Why people try to create their own coins? - page 22.

bajindul88

member

Activity: 303

Merit: 10

Quote from: Astrilian on September 02, 2018, 09:58:43 AM

Quote from: Tearz on August 22, 2018, 08:28:31 AM

Answer is pretty easy for this question mate, 99% of those who create a new coins just want to raise easy money, however 1% of people are really interested in crypto technolgy and want to cuntinue dvelop and support own coin or token.

You really believe that 99% of projects have no intention to develop something and just created the coin to raise money? How did you get to that number and that conclusion?

Right, Conclusions that have no basis and strong evidence, conclude something without strong evidence is same as slander, many projects have good intentions to develop and want project to succeed as well as bitcoin. but problem here is that many Dumpers and rival projects compete unhealthily who deliberately overthrow other competitors so that project can overtake other projects.

Astrilian

full member

Activity: 350

Merit: 112

Ecosystem for Fundraising DAOs — ICOs 2.0

Quote from: Tearz on August 22, 2018, 08:28:31 AM

Answer is pretty easy for this question mate, 99% of those who create a new coins just want to raise easy money, however 1% of people are really interested in crypto technolgy and want to cuntinue dvelop and support own coin or token.

You really believe that 99% of projects have no intention to develop something and just created the coin to raise money? How did you get to that number and that conclusion?

snipernumberone

newbie

Activity: 85

Merit: 0

People got serious and frustrated with the ICO, and spent time and effort running the company's projects with bonuses just to create their own coins for quick money making.

cryptosyss

jr. member

Activity: 157

Merit: 1

Because the cryptocurrency market is very attractive as a platform for earnings. This will certainly bring a positive result.

coook zamk

newbie

Activity: 69

Merit: 0

So many scams now it's silly. Create a crap coin, get a bunch of people to buy it, pump it on an exchange and sell everything to disappear on an island for the rest of your life.

Sonik33

jr. member

Activity: 138

Merit: 1

In my opinion, there are many people who want to create their own partners because they are ambitious to get big profits. they want to become ICO managers and investors' money managers so they are determined to create their own coins. but most of them fail because creating coins is not based on technological innovation. besides, this failure is because they created coins without careful and clear planning so that the project stopped in the middle of the road. yeah you could say they don't have a smart strategy in creating new coins. what they spend actually is mere ambition and euphoria because of the many new coin creation.

Pet240

jr. member

Activity: 486

Merit: 3

It got to a time, when i saw the influx of coins into the crypto space,i started thinking on how i can also get mine done, but i do not want to bring in a shit coin into the space. So i just have to be patient to learn more. I think several of these developers are just after profit.

Teal Deer

sr. member

Activity: 714

Merit: 250

I think they're doing it to keep their lives simple. Why come up with something new if you can take a ready-made. Many people work on this principle and it surprises me. I don't know if it's good or not. But still this fact confuses me too.

r_u_m_s

jr. member

Activity: 120

Merit: 1

W12 – Blockchain protocol

Everyone understood that finally came the moment when the crypto currency begins to grow sharply as a market, that now it will be profitable to make investments that will certainly bring not a small profit in the future, you only need to properly bring your product.

MyCryptoCap

jr. member

Activity: 61

Merit: 1

W12 – Blockchain protocol

The development of crypto currency and especially its growth in recent years, of course, did not leave without attention not only countries, enterprises, but also ordinary individuals.

load1ng

newbie

Activity: 246

Merit: 0

I think that most of the coins are created for speculation. The coins do not give any benefit to society. But there are also good projects designed to improve people's lives.

David bente

newbie

Activity: 87

Merit: 0

Because what they can gain is way more than what they can lose. Even big companies are making their own coins because of this.
Lips sealed

tom14cat14

hero member

Activity: 826

Merit: 500

There are many reasons and factors. Sometimes there are real ideas that people want to perform. But there are a lot of exceptions, when people just want to gain money on nothing. In this way scam projects can appear

Nicolas Bebek

member

Activity: 335

Merit: 10

of course because a lot of people who want to have the same opportunity in crypto. Crypto is a freedom, so the coins there is also free to anyone who makes it. So a lot of people want to try to be the maker of the coins.

anume123

full member

Activity: 700

Merit: 100

Proof-of-Stake Blockchain Network

I think so they make dummy coins that do not have to be in the world of cryptocoin because they're also making money with investors and earning money for people scams.

bellaayu

member

Activity: 644

Merit: 10

Yes, I can see that they have an idea to make coins and can make money. And this I think is very good because they certainly are getting clever in the crypto world. The most important for me is to remain cautious before investing in coins crypto.

adpinbr

sr. member

Activity: 1078

Merit: 254

because they think that it is easier to get profit when you got your own coins. Though I like to question where does the money come ftom? because I think crypto can create unlimited money that can surprass the number of any fiat money.

zhelis74

full member

Activity: 510

Merit: 102

Quote from: grifinmch on August 30, 2018, 12:35:03 AM

they are aware of crypto is the field potential. so will many who want to get a result from this for profit. just look at the beginning of the large coin that there are certainly many are tempted to get profit from it by creating their own coins with the goal of great results in some time to come.

I think not only the profit is the reason for so many new coin born as people's life is now getting ease and easier because of the new technology and every ICO is having different platform they bring to help people in this highly modernized world and of course profit in this money driven world.

cryptodammy

newbie

Activity: 46

Merit: 0

Some of this people have good intentions as there are thousands of problems in the world economy creating a token or coin to solve it is good but I am of the opinion that with time it won't be this simple to just create a token or coin

bunmilove

newbie

Activity: 102

Merit: 0

I think some are just creating tokens or coins so that they can feel like they create money and they have no real objectives or mission

Topic: Why people try to create their own coins? - page 22. (Read 11254 times)