Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Creeper0
on 06/08/2025, 10:13:12 UTC
The true fact is that bitcoin and other crypto coin are all called or classified as cryptocurrency however they are not the same they are totally different from each other
For the sake of newbies, it's better not to use the term crypto currency to address Bitcoin as this can often turn out to be misleading and pass the wrong idea about Bitcoin. I feel it'll be more appropriate to call it a digital asset instead of crypto currency as digital asset best describes the nature of Bitcoin and not crypto currency. Using the term crypto currency will only make people see or compare Bitcoin to all of them shitcoins, which is not only an insult to Bitcoin but also the biggest misconception an investor or anyone would have about Bitcoin. So it's best to completely avoid the using the term crypto currency when talking about Bitcoin.
Is calling Bitcoin crypto really an insult to Bitcoin? Crypto refers to Bitcoin as well as shitcoins and altcoins. We know that shitcoins and altcoins have been involved in fraud at times. It is not that the word cryptocurrency will be tarnished because of the fraud of shitcoins and altcoins.

For example, there are both good and evil among mankind. There are murderers, there are cheaters, there are thieves and there are people involved in other immoral activities among mankind. There are even honest people among mankind. Now if I call you a human, will you be insulted? Or will anyone be confused by calling you a human? If you are honest or dishonest, you will be responsible alone and your name alone will be in disrepute. Just as the entire human race will not be tarnished if your name is defamed, all crypto will not be tarnished due to the fraud of shitcoin and altcoin. So just as you are human by nature, it is foolish to hide this identity. Similarly, it may be foolish to hide the fact that Bitcoin is crypto by nature. Those who have no knowledge about crypto or have no knowledge about Bitcoin will be confused by calling Bitcoin crypto. Basically, they are confused about digital economic management.