Why creating more coins. - page 13. | Bitcointalksearch.org

anov996

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.

the altcoin creator is person or team who could have the intention to lift the massive funds and do nothin presently and you recognize why this can be so? as a result of they need that cash and once they get that cash then their asses become terribly lazy in order that our investment grind to a halt with the project forever.
Anyway, a number of them square measure extremely real one and that they square measure making it as a result of they need to make a world packed with prospects which will facilitate them gain a lot of real customers for his or her product and services.

Russlenat

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Here in crypto the business minded persons are find easy way to make money and also the scammers, the crypto opportunity is amazing they can earn too much money with less capital and effort.

ThachSanhTp

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Most projects (coins) are created to scam. They try to steal some money from us then left with a dead coin.
Others have serious idea and plan.
But the problem is that it is quite hard to recognize what a serious project or a phishing/scam project.

indobitcoin.tk

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This is a matter of profit. bitcoin became a very successful crypto and certainly many emerging coins with destinations in order to follow in the footsteps of the bitcoin. the developers and the team certainly hope the results of the product what they spend and hope this will be of bitcoin. so is natural when encountered many new coins are popping up.

Yamifoud

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Quote from: tarable on September 22, 2018, 06:53:46 PM

Quote from: christofyler on September 22, 2018, 06:37:40 PM

The more the coin the higher the competition, there are lots of coin trying to over come bitcoin and Ethereum so for every coin created it has it own purpose and function.

we think it's true, with so many competitors right now there are many coins that are circulating today. the longer the development and competition is increasing so high.

That is the result of having a lot of coins in the market which have the same in usage. Strong competition is ON right now and causing some unproductive coins to die or just buried down. Investors may preferred of investing old coins rather than seeking for new which it won't show any progressive results yet and it makes new coins easily dump.

Happydd

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The creation of new coins is due to the development of modern technology. Electronic money is very diverse and abundant. There are lots of pennies for you to choose from. New coins are available to meet the user's needs for fast price, shipping and transaction costs.

BITSPANISH

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Quote from: dr_chen on September 22, 2018, 05:58:49 PM

The reason for creating more crypto stems from the fact that everyone wants to launch their own project. Teams try luck. Those who cannot make the conditions for success of the coin or token are melting in the market.

If more cryptos are born with ICO forms, the market will become more competitive than ever. But now the ICO scam rate is becoming increasingly high, so the management and control involved in releasing the ICO project to help investors avoid fraud.

catapult

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.

Although there are mainly very bad and useless altcoins, we can see some good, successful and lucky new coins on the market. Despite this situation, I believe that some of the new coins can give very good profits to their investors.

poodle63

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Leading Crypto Sports Betting & Casino Platform

Quote from: ottogary on September 22, 2018, 02:43:41 AM

I think Cryptocurrency project is similar to a country that have their own currency. That way they would be able to manage their internal system and maximize them just as what they need.

They can take their opportunity from crypto on their own way. Remember these guys are creating more coin and then try to use it to raise the funds from investors.
This is just an old trick for me personally and i can say this can't be done so easily. But you can see that how many people have created their own one and then it has been fallen and becomes a failed coin?

tarable

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Quote from: christofyler on September 22, 2018, 06:37:40 PM

The more the coin the higher the competition, there are lots of coin trying to over come bitcoin and Ethereum so for every coin created it has it own purpose and function.

we think it's true, with so many competitors right now there are many coins that are circulating today. the longer the development and competition is increasing so high.

qtronix

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Someone wants to create something of his own, comes up with a unique idea, creates his coin, launches ICO. Hence, such a large number of different coins. But the problem is that not everyone is able to realize their idea and coins of such a project become useless.

trobbert

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I think creating new coins is like an insult for crypto users. I am not saying that all of coins are bullshit,but major part of them does

TomArayaSlaya

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https://hovr.site/

different functionalities and also community and developers some coin are more stable than others

christofyler

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The more the coin the higher the competition, there are lots of coin trying to over come bitcoin and Ethereum so for every coin created it has it own purpose and function.

dr_chen

sr. member

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The reason for creating more crypto stems from the fact that everyone wants to launch their own project. Teams try luck. Those who cannot make the conditions for success of the coin or token are melting in the market.

ityandsyn

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.

They are making business in ICO and every ICO project have their brand new name of tokens so this will automatically added to the existing coins perhaps bounties are benefitted on it , but despite of the saturated tokens in the market , these new coins will become very popular than the old ones .

DarkDays

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There is no reason for most cryptocurrencies to exist, most of them are just quick money grabs looking to fake demand in order to grab as much money as quick as possible. You can just look at projects that launched early last year and see where they are now, most of them are in the bottom 500 market cap, pretty much making them trash coins. Next year look at the coins that were released this year, and you will see the majority are trash again.

Oilacris

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.

ITS ALL ABOUT MONEY!

This is why we do see lots of coins in the market and most of them do end up on being a trash or garbage due to repetition of ideas that it gets from other projects and so on and besides you cant really stop developer to create their own coin wishing up that they would really end up to become the second satoshi nakamoto gaining its success into its creation.

Lucas777

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Justice as a Service Infrastructure

Exists a lot good the ideas and projects which lack financing. On it they create the token and sell them to all as a part from future profit from the project.

Ultimist

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Each new project has some useful idea. And the coins that this project produces are designed to help in the implementation of this idea. And these coins are really very much. But who knows, maybe some of them will be able to get the same great popularity as bitcoin or ether.

Topic: Why creating more coins. - page 13. (Read 1999 times)