Too many people are starting their own cryptocurrency

[Immilash]

New crypto currencies coming in to the market is a great deal. Ones we have enough crypto currency the market will be very competitive as for wich will allow us to get access to all we needed

We have lots of them online I don't think it will be of a much important for people to be creating new cryptocurrencies, the ones we have are enough, we have thousands of cryptocurrency in the market.

 

[Syldan]

Actually owning a cryptocurrency of yourself or investment is not bad but people are becoming to used in a way to cheat their fellow human beings and that is a very bad idea.

 

[Immilash]

Actually owning a cryptocurrency of yourself or investment is not bad but people are becoming to used in a way to cheat their fellow human beings and that is a very bad idea.

That's true, if you can earn money from it that will be a great idea, but a lot of people are using it to scam newbies online not even newbies they use it to scam people online.

 

[Mohammed Rashid]

The main goal of many of these individuals is to rug-pull their token holders. In order to make it look as though their coin is popular, you will see them purchasing phony upvotes on Reddit. Unaware coin investors will be persuaded to invest, and they will wind up with a large number of worthless crap coins.

 

[Bigron]

Cryptocurrency has taken over a lot over the years. But, I feel like there are far too many new currencies popping up. From celebs to sports starts starting their own thing. Do you like that there are more and more currencies coming out? Or does it worry you that you may be getting crap from these new cryptocurrencies.

Just let it be known, be careful when investing in new currencies. You never know exactly what you're getting yourself into.

It's true that there are many coins available, some of them are nothing more than Ponzi schemes. Before they are made available to the public, there should, in my opinion, be some kind of legislation and criteria.

 

[Danny4cash]

Its true that a lot of coins are being introduced everyday, but most of these coins are not going to stand the test of time. That's why it's so risky to invest in new coins. Many of them will vanish in no time.

 

[Treborika]

As far as I am concerned I have not been fully convinced that crypto currency trading can make me financial stable from the word go.
The sector is very risky unless you learn some skills on the same you can loose your capital.

 

[frederick_9]

But I can't really hold them responsible.
Every business is affected by the same problem.
People tend to enter a certain line of work with the idea that if this person can do it, so can I when they see someone succeeding in it.

 

[Sincerem]

I don't know the reason why so many people are eager to start up a cryptocurrency even when these cryptocurrency does not have any value. It is not generally nice to start up a cryptocurrency that will not last just for the sake of accommodating money and duping people at the end.

 

[Skysaint]

I really thought that starting a cryptocurrency coin is actually very easy but I was wrong, it's actually difficult and that makes me wonder how so many coins are flooding the market everyday. I think they are not being very strict with their conditions for developing cryptocurrencies.

 

[Ronny_4son]

Cryptocurrency has taken over a lot over the years. But, I feel like there are far too many new currencies popping up. From celebs to sports starts starting their own thing. Do you like that there are more and more currencies coming out? Or does it worry you that you may be getting crap from these new cryptocurrencies.

Just let it be known, be careful when investing in new currencies. You never know exactly what you're getting yourself into.

The sudden establishment of new cryptocurrencies by individuals is a major factor in the proliferation of crypto as a whole on the market. This makes investors uneasy, no doubt. The requisite research on these coins need to be done before any possible investment