Just bought more BCH and LTC. I have plenty of BTC and other alts. First time my BTC stash is under 40% of my crypto holdings. I'm all about diversification...
At this stage there are more old school bitcoiners that sank their battleship in shit coins than there are old schoolers left. You have the goose that lays the golden egg and you are willingly giving it up. Not a smart idea. The internet is a winner takes all economy.
You can't see into the future so I don't know how you can claim it's not a smart idea. So far it has worked out and if I exchange my alts back to BTC I'd have more BTC.
Diversifying is not only smart. It is usually more profitable. Get with the program.
I have insurance, which is mostly Monero and ETH and less than 10% of my portfolio. This protects me in case of a wipe out event in Bitcoin (which would be recovered in any event by the dev team as the stakes are too high). But we both know that when the first Bitcoin ETF is announced early next year, Bitcoin will go vertical and your BTC/Alt pairs will collapse, including my Monero and ETH pairs. Dont confuse blowing your portfolio on shit coins with insurance. Insurance is an expense, not an investment.