The market is flooded with rug pull and sketchy. Investment on them click be highily risky and investors I have know who invested in the shitcoins always end up regretting it. Not because they lost the game but because they invested whole heartedly believing it was going to reliable like bitcoin but due to their greeds and they considers their trusts on hyping than than the realistic potentials.
If only Investors especially beginners would think twice on the diversify of their investment, after primarily invested on bitcoin any other coin should be treated a skeptic not worth investing much because the drain could downpour even at the sunset.
Not reliability of investing in the digital assets like bitcoin and if you are not contended with your holding, hodling gives you the opportunity to the peak you desires.
Shitcoin is shitcoin and Bitcoin is Bitcoin, the difference in both coins is their potentials so therefore any investor who had primarily invested in bitcoin then later on diversify part of his funds into investing in shitcoin hoping to have the same monetary growth and value as Bitcoin in shitcoin is not well orientated or probably gambling with his funds. It's obvious that no cryptocurrencies has performed more than Bitcoin for the past 15years and moreover Bitcoin have also been recognized as the overall best performing asset for the last 10years. So what's the points of investing in shitcoin when you're already an investor in Bitcoin if not for greed or lack of knowledge. it's obvious that investing in shitcoin is a total waste of time and resources as nothing substantial may come out of it, besides it wouldn't bring about a positive impact in his financial status in the future so it's better he stays focused on his Bitcoin investment that he is sure of can change his lives for the better rather than wasting his funds in shitcoins that holds no value.
You know you have emphasized much about about how long bitcoin has been leading the crypto markets with a numerical period of time and I am not comfortable with that, it feels like there had either been an existed crypto currencies before bitcoin or there is any of the coins that is even in the position to challenge bitcoin.
The reality is that there is no point of Investing or diversifying on the shitcoins because it is ideally that you are just playing around.
Infact gambling as Wind_FURY may say is even far better than investing in the shitcoins because you can not help it here but your luck and skills can actually help to acquire winning.
So apparently investing on the shitcoins is a waste of time for investors.