Why people try to create their own coins? - page 49.

reality18

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Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

There are so many coins because people are now getting the concept and significance of the Blockchain technology, hence tapping the essence of this innovative technology into their company, businesses, sectors etc. With time, i believe every company or business will own their cryptocurrencies to facilitate payment method.

jojowar

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People try to create their own coins because of profit or money. Either it is legitimate or scam. If the project becomes successful the coins becomes very demanded so its value will increase.

maiden

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Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

They create their own coins Because they dont have enough capital to work on it, they made it to finance their self and to earn easy money because it will become a side profit for them. Some people do this to deceive others but not all. Additional, for me, they want to know how it feels to be able to develop your own coin and project.

Tilysoo

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From my point of view, creating their own coin is not for nothing. For those who have excellent idea but dont have enough capital to work on it, if they're lucky, they can get huge amount from their coin and make their dream come true.

FernandaSorez

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Activity: 238

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They do this for fraud to similar coins to sell not experienced beginners or just throw their coin on the market to then develop it! And of course it is easier to make your coin written already someone key. But basically it is an introduction to the market and an easy way to earn money,only it is not correct and these extra coins just clog the information field of development for the crypto industry!

SpringfieldM1A

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There are many reasons for this but mostly; to make money. That doesn't mean they are scam. They are putting in time and effort for the project because they expect to make a living out of it.

Script

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They just wanna earn an easy money. but in my opinion, it is too late to start your own ico without having even alpha version. nowadays, crypto people become smarter while investing

athiftammam2018

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The simple reason they do such a thing is because they might just want to be like the nakamoto satoshi the bitcoin inventor and they want to create an ecosystem environment in hopes of using their own coin to make it easier.

mbm_ico

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It's very simple - because they want to earn. But if we talk about honest developers, they create their own coins and projects in order to popularize the crypto-currency industry and take their place in the crypto world.

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sr. member

Activity: 331

Merit: 250

Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

Innventors are not probably create their own coins because it is depends on the campaign that has been made their own plans. Some of them not intentionally became shitcoin or some of them use to scammmed a members but the truth is they are wasting your time not their time. Mostly happens that they create coins for a profitable value of coins instead to invest with same coin in order for them to have a chance in acquiring a higher value of coins.

Neerce

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At this time, there are many reasons. Some people want to create something new for society, they come up with new technologies. Others just want to make quick money

so98nn

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Quote from: tuljan on June 18, 2018, 02:36:33 PM

Quote from: halehale on June 18, 2018, 09:02:44 AM

The main thing is that they are eager to make money on this, but they do not know much about the key principles of crypto. Therefore, they decide to make their own coins, most of these undertakings do not lead to success, because of which they supplement the list of unsuccessful projects.

I disagree on that one, I think that they know it very well but they do it anyways because it's profitable to make one coin and dump it as soon as you can so you can make another one.

True! Excessive creation of tokens or coins is just to make side-profits via pumping and then dumping. But it doesn't mean whole crypto ecosystem is infected by this. There are several projects which are commenced with a view to deliver product and solve some online problem. Like Remme solve the major problem of online security through its product and that's why its ICO was subscribed within 24 hours. If people invest in such coins, I bet no one will regret his investment.

tuljan

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Quote from: halehale on June 18, 2018, 09:02:44 AM

The main thing is that they are eager to make money on this, but they do not know much about the key principles of crypto. Therefore, they decide to make their own coins, most of these undertakings do not lead to success, because of which they supplement the list of unsuccessful projects.

I disagree on that one, I think that they know it very well but they do it anyways because it's profitable to make one coin and dump it as soon as you can so you can make another one.

halehale

newbie

Activity: 84

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The main thing is that they are eager to make money on this, but they do not know much about the key principles of crypto. Therefore, they decide to make their own coins, most of these undertakings do not lead to success, because of which they supplement the list of unsuccessful projects.

tuljan

newbie

Activity: 112

Merit: 0

Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

For nothing?
They do it for quick buck. They make a coin and after ICO they abandon the project. There are many shitcoins with that kind of background.

Dimm_bounty13

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Tokenize Everything - https://www.udap.io/

Quote from: jameshowlett on June 12, 2018, 10:30:52 AM

because they believe that they can help other people. However, other might think that they can earn money from this activity

Nobody creates a coin with a single idea of helping people. The goals are profit, leadership, realizations of ideas or making up lost technological opportunities! It's the market of wolves, not sheep!

Dimm_bounty13

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Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

Everyone would like to gain his profit and everyone has his agreements, investors, and markets. And then only time will tell! Competition is a good thing, so everything is going in the right direction!

phedralalie

newbie

Activity: 22

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The only key factor behind is to earn money.Some projects are valuable,successful otherwise fail.Now a days some companies are also involve to create their own coins,in this way they gather clients,which attract their products as well.

Carina.P

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Everyone wants to prove that their projects and plans are successful and that they can get good returns. This has produced countless projects.

MiningSensei

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Activity: 766

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because most of them just want to see how it would feel to be able to develop their own coin and to raise millions of dollars from every crowdsale, maybe that is the main reason after all

Topic: Why people try to create their own coins? - page 49. (Read 11262 times)