Tempted to Start Your own Cryptocurrency?

[TomPluz]

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?

[Nostoman]

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.

[masterrex]

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?

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.

[trauchot]

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.

[Delgboke]

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.

[bigcash2011]

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.

[highnayem34]

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.

[hushpupppy]

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

[shadowdio]

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.

[hair]

I am not an expert and competent in cryptocurrency, I do not really understand blockchain technology. so I can't create own blockchain😅

[wawan96]

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.

[Black ID]

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.

[gotbounty]

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

[Pheonyx]

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.

[TheClownSong]

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