If the coin goes down or to zero, you take 100% of the loss.
Show me something that went to zero, xpy might still be listed somewhere. Onecoin is also doing pretty well, the amount of free cash flowing in is just enormous.
A mining rig is an asset that has a value other than mining, which can be sold or repurposed towards any other coin
True
YOU choose
Hmm, not sure what this means. I can't choose where to invest?
I have a folder of more than 20 dead coins that I mined from back in the Scypt and X11 clone days. Some of those, like the country coins were pumped to hell and back and if you had invested directly in the coin, your investment today is worth zero or peanuts compared to what they traded for, if the blockchain even works at all. You can of course choose to invest in another coin by risking more capital, but that also means you are taking on even more risk. With a mining rig you already have changing to another coin is as simple as a change in the miner configuration, with little additional risk other than your power costs.