It's shitcoinery, and like you, everyone should treat THAT as a form of "entertainment". That's the main purpose, but if you "win", then that's merely the side-dish. The main-course is merely the entertainment you get from participating.
Plebs should be careful though, and never use more than 1% of your total Bitcoin, and if you think 1% of your total Bitcoin is "too small", then don't gamble. HODL.
I want to agree with you on the fact that shitcoin investment should be treated as a form of entertainment/ fun because I have not been seeing guys wining from shitcoin investment lately, while the rate of shitcoin losers keep increasing just as it is in gambling. And Yes, i would rather stick to my bitcoin investment than to gamble with it, because the 1% of bitcoin we think is too small can double 3% to 4% or even more in the long run. Which is why I would rather hold the 1% of my bitcoin to double instead of gambling with it, as I don't know it's potential in the future.
I don't understand how someone would be investing shitcoins and it would be for entertainment reasons. No amount of funds should be misplaced or lost intentionally. Shitcoins investment is mostly an all loss venture as in gambling. Gambling with a percentage of bitcoin in shitcoins is yet another point I would not advise anyone to attempt. Bitcoin accumulation is a continuous act and it won't be right to loose the little you already have.