Why creating more coins.

[Desscount]

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

there are many factors that cause the emergence of new coin coins. yes, innovation from crypto developers continues to evolve with time, but not everything will go according to plan and certainly not all have technology. there are many different debates but there are always benefits and negative sides. I think like that

[drmasa]

It's like asking "why do you create ethereum when you have bitcoin"! Every coin represent different project. And yes there are a lot of scam projects but you have to choose carefully. You don't expect that crypto stop evolving now?

[asus09]

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

I think this question is difficult for us to answer as bounty hunters. the fact is that every new coin is made involving innovation and technology products. each company bearer has a plan such as vision and mission to make the coin useful and has a high price after entering the market. I guess so

[Cmoh]

The term coin is synonymously used for the word token. Actually, communities are creating the token as like the company creating new shares. Here, by the way of ICOs startups are pooling the investment funds by creating new tokens on the Ethereum blockchain which will get the same features as like the ETH coins that are easily transferable and liquidating.

[carrigan]

In my opinion, every company that creates the new coins have their own concept. there are many more coins that grow everyday with the different platform and concepts. Many new coins that are created because of the huge possibilities for the to grow very well in this crypto world. As if the coins are promising, why not?

[Tarion]

Every company that is going to hold an ICO, deserves a chance to be respected and heard. They need to do their job, develop a good product and they will find a lot of investors. Such altcoin cannot be a scam.

[Jianailiang]

New coins help make better changes in the world. The new coin will resonate with investors. This is a racing game where old coins will be overtaken.

[blackandwhite89]

Everyone need to to research broadly before holding any new crypto because there are many duplicate coin and many are fake mean scam. So if anyone not careful about new coin they want to hold they should be cheated sometimes.

[Omela44]

Actually, the new coins are only made to earn money, or? Most of them are just clone coins anyway and do not bring any news. At least that is what i think when i look at most new coins.

[Altryist]

Lately, the impression is that a large number of tokens are being created precisely for the purpose of deception and profit in the same way. Previously, there was no such thing, but now the project scam is full and I don’t know how to protect myself from this. So many tokens are not needed, that's for sure.

[learningcrypto5421]

This is nothing but competition in market. when developer invigilating the possibility and potentials of Bitcoin, they also think for a new crypto with updated features to compete with existing coin. Still in market there thousand of cryptocurrency, stilly developer developing new currencies.

[RudeSlider]

There are hundreds of crypto coins around the world. Some coins are only for a nation but most of are world wide. Developer still launching new coin in market invigilating the potentials of Bitcoin in market. All these coins wont last longer, some will turn into scams.

[Fritz93]

New platforms, new products are being created and, accordingly, each project creates its own coins. Another question - will this coin survive in the future? It all depends on the developers and how they will work in the future.

[easybtcearn07]

This is the world of competitions.Everyone want to win in this race. There are hundreds of crypto coin in market available but still developer developing new blockchain and coins. They are doing experiencing the potentials of bitcoin. Every coin wont last long but some.

[teosanru]

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

No one can ask people to stop putting efforts into innovation. If someone comes up with an interesting idea, that person is going to take this route in order to raise funds. This is by far the easiest way for anyone to raise funds.
I agree that most of these projects end up being shit projects and become absolutely worthless, but that is the fate those coins will get if the project is not good enough.

[blackmagic111]

That's not a big deal to increase the number of crypto coin but released crypto need to be relevant and promising otherwise it's make gurbage on crypto world and deginitely that's shouldn't a good for crypto.

[Jannn]

Greed.

Have you seen some of these coins lately bro? I mean, what the hell, they're literally making coins for anything you can think of.

I mean there's even a blockchain for registering your animals, how ridiculous. Just because blockchain is good for data storage, doesn't mean every niche under sun needs to be blockchainified!

[GhostKnight]

Different companies create new coins and make it public for the people to invest on. And if it makes a good fortune on the market, it will be established as a good coin. That's a simple policy.

[Vipersia]

This is the same question i have been asking myself again and again. Maybe it is just a marketing policy for the newer companies to make their coin popular in market.

[Absolutep]

As much as we need competition to get the best out of crypto space because when you have s new project, it will help to develop on the existing one,but the rate at which we are having new coin in the market is not helping the set purpose of cryptocurrency.