Why creating more coins.

[Invigorated]

Good question..... I have asked this same question repeatedly without any convincing answer yet. I believe the crypto industry is saturated with several coins that normally shouldn't be. The proliferation of these coins is alarming and needs to be checked. Over 60% of these projects and their tokens have no applicability whatsoever and their developers are only after grabbing as much monies from token sales as possible and leaving worthless tokens at the hands of investors. It is a worrying situation which has been made possible as a result of No regulations guiding this industry. There is practically no reason for creation of more coins or tokens when really they are offering absolutely nothing!

[Thefrolly]

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.

That is one of the obvious things that is holding the market back right now, there is are way too many coins in the market, money which should be focused on the top coins to enable us go into a bull market are now being spread around over the thousands of coins in the market thereby removing the required concentration of money on the coins that we need the most

[beeelzebub]

Well you have a Project but don't want to put your own Money in it and you don't want to share your profit either.

Best way is make an ico, create a utility token and hope people buy.

[igor.vanyutin.83]

Because the market is still young and ready to accept a lot of new projects. Look at the stock market and see how many companies are on this market. I think the sky is the limit for the new projects and there will be only more and more ICOs that will take place in 2019.

[kamandanu]

I also asked this question, why so many coins if they are unpopular and few people use them, why it is impossible to develop large coins like Bitcoin and ETH

[Volk-05]

In my opinion will come a time when coins will be screened, and now I think it is too early to hold such events!

[megaplage]

The choice of various coins today is really huge, so you should be very careful when searching for suitable options. But I am very glad that various new coins appear regularly for new fields of activity. I just really hope that the number of fraudsters will decrease in the future.

[manbota]

In fact, this is a completely normal situation in the conditions of a young and actively developing crypto market. The main thing is that the emerging coins are prepared with a finished project and a plan for further development. Of course, in any case there will be scammers and unsuccessful projects, so you should always remember about the risks involved.

[paveel90]

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.

Progress does not stand still, the modern crypto market continues its rapid development. Therefore, it is logical that there are various new coins from different fields of activity. Personally, I am convinced that such changes have a positive effect on the development of the crypto market, although investors themselves need to make a more careful and responsible choice.

[viktoriya1945]

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.

I believe that a large number of coins benefits the overall capitalization of cryptocurrencies if the project attracted fiat funds to the ICO, and today, as a rule, good projects are funded by large investors with fiat money.

[South Park]

Good question..... I have asked this same question repeatedly without any convincing answer yet. I believe the crypto industry is saturated with several coins that normally shouldn't be. The proliferation of these coins is alarming and needs to be checked. Over 60% of these projects and their tokens have no applicability whatsoever and their developers are only after grabbing as much monies from token sales as possible and leaving worthless tokens at the hands of investors. It is a worrying situation which has been made possible as a result of No regulations guiding this industry. There is practically no reason for creation of more coins or tokens when really they are offering absolutely nothing!

I will agree that the market is saturated with new coins that should not exist, but we cannot stop new coins from appearing because that would kill the innovation in the market, what we need to do is to become better investors and to get more knowledge about the technology behind cryptocurrencies so we can avoid investing in those redundant projects that bring nothing to the community.

[Altryist]

I regard all new tokens that appear as company stocks. That is, each campaign has its actions, so new projects project it into tokens. It’s clear that we don’t need such a large number of tokens, and only the most popular ones, such as Bitcoin and Ethereum, will be in circulation.

[claus-rich]

People create new projects in order to implement some interesting ideas. Fraudsters create new projects in order to collect money from investors and escape.

[cris17]

The development is not stopping and there are a lot of ideas which can become successful with blockchain, that is why there are new coins which can be very perspective in the future.

[MegaPost]

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.

Since there is nobody to stop them, they will continue to create a token every time they want it. I hope for regulations to appear soon.

[Dodoymabs]

It's pretty obvious, they create coins because they can usually gain good amount of money for some random investors. As a usual, many are already been scammed due to this kind of program which its advantage is, it is open to all that has a knowledge about creating coin/s. This will definitely continue until there is no institution that could somehow manage to control such activity.

[maman09]

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 difficult when we always see ico with a new innovation project for technology and its functions that can be felt in real life despite the fact that no one really runs after the white paper. maybe with the current conditions after the accident back and correction, this can throw useless altcoins.

[Alexeu00011]

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.

I hope that community is strong enough to create certain regulation body, which is capable of making market clear of all these shitcoins. I really do hope.

[passwordnow]

Just like the establishment and services that we've been using, they have their point system and that is what these coins are aiming.

But there's no need to extend that type of coining system because we already have bitcoin and thousands of useless coins.

[iTradeChips]

There are many reasons why people keep on making coins and tokens even if there are already thousands of coins and tokens around - mostly to compete with each other. Many also has the dream of making big and has the goal of dethroning bitcoin as the main coin in the ecosystem.