The Reason For Creating a New Cryptocurrency?

[pandanaran]

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?

First to do business, I mean competing in the digital world, then there are some of them that make new coin because to develop the blockchain technology which now may still have some shortcomings, there are some who have a reason that is because of money, those who develop the project and create a new coin can generate enormous investment funds in crypto.

[localxe]

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 hate to see this new cryptocurrency with so many fake reasons! I want to make this real simple and short comment.
They are all liars, they even make it hard for new adopters of cryptocurrency, when this new users get brunt by this fake scam ICO's they go out to tell the world that cryptocurrency is a scam without having any knowledge of cryptocurrency, and facebook banned the ad's because of this fake lying and conning idiots.

[drm]

Main reason: greedy people who will try to steal people's money by lying and cheating online.

[BitBite5]

Everyone thinks this is the best way to make the profit without much effort. And some also belieive they might create new bitcoin.
But not every coin is successfull and that might cause a lot of losses, also there are many scamers who tried to gain illegal profit that way so be careful with these new coins that appear all the time.

[lelahkenabanned]

I think the main reason why so many cryptocurrencies are created is probably because of the problems that exist in the world economy and perhaps with the new token being created it can provide the best solution to the existing economic problems.

[Xenoph0bia]

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 hate to see this new cryptocurrency with so many fake reasons! I want to make this real simple and short comment.
They are all liars, they even make it hard for new adopters of cryptocurrency, when this new users get brunt by this fake scam ICO's they go out to tell the world that cryptocurrency is a scam without having any knowledge of cryptocurrency, and facebook banned the ad's because of this fake lying and conning idiots.

The cryptocurrency market us developing day by day and people are getting attracted towards them everyday.New cryptocurrencies are being launched in the market.But I do not think that there is any need now to form a new cryptocurrency.There are several cryptocurrencies like bitcoin,ethereum,litecoin,ripple etc which have captured the market with the help of their great profit returns and that too in a short period of time.These are an easy source of earning a lot of money.

[thutrangnt]

Because it's too easy to scam other people money with fake ICO

And you need a new cryptocurrency to call capital for your start-up

[ajuelnah akun]

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?

teantu to make a profit with ICO, looking for many investors.
but unfortunately this time it is in misuse, I have seen a lot of scams on behalf of ICO.

[aliraza6663]

The main reason to create own crypto currency is to get more control over internal financial structures.

[phpartisanmaster]

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?

In my own opinion, the main reason why there are always new ico's that is starting every month is because there are people who wants a business that is related to cryptocurrency since they want to be successful just like how bitcoins is growing today in the industry.

[liseff3]

Each new crypto currency, expected to improve the existing deficiencies in the crypto currency before, then in every appearance, they are often accompanied by new ideas and innovations (little change from previous innovations). But for myself as good as anything the innovation they offer, not the guarantee (not the right answer) that his project will work, however it all depends on the developer side of the coin itself.

[wuvdoll]

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 most of it comes from solving an issue. You have to understand that coders are people who see a problem and they try to fix that problem, more than coding they are problem solvers and hence when they see a code and a coin on that code they see the problems of that code and try to solve that problem on that coins code.

Since they can't fix the problem from that coin they fix the problem and put up a new coin with no problems on it and solve the problem with a new coin. Of course there are people who just create a new coin because they want to take your money and get rich as well.

[SirLancelot]

The main reason for creating new cryptography is the change and improvement of electronic money technology, and the is still profitable.

Humans are always prone to change. They prefer to adopt changing and variety. Assume a world that is still and not flexible. It isn’t changing and things are quite same each and every day. But we are livable just because of something that comes to you knew. You might be fed up with chicken burger everyday as well. This is exactly the same in bitcoin world.

[kaizerblitz]

I think the reason is business people nowadays think that cryptocurrency could make them rich and they create there own cryptocurrency as will. They are need is investor and a community that could build there dreams.

[Danielreynolds0]

I think the Crypto market is getting a lot of attention from business enthusiasts. Because ICO is a system that attracts investment capital online and has a lot of workforces to promote new projects. in which some people are making such coins used to make a lot of money for themselves and not in it for technology and for the future of crypto.

[Anewor]

For me it is not questionable but something very much expected of people who have thoughts of earning money for a living. If you can only observe how a successful product or store get imitated for the reason of gaining the same as those who have been successful. Look at brand names of products and you can see the successful ones got paired with the same product and an almost the same name. The reason was simple it has to make profit by joining the popularity of another product. And hence the name was made as close as possible. I think digital currencies are this same in nature.

[maydna]

I think it's because people want to make more money. and if from one thing they can make money, of course, they want to make more money. this will attract them to make another new one which can help them to make money. besides that, I think they create a new cryptocurrency to help people's lives and makes their life easy. maybe this is something new for them, but with the time goes, people will realize that they need that things to help them and they can use it for their life.

[Cuneng10]

Usually they resolve some problem from their research also have good product

[Legone]

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 they understand the great performance of bitcoin and altcoins that really useful and profitable that it could help us and to develop the economy, that's the possible reason why they create more cryptocurrency.

[skaynet]

I think the main reason for creating new coins is for faster payments. to create an ecosystem of a project that will be valuable in the eyes of the world and there are also reasons for fraud such as dumps and pumps