Why people try to create their own coins?

[qwertyup23]

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

Like any other businesses, the primary goal is for the realization of profit whether for short or long-term. Other cryptocurrencies besides ethereum and bitcoin were created primarily for profit, regardless of their main goal. Many ICOs are starting to boom since there are a lot of investors willing to take the risk into earning profit. Most of them aim to earn only for short-term due to the risks involved into participating into these coins. But before you invest, make sure that you do your research in order to avoid scamming, as it is rampant nowadays.

[hanlieuiypm9832]

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

Like any other businesses, the primary goal is for the realization of profit whether for short or long-term. Other cryptocurrencies besides ethereum and bitcoin were created primarily for profit, regardless of their main goal. Many ICOs are starting to boom since there are a lot of investors willing to take the risk into earning profit. Most of them aim to earn only for short-term due to the risks involved into participating into these coins. But before you invest, make sure that you do your research in order to avoid scamming, as it is rampant nowadays.

Yes, everything they do is for benefit, not nothing at all. I think they use a new conception for the new coin, maybe it is attractive for some short term investors.

[Gloria_16]

some make coins to sell them and create a product for the money they received, but somebody disappears with this money

[Eclipse2021]

most of the people try to create coins because this is the future. However,  there are scammers around so be carefull in what you invest. Good project will always have good credintials on icobench.com

[Arthurleroi]

I think that an ICO involves the creation of a currency. Unless it has become a standard ?

[Blackfurysm]

The reason always is money. Some people got serious ICO and invested in project others just create their own shitty coins to try get money fast.
You know, but it’s really interesting to watch how cryptocurrency is becoming more available for each of us. https://mytc.io/ Ive just checked their website and wanna try it. A blockchain platform to turn time into the cryptocurrency.

[Xfactor06]

Well, it's all about the money, these developers know that there are certain coin that is created with the same idea of them, now they will pursue it and then become a scam. Some of them are legit but so many others are scams.

[hadisaw]

Many causes, some really want to popularize their coin like any other coin, or they just make a temporary project and when they reach the target, they just disappear.

[Prince Malik]

Because this can be profitable...and this year we see many surprise started just with a litle airdrope like eBTC

[Greedy squirrel]

People want to attract money to develop their startup. And this is a normal situation. The bad news is that no one is responsible for your money. You can get a good profit, but you can lose everything. It is now fashionable.

[kuyaJ]

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

its not nothing, because when the new coins create, too people has claim some profit from some ICO that they get.

Almost all of us in this forum just get money from ICO's so the time was gonna waste but a time was more useful because we get heigher than were expect.

[artmen007]

While I think it's just a way to make it easy. Even if the coin is no technology that does not mean that it will not buy.
Of course I would like to create a cryptocurrency, but I don't see such fluctuations are now taking place as to work in the real sector of the economy with them.

[sniveel]

Some people created their own coins because they want to be famous and have a reputation in cryptocurrency world thats why people invest it to try if that coin can bring a bright future for them. Some reasons why they created their own because of money.

[carrie_white]

I think people are in droves, trying to make their own coin, because of money, it is clear they are talking about wealth, and also have a lot of real evidence of successful people from the world of cryptocurrencies

[Blakscorpion]

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

Lol... For nothing ?
There are a lot of money to earn in this process.
Because there are plenty of people buying some coin from scam projects, so it means that as soon as a coin is hyped, more people will buy them.
The value will increase and the developpers will earn a lot. So no, ICO is not wasted time for those who create them, trust me

If it was the case, do you think there will be still plenty of them on the market ?

[pedropendukot]

Because they want to get rich in the fastest way,even the coin has no use at all they only want to get profits you can find greedy persons in the market like Roger Ver whos claiming his BCash as the real BTC.

[tazmantasik]

it's all about the easiest way of getting bitcoin, and taking advantage of new tokens 

[Om.monata]

it's about business, I think a lot of people make their own coins because they are interested in the achievement of altcoin coins that are very good and already have a high price. someone tries to make a coin in the hope of getting a big profit and wants to be fully in the world of cryptocurrency.

[shaun98]

Some try to solve real world problems, others just do it to scam people and get rich quickly.

[sandy14350]

becuase now a days creating coins is very easy and these get dumped on the exchanges by the dev team the very first day and earn the money, so basically money is the centre thing for all these organised crimes