Balancing Financial security and Bitcoin Accumulation

[Bigjoe33]

I agree with the main point in the text above, which argues that the source of your funds (discretionary income) is more important than how much you spend at once. Making a substantial price-point purchase using your discretionary income can actually decrease your overall anxiety as long as you have the financial stability to manage the day-to-day fluctuations associated with the cryptocurrency market.  Additionally, only invest those funds that you have the capability of locking up for an extended period of time, thus helping you to maintain your composure, think long-term, and avoid irrational financial decision-making as you navigate through your cryptocurrency investment journey.

You have mentioned crypto currency twice, in your 3rd and 5th line, and thus, your use of terms here seems wrong and misleading, especially to inexperienced or potential investors. Using the word ''cryptocurrency'' in a purely Bitcoin thread and discussion is the wrong idea. You know, crypto currency is ambiguous and is not limited to just one coin. It's very important that when explaining matters like this, you use Bitcoin and not crypto currency so that newbie investors might not be confused, thinking that you may be referring to other shitcoins or memecoins crypto projets that are not stable. Bitcoin is a more stable and reliable coin, and thus, it should be accorded the recognition it deserves. So, it should be Bitcoin investment and not crypto currency.

[The Founding Titan]

I agree with the main point in the text above, which argues that the source of your funds (discretionary income) is more important than how much you spend at once. Making a substantial price-point purchase using your discretionary income can actually decrease your overall anxiety as long as you have the financial stability to manage the day-to-day fluctuations associated with the cryptocurrency market.  Additionally, only invest those funds that you have the capability of locking up for an extended period of time, thus helping you to maintain your composure, think long-term, and avoid irrational financial decision-making as you navigate through your cryptocurrency investment journey.

You have mentioned crypto currency twice, in your 3rd and 5th line, and thus, your use of terms here seems wrong and misleading, especially to inexperienced or potential investors. Using the word ''cryptocurrency'' in a purely Bitcoin thread and discussion is the wrong idea. You know, crypto currency is ambiguous and is not limited to just one coin. It's very important that when explaining matters like this, you use Bitcoin and not crypto currency so that newbie investors might not be confused, thinking that you may be referring to other shitcoins or memecoins crypto projets that are not stable. Bitcoin is a more stable and reliable coin, and thus, it should be accorded the recognition it deserves. So, it should be Bitcoin investment and not crypto currency.

People seem to always lump bitcoin and shitcoins together and that's just bad, the are as far from each other as can be possible and especially when this is a bitcoin thread, there are other altcoins thread in the forum, there is even an az altcoin board dedicated to discussions related to it so that people that are talking about bitcoin can be specific on what they want to talk about rather than using vague words like cryptocurrency to classify bitcoin, people can very much easily get confused on what a person is talking about so to avoid this it's always better to be specific and to use the right words and name when discussing bitcoin.

[GIF-JOBS]

Lump summing may seem very unrealistic for most average folks who are earning low or inconsistent income, this is coz it may be almost impossible for them to have a large chunk of money sitting in their account...But then most folks both the rich and poor earn their income either in a weekly or a monthly basis, that is why DCA may feel more realistic and convenient for this folks as it make it possible to spread out their small and steady purchase across the periods where they receive their income, thereby reducing the burden and fear/panic that may come with putting in a large amount of money. DCA is just the perfect strategy for all.

You don't need to have a big chunk of funds sitting in your account before you can lump sum. A poor investor can still lump sum because buying lump sum doesn't mean that you are to use to big amount of money to buy at once. If you're given bonus at work or funds as gift in your birthday party or during festive periods like this Xmas time, you can use the money to lump sum right away without considering the price of bitcoin.

If your DCA is $50 weekly from your discretionary income, and you received funds $100 as bonus that you didn't expect and have no plan of using the money, you can buy right away with the $100. You must not have $1000 before you say it's lump sum.

No doubt that it must be a big money before you call it lump sum, once you buy higher than your normal weekly or monthly DCA buy at some point, it might be regarded as lump sum for you. But then, it still comes down to what you can afford to invest. Because a low income investor who is trying to keep up with his weekly investment and trying to adjust in his expenses and income allocation, might not freely invest totally with such cash gift as you mentioned above. He might still want to continue with his normal buys and then put in some of the money to some other things or even add to his emergency funds or any other thing depending on priority or the present situation. Preferably, sticking with a continuous DCA buys and maybe a slight DCA increase and then building up back up funds rather than going for a lump sum immediately when one gets little cash bonuses that are not steady

using up an extra cash such as gift to do lump sum is not a bad idea since this money is not meant for any purpose. A low coiner can decide to use up this extra cash to buy bitcoin using lump sum strategy and this won't affect the investor from meeting up with his /her expenses. Using extra cash to do lump sum isn't a bad idea at all , an investor can decide to use this extra cash for buying the dip buy setting it aside while going about with his investment using DCA strategy and then use the extra cash to buy the dip when the opportunity arises.

While continuing to invest consistently, you can create a separate budget for buying dips, from which you can buy aggressively by taking advantage of the opportunity. However, you must use this aggressive investment as a side strategy, first you have to buy through DCA, continue it with the DCA strategy with the most importance and then you have to think about buying aggressively. You should buy first through a consistent strategy to be mentally stable, but if you are only thinking about aggressive investment, then you will definitely not be able to survive here, Because the market never move according to our expectations.

[cxtreenal]

I agree with the main point in the text above, which argues that the source of your funds (discretionary income) is more important than how much you spend at once. Making a substantial price-point purchase using your discretionary income can actually decrease your overall anxiety as long as you have the financial stability to manage the day-to-day fluctuations associated with the cryptocurrency market.  Additionally, only invest those funds that you have the capability of locking up for an extended period of time, thus helping you to maintain your composure, think long-term, and avoid irrational financial decision-making as you navigate through your cryptocurrency investment journey.

You have mentioned crypto currency twice, in your 3rd and 5th line, and thus, your use of terms here seems wrong and misleading, especially to inexperienced or potential investors. Using the word ''cryptocurrency'' in a purely Bitcoin thread and discussion is the wrong idea. You know, crypto currency is ambiguous and is not limited to just one coin. It's very important that when explaining matters like this, you use Bitcoin and not crypto currency so that newbie investors might not be confused, thinking that you may be referring to other shitcoins or memecoins crypto projets that are not stable. Bitcoin is a more stable and reliable coin, and thus, it should be accorded the recognition it deserves. So, it should be Bitcoin investment and not crypto currency.

People seem to always lump bitcoin and shitcoins together and that's just bad, the are as far from each other as can be possible and especially when this is a bitcoin thread, there are other altcoins thread in the forum, there is even an az altcoin board dedicated to discussions related to it so that people that are talking about bitcoin can be specific on what they want to talk about rather than using vague words like cryptocurrency to classify bitcoin, people can very much easily get confused on what a person is talking about so to avoid this it's always better to be specific and to use the right words and name when discussing bitcoin.

Although cryptocurrency is a supportive term, Bitcoin is different from other crypto due to its unique characteristics. Although it has not been very long in its development period, this asset has become a store of value. Although someone claim that shitcoin is on par with it, most of them fluctuate depending on the price of Bitcoin. In order for investors to understand the importance of investing, Bitcoin and shitcoin need to be defined separately from the coin of the cryptocurrency level. We also made the same mistake in the initial stage, but due to the structural differences and unique characteristics of this asset we can easily identify Bitcoin and advise everyone to avoid investing in garbage in terms of investment advice.

[Hardyrobust]

Although cryptocurrency is a supportive term, Bitcoin is different from other crypto due to its unique characteristics. Although it has not been very long in its development period, this asset has become a store of value. Although someone claim that shitcoin is on par with it, most of them fluctuate depending on the price of Bitcoin. In order for investors to understand the importance of investing, Bitcoin and shitcoin need to be defined separately from the coin of the cryptocurrency level. We also made the same mistake in the initial stage, but due to the structural differences and unique characteristics of this asset we can easily identify Bitcoin and advise everyone to avoid investing in garbage in terms of investment advice.

I believe it is mostly for clearity sake and to be more precise that is why it will be good to used bitcoin instead of cryptocurrency. Since cryptocurrency is a general name and includes different coins. So using it while referring to bitcoin may end up confusing others that may not really know the exact coins you have in mind to avoid such ambiguousity while referring to bitcoin, the term crypto currency shouldn't be used.

[JayJuanGee]

[edited out]

While continuing to invest consistently, you can create a separate budget for buying dips, from which you can buy aggressively by taking advantage of the opportunity. However, you must use this aggressive investment as a side strategy, first you have to buy through DCA, continue it with the DCA strategy with the most importance and then you have to think about buying aggressively. You should buy first through a consistent strategy to be mentally stable, but if you are only thinking about aggressive investment, then you will definitely not be able to survive here, Because the market never move according to our expectations.

I think that we set our level of aggressiveness in regards to the strength of our finances and not in regards to whether the BTC price is dipping or not.

If you change your level of aggressiveness based on BTC price dips, then you are just asking for potentials for mistakes to be made. It might not be totally wrong, even though so many guys seem to be loosely describing BTC price dips as if they were opportunities to buy more bitcoin and presumptively to authorize more funds to be dedicated towards buying bitcoin.

There is no problem to have additional funds that you keep on the side in order to be able to buy dips, and the mere fact that there is a dip and that you use such funds, I doubt that signifies that you are changing your aggressiveness, since you have already established such additional funds are available for buying BTC price dips.

It could be true that you have created the extra funds for buying bitcoin price dips yet at the same time, you have not established exactly how much BTC price dip you are going to want go experience before triggering the use of some or all of the dip-buying funds, yet if you are staying within the bounds of funds that you already established for such dips, then you are not changing your level of aggressiveness.

Maybe you take another approach, and you see that the BTC price is dipping, so you review your various finances so that you can increase your authorization of additional funds in order to buy more bitcoin based on the dip, so then that would be increasing your aggressiveness based on authorizing additional funds... Or maybe you have a general practice in which you tend to have anywhere between $50 and $400 in discretionary funds each week, so your habit is to be buying bitcoin using 50% of your discretionary funds, so some weeks you buy $25 of bitcoin and other weeks you buy $200.  However, when there is a dip you decide to raise your level of aggressiveness, and you decide to use 80% of your available funds for the buying of bitcoin, since you want to take advantage of the dip... so now, with your higher level of aggressiveness, you may well end up buying between $40 and $320 per week in bitcoin based on 80% rather than 50% authorizations.

I suppose if you are staying within the bounds of your discretionary income, your increased bitcoin buying aggressiveness on dips might be reasonable, even though you might end up making mistakes and unreasonably decreasing the level of your cushions of your available cash... , which frequently contributes to my considering that level of aggressiveness should be increased based on strength of finances rather than being based on whether or not the BTC price is dipping.

[ejikeme24]

I believe it is mostly for clearity sake and to be more precise that is why it will be good to used bitcoin instead of cryptocurrency. Since cryptocurrency is a general name and includes different coins. So using it while referring to bitcoin may end up confusing others that may not really know the exact coins you have in mind to avoid such ambiguousity while referring to bitcoin, the term crypto currency shouldn't be used.

You should know that cryptocurrency is a general term, but you're right we need to be more specific while giving reference so that newbies won't end up making the wrong choice. The thing is, most folks are used to the term "cryptocurrency" which is why they usually mention cryptocurrency whenever they are making explanation as regards to Bitcoin investment because they feel that they are all together which can be very misleading more especially to newbies. So now that Bitcoin has gained independence we all have to address it as digital asset So it is high time we stop using the term cryptocurrency" while making explanation.

[Xackie]

Although someone claim that shitcoin is on par with it, most of them fluctuate depending on the price of Bitcoin.

Those that claim shitcoins is on par with bitcoin are mentally blind. What kind comparison is that. Bitcoin is the father of Crypto. The movement of all shitcoins depends on bitcoin hand. Bitcoin is one in a billion no coin can ever be like it.

[Lembo69]

Because the market never move according to our expectations.

The market does not move as per our expectations, so we should not wait for the fall. No one knows about the market cycle, so we should buy regularly through the dca strategy. And if you can buy from your discretionary income, then you can easily buy the fall during the fall. The best investment is a long-term investment which will be 4-10 years. That is, if you can spend 2 cycles, then it will be profitable for you.
And an experienced investor never wastes time waiting for the fall. If you invest only 10% of your income. If you can manage the investment for a long time, one day you can become one of the successful investors.

[I_Anime]

I think that we set our level of aggressiveness in regards to the strength of our finances and not in regards to whether the BTC price is dipping or not.

If you change your level of aggressiveness based on BTC price dips, then you are just asking for potentials for mistakes to be made. It might not be totally wrong, even though so many guys seem to be loosely describing BTC price dips as if they were opportunities to buy more bitcoin and presumptively to authorize more funds to be dedicated towards buying bitcoin.

Exactly , if one is being aggressive base on market condition , the chances of that folk messing up his bitcoin investment is higher . Suppose to be base on your financial capability , for instance market is undergoing a massive drop down in Market prices (which is a good opportunity to keep buying ) , and your budget was not cut up for any aggressive buying and you went ahead to go against your normal budget just to buy aggressively and the market endup dipping further , there’s chances of you selling in loss just to handle those things you neglected at first , inorder to buy aggressively. And then you are no longer investing you are just gambling, so best is to keep investing and be aggressive when necessary, not basing on market dip .

[Proty]

I think that we set our level of aggressiveness in regards to the strength of our finances and not in regards to whether the BTC price is dipping or not.

If you change your level of aggressiveness based on BTC price dips, then you are just asking for potentials for mistakes to be made. It might not be totally wrong, even though so many guys seem to be loosely describing BTC price dips as if they were opportunities to buy more bitcoin and presumptively to authorize more funds to be dedicated towards buying bitcoin.

Exactly , if one is being aggressive base on market condition , the chances of that folk messing up his bitcoin investment is higher . Suppose to be base on your financial capability , for instance market is undergoing a massive drop down in Market prices (which is a good opportunity to keep buying ) , and your budget was not cut up for any aggressive buying and you went ahead to go against your normal budget just to buy aggressively and the market endup dipping further , there’s chances of you selling in loss just to handle those things you neglected at first , inorder to buy aggressively. And then you are no longer investing you are just gambling, so best is to keep investing and be aggressive when necessary, not basing on market dip .

I think the best to used to describe such situations is being over aggressive. This situation isn't good because it hinder the possibility of holding bitcoin for a long term. No matter what the market conditions maybe it should push us into using more than what we can afford to lose into investing in bitcoin. An investor can be aggressive within his discretionary income however anything other this, using ones expensive to buy bitcoin aggressive isn't a good idea and it is mostly traders that do take such risk.

[PhilosopherKing]

I think that we set our level of aggressiveness in regards to the strength of our finances and not in regards to whether the BTC price is dipping or not.

You hit t the nail on the head. Aggressive buying without backup or the means of achieving it, is straight up gambling, that is why everyone should constantly make sure that their aggressiveness matches with their finances. Investors should know their limits and if their finances cannot handle a big buy then it is better to focus on the amount that can be bought, instead of trying to push beyond your limit thereby screwing themselves over.

[Nightwatchmare]

The investor should know that the bitcoin always fluctuate due to its volatility, nothing is wrong if an investor buy BTC with large sum of money as long as you can do away with it, some of these rich folks buys bitcoin large sum of money and never panic, don't you also know that there are also investors who dca with large sum of money? While some uses the lumb sum strategy in buying BTC. Buying with dca strategy doesn't make the price of bitcoin normalize nothing changes bitcoin will be volatile no matter any strategy use, it will be good to buy in large quantities than buying little by little if we have the discretionary income to buy if you also have little discretionary income you can as well be buying little little too provided you are doing this consistently and persistently every weeks or every months.

using large sum of money to buy bitcoin all at once is not DCA strategy but it is lump sum buying. So it will be wrong to think that using large amounts of money to buy bitcoin is DCA strategy. It is not all investors that would want to enter the market all at once and also buying bitcoin on regular basis using DCA , act as a hedge against inflation.

The lump sum method is the process of buying the quantity of Bitcoin you want at once. For example, if you wish to buy one Bitcoin and you have the money to make the purchase at once, you can use the lump sum method and buy the one Bitcoin. But there could be a case where someone can decide to buy one Bitcoin, and the person can decide to use the DCA method to accumulate Bitcoin weekly, and if the person is rich, the person can decide to accumulate Bitcoin with $2k every week just to arrive at his/her wish quickly. So it is not every investor that is using large amount of money to buy Bitcoin that is using the lump sum method.

[yixichloro2xx]

I think that we set our level of aggressiveness in regards to the strength of our finances and not in regards to whether the BTC price is dipping or not.

If you change your level of aggressiveness based on BTC price dips, then you are just asking for potentials for mistakes to be made. It might not be totally wrong, even though so many guys seem to be loosely describing BTC price dips as if they were opportunities to buy more bitcoin and presumptively to authorize more funds to be dedicated towards buying bitcoin.

Exactly , if one is being aggressive base on market condition , the chances of that folk messing up his bitcoin investment is higher . Suppose to be base on your financial capability , for instance market is undergoing a massive drop down in Market prices (which is a good opportunity to keep buying ) , and your budget was not cut up for any aggressive buying and you went ahead to go against your normal budget just to buy aggressively and the market endup dipping further , there’s chances of you selling in loss just to handle those things you neglected at first , inorder to buy aggressively. And then you are no longer investing you are just gambling, so best is to keep investing and be aggressive when necessary, not basing on market dip .

Exactly, this is the reason why it is good to stick to your plan. Just because Bitcoin price drops, then you now decided to go all in. That is a bad idea,  you might end up stressing your budget and selling at loss. The best move is continuing your steady buying approach, Stick to the amount of money you have already planned to us to buy Bitcoin, and don't let the market control your decisions, stick to what you can handle, not just react to price drops.

[Nightwatchmare]

I think that we set our level of aggressiveness in regards to the strength of our finances and not in regards to whether the BTC price is dipping or not.

If you change your level of aggressiveness based on BTC price dips, then you are just asking for potentials for mistakes to be made. It might not be totally wrong, even though so many guys seem to be loosely describing BTC price dips as if they were opportunities to buy more bitcoin and presumptively to authorize more funds to be dedicated towards buying bitcoin.

Exactly , if one is being aggressive base on market condition , the chances of that folk messing up his bitcoin investment is higher . Suppose to be base on your financial capability , for instance market is undergoing a massive drop down in Market prices (which is a good opportunity to keep buying ) , and your budget was not cut up for any aggressive buying and you went ahead to go against your normal budget just to buy aggressively and the market endup dipping further , there’s chances of you selling in loss just to handle those things you neglected at first , inorder to buy aggressively. And then you are no longer investing you are just gambling, so best is to keep investing and be aggressive when necessary, not basing on market dip .

I think the best to used to describe such situations is being over aggressive. This situation isn't good because it hinder the possibility of holding bitcoin for a long term. No matter what the market conditions maybe it should push us into using more than what we can afford to lose into investing in bitcoin. An investor can be aggressive within his discretionary income however anything other this, using ones expensive to buy bitcoin aggressive isn't a good idea and it is mostly traders that do take such risk.

There is nothing wrong with being over aggressive at some point because it will play a very good role in your accumulation by helping you to accumulate a large amount of Bitcoin in a short period of time. Being over aggressive can only hinder the possibility of you arriving at your over accumulation stage if you get carried away by it and use money for your day-to-day expenses to invest in Bitcoin aggressively. If you must be over aggressive in your investment, it is better you use discretionary income and never go beyond your discretionary income so that it will not have any negative influence on your accumulation process.

[Bigjoe33]

I think that we set our level of aggressiveness in regards to the strength of our finances and not in regards to whether the BTC price is dipping or not.

You hit t the nail on the head. Aggressive buying without backup or the means of achieving it, is straight up gambling, that is why everyone should constantly make sure that their aggressiveness matches with their finances. Investors should know their limits and if their finances cannot handle a big buy then it is better to focus on the amount that can be bought, instead of trying to push beyond your limit thereby screwing themselves over.

What sense does it make, it is a clear poor investment mentality or approach for an investor to become aggressively involved in the market when he has no extra funds prepared for such aggressiveness. What next will happen, if he had dipped hands into his emergency funds or normal pay to do that, forfeiting necessary expenses, then when such financial needs arises, he will be forced to tap from his BTC assets to handle such situations, thereby screwing his investment up or terminating his long term investment plan suddenly.

Is you must be aggressive in buying bitcoin, there should be surely mediums such as extra income to buy. Anything other than that can lead to panic in your investment journey and maybe ending too soon

[JayJuanGee]

I believe it is mostly for clearity sake and to be more precise that is why it will be good to used bitcoin instead of cryptocurrency. Since cryptocurrency is a general name and includes different coins. So using it while referring to bitcoin may end up confusing others that may not really know the exact coins you have in mind to avoid such ambiguousity while referring to bitcoin, the term crypto currency shouldn't be used.

You should know that cryptocurrency is a general term, but you're right we need to be more specific while giving reference so that newbies won't end up making the wrong choice. The thing is, most folks are used to the term "cryptocurrency" which is why they usually mention cryptocurrency whenever they are making explanation as regards to Bitcoin investment because they feel that they are all together which can be very misleading more especially to newbies. So now that Bitcoin has gained independence we all have to address it as digital asset So it is high time we stop using the term cryptocurrency" while making explanation.

I doubt that it helps to be using a vague term such as "digital asset" instead of using "crypto currency".

Part of the problem is that both of those terms are vague and it does not help to change the term to "digital asset" and conclude that you solved the problem that involves vagueness and lumping shitcoin and bitcoin into one category without specifying what you are talking about.  Accordingly, using the term digital asset does not solve the issue and it continues to be vague, ambiguous, misleading and potentially intentionally deceptive.  

Another problem is each of the two terms (digital asset or Crypto currency) put bitcoin in the same category as shitcoins, and yeah lawmakers might engage in such practices to try to define categories, yet if we are trying to have a meaningful discussion, we should not be using such vague and broad terms... Even lawmakers might get themselves in troubles if they are trying to define categories broadly and not sufficiently specifying.  Shitcoin promoters and bitcoin naysayers just love if we are using vague references about bitcoin and and including shitcoins and bitcoin  as if they were all the same thing.

If you are referring to bitcoin then why not use the term bitcoin or at least describe where and/or how bitcoin fits into the discussion.

If you are talking about some shitcoin, then maybe it is o.k. to use the term crypto or digital asset as long as you have provided some description of what you are talking about, yet how is it going to be known what is being talked about with the use of just a general reference.  

It seems to me that we have been talking about bitcoin in this thread.. and we are on a bitcoin forum, too.

[Silikiem]

I believe it is mostly for clearity sake and to be more precise that is why it will be good to used bitcoin instead of cryptocurrency. Since cryptocurrency is a general name and includes different coins. So using it while referring to bitcoin may end up confusing others that may not really know the exact coins you have in mind to avoid such ambiguousity while referring to bitcoin, the term crypto currency shouldn't be used.

You should know that cryptocurrency is a general term, but you're right we need to be more specific while giving reference so that newbies won't end up making the wrong choice. The thing is, most folks are used to the term "cryptocurrency" which is why they usually mention cryptocurrency whenever they are making explanation as regards to Bitcoin investment because they feel that they are all together which can be very misleading more especially to newbies. So now that Bitcoin has gained independence we all have to address it as digital asset So it is high time we stop using the term cryptocurrency" while making explanation.

I doubt that it helps to be using a vague term such as "digital asset" instead of using "crypto currency".

Part of the problem is that both of those terms are vague and it does not help to change the term to "digital asset" and conclude that you solved the problem that involves vagueness and lumping shitcoin and bitcoin into one category without specifying what you are talking about.  Accordingly, using the term digital asset does not solve the issue and it continues to be vague, ambiguous, misleading and potentially intentionally deceptive.  

Another problem is each of the two terms (digital asset or Crypto currency) put bitcoin in the same category as shitcoins, and yeah lawmakers might engage in such practices to try to define categories, yet if we are trying to have a meaningful discussion, we should not be using such vague and broad terms... Even lawmakers might get themselves in troubles if they are trying to define categories broadly and not sufficiently specifying.  Shitcoin promoters and bitcoin naysayers just love if we are using vague references about bitcoin and and including shitcoins and bitcoin  as if they were all the same thing.

If you are referring to bitcoin then why not use the term bitcoin or at least describe where and/or how bitcoin fits into the discussion.

If you are talking about some shitcoin, then maybe it is o.k. to use the term crypto or digital asset as long as you have provided some description of what you are talking about, yet how is it going to be known what is being talked about with the use of just a general reference.  

It seems to me that we have been talking about bitcoin in this thread.. and we are on a bitcoin forum, too.

You’re right, there are so many digital assets, as well as crypto-currencies, so we need to be specific about what we want to really invest in. Most persons think that digital assets are only limited to cryptocurrencies alone but there’s more to it. Bitcoin is bitcoin, and has really distinguished itself from this other assets and at such one needs to be careful not to refer to bitcoin as a cryptocurrency or a digital assets because there are so many of these assets scattered across the globe which can be misleading and in order not to mislead the newbies into investing in any shitcoin or assets with no true value even if held for years, then is better we go directly and say Bitcoin for proper understanding. Besides, the discussion here is purely Bitcoin.

[ZeroVinsonN]

I believe it is mostly for clearity sake and to be more precise that is why it will be good to used bitcoin instead of cryptocurrency. Since cryptocurrency is a general name and includes different coins. So using it while referring to bitcoin may end up confusing others that may not really know the exact coins you have in mind to avoid such ambiguousity while referring to bitcoin, the term crypto currency shouldn't be used.

You should know that cryptocurrency is a general term, but you're right we need to be more specific while giving reference so that newbies won't end up making the wrong choice. The thing is, most folks are used to the term "cryptocurrency" which is why they usually mention cryptocurrency whenever they are making explanation as regards to Bitcoin investment because they feel that they are all together which can be very misleading more especially to newbies. So now that Bitcoin has gained independence we all have to address it as digital asset So it is high time we stop using the term cryptocurrency" while making explanation.

I doubt that it helps to be using a vague term such as "digital asset" instead of using "crypto currency".

Part of the problem is that both of those terms are vague and it does not help to change the term to "digital asset" and conclude that you solved the problem that involves vagueness and lumping shitcoin and bitcoin into one category without specifying what you are talking about.  Accordingly, using the term digital asset does not solve the issue and it continues to be vague, ambiguous, misleading and potentially intentionally deceptive.  

Another problem is each of the two terms (digital asset or Crypto currency) put bitcoin in the same category as shitcoins, and yeah lawmakers might engage in such practices to try to define categories, yet if we are trying to have a meaningful discussion, we should not be using such vague and broad terms... Even lawmakers might get themselves in troubles if they are trying to define categories broadly and not sufficiently specifying.  Shitcoin promoters and bitcoin naysayers just love if we are using vague references about bitcoin and and including shitcoins and bitcoin  as if they were all the same thing.

If you are referring to bitcoin then why not use the term bitcoin or at least describe where and/or how bitcoin fits into the discussion.

If you are talking about some shitcoin, then maybe it is o.k. to use the term crypto or digital asset as long as you have provided some description of what you are talking about, yet how is it going to be known what is being talked about with the use of just a general reference.  

It seems to me that we have been talking about bitcoin in this thread.. and we are on a bitcoin forum, too.

Exactly, after all shitcoins are digital and can be considered to be assets by some people so tagging bitcoin solely with the digital asset term makes it look like just another shitcoin and there is also the lack of specificity since no one can really know that you are talking about bitcoin when you just throw in digital asset in a conversation, you can blame people when they make the wrong assumption in a situation like this because you didn't specify what you were talking about in the first place.
If we are to talk about bitcoin in a conversation and as we are in this thread then it's best to use it's actual name rather than referring to it with vague and misleading terminologies.

[Creeper0]

Exactly, after all shitcoins are digital and can be considered to be assets by some people so tagging bitcoin solely with the digital asset term makes it look like just another shitcoin and there is also the lack of specificity since no one can really know that you are talking about bitcoin when you just throw in digital asset in a conversation, you can blame people when they make the wrong assumption in a situation like this because you didn't specify what you were talking about in the first place.
If we are to talk about bitcoin in a conversation and as we are in this thread then it's best to use it's actual name rather than referring to it with vague and misleading terminologies.

When we are talking openly about investing and the topic is Bitcoin, we should use the word Bitcoin. Digital assets can be a bit confusing and most of the digital assets are very risky and full of scams. However, sound knowledge and the right strategy can control those risks and scams. Still, calling Bitcoin a digital asset can be confusing for a newcomer.

However, since the inception of Bitcoin till now, we have not found any scams among Bitcoin, rather Bitcoin has now become a reliable asset and store of value. You will get the highest returns from Bitcoin only when you invest in the right strategy with a long-term plan. Otherwise, Bitcoin may seem like a scam if you are tempted by short-term profits. Because, Bitcoin is not an easy way to get rich quick.