But, yeah, you are free to invest (or diversify) into inferior assets merely because you are having difficulties figuring out how bitcoin differentiates itself from them.
Wasn't it Warren Buffet who said that diversification for the sake of it likely demonstrates that the person has not done enough homework.
Good luck. You are likely going to need it.
I don't argue that bitcoin is a top asset and the portfolio should contain the overwhelming majority of it. as I understood Warren Buffet was talking about broadly diversified portfolio and he preferred portfolio with high-quality assets but not the only one kind.
for example, investor could allocate 90% of portfolio to bitcoin and the rest 10% for ETH, SOL, LTC. percentage of bitcoin could depend on appetite for risk. I agree that allocation to dozens or hundreds of tokens looks stupid, but 90% or more for bitcoin shows respect and confidence in this asset and adding 2-3 other top assets to portfolio won't hurt.
I agree that limiting the investment into shitcoins as compared with bitcoin to something like 10% is acceptable, yet I don't agree with your assertion that suggests that there is any thing helpful in fucking around with shitcoins.. since you are proclaiming that "it won't hurt" to have up to 10% in various shitcoins.
Of course, you can do whatever you want, but the idea of diversification for the sake of it, seems pretty retarded to me. especially if you might have some clues about what bitcoin is and unless you have some kind of specific reasons to hold any of those shitcoins..
Shitcoins will be totally no no for me since its like you are wasting you 10% for engaging on those so risky things out there. Maybe they directly put it on Bitcoin and have a peace of mind dealing with those things that can give them stress.
If they put it on ETH maybe I understand those diversification thing they said on that coin since somehow they can bet few bucks on it and see what's coming around with it in future.
For me its better to deal 100% directly on Bitcoin I can't afford to deal with other risky things and just want to go directly on the top coin in the market.
But also look at this article guys
MicroStrategy Files to Buy $5 Billion in Altcoins This decision is quiet intriguing since it seems that they are trying to engage on more riskier option. I just do hope that their decision to invest on altcoins will not cause their collapsed since investing in altcoins for long term is so risky.