Topic: The Reason For Creating a New Cryptocurrency? - page 6. (Read 2263 times)
Perhaps, To meet the market needs cryptocurrency and for fundraising projects.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.
There are many reasons to create a new coin. First, there are too many coins in the market, but they do not bring any profit to the user. Second, if you create a new currency, the creator of the coin will have to apply advanced technology so that they can thrive. Once they have thrived, they will yield a profit although not as high as bitcoin but can grow for a long time.
That's true there are many coins in the market but cannot sustain the price in the market. So from what I can observe they creates new cryptocurrency for the reasons of to gains money. To be well known in this industry but they should developed the crypto they 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?
There is a great potential in the cryptocurrencies market and one has to take advantage of this advanced in technology in other to create a good financial future. Bitcoin alone is not enough to meet up with issues with our capital and money market and we are to open and develop more blockchain technology in other to be able to meet the demand.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 is a great potential in the cryptocurrencies market and one has to take advantage of this advanced in technology in other to create a good financial future. Bitcoin alone is not enough to meet up with issues with our capital and money market and we are to open and develop more blockchain technology in other to be able to meet the demand.
There are many reasons to create a new coin. First, there are too many coins in the market, but they do not bring any profit to the user. Second, if you create a new currency, the creator of the coin will have to apply advanced technology so that they can thrive. Once they have thrived, they will yield a profit although not as high as bitcoin but can grow for a long 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?
Actually most of them doing this as business,they can earn lot if they got successful in this field so they were creating new crypto currencies with different ideas and convincing the people that their coin or token is better than anything.But we no need lot of new crypto currencies we already have lot and some were useless so we need to get develop the coins already we have at its beat then only it become suitable for usage in daily life.
Yes, this is the main reason as far as bitcoin as originally envisioned by Satoshi. At that time we are in a financial crisis and he doesn't want to rely on any third party to do our everyday transactions. That's why bitcoin is born, to be use as a mode of payment, without boundaries. However, do note that it has evolved a lot, the real usage was taken a back sit, and now bitcoin is being viewed as a form of investments.
I think the main reason for creating new coins is for faster payments. to create an ecosystem of a project that will be valuable in the eyes of the world and there are also reasons for fraud such as dumps and pumps
I think the main reason for creating new coins is for faster payments. to create an ecosystem of a project that will be valuable in the eyes of the world and there are also reasons for fraud such as dumps and pumps
You don't understand this topic to the fullest. I guess OP is straight forward asking that why new crypto currencies are created all the time which are being refereed to the new projects that are arriving in the market. I believe this because many people are trying to raise the funds via ICO for their start ups, some of them are genuinely doing this while on the other hand there are people who are doing this out of scams. The crypto coin is symbol of share so whenever it is created then it gets added in the list and people buy it so that they can benefit from it while creator of the same gets fund raised for his purpose.
I think the main reason for creating new coins is for faster payments. to create an ecosystem of a project that will be valuable in the eyes of the world and there are also reasons for fraud such as dumps and pumps
If the need is for faster payments, you don't need to create thousands of coins just for that. It is unfortunate that most coins are created not due to some compelling need or business reason, but to enrich the pockets of its developers. But with most ICOs floundering these days, that is bound to change.
I think new cryptocurrencies 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.
I think the main reason for creating new coins is for faster payments. to create an ecosystem of a project that will be valuable in the eyes of the world and there are also reasons for fraud such as dumps and pumps
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 they understand the great performance of bitcoin and altcoins that really useful and profitable that it could help us and to develop the economy, that's the possible reason why they create more cryptocurrency.
Usually they resolve some problem from their research also have good product
I think it's because people want to make more money. and if from one thing they can make money, of course, they want to make more money. this will attract them to make another new one which can help them to make money. besides that, I think they create a new cryptocurrency to help people's lives and makes their life easy. maybe this is something new for them, but with the time goes, people will realize that they need that things to help them and they can use it for their life.
For me it is not questionable but something very much expected of people who have thoughts of earning money for a living. If you can only observe how a successful product or store get imitated for the reason of gaining the same as those who have been successful. Look at brand names of products and you can see the successful ones got paired with the same product and an almost the same name. The reason was simple it has to make profit by joining the popularity of another product. And hence the name was made as close as possible. I think digital currencies are this same in nature.
I think the Crypto market is getting a lot of attention from business enthusiasts. Because ICO is a system that attracts investment capital online and has a lot of workforces to promote new projects. in which some people are making such coins used to make a lot of money for themselves and not in it for technology and for the future of crypto.
I think the reason is business people nowadays think that cryptocurrency could make them rich and they create there own cryptocurrency as will. They are need is investor and a community that could build there dreams.
The main reason for creating new cryptography is the change and improvement of electronic money technology, and the is still profitable.
Humans are always prone to change. They prefer to adopt changing and variety. Assume a world that is still and not flexible. It isn’t changing and things are quite same each and every day. But we are livable just because of something that comes to you knew. You might be fed up with chicken burger everyday as well. This is exactly the same in bitcoin world. 
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 most of it comes from solving an issue. You have to understand that coders are people who see a problem and they try to fix that problem, more than coding they are problem solvers and hence when they see a code and a coin on that code they see the problems of that code and try to solve that problem on that coins code.Since they can't fix the problem from that coin they fix the problem and put up a new coin with no problems on it and solve the problem with a new coin. Of course there are people who just create a new coin because they want to take your money and get rich as well.
Each new crypto currency, expected to improve the existing deficiencies in the crypto currency before, then in every appearance, they are often accompanied by new ideas and innovations (little change from previous innovations). But for myself as good as anything the innovation they offer, not the guarantee (not the right answer) that his project will work, however it all depends on the developer side of the coin itself.
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