Why peoples launching more coins everyday ?

[xsahlanx]

It's good times if somebody launch more coin everyday and i can spend my time to join that bounty campaign. So more coin, let's get token

[audrey12]

With the emerging market of cryptos it is really a great opportunity for developers to create their own coins and take the chance to become a big hit in the future and probably make them an instant millionaire. The market of cryptos are really good at this point in time no wonder many people want to take a shot and hoping they can earn what bitcoin has reached.

[novocaine]

the free cryptos and icos market will increase the request of new coins, just be careful to which you would to join

[iigor]

The crypto market is expanding every day and the demand for new coins is growing, as well. Some of the new projects are counting on pure speculation, but some are genuine projects that raise money.

[Nrcewker]

i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?

Well, you surely need some initial investment to hire a coder (if you're not a programmer) and pay for some good HR. Then it is better if you have at least something special about your coin. This will help you succeed, As for the finances, a lot of coins are crowd-funded (ICO projects) and with nice advertising and some idwas that can help to raise incredibly good amounts of money. However, I think there are too many coins already and they rarely make a difference apart from just being out there for trading, so please don't create another one just for the sake of doing it!

i am not gonna make new coin i am happy with existing i am holding i was just confused

[andor.gellenhidi]

I think that the answer to this question will be money. Because now people are increasingly creating empty projects that actually can not live for a year, because most of them are just an idea and no more, but of course there are real projects that can really surpass all our expectations, but everything equally they do it for the sake of money. Only a small part of people really do it for the sake of people.

[maxj57634]

if i launch my own coin how i will get profit ?

It depends on how good the coins that you are making. There are certain type of investor that look for a specific road map for the coin before they invest. You will get profit if your coin manage to get into the market because coin developers 1/4 or more of the coins that is out in the market.

how i will manage development and other expenses ?

You will be needing a lot of people to do PR for your coin and team of other developers and staff because you cant handle this job alone. So for expenses you will be needing a lot of money.

for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?

There are various rumor saying that Satoshi owns half of the bitcoins that is out in the market i dont know if its true but if really own them then your question has been answered.

[Panteleymon]

If you are going to release your own coins and do not support them with any base, then this whole system is just a pyramid, which is becoming more unstable with growth. Your coin should always be backed up with something more weighty than your word of honor. It takes at least some idea, tempting investors. And best of all it is clear and specific goals that will benefit or benefit. That is, not profit for the sake of profit, but benefit from the result. The organization of services or a real product gets more confidence. Many systems are built on this principle. Make life easier and easier, you will be invested. Therefore, blockchain and cryptography technologies are used in all kinds of activities from services to production.

[kennyy2929]

is it like in the real world, fast food is trending then u can see more people opening fast food? and when the hype is over, they closing one by one??
is it the same theory??
that's what my thought but i am not sure if it's correct.
i heard from some people says, 90% of the coins will shut down in 1-3 years.

[BlackBoxRecords]

Hello
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?

for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?

please explain in details if you know near me there is lot of expense

Please, do the world a favour and unless you are creating a technologically superior coin with an innovative use case... please don´t create yet another coin. Or even better, unless your coin cures cancer, just don´t do it.

[Leocrypto da Vinci]

Most ICO have nothing to do with currency, but it's just a way (a very good, one, I think) to finance a start up with a good potential to grow.
In these cases, coins are very similar to shares, and you can trade them as currency.
If you want to launch a coin, it's best to be sure that there is a good project behind.

[andor.gellenhidi]

I think you understand what the answer is, I think everyone already understands. Of course, there are few such projects and people who really want to bring more joy to this world, most likely more than those people who just want to raise money and live richly. Therefore probably there are so many coins.

[maverickasf]

Hello
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?

for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?

please explain in details if you know near me there is lot of expense

For profit. But there's nothing developing new coins, it's like putting up a new business. And it's better that way so people cannot monopolize it. The only way we can do about it is to make sure that new one is backed-up by a good team. For ICO as an example, you have to see if that project is feasible and useful. Make sure that that project will keep hold on its promises.

every day there are dozens of projects with incomprehensible goals - mineral water, a restaurant, a game.
there is a feeling that the fundraising is aimed at itself, rather than on some result / specific product

[Andrej Peiboski]

Well, people discovered that ICOs are just a comfortable way to finance a start up, so there is no real intention to create an usable currency.
Btw, if the project is good and the company has a potential to grow, I don't see any special negative aspect in this king of crowdfunding.

[amybitpro]

They earn a lot of money then launch new coin or ico.

[Von Braun]

In my view the answer is tokens are the marriage of currency with software developement life cycle. According to the software development life cycle we are in the period of "let a hundred flowers blossom" phase where the market does not know what works and is open to many different solutions.

The reference is to a speech Mao Zedong's made in February 1957:

"Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting progress in the arts and the sciences and a flourishing socialist culture in our land."

[SimplyEverything]

Most of the coin out there are junk... They basically has the same function as BTC they don't solve industry problems and launching a coin dev will want to host an ICO to gain a startup fund. After that some dev will work hard others like ETN won't ETN was hyped and it's a fork from Monero, they raised 40m USD and the work is forked from Monero and mobile mining is the golden feature but it doesn't really mine its just a simulation of mining therefore ETN I would say it's useless, unless they are going to add in more use case.
If you want to create a new coin make sure it solves the industry problems and has use cases that's how your coin would be successful.

[adarwis]

if you have a coin, it will not be all the coins you will spend, there will be coins for development, that's one advantage I think, if you have 5% coin from total supply, there you can take advantage.

[BlackBoxRecords]

Hello
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?

for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?

please explain in details if you know near me there is lot of expense

At this point people should be considering if their coin has any merit at all. But more than the people who launch new coins, I would strongly advise everyone to think twice about putting their money of productless and featureless coins.

[HodlerBaggins]

Because there are millions of idiot suckers who buy and mine pre-mined scam coins and just dump money to these shitcoin-producting scammer devs.

There is a sucker born every minute, and a lot of devs are taking advantage of it because those suckers don't know a fair launch when they see one.

The devs premine a bunch and then dump it once it gets on an exchange.

The ANN thread is just full of complete shit.