There are so many shitcoins that are built with no solid use case, and it is difficult to determine the shitcoins that will do well because they only depend on hype to grow in price
Is any shitcoin even built on any solid use case? I don’t really think so, most shitcoins are just based on hype, whenever there is hype, it pumps, and if the hype dies down, it’s dump, and after dump, some of them might not even rise again after dumping. So the best thing is to just invest in bitcoin and have peace of mind.
Just say no to getting involved in shitcoins, and if you cannot resist getting involved in shitcoins, trading and/or gambling, then at least limit the amount that you put into such endeavors to less than 10% of the size of your bitcoin holdings, and don't cheat by continuing to withdraw from your bitcoin holdings after you have taken the 10%, yet if you are ongoingly buying BTC and shitcoins it would still be acceptable to have up to a 10% allocation into shitcoins and/or trading, so that you would have 90% into bitcoin and 10% into shitcoins and/or trading (aka gambling).
This is basically the best advice to those newbies or investors feeling that diversification to other shitcoins simply because of the hype that backs up the project. Shitcoin investments are literally one of the most dangerous and risky was to gamble your money, but for those who may not be able to resist the temptation and hype and due to FOMO wishes to give it a try, it’s important to play safe while at it, so you don’t jeopardize and endanger your Portfolio,
so sticking to Bitcoin and limiting your involvement in these shitty projects is basically the best way to keep your Bitcoin portfolio safe from crashing.
Well anyone that decides to invest in shitcoin is surely gambling at his own rist and will definitely incure the raught of rug pull. I believe that "
keeping your bitcoin portfolio safe from crashing" you mean is by not selling our bitcoin to buy shitcoin and lose it down the road, yeah that's true there is no point of using our fund in bitcoin to gamble with shitcoin when we haven't accumulated the desired amount of our choice. and surely this reason has made many newbies lost some reasonable fund forever. I think most time bad things happen for a reason and that reason is to learn, most people need to learn things the hard way too. If newbies don't learn their lessons from losing their fund they wont take accumulation process seriously. I believe the reason most of us here have stick to HODLing is because we learnt our lessons the hard way. even if it will be given a try to gamble with our fund it will be %5-10 of the profit generated from bitcoin profit as said by JJG, and its not even the beginning but after you might have accumulated for a long period of 15 -20years depending on the duration you might have met your target.
Shitcoins mostly survive on hype, and if this hype is take away, you’ll see that there isn’t the tiniest bit of substance in them, just promises surrounded by hypes, and it’s pretty easy fr anyone to get caught up in this hype that surrounds this projects
That is the nature of every shitcoin. That is why it's often described as pump and dump, JJ call it "affinity scam" they are like green algae that grows on the lake, that makes you feel like it's a green field to walk on, not knowing it's a grass that grow on the top of the water which if you eventually step on it you get drawn. That is just the perfect explanation of it.