The difference between bitcoin and cryptocurrency.

[bayu7adi]

All other things are similar; the only difference is that the trading supply is limited to 21 million, while the supply of cryptocurrency depends on the coin and how much it holds.

IMO, the limited supply of Bitcoins can indeed be a good differentiator too, but there are other answers that are better in my opinion to be used as differentiators between Bitcoin and other crypto assets.

The first is proof that Bitcoin's Blockchain technology is trusted and strong so that it can last longer, making Bitcoin more respected than altcoins. The birth of Bitcoin was truly the beginning of the birth of the world of cryptographic-based coins. And until now, Bitcoin's blockchain technology has proven effective in keeping the network standing strong. This is what causes many institutional investors to become more interested in Bitcoin. The resistance of blockchain technology to hacking means that security and privacy are well maintained.

This has an impact on liquidation and high market cap. This is what causes the number of Bitcoin transactions to be greater when compared to altcoins. Bitcoin is the oldest king. The older you get, the stronger you get. That's why Bitcoin always accumulates market capitalization strength every day.

[bitterguy28]

In other words, Bitcoin is a cryptocurrency and is the most famous of them all and maybe considered as the pioneering one in its present form - but not all cryptocurrency is Bitcoin. Just like saying that Paris is a place in France but not all France is Paris. Well, anyway, this is a very basic tenet and people who are into cryptocurrency got it from the very start of their crypto journey and for those people who still don't know it then maybe they are living in the caves.

Know what? because people understand that bitcoin stands for cryptocurrency meaning that when people hear crypto they thought about bitcoin but correct that Bitcoin and altcoins are different because blockchain stands for not all crypto as they have their own chain and functions so indeed that it is different at all.

and like some mentioned , the 21 million limited supply why bitcoin becomes more better than other coins that has tons of supply.

[FinneysTrueVision]

When people say "Bitcoin, not crypto" they want to create a differentiation so people don't conflate Bitcoin with all the scammy aspects of alternative cryptocurrencies. Altcoins are often associated with rugpulls, premines, pump and dumps, bad monetary policy and many other negative things. Bitcoin will always prioritize decentralization and security and that's why generalized ideas relating to cryptocurrency might not typically apply.

[AprilioMP]

Subject: The difference between bitcoin and cryptocurrency.

Bitcoin is an electronic payment system that is based on cryptography and allows people to make transactions without a third party as a witness. My source of reference about Bitcoin is the white paper. I mentioned it so I don't plagiarize.

For me, Bitcoin with the abbreviation BTC is currency.
Cryptocurrencies are thousands of names and types of coins and tokens that imitate Bitcoin and try to compete with Bitcoin.

Easy and simple.Yes. That's the difference between Bitcoin and cryptocurrency in my opinion.

[Best-mary]

I've come to realise that many people still don't understand that there are other cryptocurrencies apart from the bitcoin

Are you sure?

I believe more people invested money in altcoins (alternate cryptocurrencies) and lost their money with altcoins than with Bitcoin. Altcoin communities are more noisy, actively shill their "potential" altcoins and if you check Coinmarketcap.com, Coingecko.com, thousands of altcoin will appear. It's hard to ignore them when you can buy them with cheaper prices.

yes the bitcoin is considered a cryptocurrency but they're two things altogether, bitcoin is the supreme digital currency and all digital currencies around the world are known as cryptocurrency, it is an form of currency be it digitally or virtually that uses cryptography to secure it's transactions,whereas bitcoin uses a decentralized ledger called the blockchain to maintain and secure a transparent record of transactions.

This sentence is too long but contains confusing information and incorrect too.

Both Bitcoin and altcoins use blockchains, very few altcoins like DAG don't have a blockchain. Difference is Bitcoin network is decentralized whilst altcoin networks are centralized.

Not all altcoins did people lost their money to. There are other potential ones which I have a few in my radar. Is true that bitcoin surpasses them all, but we shouldn't refrain from the fact that there alts that gives cool profit. Used some of my Dual investment to get to most

[libert19]

People mostly hear about Bitcoin first then of other cryptos, so one may think they aren't aware of other cryptos, but sooner or later they come to know about it anyway.

[Luzin]

Easy and simple.Yes. That's the difference between Bitcoin and cryptocurrency in my opinion.

I'm not looking for further references but according to my understanding. Bitcoin is the first cryptocurrency created using technology called blockchain or cryptography.
Meanwhile, cryptocurrency is the term for digital currency that uses cryptography or blockchain technology, either its own chain or attached to another chain.

So Bitcoin and cryptocurrencies are one part that is specifically Bitcoin, while Cryptocurency is everything including Bitcoin and other coins that use cryptography or blockchain technology.

CMIIW

[Wend]

Subject: The difference between bitcoin and cryptocurrency.

Bitcoin is an electronic payment system that is based on cryptography and allows people to make transactions without a third party as a witness. My source of reference about Bitcoin is the white paper. I mentioned it so I don't plagiarize.

For me, Bitcoin with the abbreviation BTC is currency.
Cryptocurrencies are thousands of names and types of coins and tokens that imitate Bitcoin and try to compete with Bitcoin.

Easy and simple.Yes. That's the difference between Bitcoin and cryptocurrency in my opinion.

But people are looking at bitcoin as an investment, an asset rather than a currency. So is bitcoin a cryptocurrency? To me, bitcoin is the cryptocurrency, the first in the crypto industry and the most special compared to the rest. Most altcoins are trash and scams, but that doesn't mean we can say that bitcoin is not a cryptocurrency. Bitcoin is the first coin, the creator of this market, without bitcoin there would be no cryptocurrency market.

[Z-tight]

Not all altcoins did people lost their money to. There are other potential ones which I have a few in my radar. Is true that bitcoin surpasses them all, but we shouldn't refrain from the fact that there alts that gives cool profit. Used some of my Dual investment to get to most

Because you can make returns off an altcoin does not mean that it has potential, nobody can say altcoins don't give returns if you are lucky, but to get lucky on them is very difficult. 8 out of 10 would eventually become useless or was created to scam the buyers, and the remaining 2 would only rise for a very short period of time, before it falls again, that's no potential if you ask me.

[kingvirtus09]

I've come to realise that many people still don't understand that there are other cryptocurrencies apart from the bitcoin, yes the bitcoin is considered a cryptocurrency but they're two things altogether, bitcoin is the supreme digital currency and all digital currencies around the world are known as cryptocurrency, it is an form of currency be it digitally or virtually that uses cryptography to secure it's transactions,whereas bitcoin uses a decentralized ledger called the blockchain to maintain and secure a transparent record of transactions.

 Let me bring it to layman's term for people to understand better, in a society there's a family and I'll use the family to represent cryptocurrency now, the family has a head and that is the father which I'll use to represent bitcoin, now inside that family there are other members like the mother, sister,brother  which forms the family, that's how their are other digital currencies that makes up the cryptocurrency as well, now you can say the father is a member and head  of the family but can't say the father and family are same thing, same way as saying bitcoin is the head and supreme cryptocurrency but can't say bitcoin and cryptocurrency is same thing, I hope these illustrations will help you understand my explanations better, also there other cryptocurrencies like etherium, bnb, cardano, polkadot etc.

You know that in the reality that is happening now, most investors choose to invest in altcoins compared to Bitcoin. And I am one of those who prefers to invest in altcoins. Do you know why?

Because I see more that I can get high chances to earn more than Bitcoin. Although I'm not saying it's bad to invest in Bitcoin, not like that; I just mean, bitcoin is a good investment in the long term if you can buy at least one or more bitcoins. Otherwise, it's better to just take a risk on altcoins. Because there are also other altcoins that are on the top list of the market, and for sure they will not be left behind when the bull run comes. Although they have the same risk somehow,

[EarnOnVictor]

I don't know the purpose of this argument as Bitcoin is not Ethereum, and neither is it Solana, these are distinct names. It's only those who do not know Cryptocurrency that would mistake this. All are under the umbrella name of Cryptocurrency because Cryptography and Currency bind them together in creation and principle just as I explained extensively here

All of them are Cryptocurrencies, but each Cryptocurrency has its different names and varied operations and functions.

[dzungmobile]

Everything is unique and Bitcoin is just an oustanding unique cryptocurrency. Even a shit coin is unique too from name to ticker, algorithm and specifications, use cases and so forth.

I believe the discussion is on biggest difference between Bitcoin and altcoins. It is decentralization (Bitcoin) versus centralization (Altcoins). With time, Bitcoin network becomes bigger then stronger and more decentralized from network hashrate and Bitcoin distribution. We can not have all of these with altcoins.

[Blitzboy]

All other things are similar; the only difference is that the trading supply is limited to 21 million, while the supply of cryptocurrency depends on the coin and how much it holds.

IMO, the limited supply of Bitcoins can indeed be a good differentiator too, but there are other answers that are better in my opinion to be used as differentiators between Bitcoin and other crypto assets.

The first is proof that Bitcoin's Blockchain technology is trusted and strong so that it can last longer, making Bitcoin more respected than altcoins. The birth of Bitcoin was truly the beginning of the birth of the world of cryptographic-based coins. And until now, Bitcoin's blockchain technology has proven effective in keeping the network standing strong. This is what causes many institutional investors to become more interested in Bitcoin. The resistance of blockchain technology to hacking means that security and privacy are well maintained.

This has an impact on liquidation and high market cap. This is what causes the number of Bitcoin transactions to be greater when compared to altcoins. Bitcoin is the oldest king. The older you get, the stronger you get. That's why Bitcoin always accumulates market capitalization strength every day.

Bitcoin's restricted supply has a major impact on its dominance, but there's more to it. Blockchain technology in Bitcoin is reliable. It's unmatched in strength and security. Indeed, Bitcoin has shown its resilience time and time again.

Considering the progress of cryptocurrencies, shouldn't we also explore altcoins' potential? Although Bitcoin leads, altcoins provide unique features. Is it not worthwhile to examine and critique these aspects to have a better understanding of market capitalization and transaction volume?

[Bushdark]

When people say "Bitcoin, not crypto" they want to create a differentiation so people don't conflate Bitcoin with all the scammy aspects of alternative cryptocurrencies. Altcoins are often associated with rugpulls, premines, pump and dumps, bad monetary policy and many other negative things. Bitcoin will always prioritize decentralization and security and that's why generalized ideas relating to cryptocurrency might not typically apply.

Any contentious argument that tend to say Bitcoin is not crypto is a big fallacious Statement which need to be disregarded. Bitcoin is the number coin as far as the crypto market is certain. The creation and existence of Bitcoin is what brought about the crypto market and the advancement has brought about different altcoins projects in the market allowing people to create their own projects and launch them in the crypto market. The consistent launch if new projects in the market keeps increasing the market capitalization of the entire cryptocurrency sphere.

[btc78]

the people who are here most likely already know this but for sure those who have little knowledge about bitcoin or cryptocurrency in general will find this confusing nice explanation though might help a beginner or two and will show them more options other than but coins  to invest although of course just like the head of the family it’s already established and more often than not must be followed just like bitcoin

[Aanuoluwatofunmi]

When people say "Bitcoin, not crypto" they want to create a differentiation so people don't conflate Bitcoin with all the scammy aspects of alternative cryptocurrencies. Altcoins are often associated with rugpulls, premines, pump and dumps, bad monetary policy and many other negative things. Bitcoin will always prioritize decentralization and security and that's why generalized ideas relating to cryptocurrency might not typically apply.

Tge ideal understanding comes in this way that we have bitcoin and we have altcoins all in cryptocurrency, bitcoin is an independent cryptocurrency on it own, then every other cryptocurrencies are all refereed to as altcoins except bitcoin, so it's very important to always make the difference when making the discussion and not to conclude by accepting every cryptocurrencies to be thesame as bitcoin because there are scam or shitcoins in altcoins where their developers are not trusted and the project is not realistic than scam.

[Mame89]

People mostly hear about Bitcoin first then of other cryptos, so one may think they aren't aware of other cryptos, but sooner or later they come to know about it anyway.

Correct. Because bitcoin was the first coin, after that other cryptocurrencies (altcoins) were born, the number of coins of which is increasing day by day, so it can be said that bitcoin is the father of cryptocurrencies.

Bitcoin is a crypto, but bitcoin is a coin, ethereum is also a crypto coin. Just the name "cryptocurency" in cryptocurrency there are coins and tokens. Bitcoin has its own network, ethereum and Binance are coins that also have their own networks too.

[Ndabagi01]

This mistake is commonly made by newbies. The same way a newbie once told me that Binance is better than Trust Wallet (you can imagine such a comparison). While it's great to see new people getting interested in the crypto space, it's important to clarify many misunderstandings. For example, in this case, there's Bitcoin which falls in the category of cryptocurrency and is not a category itself. Educating these newbies about these differences would really help them make informed decisions and avoid misconceptions that could even lead to loss of funds. Thank goodness that we have this platform for people to ask questions and learn.

I'm not surprised by that newbie's assumption when comparing Binance and Trust Wallet; before I joined the bitcoin soace, I had no idea about them; I always assumed bitcoin was a coin and the popular exchange, Binance, was also a coin, until I was introduced to them and explained in detail what they are. The terms cryptocurrency and bitcoin were the most confusing to me. With a clearer explanation, I can now tell them apart without thinking twice. All newbies should be aware that bitcoin is the first cryptocurrency, and any other cryptocurrency after it should not be treated as an equal to bitcoin because they are all alternative coins. The term altcoin can only refer to any coin other than bitcoin, which was the first cryptocurrency to emerge and continues to be the most valuable.

[BitDane]

This is very easy to determine because a coin/cryptocurrency is always behind what Bitcoin represents, and yes, perhaps it can represent money, but never like bitcoin is, because bitcoin is far above all cryptocurrencies, thanks to the bitcoin is that the others exist, the people who only believe in crypto waves and not in bitcoin is like not loving your mother, because thanks to Bitcoin everything is done, if bitcoin makes a movement all the crypto waves go in that direction, because It is the creation, it is the origin of all that, it is that simple, I can't find any other explanation that could make it clearer.

Bitcoin is cryptocurrency so it make sense if we use the word "altcoin" or "other cryptocurrency".  Simply stating cryptocurrency which also represents Bitcoin may cause misconception especially when we are comparing Bitcoin and other cryptocurrency.

This mistake is commonly made by newbies. The same way a newbie once told me that Binance is better than Trust Wallet (you can imagine such a comparison). While it's great to see new people getting interested in the crypto space, it's important to clarify many misunderstandings. For example, in this case, there's Bitcoin which falls in the category of cryptocurrency and is not a category itself. Educating these newbies about these differences would really help them make informed decisions and avoid misconceptions that could even lead to loss of funds. Thank goodness that we have this platform for people to ask questions and learn.

There is quite a problem in correcting misconception because many newbies and other members who has the tendency to read the title and post reply failed to read other replies, they keep on insisting their on their own knowledge without verifying if they had represented it correctly like the case you stated.  We can observe it in this thread even though many replies corrected them but many still believe that Bitcoin is different from cryptocurrency.  I even plotted the relationship of Bitcoin and Cryptocurrency in my earlier reply here but it was ignored.  I think we should not get tired of correcting stuff if we happen to have the right knowledge about it.

[Onyeeze]

Some people do contradict the difference between bitcoin and cryptocurrencies and its only people who don't know about bitcoin that really wants to know about bitcoin and cryptocurrencies, when you go to Google it will gives you the difference but will still bring it here to the forum whereas so many people have the ideas of the difference between bitcoin and cryptocurrencies, a cryptocurrency is the general name of cryptocurrencies so which bitcoin is a part of cryptocurrency and altcoins is also parts of cryptocurrencies but altcoins are subjects to bitcoin because they get influenced through bitcoin for their increment