Topic: Why people try to create their own coins? - page 61. (Read 11262 times)
Some do it for the sake of fraud, and others of course for profit, because it is a good analogue of the shares, as if their projects will be successful, respectively, and the profit from the coins will be high.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
The answer is very simple: it is possibility to earn money.They create new coins with some premined amount of these coins
All the money in the world has created people. The only advantage of virtual money is that you do not become a counterfeiter when you make production. You can earn money to sell your own money if you have enough naval assets.
I think that people want to make money on the creation of their coins, and therefore create similar, well, maybe this desire to do something their own.
in any case it's better than doing nothing.
in any case it's better than doing nothing.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
They don't waste their time. Different coins or tokens are valuable to each and everyone because they have the freedom to choose what ever they want and if the token or coins that they chose or invested into are not available anymore, there are more to choose from. That's just like banks all around the world. Like Blockshipping’s Global Shared Container Platform (GSCP) is designed to make key processes in the global handling of containers significantly more efficient and thereby solve some of the most important problems in the container shipping industry today. See, they choose what key demography that they want to target. I think people saw a lot of potential and opportunity in crypto world. By creating their own, they think they can profit it. There are no doubt that there are a lot of coins out there who are just a copy of the other. Those coins are just there to scam investors. But there are also coins that are unique and functional. The problem is, those legit coins are very hard to identify.
yes, what is in crypto is very likely to gain profit, in fact all coins are created to have a price and as a new breakthrough of the existing coins, but it is currently a lot of the same coin but most likely to be a competitor or see there is a chance in coins previous. we can'tt judge that it's a waste of time to even give us a job and later get results because the most important is not the scam or the deception that's why it's recreated.
I think some people just want to make themselves look more cool, and it's really cool to have their own personalized coins.. But some people simply want to be a fraud, so for any ICO we need to be careful if you want to participate.
To make money. It is simple like that. All coins excluding Bitcoin are created in order to gain some profit. Especially shitcoins want you to invest your money in their token and then the devs cash out. So be carful where you put your money in.
It's actually simple. To make profits out of it. Remember last year where airdrop is a thing and a lot of shitcoins are created and the Bitcoin community is starting to boom? That's the time where investors are really not researching things and stuffs and just blindly investing into coins that looks cool and they think they have potential for the hope of someday making bucks into the crypto space. But that's also when those coin developers starts creating coins and advertising them, waiting for a few days, then dumping all their coins leaving some newbie investors in grief.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Only one reason is to make a profit. That's why everyone wants to make their own coins.If they are not serious about developing the coins then they will just go away after earning a profit.
Dont invest in a project that have no serious in development. Dont invest in project that dont have even MVP. Dont invest in project which has not experience team.
There can be only two reasons why people are creating their own currencies. The first one may be that they want to put in to practice some of their ideas regarding crypto-currencies. The second reason can be these people are trying to con the unsuspecting crypto-investors, by asking them to invest in their currency.
I think people saw a lot of potential and opportunity in crypto world. By creating their own, they think they can profit it. There are no doubt that there are a lot of coins out there who are just a copy of the other. Those coins are just there to scam investors. But there are also coins that are unique and functional. The problem is, those legit coins are very hard to identify.
I think this is due to market immaturity when almost any coin can gain a significant market cap. Over time these coins will lose value as the market gets more sophisticated. Right now there are arguably too many coins.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
I think it is because it gives you a bigger income and a bigger opportunity. Also, because it is money. A lot of people can make coins easily. 
the main purpose is money, because the current level of crypto users is increasing very rapidly, and each of the developers have different ways to cultivate the coins they create. so from every sale up to the price movement of coins that have been marketed the developers benefit.
The reason I am thinking about creating a coin is because I truly believeThere are, no doubt, many reasons for creating your own coin. my idea has not been executed before.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Now even a housewife can make her own coins because there are even those who offer the complete package at a price that can be considered very cheap.
Now all startup can make token and collect money. Partly really for project development, but some do not even have any plans with our money.
There are, no doubt, many reasons for creating your own coin...
- Actual Utility as a cryptocurrency, where the new coin builds on previous tech and is superior in functionality/speed to previous coins (sadly, not many fall into this category anymore)
- Profiteering, but with a legitimate end use (high percentage of total coins retained by dev)
- Scam (looking to make a quick buck)
- Experimentation (to simply see if they have the skills to do it)
- Actual Utility as a cryptocurrency, where the new coin builds on previous tech and is superior in functionality/speed to previous coins (sadly, not many fall into this category anymore)
- Profiteering, but with a legitimate end use (high percentage of total coins retained by dev)
- Scam (looking to make a quick buck)
- Experimentation (to simply see if they have the skills to do it)
I think some people are indeed utilizing this technology to only benefit without the real project. If you can make money yourself, without any authority that says your money is genuine or not, I think it is not strange if there are hundreds of coins coming in at the same time.
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