The Reason For Creating a New Cryptocurrency?

[yusupjatigumilar]

this is true, at the end of last year there were more than a thousand cryptocurrencies that were created and traded on the market, of course this is a tangible form of the development of the digital world in blockchain-based finance, many people are interested in creating cryptocurrencies because see a very rapid development in the business world that uses blockchain technology

[Fitrilalala]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

people do different idea and different way to use cryptocurrency, many new coins with different project which could help and solve a problem in different way. I think the more new coins is positive cause it mean many people trying to compete in crypto world and new coins mean a new start up company, they not going to last if the project is useless. So in crypto world the competition is really hard.

[Hobo66]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

Creating lots of cryptocurrencies makes no sense to me, there are already a thousands of cryptocurrencies out there and most of them are not legit. We don’t even know which ones to trust any longer apart from the old ones such as Bitcoin, Ethereum, Litecoin, XRP, Dogecoin, Bitcoin Cash and the rest of them that are popular and have proven to be reliable. So I don’t think there is any need to create more cryptocurrencies, only Bitcoin is enough for us.

[RippleSpaset]

The popularity of cryptocurrencies is due to many factors – they are anonymous, many are decentralized, allow you to conduct fast transactions with minimal costs.Currently, many companies are interested in the question of how to create a cryptocurrency to use it then in payments to customers.

[Mikado_]

People create a new cryptocurrency when they have a new concept, or a new solution to an existing problem.

[sinta23]

the reason they created the new crypto was because they saw bitcoin up to now and was in great demand by people. so the company is always looking for opportunities and plunge to make crypto, and the crypto will increase.

[vvvvictoria]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

u r right

[DrYe5]

The popularity of cryptocurrencies is due to many factors – they are anonymous, many are decentralized, allow you to conduct fast transactions with minimal costs.Currently, many companies are interested in the question of how to create a cryptocurrency to use it then in payments to customers.

That is true, for me this is more the case of companies that are trying to reach crypto but in their own way cause thanks to that they could control all the transactions made by their customers.

[Blowon]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

If those people have interested in new of cryptocurrrency, that is are one proof are blockchain is usefull in all aspect. Easly to use, instantly, more benefit with blockchain services. althougt many those creator seems like have a trick in fenomena for scaming people.

[tylerderden]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

The new cryptocurrencies are made to solve a problem but the people are greedy and copy the previously existing projects to make a new project and monetize on it and that makes another cryptocurrency, this creates spam in the market and that's the reason why more than 1500 cryptocurrencies are currently being traded inside the market. Only a few cryptocurrencies out of all these thousands crypto serve the sole purpose of rooting out the existing problems in real world and rest are just waste.

[Ebihsu]

They created a new altcoin of the ICO is to get money, to create a product that will they develop. But today many who make the ICO just to earn some money and deceive many investors. So as the impact a lot of people tend to be afraid of investing, this thing appear with price crypto That become more bearish.

[SunJAB]

the reason they created the new crypto was because they saw bitcoin up to now and was in great demand by people. so the company is always looking for opportunities and plunge to make crypto, and the crypto will increase.

Simply, its immediate profitability is extremely fast. And the capital mobilization is extremely strong, so the new currency racing each other born. And the last participants are those who suffer. We need to have good skills and knowledge to avoid losses.

[lixer]

The popularity of cryptocurrencies is due to many factors – they are anonymous, many are decentralized, allow you to conduct fast transactions with minimal costs.Currently, many companies are interested in the question of how to create a cryptocurrency to use it then in payments to customers.

There are different aspects of bitcoin and people like them in different ways. But for me, I think people love bitcoin and that makes it famous for one reason mostly, income source. If you make some good numbers of research from users, mostly people consider this bitcoin as source of income rather than any payment method. But yes, like you have said, companies are adopting their systems to bitcoin for better payment methods.

[MaryKiTy22]

The reason for us to create the new crypto is that we want an improvement in the virtues and crystallization of information technology applications into digital money that will help the first market better digital

[Barcode_]

One of the reason for creating a new crypto-currency is because some companies might be trying to create a new product or services which could benefits the users who will be using those products or services in the future, and the company would requires a lot of funds to fund their projects in order to proceed further, so they would usually launch an ICO project to sell their ERC 20 tokens to investors who are interested in their project.

[Starving_Marvin]

The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?

Those can be really multiple and people will try to make a cryptocurrency in order to achieve their goals or just to make a World a little bit better place to live in and it's a noble goal in my opinion.

[cryptocurrencyguru]

The reason is to create cryptocurrency is issue tokens for their technology development which will happen only by issuing their own cryptocurrency in the coming days many major companies will launch their own crypto currency

[tayogpanganiban]

Because of the initial coin offering method which cryptocoin uses to raise money.New crypto also attracts investors.Also, it aims to protect investors from fraud.

[Finestream]

The reason is to create cryptocurrency is issue tokens for their technology development which will happen only by issuing their own cryptocurrency in the coming days many major companies will launch their own crypto currency

Yes i agree.With this new blockchain technology we are into right now,i believe more big companies and institutions would be interested in using cryptocurrencies to cater for the incoming cashless society and even make their own cryptocurrencies that are more firm and more improvised compared to other cryptos.

[PlusOne88]

For me there was nothing questionable about it. No matter what might happen to the digital coin it is nothing really new. It is business and money is the reason why they are sprouting like mushrooms anywhere and everywhere. It is only secondary to say they are creating coins to make life comfortable.  Analyze things as if you are digging for a treassure and youll find that it is money that they are really after.