anyway those tokens' price is so conditional, and they may cost nothing tomorrow. 
Topic: Why people try to create their own coins? - page 73. (Read 11254 times)
People are just trying to make money. if they have to emit their own coin for that, so why not? anyway those tokens' price is so conditional, and they may cost nothing tomorrow.
anyway those tokens' price is so conditional, and they may cost nothing tomorrow. There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
They are not wasting there time. Making new coin is a good opportunity to fulfill there project through ICO. They can ask people to invest on there project and in return they give there investors a token. The aim of the investors is to earn good profit from the token once it hits in the market. Same with the project owner and developer. Much Money in return.But the problem in here is not all ICO is a legit. Some developers are after only on the money from there investors and give then a shitcoin.
Investors should do some research and scrutinize the project if it has potential to realization to prevent being scam prior to invest because these ICO are not regulated by any financial authorities or a third party institution.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
how could you say its nothing?iwhile most of them are scammers,and scam ico sometimes gain much more money than those legitimate ico..they promote the coin as if the project is real,even experts hard to distinguish which one is fake and what is real.So the bottomline is MONEY.even what the ico or the whole team achieves the gaining is indeed.they are making coins to make money
as developer to release of goods and service from the distro then might to flags of chance with manage of finance accounting and the attachment with the systematical blockchain of eth network to gains with appreciation of the ideal name of service with the administrative arrange as registering movesment of funds with the ledger of book keeping.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Look at how many similar businesses exist in the world (and in every city) and the answer will become obvious. There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
They are not wasting there time. Making new coin is a good opportunity to fulfill there project through ICO. They can ask people to invest on there project and in return they give there investors a token. The aim of the investors is to earn good profit from the token once it hits in the market. Same with the project owner and developer. Much Money in return.But the problem in here is not all ICO is a legit. Some developers are after only on the money from there investors and give then a shitcoin.
Investors should do some research and scrutinize the project if it has potential to realization to prevent being scam prior to invest because these ICO are not regulated by any financial authorities or a third party institution.
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.
This is not a waste of time. Some want to create a project that will boom or look like other coins. Some use it only in order to win and deceive others.
As there are so many business and startups coming up everyday so will they move to blockchain and smartcontract to seek funds. That is the result of plenty coins on the market. Most coins are tokens issued to fund startups and is a good direction because without bitcoins and crypto, these coins will still be availble since the business will be operating.
why there are so many different cars? are there too many? The bottom line is , that good projects ( tokens,coins) will survive, others wont. And as a consumer I like the diversity because it gives me a lot of options. Also gives a lot of options to get rekt. So choose wisely.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
many want to create their coin just for fun fooling newbies and un experienced trader to buy their coin either thru ICO or asking donations from airdrop. will others want to prove their idea has potential and can benefit people and services in general
There are many reasons, they really want to work on their project and also help people. It can also be for their own interest such as stealing investors' money. More so in our world and we would just be stupid to hope that their token increases the price and we can take back the investment of nearly x100.
Because they see need that are not been met or they are working towards creating a service that will help a particular market or existing product in order for people to have superior technology as basis for excellent service or better product.
many coins that have long been in the market I think the coin is a good and not a duplicate or copy of other coins eg eth
People create their own coins for profit and fame.All businesses aims at profit and you get fame if your coin is accepted and in demand by the crypto currency network.
Profit is the main reason why the developers are trying to put through their new innovative coins. There are the few of developers which are driven by the desire to show the world the new discovery presented in the new blockchain technology that can shade the current coins on the market.
There is also the group of the scammers which are thinking about the new ways to scam the investors by making them believe they have a legitimate project.
All of the investors are looking forward to new coins because they are comparing all of them to the Bitcoin and the Ethereum which were once low in price and to the investors which invested in them early they have brought the fortune.
I think that most of the coins are created for speculation. The coins do not give any benefit to society. But there are also good projects designed to improve people's lives.
I guess because they see opportunity that has not been explore and the fact that such opportunity could secure their future bring great success!
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Money is behind why many coins are created. They will not wasting there time if they will get nothing. Crytocurrency has no regulation body to check if it is legitimate projects or not. The competition is open to everyone and it's a good business.Investors should always research first the ico and the team behind before investing to minimize being scam.
Obviously getting returns would be the goal, but some of them actually have a vision for the coin(s) they create and that's what makes them legit.
I think it actually depends on the individual/company that creates their own coins. Alot of the times their main motive is just to earn money and many of them don't care about anything else. Still sometimes people try to do something good and introduce new features which can make things more convineant. As people sa how succesful bitcoin became, they wanted to launch their own cryptocurrency as they saw that people became so determined to invest into cryptocurrencies and ICOs.
Jump to: