New coins daily.. How do they do it?

[Queen_Amber]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

[Tamilson]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Firstly, being listed on cmc isn't that easy since certain coin/token needs to meet its requirements like being listed in an exchange site and circulating supply.

You can read their methodology here.
https://coinmarketcap.com/methodology/

While it's indeed that we have tons of coins/tokens that actually congesting the market yet only those that are solid and established will remain and some will eventually die. So don't bother to create one just to make thousands ( if ever they will ) as it's just a waste of time.

[dulinivanrus]

To get on the list coinmarketcap need to have a decent amount of volume. I think that in the near future coinmarketcap cleaning service of trash.

[koincik]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Only over 2000 can access the Coinmarketcap data. A lot of coins or token are waiting in line. And in practice there is no way to stop this increase.

[btccrusher]

You are not correct. Those coins are not creating on the day the getting listed in CMC, but they are reaching certain criteria before they got listed on CMC. To get listed in CMC, a coin needs to be listed in 2 CMC listed exchanges and needs a certain level of trading activity. So yes, projects who are working/developing the community are able to enlist themselves.

[SaRmY]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

You are mistaken without proper knowledge in this industry you will not collect a penny. Now investors will not invest in your next scam. So think twice about claiming to create a meaningless coin. Because I think frauds are legally enforceable.

[Imoote]

Do not be surprised when smart people can make money easily, but learn to follow them, because nowadays it is very sophisticated, so to make money must also be sophisticated, I myself also cannot make coins, and all the coins are clearly of use.

[Stanlo]

You got it all wrong ,for a coin to get listed on cmc it has to reach cmc target ,those coins and tokens you seeing getting listed everyday ate not new coins ,they have been in line until target for cmc is met

[Script3d]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Not all of the coins added to cmc are new, some of them probably been around a long time and they just met the cmc standard to be listed on the site, like a specific volume, people cant make a coin that easily it takes time to make one, also not all of the coins did a crowdsale.

[Dr.Sponge]

It is not a new coin, for real. They are just listed on the coinmarketcap and we all know that they have been long time before getting to list on the coinmarketcap.

[poodle63]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Firstly, being listed on cmc isn't that easy since certain coin/token needs to meet its requirements like being listed in an exchange site and circulating supply.

You can read their methodology here.
https://coinmarketcap.com/methodology/

While it's indeed that we have tons of coins/tokens that actually congesting the market yet only those that are solid and established will remain and some will eventually die. So don't bother to create one just to make thousands ( if ever they will ) as it's just a waste of time.

CMC has been implementing a new rules and you must read again. there some rules that have already changed by CMC itself. I just knew about that yesterday and so many people still don't know about that dudue.

[pushups44]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

People get upset when there are bear markets, but bear markets are needed to clean up the trash coins that exist. Already it has served to neutralize or eliminate a large portion of coins. While I have no doubt this industry will see plenty of growth ahead, a few more bear cycles will be needed to wipe out most coins.

[bassbity]

They also definitely need the process to enter Coinmarketcap not that easy, it has also been through a selection by CMC so the newly emerging coins are potentially good with large volumes,

[Stblcn]

I consider that as a mystery as well. Lol. As far as I know, it's not that easy to start up a project and make your own coin and have it even listed on the Coinmarketcap, I mean it's obviousy a long process, right? hahaha

[meanwords]

At first, let's start with coins getting listed each day. Getting listed in CMC is not that difficult but not that easy too. You need a decent amount of trading volume before you could get listed there. Depending on the activeness of a certain coin, he could get listed in about a few months or even a year after its creation. What's stopping a normal person like is that you need to insert effort in advertising and shilling your coin as much as possible. You need time, money, and effort to list it to CMC. Let's just say from creating your coin to making a community and advertising it, it's a lot of work. Creating coin is not that hard though. You only need to copy other coin's code and modify it to your likely or what we call fork of another. To be honest, we only need a handful of it. As long as people are profiting from it, it's not going to stop.

[SvonioneFromMangoCoinz]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Creating a project is a long process and not simple. You can see the whitepaper of some projects and marketing costs, site setup and cost for managers.
all have its price and money is not easy to earn. Scammers also need capital and sophisticated minds to be able to create a big project.

[Xardasim]

If you go to www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?

Stupid and money-saving coins are the ones created in the past. It is unlikely to be listed in coinmarketcap with such ideas these days. In addition, there are so many new money created and only a few of them is listed in CMC.

[Betwrong]

Of course you can try to create your coin, but be sure it has some unique features, and not only unique but beneficial ones too. Although it is already a hard part, here comes the another, convince thousands of people to buy your coin, let alone to use it. All of that is not so easy to do, and most people who create new coins just lose their money. So, in most cases, the question is not how much you earn, but rather how much you lose, $10k or $10 million?

Regarding "when is it gonna stop?", I think never, and that's not a bad thing, if you ask me. The harder the competition, the better the prize.

[el kaka22]

It is incredibly easy to publish your coin, its not even that hard to code it for someone who has no coding experience. Nowadays they are selling blockchains and cryptocurrencies for as little as 0.1 bitcoin, so if you pay the right people and get help from them and just change the names and logos and whatever around you will see that you have a coin of your own.

I actually did one just for pure fun and joking with friends all premined and we were sending and receiving back and forth for jokes so its incredibly easy. Just because you see new coins printed out every single day do not think that all of those coins are legit, most of them are just for fun or even testing purposes and out of maybe 10-20 or even 50 coins that comes out everyday only one or two of them actually start off as a decent legit coin.

[Little Mouse]

Creating a token or starting your own copy cat coin is nowadays as easy as that a high school boy can do that. So, it's normal that thousands of coins are there but problem is everyone is shit.