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.
The fact is that most users think exactly as you do, so at the most the amount of investment falls on the leaders of the cryptocurrency market, because everyone is afraid to invest in new projects. Of course, if someone has real confidence in the prospects of a project, then such investments are also very preferable. But today its really hard to determine the relevance of the project in society.