The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
It's normal in this world that people will ride with the popularity in every technology as long as they can get profits on it and this cryptocurrency is a good example. Sooner or later we will have many currency that will be available in the exchanges as we have no limit and no regulations in creating new coins or token. I just hope that a new regulation will come to check the legality in every project that will undergo ICO and to protect every investors from those fake projects. 
Topic: The Reason For Creating a New Cryptocurrency? (Read 2279 times)
The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
Yes, the number of altcoins popping up is due to their desire to raise capital, introduce brands and more. There are also those who are stalking prey to eat. So be careful with the new altcoins that aren't clear yet, maybe they just collect bitcoin and run away without any clarity about their coin program, but there are also those who are introducing new models with more attractive features like big Facebook entrepreneurs are also studying crypto also possible will launch their own crypto. I believe that 95% of all new coins are for the purpose of making money. To collect money from investors, to give in exchange coins that are not worth it and then forget for a year or more about all around, and then after a while to remember that can still earn this coin and throw it on the stock exchange and still there propampim coin, and then sell it there .... and earn more on this.
I agree that most coins are created with the only intention to make money for the developers, and all of the people that invest in the coin do not really care about the project either they only want to make money, and the traders trading the coin do not really care about the coin either they only care about trying to substract money out of the market, so we have a market that is almost entirely composed of coins that are useless and that exist only to make money. The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
Creating a new electronic money is also a good decision because if that business can survive for years in the Crypto market, it will grow beyond the likes of LTC, EOS and Dogecoin. This is a potential market and offers many good opportunities for startups. That is why more and more ICO projects are launched. 
They are way too many crypto currencies on the market today. Everyone thought they could trick people and get away with it, to make fake profiles, fake websites, fake ICO's and trick people to invest money in their supposed great and big revolutionary project with entire new fake coin behind it. There will be always people wanting more and more money, and finding opportunities to get some more money, free money. That is what fake altcoins are all about.
To support a project and create a premise for the project to be successful. Creation of new cryptocurrency only stimulates the crypto market.
Off course so many projects are scam, created for speculation, pumps, and when that is over, you won't here about the coin again, with the project technically over. It's good that people do thorough research before putting a dime into any project out there. Recently came across mfchain, utrust, are among few of the ideas working to make mainstream adoption possible. I'm looking forward to see cryptocurrency competing side by side with fiat.
The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
I think the reason is the potential of the digital market and so many are trying to innovate the use of cryptocurrencies. New cyptocurrency are made to have a specific use in the market or business that is why there are large number of ICO presenting their ideas to the market. In some worst cases, there are lots of scam ICO in which they will run the investors money. It is unfortunate that most merchants now create new cryptocurrencies just to earn investors' money. These coins have no innovation!
There are lots of reasons why they are creating a lot of new cryptocurrencies, some want changes in the current project, some wants faster and cheaper coins and some only want easy money.
It is unfortunate that most merchants now create new cryptocurrencies just to earn investors' money. These coins have no innovation!
the creation of a new crypto currency can be in the form of coins or tokens. generally tokens are made according to the real benefits they build so that users can use crypto directly in a particular field for smooth and easy
The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
Being questionable you say? Is BTC a questionable crypto? What about ETH, BCH, XRP, Dogecoin, LTC, MONERO and the likes of them, are they also questionable? Some people create new cryptocurrency just as a way to scam others, lots of the cryptos you will see today are scam and at the end everyone will lose their money. Having lots of cryptocurrencies is not the solution to our problem, it’s better we have a few that are trustworthy. The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
There should always be choice and freedom, people create something new all the time. I believe before the advent of bitcoin there were many attempts to create something similar, but the choice of people fell on bitcoin.
Now perhaps there is a search for a new, more attractive and modern alternative cryptocurrency.
Need time!
The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
There should always be choice and freedom, people create something new all the time. I believe before the advent of bitcoin there were many attempts to create something similar, but the choice of people fell on bitcoin.
Now perhaps there is a search for a new, more attractive and modern alternative cryptocurrency.
Need time!
The original purpose of cryptocurrency was to raise funds for the maintenance of the blockchain, but now the cryptocurrency has been targeted by some unscrupulous elements! Many new cryptocurrencies have no practical application at all, just to swindle money!
Unequivocally answer this question will not work. Some organizers want to develop and spread the crypto currency, trying to show all the benefits of its use. There are unscrupulous organizers who just want to make money using fraudulent schemes.
here presence of government is needed, so fake ico can be thrown away. regulation is also needed to give investors and bitcoiners a sense of security, so they feel protected This is my view and reason why many people may wanna try to create a new cryptocurrency. Simply because, they know that they can earn a lot of money once they succeed in this kind of business. It is not concealed in our knowledge that they are really earning money in this field.
Unfortunately there's an other reasons many people makes cryptocurrency just for Scam purpose.They make fake projects and scam people. 
Every new cryptocurrency project has their own reasons, you can read it on the new cryptocurrency website or you can directly ask the team directly from the new cryptocurrency.
and some reason does not make sense, and tends to exist to make a project.very rarely projects that can really be implemented in real life.
When there is a call for investment from ICOs, these projects are developed by selling their own cryptocurrency. From there the new cryptocurrency was born. However, the existence of this kind of cryptocurrency depends on the success of the project.
Every new cryptocurrency project has their own reasons, you can read it on the new cryptocurrency website or you can directly ask the team directly from the new cryptocurrency.
and some reason does not make sense, and tends to exist to make a project.very rarely projects that can really be implemented in real life.Jump to: