Topic: Why people try to create their own coins? - page 72. (Read 11254 times)
It is not for nothing, developers are creating coins because of the earnings/profit that they can get from the investors. Some are doing it to scam people but in my own experience in invesment I didn't encounter such and also most developers are doing their best to ensure that the project will be successful and profitable to its investors.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
Its not a waste of time, you did not really know the essence of business, developers are creating coins to get profit and because of that, ico's are being made to be promoted and earn investors. In this way those developers will have profit from their created coin and grow its value in the market at the time goes by.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
yes there is too mang coins today on the market and more and more are coming. I don't think they are just wasting their time for nothing because they are getting profits from it and they promote their coins by means of ICO so that they will have investors to participate on the project so if the ico will become successful they will earn more profit but some ico are just scam so be careful.
Because if your project is a hit then I guess it is something that is wasted. And if you have a bright idea and a good team which can help you develop profitable coins, then why not take full advantage on that and accept whatever risk that may come because a good return always comes up with a huge risk.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Its not a waste of time, you did not really know the essence of business, developers are creating coins to get profit and because of that, ico's are being made to be promoted and earn investors. In this way those developers will have profit from their created coin and grow its value in the market at the time goes by.
There is only one reason for all of that. It is because everyone wants to make money, it maybe be legit or not. Now a days there is always a competition just like when someone built a store then all of a sudden even a neighbor in front of you will do the same store and goods that you offer. Sad facts in life.
There some reason why many people here trying to create their own coins one its because there are big income in making their own coins through trading, and also almost of us here in bitcoin forum has a enough knowledge on how to make our own coin because now is very easy to make own coins.
Because what they can gain is way more than what they can lose. Even big companies are making their own coins because of this.
Because of greedy devs that are riding the masternode hype train,story goes like this:dev makes new coin or clone eth and have premine of at least 5% saying that its for futher develompent of that coin.Then they sell few masternodes before the coin launches to early biders ussualy for few btc per node each,launch the coin and let the market take over while they abandon it and make a new one in 3 months or less and the circle continues
People either create their own coins to sell them to some people that think they are valuable or they create them just for fun. I know a freind who created his own coin and he is sending it to all his friends.
I think Neo is a copy of Eth, but the value of Neo is also very high. Neo's price is now $ 135, they make a lot of money
Actually there are so many reasons. First they need money to make their project bigger than before and get profit from it. You can success and you can fail, if your coin hype like bitcoin and eth you can get a big bucks, but if you fail, i dont know what to say
Unfortunately,people use coins for making money and that's all(( Just Scam(
high coin prices cause a lot of people or companies to make new coins to get big profits, some of them take out nice coins and can make us also enjoy it so I do not think wasting time if we spend time for a good coin
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
There are many reasons behind it i assume. Firstly people like to create own coin might be for a good cause or bad course. Some might want to create a coin to earn money purely or is want to improve on some lacking aspect of certain thing like insurance. Furthermore i believe that creating more coins is beneficial to us as investors and competition brings out better product.
they making money obviously, make they own ICO and new coin is the reason to invite people join they project or ICO. with a team and support ICO will success and new coins has come out in to market.
The main purpose of making coins is to get a profit. I very rarely meet projects that have a real product useful for community. Most of the coins are created for speculation and in order to make the project team rich.
I agree with you, if we take a closer look at these ICOs for instance they are existing mostly for profit, they do not offer anything outstanding that they will require their own token. I guess all of them should do something like KU shares and similar tokens to give bonuses to investors. Other than that to have real use on their platform is not what they should go for. Because who on earth will keep up which coin to buy to use certain service? I'd tell you,nobody.
Many people trying to create their own coins because they believe that if they create a new coins and many users invest in it he or she who create that coin will be an instant millionaire because of that coin that's why many people trying to create their own coin, but it is so hard to create it and put it in the market because there has so many process for it to be on market.
People tend to create new coins in order to compete with the current coins we have, Imagine if your coin gains the popularity of bitcoin then price with one coin will sky rocket you will be an instant billionaire, especially if you control the number of coins. I also see another reason is they want to improve the current coin circulating. Not all coins are perfect so there is always room for improvement plus added new features to the coin, in that way it will compete with the current trend.
Because there was a gap that hasn't been met...
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Check out this new coin, already on exchange! ROI looks very good! Medical Cryptocurrency with Masternode!
https://bitcointalksearch.org/topic/ann-medic-coin-foldinghome-gpu-mining-masternode-coin-2753447
Do your own research, study your own investments
and luck will come to you Jump to: