Why people try to create their own coins?

[Ragnar Lothbrok]

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

maybe they just fad and to spend their time so they make their own coins, or they want to do a scam by making their own coins (but hopefully this isn't true).

[Andrey995]

People want to be rich and this is the most incommon reason, Creation of new coins is a good way of earning money

[Question123]

People want to create their own coin because if possible the coin they created it will become successful and become high price they will earn more money. Like what happened to bitcoin and satoshi nakomoto earn millions or billions of dollars.

[stas.dron]

People think that they can get a lot of money when they create their coins, but there is a lot of fakes on the market so be carefull

[Baimovic]

People think that they can get a lot of money when they create their coins, but there is a lot of fakes on the market so be carefull

Yes, there are many people who make their coins because the results can be greater than the coin-making funds. there are also some people who really want to realize the project they planned but there are also many people who just cheat. So exactly what you say, we must be careful when investing if we don't want to lose.

[Riddikulo]

The market has over 2000 coins now. I am sure that at least half of them will vanish in the nearest 2 years. Top-100 will survive, and they have all the chances to gain. I am dealing only with these alts and BTC.

[vfrcbv911]

I think it's about what they want to earn. Most people create their coins for this reason.

[reverseflash]

If we consider the situation as a whole, we can distinguish two directions. In the first case, projects create their own coins for investment and development of their project. The second case is fraudsters who are trying to fool potential investors.

[gerjiss]

People always want to get more money, and one of the most popular at this time and relatively simple ways is to create (supposedly) a project and conduct an ICO. We see the result.

[popolite11]

First of all, for the sake of money, the blockchain technology does not need coins, they are only as a means of service, and I am starting out as an easy way to collect money. A lot of examples of projects that do not need their coins and prices are constantly falling.

Money rules everything. Those people that are working with the cryptocurrencies simply want to earn more. I do not think that it is something bad or good. They do the stuff that they can do. Everything is very simple.

[romanij]

If you were told that by going to the site and pressing 3 keys, you will earn enough money for a lifetime. Would you do it? That's what they do.

[zero714309]

When a token appears with the good reputation in the first,the others will follow,just copy and paste and no project that is clearly the developer is not really serious just want to find the advantages of public FOMO by relying on the good rating on the first ico. The public are accustomed with such as it is,when they are left with good ico and there any ico with similar with before certainly 60% he wants to follow the ico. In crypto it seems there is no limit make a coin it's just the top of the cmc it remains the best. There who just want to make a profit in the parties themselves without thinking project clearly and there are those who indeed want to make a token with good project in the future.

[sinkfish]

think from coin creator perspective. what you get from coin. what you can offer to coin investor. you will know the answer.

[FirstCryptic]

Creating new and new coins brings good condition to the crypto market. Altcoin saturation will increase to a certain value. Then, on the principle of self-regulation of the crypto market, a further decision will be taken independently.

[SkillOfToper]

Because this is another way for earning money with crypto and people want to be rich. While people will create something new market will developing also!

[md mohib]

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

Because who guys trying to millionaire. I agree with you nowadays a lot of random people's creating token and make develop scam ico project with fake team management.

[ivannalog814]

Someone just interested in creating your token and someone creates a great project with a great idea and technology ! How many people so much and of views !

[Xcode7]

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

Because who guys trying to millionaire. I agree with you nowadays a lot of random people's creating token and make develop scam ico project with fake team management.

it's very annoying because many people are deceived. whereas in my opinion if they are "token makers" want to make the platform correctly and focus on raising the project they make their wealth more. unfortunately they prefer to make money quickly and in a negative way that deceives many people. very annoying because their behavior causes developers who want to do the right thing is hindered because investor confidence is reduced

[edynolan]

They don't just waste their time creating shitcoin, they are making money by doing it, but it's not easy, they will manage to build a community, that will invest in their coins, and after that they will just abandon their own created coin.

I also think that even making a shitcoin requires some skill and determination, and it is not easy, I agree. But people are driven by greed and this will never end.

[yora12]

this  is  crypto  the  world  of  technology  and  the  reason  that  they want  to  make  their  own  coins  are because they  want to  make  more  profits  and they  try  their  luck what  if  it  goes  good  they will be  very  rich  so i guess  that  this  is the  reason.