Why people try to create their own coins?

[landysh007]

People want to leave a mark on history. They think that if they came up with the name of a new coin and made a copy of an already existing coin, then they will be remembered as the creator of their own crypto currency.

[pooque]

What you are thinking of? ofcourse they are creating their coins for the money to fullfill their greediness.

[Lumin333]

Some use as a crowd funder for their startup, or ongoing project, some see new ways they can implement blockchain tec into their business, and some want to get rich quick. Also there is novelty factor of trading your own coin.

[haster100]

Many reasons that make them think to make their own coins. What I am thinking is that they are too chased for wealth, everyone will want it, but actually they should also think about whether their ICO will be as successful as other coins that exist today.

[Liquidathor22]

Because they wan't to earn more. They think of creating their own coin to generate more profit. The problem with these ICO's is that they don't have potentials in the market ending to just a scam.

[SearchingforS]

Some want to express their vision of a crypto, others just want you money:)

[Crown1]

Why is that? By writing a new white paper and a technical route, you can cheat tens of millions of dollars. Why not release new COINS?

[Nivir]

We cannot deny some of these people just want peoples money. But these are also many of these coins that offers better innovations and technology than the others. So it really don't matter for me. We just have to DYOR and interact with other people especially the experienced ones before  investing.

[DosManos]

its like asking why people making movies, instead of watching movies on the TV

[KingScorpio]

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

it gives a financial opportunity segregated from the current established financial system, that is complicated and overregulated and under controll by small syndicate like groups

the worst part if it are basically the billionaires that abuse the salary slaves (trapped in state financial licensing zones) to build and run them income sourses.

[kiver]

there are people who are creating forks only for money and on the other hand there are people who have the chance to a better idea of enhancing an old coin to a really better coin fast transactions low fees the ability to handle millions of transaction without lagging or waiting a long time but you to be careful on which project you trust 

[Valzador]

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

simple, because they want to make a profit.
You make a coin and sell it with ico, even though ico does not go according to your plan but for the reason that your wallet coin has been hacked and you will be able to get all your ico investors' money. hahaha funny is not it?

[Gunpaycity]

I think they are just trying to get alt-coin cheaply and sure do not expect losses

[Liquidathor22]

Some of the coins have innovations and visions, some of them just wanted to earn money by creating their own coins in the market. I guess you need to differentiate what to trust your money in.

[Ankhesenamun]

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

People do their own business, which in their opinion must necessarily make them rich. It's just the creation of your project, there are so many now, and it's very good that people are inventing something new even though sometimes on the model.

[sabina2011]

I think they were the people who have their own vision. They want to make use of the technology that is why they create their own. Those people are there for a purpose,they just didn't waste their time.

[akmittal]

The coin is the share of the project. The people need funding for their project so they launch their coin and distribute coin as their share. But some people also launch coin to collect money.

[nextel]

That's very simple:
1. They want to be rich.
2. They're able to make another cryptocurrency because they are geeks and developers.
3. It's very easy to build a project cause if they have #1 & #2.

Even me I can create my own coin by using Ethereum geth platform and use their ERC20 smart contract.

[Liquidathor22]

There is a token right which is called PENIS TOKEN (PNS). Another ICO's which I think don't have any future or plans for the future. LOL There are many ICO's happening right now, most of them just want to ride the popularity of bitcoin.

[nextel]

The coin is the share of the project. The people need funding for their project so they launch their coin and distribute coin as their share. But some people also launch coin to collect money.

Well, the first statement is partially has a point but it's very easy to find and build a project and look for the support if needed because they're capable of making their own Cryptocurrency because Bitcoin core and Ethereum geth is open source