Why creating more coins.

[BITSPANISH]

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.

If more cryptos are born with ICO forms, the market will become more competitive than ever. But now the ICO scam rate is becoming increasingly high, so the management and control involved in releasing the ICO project to help investors avoid fraud.

[Happydd]

The creation of new coins is due to the development of modern technology. Electronic money is very diverse and abundant. There are lots of pennies for you to choose from. New coins are available to meet the user's needs for fast price, shipping and transaction costs.

[Yamifoud]

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.

That is the result of having a lot of coins in the market which have  the same in usage. Strong competition is ON right now and causing some unproductive coins to die or just buried down. Investors may preferred of investing old coins rather than seeking for new which it won't show any progressive results yet and it makes new coins easily dump.

[indobitcoin.tk]

This is a matter of profit. bitcoin became a very successful crypto and certainly many emerging coins with destinations in order to follow in the footsteps of the bitcoin. the developers and the team certainly hope the results of the product what they spend and hope this will be of bitcoin. so is natural when encountered many new coins are popping up.

[ThachSanhTp]

Most projects (coins) are created to scam. They try to steal some money from us then left with a dead coin.
Others have serious idea and plan.
But the problem is that it is quite hard to recognize what a serious project or a phishing/scam project.

[Russlenat]

Here in crypto the business minded persons are find easy way to make money and also the scammers, the crypto opportunity is amazing they can earn too much money with less capital and effort.

[anov996]

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.

the altcoin creator is person or team who could have the intention to lift the massive funds and do nothin presently and you recognize why this can be so? as a result of they need that cash and once they get that cash then their asses become terribly lazy in order that our investment grind to a halt with the project forever.
Anyway, a number of them square measure extremely real one and that they square measure making it as a result of they need to make a world packed with prospects which will facilitate them gain a lot of real customers for his or her product and services.

[indopool]

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 come to the crypto market to compete, to be the best and gain the trust of investors, but that is not what they get, most investors still believe in the top rankings such as Bitcoin and Ethereum, so dear to those who have developed projects to bring new coins to the market, it is not profitable but often the items used to get temporary profits, everything becomes hampered after many coins are listed here.

[giancarlo01]

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 .

Agreed, Blockchain technology is comparatively a new approach to Digitization. A good number are still adopting Blockchain technology into their ecosystem. Each Token/coin has it's own backings and problems which the solve. The cryptocurrency market is big enough to harbour all of it not only Bitcoin. What makes Bitcoin different is simply because it was the first digital currency to be created.

[Patriode]

If currency of the crypto market will be huge then it's makes crypto user confused. And many of them are scam and these cheated people. And that's felt bad effect on crypto.

[SashaVeg]

Just people are such creatures that they will always have little money. Therefore even in the name of more and more coins. I think that all the same they will disappear because in them no one will invest. Will invest only in those coins that will be popular.

[cryptolidus]

Ideally, each coin represents a new idea, a new solution for solving an existing problem. Competition among the ideas leads to the progress.
Evolution is natural and a fantastic way to grow. The market has to self-regulate and  to sort out the duplicates and the copycats.

[joelsamuya]

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.

The simple explanation maybe the erc20 platform allows it to happen and its not controllable anyway and because nowadays the so called blockchain is now common knowledge to some others thats why they think that creating coins can help them, in fact this scenario has been adapted by scammers and hackers to create coins to scam others, so lets be more cautious and careful in investing coins and ICO.

[PrestonTrader]

My opinion should be a lot of coins, not only for competition, but also for the development of many compartments of the industry. be it just an enterprise, be it a new program.

[PrestonTrader]

I also believe that every niche in the service sector should be monetized. again this all improves the quality of life of people all over the world.

[SacramentoKings]

Many of them are really just a scam project. They created a coin based on the coins already available. Marketing and selling to those who are hamsters of cheap. After earning money, they will not market the project anymore.

[Mandevil]

Yes, I agree a new coin - a new project = all this leads to the advancement of progress. and improving the credibility of the structure as a whole.

[Mandevil]

many coins are fraudsters, or simply can not realize their intentions - so time is needed for implementation. every day is another step forward. therefore it is impossible to stop - only in the future. over time, many will disappear forever - but how to achieve experience without many mistakes? so I think you need a mono of projects - coins !!

[Mandevil]

I also believe that every niche in the service sector should be monetized. again this all improves the quality of life of people all over the world.

Yes, I agree — this is how life improvement is the main direction of the crypto industry as a whole.

[pacho08]

“The first step is to find a community and build a currency around them rather than building a currency and expecting everyone to show up,”
“It has to be sensitive to their needs and be relevant to their cultural heritage and background.”