This is a VERY sound investing strategy, and some of the same principles can be applied. Ensure that you are doing an adequate amount of research into the companies (ALT Coins) that you are investing in. Make sure they align with your morals, values, and of course profits.
Sound investing strategy?
No, there is nothing about morals, values, it's just hype!
Look at the market cap and see who's on the spot nr 6 and the best revenue for this year, does it have anything to do with all that revolutionary crap every shitcoin claims, anything about groundbreaking technology, values, morals, anything?
Altcoins are all about hype, waves, nem, eos, dash, iota, stellar and those are not the worse of the worse.
The rest is not about doing your research, is about gambling, managing to get cheap coins that pump and dump it while you can.
There are always companies (ALT Coins) that are looking to make a difference and solve a very real world problem.
Too bad none has solved anything! Not a single one! Can you give an example?
There are a few projects that I love (XMR, XRP, ETH), and I will go toe-to-toe with any one of you defending their real-world use
Really? XRP? Why not TSCO or NKE, they both have as much in common with BTC as XRP does.
But bottom line..
Alice invests 1000s in SHT, in order for Alice to make a profit and invest 1$ more in BTC than he had John has to come along and buy 1001$ of SHT..
At the end of the day, no matter how you spin it some guys will end up with useless shitcoins when they could have bought bitcoin, and usually the profits that get reinvested in BTC are dwarfed by the losses in alts.