Due to crypto popularity many project are aiming to launch their own coin to the standard of their company. Some of them are not helping the Blockchain more likely they just making it worse by spaming more transaction that shouldn't be necessary.
Also many scammer creating coins everyday to scam people specially those selfdrop than making ETH fallin.
Topic: Why creating more coins. - page 15. (Read 1999 times)
As far as I can tell, the market is full of tradable coins, but the cost to develop a new one is low enough to saturate even further.
Actually they also have a goal by presenting new coins, with functions that are not much different from bitcoin. And in my opinion this competition is natural and natural. When new coins come into the market, it can be said as an achievement. So I don't think there is a problem that is too complicated in this matter, because basically everyone or team wants to become famous and achieve achievements in their own ways.
Success of the coin depends on many factors: inovation, dev team, product quality, marketing stratagies and so on.
New products always appear, without new stream crypro cant last long. The other question is a year ago many good working products appeared and brouhgt profit in weeks, not even months.
Now new tokens are 90 per cent garbage, but there will always be than 10 per cent wanted. Profitable minority. It is not an easy task to fish it in that crypto ocean. But it worth trying i guess
New products always appear, without new stream crypro cant last long. The other question is a year ago many good working products appeared and brouhgt profit in weeks, not even months.
Now new tokens are 90 per cent garbage, but there will always be than 10 per cent wanted. Profitable minority. It is not an easy task to fish it in that crypto ocean. But it worth trying i guess
In fact the amount of digital coins is reduced by the simple competing, but what does that mean by the theme of the subject? This means that there are 100 projects with different intentions and goals and the others are simple competition or proving some advantage in terms of speed. Overall I have no doubt if this amount of digital coins is needed. Yet it is only an orthodox view and perhaps the excessive number of digital coins will help in the near future.
Life is all about change and if there is no problem then their is no solution , there must be a problem before solution can emerge which is why we are seeing many token to be coming out every single day.
Though many are useless but some will definitely be a problem solvers, we need more competition in the market which will make it stronger but if there is view it will be miss used.
Many of the token coming out now that really want to solve problem see the bugs in the existing ones and trying to use that to make a new deal which will continue till we have another way of solving problem like new technology.
In line with the new token coming out everyday seems to also give chance to greed people which we can't eradicate and in the mix we will see the real project which is really here to give what we need.
Though many are useless but some will definitely be a problem solvers, we need more competition in the market which will make it stronger but if there is view it will be miss used.
Many of the token coming out now that really want to solve problem see the bugs in the existing ones and trying to use that to make a new deal which will continue till we have another way of solving problem like new technology.
In line with the new token coming out everyday seems to also give chance to greed people which we can't eradicate and in the mix we will see the real project which is really here to give what we need.
Each coins actually have different features and varies from each other in different ways. They also work differently. Coins that are same or clone to other coins are just some shitcoin/scamcoin. Those coins have unusual values and eventually dies soon.
Honestly, there are tons of altcoins, but only the top few coins will survive since most of them serves no purpose. Others will just be less valuable or completely valueless.
Honestly, there are tons of altcoins, but only the top few coins will survive since most of them serves no purpose. Others will just be less valuable or completely valueless.
Each new coin/token has it own project and technology and purpose 
. New coin/token created with main purpose that improve crypto world and seem like there are few coins/tokens are doing it really well . Beside I think it's also really good for traders and investors cause they'll have more choice to invest their money in .
. New coin/token created with main purpose that improve crypto world and seem like there are few coins/tokens are doing it really well . Beside I think it's also really good for traders and investors cause they'll have more choice to invest their money in . 
Sure, there is a lot of overlap between projects, but proposing that every coin with similar functionality merges, will never happen.
It would just be impossible to organize a huge merger like that, no-one would agree.
Plus, they all have their own approach, good luck on getting any sort of unanimous decision on what features to add or which project to fork.
Will never happen...
It would just be impossible to organize a huge merger like that, no-one would agree.
Plus, they all have their own approach, good luck on getting any sort of unanimous decision on what features to add or which project to fork.
Will never happen...
Promote has directly various alt coins. I think the reason behind this may be making crypto cash grandstand. In addition, various other making cash reasonable finish childish objective. Crpto cash may be a slant straightforwardly in which making their have coin is straightforwardly an opportunity that got to be never miss that there are isolate of individuals are coming in to change these crypto meanders.
Advertise has presently numerous alt coins. I think the reason behind this may be creating crypto money showcase. Moreover, numerous other making cash fair accomplish childish objective. Crpto cash may be a incline directly in which making their have coin is directly an opportunity that have to be never miss that there are divide of people are coming in to alter these crypto wanders.
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 pursue the advantage of competing to be the best and most popular by the public, but that's not what they get, the market is still held by Bitcoin, very dear to those who have developed projects to bring new coins to the market, not profitable but often the object of use for get a temporary profit, everything becomes hampered after a lot of coins are listed here, how much money others invest in junk coins, just focus on the top coins, so many people talk about it. 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.
It's good for funds raising, but I think have many coins is not really helping matters
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.
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.
I think it more to the how people like to imitating to gain the same profit on there. Long time ago web faucet and roll are good enough, and then HYIP website with its lot of risk, trading also and then now ICO. people like to make their own profit. become the boss for their own. Unfortunately they didn't realize that it bring negative impact to the market. Imbalances volume, security risk and others
Market has now many altcoins. I think the reason behind this may be developing crypto currency market. Also, many other creating currency just achieve selfish goal. Crpto money may be a slant presently in which making their possess coin is presently an opportunity that ought to never miss that there are parcel of individuals are coming in to adjust these crypto ventures.
because they have a diffrent purpose or vision in their project thats why new coin created
I am so pleased. In spite of the way that there are excessively numerous monetary standards available, new monetary standards will at present develop. There is by all accounts few undertakings strong in that.
Thats a good read BUT unfortunately people aint gonna stop their greed in that way. Why I am calling it greed? because the altcoin creator is person or team who may have the intention to raise the huge funds and do nothin later on and you know why this is so? Because they want that money and when they get that money then their asses become very lazy so that our investment get stuck with the project forever.
Anyway, some of them are really genuine one and they are creating it because they want to create a world full of possibilities that can help them gain more genuine customers for their products and services.
Anyway, some of them are really genuine one and they are creating it because they want to create a world full of possibilities that can help them gain more genuine customers for their products and services.
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.
Bitcoin is a means of payment other tokens are created to serve a different purpose entirely you are right that some of the coins are duplicating functions, among them there are some with unique and different idea. 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.
I am also wondering. Despite the fact that there are too many currencies on the market, new currencies will still emerge. There seems to be few projects solid in that.
Simply because they want to follow the path of Bitcoin and other Altcoins that successfully collect huge amount of money to make their projects and business to become possible. Crpto currency is a trend now in which creating their own coin is now an opportunity that should never miss that their are lot of people are coming in to adapt this crypto investments.
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