Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
the use of the term "crypto" is one of the reasons why "crypto" is such a scammy shitshow.
Crypto for cryptography.
What you're saying sounds like, "V" for "vendetta" is now "V" for "vaccine".
"crypto" is an invalid categorization which implies shitcoins belong in the same category as bitcoin.
Cryptocurrency is the word you're looking for. BTC unfortunately falls in this category - once upon a time it was alone in this category.
to noobs this false framing leads to a completely fucked up and weird understanding of the entire phenomenon. noobs tend to think about different types of "crypto" as if they were different sports teams that compete in a league or as different stocks of various companies that compete for performance. this is utter and complete bullshit.
That's why one must focus on the cryptography part.
It's also self-explanatory on why other cryptocurrencies are not really needed ever since we've had BTC.
Never forget the decentralized nature of BTC, compared to (most) alternative centralized cryptocurrencies.
either "cryptocurrency" is a valid category and only bitcoin is in it or crypto means outright scam and bitcoin does not belong in it.
But it does belong, and so do the scammy others. Totally distinct from BTC though.
The way I like to think of it, is that the sole existence of alts, is to get your BTC.