Topic: Why people try to create their own coins? - page 5. (Read 11262 times)
People want to make money on the trend. That is why, during the general growth of the cryptocurrency market, a lot of different projects were created.
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Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC
Not because of it. I think blockchain is in fashion, so people want to create their own. Moreover, many people just try out, and I believe attempts are important. There won't be some good projects without many bad ones!
There's some article that address this thing where everyday hundred of bitcoin hardfork is being created but ended up being a worthless coin because people are doing that for fun.
Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC
Not because of it. I think blockchain is in fashion, so people want to create their own. Moreover, many people just try out, and I believe attempts are important. There won't be some good projects without many bad ones!
I don't think all project development team waste their time for nothing creating coins or tokens like you wrote. There is always a motive, either to make quick money and bounce, or to finance the project as a startup project. Nowadays we see the former instance most times, because the level of scam now is alarming. But there are still very good projects with amiable Team, striving towards the achievement of their project aim, rather than creating a coin or token and scamming the masses. Also if a new project should come up having similar project aim as an already existing project with no improvement, then it's crystal clear the team is not serious.
The reason is always the same - the desire to earn. There is nothing bad. If this is not a scam. Someone created a good project and was able to make it popular. He used all the possibilities for this.
Money is a good reason for doing something that other people may not like. It is quite tempting to take a bite to the great fortune that cryptocurrency seems to promise. I haven't heard of reason like creating coin just for pure fun. Although dogecoin may be an example but I don't believe that they don't ever consider even a little about earning money. Money is almost connected to us a basic need in this modern time.
Everyone wants to try to earn, ico brings good money . That is why hundreds of new projects appear on the market
this is the only way to earn money easily in cryptocurrency market.by making fake ico or atleast useless token they could earn million dollar from investors.
I think the crypto market is so attractive and high profits are the cause of the day when more and more coins are born. They want to try their luck on the money application to create surplus value.
You need to contact the original target people to create coins. This may be due solely to the desire to earn or altruistic desires to help other people. Most often we meet with the first category of people who want to earn, this kind of projects live solely because of the desire of investors to also earn money by buying coins during the ICO and selling them at more favorable prices.
Because they want to earn money with fastest way. You know in the world now icos are the easiest way to collect money from small investors. Because of that these guys duplicating some codes and creating some whitepaper and they are trying to collect money. That is the main reason for that.
Everything rests only on the opportunity to receive money for development, I support this idea and this is clearly a bad idea, because people's trust is not an unlimited resource, so you need to properly use it and understand that today it has a value that is still more expensive than BTC
It happens for multiple reasons. Some of them wants to create hype around themself, just make a coin and it will increase their reputation. Others make it just for fun,like Doggy coin. Another guys want to change the world and create own super blockchain 5.0 with different cool features, but finally all of these coins fail
Because they need capital to invest in the project they want to make, it's called an ICO project. They issue their own coins that means they charge the investor for what they are doing. And the value of the coin will increase and we will be profitable. That's a promise.
I regard this development as a trial to form cash, since indeed there area unit solely a couple of smart coins that area unit utilized by all individuals related to cryptocurrencies, some coins and tokens area unit in demand by an explicit audience and just some coins and new tokens is thought of as dedicated.
Because nobody controls the flow. If there were certain organization, there will be much less shitcoins and other similar stuff, but it would not appear in the nearest future.
Why is it that in vain some quite successfully copy other people's coins while collecting enough funds for ICO! It all depends on how to promote your project!
If the coins created by a person gather a lot of investors, the person will get a huge profit, but this action contains a lot of risks.
Because everyone wants to bite his piece of cake. Everyone saw a great opportunity to realize their ideas and much more. Someone saw a speculative tool here and just wants to cash in.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
Every celebrity right now owns personal cryptocurrency. It may be completely useless, but some fans will defenitely buy it. People cannot get the real purpose of crypto.
There are many and different reasons in creating their own coins.
Some of the people or group are just creating the token just to scam other people.
Some are legit groups that creating token for their ICO to fund their project to help the world and community to grow.
Some are just trash and using it for Airdrops to gather emails from community.
Some of the people or group are just creating the token just to scam other people.
Some are legit groups that creating token for their ICO to fund their project to help the world and community to grow.
Some are just trash and using it for Airdrops to gather emails from community.
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