Why people try to create their own coins?

[Orangeko]

Perhaps they create their tokens, because they can be sold . Even those coins that are not valuable, buy for very good money .

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[d2s4]

Because the profit from this deal is much larger thn from any other method of earning on the cryptocurrency market, but it is also too difficult and hard to get success there.

[cola-jere]

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

Litecoin was a clone of bitcoin as was intended as a backup as well. It is still serving it's purpose until Bitcoin Cash came out last year.
Some are made with some innovations, others are created to just make the devs rich.

[Gibsonlda]

Unique coin algorithms encourage many programmers to make their own coins, unique coins have the potential to become business brand logos in the future, but the reality for now is that many people abuse them to cheat, but basically this is because pure can be made by individuals, so there are no patents that can distinguish between quality coins or not.

[kahrde]

When people or groups of people create their own coins, they have an advantage over others. This is a very good way of earning and additional independence.

[EfKos]

Because it is a very profitable investment program, thanks to which the project developers can collect a good budget for development!

[ahah]

I can call them shitcoin. Worthless coins start to show up when bitcoin falls. Most investors don't have a deep understanding of the coins invested, which gives shitcoi a chance to survive.

[The_prodigy]

When people or groups of people create their own coins, they have an advantage over others. This is a very good way of earning and additional independence.

people try to create their on coins beause we know what the value of the cryptocurrency in us. the popularity of the coins is very popular of you success to create your own coin. like satoshi nakamoto. he create the most trusted and most popular coin in this ibduty o thtmany people admire him to create their owned coin too.

[AgatioX]

As one of the options - to sell their own koin, raise money for ICO and fly away to live on the Maldives That is, it turns out to be a fraud and develop a scam-project. Nowadays, this trend is continuing to grow

[Albertio]

They are competing to earn money by creating coins but they also have to know about crypto principles, the concept of coins must be very good and in terms of security. Hopefully it works rather than being a scam. They only cheat people.

[starblocks]

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

You're correct its mostly copy and pasting of another code base

Some do it simply for fun or as a educational endeavor to learn how the technology works and others for scams or illegitimate purposes

These days you can create your own coin or token very easily with little coding skills whatsoever

[NewBet]

The reason for this is that people are greedy and they have found out that there is a lot of money to be made from owning cryptocurrencies so they want their own cryptocurrencies but the problem is that the cryptocurrencies that they are making now are useless and scams. They just end up taking money from unsuspecting investors and removing more money from the market.

[Benomil]

From my perspective, making their own coin isn't to no end. For the individuals who have amazing thought however dont have enough funding to take a shot at it, in the event that they're fortunate, they can get gigantic sum from their coin and influence their fantasy to work out as expected Smiley

[TitsiCoiner]

It is quite interesting from technical aspect, and with financial, having made that that interesting and demanded in the market, it is possible to earn not bad having released a token or to create the cryptocurrency.In the future I think many will create for themselves coins.

[redoxet]

At the moment, in 2018, It is the most profitable to buy Ethereum cryptocurrency, the payback will not take long to wait.

[caeles]

Profit. They have thought of making a lot of money for themselves. They thought that it will double or triple their money. There's also some intention of scamming investors to earn more.

[btcmmo847]

In my opinion is the money. Some want to finance their projects. Others want to make money fast. In my opinion, we should stay away from such currencies, and invest only in highly-developed teams.

[goldenmistletoes]

People want to create their own crypto because they see its potential. Most people also think that cryptocurrency is the future and everyone wants to have some of that future. More and more people, companies, and countries are already adapting crypto in their system thats why having your own crypto will help you adapt to changing situation.

[rbindac]

They create their own coin, maybe because they want to belongs to successful coins. There is nothing wrong with that. Each of us has a dream. You can expense for that project but if you can do it great, all your effort will pay you back. You can earn a profit from it.

[vukopol]

I accept, in light of the fact that the market is digital currency - it is money escalated and there is a chance to make a benefit by misdirecting individuals. They make non-existent undertakings that are just on "paper" to draw in financial specialists and make a benefit, and have no further advancement.