Why so many alt coins?

[Roland26]

It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

As far as i know,why theres so many altcoins now in the market because,every project has different purpose that they created into the market and every project  have different purpose or use  in the market.otherwise once the market have so many altcoins this means  thats have a big competition in the exchange  market  and this implicated  to us a healthy investment.

I think altcoin is a business that is why it is becoming more popular many people had an interest on it because many people gain on it.

[purpleseven]

Yes the project failed because it did not have an experienced team to develop a new project. and finally the coins or tokens have no value on the exchange.

[Drew28]

I think there is quite many reason why an alt coin/ICO fails. If the project fails and it's all down hill from there. On the other hand try checking VLUX out. Their project is very promising https://vlux.io/ 

[RedzoneASE19]

I think this is due to many uprising project that wanted to raise funds through ICO. Also they want to join the cryptocurrency market.

[eurcoin88]

It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

That's where the money is to be made now. The new coins that get released. Some people think that The money that there was to be made in BTC has been made, and that it has to maintain a certain image of stability, value wise to show that it still holds value along with ETH so people continue to have faith and believe in the market as a whole, meanwhile all the money is being made with new released coins and ico's. Now I'm just quoting what some people think. I myself, still have a firm belief in this market! I HODL many alt coins myself and have never invested in any ico. I believe that we have a great year ahead of us, but the post that I've just shared is why I think there may be so many new coins coming around so often.

[mojerjer]

There's so many altcoins as they think that the price value will rise.Many investors believe they might have good profit on it as they buy  cheaper coin now.

[rightway]

Yes there are so many coins today and almost every a new coin introduce in the market and i think the reason why there's so much coins today its because there no agency from any government that review and regulate the crypto before entering the market.

[santawarrior]

I think due no proper regulations of altcoins is the reason why there are many altcoins today introduce in the market  and some are not profitable.

[aji678]

I am also surprised by the presence of so many coins up to now. Maybe they just want to imitate the already popular coin so most people make their own coins and invite people to invest there for their own benefit. I think it's less creative.

[luvr1000]

many companies with different ideas realized that on ico you can collect a certain amount of money that they need

[Renee z]

There're more than 1,800 altcoins on the market. I check about 20 of those projects, and all I got is whitepaper and vision, barely have specific products actually. I kind of hope the total projects will soon be down to less than 500 and blockchain technology begins to benefit the society in practice.

[dekafee79]

It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

Because For now There are many projects. I think too many coins are good thing. I like it.

[Seeyy]

many altcoins are not about sincere desire to create unique and useful products. Instead, they are all about generating large amounts of profits for the creator very quickly.

[Jaguar]

Because they think they will become successful along the way. That what gives them courage and give some motivation to push the project.

[skjude001]

It is true that several alt coins abounds in recent times and every coin created has its goal. Most of these coins are created by inexperienced developers who do not have much innovative ideas to bring something new to the world. They turn out to copy the ideas of other projects and deliver poor services. In the long run, their coins devalue on the market.
This is the main reason why you need to study well a project or ICO especially its team members and the purpose of the coin before investing.

I think they are all about generating large amounts of profits for the creator very quickly.each of them with different ideas realized that on ico you can collect a certain amount of money that they need