Topic: Why people try to create their own coins? - page 32. (Read 11254 times)
Profit. They have thought of making a lot of money for themselves. They thought that it will double or triple their money. There's also some intention of scamming investors to earn more.
At the moment, in 2018, It is the most profitable to buy Ethereum cryptocurrency, the payback will not take long to wait.
It is quite interesting from technical aspect, and with financial, having made that that interesting and demanded in the market, it is possible to earn not bad having released a token or to create the cryptocurrency.In the future I think many will create for themselves coins.
From my perspective, making their own coin isn't to no end. For the individuals who have amazing thought however dont have enough funding to take a shot at it, in the event that they're fortunate, they can get gigantic sum from their coin and influence their fantasy to work out as expected Smiley
The reason for this is that people are greedy and they have found out that there is a lot of money to be made from owning cryptocurrencies so they want their own cryptocurrencies but the problem is that the cryptocurrencies that they are making now are useless and scams. They just end up taking money from unsuspecting investors and removing more money from the market.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
You're correct its mostly copy and pasting of another code base
Some do it simply for fun or as a educational endeavor to learn how the technology works and others for scams or illegitimate purposes
These days you can create your own coin or token very easily with little coding skills whatsoever
They are competing to earn money by creating coins but they also have to know about crypto principles, the concept of coins must be very good and in terms of security. Hopefully it works rather than being a scam. They only cheat people.
As one of the options - to sell their own koin, raise money for ICO and fly away to live on the Maldives 
That is, it turns out to be a fraud and develop a scam-project. Nowadays, this trend is continuing to grow
That is, it turns out to be a fraud and develop a scam-project. Nowadays, this trend is continuing to grow When people or groups of people create their own coins, they have an advantage over others. This is a very good way of earning and additional independence.
people try to create their on coins beause we know what the value of the cryptocurrency in us. the popularity of the coins is very popular of you success to create your own coin. like satoshi nakamoto. he create the most trusted and most popular coin in this ibduty o thtmany people admire him to create their owned coin too.
I can call them shitcoin. Worthless coins start to show up when bitcoin falls. Most investors don't have a deep understanding of the coins invested, which gives shitcoi a chance to survive.
Because it is a very profitable investment program, thanks to which the project developers can collect a good budget for development!
When people or groups of people create their own coins, they have an advantage over others. This is a very good way of earning and additional independence.
Unique coin algorithms encourage many programmers to make their own coins, unique coins have the potential to become business brand logos in the future, but the reality for now is that many people abuse them to cheat, but basically this is because pure can be made by individuals, so there are no patents that can distinguish between quality coins or not.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Litecoin was a clone of bitcoin as was intended as a backup as well. It is still serving it's purpose until Bitcoin Cash came out last year.
Some are made with some innovations, others are created to just make the devs rich.
Because the profit from this deal is much larger thn from any other method of earning on the cryptocurrency market, but it is also too difficult and hard to get success there.
Perhaps they create their tokens, because they can be sold . Even those coins that are not valuable, buy for very good money .
Launching an ICO or crowdfunding is the new way of making big amount of money without any institution's approval.
Perhaps people have some idea that no one has yet been born, and maybe they just want to create a cryptocurrency to earn a lot of money.
Most copycat projects are either scam or speculative. They aren't improving anything nor making lives easier. So I would stay away from these. I invest in projects that are positively unique and offer ground-breaking technologies. There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
They create their own coins as they want to create a legacy or want to earn more . Investors who trully believe the benefits of cryptocurrency want to share it to other people by creating a new coin that is affordable to others.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
I believe there's more to that stand behind every person is different, and some of them are actually trying to scam people by creating their own scam ICO Project, we need to be greatly aware of those guys. Jump to: