Why people try to create their own coins?

[Matimtim]

It because they want to have their own money why they want to create their own coin whether is copy paste from one another.

Maybe creating their own coin is easy to those people creating their own coin to have their own source of income.

[bulbolitobayagyag]

Greedy people creates a shit coin to get profits from it,new investors are getting rekt by these coins they are all the same they want money money and money.

[imperatron]

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

A lot of people just wanna dump some coins into their community to make some fat profit... But thats not the way to make money in crypto!

[Bren Briones]

It is not wasting time at all. The reason why people are creating their own coins is simply because they wanted to generate profit out of it. Just like any business models, if what is in demand, it is the interest of business proprietors.

[subG]

A lot of new projects start out as clones but the team continues to develop on top of it to make their new cryptocurrency better than the original.  Profit and money is for sure the main reason people start a cryptocurrency, no one starts a project to lose money.  Another reason could be is that they want to corner a different market with their new crypto. 

[triciaa478]

Initial Idea was to create an IOU to fund startup companies, but now the bad guys are in and taken people money away.

[God Fist]

Creating new coins isn't really that hard for an idea , concept or general specified usage , the strong part is coding the algorithme with which the coin will be created . Yet we now can find developers who can do that job easily and this encourages people to launch their own coins in hope of getting huge profits from themselves whenever their coin hits exchange and enters to the pump and dump game . Such thing could return back to them huge amounts of money and that's why we see this absurd quantity of coins circulating the cryptocurrencies field .

[vv181]

Greedy people creates a shit coin to get profits from it,new investors are getting rekt by these coins they are all the same they want money money and money.

I doubt many people still attracted by that kind of project, nowadays most of the investors are smart, they handle their money carefully. And also there is much information about how to avoid scam coin. I believe nowadays people will do a deep research first before they throw away their money.

[Bybox]

Like a lot of people here said, money is the motivation. And create altcoin is very easy, just copy someone else coins, add new features, make whitepaper, create new bitcointalk announcement thread, choose your distribution method( airdrop, ICO, mining) and profit. If you dont know how to make your own altcoin then you can hire some dev and pay him to make your altcoin. Look jl777, he has a lot of altcoin but none of them has reached the goal yet. He alway created a new altcoin and abandoned the old one.

[Pulsarin]

Nothing but profit. The main goal for them is money.
Naturally, people will do research before buying coins, but not always it is possible. That's what they expect.
I do not like lying people, but there are a lot of them on the net.
Always learn new coins before buying them.

[CryptonikaTrade]

By the way how many coins are there? Thousands, tens of thousands or more?

[KingScorpio]

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

world cant run without enough kapitalists, just look at medieval ages, europes land mass was huge, culture was managed by multiple "coin issuing" "kings" covering the land mass

thats the same for todays globalists world, there cant be just the world bank as single capitalist.

sufficient amount of good kapitalists are important.

[KingScorpio]

By the way how many coins are there? Thousands, tens of thousands or more?

currently 1380, but there is going to be much more, coins token, or tokenised assets, kapital market always have been this way.

regards

[Mrs Troll]

They do profit   Any devs left atleast 2-5% of coins to themselves and when people start to trade their coin on regular basis - its good to time to earn some money. Not all act the same way, for sure.

[Wyre08]

As everyone is saying all these coins are driven by people wanting to make money. A lot of coins just seem like a money grab, but if you can weed those out for the real projects they might be worth something someday.

[Jejeboys]

The premise was money, what else? and tell me where you can find an easy money grab like this if not on crypto who not regulated and people will easily get away with it.

[ufalo3]

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

Now many scammers who want to get easy money and copy other people's ideas just to get a lot of money. I met companies that did not even have white paper, the site or the person of the organizers were hidden from the public. Such projects in 99% of cases are lazy scammers.

[mpufatzis]

They are driven by profit.
In the past they were forgering money, today is easier, and they just copy-past others code.
Thanks to them cryptos have bad reputation to the ordinary people.
Money makes the world go round.

[gidaahmad]

This is very clear. All because of money. Because by making their own coin and holding an Airdrop, it is easier to attract the attention of many people to get into their project plan.

[sozvdhua]

Ha, because making money by making coins yourself is simply too easy, just like having a cash register. Although in the real world, no country is allowed to have a banknote printing machine privately, this is possible in the world of blockchain. However, we should know that some ICO projects are still very reliable.