Olga
Acquaintance
Recently we have seen so many cryptocurrencies rising up, blockchain is maybe the future. If you had the knowledge and the tools and also knew the risk of the whole process would you start your own cryptocurrency?
Starting a cryptocurrency
- Thread starter Olga
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Omotolani
Acquaintance
Regarding starting a cryptocurrency. I don't think I would create my own cryptocurrency, I might probably reconsider if I know fully well that my coin will do well in the market and not remain stagnant for a long time. I prefer to invest in trusted cryptocurrency
There are many crypto currency out there, like bitcoin, litecoin ethereum , block chain e.t.c but the problem is none of them are stable , they are either in the rise or fall, and there is every posibilites that more coin is still coming, so for now I cannot start my own cryoto even if we have.
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Well, first of all I should really get to know all about the Blockchain and possess all the tools. This would be absolutely not easy for me.
So, for the moment, my answer would unfortunately be no.
So, for the moment, my answer would unfortunately be no.
Business news stated that Dubai is about to launch it's crypto currency in the country as lesser than a dollar, a lot of corporate bodies and individual are going into the crypto market but I still do not feel the need to own one.
At this moment, I do not have any desire to create my own crypto currency. I believe the crypto market is heavily saturated and a lot of cryptos will not be even listed on exchanges.
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Its So unfortunate that some crypto project this days are fraud... They have no physical importance to the human environment. Don't be deceived about coins they aren't real...
I think that it is a very good idea to start your crypto especially if you have your own business because then you can make payments in that currency between you and your customers and this will help you in advertising your crypto as well.
With the rise of so many new blockchains all around the world, it has become so easy to create your own cryptocurrency with minimal resources using already created resources or templates from existing blockchains.
Tha BCH blockchain that has the SLP make it easy for anyone to instantly create a token, Tron and BSC blockchains also give those leverages at little or no cost too.
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This is true somany people are rushing to get involved in the crypto currency trading because of the enormous benefits they stand to gain. But one must as well consider the risk involved in the market. It is very necessary for one to have a very good knowledge of the system before getting involved.
I may not start my own coins even if I have all the tools that it takes me to mine it. The mining process is energy waster. Besides there are many coins out there already.
Your first priority when you want to start up your own cryptocurrency would be starting up a website in which your cryptocurrency would be based and then you can start up the programming for your coin.
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We can't all start our own crypto currency because the value of the coin will depreciate and its like you are saying you don't like the currency your country I spending and you decide to have your own currency.
Starting cryptocurrency business I believe there are so many cryptocurrency at there that one can start and start making money from it, when you have good knowledge of it.
Probably but that's would still be for a long time to come because at the moment starting my own coin is the least of my dreams but like I said maybe it can happen in the future
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I am very interested to learn how a crypto currency s created. I want to learn the entire process, not because I want to launch a new coin but because I know to know
It is advisable to start a cryptocurrency investment presently and now because with time the world will embrace cryptocurrency and all transactions will be carried out through cryptocurrency exchange
for you to start a cryptocurrency, you need to have at least people who are ready to invest heavily in your cryptocurrency because that is what really drives a price and public acceptance.
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Although i don't find it interesting, knowing how to create blockchains and building a coin but i feel that its easy being that people use this to scam people.
I do not think I will start my own cryptocurrency. I do not have the knowledge and the skills how to go about it. I have just joined the world of cryptocurrency four years ago. I do not have plans to buy and sell my very own cryptocurrency.
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