Why creating more coins.

[trader_999]

why not? investors are still there, funds are still investing in ICOs and getting profits. all are making money.

[Patrix_1]

Because it is an opportunity to earn a hell of a money. People that are doing ICOs, are becoming pretty rich, if an ICO is successful. I have seen projects that collected more than 100 million USD and the team had more than 20 percents for them.

[izza123]

Cryptocurrency is a kind of a new stage in the development of Finance. Currently, a large number of projects based on the blockchain are being created. All of them are completely different and affect various industries, services, trade and others. Thus, cryptocurrencies are increasingly being introduced into people's daily lives and are widely distributed.

[kiemnhieutien]

The more competitions there are, the better services we will received. It is an undeniable fact that some projects create new coins for only one purpose, making money. Projects like those have no real working products and become dead after they get their money.

[Alpha0One1]

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.

Most of the coin devs are just copycats and are just in it for the quick money.
Almost everyone can create a simple token in eth now and dump on the community.
There may be new blockchain coins with a good use case that will surely be adopted in the future.

[maculeth]

actually I also hope that not too many new coins are made because their presence in the market will not be too valuable even to penetrate the top 100 in the market. it should be more focused on succeeding one coin to survive in the market and be able to rise even more, than many more new coins that they can actually call not too valuable.

[KenyonCarter]

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.

Well honestly we do not know that more coins are being created for what reasons but with coins like Paragon, Stellar and Ripple, it is better to invest in them.only.

[Maricel2017]

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.

Well honestly we do not know that more coins are being created for what reasons but with coins like Paragon, Stellar and Ripple, it is better to invest in them.only.

I think the reason is to earn money because companies continue to create a coin to compete and offer much better services and this is form of business but some of them are created to scam greedy people. And that is why people or investors should be more picky for a coin to invest.

[SoloV]

Some teams have ideas that are very good. These teams are trying to create something new. But many teams create new coins just to make money.

[milani]

Lots of people nowadays try to make their own coin because they saw the success of other projects and think they will be lucky as well. And of course they want to have a lot of money. But very often after their made their own coin and face the problem that they need to develop it and have to do something. Those who really develop their projects they come to success, but not all.

[E_3fff]

Yes constantly new coins come to the market, it because all want to snatch a piece of pie. And, therefore, many coins are not very popular.

[Nolimitz84]

If you have an idea and you are ready to implement it, then you can also create your own cryptocurrency. This is cool. Nobody can guarantee you that success. Therefore, I don’t see anything wrong with the fact that there are a lot of altcoins at the moment.If he will be claimed, he will survive, if not then no.

[Baimovic]

If you have an idea and you are ready to implement it, then you can also create your own cryptocurrency. This is cool. Nobody can guarantee you that success. Therefore, I don’t see anything wrong with the fact that there are a lot of altcoins at the moment.If he will be claimed, he will survive, if not then no.

crypto opens the opportunity to realize our ideas because crypto can make projects with capital far cheaper than usual. therefore many creative people finally make their own coins, hoping their projects can be realized and can develop as they wish. but unfortunately there are some people who only use ICO to get a momentary profit without seriously handling their project.

[axel2078]

Because they want to make money and benefit themselves. There are over 3000 different cryptocurrency active, but there are very few successful projects and have their own ideas. Most of them are copied, and of course all those projects are scam in the future. Investors will lose money if they are not lucky enough to invest in it

[jackflag]

why not? investors are still there, funds are still investing in ICOs and getting profits. all are making money.

I would really like to look at those investors who are not afraid to invest money in those projects that are now entering the market, a few of them will succeed, and investors usually have to take care of their investments. In the current market, I would not risk any free assets if we are talking about investing in the crypto market.

[Enzos]

Many people are for money, they don't have real futuristic technology. Many developers issue ICO just to harvest the money of investors. This has led to a decline in the cryptocurrency market.

[bolbau]

new coins or tokens sold on the market are part of cryptocurrency's own market activity. they are the same and not different from stocks, that they succeeded in entering the market by bringing new innovations in blockchain technology, this is a good sign. I think these new coins and tokens don't really have a significant effect on bitcoin transactions and other big coins. bitcoin, ethereum etc. already have their own audience, even though there are many rival coins, their strength is still the best.

[Iwillgotothemoon]

Because everyone wants to make money from more coins
Hunter - need new activities to earn rewards
Investors - need new coins to get faster and higher profits
Merchants - need new coins to get investors' money

[Yaupgitda]

This is one of the easiest ways to find money to achieve your goal. Unfortunately, many people saw in this the road to their own good fortune. This compromises those guys who are really trying to bring something new in life but cannot because of lack of funds.

[dizzy1996]

Look, as it were, there are many promising projects on the market that can ensure the competitiveness of the market and I consider this a positive phenomenon, of course there are many tokens that dump the market, but all this is temporary