Why creating more coins.

[adzino]

Each coins actually have different features and varies from each other in different ways. They also work differently. Coins that are same or clone to other coins are just some shitcoin/scamcoin. Those coins have unusual values and eventually dies soon.
Honestly, there are tons of altcoins, but only the top few coins will survive since most of them serves no purpose. Others will just be less valuable or completely valueless.

[Ayomiqueen]

Life is all about change and if there is no problem then their is no solution , there must be a problem before solution can emerge which is why we are seeing many token to be coming out every single day.

Though many are useless but some will definitely be a problem solvers, we need more competition in the market which will make it stronger but if there is view it will be miss used.

Many of the token coming out now that really want to solve problem see the bugs in the existing ones and trying to use that to make a new deal which will continue till we have another way of solving problem like new technology.

In line with the new token coming out everyday seems to also give chance to greed people which we can't eradicate and in the mix we will see the real project which is really here to give what we need.

[Eddyc]

In fact the amount of digital coins is reduced by the simple competing, but what does that mean by the theme of the subject? This means that there are 100 projects with different intentions and goals and the others are simple competition or proving some advantage in terms of speed. Overall I have no doubt if this amount of digital coins is needed. Yet it is only an orthodox view and perhaps the excessive number of digital coins will help in the near future.
 

[skip60]

Success of the coin depends on many factors: inovation, dev team, product quality, marketing stratagies and so on.

New products always appear, without new stream crypro cant last long. The other question is a year ago many good working products appeared and brouhgt profit in weeks, not even months.

 Now new tokens are 90 per cent garbage, but there will always be than 10 per cent wanted. Profitable minority. It is not an easy task to fish it in that crypto ocean. But it worth trying i guess

[karman383]

Actually they also have a goal by presenting new coins, with functions that are not much different from bitcoin. And in my opinion this competition is natural and natural. When new coins come into the market, it can be said as an achievement. So I don't think there is a problem that is too complicated in this matter, because basically everyone or team wants to become famous and achieve achievements in their own ways.

[alexrossi]

As far as I can tell, the market is full of tradable coins, but the cost to develop a new one is low enough to saturate even further.

[conanmori]

Due to crypto popularity many project are aiming to launch their own coin to the standard of their company. Some of them are not helping the Blockchain more likely they just making it worse by spaming more transaction that shouldn't be necessary.

Also many scammer creating coins everyday to scam people specially those selfdrop than making ETH fallin.

[IslandLady]

I think they think about more competitor. If they develop more coin more people investing in it and it’s create competition.

[blokceyin]

Why not? Everybody free to create their own business and as long as they find "customer" they can duplicate whatever they want.

[jpnl0002]

Its all about competition which is very common in businesses organizations and so on but my problem is this there flood the market and some do not even survive and do not even last

[crenfrosck]

Why not? We have not made a great breakthrough yet, so we should look for a groundbreaking project, which really does not have to exist at the moment. For this reason, crypto startups should come with new and unique sustainable ideas (not copycats) to make a global impact. Yeah, we have got many useful coins that are constantly developing but imagine a situation when BTC was the only crypto and others did not exist. How different the whole space would be without ETH and its decentralized applications? Do not throw obstacles under the legs of innovative people, embrace their courage  .

[CoinCowgirl]

Why creating more dogbreeds? Why do people make so many car brands and types? etc. etc.  It is just the human nature to create........

[jcarlo]

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.

Some coin created with different purpose than bitcoin. I think more coin created, we as investor have more choice to invest. There is good altcoin with working product and i think good to invest. Market will make survive or not because market is good jury

[kier010]

they want to create they own coins that is why they create. a company wants to enter in crypo so they create their own. a group have ideas to they create their own. to raise money for their project they need to create coins. for those that fork coins i think they just want easy money.

[islakevin]

Its because people are greedy and they want easy money by creating scam ico or no good project ico. without any good product in the market.

[Rumble97]

Also confused about this, now a lot of new coints are popping up, too many old coints, goals for investment or anything, but I don't think that all coints have good potential, in the future there will definitely be a coint that will die, if you want to invest in coint you must be good at choosing a coint that is good and worthy to be made an investment

[Ikay]

Because those coins or token had is own uses and not all of that can use for their purchasing because they also wanted to create their own coin to gain money also and competing is the number one why those people and projects continue to create and build coins/tokens they want to signify that their business are use for their coins or tokens only and their money going around in circles and gain profit.

[dddudidd]

I agree with what you propose as new motivations in crypto, keeping coins that have long been circulating and quite popular dicrypto must be implemented, instead of making new coins or tokens with the price of a dump behind

[gerbas]

Every company wish to have their own unique coins that they hope it would be useful to support their project. Cause if using the current available coins, they would had a difficulties to makes the coins fit the need of their project.

[rapsa2018]

Each new coin/token has it own project and technology and purpose . New coin/token created with main purpose that improve crypto world and seem like there are few coins/tokens are doing it really well . Beside I think it's also really good for traders and investors cause they'll have more choice to invest their money in .

Yes its true so many tokens and coins are releasing daily because there are so many ico and project always releasing too. To improve each token what will be the possible potential in the future.