Topic: Why people try to create their own coins? - page 67. (Read 11254 times)
They need to do so to get their project development funds. They develop their own pennies to signal investor confidence and hold. So investors are willing to buy and hold their coin waiting for the price increase.
A lot of things have happened in the past few weeks in the Ethereum ecosystem, so many that it might be hard for a casual observer to understand where we are and what’s available out there. So I would like to use my first post here to give you an overview of the tools we’ve built and how you can use them to build interesting things right now...
People try to make their own money apparently for personal purposes. Blockchain technology is the basis of the Cryptocurrency market, forming Bitcoin and Altcoin. The role of the Blockchain platform is recognized by many countries and applied to the financial and banking system in their country. However, the management of Bitcoin and Altcoin is very difficult. The government can not manage and tax on transactions in electronic money. So, they want to create electronic coins to serve their country.
Yes, they realize that blockchain is the technology of the future. It goes without saying that they have serious intentions to earn a lot. They are hoping for a success of their coins and they do it.
Create your coin is not so difficult,but people do not understand that this is a very difficult job that requires time and money.It's not that simple today.
The main thing is they want to make money out of this and they do not have much knowledge about cryptocurrencies so they make their own coin and most of them don't get any success and they add in the list of fail projects. I only join those project which really looks good for the future.
Creating your own coin will help you to attract investments and thus to earn money whith a low investment price.
Some of them have a good idea and serious project, so the main target is to develop good product poweres by coin, some of them just scam... and some of them just want to make money on ICO and thats it
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
Because they have different vision compared to other dev so that's why they create their own coin. Almost all coins in crypto is a fork from older one so it's not a rare case but they will be different once the development start because each dev has his way of doing things. People also want to be rich and they want to do it by creating a project and hope later it will be famous thus he can sell his stash for a lot of money. There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
there are so many problems in crypto world and so many coins needs to be created, is like when you build house u need plenty of materials and etc and in crypto each coin like in house building should do smt usefull, btc and eth cant solve all problems
the reason for which people create own coins - it is simple because they want to get from it profit. as well as any business models if it is demanded, it is the interest of business owners. someone grows rich on it, and someone grows poor.
They don't waste time. That's the speed. Try to make people feel they are trying to improve themselves. In fact, it's all about making more money.
Many are scammers and you need to be extremely careful as many will do exit scams like we saw with savedroid ICO recently. Its disgusting but people do it unfortunately. Its an easy way to make money 
Most of the coins are made for pure speculation and to raise money. I see so many projects that are not ready to be on the market, but they are already. Or some that are so clear that will not be successful, with no idea or just meaningless, but they are also run. For me the main reason that people are making bad projects is that they want to make money.
if it has the same purpose as me, that is to make my own coin and also the ICO project itself. by receiving many participants and also trying to reward a large and successful ico project. after which the coins can also survive in the midst of the current crypto industry competition, and the price can be in the pump to be an alternative investment assets in addition to bitcoin and etherum. I really hope it happens, but I think it will be difficult and also a long process.
It depends on the person or group of persons that develop the coin. Some have a really promising program while others are just want to gather some funds for their personal gain. After they got the money, they just ran away with the money. But there are also people who are genuinely interested in developing a certain coin for a specific reason.
As the transaction volume and the amount of money increase in the crypto-currency stock market, people are increasing on the spot. they are trying to produce new projects and set up teams to produce their own coins. they want to make more money because
Each frog wants to extol and be proud of its swamp. Well, to be honest, people pursue the goal that their idea will be to invest the money for these coins, and then if you suddenly will be able to collect the desired number of means, success is already navryatli will leave you, and these coins will bring you a difficult estimate of the state.
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.
People try to create their own coins because they want to develop thier own projects and apply their own ideas to it. Most important is to gain profit from it. But most of them now try to create coins to scam their investors to get money easily. Even though they knew that it will give negative effects on crypto world.
The reasons behind are various, some people like technology, some people want to develop projects, some people want to create scams. So we need to learn to distinguish their value.
Jump to: