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Quote from: BitBakerr1 on August 05, 2025, 08:26:55 PM

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 are very correct, Bitcoin is a crypto coin and a digital asset, I'm seeing a lot of people saying that Bitcoin is not a cryptocurrency or saying that Bitcoin and cryptocurrency is not the same, this statement's we confuse a lot of newbies that are here in the forum and it is not right that we say something without giving a proper explanation, someone coming to a forum as big as this forum where we always have new members every day and saying that Bitcoin and cryptocurrency is not the same without giving us a reason for that statement looks very unwise and should stop that immediately.

Now for all the newbies in this place Bitcoin and cryptocurrency is the same thing, cryptocurrency is the general name that all the crypto coins are called, all this coins you see people call shitcoins, and Bitcoin are all called cryptocurrency however Bitcoin is the only most trusted cryptocurrency that has been for years now and is even the first to exist, since the success of Bitcoin fake coins are being created just to scam people and for that reason people especially here in this forum now decided to detach bitcoin from all other crypto coin in other not to miss it up so that when newbie come they will understand that Bitcoin and other crypto coin are different in it's function so you won't get scammed by other coin and say all cryptocurrency are scam there by including Bitcoin and scaring people away from Bitcoin investment so that is why we say hear in this forum that cryptocurrency and Bitcoin is different we actually mean that those other crypto coin and Bitcoin are not the same.

In as much as Bitcoin is a type of cryptocurrency, then I think the right approach is to specify Bitcoin when talking about investment in order not to mislead newbies. Because talking about cryptocurrency means you’re not only pointing at bitcoin but also shitcoin and altcoin which can be misleading.

Yeah you are right, and if you read my writing very well you will discover that I was only stating the main fact and the reason why it is preferred and important we don't classify Bitcoin as cryptocurrency.
There's one thing you all needs to understand for the fact that you know the reason why we don't classify Bitcoin as cryptocurrency those not mean others also understands it especially Newbies, and other members, that was why I explained everything on the write up I made.
It is very important for people to still no the true fact about Bitcoin and cryptocurrency, but telling them the reason why it should not be classified to each other will be very good.
Very simple cryptocurrency is the general name for all the crypto coin which are Bitcoin and other coins, but because of the scam and inappropriate crypto coin called shitcoins then it was reasonable for us to disconnect any relationship or link between this shitcoins and Bitcoin now that disconnection has helped newbies not to believe that Bitcoin and other shitcoins are the same.