Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Silikiem
on 07/08/2025, 11:47:25 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.

I largely disagree with you on this one, Bitcoin is a crypto currency as well as a digital asset, do you know what else is a digital asset, the so called shit coin, NFTs, gift cards, shares and bonds, e.t.c but guess what, not all are crypto currency, heck Bitcoin is more of a crypto currency than a digital asset.
Do you know that Alibab, Amazon, and some e-commerce websites are all digital assets to their respective owners, if the site shuts down, that's the end of their business, or source of income.

You don’t refer to bitcoin as a cryptocurrency, it’s very disrespectful to bitcoin because bitcoin is in a world of its own. This other coins you’re seeing are coined from bitcoin and that’s why you’re seeing them being called Alt coins because they are coined from bitcoin. And most importantly, this other cryptocurrencies have really done more harm than good to the universe unlike what bitcoin stands for, you can agree with me that humans or institutions are capable of manipulating this other altcoins otherwise known as cryptocurrencies and determine it’s regulation and even prices, but you can’t find such thing when it comes to bitcoin, it is highly decentralized, more secured and not regulated by any one or institutions there by you can’t manipulate it. This is why you don’t associate bitcoin to other cryptocurrencies, shitcoins or altcoins, and as a matter of fact, this other cryptocurrencies largely depends on bitcoin for their survival. Stop tarnishing bitcoins image and reputation by calling it cryptocurrency thereby it will seems misleading to the public referring to it as shitcoin, it’s better you call it just bitcoin In a simple term.