Why people try to create their own coins?

[tahsanabir]

The reason I am thinking about creating a coin is because I truly believeThere are, no doubt, many reasons for creating your own coin. my idea has not been executed before.

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[riska hanissa]

the main purpose is money, because the current level of crypto users is increasing very rapidly, and each of the developers have different ways to cultivate the coins they create. so from every sale up to the price movement of coins that have been marketed the developers benefit.

[hermoine]

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

I think it is because it gives you a bigger income and a bigger opportunity. Also, because it is money. A lot of people can make coins easily.

[ethergod]

I think this is due to market immaturity when almost any coin can gain a significant market cap. Over time these coins will lose value as the market gets more sophisticated. Right now there are arguably too many coins.

[benjamin11]

I think people saw a lot of potential and opportunity in crypto world. By creating their own, they think they can profit it. There are no doubt that there are a lot of coins out there who are just a copy of the other. Those coins are just there to scam investors. But there are also coins that are unique and functional. The problem is, those legit coins are very hard to identify.

[Sithara007]

There can be only two reasons why people are creating their own currencies. The first one may be that they want to put in to practice some of their ideas regarding crypto-currencies. The second reason can be these people are trying to con the unsuspecting crypto-investors, by asking them to invest in their currency. 

[Casey7]

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.

Want to make profit and become rich in the crypto world. But so thats why we need to carefully become a investor.
Dont invest in a project that have no serious in development. Dont invest in project that dont have even MVP. Dont invest in project which has not experience team.

[meanwords]

It's actually simple. To make profits out of it. Remember last year where airdrop is a thing and a lot of shitcoins are created and the Bitcoin community is starting to boom? That's the time where investors are really not researching things and stuffs and just blindly investing into coins that looks cool and they think they have potential for the hope of someday making bucks into the crypto space. But that's also when those coin developers starts creating coins and advertising them, waiting for a few days, then dumping all their coins leaving some newbie investors in grief.

[criss ronaldo]

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.

[ifanxu]

I think some people just want to make themselves look more cool, and it's really cool to have their own personalized coins.. But some people simply want to be a fraud, so for any ICO we need to be careful if you want to participate.

[texas23]

I think people saw a lot of potential and opportunity in crypto world. By creating their own, they think they can profit it. There are no doubt that there are a lot of coins out there who are just a copy of the other. Those coins are just there to scam investors. But there are also coins that are unique and functional. The problem is, those legit coins are very hard to identify.

yes, what is in crypto is very likely to gain profit, in fact all coins are created to have a price and as a new breakthrough of the existing coins, but it is currently a lot of the same coin but most likely to be a competitor or see there is a chance in coins previous. we can'tt judge that it's a waste of time to even give us a job and later get results because the most important is not the scam or the deception that's why it's recreated.

[cbdrick12]

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

They don't waste their time. Different coins or tokens are valuable to each and everyone because they have the freedom to choose what ever they want and if the token or coins that they chose or invested into are not available anymore, there are more to choose from. That's just like banks all around the world. Like Blockshipping’s Global Shared Container Platform (GSCP) is designed to make key processes in the global handling of containers significantly more efficient and thereby solve some of the most important problems in the container shipping industry today. See, they choose what key demography that they want to target.

[voxdu12]

I think that people want to make money on the creation of their coins, and therefore create similar, well, maybe this desire to do something their own.
in any case it's better than doing nothing.

[Artron1]

All the money in the world has created people. The only advantage of virtual money is that you do not become a counterfeiter when you make production. You can earn money to sell your own money if you have enough naval assets.

[Temik2704]

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

The answer is very simple: it is possibility to earn money.
They create new coins with some premined amount of these coins 

[EfKos]

Some do it for the sake of fraud, and others of course for profit, because it is a good analogue of the shares, as if their projects will be successful, respectively, and the profit from the coins will be high.

[Bakemat]

Some do it for the sake of fraud, and others of course for profit, because it is a good analogue of the shares, as if their projects will be successful, respectively, and the profit from the coins will be high.

Why do people try to create their own coins? Just like the others said. It is because they can get or they can earn money by creating their own coins. If their creation becomes popular then expect to have many investors. But then, there are some people wants to tricked others.

[jhonvir666]

    That's why I have not seen or heard that people are making their own coins because of their long-standing prosecution that the governments I have come to that which they need is still good and of course they also need huge amounts before we can get into those such a drastic change and sometimes it does not happen that no other coins around the world but just bitcoin and altcoin nothing else and here also I believe in a cryptocurrency in the country.

[Coinredd]

A lot of people view creating coins as a means to get a lot of money in a little amount of time. They are the ones that are actually ruining the cryptocurrency market by pushing a bunch of useless and dead end coins into the market which people cannot use outside of trading. There needs to be some kind of regulation on coin creation.

[FOUAD1994]

To create fast income and ompprove their life and to pay thief fee    of living