Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on November 17, 2020, 05:07:41 AM

Title: Tempted to Start Your own Cryptocurrency?
Post by: TomPluz on November 17, 2020, 05:07:41 AM


Right now, we are on the free market here in the cryptocurrency industry except of course if you are in a country which has restrictive laws on Bitcoin and cryptocurrency making it hard to start one.

We know that we are swimming in a big ocean of projects, platforms and new innovations, but we know that 99% of these will eventually die a natural death due to lack of interest or neglect or maybe some are really failures right from the very start while many are also scams right from their inception.

With the big potential of raking in millions into your pocket, are you not tempted or at least thinking of starting your own cryptocurrency?

(https://pbs.twimg.com/media/Em_1VNgUwAEHRu0?format=jpg&name=360x360)

Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Nostoman on November 17, 2020, 07:12:21 AM
Cryptocurrency plays a very big role as a means of financing within the country. However, even in countries that are not approved, there are many users who are able to bring a lot of money into the country. In other words, they bring the money earned from any foreign project inside the country. It is important for the economy of every country and plays a role in the economy. There are many projects that fail. Bitcoin or cryptocurrency transactions within the country fall under money laundering. These prohibition laws are for countries that do not approve of cryptocurrencies. However, if there is no approval inside the country, it is difficult to undertake the work of any big project. However, different projects can be helped to improve in different ways.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: masterrex on November 17, 2020, 12:49:50 PM
Quote from: TomPluz on November 17, 2020, 05:07:41 AM


Right now, we are on the free market here in the cryptocurrency industry except of course if you are in a country which has restrictive laws on Bitcoin and cryptocurrency making it hard to start one.

We know that we are swimming in a big ocean of projects, platforms and new innovations, but we know that 99% of these will eventually die a natural death due to lack of interest or neglect or maybe some are really failures right from the very start while many are also scams right from their inception.

With the big potential of raking in millions into your pocket, are you not tempted or at least thinking of starting your own cryptocurrency?

(https://pbs.twimg.com/media/Em_1VNgUwAEHRu0?format=jpg&name=360x360)

Thats was a good question mate, Honestly speaking I'm tempted to do that since 2017, But the lack of resources, technical expertise, and also the regulatory issues in my country makes me think that it's not possible to do it. The crypto industry is a technology-driven industry thats why it needs some expertise to manage it. because if you have no expertise about it how can you effectively manage the business? that makes sense and that was my opinion.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: trauchot on November 17, 2020, 01:03:38 PM
I think that everyone who works and makes money in the cryptocurrency sphere at least thought about creating their own cryptocurrency for various reasons, namely, someone just wanted to make money on it, and someone really wanted to create their own cryptocurrency in order to develop the cryptocurrency sphere, but to create your own cryptocurrency, you need a lot, you need money, you need an original product, you need a good team, and indeed a lot of things, so I can only dream about creating my own cryptocurrency.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Delgboke on November 18, 2020, 05:51:31 AM
No matter how one is tempted to start his own cryptocurrency projects its important to note that crypto projects is something you will just start with been prepared for it financially so that you don't just abandoned it on the way, one need to look very well even thinking of starting any crypto projects.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: bigcash2011 on November 18, 2020, 08:40:36 PM
It is definitely tempting but if you want to create a new coin just out of greed and to get rich quick without any solid, innovative and unique idea behind your coin and project then im afraid it is not going to attract any serious investors and it will eventually fail.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: highnayem34 on November 18, 2020, 10:32:12 PM
Helpful post +1. Everybody is curious about making their crypto because of the potential cash it'll generate. But it needs a strong group conjointly contains a potential extend and gets it the controls of the nation where we live. In case we do not get ready well, I think this will be related to our judgment within the crypto world.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: hushpupppy on November 18, 2020, 11:17:40 PM
There is no reason why an individual should crave to own or start a crypto currency platform. Because this is one reason why we have an influx of dead projects, shit tokens and delisted tokens everywhere in the crypto currency space.

But if you desire to start your own crypto currency; why do you want to do so? where do you want to launch it ? and how do you want to do it?
Answer that, and you have a successful project
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: shadowdio on November 19, 2020, 10:15:20 AM
Well I also want to create my own cryptocurrency before but not for the project and I'm not intention to scam people, you know just for fun, just like dogecoin but I think you need money to make your own crypto and also you need to pay to list your crypto in the exchange.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: hair on November 19, 2020, 10:23:35 AM
I am not an expert and competent in cryptocurrency, I do not really understand blockchain technology. so I can't create own blockchain😅
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: wawan96 on November 19, 2020, 10:47:36 AM
It is not easy to make your own cryptocurrency, you need money, time, and maturity. For that, many countries need government permission to be able to make crypto wider in that country must have strong supporters to make projects successful, many projects are just originating and that do not develop due to lack of funds and support, the bottom line is that it requires a community and a lot of money to be a great project.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Black ID on November 19, 2020, 12:38:06 PM
Indeed, by looking at the increasingly rapid developments that are happening in this crypto world. Of course, many people want to be able to make their own coins. However, for me my skills in crypto haven't gotten that far. Of course you need to study more in order to do this.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: gotbounty on November 19, 2020, 11:24:38 PM
Personally. I will never be interested in create my own cryptocurrency. This is not only about creating the tokens but also developing the tokens to be worthy, and also thinking of how the people can accept my token, it is too hard and I am not ready for it
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Pheonyx on November 20, 2020, 02:14:32 AM
Maybe if I'm a developer or someone who owned thousands or atleast hundreds of btc. But since I have nothing I don't mind this. But being a traders and investors are free for all so I would rather choose these categories.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: TheClownSong on November 20, 2020, 02:17:02 AM
I think that everyone will be interested in making their own crypto because of the potential money it will generate. But it needs a solid team and also has a potential project and understands the regulations of the country where we live. If we don't prepare well, I think this will be related to our integrity in the crypto world
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: KKH84 on November 20, 2020, 03:08:21 AM
It's actually really good, making your own crypto.  But innovation and ideas are needed that can make people accept our crypto projects, not just creating and promoting them without doing various research, so that it will be able to make the crypto that we make able to survive on the exchange and not become a crypto entertainer.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Malam90 on November 20, 2020, 04:23:52 AM
If i have enough resources, technical knowledge and experience, aim to focus on the future demand, obviously i will create my own project with own Coins not tokens. I will implement my resources and technical knowledge in the project with honesty and sincerity to be successful in the project implementation and making success. But to be honest, i have no knowledge about project making and no resources.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: anatolijbaderman on November 21, 2020, 12:14:19 AM
It is not necessary to create your own blockchain now. Many projects successfully exist using the Ethereum, TRON or Waves blockchain. Take, for example, the cryptocurrency Yubsra GLOBAL, so beloved by me. This coin exists on the Waves blockchain and has a very developed service infrastructure and a developed community. And all this on the Waves blockchain. Therefore, today it is much more important not the technical component of your blockchain or not, but what you offer your users. Therefore, it is quite possible that it makes sense to focus on the idea of ​​the real use of cryptocurrency (as, for example, they did in YUSRA GLOBAL) and not on the technologies of another super high-speed blockchain.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Condorlaib on November 23, 2020, 08:11:39 AM
If a person is truly a professional and has a specific goal with a vision of the final product, then in this case it is quite acceptable to create a specific project that will be competitive in the cryptocurrency market. But if only to create something of your own there is no point, thereby littering the entire cryptocurrency market with garbage projects.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Lenipiw on November 23, 2020, 12:04:08 PM
I do not live in a country where the use of Bitcoin or cryptocurrency is widely banned. In our country, there are no restrictions on investing in the cryptocurrency market or starting any other activities. However, if the maximum amount of transactions is more, they are covered under money laundering. I don't think these are very active in our country. Because many members of the government party are involved in bitcoin or cryptocurrency. So even if there are restrictions in any country, they are not obeyed very much.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: MrSpasybo on November 23, 2020, 02:20:14 PM
The majority of members of the crypto community want to make as much profit as possible. Only a few, I think the #DevelopmentTeam s of the projects and real fans, want to build the DeFi ecosystem.
So if someone has a lot of money, he will think of becoming a crypto investor instead of creating a project and issuing his own token. That requires more investment than money.
Of course, if he wants to make a lot of money in a short period of time, he can create a project and a worthless token, then go toke-sale and run away :)
Personally, I used to have an idea for my own token, but I know I don't have the resources to build an ecosystem for it.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Jaephoenix on November 23, 2020, 03:14:06 PM
To be honest, I have been tempted several times. And to make the temptation more potent, it is easier these days to create Ethereum based tokens out of nothing and organize an IEO. Maybe I can try that out one day. Wish me luck
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Dociko on November 23, 2020, 04:14:33 PM
People all over the world have a free market to invest in cryptocurrencies. I think people all over the world are able to invest in cryptocurrencies. However, there are restrictions in some countries. Cryptocurrencies can also be invested in from those countries. These are available through trade within the country. So I think all over the world, even if it is banned in any country, the transaction is possible.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Jaguar on November 23, 2020, 05:59:04 PM
To create your own crypto you must well verse in code and practical effective strategy to make it real and not just a token for garbage. You must be creative to make your coin competitive to other well known coins. You must also possess the heart of a web dev to show the structures of your ideas. Of course you must have a team to verify your not scammer.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: carcas on November 23, 2020, 06:26:00 PM
I don't understand your sentence about making millions of money with cryptocurry. Do you mean to make your own coins or tokens? If you only mean to buy Bitcoin or other altcoins it is impossible for you to only get profit. Maybe you can get a loss in the next year
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Istiak on November 23, 2020, 07:00:03 PM
If everybody starts issuing their own cryptocurrency then it will lose its value. There is no way you can use millions of dollars with a shit project. People are not that dumb that they will invest millions of dollars in any project without judging its potential and future plan.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: MRM on November 23, 2020, 08:38:08 PM
There are many cryptocurrencies around the world. There are many types of collapse. In some countries, there are restrictions on the promotion of cryptocurrency projects. Even then what benefits many countries gain wide popularity. Cryptocurrency is the choice of many people around the world. Users also use cryptocurrency transactions in most foreign countries. So I think cryptocurrency is more popular in new ways.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: sampoerna on November 23, 2020, 11:36:27 PM
Why create your own token? Just a waste of time for me. Moreover, we know that the problem of tokens is not at the time of creation but precisely how to make them accepted and also survive in the market. And this is more and more difficult. therefore, I am very disinterested in it.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Tnoy30 on November 24, 2020, 08:01:40 AM
Cryptocurrency is restricted in many countries. Governments in some countries do not support cryptocurrency. However, the governments of some countries support cryptocurrency but it is not published. So I think if the government of any country supports cryptocurrency, then the popularity of cryptocurrency within the country will increase even more. Then the big companies and businesses of that country will start doing business commercially. So Bitcoin is not approved in almost all countries.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Thymoty on November 24, 2020, 12:04:10 PM
Honestly, I'm also interested in being able to launch my own crypto coin. But the problem is that I lack the resources, team and knowledge to start it all. So I think it would be good if a platform could help crypto-enthusiasts launch their own coins, but at a lower cost.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Jaguar on November 24, 2020, 12:58:45 PM
Quote from: Thymoty on November 24, 2020, 12:04:10 PM
Honestly, I'm also interested in being able to launch my own crypto coin. But the problem is that I lack the resources, team and knowledge to start it all. So I think it would be good if a platform could help crypto-enthusiasts launch their own coins, but at a lower cost.
Thanks to goodness that we are included to those who lacks of resources. Imagine if all of us creates our own crypto, what would happen to crypto market? More vulnerable to scammers. More failed projects day by day to add because the more new coins the higher resistance of comparison and the competition would become tougher. To create own crypto, team and resources is necessary.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Condorlaib on November 24, 2020, 01:19:57 PM
Quote from: Jaguar on November 24, 2020, 12:58:45 PM
Quote from: Thymoty on November 24, 2020, 12:04:10 PM
Honestly, I'm also interested in being able to launch my own crypto coin. But the problem is that I lack the resources, team and knowledge to start it all. So I think it would be good if a platform could help crypto-enthusiasts launch their own coins, but at a lower cost.
Thanks to goodness that we are included to those who lacks of resources. Imagine if all of us creates our own crypto, what would happen to crypto market? More vulnerable to scammers. More failed projects day by day to add because the more new coins the higher resistance of comparison and the competition would become tougher. To create own crypto, team and resources is necessary.
You said everything correctly, but I would also take into account the fact that the most popular and most reliable cryptocurrency will be in demand, and those who constantly suffer from their vulnerability will die in the cryptocurrency market.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Galley on November 24, 2020, 07:45:32 PM
Sooner or later, any person connected at least a little with cryptocurrency came to the idea that it would be nice to create their own crypt. But everyone who really comprehends their dream or idea comes to the conclusion that it is practically unrealistic without proper preparation. Good knowledge and decent start-up capital is the key to success, which is available to very few.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: lepbagong on November 24, 2020, 08:10:12 PM
Quote from: Galley on November 24, 2020, 07:45:32 PM
Sooner or later, any person connected at least a little with cryptocurrency came to the idea that it would be nice to create their own crypt. But everyone who really comprehends their dream or idea comes to the conclusion that it is practically unrealistic without proper preparation. Good knowledge and decent start-up capital is the key to success, which is available to very few.
It seems that now many people understand and know so I doubt that only a few people will find it. Crypto adds more days to knowing and doing the best for itself so that what it desires can be fulfilled.
there will always be good information about crypto which will make a lot of people more interested.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: edmundo on November 24, 2020, 08:57:32 PM
The current crypto market is already saturated with lots of cryptocurrencies with most of them redundant. Anyone looking to start any crypto project should ensure that project is one that has the potentials to solve a necessary problem and offer the world something different from what is currently obtainable. It shouldn't be just another money grabbing crypto project.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: Fawpac2 on November 24, 2020, 09:46:53 PM
I have been at the helm of this forum for several days.  But I have been working on the Bitcoin forum since 2017.  I made a lot of profit there.  I have made a fresh start in this forum.  Hopefully I can go a long way. I am currently starting to work honestly in this forum.
Title: Re: Tempted to Start Your own Cryptocurrency?
Post by: vegasus on November 24, 2020, 11:20:16 PM
Do you mean a tempt to create my own cryptocurrency? If I have created it, what's for it is? WIll be it very valuable and sold and many more will buy? WHo? that is why I am not interested in creating a new cryptocurrency. this is still worried about the continuation of the case, not about the creation