Why creating more coins.

[ottogary]

I think Cryptocurrency project is similar to a country that have their own currency. That way they would be able to manage their internal system and maximize them just as what they need.

[billy.ryoko]

It simple, they want to earn more money among the ICO, even the ICO reached their hardcap, all those companies have earned the big money, and they can sustain and develop the project, anyway some scammer have stolen all the money and never active again.

[andreijoaquin]

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.

This is the market of cryptos and so as the world of business...since many developers wants to gain success bitcoin has which make some multi millionaire they start creating such coins hoping in future time it will lead to the same path bitcoin has. But the idea of focusing to one coin is good that is if the supply is not limited and enough to support the growing demand.

[Vipersia]

Crypto currency increasing rapidly and lots of them are not useful. But some of them really improving and seems that after taking some time they will be promising crypto like ethereum and bitcoin.

[canaveralnonie]

They create more newly coins because there's a lot of good idea and services that is deserving to develop around the internet using the crypto process. Well, its good to be in crypto market because your potential costumer is those people around the world. Also, this kind of process is in demand to lessen the effort, time and fee of course. The is the main advantage of crypto that's why they want to create more to benefits on that easily.

[silver23]

Create more coin is sams like we have some ide and making it with blockchain.
When it be that why we need a coin.
In this world cryptocurrency just have a begins and will grow more and more again.

[delton22]

There are so many sectors of the economy and lifestyle that needs new coins. Very soon cryptocurrency will be Globally adopted and every coin will have a special use case assigned to it. Example Traveler token will be used to pay for travels and hotel bookings, etc. And so does other new coins. Capische

[Ultimist]

Each new project has some useful idea. And the coins that this project produces are designed to help in the implementation of this idea. And these coins are really very much. But who knows, maybe some of them will be able to get the same great popularity as bitcoin or ether.

[Lucas777]

Exists a lot good the ideas and projects which lack financing. On it they create the token and sell them to all as a part from future profit from the project.

[Oilacris]

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.

ITS ALL ABOUT MONEY!

This is why we do see lots of coins in the market and most of them do end up on being a trash or garbage due to repetition of ideas that it gets from other projects and so on and besides you cant really stop developer to create their own coin wishing up that they would really end up to become the second satoshi nakamoto gaining its success into its creation.

[DarkDays]

There is no reason for most cryptocurrencies to exist, most of them are just quick money grabs looking to fake demand in order to grab as much money as quick as possible. You can just look at projects that launched early last year and see where they are now, most of them are in the bottom 500 market cap, pretty much making them trash coins. Next year look at the coins that were released this year, and you will see the majority are trash again.

[ityandsyn]

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.

      They are making business in ICO and every ICO project  have their brand new name of tokens so this will automatically added to the existing coins perhaps bounties are benefitted on it , but despite of the saturated tokens in the market , these new coins will become very popular than the old ones .

[dr_chen]

The reason for creating more crypto stems from the fact that everyone wants to launch their own project. Teams try luck. Those who cannot make the conditions for success of the coin or token are melting in the market.

[christofyler]

The more the coin the higher the competition, there are lots of coin trying to over come bitcoin and Ethereum so for every coin created it has it own purpose and function.

[TomArayaSlaya]

different functionalities and also community and developers some coin are more stable than others

[trobbert]

I think creating new coins is like an insult for crypto users. I am not saying that all of coins are bullshit,but major part of them does

[qtronix]

Someone wants to create something of his own, comes up with a unique idea, creates his coin, launches ICO. Hence, such a large number of different coins. But the problem is that not everyone is able to realize their idea and coins of such a project become useless.

[tarable]

The more the coin the higher the competition, there are lots of coin trying to over come bitcoin and Ethereum so for every coin created it has it own purpose and function.

we think it's true, with so many competitors right now there are many coins that are circulating today. the longer the development and competition is increasing so high.

[poodle63]

I think Cryptocurrency project is similar to a country that have their own currency. That way they would be able to manage their internal system and maximize them just as what they need.

They can take their opportunity from crypto on their own way. Remember these guys are creating more coin and then try to use it to raise the funds from investors.
This is just an old trick for me personally and i can say this can't be done so easily. But you can see that how many people have created their own one and then it has been fallen and becomes a failed coin?

[catapult]

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.

Although there are mainly very bad and useless altcoins, we can see some good, successful and lucky new coins on the market. Despite this situation, I believe that some of the new coins can give very good profits to their investors.