This belief often extends to a conviction that cryptocurrencieswill eventually supplant traditional currencies and reshape the global financial landscape.
Firstly, you should use the appropriate word which is
bitcoin and not cryptocurrency because you cannot hodli shitcoins and only bitcoin has the potential to grow exponentially and that is why only bitcoin long term invstors are called hodlers. You cannot hodli shitcoins because they are worthless and you will run at loss if you try to hodli shitcoins since they're for short term. JJG, you posted first what I was aboyt saying before me.
Secondly bitcoin will never replace fiat because that was not why it was created and as long as the world exist fiat will always exist since it was created by the government, so don't get it wrong that bitcoin will replace fiat because they will work and in hand. Or have gold replaced fiat?
You are right mate some forks here keep on using the word cryptocurrency instead of Bitcoin getting most newbies confused, they have forgotten that cryptocurrency is just a general word where Bitcoin and other unreliable conis lies.
That is why it is always important to be specific about the exact coin we are referring to so that new investors will also know the coin we are referring to but when the word cryptocurrency is been use it get people more confused.
Some newbies might decide to go and invest into
shitcoins believing it's Bitcoin because of some posters inability and unspecific about the exact coin they keep on referring to. Bitcoin can't be shitcoins and shitcoin can't be Bitcoin that is what they really need to know about.
Actually I don't think mentioning about cryptocurrency is not an appropriate word because Bitcoin is also a cryptocurrency in a general term but since Bitcoin is the mother of all cryptocurrency we still need to accord it that respects of being direct whenever we are talking about it or anything related to it. The more reason why we should be direct when referring to Bitcoin is mostly for new beginners who may not be able to differentiate between Bitcoin and other cryptocurrency and it will be an off topic generalizing Bitcoin with cryptocurrency when the discussion here is strictly Bitcoin friendly.