No matter how someone tries to sugar coat a talk about altcoins or trying to place them as a potential investable asset, it's bullshit cause they all fall under the same unpredictability and has a lot of risk associated with them and remains a shitcoins, everything that is not bitcoin should be kept off this thread cause we not into such discussions here and our main goal and focus in on how to better our bitcoin accumulation journey and hold bitcoin.
That's right! BUT SOMETIMES, especially if you've spend years watching/researching/learning about these different Ponzis and "narratives" in the cryptocurrency world, there will definitely be " opportunities" to make money in shitcoinery. Personally, during this cycle I would prefer to do my shitcoinery that's denominated in Bitcoin natively, and there's a new narrative being pushed after experiencing the potential of Ordinals. That narrative is Bitcoin Defi. It will potentially unlock more Bitcoin capital ithan what Ethereum currently has in its network right now.
This was the same analysis I did that landed me into Pumapay, the worst mistake made as an investor. Everything was perfect with that project and they even raised over $5 million in their ICO, but at the end the worthless garbage failed woefully. Many people have their terrible experienced from shitcoins, with many of them vowing over to invest in any digital currency ever again.
You might be right that some people might be lucky to quickly sell alongside the founders when they have the opportunity but this is purely gambling and can never be qualified as an investment. I still wonder what could be the essence of taking the risk of investing in shitcoins when there is Bitcoin. Bitcoin is just fine as it has all it takes to generate profits and give the investor the calmness and peace needed to hold for a long time.