I do get the optimism with Bitcoin ‘coz if it is potential alone, then it has not only the potential but has proven how high its market price could increase. But to rely fully on a single asset won’t be advisable. If you’re into investment for years, then for sure you’d choose to diversify your portfolio. One reason is to lessen the risk due to factors which may affect the market in a sudden; economic crisis, wars, viruses and such. But if you’re that prepared to lose or win no matter what, then such method could work. Problem only arise when an investor isn’t ready for negative outcomes and are just being too positive just because he invested into it.

I also agree diversifying is nevere a bad thing if we have enough funds for it.  I also suggest investing on other investments not on altcoins that we know is very risk and we may end up losing our capital if we ended up investing in scam projects.


Bitcoin is cyclical so we can add the reaquire and rinse and repeat part.  We should not waste the opportunity given by the ever-fluctuating price of Bitcoin due to its ever-changing bear-bull market pace.

what exactly are you trying to explain?
Opening up the idea that all crypto is a scam?

Ethereum is at the top of the rankings because it does have continuous development not without reason.
But also don't think other cryptos are scams.
See how the top altcoins in the top 100 are doing, I own several of them.

The idea that crypto is a scam is for those who don't fully understand crypto.
which ones are really scams and which ones have the potential to provide benefits.

You are misleading if you are suggesting that diversification into shitcoins is any kind of a good idea.

diversification for the mere sake of diversification is not a good idea if you don't know what the fuck you are doing.. including that bitcoin is likely a very unique asset, so if you are going to hold other assets that are also correlated to bitcoin's performance, then you are largely just adding more risk onto an already risky investment and you might not be getting any benefit from any of those investments into shitcoins, if that might be what you are suggesting.  

Generally the idea of diversifying would be to invest into categories of assets that are not necessarily correlated, even though a lot of assets end up being correlated to deceptive kinds of irresponsible fiat (and debt) practices, but nontheless, diversification into various traditional asset classes (that would not be keeping all of your eggs in bitcoin and perhaps dollars) would have categories of diversifying into equities, property, commodities, bonds and cash or cash equivalents... so there could be some value that comes from diversifying once you reach a certain threshold of value.. perhaps 20% to 100% of your annual income, and perhaps there would not even be a need to diversify before reaching some level of value that starts to feel like it is getting BIG relative to your situation.. and how to diversify once you reach that threshold value might well be another consideration, but shitcoins surely does not seem like it should play much of any kind of place in the investment portfolio unless it is quite limited (maybe less than 10% of the size of the bitcoin investment) and/or maybe ONLY to go down such a shitcoin path with any kind of size based on a kind of special knowledge that you have that goes beyond merely what a bunch of dumbass shitcoin pumpers (influencers) are telling, including the dumb and misleading ethereum talking points.. which is the mother asshole of shitcoins.. as Saifedean Ammous if famous for saying.


Yes.. ethereum is a scam that has been producing a lot of profits, so far... I am not going to argue about it or whether I am ignorant or not because I don't give that many shits if you want to invest in that smoke and mirror and ever changing nothing burger that merely is composed of a lot of gobbledy-gook convolution.  Good luck if you believe it is any kind of meaningful long term investment that helps you to understand the world - including understanding bitcoin better.. whether you own any bitcoin or not as compared with ethereum.. that's surely is your choice.

I get you, it's hard to find someone who is passionate about bitcoin but not for investment and profit these days. If you are truly visionary and pro-bitcoin to be what you say it is, then it is understandable that you hate POS or distrust any altcoin. Meanwhile, I just see it all as an investment to improve my finances, we are not on the same opinion.

No one is wrong and no one is right, we cannot impose our thoughts on others. I really respect you if you are here for the bitcoin revolution to bring freedom to the world. But by the way, as an investor, I'm really pessimistic about a world without banks and authorities.

There is a reason why people don't invest in shit coins, because disappointed will always happen.
Imagine the money you spent on that coin if it was bitcoin you would have been sharing a different story with us today.
Most times even myself, I'm sometimes tempted to invest in them, because by the time you see there publicity whenever they want to launch it, it's always massive with so much promises of potentially that will be attach to it.
 But then, ETH and litecoin has lived a little bit to the test of time, you can give them some credit, But then none can be compared to Bitcoin of course. But on the other hand, you that want to invest, you should have done your due diligence properly so you don't fall a victim, because your money is involved.

Ethereum started with 70% of coins premined and pre-assigned to various wallets.

Ethereum has a creator, Vitalik Buterin, meaning it's a security. Not a commodity.

Ethereums supply is infinite, meaning it's no scarce at all.

Ethereum moved to PoS where the most rich has higher authority. We already have this system though. We just call it central banks.

Ethereum is programmable and multiple NFTs and tokens were created and then abandonned, leading people to poverty.

I am not ignorant. I just hate it. But of course we live in "free" economies and everyone is allowed to buy anything they want.

Finally, perhaps the word scam isn't proper. But it is the mother of many scams. That's all.

I became emotional when reading this thread. Because the OP mentioned the PumaPay token, and sadly, I lost a lot on this shit token. At the beginning of my trading journey, I started with Bittrex, and somehow I invested in PumaPay.. But later, I realised they seemed to be scammers. I invested 1.5 bitcoins, and eventually I gave up by selling all the shit for 150 dollars after a long holding. So yes, it's quite dangerous to invest in any altcoin. We may lose our portfolio that way. The safest investment is Bitcoin for me now. I learned from my past mistakes. There are a lot of dead and delisted tokens on Coinmarketcap. Though they raised millions, they never delivered anything and didn't focus on investors. They ignore their responsibility and enjoy our funds.

I know you are a bitcoin maximalist and I believe you would also support bitcoin even if it is not an investment and does not bring you profit. So it's not too confusing that you consider all altcoins to be shitcoins and scams no matter what anyone says. That's the toughest stance I've seen from bitcoin maximalists on this forum. But as investors like us, we are looking for profits when we see any opportunity. Then calling all altcoins a scam is not entirely accurate because it still brings us profit.

I'm also not saying I believe in altcoins in the long run or believe it will change the world, what I'm trying to emphasize is the profits we can make from it.

As for a project that can change the world financial system, there is only bitcoin because Satoshi's purpose of creating bitcoin is to replace the current centralized financial system with a more fair and transparent decentralized system. Satoshi did not create bitcoin to be an investment like altcoin projects do, which is the difference with bitcoin.

What is certain is that we have to invest in something we like and that is our prerogative.

Well, when someone will believe in bitcoin technology is after they buy some BTC even though at this time serious institutional investment is not really happening yet but the more people buy the stronger bitcoin will be and quickly go away from the current situation.