Are cryptocurrency and bitcoin the same thing?

[Sincerem]

Nice and well researched article about the different crypto coins. I was thinking at first, that Bitcoin is the Cryptocurrency itself. No other coin existed just Bitcoin. Till i started learning about it and saw difference, that Bitcoin is different and their is other altcoins, all known as Cryptocurrencies.

 

[Samuel77]

Yes cryptocurrency and bitcoin are the same thing just that cryptocurrency is the general name for all week on why bitcoin is just a coin under cryptocurrency

 

[Richard92]

Yes! cryptocurrency and Bitcoin are the same thing, bicton is a section or part of cryptocurrency while cryptocurrency is the general name for all electronic currencies.

 

[Ehizzy1]

Bitcon is under crypto currency and its part of it ,there are no any difference between bitcoin and crypto currency i haven't seen that before

 

[mubinadaddy]

Cryptocurrency is the digital name of all coin irrespective of the category they fall into. Bitcoin is one of the cryptocurrency like ethereum, litecoin, tron etc so I can termed it as same thing cause is only the name that differs.

 

[BrolySSJ]

You have probably heard about cryptocurrency and bitcoin talked about in the same breath. What is the difference? Cryptocurrency is the overarching term for the entire category of digital currency. Bitcoin is the first, and still the most popular, form of cryptocurrency. Like leading brands in other industries (think Coke or Kleenex), bitcoin has become a term that is sometimes incorrectly used to refer to all cryptocurrency.

In addition to bitcoin, there are thousands of other cryptocurrencies on the market today. As of late 2020, there are north of 5,000 different types of these cryptocurrencies, referred to as “altcoins”. These coins get their name because they are an ALTernative to bitCOIN. These types of coins come in several different forms. Mining-based coins are similar to bitcoin and stablecoin are backed by a tangible asset like fiat currency to create less volatility. Other types of crypto currency include security tokens and utility tokens that function more like traditional stocks.

Many people often confuse the definitions of Bitcoin and cryptocurrency because bitcoin is the face of cryptocurrency as a whole. This is only natural especially for people that are just entering the cryptocurrency space now.

 

[Akinwale701]

You have probably heard about cryptocurrency and bitcoin talked about in the same breath. What is the difference? Cryptocurrency is the overarching term for the entire category of digital currency. Bitcoin is the first, and still the most popular, form of cryptocurrency. Like leading brands in other industries (think Coke or Kleenex), bitcoin has become a term that is sometimes incorrectly used to refer to all cryptocurrency.

In addition to bitcoin, there are thousands of other cryptocurrencies on the market today. As of late 2020, there are north of 5,000 different types of these cryptocurrencies, referred to as “altcoins”. These coins get their name because they are an ALTernative to bitCOIN. These types of coins come in several different forms. Mining-based coins are similar to bitcoin and stablecoin are backed by a tangible asset like fiat currency to create less volatility. Other types of crypto currency include security tokens and utility tokens that function more like traditional stocks.

Cryptocurrency is a general term that is used to describe digital currencies, bitcoin is just one out of the tens of thousands of cryptocurrency that we have out there

 

[Nurudeen]

Crypto currency is like a market while Bitcoin is like a product in the market. Crypto currency and Bitcoin are not the same because crypto currency market gives Investors the opportunity to Invest in coin more than Bitcoin. So I think you get that?

 

[Muhammadawais]

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[Setho]

Crypto currencies is just the name given to all digital currencies. Bitcoin was the first and any other one that is being created after it is called an alt coin which is a short name for an alternative coin to bitcoin in the digital space.

 

[Zevin]

Crypto currencies are basically two types: one, bitcoin, two alt coin, where alt stands for alternative. Bitcoin is the original cryptocurrency, other currencies were launched because bitcoin proved to be successful.

 

[Abbeyola]

You have probably heard about cryptocurrency and bitcoin talked about in the same breath. What is the difference? Cryptocurrency is the overarching term for the entire category of digital currency. Bitcoin is the first, and still the most popular, form of cryptocurrency. Like leading brands in other industries (think Coke or Kleenex), bitcoin has become a term that is sometimes incorrectly used to refer to all cryptocurrency.

In addition to bitcoin, there are thousands of other cryptocurrencies on the market today. As of late 2020, there are north of 5,000 different types of these cryptocurrencies, referred to as “altcoins”. These coins get their name because they are an ALTernative to bitCOIN. These types of coins come in several different forms. Mining-based coins are similar to bitcoin and stablecoin are backed by a tangible asset like fiat currency to create less volatility. Other types of crypto currency include security tokens and utility tokens that function more like traditional stocks.

Seriously, bitcoin is a digital asset and currency, and digital currency is also known as crypto currency, so there are different crypto and bitcoin is one of them.

 

[Nomad]

Crypto currency is a common term used for all kind of digital currecy. They are called cryptp currencies because they uses crypto graphy. Bitcoins is also crypto currency.

 

[Kunkun]

Crypto currency is the name of the coins in general so Bitcoin is a form of crypto, there are also other types of coin out there other than Bitcoin that are equally as popular the likes of ethereum too is quite popular and also doge making a wave at the moment

 

[Bookwormlux]

Bitcoin is just one of the many crypto currencies that are currently in existence. It is the most popular among them all and appears to be the king, it also influences the price of others.

 

[Patrik]

same in terms of concept, not value or age or how the price changes, bitcoin is a cryptocurrency but not every cryptocurrency is bitcoin

 

[eLdavis]

Humans tend to generalize things by what they are used to. Lets say for example noodles, now in my country we have different brands of noodles like indomie, tommy tommy, chicki etc but one of the first to come into the country was indomie. Now indomie is so well known that when ever anyone wants to buy noodles, they simple say i want to buy indomie and when the seller gives them an indomie pack, they would be like no i dont want this product i want tommy tommy

 

[Richard92]

Bitcoin is part of cryptocurrency while cryptocurrency is the general name for all electronic coin which bitcoin is one of them.

 

[Setfragil]

People are accustomed to using the two words interchangeably to mean the same thing but they are not really the same. Bitcoin is a form of cryptocurrencies like we have different fiat currency of different countries while cryptocurrency is the general term used for digital currency.

 

[cowantussie]

Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.