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.
All you’ve said is correct, but for me, I still don’t think it’s advisable to consider going into shitcoin investments, even after reaching your target in your Bitcoin accumulation as you pointed out twice. In my opinion, there’s never an appropriate time to invest in shitcoins, and definitely not with whatever profit you’re able to make with your Bitcoin accumulation. If you’ve reached your Bitcoin accumulation target or the “Fuck you” status and feel the need to diversify, I’m sure there are way more preferable options to consider than to go for shitcoins.
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 (trap end)
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Indeed, this is just the perfect vivid explanation of how shitcoin projects works and how hypes drives the market towards making people believe there’s an actual substance in the project, and when they delve in due to FOMO, they end up holding the bag after the project has been dumped by the devs, who happens to be the only ones that actually benefits from the project, well not just them, because the early investors and those social media influencers who promotes these projects often gets a share of the cake right before it’s dumped. And those who come in later are the unfortunate ones who end up holding the bag and sinking into the deep water.