Post
Topic
Board Economics
Re: The Reason For Creating a New Cryptocurrency?
by
The_Dark_Knight
on 26/09/2018, 02:36:01 UTC
I believe that 95% of all new coins are for the purpose of making money. To collect money from investors, to give in exchange coins that are not worth it and then forget for a year or more about all around, and then after a while to remember that can still earn this coin and throw it on the stock exchange and still there propampim coin, and then sell it there .... and earn more on this.
I agree that most coins are created with the only intention to make money for the developers, and all of the people that invest in the coin do not really care about the project either they only want to make money, and the traders trading the coin do not really care about the coin either they only care about trying to substract money out of the market, so we have a market that is almost entirely composed of coins that are useless and that exist only to make money.