Not everyone that trades with shitcoins please. A lot of people are doing 100% and those are the people I consider smart who are not ready to expose their money to any form of risk. Apart from this correction, your statement is correct and I agree with you completely. One thing about shitcoins is that as soon as it dies, it remains dead because the investors or founders who happen to sell first would never come back and most of them would have converted their money to bitcoin or other stablecoins. Anyone actively buying shitcoins and calling it investment is definitely building on quick sand, just a matter of time before the entire portfolio collapse.
Our discussion in this thread have exposed most of the problems people face in their investment especially the new investors who are easily confused by the sweet mouth of those shitcoins. Through our discussion I have learnt never to yield to those hypes and concentrate more on buying and holding bitcoin alone.
Although this is not a thread to discuss shitcoins but has to discuss shitcoins to warn newbies to stay away from shitcoins. To understand the comparison of good and bad you should have equal knowledge of both. Similarly, to understand the value of Bitcoin, you need to know about Shitcoins. Because how can you know if bitcoin is good or bad when you only know bitcoin? When you know and understand both Bitcoin and Shitcoin equally, you will be able to compare Bitcoin and Shitcoin yourself and realize for yourself which is profitable and which is harmful.
Personally I advise both an experienced and a novice to stay away from Shitcoins. Few people can benefit from Shitcoin. I don't see much difference between trading with Shitcoin and gambling. Both depend on luck. Shitcoin is used by most people for trading, I cannot call anyone who thinks of Shitcoin as an investment wise no matter how much knowledge he acquires. Because investing in Shitcoins has a higher risk of loss than trading. You can blame the price recovery aspect of Shitcoin as the reason for this. I think it's best not to expect price recovery from Shitcoin. Many coins disappear from the market without ever recovering their value. If you invest in such a shitcoin, your entire money will go down the drain.
Its price recovery has made Bitcoin a trusted coin in the global market. Bitcoin can recover value very quickly and increase the value of coins multiple times during pumping. We know crypto markets can be volatile, and Bitcoin is no exception. The Bitcoin market is very volatile, but as the price recovers, the probability of losing Bitcoin is minimal if you hold it for the long term. Bitcoin is skyrocketing day by day due to high recovery and pumping capacity. Newbies should avoid shitcoins and get into bitcoin. Save yourself from the temptation of shitcoins.