Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Jostern
on 07/08/2025, 12:28:45 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’re missing a whole lot of things here, and judging by your registration here, you are supposed to know that you don’t address Bitcoin as a Cryptocurrency, when you use the terms crypto currency you will definitely be misleading others most especially newbies, who are going to be thinking well that is a scam, You can At least try by calling it a digital asset which is more ideal in terms of using your phrase for Bitcoin when you tend to be using this cryptocurrency then you are trying to bring misconception into the equation of Bitcoin discussion and people who are interested in the discussion will start thinking and suggesting that you might as well be talking about shitcoins. And I think you should prioritize learning and listening to what people are saying here instead of trying to teach people and bringing misinformation here which could cause an unnecessary distraction.