Quote from: nioctiB#1 on January 24, 2018, 07:58:00 PM

Quote from: Nrcewker on January 24, 2018, 07:00:22 PM

Hello
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?

for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?

please explain in details if you know near me there is lot of expense

If you create or launch your own coin you can have all the supply set to pre mined and take huge amount of the supply so if you sell it to other people by ICO and there is an exchange that listed your coin, the price will go up if more people wants to invest in your coin while you hold huge amount of that coin. you are already making money and you can just dump it. this is how developers make fast money and also the reason why i dont like pre mined cryptocurrencies.

yeah, I agree with your opinion, the reason why there are so many coins today is because it may be a good way to make quick money. it reminds me of the "bitconnect", this coin earn a lot of money by attracting a lot of invenstors. but I think this way cannot working well like before because more competitors and more sensible investors come in. compare to new coins, people may have more faith on old and solid coins.