Topic: New coins daily.. How do they do it? - page 10. (Read 17873 times)
You should know that not all cryptocurrencies are listed on Coinmarketcap so the real number of cryptocurrencies are much bigger because only cryptocurrency with high trading volume will be listed on Coinmarketcap. Beside if you take a look, it's not daily, there will be new coin listed on Coinmarketcap whenever it has enough trading volume.
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?
It will never end. Everyday launching many ICO's and some of them getting success so they will list it on CMC. And it's not very easy to list on there because you have to meet minimum criteria like minimum volume etc. And raise fund isn't too easy, investor's are not fool anymore. Lot of scam exposing lately, so if you don't have potential concept and team then you aren't going to raise money successfully. If it were very easy then everyone would try to become rich.
At this time it does look like they have a lot of coins and are willing to create their own coins so that the benefits they get for themselves, this feels smart and is able to do it independently. We can only see what they are doing will have a good impact on them, and for us, it is possible to be able to choose and research so that we are not trapped.
Every coin has its own potential but creating useless coins are a bad experience in this industry. Lack of organization on ICOs doesn't let to investors to understand the continuing processes. Creating a new project is a running process and not simplistic. Sometimes they copy from other projects and introduce it as a new idea to investors.
i think now creating own coins just to take own benefits from investors in cryptocurrency market.no more seriousness to create high quality projects.and unfortunately more and more fake developer trying to create projects that actually their tokens/coins useless.too many similar concept in new projects.
Every coin has its own potential but creating useless coins are a bad experience in this industry. Lack of organization on ICOs doesn't let to investors to understand the continuing processes. Creating a new project is a running process and not simplistic. Sometimes they copy from other projects and introduce it as a new idea to investors.
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.
making tokens is very easy and almost everyone can make it, but indeed it's just an average test. and in my opinion it's not a problem they are doing a trial
hmm ok. thanks guys. i read every comment and i have a little better understanding now. 
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?
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?
Actually you don't need skill or a coder to do this, you only need money and communication skill, to organize an ICO, of course, money talks you hire coin or token creator, you hire promoters or community manager, you hire people to write white paper and create website, all you have to do is to organize thing and accept payment that's it that easy.
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?
Nothing is stopping you from creating your own coin,if you know how to do then just do it or you can even hire blockchain experts to create your coins but making it into valuable is not much easier,you need to find the investors for it first and then need to develop it and lot more. 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?
Currently, CMC is only looking at the volume and the exchange that the coin is listed on. New coins are released everyday especially token because it is not that difficult to release tokens. When it comes to coins it's mostly a clone of Dash or Pivx with some twist in it. Like mentioned by previous members, not all coins make it to CMC yet do better simply because the community believes in the project. On the other hand, there are projects which are listed in CMC yet they do not do wonders.
So before investing our hard earned money, nowadays we need to do a lot of research unlike what it was a few years back.
So before investing our hard earned money, nowadays we need to do a lot of research unlike what it was a few years back.
True, being listed on coinmarketcap is not easy there are some requirements needed in order for your coin to be listed and let's say it's easy to create your coin but if it's hard to create a project on where you're going to use that coin and I think every coin has their own uniqueness based on their use, etc. so if you have a project that's different than others and can solve a certain project (for example anonymity of messenger, etc) then it would be easy for your to get an investor... but if you're just going to make a project with the same concept as the others... then don't be surprised if you don't find any investors.
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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.
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.
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.
Requests listed on coinmarketcap I understand that transaction volume must be at least $ 100,000, but I find this to be unclear.
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.
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.
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. 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?
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.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?
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.
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.
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
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,
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