And maybe because there are some shitcoins that are tempting, but if you don't do a thorough analysis and don't do it well and don't follow it from the start it will be in vain and very risky.
Come on mate, there are no amounts of researches that can be convincing enough to get involved in shitcoins, they are just there for distractions, Bitcoin has proven to be the best in all ramifications and there is no way we can make any form of comparisons or make it looks like Bitcoin irrespective of the level of researches and analysis. Don't forget that supply has a major role to play in the market, Bitcoin has a limited supply of only 21million, Bitcoin stability and entrepreneurship are far better than any other coins or is it about it's network effects and security Bitcoin are far better than then all, but however as JJG will always say that don't do more than 10% involvement in to shit coins as compared to the size of your Bitcoin investment which is a very nice advice at that. There is no degree of researches and analysis that will make shitcoins involvement any less risky as when compared with Bitcoin.
Even though shitcoins only exist to divert attention, they have given people the opportunity to own Bitcoin by trading Bitcoin altcoin pairs or stable coins so they can buy Bitcoin. However, Bitcoin has proven to be the best compared to altcoins, so Bitcoin is still someone's main investment target.
They can use shitcoins only for smaller portions or for daily trading while they invest in Bitcoin by accumulating it using DCA. They can use the profits from trading altcoin pair Bitcoin or stablecoins to buy Bitcoin. That is one way to own Bitcoin, and it can also be used to carry out the DCA method.
But we have to remember that using shitcoins has a big risk because we don't know which shitcoins can provide profits, even though we can analyze them one by one. Not many shitcoins are able to survive for a long time while Bitcoin has proven to be able to survive for a long time.
I can't agree with you on this, shitcoins are risky to indulge in and I don't see how that is a good and reasonable opportunity to get profit from to invest in bitcoin, this is really gambling and as we know it gambling can be addictive and yeah someone might be delusional thinking that if he invest in shitcoins or trades it he would use the profit to invest in Bitcoin, he might also likely chose to continue in that path of getting quick profits and eventually wreak himself.
I don't know if you were trying to say that if we must indulge in shitcoins that it should be at most 5-10% of our portfolio and this was only suggested for those that can't bear to stay away from shitcoins and at times people can't control themselves and would also want to invest more and more until they may find themselves investing more to shitcoins than even Bitcoin.
I won't be advising anyone who is just starting out his investment journey to be induging in this kind of activities cause it could be a major distraction for him and also wreak him if not careful, a better advice would be stay away from shitcoins and focus on building a solid portfolio with bitcoin and if you hold for long term you could well get even more profits than you could have made from investing or trading shitcoins, although they is no accurate guarantee that it might work out, but least it has a better chance than any shitcoin.
My take on this Is buy when there is a drop in price, hold enough of it , whether Bitcoin or shitcoins, when it comes to crypto space we can't accurately predict the future, some years ago specifically the early days of BTC one will tell you that holding enough of Bitcoin was risky, but that can't be said of it today, as it has gained more values, the same goes to other shut coins buy when there Is a drop in price, hold as many as you can , and maybe later in future you don't know what will happen,
When Investing in shitcoins you just just invest like a life savings in shitcoins, because you can't predict the future of that shitcoins, but a life savings can be invested in BTC given that the future of Bitcoin is already bright, for newbies DCA strategy can maybe be suggested to them, holding coins for a long term really pays on a long run.
Bro your stuck with a wrong mentality and perspective here and you need to fix it, how would you find it as a safe idea to hold shitcoins that doesn't even have any possibilities of staying long and can fall even lower than the price you bought them, wait a little I think your confusing what investing is and gambling.
Although you are right that we can't predict future outcomes of anything, but we can sure make the right decisions based on facts.
Investing can be seen as putting your money in an asset that has a more likelihood of giving returns or doing well than others, its just beign smart, can you buy a car and keep it in your garage and expect to see it higher than you bought it ? No, and this is because it is a liability and can not produce any dividend or gain value over time.
Gambling on the other hand is just placing bets on the uncertain outcome of anything, you know its risky and has a very little chance of occurring or higher and then you choose to put some money in it with hopes of a good outcome.
Now you feel that investing in shitcoins and bitcoin are the same thign because we can't predict their future which is wrong cause you can't even compare shitcoins and bitcoin in any way and we don't make decisions based on such, bitcoin has a more likelihood of doing well than any shitcoin and for the past 14 years it has been doing well and yeah we can make decisions based on this fact, but shitcoins has a history of beign scam and crashing.
And moreover we are investing with money we won't miss and what ever outcome that comes out of it we won't be in a lose, but yeah we have more chance of getting profits than any other person that invests in shitcoins.
I won't be advising anyone who is just starting out his investment journey to be induging in this kind of activities cause it could be a major distraction for him and also wreak him if not careful,
That is part of the problem of the nutjob folks advising trading. They try to present trading as if it were either a sure thing or as if it were a great place to spend time, energies and resources, and even though I am not opposed to ideas of guys learning new skills; hopefully they do not get so lured into beliefs that trading (and/or getting involved in shitcoins) is a good way to spend their time, energies and values rather than approaching their bitcoin from a more realistic perspective that has way greater chances of building value with the passage of time and ongoingly investing time, energies and value into bitcoin.. and yeah none of it is guaranteed, so each of us has to figure out our own balances... and hopefully we don't end up being either too dumb and/or greedy in our own ways of reaching our personal balances.
People tend to want a faster way of making money and would love any scheme that would offer them such possibilities( which would be trading/gambling, or investing in shitcoins ), and they don't even realise that trading is even more risky in terms of giving you success than building up your bitcoin portfolio, and why I also disregard the idea of trading/gaming with shitcoins is that folks end up losing much capital to such practices and at the end of the day they would end up with regrets.