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 think it is never right to hold an investment solely on the basis of a 1% doubling. A smart investor does not think of selling his holdings until the end of his term. Because your investment can double by 1%, saying that you will sell your investment is not a sign of an investor at all, but a business is listening like that.
Yes, if you want, when your investment doubles, you can withdraw some amount and enjoy the profit, but selling the entire holding will not be right at all. Always hold your investment for a long term, such as a period of 8 to 10 years. The possibility of profiting in long-term investments is much higher. So selling your holdings until your time limit is over is never a good idea.