Topic: Is it even worth making your own coin? (Read 468 times)
I think it's worth it if you have the technical knowledge and the funds to do it so many people mae huge income from making their coin creating new coins is the new hyip because people still embrace it
In my opinion, there are already enough altcoins which are good and stable.
Stop right there. You have your answer and it's the right one. Consider locking this thread so's people like me who have signature campaigns can't post complete bullhickey to earn money. What I posted does not qualify, of course, but you're going to get 1000 people all saying the same thing after a while and not reading what everyone else has written.In my opinion, there are already enough altcoins which are good and stable. I think that the coins which are new and created by random people have small to no values and they are used in small circles of people. I think that they are not even worth making or investing in them as they will probably be abandoned after a while.
Sure, there are some projects which succeed, but I think some are not needed.
What do you think?
Sure, there are some projects which succeed, but I think some are not needed.
What do you think?
Making a coin costs very little, supporting a coin on a continued basis requires more time and financial support which is why so many are abandoned.
Additional Requirements
Provide Tech support to new & current users
Patch/Fix any security holes that pop up
Keep at least 2 exchanges available for trading
Keep your coin network running, either with ASICS or PoS Nodes .
Keep up an active Block Explorer
Keep your coinmarket cap details up to date
Maintain the support forum on a daily basis
Be prepared to give up 80% of your time and a good deal of your Fiat income on a Monthly Basis in support of your coin, until it can support itself.
FYI: This Process is slow and takes years, not a few weeks , unless you can find a millionaire to add capital to your coin.
That is just a few things you have to do , there are more that I won't bother to mention.
Still want to make & support a new coin?
oh and then there is the actual coding and engineering you need to put into a coin if you want real new features, the times of git-clone-find-and-replace-variable-names are long gone
In my opinion, there are already enough altcoins which are good and stable. I think that the coins which are new and created by random people have small to no values and they are used in small circles of people. I think that they are not even worth making or investing in them as they will probably be abandoned after a while.
Sure, there are some projects which succeed, but I think some are not needed.
What do you think?
Sure, there are some projects which succeed, but I think some are not needed.
What do you think?
Making a coin costs very little, supporting a coin on a continued basis requires more time and financial support which is why so many are abandoned.
Additional Requirements
Provide Tech support to new & current users
Patch/Fix any security holes that pop up
Keep at least 2 exchanges available for trading
Keep your coin network running, either with ASICS or PoS Nodes .
Keep up an active Block Explorer
Keep your coinmarket cap details up to date
Maintain the support forum on a daily basis
Be prepared to give up 80% of your time and a good deal of your Fiat income on a Monthly Basis in support of your coin, until it can support itself.
FYI: This Process is slow and takes years, not a few weeks , unless you can find a millionaire to add capital to your coin.
That is just a few things you have to do , there are more that I won't bother to mention.
Still want to make & support a new coin?
In my opinion, there are already enough altcoins which are good and stable. I think that the coins which are new and created by random people have small to no values and they are used in small circles of people. I think that they are not even worth making or investing in them as they will probably be abandoned after a while.
Sure, there are some projects which succeed, but I think some are not needed.
What do you think?
Sure, there are some projects which succeed, but I think some are not needed.
What do you think?
No. I belive bitcoin is not the last cryptocoin, in terms of winners and best technology.
I mean there will be, no doubt, in the future a coin more popular then bitcoin.
All the altcoins which you see are fighting bitcoin, but still no one killed it.
Unless you have some really unique new ideas, I wouldn't bother.
In my opinion, there are already enough altcoins which are good and stable. I think that the coins which are new and created by random people have small to no values and they are used in small circles of people. I think that they are not even worth making or investing in them as they will probably be abandoned after a while.
Sure, there are some projects which succeed, but I think some are not needed.
What do you think?
Sure, there are some projects which succeed, but I think some are not needed.
What do you think?
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