There are some new investors who do not understand the difference between Bitcoin and crypto, they understand Bitcoin as cryptocurrency. It is absolutely not right to start investing with such a misconception because all the coins created in the crypto world, except Bitcoin, are called Altcoins, or meme / shit coins, but not all Altcoins have been successful. Bitcoin is the first to be recognized as the only digital currency in the crypto world. Bitcoin is the only recognized secure currency that works through its own digital blockchain. People currently call bitcoin digital gold because its supply is limited, its price increases gradually and it plays a huge role in protecting against inflation, so it is called digital gold. Bitcoin is the only successful popular cryptocurrency that was created by one or more people in 2009 by Satoshi Nakamoto.
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, we need an emergency fund for three months because we do not know anything about unknown dangers, so we need to have an emergency fund for the long term. Patience is very important to achieve success in long-term investing.
I don’t understand how you people are seeing this and the conception of the idea that bitcoin is different from crypto. It’s like saying humans who are wealthy are no longer humans but wealthy humans. Bitcoin is a Cryptocurrency but it’s the first and the best performing of cryptos, you can’t because of the new tokens that are being classified as cryptos now say it is no longer a Cryptocurrency. All other coins have been classified into Altcoins, Shitcoins and memecoins but bitcoin is bitcoin.
Classification just simplifies things, it makes it easier to differentiate between coins just like how it is for humans and other things that requires clarification, there are wealthy people, rich people, normal people and poor people.
Bitcoin is also cryptocurrency, we should all know that cryptocurrency is the general name for all digital currency and bitcoin fall under it too , but bitcoin is bitcoin while the other coins are altcoins . So doesn’t mean that bitcoin is on own , because all cryptocurrencies are digital currency. And yeah bitcoin is the first same time the best of them all when come to digital currency, in form of currency and investment too . Bitcoin is a community driven coin , not like the others that can be easily manipulated by their peers owners and stuff while bitcoin is not own by no one rather is for all .