Topic: Why people try to create their own coins? - page 26. (Read 11262 times)
I think they are producing new coin to finance their projects and role their money. They simply don't want to sit idle.
People create their own coin out of necessity, the blockchain technology is useful and cut across other businesses/sector of the economy. Although this seems to be a recent trends, the more ideas that involves blockchain, the more ICO's thus more coins in the market.
I, too, believe that now too many unnecessary coins. I think that they will die in the future and will remain only coin with grinding halt after technology.
The reason a lot of people do a lot of things. 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. But there's some creating their own for a good purpose not only to earn but to bring their coin into crypto in a success level and let it be popular 
I guess it is simply cool 
And profitable too in many cases. So I guess no more reasons are needed.
And profitable too in many cases. So I guess no more reasons are needed. 
Oh no those who copy other people's coins they do not waste their time in vain. They steal other people's ideas and try to make money on it. I lost a lot of money to scammers like that. I hope in the future there will be more regulators in the crypto-currency world and there will be much less scams than now.
It's reasonable to happen because of the potential of the results are getting bigger. Crypto will certainly have a future that is increasingly good at some time in the future. no doubt it will be able to support many of the coins will have a high price increase. so if many are creating their own coins of course because it increases the wait so it could be profitable for them.
You probably have to differentiate between coins people make money in an ICO and the one that have a real use case and could disrupt the field they are used in. There are still so many markets which are almost untouched and where a coin could really change things...
basically they want people to believe in their project and to finance it. However, most of these projects do not collect the required amount of funds
Now he can create his own coin and even bring it to the stock exchange, pay for pampas and sell everything. So many people do, and you buy and more, it never rises
This is a great way to not only earn, but also get quick feedback for your idea. Also, there is a scanty chance to become super-rich.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
Many people create their own coin because of greed. They want to become an instant Millionaire. Many developers that create token are driven because of money that they can get in creating useless tokens that sprout like weeds in the field.
Due to the attention that is now focused on the ICOs there will be a lot of people coming along and creating an ICO for no other reason than to rip people off, this will happen for sure and we as a community need to be aware of this.
The coins of the project can be compared with the shares of the company. Its coins can be sold for real money or other more valuable crypto currency.
When we see all the ICO-s reaising 10-20 millions of dollars, I do not see they would waste their time Even if the project fails, the founders mostly earned a good amount of money.
Even if the project fails, the founders mostly earned a good amount of money.
some of them are just scams and some of them really believe in their idea, but somehow they're missing something i think
With greed, people try to make their own coins. If these potential coins are the dedication to the cryptographic market. But there are also scams that exploit the free, non-governmental nature of encryption to deceive people. Therefore, the community should be careful about all its decisions.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
It is because creating your own cryptocurrency and make your own ICO is so much more profitable than everything else that you can do here and people are wanting to earn money obviously.
Any of the coins that are in the market of crypto currency is an opportunity to earn. Even the worst - at some point may increase in price, many will make money on it, and the price will fall again - it almost always happens.
I think it's just because after creating a new project you can quickly and easily earn good money, it's important to have a good idea!
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