I take investing on shitcoins to be memes mimicking on bitcoin because shitcoins are full of manipulations right from the developers to the project teams. They are literally a luring projects that speculates in the crypto ecosystem just to acquire values but all to no avail to profer investors any form of reliability like bitcoin does.
Bitcoin has proven itself back to back and still holding the kingship in the crypto industry and as a matter of fact that the market is uncertainty, the risk of Investing in bitcoin is only at it unpredictability while the shitcoins is project entirely surrounded with risks that you don't even know if the coin is still going to exists talk more of yielding good values.
Bitcoin was built by its founder with the purest of intentions to change the world and to solve the problem of money/create a better form of money. Those other cryptocurrencies that were created AFTER Bitcoin took advantage of the community's interest on crypto and took their Bitcoin away from them.
Those people who HODL shitcoins will debate with you to protect the value of their coins without actually understanding the underlying.
I agree with you and everyone in the space of every other coins exempt bitcoin is prioritized on making profits While the intention of bitcoin as the eyeopener
with the essence of decentralization are being neglected by many users which those Investing in the shit coins forget to consider if the coin they are Investing on could serve utility value in real life neither can it be considered a store of value because as investment is concerned, the asset should be expected to outcome a store of values of we must consider long term goal but unfortunately, those investing in the shitcoins are purely gambling and thought they are holding long term potential assets like that of bitcoin.
With Bitcoin, Satoshi's approach was definitely a more technical approach. Although he wanted to build decentralized network to send and receive transactions, I believe the potential monetary "value" of such a system was the least important in his mind.
I certainly believe the his primary intention for bitcoin was the decentralization literally a unique form of custodian unlike the traditional currencies and it subject to store of values but then, users was optimistic underlining it most essence on profitablity given it a less values for everyday use for transactions such as payments for goods and services. But I think this is just the beginning because generations to come will find this financial technology more convenient to be in used than the fiats because as the world evolves, so also the need of flexible transactions with essence of security and Privacies becomes everyone's concern.
Bitcoin was never created to replace fiat in the first place and I don't see how bitcoin wil be more convinent to use in future to the point that it will take over from fiat because we are in a centralized world where everything is centralized. Government might be claiming to have love for bitcoin but we don't know what they are cooking behind the kitchen.
Bitcoin is best to be used as a long term investment because it has proven to be a store of value overtime and a hedge to inflation. Therefore, fiat should be spent everyday because it loses its purchasing power overtime. However, there are people who are still spending bitcoin for payment of goods and service, an example is this forum. I will prefer to spent fiat and holdi to my bitcoin for potential gains in future. Why will I spend a valuable currency like bitcoin that increases in value overtime.
Government owns fiat and they rule over you, they wouldn't accept a currency that they cannot control because they love printing more money which lead to inflation and they put that burden on the citizens by increasing interest rate. It has been so for a very long time and I believe that's their game.