Quote from: Tonimez on Today at 04:02:12 AM

Quote from: JayJuanGee on Today at 03:13:46 AM

If you are really able to limit your exposure to shitcoins to 20% or less the size of your bitcoin investment (or the amount that you put into bitcoin) without cheating, the that is likely going to save you from losing too much, yet there are not too many folks who can limit their shitcoin exposure, and I frequently recommend no more than 10% exposure to shitcoins, yet if you can be strict with yourself in regards to the 20%, then it could be reasonable, even though it is a higher percentage than what I would recommend. I personally have less than 1% of the size of my bitcoin investment in shitcoins.

Exposure to shitcoins is addictive and very difficult to avoid even though it didn't take me long to conclude and limit myself from almost every shitcoins. 20% target is not supposed to be difficult for any investor who understands bitcoin investment. Bitcoin is the only and most reliable cryptocurrency and deserves more than 90% of your investments fund. The more you invest in shitcoins, the higher risk of getting stucked in it and the less funds you introduce to your bitcoin which would delay your accumulation target.

Maybe at early phase of our participation or investing on crypto since somehow there are lots of misleading information we could read online like we easily get rich if we invest on that particular shitcoins or they tell that this shitcoin will be the next Bitcoin. That situations bring false hope to newbies that's what I experience before I lost lots of money because of those shitcoins and other misleadings information they used to attract people to invest with it.

But hopefully those newbies could get out immediately on wrong decisions they have done and could able to think about that there's none of those shitcoins are really the best to invest aside from Bitcoin. I always feels like the more we invest on shitcoins the more we are close or one step closer to get broke especially if there's situation that a massive rug pull will came and we are not prepare on that situation.