Those you might be seeing selling their Bitcoin just because they ran into problem are doing such because they don't understand the value of have an emergency fund at hand. There are many traders and investors that had made this mistake in the past and it wouldn't make sense for us to make the same mistakes again. Crypto investment should not be seen as a means of making quick profits from the market.
We never like to call Bitcoin as crypto, we always like to call Bitcoin as Bitcoin. Because crypto means all the currencies in the market. Crypto does not mean only Bitcoin. There are many types of fraudulent coins in the market. If we compare Bitcoin with all those coins, then it is not right at all.
Suppose you invest in a fraudulent coin in the market instead of investing in Bitcoin and after a few days if you lose all your money, then if you say that you have lost all your money by investing in crypto, then who understands all the coins, not just one coin. So we always like to call Bitcoin Bitcoin
Yes, we always like to call Bitcoin Bitcoin. We don't like to call it crypto. But calling Bitcoin not crypto in its entirety is a bit of a misnomer because Bitcoin is technically a cryptocurrency. Bitcoin is a member of the crypto family and is a digital currency based on cryptography. To distinguish Bitcoin, we don't want to call Bitcoin crypto. The word crypto is originally used to refer to digital currency and has now become a symbol for fraudulent tokens, scams and fake coins. Bitcoin is the opposite of all these projects. Bitcoin is the longest-lasting currency, it is not controlled by any center and is universally verified and researched. It is because of this feature of Bitcoin that we don't want to introduce Bitcoin under the word crypto. Bitcoin is a part of cryptocurrency but its basic features, reliability and history set it apart from all other currencies. I think that technically Bitcoin can be called a crypto, to make it clear that not all cryptos are the same. However, I think it is reasonable to linguistically separate Bitcoin because its importance, success, and impact are not the same as all other coins.
Right, cryptocurrency is a digital or virtual
coincurrency that is kept safe through the use of cryptography. It cannot be controlled by any central bank and is completely decentralized. Cryptocurrency is basically transacted using blockchain technology. Through the use of blockchain, once a cryptocurrency transaction is successful in a wrong wallet, it can never be recovered.
Bitcoin is the only successful popular cryptocurrency that was created in 2009 by one or more people, Satoshi Nakamoto. Bitcoin is basically transacted through digital blockchain. In the crypto world, bitcoin was first managed using a blog chain. So there are some fundamental differences between Bitcoin and crypto currency.
Bitcoin is a digital asset that can bring success through long-term investment. But it is very important to adopt some strategies to make long-term management successful. In addition to investing in Bitcoin, an emergency fund is needed for three months because we do not know anything about unknown dangers, so we need to keep an emergency fund for the purpose of making our investment long-term.