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Author Topic: CAN WE COMPARE BITCOIN AND CRYPTO  (Read 42 times)
Aloysius01 (OP)
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Today at 02:27:30 PM
 #1

Yes we can compare Bitcoin and crypto, but it helps to be clear about what that means Bitcoin vs crypto
Bitcoin is a single cryptocurrency the first and most well known one crypto, A broad tearm that includes Bitcoin plus thousands of other coins like Ethereum, Solana, BNB, etc.
Purpose,
Bitcoin mainly designed as digital money and a store of value often called digital gold, other crypto many are built for smart contracts, Defi NFs, gaming payment or fast transaction.
Decentralization
Bitcoin highly decentralized, no control, very secure, other crypto some are decentralized, others are party centralized and depends on teams or foundations
Supply
]Bitcoin fixed supply of 21 million coins no more can ever be created Most crypto often have no fixed limit or can change supply rules..
Risk Level
Bitcoin lower risk compared to other crypto more stable Long term other crypto higher risk, higher reward many protect fail few succeed.
Adoption and Trust,
Bitcoin wildly accepted legal in many countries held by institutions other crypto Adoption varies many depend on hypeand trends, what I'm trying to narrate is that Bitcoin is crypto but not all crypto is Bitcoin, Bitcoin focus on security scarcity and long term value whole other crypto currency focus on utility and innovation often with higher risk.




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Today at 03:16:28 PM
 #2

Crypto is a term for a whole that is tied to cryptography while bitcoin is a term for Bitcoin itself, which can be said to be a specific mention of an asset in the crypto market, but some people do not like to unite crypto with bitcoin because they consider it different, which is more clearly not like to unite Bitcoin with Shitcoin / altcoin which is full of manipulation and fraud that has no value in their view.

 
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Today at 03:26:56 PM
 #3

I think you are making it more complex than it should be, it is actually very simple:

Bitcoin is a cryptocurrency, the first one which have proven itself to hold actual value and use case because of its decentralized nature and deflationary distribution.
Both alternative currencies and Bitcoin are cryptocurrencies, because all of them use some kind of asymmetric cryptography in order to secure funds or interact with the blockchain.
However, not all cryptocurrencies have a point of comparison with Bitcoin, Bitcoin is so important  and held at a new level that it can only be compared with a handful of decentralized assets on this market.

This is rather an issue of nomenclature and classification of assets.

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Today at 03:38:04 PM
 #4

​Well if I may say I feel you are misunderstanding it or maybe you are talking about altcoins as it seems that's what you are trying to talk about. Because the cryptocurrency is the general name used for the entire space both bitcoin and all are classified as cryptocurrency.

​That said the very concept of bitcoin being different from altcoins is mostly because most of them are not trusted some are shit coins, fraud, and the rest. Even at that, most altcoins do not have a lasting value as bitcoin so yeah bitcoin is unique in many ways that can't be compared to any altcoin.

​That said it would be much more better if you use the term bitcoin and altcoins, than saying crypto .Apart from that op your post is nice as it shows you are gradually learning in this space....


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Today at 04:21:21 PM
 #5

There's a difference between Bitcoin and shitcoins. Although people say they're all cryptocurrencies, they offer distinct advantages and cannot be compared. Bitcoin is truly decentralized and the only one that can be trusted. Shitcoins, on the other hand, offer nothing but short-term speculation, empty promises, or fragile artificial utilities, controlled by developers, whales, or scammers. Only Bitcoin is the most secure and time-tested, while others just follow suit.

R


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Today at 06:20:32 PM
 #6

Bitcoin decentralized nature and its halving makes it unique from altcoins. However, it's good to be specific with the exact coin name that you're talking about so that whomever, you are talking to will have a proper understanding of what you are saying. They're all cryptocurrency but when you use the word crypto, you ain't saying anything because it's a vague word.

R


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Today at 07:02:01 PM
 #7

There's a difference between Bitcoin and shitcoins. Although people say they're all cryptocurrencies, they offer distinct advantages and cannot be compared. Bitcoin is truly decentralized and the only one that can be trusted. Shitcoins, on the other hand, offer nothing but short-term speculation, empty promises, or fragile artificial utilities, controlled by developers, whales, or scammers. Only Bitcoin is the most secure and time-tested, while others just follow suit.
What OP mean by crypto is Altcoin, CAN WE COMPARE BITCOIN AND ALTCOIN? Yes, the early Altcoins were specifically created to resemble Bitcoin, not to replace it, but as of this time, we have see Altcoins claiming to be Bitcoin, though the question is which is better when comparing?

Altcoins are alternatives of Bitcoin, created for specific Bitcoin purpose or diverse utility as we have in the crypto space.

Not all Altcoins are shitcoins, but all shitcions are part of Altcoins.

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