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Where is that diversification discussion from Saylor? Yeah, you might not be a fan of Saylor, but so what? Saylor makes some good points about diversification.
I found this one, but there was another earlier one (perhaps in 2021? - AlcoHoDL had posted it in this very thread), in which Saylor spoke about the waste of time to diversify into shitcoins, even though Saylor has been more ambiguous in recent times.. .but the point still stands that most if not all value flows into the leader of the sector (which is bitcoin) and all others will either trend to zero or largely just be correlated with bitcoin with additional risk and without any real and/or meaningful upside.
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I do remember posting this, but I can't find the actual post, and the forum's search engine is pretty bad. Still, I can say for sure that my experience with shitcoins has been negative. I regret every single shitcoin purchase I've even made.
Quick calculation:
Several years ago I bought 50 LTC (for... diversification), back when LTC was selling for around $40. At that time, BTC was selling for around $3000.
Now, my 50 LTC = $6500
Had I bought BTC instead, I would now have an extra 0.67 BTC = $65,800.
I lost $59,300.