I'm not sure because it don't work a lot in this bear market. And I don't like the idea that some people are buying much more shitcoins thancoins that has legit projects going on. Betting on shitcoins is good but only buy 1 or 2 of them and not like more than half of your port are all shitcoins because after they get pumped and you missed it then it is all over for those shitcoins.
Buying strictly and holding shitcoin could be a very dangerous game to play right, I understand this fully when but these shitcoins could also make a fortune when traded with if one is smart enough, though the game should be for the smart players. Most of these shitcoins are the ones that give more Return on Investment than the reliable ones based on the current market condition but it is highly advisable not to leave any out, I mean, you have to invest in coins with viable projects and still take advantage of the ones that are shitcoins to make money before dumping them, just that one has to dump them as quick as possible.
but there are really investors who would really tend to go beyond borders which trying out to put up money on new projects hoping that they can get in as early as possible and make huge profits later on when the project do gain support but these chances are getting slimmer day by day because most projects now are completely trash.
Sice you already talk about confidence , maybe those kind of investors that invest on new projects are confident enough with their decision . for me there is nothing wrong it . you only know whats good for you the most so better if you can follow your instincs than following the others .
Just remeber , dont put your eggs in one basket especialy to those new projects because they are more riskier than the top rank coins .
