many of them just copy others. With so many new coins every day, this is just increase the total supply of all coin and will be difficult for the price of that coin to going up. Not all new coin legit so make sure doing analysis and research before make invest in to it.

I think they make again a new token or coin from the old platforn because the old one's has seem to be hard to recover from its market. That's why they make again another coin to upgrade it and much more feature than before, for the successive of its coins.
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October 12, 2018, 10:00:34 AM
 #1551

Crypto is experiencing tremendous growth. each year the price of coins that had been low enough to be high even doubled from the initial price. of course, this is attracting a lot of people to create their own coins with the aim of seeking profit when they increase coins which are quite remarkable. take for example the only clearly visible changes which bitcoin it costs from year to year. certainly, it is impossible if there is no interest in such results.
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October 12, 2018, 10:31:01 AM
 #1552

Some just want to earn extra money and earn their coins trying to convince everyone that their coins are the best, others buy this coin from other participants or organizers. Such projects are the majority, but I think all projects only aim to earn and bring something new to the crypto industry   
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October 12, 2018, 01:58:24 PM
 #1553

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

For most people, the main goal today is to attract fast money. They are trying to develop their own currencies for profit, but often do not even plan to develop their project. Therefore, it is important to carefully choose the appropriate project that is really planning to develop and benefit the society.

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October 12, 2018, 02:02:38 PM
 #1554

many people to make their own coins with the aim of making a profit when they increase the coins which are extraordinary. take the example of the only obvious change that bitcoin costs from year to year. Of course, it is impossible if there is no interest in such results. Crypto experiences tremendous growth. every year the price of coins which is quite low becomes high even twice the initial price.
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October 12, 2018, 02:05:17 PM
 #1555

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
crypto currency I think that is a breakthrough in the field of economics that uses advances in technology and the development of times and technology, investing in cryptocurrencies is the first step in starting an investment
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October 12, 2018, 02:07:06 PM
 #1556

People are really creative and competitive in the way that they think that they have a better idea on those people who launched their own currency. And I can also say that if I only have the knowledge and capital to launch my own currency I would like to run it.

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October 12, 2018, 02:08:32 PM
 #1557

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
I think they are interesting to make new coin in order to earn money. Because cryptocurrency already attract so many people attention. Every coin has their own characteristic. They have their own goal and mission. So, I think it is not wasting time.

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October 12, 2018, 11:05:07 PM
 #1558

I think therefore, one integral part of the development of the crypto currency market is the attention of the audience. So why not promote your brand through this. It can also be regarded as a profitable investment of own funds. Although risk of course, too, not a small.
Troysen
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October 12, 2018, 11:21:41 PM
 #1559

because in reality to get a new coin is not very difficult, all you need is to have a certain level of programming knowledge and know how to use the right platforms, so for many people to spend 1 month or 2 to make a coin that at least collects 10k$ is quite profitable, even if the project fails at the end.
dlhezter
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October 12, 2018, 11:58:33 PM
 #1560

Now everyone is creating their own cryptocurrency project. The main benefit of such projects is a huge amount of funding. Investors around the globe are ready to throw their money out to a cryptocurrency project. The people behind the project earn a lot when the cryptocurrency token gets listed on the exchange. ICO is a great way to earn huge from a business perspective.

Most people who are creating their own coins are the most scammers and stealing money from people, It is easy now to make an ICO or your own token or coin, Some users are doing this to support their needs by stealing others funds, Fake ICOs are very common this year, imagine a 4 months campaign and the token has still no value, Some of us here are not only investing money but also investing our times.
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