Why people try to create their own coins?

[SoliDCoiNs]

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

Mainly because it is on hype right now. It is just another way of funding your own project. Just like Kickstarter, Gofundme and the likes. However, you do not have to offer anything for getting funds. If people like you idea, whitepaper, if they believe in you - they decide to invest (give you money). In return you give tokens (basically air) in hopes that when you deliver users will be able to cash out those coins (use them somewhere).
Recently there were some news about several ICOs which said they will offer equity (namely, some NYC hotel and Lympo). We will have to wait and see how it turns out in the end.

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[nicolebtccrypto]

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

People are trying to make their own coin because they want to have a lot of money. They are so greedy in terms of having a lot of money. They make their coins sound so promising but after a lot of people used it they will vanish it.

[suhoy]

There are various reasons, I believe...But I assume that most do that because they want to earn money, nothing more...

[maliboom]

Because the global financial and monetary system is on the verge of explosion. Wealth is concentrated in a few hands and people are instead in debt.

[Huruharacorp]

People create their own coin out of necessity, the blockchain technology is useful and cut across other businesses/sector of the economy. Although this seems to be a recent trends, the more ideas that involves blockchain, the more ICO's thus more coins in the market.
And you know ideas can't just cease, but some ideas/project are just copycat.

More ICO are on the market and more Ico are starting to take shape and people are competing to make their own coin means that crypto is now more and more interested and has more potential. so it encourages them to participate in cryptocurrency

[skymia]

People create their own coin out of necessity, the blockchain technology is useful and cut across other businesses/sector of the economy. Although this seems to be a recent trends, the more ideas that involves blockchain, the more ICO's thus more coins in the market.
And you know ideas can't just cease, but some ideas/project are just copycat.

This is quite normal, indicating that the block chain technology is really promising, which leads to the mixed results of the projects involved. Most of them are just following, and want to earn a wave and go away.

The blockchain technology is definitely here to stay for good!  I think the following projects are good!

1. ETH

2. EOs

3. NEO

4. XAP

5. MEDIC

[EastSound]

it is the best way to earn money from people who are new to crypto, mostly cryptos that are being created now are dump coins.

[dommerty]

It's obvious, just there are people who want better technology than bitcoyne, so they make their own version, if you can see a lot of infographics that people will compare with other btc / alts, and they will say: "my coins are better."

[Xiao Mei Mei]

because they hope the coin they create can be famous like bitcoin  .

[Angel0]

Some group just want to earn and gather money quickly, compared to other group that they spend too much time to study their project before launching.

As of creation of coin is also an achievement for the founder if his or her group successfully created one for public to use.

[Leah38]

There's so much ICOs now a days. Some trying to copy past successful ICOs but fail and ended up on refunds. Anybody can develop coins but to have a successful ICO it needs great effort and a solid concept of the use of its coin so investors will come join and buy their coin. So many shit coins out there too. Airdrop coins with no value at all. Creating too much traffic on the ETH blockchain. They are trash as I call them.

[amanarora_1]

It's all about money, money and money! Actually, they don't waste time, they fool innocent people and make good amount of money in short period of time. I know, that type of money will not make him happy for long time. In this world everyone has to pay for their wrong works but don't know how. But one thingh we should all appreciate that these guys are really hardworker in copy, which not everyone had

[cfmoc]

People try to make their own money apparently for personal purposes. Blockchain technology is the basis of the Cryptocurrency market, forming Bitcoin and Altcoin. The role of the Blockchain platform is recognized by many countries and applied to the financial and banking system in their country. However, the management of Bitcoin and Altcoin is very difficult. The government can not manage and tax on transactions in electronic money. So, they want to create electronic coins to serve their country.

[george_hured]

It seems to me that in most of all cases everything is connected only with the fact that people are trying to earn this way for themselves in their lives, more precisely not only for their own, but for their sons and grandsons, just so it can be called. But it seems to me that people have already started to get smart and do not invest in it as before now people are already giving little time for this.

[alisherusmonov89]

In most cases, people just want to make money. However, it is a new way of funding and fundraising. The investor buys coins and multiplies his money if the project is good. It's like company stocks.

[rpg]

Everything rests on money. The creators want to make money. The question is in another, in an honest way or not. Every day more scam projects. Very few creators who really are for an idea, the real development of their project and coins

[sejhdjdt]

The reasons behind are various, some people like technology, some people want to develop projects, some people want to create scams. So we need to learn to distinguish their value.

[Princessjilian]

People try to create their own coins because they want to  develop thier own projects and apply their own ideas to it. Most important is to gain profit from it. But most of them now try to create coins to scam their investors to get money easily. Even though they knew that it will give negative effects on crypto world.

[beautygirl816]

To make money. It is simple like that. All coins excluding Bitcoin are created in order to gain some profit. Especially shitcoins want you to invest your money in their token and then the devs cash out. So be carful where you put your money in.

[Semeny4]

Each frog wants to extol and be proud of its swamp. Well, to be honest, people pursue the goal that their idea will be to invest the money for these coins, and then if you suddenly will be able to collect the desired number of means, success is already navryatli will leave you, and these coins will bring you a difficult estimate of the state.