Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[AudraMiller]

There are many exchanges that actually offer you the opportunity to create and to list your own cryptocurrency among the numerous number of coins that they already have listed on their exchange. Many seem to take this opportunity and create coins and this has become especially prominent with celebrities and public figures. However creating your own cryptocurrency coin is not as simple as it seems. Whilst it may be easy to create the actual coin a large portion of the success of the coin lies in the marketing of the coin and the initial investment that is made into the coin. What other considerations do you think need to be taken into account when developing your own cryptocurrency?

 

[Wisdom01]

I think you should note and think of the blockchain network like bsc ,ethereum and others, then you will use them to host incase you are sending and others

 

[AudraMiller]

I think you should note and think of the blockchain network like bsc ,ethereum and others, then you will use them to host incase you are sending and others

Is it possible to integrate your own cryptocurrency on the Bitcoin network considering that bitcoin is a network that is already quite congested? I do believe that the Source Code is open source which will allow people to have access to it however the congestion might be a major concern for those looking to create their own cryptocurrency.

 

[microunit]

Well almost already many people already created "shtcoins" or "spamcoins" just for the sake of being "in" in the cryptocurrency world , and these coins don't even have definite uses nor future plans and they're flooding the blockchain

 

[LutherKing]

yes and even if you are able to create one listing it on exchanges is main task , getting investors and proposing your idea and road-map even bigger task and finally you cannot be guaranteed whether it will be a success or if yes then in how much time all factors add up in

 

[AudraMiller]

Well almost already many people already created "shtcoins" or "spamcoins" just for the sake of being "in" in the cryptocurrency world , and these coins don't even have definite uses nor future plans and they're flooding the blockchain

This is exactly what I think as well. I think that for a coin to be considered a crypto or to be listed it must have a good investment and a plan, otherwise it should not be considered by anyone, because then it holds no practical value whatsoever.

 

[Kennysplash]

There are many exchanges that actually offer you the opportunity to create and to list your own cryptocurrency among the numerous number of coins that they already have listed on their exchange. Many seem to take this opportunity and create coins and this has become especially prominent with celebrities and public figures. However creating your own cryptocurrency coin is not as simple as it seems. Whilst it may be easy to create the actual coin a large portion of the success of the coin lies in the marketing of the coin and the initial investment that is made into the coin. What other considerations do you think need to be taken into account when developing your own cryptocurrency?

I cannot begin to imagine how many coins have been created by many people which later turned out to be nothing. It is not easy even if you are well known to create a new cryptocurrency and see it rise to be a top coin. There are even some that have really overhyped prices and makes me laugh.

 

[microunit]

This is exactly what I think as well. I think that for a coin to be considered a crypto or to be listed it must have a good investment and a plan, otherwise it should not be considered by anyone, because then it holds no practical value whatsoever.

Also the reason why some major exchanges don't just list coins , they usually consult the community and check for demand of the coin like with binance that just recently added dogecoin due to its demand now

 

[AudraMiller]

Also the reason why some major exchanges don't just list coins , they usually consult the community and check for demand of the coin like with binance that just recently added dogecoin due to its demand now

This is quite interesting and I had no idea that exchanges actually communicate with their community in order to see the demand for coin prior to actually listing to. This is a very good idea because it ensures that there will be a trading volume on the exchange. There are many exchanges that do not do this however.

 

[microunit]

This is quite interesting and I had no idea that exchanges actually communicate with their community in order to see the demand for coin prior to actually listing to. This is a very good idea because it ensures that there will be a trading volume on the exchange. There are many exchanges that do not do this however.

I think some exchanges sends out surveys to their userbase or just follow the news trend about rising coins and their demands , as they won't profit much on a coin that their userbase don't want anyways

 

[AudraMiller]

I think some exchanges sends out surveys to their userbase or just follow the news trend about rising coins and their demands , as they won't profit much on a coin that their userbase don't want anyways

The exchange that i am using has never had such a survey. Rather there are announcements when a coin will be listed and an interest rate to entice people to invest in that coin, generally in the range of 1% to 10% daily interest on your investment in that coin.

 

[microunit]

The exchange that i am using has never had such a survey. Rather there are announcements when a coin will be listed and an interest rate to entice people to invest in that coin, generally in the range of 1% to 10% daily interest on your investment in that coin.

That offer is quite really enticing , especially to new investors who are looking to invest for new coins, how many days or months does the daily interest works?

 

[AudraMiller]

That offer is quite really enticing , especially to new investors who are looking to invest for new coins, how many days or months does the daily interest works?

So the interest works for as long as you have the coins in the investbox, so if you have it in for three months you get 10% daily, or you can choose to withdraw after one day. It is good, however the risk with large interest rates like this is also quite high, as people tend to cash out on their profits regularly driving down the price of the coin.

 

[microunit]

So the interest works for as long as you have the coins in the investbox, so if you have it in for three months you get 10% daily, or you can choose to withdraw after one day. It is good, however the risk with large interest rates like this is also quite high, as people tend to cash out on their profits regularly driving down the price of the coin.

Even investing it is quite risky with these situations , as the interest you are getting is small or nothing as the coin will most likely go down in the long term

 

[Razor1911]

Is it possible to create own crypto currency? That's really amused me. Is that so simple to create one. Anyways, if some one have huge money sure they can create a coin but now a days there are so many in the market that you can't tell which one to choose.

 

[microunit]

Is it possible to create own crypto currency? That's really amused me. Is that so simple to create one. Anyways, if some one have huge money sure they can create a coin but now a days there are so many in the market that you can't tell which one to choose.

Yeah anyone can do it, that's why lots of shtcoins are being created because people want their coins to be the next bitcoin, usually though you can make your own under ethereum with the help of smart contract , binance tokens and trx tokens have this feature too i think