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Author Topic: Why people try to create their own coins?  (Read 10893 times)
Dreamace7
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September 07, 2018, 05:17:11 PM
 #1441

Some developers can come up with an upgrade to an earlier version, and tbere is so much potential in cryptocurrency and there are still innovations to be derived from it.

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stas.dron
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September 07, 2018, 05:18:16 PM
 #1442

People look at the market and understand that they could have more profit with their own coin
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September 07, 2018, 07:08:25 PM
 #1443

Because it is beneficial for your own enrichment, to have your own currency and distribute it to other people. And then raise its value, and get superprofits.
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September 07, 2018, 07:12:44 PM
 #1444

the reason may be that they want to know how and practice to make their own coins. and I am sure there is pride if they succeed in making their own coins, if not used for crime I think that is a positive thing because it enhances one's insight

 
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seggardinggins
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September 07, 2018, 07:44:32 PM
 #1445

the reason may be that they want to know how and practice to make their own coins. and I am sure there is pride if they succeed in making their own coins, if not used for crime I think that is a positive thing because it enhances one's insight
besides, it is very profitable if the coins they produce can develop because they can get big investors to develop their projects.
this is a very good method to get funds because there will be many people who are interested in investing if their project has a good concept and has a great team.
we all know crypto is a good business especially for new companies.

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September 07, 2018, 11:38:40 PM
 #1446

For some people to create their own cryptocurrency is something interesting and new. Some create it for fun not hoping for any benefit, and for some it is hope for big earnings.
arakuns
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September 07, 2018, 11:49:10 PM
 #1447

I think it is because they see the potential of realising a lot  as soon as they create and release their own coins. If a project is legit or valid and has a chance of gaining success, people will certainly invest in that project. It might my tedious to achieve a successful ICO project but most of them put their all into it because they know it will yield a lot for them at the end of the day.
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September 08, 2018, 12:27:02 PM
 #1448

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
It's not for nothing, they are trying to make money or scam people out of their money. It’s a noble cause, some coins are moving technology forward, not all of them are copycats.
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September 08, 2018, 12:39:21 PM
 #1449

I think a coin making is a public facility that is made to make it easier for people to do a project today, but not a few people who are not responsible for cheating to make money
FilliDorros
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September 08, 2018, 12:45:36 PM
 #1450

Some developers copy other people's codes, hoping to make some improvement. And some simply do not have experience in programming and want to earn money.
There will always be a lot of people who will invest in the project without understanding it, thinking that would get them a big profit. Many of them will lose money.

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Karie_Legend
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September 08, 2018, 12:45:59 PM
 #1451

the reason may be that they want to know how and practice to make their own coins. and I am sure there is pride if they succeed in making their own coins, if not used for crime I think that is a positive thing because it enhances one's insight

If it benefits him and others it will make good benefits for everyone but making coins valuable is not as easy as what we describe.
Sone11
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September 08, 2018, 01:05:26 PM
 #1452

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

Yes if they are just a copycat. Maybe they want to topple the other with a matter of execution. But this is really irrelevant and would just pollute the space. However some maybe just an upgrade of the previous ones so it's alright.
lollosss
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September 09, 2018, 01:54:36 PM
 #1453

These are people who are unlikely to understand the process, like Olga Buzova and want PR, or are serious leaders of large corporations that are aware of the business risks and the necessary investments.
odranoel
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September 09, 2018, 01:57:01 PM
 #1454

People try to create their own coins, because they want to be rich, they want to be familiar, they want to be more powerful. However, this kind of like copying a product will lead them into a wrong way, wrong path and they are not successful.

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Haterstestbtc
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September 09, 2018, 02:08:08 PM
 #1455

Well, people try to create their own coins or tokens because they want to participate in the popularity digital currency with their own product. This is why every country and business minded people they have their own choice of coins which is very essentials to be funded by the fellow men.
kz06
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September 09, 2018, 02:09:34 PM
 #1456

The main key factor behind is to gain money.Some ventures are valuable,successful generally fail.Now a days a few organizations are additionally include to make their own coins,in along these lines they accumulate clients,which pull in their items as well.Some individuals assemble numerous individuals to engage,register coin on exchanges,pump it lastly flee with parcel of money.So the essential motivation behind making coins is to profit.
Aleksandr_ov
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September 09, 2018, 08:39:04 PM
 #1457

many decided to create their own and something big, that's a lot of coins, just a lot of people who cheat
Samkol26
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September 09, 2018, 08:57:22 PM
 #1458

The main reason for those type of coin is to scam other people.  I see many coin without a basic idea everyday.. Most time it's a copy of other people's ideas,  it's just all scam

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September 10, 2018, 10:16:45 AM
 #1459

Maybe they want to be popular and rich, maybe they want to makke a contribution to the crypto. Anyway they will bring something new to the cryptomarket.
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September 10, 2018, 02:22:25 PM
 #1460

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

There are so many reasons but some people are not willing to take the time to solve a problem with their projects. They take advantage of the greed of some investors who don't take the time to evaluate a business but focus on just short term profit

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