The Reason For Creating a New Cryptocurrency?

[Mytoken]

It is unfortunate that most merchants now create new cryptocurrencies just to earn investors' money. These coins have no innovation!

[alyssajane1982]

It is unfortunate that most merchants now create new cryptocurrencies just to earn investors' money. These coins have no innovation!

There are lots of reasons why they are creating a lot of new cryptocurrencies, some want changes in the current project, some wants faster and cheaper coins and some only want easy money.

[Wexnident]

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?

I think the reason is the potential of the digital market and so many are trying to innovate the use of cryptocurrencies. New cyptocurrency are made to have a specific use in the market or business that is why there are large number of ICO presenting their ideas to the market. In some worst cases, there are lots of scam ICO in which they will run the investors money.

[jimmyd178]

Off course so many projects are scam, created for speculation, pumps, and when that is over, you won't here about the coin again, with the project technically over. It's good that people do thorough research before putting a dime into any project out there. Recently came across mfchain, utrust, are among few of the ideas working to make mainstream adoption possible. I'm looking forward to see cryptocurrency competing side by side with fiat.

[Kristinalopez]

To support a project and create a premise for the project to be successful. Creation of new cryptocurrency only stimulates the crypto market.

[policeoo]

They are way too many crypto currencies on the market today. Everyone thought they could trick people and get away with it, to make fake profiles, fake websites, fake ICO's and trick people to invest money in their supposed great and big revolutionary project with entire new fake coin behind it. There will be always people wanting more and more money, and finding opportunities to get some more money, free money. That is what fake altcoins are all about.

[iASIC]

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 a new electronic money is also a good decision because if that business can survive for years in the Crypto market, it will grow beyond the likes of LTC, EOS and Dogecoin. This is a potential market and offers many good opportunities for startups. That is why more and more ICO projects are launched.

[The_Dark_Knight]

I believe that 95% of all new coins are for the purpose of making money. To collect money from investors, to give in exchange coins that are not worth it and then forget for a year or more about all around, and then after a while to remember that can still earn this coin and throw it on the stock exchange and still there propampim coin, and then sell it there .... and earn more on this.

I agree that most coins are created with the only intention to make money for the developers, and all of the people that invest in the coin do not really care about the project either they only want to make money, and the traders trading the coin do not really care about the coin either they only care about trying to substract money out of the market, so we have a market that is almost entirely composed of coins that are useless and that exist only to make money.

[Cupomi]

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?

Yes, the number of altcoins popping up is due to their desire to raise capital, introduce brands and more. There are also those who are stalking prey to eat. So be careful with the new altcoins that aren't clear yet, maybe they just collect bitcoin and run away without any clarity about their coin program, but there are also those who are introducing new models with more attractive features like big Facebook entrepreneurs are also studying crypto also possible will launch their own crypto.

[Abu Shadow]

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?

It's normal in this world that people will ride with the popularity in every technology as long as they can get profits on it and this cryptocurrency is a good example. Sooner or later we will have many currency that will be available in the exchanges as we have no limit and no regulations in creating new coins or token. I just hope that a new regulation will come to check the legality in every project that will undergo ICO and to protect every investors from those fake projects.