Many of us will also get bothered by people thinking that they are investing into bitcoin, but they are investing into ETFs or they are holding their bitcoin on exchanges, and sure for all intents and purposes, we might be able to concede that even derivative products will still give price exposure, so third parties holding the BTC is ONLY going to negatively impact when there is some kind of bankruptcy or rug pull event.. and we saw quite a few of those in 2022 with FTX and some of the other culprits that ended up going under during that time, starting out with Tera luna that likely did not have as many bitcoin as they claimed to have had, but they were defending a supposed algorithmically stable coin that was supposedly backed by supposed real bitcoin.
My experience investing in shitcoins is a bad one, so I will rather stay with Bitcoin and not allow greed make me repeat the same mistake. I was unfortunate to be those who lost money from Tera Lun, an experience I consider one of my greatest nightmares of my life because I watched my money dropped to zero within few hours. Those who have not had such experience will never understand why some of us decided to pitch tent with Bitcoin and Bitcoin a lone. Even if I want to look at anything else, it will be with fear and doubts but my confidence and greater part of my resources will remain with Bitcoin.
I shear thesame experience with you too, at first shitcoins look so real to be true to me, infact I thought it will be the new Bitcoin hoping that one day I will be subsidiaries of Bitcoin but neyknww that shitcoins as it name implies will forever be shit.. after so many months of buying different of it and hoping one will pump so high, I desicoverd that instead of it to grow it kept decreasing till it all disappeard in my wallet i.e rug pull. I wanted to invest in Luna back then before it fell but I thought I escaped it not knowing that the one I was accumulating is even the worst nightmare. Sometimes when I remember the amount of Bitcoin I would have accumulated with those money I used for shitcoin back then, I keep regretting. But however I am glad I cam to realization that Bitcoin is the altimate, and non can be compeard to it in this ecosystem or space.