Too many people are starting their own cryptocurrency

[ahmedo24]

Over the years cryptocurrency has been doing great. It has not gone to be like bubbles that burst into the air as what haters of cryptocurrency has spoken against it. I just trade only in top 100 list of cryptocurrency from coinmarketcap.com. I also have the knowledge that there are many new cryptocurrencies that are popping up but I do not give it my attention because I fear that it will just take away my money.

I love your concept because it is safe , personally I love trading coins that listed in popular exchange platform like Binance and coinbase because such coins don't crash as such.

 

[Good-Person]

Well, too many people are nowadyas trying to create their own coin and I really wonder why many big companies and corporations have not created their crypto coin yet.

 

[Emmy]

The investors have just to be extra careful before choosing any new currencies, because many are not just intended to help but to destroy. However, this is not new, it is also applicable to businesses offline. One just has to be wise

 

[Snazzy001]

There are too many cryptocurrencies so that people will like the cryptocurrency type to specialise in and invest in it for the meantime

 

[Alexandoy]

I wonder what happens to the thousands of crypto coin that was developed and not doing anything in the exchange market. Take note that crypto coin is created for investment and trading. When no one would buy your crypto coin then you are like wasting your time with your crypto coin.

 

[Setfragil]

We need to be careful with most cryptocurrency that does not have a good project behind it. Many people are perpetuating frauds and scam in the name of new coin and token that will never be listed.

 

[Man]

Yes, this is a big problem with an environment which is not regulated like emergence of several cryptocurrencies. Here anyone and everyone can create their own cryptocurrencies. This is also a natural phenomenon of any new concept which is commercial in nature and over a period of time only few will survive. So it is advisable to invest only in the top and the best known cryptocurrencies.

 

[Prettyjanie]

There are so many cryptocurrency coins springing up daily. So many of these coins will end up not making it through. So we have to be careful not to invest in whatever coins comes our way.

 

[Bousine123]

You are really correct here my friend. The amount of Cryptocurrency you will find now in the market is almost three times the number it was when covid-19 started.

 

[kayode10]

All they are trying to do is to saturate the market with different cryptocurrency that doesn't have much values. Everyone believe his or her own coin will become the next Bitcoin.

 

[Bousine123]

I think it's owning to the fact that people have begun to realize that cryto is the future. You will have Cryptocurrencies for real estate, sports, cars, and even food companies.

 

[jeff87]

I wonder what happens to the thousands of crypto coin that was developed and not doing anything in the exchange market. Take note that crypto coin is created for investment and trading. When no one would buy your crypto coin then you are like wasting your time with your crypto coin.

You are right. I suggest they go into NFT games like the axie infinity game that has recently risen. I do believe that the coin will be given a chance to also rise and shine like axie infinity and SLP coin.

 

[Senator]

That a cryptocurrency is listed in any exchange does not mean it is a legit cryptocurrency. Infact some poocoins are even listed in major exchange, can you imagine that?

 

[btaliat]

The only problem with crypto is that there is no regulation since it is not centralized. There are too many coins for the users to even differentiate the real from the fake.

 

[Monster Masterpiece]

This is real that many people start their own crypto currency but to a crypto currency to become popular after being listed at exchange platforms and being used to be paid on earning money platform it stills 2 or 3 years at least and we all know there are shitcoin.

 

[ahmedo24]

The new coins are countless in the cryptocurrency market very many of them don't have a long lifespan, it is important to work on those coins that has future.

 

[Tracee]

Yeah a lot of shit currencies out there, good luck to those starting their own crypto currencies, as for me I don't invest in whatever I see, so let em keep coming.

 

[Solutionav]

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.

Honestly, one needs to be very careful because you might never know what you are getting yourself into, is good we have new currencies but don't reach into investing so that you will not lost

 

[Suba]

Very good advice, but investors will research and predict about crypto before they buy it. It's also everyone's right to create new crypto and the market will choose which crypto is good and has the potential to live on

 

[ahmedo24]

Personally, it is better to invest in coins that are already established, the native coins for exchange platform and those of blockchain network because they are all good projects.