Why people try to create their own coins?

[little.jane]

Because new coin created for some difference project. Like Lympo token for healt and ethereum for investing, so you can invest your money in the specific coin. That's why other people try to creat their own coins. So invest your money right now.

I am sorry, I won't invest money in some toy coins conceived by people without imagination and decency to create something useful for humanity. People are driven by greed, I am not playing into their hands and risking my money.

[1714800212]

1714800212

[1714800212]

1714800212

[1714800212]

1714800212

[1714800212]

1714800212

[1714800212]

1714800212

[manwithsuit909]

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

thought it will be a easy way to earn ,a shortcut to success
such naive thoughts

[futurefuturecoins]

People create their own coins only for the purpose of getting rich quick. I think it will benefit the crypto market. The process of self-regulation will regulate all the excesses that will occur in the crypto space.

[Quas09]

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

They made their own coins because they know to them selves that the coin will be popular, famous, and get a big success. Not all ICO's have the behavior of getting popular, most of the ICO's goals is to reach the soft cap and hard cap to have a big success and not to create their own coins. Did you get my point?

[Pechalka]

When you create your own coins, you can earn money from them. You don't need to buy other and trade something, when people buy your own coins for stable value.

[renault18turbo]

The idea of get rich was always on top, creating a new coin is also send sort of one of the way to get rich coz people buy hyped coins without investigating the project's background.

[dawai asmara]

The idea of get rich was always on top, creating a new coin is also send sort of one of the way to get rich coz people buy hyped coins without investigating the project's background.

there are many people who succeed in making big profits by making new coins and that is the motivation of many people to do it. but unfortunately they are not serious in handling the project. they just want to get profit from the person who is cheated. therefore if we want to invest in ICO, it's better to be careful and careful.

[@baoli]

The ideas and approach are always different some will feel they have more expanded market than others or they have better idea compared to the older ones. Coins actually needs to be improved continuously.

[CryptoTrip]

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

People believe that this is one of the best ways to make money, even if the product is not needed by anyone, because the goal is to raise funds for ICO, and there are few teams that really look to the future.

[yaayaa]

People try to create their own coins due to huge money involved and profits

[Broiler78]

I think they just want to copy coins that were previously popular so they can be known by many people. Maybe people who make coins want to compete with bitcoin, because bitcoin is not easily defeated.

[Yalovtsev]

And why corporations are trying to bring their companies to the stock exchange, conduct IPO, etc., so that their shares grow and more popular the company in the world has earned, and fame, as well as with Crypto-currency startups, its token is an opportunity to show the world their child,which they launched and made with their own hands, and many remembered them, and of course everything is done for profit

[lancer10]

There is so much greed in this space. It makes me a little jaded at times. I wish less people would try to print their own money.

It is a nature of things. We compare ourselves with others and want more and better. It will never end as long as money and people exist. Let them make shitcoins and go broke. What's wrong with it? Natural selection is good.

[beebee187]

I feel like most other businesses or investments, people create their own coins to reap financial rewards as well as fulfill a need they see in the market. Some will do well, others will taper off and die.

[KodyAaron]

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

Well people do that because they need to store them and make worthy of buying. Coins like Paragon, Ripple and Lisk are too good in the market.

[daporivera]

They create their coin to promote their project, get a huge people to buy them, list on exchanges. To them it is an easy way to make money. Most of this coins are copied from each other.

[Absolutep]

The major reason is to make money either in a legit way or illegally. Most of this coin are just out to scam people,only few are developed for the benefit of the community.

[shadowduck]

When a person creates an ISO with a great idea, they make a great contribution to the development of cryptocurrency and get a good benefit from it.

[oOVVVVVVVOo]

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

   All because just like they want to make a profit. There are many supermarkets in the world too. so why not make a lot of clone - coins?

[BobBct]

If you are talking about people just making their own coin is because they can, to make a coin you just need basic knowledge in doing smart contracts and you´re ready to make your own coin but if terms of profit and investing i´ll still recommend and always buy and industrial coin.