Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Barikui1
on 13/08/2024, 11:46:05 UTC
Buying and investing in Bitcoin is infact the best way to venture into the Cryptocurrency market
Stop referring to bitcoin as cryptocurrency so that newbies or new investors in bitcoin will not see cryptocurrency as bitcoin. When you are talking about bitcoin investment, you need to be specific so that newbies or new investors in bitcoin will not be misled into investing in altcoins, thinking they are investing in bitcoin. There are so many threads in this forum that you can easily talk about cryptocurrency or altcoins, but as far as this thread is concerned, you should always refer to bitcoin as bitcoin so that we will not be distracted. We are all in this thread to share our ideas and experience in the bitcoin accumulation process and also learn from those who are more knowledgeable than us when it comes to bitcoin investment.

It sounds discouraging always seeing most people referring to Bitcoin as a cryptocurrency, actually it bit my imagination to see that most people have known Bitcoin for sometime but still could not be able to differentiate between cryptocurrency and Bitcoin, funny enough is very common for so many people outside the forum because is more than ones I have seen someone who invested on altcoins and was saying that they have invested on Bitcoin, so perhaps whenever I see those kind of talk I always make sure to show or teach them the difference between Bitcoin and cryptocurrency so that they will stop seeing Bitcoin to be on that category.
I actually understand very well what you are trying to say here, but I just want to clarify something about what you said, first and foremost, that person you said that invested in alt and when asked, he said he invested in Bitcoin, bro to be sincere here, that person is a complete novice, not even a newbie, because I believe that a newbie can clearly differentiate between Bitcoin and the rest.

Secondly, though most of these guys using the term cryptocurrency when referring to Bitcoin is not proper, because they are actually generalizing it, but I disagree on the part that you said that Bitcoin is not cryptocurrency, no bro, Bitcoin is also a crypto, just that you can't compare it to others, because it gives you more security and assurance due to it rich history of always rallying back any time their is a dip in it price.
Ok let's look at it this way, if you can use your Google to search types of cryptocurrency,  Bitcoin will be the first that will be mentioned, so I don't think it's proper to say that Bitcoin is not crypto, what should be kicked against is when it's being generalized as if it's the same with alt and shit coin when it's not, that's just my opinion though.