It seems that El Salvador is not fucking around with altcoins (aka shitcoins), and so yeah whether we are talking about a country level or we are talking about a personal level, we cannot be making assumptions that it is good to be holding shitcoins, DCAing into shitcoins, or buying more of them on the dip.
At least, two countries had made bitcoin a legal tender, viz: El Salvador and Central Africa Republic. Also an economic zone, Prospera in an island of Honduras, Roatán made bitcoin a legal tender. Bitcoin is decentralized unlike altcoins with centralized authority that make altcoins to be centralized. Altcoins do not worth to be a legal tender, only bitcoin does. Most of the altcoins have no utility than buy and hold and see if the price will increase, but they are extremely volatile. There are over 20000 altcoins that are existing and any may become like Terra Luna, altcoins are risky. It will not be a surprise if no country adopts any altcoin as a legal tender.
Cryptocurrency adoption is still a sketchy movement among countries presently El Salvador took the bull by the horn by making Bitcoin a legs tender in the country amidst global Bitcoin critics, and the central Africa republic also made similar Bitcoin adoption which has given room to other altcoins to want to compete with Bitcoin in terms of market penetration but even at that altcoins has no balance network to wits and the forces of the market making the garbage shit.
We.can see how El Salvador made more purchases of Bitcoin during the last week and that shows to a great extent how bullish the government is on Bitcoin.