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Author Topic: Bitcoin is crypto, just like everything else. He is strong, but inseparable from  (Read 258 times)
Razmirraz
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Today at 09:43:29 AM
 #21

In the crypto world, Bitcoin is categorized as the first and most dominant cryptocurrency, while other crypto assets are grouped into different categories according to their function, technology or market value. In general, Cryptocurrency is a common umbrella, which includes Bitcoin, Altcoin and Shitcoin. It is natural that Bitcoin is separated from other cryptos because Bitcoin is the king and the most recognized, BlackRock, MicroStrategy and countries like El Salvador buy Bitcoin, not Altcoin or Shitcoin.

An analogy to make it easier for you to understand, Bitcoin (digital gold), Altcoin (technology companies and there are also fake startups), Shitcoin (companies that only exist on paper, their offices don't exist). This is the reason why many long-term investors prefer Bitcoin over other coins.

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Today at 03:47:03 PM
 #22

well bitcoin is cryptocurrency and nothing further from this though it is unique in the sense that it is not like other crypto currency. I believe this is the major reason why some people would think of bitcoin as not being a crypto currency, by so doing they are trying to distinguished it from other crypto currency and how people view crypto currency. Bitcoin is nothing like other crypto currency so classifying as a crypto currency will make it appear as if it is same as these crypto currency that doesn't have value or worth

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Today at 04:02:42 PM
 #23

It has difference on terms also their are different perspective that actually have a point, I mean if you are going to see it on how it is, or maybe on technical stand point you might get different answer that might have some point but Bitcoin is a crypto is the right answer for sure, on the post if we are going to base on facts, he says that the scam part was only the crypto thing, he seperate Bitcoin on crypto which is wrong because by definition Cryptocurrency is like a virtual form of currency which is what is Bitcoin is, we could say that Bitcoin is the first cryptocurrency which is why it is different from the others.

Also the point his making was there are a lot of scammers or hackers on different cryptocurrency projects, but that is just how it is because different cryptocurrency or altcoins in the market have different structures they have different use, some don't even have a use, but they exist in the blockchain.

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Today at 04:36:17 PM
 #24

And it seems to me that bitcoin is also a crypto, it's just the most important coin. And as far as I see in public, there are bitcoin, altcoins and shitcoins - I apologize if I misunderstood something. Bitcoin is always called a cryptocurrency in the news.
Well if we think technically Bitcoin is actually a cryptocurrency. In fact Bitcoin is the first successful cryptocurrency so I call it the father of all cryptocurrencies. many people say bitcoin isn't a cryptocurrency it is because they don't want to mix bitcoin with other shit coin which also right, i think because of how they perform and their motive to create altcoins make it different from bitcoin.  I think Altcoin is the reason many bitcoin supporter dislike calling bitcoin a cryptocurrency.

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Today at 04:36:56 PM
 #25

The word cryptocurrency is a vague word which points majorly to shitcoins. This is the reason why you need to different Bitcoin from them by just saying Bitcoin instead of crypto. I believe this is the reason why people wouldn't agree with you that bitcoin is crypto because its unique features that made if entirely different from shitcoins. When you say cryptocurrency, I believe you're talking about shitcoins.

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Today at 05:16:20 PM
 #26

The topic above was that bitcoin is not crypto. But how is that?

https://bitcointalk.org/index.php?topic=5583041.0

And it seems to me that bitcoin is also a crypto, it's just the most important coin. And as far as I see in public, there are bitcoin, altcoins and shitcoins - I apologize if I misunderstood something. Bitcoin is always called a cryptocurrency in the news.
Bitcoin is a cryptocurrency too, it is the pioneer coin in cryptocurrency.
Other coins apart from Bitcoin are called altcoins which means alternative coin, they are also cryptocurrency just like bitcoin.

The main difference between bitcoin and other coins is that, bitcoin is decentralized, store value, have limited supply and it is of high demand which is the reason why its price will keep increasing with time, investing in bitcoin for long will give good profit.

Coins that are easily manipulated are referred tinas shitcoins because it is usually pump and dump, and they can easily lose value. They are also altcoins.

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Today at 06:28:20 PM
 #27

I have read many replies and I don't think there is one good reply that would have cured OP curiosity. The cryptocurrcency is word that comes from cryptography, most of the early altcoins used cryptography to work, it makes sense to say all coins are cryptocurrcency even though there other few coins that don't make use of cryptography. However, Bitcoin is unique in many ways that's why you can't compare it to other coins, it never had a single team and yet the most successfu.

Most developers grow up to understand Bitcoin as Bitcoin, there was nothing like cryptocurrcency when Bitcoin was even created, it's not even in the whitepaper, it was later when altcoins became known and popular that cryptocurrcency as a word become norm and now they used it for all coins in the market. It's good for the market, outsiders that don't know what they look like used it to identify but I'm not sure if Bitcoin make sense to be called as crypto or cryptocurrcency.

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Today at 06:59:47 PM
 #28

I have read many replies and I don't think there is one good reply that would have cured OP curiosity. The cryptocurrcency is word that comes from cryptography, most of the early altcoins used cryptography to work, it makes sense to say all coins are cryptocurrcency even though there other few coins that don't make use of cryptography. However, Bitcoin is unique in many ways that's why you can't compare it to other coins, it never had a single team and yet the most successful.
You made a point but you also admitted that it make sense to say all coins are cryptocurrency I don’t the see why you refrained from that statement and exempt bitcoin in your second paragraph.

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Most developers grow up to understand Bitcoin as Bitcoin, there was nothing like cryptocurrcency when Bitcoin was even created, it's not even in the whitepaper, it was later when altcoins became known and popular that cryptocurrcency as a word become norm and now they used it for all coins in the market. It's good for the market, outsiders that don't know what they look like used it to identify but I'm not sure if Bitcoin make sense to be called as crypto or cryptocurrcency.
Cryptocurrency is just a word that is used in digital world as digital form of money that exists only electronically, I am not sure if it wasn’t mentioned in the white papers but there is no a way and address can be generated without making use of cryptography, you can not remove bitcoin and say it is not a cryptocurrency because it uses cryptography tool like the ECDSA, SHA-256 and many other.

Bitcoin may behave differently from other alternatives coin but I believe every form of money that isn’t physical but works only electronically with those cryptography tool built in it design should be regarded as cryptocurrency and bitcoin isn’t an exemption
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Today at 08:59:51 PM
 #29

The thing I have noticed or my opinion when I hear the word crypto I think of everything
Except Bitcoin
But when a person says cryptocurrency
I consider all that makes use of cryptography like Bitcoin does.
Another would just choke that it's Bitcoin maximalist being Bitcoin maximalist
Which instead when many say crypto they talking about altcoins.
In short, you are among the few who find it hard to admit that crypto and cryptocurrencies are the same. Cryptocry includes Bitcoin according to your logic, while crypto is for altcoins, but crypto is still short term for cryptocurrency, maybe because the word crypto has mostly been used where bitcoins and altcoins are found which might explain why, but in reality I don't see difference between both words.

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