Why people try to create their own coins?

[Gastotade]

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

learning about new technology is fun for me, currently im trial to create my 'real blockchain altcoin' not only token.
why not? we can get money if our altcoin succes. and im never waste my time for learning.

As long as we have idea and knowledge how to make one abetter new one, then why not try, if we are capable to do it and to make it successful then it's fine, what is wrong only is some using it to scam other people.

[PokerStein1]

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

They are doing it because there is so many people easily they can click a couple of button and give their hard gained money to them. It is like casinos give us chips to play with them because people can throw easily chips or digital digits away. If they come and ask for your paper money you will think really hard to give them or not but because it is just some numbers on your screen you are giving away if you are not wise enough.

[chocolah29]

Most of them are just scammers and the reason why they make to own coin/token and launch ICO's that promises investors of high profit is to make profit they leave all the project behind and taking the investors with all it's money that's why most ICO's this days are bad for newbie investor especially those people who doesn't take time to research that ICO's and end up getting scammed lots of their money.

Essentially they make their own coin because they want money, no matter what lies they give in the end they bring investors' money, even though their ico project is not scammed but they need the profits or cost for the ico project itself.

Can't blame other countries for banning ICO. Yeah it's easy to create a coin then take a risk to make it successful.
But if it doesn't succeed this will be all added to hundreds of shitcoins in the exchanges. Well, there's nothing to lose on trying but just don't use it to scam others. It's much better that you succeed without fooling anybody.

[makishart]

For example, any "e-coins" that's recently created by so many random people will bullshit project behind it, even they've created their token first before they publish their roadmap, it's simply for money grabbing and they want to repeat the same success as what happened to eBTC, they want to try to hold big amount of total token supply while people who are buying getting tricked and basically wasting lots of their money.
so, people create their own "joke" token is for gaining free money for instant, other relief, is just for fun, for example, shit token, and many more.

[blueteam09]

I think the people who want to start their business are in dire need of capital, they will make their coin to attract investors and I see these ICOs are just a few of their worth. When coin was on the floor, they developed to better coin but also many types of fraudulent ICO when they mobilize capital then they are no longer developed so many people fooled and lost money. It only involves money and you should be careful when investing in ICOs so many people are scam and I am also

[michellee]

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

i think they don't waste their time for nothing because I am sure that their purpose is to make money from their own coin and if the coin will explode then they can make a big profit. with the many of source that we can found about how to make new coins, I think every people which learn about programming will learn to make new coins and they will make announcement to their friends, social media and else and reach investor to invest their money into the project.

[Shamie1002]

I just want to share my own opinion in the simplest way I can. I think that people create there own coins because if serves as their own capital without investing a real capital.
It's like a proxy where in the introduce it with a value and invest it for profit. This is when ICOs come to promote their projects. When they are able to endorse it to an exchange and people will invest then they will profit from it.

More knowledge will be helpful too.

[thepo1m]

Because they too want to be called a developer and having a huge control on something, also remember that these people control almost large percentage of these coins and when the price go up, some of them become millionaire immediately Ethereuma and Dash are two good examples

[setyawan djoko]

I think that many variations of each person's goals in creating coins, perhaps enriching themselves or financing projects developed, it all depends on their characteristics

[anzach87]

because this as we see is easy money

[publicjud]

Any project is not valuable at all without community faith. It's very bad that many people can't distinguish good and scam projects. That is why scam projects feel great at this market.

[Lion BItcoin Shop]

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

learning about new technology is fun for me, currently im trial to create my 'real blockchain altcoin' not only token.
why not? we can get money if our altcoin succes. and im never waste my time for learning.

As long as we have idea and knowledge how to make one abetter new one, then why not try, if we are capable to do it and to make it successful then it's fine, what is wrong only is some using it to scam other people.

thats right
learning is fun, and we can explore blockchain technology too.
im interesting with this technology, decentralization and anything about freedom blockchain.

[asdalani]

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

Some people make their own coins so they can make a bunch of money when they want to dump their coins on someone that wants the coins that they have.

[ImHash]

Assuming the impossible, I've had my fair share of dreaming about the impossible, becoming rich like Satoshi but these noobs don't care about how to get rich, they try to create coins and generate some heat around it to lure most of the unsuspected. and if you think about it you'll see that bitcoin has the most clones, while other so called open source coins have no clones because they're not open source.

[Anwar22]

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

I think they earn high value and they seems their coins will be very popularity. So they created their own coins. And my seems that many people do it they lose their time,money.

[reputation]

i think the reason is that its easy to raise money no matter how scam the project is, especially when the market is hot, people usually do little research to invest

[PadenoM]

because everybody want their piece of pie, among the ico mass you will have passionate people launching their project, you need to invest in this people

[crypthomonkey]

Think fast money is the first reason, then perhaps really desire to improve something, well, finally the ignorance of existing competitors (and therefore the creation of duplicate product)

[Ucy]

Very Unfortunate my friend. Copycats exist in every areas of our society not just crypto. They usually do not understand the true purpose of what they copy.. Original creators create to solve problems but their motivation is the economic gains. They copy with tiny modifications and zero innovation.

[Jalum]

They dont waste their time for nothing. They use their time to either develop a legitimate project or a scammy project. It is up to us as the users to decipher which is which.

The scams and all the ICO's that the developer is putting on the Internet all add up to a single project that will lead more people into investing in that scam.