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Author Topic: Why people try to create their own coins?  (Read 10893 times)
Nastinmel
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November 08, 2018, 08:16:27 PM
 #1701

Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC

Not because of it. I think blockchain is in fashion, so people want to create their own. Moreover, many people just try out, and I believe attempts are important. There won't be some good projects without many bad ones!
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November 08, 2018, 10:07:09 PM
 #1702

Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC

Not because of it. I think blockchain is in fashion, so people want to create their own. Moreover, many people just try out, and I believe attempts are important. There won't be some good projects without many bad ones!
That's quite logical, even there's hundred thousand of worthless coin being deployed until now by individual or atleast tech savvy because they are just being curious.
There's some article that address this thing where everyday hundred of bitcoin hardfork is being created but ended up being a worthless coin because people are doing that for fun.

 
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claus-rich
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November 08, 2018, 10:10:52 PM
 #1703

People want to make money on the trend. That is why, during the general growth of the cryptocurrency market, a lot of different projects were created.

NORD YGGDRASIL
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November 08, 2018, 10:21:44 PM
 #1704

Creating your own coins is necessary for any project because in this way this project gets its own personality expressed in this coin. This is similar to the process by which each individual country existing on the planet also has its own currency.
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November 10, 2018, 03:04:40 PM
 #1705

they don't waste their time. they know what they're doing. these are those who want a lot of money in a short time. they're crooks. although among them there are enthusiasts who really believe in their product. but they didn't pick the best time. ((
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November 10, 2018, 03:08:55 PM
 #1706

I fully support the view that projects that are now being created in a greater degree are being made only to enrich the developers themselves, because they very often really try to show serious opportunities.
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November 10, 2018, 06:34:50 PM
 #1707

Your opinion proves that the future of the ICO market in terms of due diligence will not be good. Ico market entered a dead end as developers wanted to make money only. The ICO sector, which could not find a way to move forward, remained still in the same street.
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November 10, 2018, 06:38:04 PM
 #1708

People want to make money on the trend. That is why, during the general growth of the cryptocurrency market, a lot of different projects were created.
You are right. But now there is no growth of cryptocurrency, and new projects of ico don't cease to create. And so really now someone invests in them?

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November 10, 2018, 06:43:34 PM
 #1709

People want to make money on the trend. That is why, during the general growth of the cryptocurrency market, a lot of different projects were created.
You are right. But now there is no growth of cryptocurrency, and new projects of ico don't cease to create. And so really now someone invests in them?
Perhaps this is some kind of Napoleon syndrome, because many are beginning to call the coins by their names. I think that this is complete nonsense and market correction to quickly throw these coins into a landfill.
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November 10, 2018, 06:43:48 PM
 #1710

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
In my opinion the profitability of the Altcoins is huge, besides they want to give themselves a lot of investment opportunities and master the Altcoins to attract more investors to participate in their projects.

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aircrusan
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November 10, 2018, 06:47:46 PM
 #1711

Many organizations are trying to occupy their niche in the field of cryptography, as they see the future of cryptocurrency and want to participate in this future.
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November 10, 2018, 07:01:16 PM
 #1712

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
Why you thinking they wasting time?They earn money for that.Many ICO`s do tokens.
droptableguy2
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November 10, 2018, 07:06:45 PM
 #1713

Because they are trying to cheat people, people are falling into a place where greed they think they will succeed and may be one of the best projects. They think the profits will bring them. but not.

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November 13, 2018, 01:10:35 PM
 #1714

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
people want to learn i reckon Wink or get rich. after all, isn't it precious to have your own currency, your own country, your own people... Grin Grin we should follow the example
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November 13, 2018, 01:12:14 PM
 #1715

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

Because people have idea.
But for the copycat project, they just hunting investors and didn't really make a real product.
Their purpose is just listing on the market and gone.

 
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November 13, 2018, 02:58:51 PM
 #1716

Your opinion proves that the future of the ICO market in terms of due diligence will not be good. Ico market entered a dead end as developers wanted to make money only. The ICO sector, which could not find a way to move forward, remained still in the same street.
ICO in the form that was previously, no longer relevant.It used to work,but now the market is changing and evolving...I am sure that over time there will be another form of ICO.
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November 13, 2018, 03:01:38 PM
 #1717

It all comes down to the usual needs for making money, this is the most important thing for people who want to earn all the money in the world, but I think that this is not a good idea for those who want to live this life.
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November 14, 2018, 06:59:14 AM
 #1718

This is related to the compatibility of Ethereum. Many coins can use Ethereum's platform to build their own coins. To know that people are usually greedy, issuing their own coins will make their wealth soar. Many scammers have taken advantage of this platform.
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November 14, 2018, 07:53:25 AM
 #1719

Many people make new coins because they want to quickly get money. Now many new coins appear, but many of these new projects are very unreal copies so they are fraudulent. And we also have to be careful and if you want to invest, you certainly have to do research. So you don't get caught up in ICO fraud.

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November 14, 2018, 07:55:59 AM
 #1720

Well last year was a good time to create a coin... I even thought about it. You didn't even need to have a website and then you could get rich if your coin got pumped to the moon. Now it seems like you need to at least have a website and a semi-promising project to have any success.

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