This is one of the big mistake most Bitcoin investor do because they taught to to that Ethereum is a bit reliable, they actually don't know that Ethereum also have that characteristics of being shitty on the longer run, so now that their is a correction in the market, it's an opportunity we should be using to buy aggressively if we have the reserve funds in place to make it happen.
Finally, thinking that Ethereum is reliable is like choosing a shit coin that is less shitty, not knowing that these other coin are just full of shit.
In as much as ethereum is dependent, i don't think if it is reliable for one to diversify into this coin. Since they can't work on thier own without the help of (bitcoin) and I noticed that bitcoin have been fueling alot of coins in the market and of which ethereum is a perfect example of this coins. One of the reason why most people think that ethereum is reliable is due to the statement that ethereum is next to bitcoin, alot of Investors get mislead due to this saying, most guys see it as a huge opportunity to invest as much as they can since they missed out the opportunity to accumulate bitcoin during the early phase, alot of this guys was hoping that the potential return is going to be the same with that of bitcoin Since they're told that ethereum is next to bitcoin, this is why sometimes is good to conduct our own research to avoid making unnecessary mistake.
It surprises me how this discussion of diversification keeps coming back to this discussion after it has already been discussed extensively on several occasions. We know that bitcoin is the best asset to invest in and the rest are shitcoins, so why still contemplating investing in shitcoin when you have the best at your disposal?
I have observed that most people who do not want to give up the idea of investing in shitcoin are people filled with greed, they are constantly looking for how to make quick money since they have this erroneous mindset that bitcoin cannot give them the big profits they want. This thinking pattern even make some go in search of the next bitcoin, a coin that is just launched and hyped to pump x10000 only to end up as shitcoin that will drain people of their hard-earned money. We must be careful because diversification to shitcoin is like a trap that will lead to losses. Buy bitcoin and hold for several year ahead and you will enjoy peace and prosperity, it is as simple as that.
the conversation around shitcoins will keep on reoccurring because it's a project that is eye capturing as it's always been flaunted with high ROI within a short period of time and how competitive it can be with Bitcoin and all of those shenanigans they always talk about. Imagine the length of time we've discussed about the risk involving in investing shitcoins here but yet the discussion still pop up again one way or the other, then a imagine how extensive the discussion is in the outside World where some people don't properly vet some information about those shitcoins, they just swallow whatever information that is being given to them hook line and sinker. So for every time that the conversation around shitcoins comes up, we will keep on reminding and telling them the dangers involved, so at least they could know that the adverts and publication that is being made help push up some of this shitcoins for public consumption(investment), might actually be glittering but it's sure not Gold.