Diversification within crypto hardly makes sense beyond maybe 90% bitcoin and up to 10% shitcoins, yet surely guys can do what they like, and even make dumb diversification decisions when it comes to bitcoin versus shitcoins.
Over the years, I have come across all kinds of scenarios in which guys are either ONLY allocated into shitcoins, or maybe they ONLY have 10% to 20% in bitcoin adn the rest of their value spread across various shitcoins.
in my own opinion those guys who only have 10% to 20% in bitcoin and the rest of their value spread across various shitcoins, they are investing wrongly in the crypto space. normally guys can do what they feel like to do in the crypto space, but come to think of it, how can investors with good knowledge and good understanding about cryptocurrency only chose to have 10% to 20% in bitcoin that is store of value and potential returns when buy and hold for long term, and then spread the rest of their value in shitcoins that are no store of value with potential returns. A good investor that is knowledgeable will hold 80% to 90% in bitcoin and 10% to 20% in shitcoins and not doing otherwise.
Sure. Many of us who have studied bitcoin can recognize the follies of various less than 50% allocations to bitcoin, and surely many of us would not invest any more than 10% or 20% into shitcoins, yet the mere fact that it seems that more people are learning about bitcoin and becoming wiser in regards to bitcoin as the Alpha, there are still a seemingly overwhelming quantity to folks who are new to "crypto" who either believe various shitcoin talking points or they come to conclude that there are likely ways to outperform bitcoin in terms of their being able to smartly identify various "better" projects. For sure the gamblers and the ill informed are still out there, and they are not necessarily dumb people, and there frequently are needs to learn from experience rather than being able to figure it out in advance.
Aren't those who invest in shitcoins afraid of losing money? They see Bitcoin going up day after day but shitcoins are going down and those who invest in shitcoins are spending their time crying. I think they are still in the dark who are related to shitcoin investments, because they never look at Michael Saylor, the chairman of Microstrategy Company, who is still reigning as the world's greatest bitcoin holder. Those who are investing heavily in bitcoin every week have been able to deposit a total of 592100 bitcoins.
All these things will make a blind person (in reality) think of coming out of the dark world to the light. But those who are investing in shitcoins don't seem to want to come out of the dark world, but Bitcoin is the only one where the possibility of making money is higher than losing money if you invest.
That's why I say buy more Bitcoin, earn Bitcoin regularly, and hold Bitcoin for the long term.