Why creating more coins.

[yescrypto]

Why won't they creating more all those scammer are scared of being left out of the game, what I see now is that more scam projects are coming in and they're ready to drain people off their pockets in hoping the new coin will recover them from their lost.
you are right about why we can't all agree to take bitcoin and ethereum to the next level so that the existing projects can be more valuable as well.

[prrlc]

because they have a diffrent purpose or vision in their project thats why new coin created

I agree with you but I think it is very big reason for the all market decreasing. Because people do not trust the cyrptocurrencies and new projects because of new coins.

[derihendra]

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.

everyone wants to jump in and make a profit by creating lots of coins, that's a natural thing, crypto is now the same as the industry, who's the project is good, he's the winner

[randyg29]

I've been wondering to that idea too why people are creating their own currency and then I realized that why they are making their own currency is because the people are not satisfied in other currencies that are created that don't reached their success in the market and in some investors that they wanted to invest to their projects.

[Demirung]

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.

everyone wants to jump in and make a profit by creating lots of coins, that's a natural thing, crypto is now the same as the industry, who's the project is good, he's the winner

like we have seen a newly forked Bitcoin SV (Sh*t Vision). Craig just a kid and wanna make some spare money on crypto.

[MOBbrothers]

Its about the competition. Those developers have seen the potential of bitcoin and they are applying what happened to it and looking forward for a better result.

Aren't you curious that each of them calling themselves that can replace bitcoin in the future and better than it. They keep on creating coins with that mindset and each of them think that this is the chance for the emerging tech to take over and their creations will be the one that will be on top.

which will not be possible No matter hard they tried because they are all imitation. they kept on copying each other in terms of strategy, business plans and ideology. the first 20 coins in the crypto ecosystem has shown there uniqueness and there different ideology and that's why there are ahead. the little problem facing those project at the top is the idea behind the forking. this will give hope to uprising projects.

[Amberum]

I can suggest an idea to create new coin with it main function to accumulate all altcoins and then convert them to Bitcoin or maybe to Bitcoin Cash or maybe to XRP, no better to Bitcoin Era.

[Genemind]

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.

Developers want to create a new coin because they want to earn money. Developing a new coin is one of the best way to earn money. I think creating a coin during this market situation is risky because most investors are keeping away from the market. However, since the market price of the main crypto is really cheap, once the market price recovers the money they will get from the ICO will also grow.

[#Darren]

Because people are blindly investing in every coin and this motivates the devs to create more and more ICOs. Just spend some time on researching the project and you will see that even the half of top 50 coins on CMC are not worth investing.

[abramstoms]

 I spend time researching the project Precium Foundation what do you think about it?

[HSRP]

Each type of coin produced has its own advantages and disadvantages. The digital environment is selective as well. It will select the most profitable coin and vice versa, so it should create more coin. than

[nadyn]

The tokens created in the projects are the main economics of the project ecosystem; accordingly, each project creates tokens, and we see how the number of tokens increases every day!

[danfred]

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.

Coin creators seem to be children. When they are tired of playing with one token, they create another one. It is stange and awful trend.

[jt byte]

I do not see any problem with having more cryptocurrencies and tokens. Tokenizing the world, this is the future. Everything on blockchain and everything will communicate together. Why not?

[smoker36]

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.

Every celebrity tries to create own token, but none of these tokens is demanded. It is one of the reasons for curreny crisis with the cryptocurrency market.

[Kevinatin]

https://aws.amazon.com/ru/managed-blockchain/
Amazon launched the test "blockchain-as-a-service". You just need to choose a platform (Hyperledger or Ethereum), invite other users to become a node and you can begin deploy your own applications. Perhaps coins will be more now.

[SvetikB]

Coins are just the reflections of the projects. Actually, not all the projects need their coins  to be traded, but they are needed for investors and bounty hunters

[cryptonewsID]

why are there many new coins? everyone is focused on ICO, ICO is a new coin contributor and many people are successful because of the ICO, so this is the beginning of the impact of the many coins that exist today, and will continue to grow.

[Herp-a-derp]

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.

In most cases, I cannot understand why some new coins are creating, if they have practically no new technology ..

[dimonarka]

Because there are many different purposes. Many projects and inventions do not yet have their own coins. also this is done with the purpose of earning money