I think the right classification should be; 1) Bitcoin and 2) other cryptocurrencies which comprises of the altcoins and the shitcoins. This would allow a beginner understand the difference and judge accordingly.
I thought that anything that was not bitcoin is a shitcoin. What is the difference between altcoins and shitcoins? are you trying to say that some altcoins are not shitcoins?
I think that this guy is just confuse here, alt coin are no different from meme coin, they are all shit coin because they all have the same characteristics as one another which is falling more than they rise, or is he trying to point to the fact that alt coin is not as shitty as meme coin?
If that's the case their is no need because at the end of the day, they will largely shows their shitty characteristics which will eventually result in significant losses if it's not avoided .
In this space we found ourselves, the only reliable digital asset that is worth investing in is Bitcoin, because it has proven beyond reasonable doubt that it's reliable and no other coin comes close to it in reliability
We all like to call Bitcoin Bitcoin. If a person calls Bitcoin a cryptocurrency, it will not be right at all. Because we mean all the currencies in the market by cryptocurrency. If you do not say a specific one, many new people will be confused. For example, there are many fraudulent currencies in the market in which many people have invested and lost all their money. If a new person says that I have lost all my money by investing in cryptocurrency, then that new person will definitely think that cryptocurrency is a fraud. But if the person who said that I have lost all my money had told that new person that I have invested in xxxx coin and lost all my money. Then a specific currency would have been blamed. So when we call Bitcoin a cryptocurrency, all the fraudulent coins are compared with it and then many people think that Bitcoin is a fraudulent currency.