Why people try to create their own coins?

[passwordnow]

They are not wasting their time, they are doing it not for nothing but they are getting more than enough they are expecting by creating their own coins. They have goals and purpose on why they keep on making their own coins and that is to make more money, they don't care on how it will give reaction to the community. What only matters to them on how much they can make from ICOs / crowd funding.

[sebinator]

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.

[HushRah]

People feel that if just being a part of any project gets them some amount of profit, what if they actually create their own project with the utilization of their new tokens. But then, PROFIT generation is the actual thing. Although there are some people who create new coins just to con people and run away with their money, And it's us who has to take care of our investments so think before investing anywhere.

[_SegWit2x_]

Because people always want something new, something fresh, competition is important. And creating new alts really easy now

[vainhaver]

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

some of them have a lot of money and try to make and international effect.

other is hackers and promoting new coin to earn from it  

Source code make it is easy to open new coin

[Genrix]

There is only a few amount of coins which really worth money and have technology base. Most of shit coins are scam, founders are making strong marketing ,pump price and then sell everything. Or they can manipulate with price and create vision of the successful project

[cryptolerant]

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

People try to create their own coins for marketing and to develop their own business. These people are called developers and they need to promote their platform. As other people support them, developers would earn more profit.

They all dream the same thing like us, to get rich. They think that if they own their coin and even they can make one coin a dollar, they will have millions of dollars but of course it is not a easy thing.

[Tapyaks72]

They are not wasting their time, they are doing it not for nothing but they are getting more than enough they are expecting by creating their own coins. They have goals and purpose on why they keep on making their own coins and that is to make more money, they don't care on how it will give reaction to the community. What only matters to them on how much they can make from ICOs / crowd funding.

Yeah there are no restrictions in creating coins every body can make their own coins aside money making maybe that is their fashion of life,  what matter is how they create to attract investors to become profitable, because investors don't just simply buy ICO they do some research and they can easily detect or determine if the ICO being made is legit or true.

[anindo]

There are a lot of reasons and they are all different. The main reasons in my opinion is the ability to monetize your business or idea, a desire to make quick money without having anything but a coin, or just curiosity.

[ashaksagnis]

I have also been thinking a lot about this.
How long will someone make new coins, whether it's forever or soon everything will end. I think people will miss the idea and will make new coins less often.

[Edrian]

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

It is not about wasting time, they put their hard work on their project because they want to follow the step of bitcoin and other top cryptocurrencies. Yes some of them are almost the same, but it was effective, why? because the ICO succeed at first place. Now almost every week there are always new crypto, but I think it was good because it generates a function that someday will going to beat Bitcoin.

[dgraaf]

I'm actually really passionate about Blockchain. I made the project SnapCity (https://www.snapcity.io), and I'm trying to raise funds for it. I've learnt so much on this journey and it's been amazing. I have no doubts that Blockchain is going to take over the world, in the not so distant future.

[adzino]

Coins which random people create are just clones of others and are shit coins. They just create it for themselves. Premines it and then dumps it in the market. Creating clone coins are very easy. Most of these dump and pump coins are just shit and dies eventually.

[enes2]

Because they want to make alive their project or to make a quick buck (based on my observations).

[streazight]

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.

And the annoying thing is that naïve people fall for their trap. It is one thing to want to invest and it is another thing to try to invest wisely and some people obviously do not do that.

This is a market that is not regulated and anything can happen and thanks to Ethereum that made every Tom, Dick and Harry to find it easy to think of a project, create a coin and then find investors and that really blazed in a lot of greedy people like you said, who has always been looking for the easy way out anyway.

[Usui-Kun]

It depends on what their objectives are. Some companies create their own application or website and make their coins circulate around and stuff. Some has their own innovations on how they can manage their coins. The other ones have their own objectives with their coins etc. It really depends on how the companies want their coin to be used.

[Meepospammer]

People create their own coins as a way of growing their community. Having your coin makes it easier for you to do promotion. Just like a person having that coin will probably tell his friends about it in order to get more and this increase the value of token. Having your own token means that you have full control on it. (The price generally) . Tokens use vary ( depends upon the developer). Though we can't deny the fact that coins are created in order to gain profit. As what I have observe, some people are taking advantage of these so called tokens. They are only using the token as a way to gain profit. They are creating useless tokens that won't give service to the community. And I think, this kind of scheme hinders some people to fully engage in cryptocurrency.

[cryptoprophecy]

The ignorant mind, with its infinite afflictions, passions, and evils, is rooted in the three poisons. Greed, anger, and delusion.

[best ever]

I think there are two kinds of people who create own coins. This is children or IT amateurs. The second group is represented by men who have original ideas for promotion coins which could become a serious thing on the market.

[Sarastiche]

Ico is the rave of the moment,reason why all investo need to tread with caution,lots of coins comong up this days without any value to add to the society