I discover that many people are now creating their own cryptocurrency. How profitable is this and are they legit?

[Ziki]

Less I know about crypocurrency only that I know little about Bitcoin. But this day, I heard of so many cryptocurrency which are all strange to me. Please, how profitable are they and do they all legit?

Yeah.. I've noticed the same also. A lot of persons are now creating their own coin. It's like creating your own money. Football club now sell ticket in crypto as well.

 

[Kingsley]

The market keeps expanding by the day and this is why we keep on having different type of coins by the period, but not so many of them are so active. Looking at the legality of course they are legal, it was designed by people and they program it to make profit when it becomes saleable.

 

[Sotherefore]

All this shitcoin are cryptocurrency with no reasonable potential,if you're investing in this type of cryptocurrency you should only invest to take a very quick profit from it and get out from the market because there is a possibility that it is just a pump-and-dump cryptocurrency.

 

[Sincerem]

It doesn't go as planned the way its been said. In order to own a crypto coin, one needs to find financial stability high. Pay programmer to help you create your crypto coin, for those who understand how it works.

 

[Monster Masterpiece]

All this shitcoin are cryptocurrency with no reasonable potential,if you're investing in this type of cryptocurrency you should only invest to take a very quick profit from it and get out from the market because there is a possibility that it is just a pump-and-dump cryptocurrency.

You can make scapling strategy using a verified binance account you can make scalping for one hour or one day it doesn't require a big amount of money like for example 10 $ of dogecoin and you start trading.

 

[richee84]

It is very correct that many cryptocurrency are emanating everyday and the fear of been scam is in the mind of everyone. The little I know about cryptocurrency is that is best for u to trade with the coin that have been listed on a trusted platform like Binance, Coinbase and so on.

 

[eLdavis]

Some could actually be scam coins tho, so you need to be careful when dealing with new coins. And most of them do not get launched after creation. I have seen alot of coins that in thr end they where never launched

 

[Sotherefore]

You can make scapling strategy using a verified binance account you can make scalping for one hour or one day it doesn't require a big amount of money like for example 10 $ of dogecoin and you start trading.

most of these shitcoin i am talking about is not on binance and as a result of this you will only be able to get it on pancake swap on trust wallet and that is what I have been using to trade it ,sometimes I lose and sometimes I gain more.

 

[Sincerem]

You can make scapling strategy using a verified binance account you can make scalping for one hour or one day it doesn't require a big amount of money like for example 10 $ of dogecoin and you start trading.

He's already a trader via pancakeswap exchange, trading shit-coins and so so on. I am only engaged on trading and utilizing other options to earn from crypto investment over at binance exchanger.

 

[Setfragil]

Those who are creating cryptocurrencies are those who understood cryptocurrencies very well. People have learnt and understand the purpose and importance of cryptocurrency in exchanges.

 

[Jlife]

It may not be all that profitable and beside I do not invest in all this cryptocurrency, most of the cryptocurrency I am considering for long-term investment are dogecoin and tron, I don't have time to invest in something I do not know.

 

[Sincerem]

Those who are creating cryptocurrencies are those who understood cryptocurrencies very well. People have learnt and understand the purpose and importance of cryptocurrency in exchanges.

It isn't easy to create one. Lots of airdrop have come and go, only few of them succeeded in their long time plan of coming live into the Cryptocurrency market.

 

[Senator]

That you see many people creating their cryptocurrencies does not mean it Is worth something either. Not every cryptocurrencies you see are worth called cryptocurrency to begin with. They're are just there for name sake

 

[Sincerem]

For you to create your own crypto exchange site you need to buy a clone script software to help you write those scripts you see around forex trading bar chat or the wallet where you're able to tap any coin and it opens for you well. That's one of the essence of buying a clone script software.

 

[Josemendez]

The rate at which new coins erupt in the cryptocurrency sphere is increasing. The fact is that these coin developers make huge amount of money whenever there is a buy of their coin from exchanges.

 

[Patrik]

it's profitable only if you believe that you are going to give it the potential that it needs to make some success, otherwise, everyone could be rich

 

[Jlife]

it is not advisable for you to invest in such cryptocurrency because most of them are pump and dumb and sometimes it is risky for you to invest in it because of the possibility of crypto whales dumping on you, invest in establish coin only.

 

[Ltherman]

So many shitcoins profilerated the market place a couple of weeks back and its still on the rise. It seems some of these tokens can be spit off some of the already established blockchains some of these tokens have done well in the market and some have pulled the rug off people's feet.
One just needs to be careful out there, also don't think its that difficult to create one.

 

[Ralphjoe]

Yeah its true, a lot of people are now wanting to create their own crypto currencies and are using etherum and eos block chains to do it. Digital currencies are just a starting project so you should expect to see even more of these coins. You should know that they are absolutely legal but you should be careful in order not to fall victim of a scam.

One thing that I know is that for an individual to create their own cryptocurrency would be quite difficult as it's very expensive but what most people come together in group to start up their cryptocurrency.

 

[Sotherefore]

Most of the cryptocurrency that is created by people are not really profitable and most of them are always pump and dump, you really need to careful with this type of cryptocurrency because they has higher possibility of experiencing rugpull.