Why people try to create their own coins?

[Bonsaiav]

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

Because:
Cryptocurrency has succeeded in winning the hearts of many investors from both the lower or upper classes.
Cryptocurrency is more likely equated as a commodity as does gold.
Cryptocurrency has the potential to rise in price.
Cryptocurrency is global and no cryptocurrency is only used in 1 country only, surely used by some other countries.

[Blockman21]

In the great majority they pretend to obtain personal riches, to change of status, to find in the crypto the golden opportunity, when we know that in the outside world it is slower to obtain.

[link0221]

Companies that created their own crypto-currencies can transform their business processes almost digitally into digital form. One person will not be able to provide the net effect of his own currency. But personal crypto-currency makes sense as a personal security.

[loaddebitcard]

Companies that created their own crypto-currencies can transform their business processes almost digitally into digital form. One person will not be able to provide the net effect of his own currency. But personal crypto-currency makes sense as a personal security.

Nowadays even a single person can provide his own coin. Of cause that person should be a real ace in that sphere, not a simple pleb who buy and sell all day long

[invo]

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

they want to earn money, there is no other reason for that, but those copy cats are just scammers, they just copy the concept of other people for their own good, that's why its better if you have enough knowledge to do even a little investigation to avoid that kind of coins.

[digaran2]

Because many see the potential of earning big money by create and release their own coins.
but also have many good coins solve the current problem of many coins faced.

[WhaleTank]

To earn
but they can earn creating their coin, and you can earn with whaletank club and their signals and features

[bamb]

People create their own coin based on the fact that they have idea of their own which may be an improvement on existing coin features or completely new idea that can make the existing coin obsolete in term of security, transection and value!

[hot_ads]

Create your own encryption, you can earn a lot of money through this, distribution encryption is the most profitable.

[zxl912157]

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

Only one reason is to make a profit. That's why everyone wants to make their own coins.
If they are not serious about developing the coins then they will just go away after earning a profit.

[FissioncoinXpres]

others created a coin for profit purpose, others attempt to scam people, Few only who are trying to share wealth with holders

[clavirda]

The main thing is that they are eager to make money on this, but they do not know much about the key principles of crypto. Therefore, they decide to make their own coins, most of these undertakings do not lead to success, because of which they supplement the list of unsuccessful projects.

[memFISTO]

They decide on this in order to raise funds for the development of their projects. To do this, create their own coins and initiatives to attract and retain the attention of investors who purchase coins in anticipation of their appreciation.

[wiak2]

Altcoins consider it an opportunity to give something in return for the money of investors. After all, people need some guarantees to participate in the ICO, that they will be refunded.

[novy]

hello guys,
today I've read the article about becoin - this is an example how cryptocurrencies are very popular. But this is stupid, any good project should have good economics, tech idea and marketing. Most of the project will be abandoned soon because of the less interest and no usability.
If you like my idea, please press +merit.

[iL_P4driNo]

It's not for nothing, they are creating coins that they hold the most of their supply, they are winners no matter the price. They are only wasting their time, they are wasting yours and your money.

[seviandyosi]

The idea that creative when someone makes the coins themselves because they are aware that the current crypto is an excellent opportunity to try to make their own coins. But they should also know about crypto principles, the concept of the coin should be very good and in terms of security. Hopefully can succeed than be a scam.

[castellodocet]

Some of them just want to earn money from it, a lot may be scam, but among all of that there may hide an interesting project that deserves notoriety

[Crypto Lady]

The main reason for creating a lot of coins is earnings. I think that the creators of many coins do not care much for the future of their project. They just deceive people. But there are very good developers who really want to improve the life of mankind.

[netil]

Each coin has it's own ideology and some purpose. Nowadays in conditions of hype and influx of new users, ideology of the coin has been reduced to the conduct of ISO and fundraising. A huge number of projects do not even have a clear documentation, not to mention long-term goals.