Topic: The Reason For Creating a New Cryptocurrency? - page 11. (Read 2202 times)
There are many reason why they would want to create a new altcoin. For instance there are a group out there that would want to scam you, other just want to do a pump and dump on it, while other would really want innovation into the market that they are representing, and there are others that just do not want to be left out because of the booming technology.
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?
Most of them are made scam purposes. Most of them are made with the intention to get money from the people and give nothing back to them. I guess this is why the crime rate in the crypto currencies has overgrown now and this is why they are creating the new coins everyday. Have you ever noticed that there is no more growth of the list in the CMC where 1500 coins remains constant and those come out as scams are always removed from it. The list grows by 100's of new coins by weeks but it reset back to original number because by that time scam once are delisted. So its all about scams, stealing and she like that. In short!
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?
Every new cryptocurrency is its own unique project and they're used on the various platforms for which they were created. Also to me, I think they add value to the trading market. The problem associated with it may be the increased scam coins creation.
They create new electronic money for the purpose of raising capital. and develop their projects. So they achieve the goal then they pay the profits to the tokens holders by raising their prices
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?
Why is the reason questionable? It is extremely understandable - they want to earn money. Otherwise, there would not be so many companies. For me, the important thing is that the team or project has been working since 2016 and more.
Most likely to provide an opportunity for someone to choose a crypto that can generate an advantage so with the circulation of new crypto their economy becomes better than before after starting to invest in the next few years.
Innovation is one of the reason why people intends to generate another currency even a present currencies are reliable. ICO mentality is to produce a newly upgraded currency that can surpass BTC or propose more than BTC does. Scam also are influential to create believable currency even not. they simply want to make some profit in the easiest way. "security" is one of the basis of all currency to build connections with investors, like BTC does, this mechanism is the key for a currency to go moon, and in a fact that most of the crypto enthusiast and investors find a place where they can put all they have with a extreme security in the future, in short a currency that can last in a long run.
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 are few reasons for creating a cryptocurrency and they are like few people who come under whitelist who really have some good concept and good future plans which again implemented with blockchain technology can give you good returns and your cryptocurrency might rock all over the world for a particular service or industry while other people just create pump & dump channel in order to scam the people for personal profits.
However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
Some new cryptocurrencies has real value. When the token has a real world use, or when some real business are moving there operations to blockchain.However I think most of the new altcoins are just created to make easy money, as you can see so many ICO scams out there.
That are the reasoning of scam ICO, to leverage money from investors who are willing to put their money on some projects they think has a future. In other words, some emerging cryptocurrencies are scams.
New crypto currencies are designed to correct the shortcomings of already existing coins. The independence of the system contributes to further development, the emergence of similar independent currencies and their derivatives. In addition, Bitcoin's example showed that the crypto sphere has great potential and perspective, which is an attractive example for creating similar currencies.
It should be about ideals, trying to improve on crypto.
Unfortunately I believe most coins that release now are made out of greed.
Unfortunately I believe most coins that release now are made out of greed.
Ideals and improving crypto (Bitcoin more specifically) was only a thing in 2011 and before that.
Everything changed with how crypto in general became more mainstream and thus financially more lucrative to exploit this ecosystem for most involved parties. The entire crypto ecosystem is one big mess and I dislike it to the core. If someone comes up to me and asks whether or not it's a good time to invest in crypto, I advise that person to not invest at all. Stay away. If you aren't capable of doing basic level research yourself you shouldn't be here, period.
I somewhat miss the early days here, where you could endlessly talk about what would happen if this or that bank would hop on board, what would happen if Litecoin was added to MtGox, which we thought would sky rocket the price to $50, etc. Everything we were hoping for and were afraid of to happen, is happening right now.
Every cryptocurrency created because have their own purpose and utility. Some crypto created for bussiness purpose like ethereum, waves, neo and other. Some created for payment and currency like bitcoin and others. The reason many diffrent crypto created because every crypto have their own advantages
1. To create money that will then fill their pockets, as 80% of crypto currencies are
2. To increase BTC or non vapor ware token holdings, as 19% of crypto currencies are
3. To actually innovate, decentralize, or better our world, as the 1% of crypto currencies that actually contain some substance are. For instance ETH with smart contracts, the creation of DAG tech (NANO), or a truly decentralized exchange (Cosmos, 0x, Nex)
2. To increase BTC or non vapor ware token holdings, as 19% of crypto currencies are
3. To actually innovate, decentralize, or better our world, as the 1% of crypto currencies that actually contain some substance are. For instance ETH with smart contracts, the creation of DAG tech (NANO), or a truly decentralized exchange (Cosmos, 0x, Nex)
crypto is very much in the market, and reason for new crypto? I think it will only make the market more busy and the impact is on the token that will launch.
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?
many people create the new crypto currency to the purpose of alternative option to people choosing the best one and making a primary use in the whole world if ever the said currency is the number one choice to people.
I think most of the cryptocurrencies emerging are as a result of companies and group of people selling/promoting their products/projects through ICOs. Some people have very bright ideas and may need the support of people by raising money through ICOs.
I'm thinking they're the most common reason to this year new cryptocurrency is ICO project when you just want to achieve the things that you cannot affordr for your money that you have.
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?
The actual reason behind the creationg of new crypto currency by some dev will always two reason. 1) some created new cryptocurrency just to make their pocket rich cause their plan isvto calm their investors off their money. 2) while some create new crypto currency in other to appreciate and edidy the block chain network and technology.
It does seems the process of creating a new cryptocurrency is too easy. That is why more and more continue to flood the crypto market everyday. My only concern is that not all are actually good or have a working product or service.
The reason why the ICOs issue their tokens is due it's the best way to raise the money for the purpose of the ICO. It is said that there are 3 types of tokens, as long as you see more ICOs you can check it.
- Equity Tokens,
- Securities Tokens,
- Utility Tokens,
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