It is only Bitcoin and nothing else

[Moreno233]

I still remember some of the project I invested in, and I can say the same that most of those project was turns into dust. They always promise something big like 'the next Bitcoin' or 'better than Ethereum' but none of them could deliver the promised product. This investment mostly happened on the ICO boom like 4 years ago, tho there might be some projects that actually booming, and the profit is quite satisfying, I still learned from those mistake, and now like more than 80% of my portfolio is on Bitcoin, and I barely invest in any new project.

Bitcoin never offers such a thing but altcoins do especially new projects. And you are the one for those fake believers and those who think always about money and rewards.

That is the reason why we should not just look upon their promises and big rewards but we must look is the use case of the project. Of course, being developers will attract investors in order to make a profit, and one of the most effective strategies is to promise them something attractive...Those greedy individuals and lack of market experience will usually fall into the wrong investment.

Use case?

That is the jargon they use in luring people into their scam. If you read the whitepaper of most of them, you might likely be deceive into thinking they are building something workable. They spend so much money hiring supposed experts and contracting celebrities most times to improve the marketing. At the end of getting the funding they needed, it is usually from one excuse to  another. I remember projects claiming to be building an ecosystem for global waste collection. They packaged this so well that people actually thought they were serious. As usual, they collected the money and rolled out series of excuses before people counted their losses and moved on.

Have you noticed that most of those shitcoins promoters that claim to have a product usually list their token in exchanges even before the product is ready? If they actually planned to build a real product, they would have waited until the product is ready and in use before they list their token.

In my opinion, investing in altcoins is speculation. If you have made profits, you should take profits and ignore them immediately. There are no projects with practical applications or any technologies that bring benefits to society. So far, only bitcoin can be used as a means of payment and store of value, the rest are just rubbish for speculation and gambling. If you want to invest in technology, it's best to learn about real growing technology companies out there, don't believe what crypto projects say.

There is no better way to put it than this. Being able to make profits from altcoins is a great achievement and most times, the profit can evaporate if wisdom is not applied.

[GbitG]

But not all are scams, anyone who says ETH is a scam is ignorant. If it is a scam and it can bring x100, x1000 profit then I still prefer to let it scam me.

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.

If someone has had a negative experience with Ethereum or if it doesn't align with their specific goals or may not fall under the required criteria, it doesn't necessarily mean they should categorically dismiss it. Just as you mentioned, Ethereum is a scam. Ethereum remains a crucial part of the cryptocurrency ecosystem and is widely used for various purposes, including investment, etc.
Categorizing Ethereum as a scam would indeed be inaccurate, given its substantial role and established reputation in the world of cryptocurrencies. It's important to assess each cryptocurrency individually, considering its unique features, use cases, and potential, rather than making blanket judgments.

Then calling all altcoins a scam is not entirely accurate because it still brings us profit.

I agree that not all Altcoins can be labeled as just "shitcoins" because there are Altcoins that meet the standard of profitability. So, it is common knowledge that not all Altcoins are "buckcoins" and not all "shitcoins" are Altcoins.

[apogio]

But not all are scams, anyone who says ETH is a scam is ignorant. If it is a scam and it can bring x100, x1000 profit then I still prefer to let it scam me.

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.

If someone has had a negative experience with Ethereum or if it doesn't align with their specific goals or may not fall under the required criteria, it doesn't necessarily mean they should categorically dismiss it. Just as you mentioned, Ethereum is a scam. Ethereum remains a crucial part of the cryptocurrency ecosystem and is widely used for various purposes, including investment, etc.
Categorizing Ethereum as a scam would indeed be inaccurate, given its substantial role and established reputation in the world of cryptocurrencies. It's important to assess each cryptocurrency individually, considering its unique features, use cases, and potential, rather than making blanket judgments.

Hi man. I like the way you approach this subject, but I agree with JayJuanGee. I have posted some very specific arguments here (https://bitcointalk.org/index.php?topic=5467201.msg62891410#msg62891410) in regards to why I believe Ethereum to be a scam. I 'd be glad to hear your thoughts, I may learn something. Just like everyone else's too.

[JayJuanGee]

But not all are scams, anyone who says ETH is a scam is ignorant. If it is a scam and it can bring x100, x1000 profit then I still prefer to let it scam me.

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.

If someone has had a negative experience with Ethereum or if it doesn't align with their specific goals or may not fall under the required criteria, it doesn't necessarily mean they should categorically dismiss it. Just as you mentioned, Ethereum is a scam. Ethereum remains a crucial part of the cryptocurrency ecosystem and is widely used for various purposes, including investment, etc.
Categorizing Ethereum as a scam would indeed be inaccurate, given its substantial role and established reputation in the world of cryptocurrencies. It's important to assess each cryptocurrency individually, considering its unique features, use cases, and potential, rather than making blanket judgments.

I think that it is a good idea to make blanket judgements in regards to that mother of all scams, ethereum that facilitates other coins to also scam through the various easy of the creation of more and more scams on top of the already existing scam.

And, sure I don't claim to know everything that is going on with that piece of crap, but it surely is also a kind of affinity scam too. .in terms of the various rhetoric to make it appear as if POS is actually contributing to the world and saving the planet as compared to bitcoin's use of energy for POW. .which is purely nonsense and promoted in a lot of circles.. so good to call a spade a spade, and in this case good to make sure to continue to reiterate the various ways that people should not be fucking around with ethereum, even if it might pump at various points..

...and that ethereum has various other scams built upon it, including BIG companies included in dumb efforts to build upon misleading kinds of systems that are being suggested to be adding value that is competitive and/or better than bitcoin, which truly those are lies even if rich people, institutions and/or governments might be getting involved in supporting such phony baloney.. but lots of institutions and governments are used to promoting phony balloney when they are propping up various fiat systems that ongoingly involve lying to people in regards to value creation that does not really exist in the ways that it is claimed to exist...

Then calling all altcoins a scam is not entirely accurate because it still brings us profit.

I agree that not all Altcoins can be labeled as just "shitcoins" because there are Altcoins that meet the standard of profitability. So, it is common knowledge that not all Altcoins are "buckcoins" and not all "shitcoins" are Altcoins.

You and everyone else would still be better off to presume any other project that includes a coin or a token (that is not bitcoin) as being a shitoin, a scam and/or something that is really not adding any value unless they can prove themselves otherwise rather than trying to give any of them any kind of benefit of the doubt in regards to their not being a shitcoin, as scam or something that is not adding any value....

Another waste of time, engergies and money  to be engaging in efforts to figure out which shit coin happens to be less shitty than the other shitcoin... a pretty dumb investment thesis to be attempting to figure out which coin is the less of the shitty coins, especially when we have bitcoin staring us in the face and a better way to go would be with a positive investment thesis in terms of investing in bitcoin and figuring out bitcoin and also putting at least 90% of your crypto value investment into bitcoin before even screwing around with other dumb shit things that have pump and dump coins that are likely not really worth wasting your time, money and/or energy with.

[Reatim]

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

a dram we all have mate, to turn back time and return when we first met Bitcoin and sell all our assets to buy bitcoin and so for now we are millionaire .

but that is what past is , for us to learn , yeah the price of bitcoin maybe High now yet ? it is never too late , we can still purchase and save for the future, it might not be for us but for our children and love one.

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

That last part is what we are all believing now , have tried buying and even holding some good coins but none that brings me what i have got in bitcoin for 2 Bull marketing now .

so yes ONLY BITCOIn .

[CryptoBuds]

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

a dram we all have mate, to turn back time and return when we first met Bitcoin and sell all our assets to buy bitcoin and so for now we are millionaire .

but that is what past is , for us to learn , yeah the price of bitcoin maybe High now yet ? it is never too late , we can still purchase and save for the future, it might not be for us but for our children and love one.

Why do many people like to talk about the past and always wish to return to the past while we still have a future? There is still enough time and opportunity for us to start everything again, and if we really regret the past and don't want that mistake to repeat in the future, then we should act now. Focus on bitcoin and stay away from altcoins.

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

That last part is what we are all believing now , have tried buying and even holding some good coins but none that brings me what i have got in bitcoin for 2 Bull marketing now .

so yes ONLY BITCOIn .

I don't hate people who invest in altcoins because it's their choice and they're investing with their own money, it all doesn't affect me so there's no reason to hate them. But I have also learned about altcoins, so I will focus mainly on bitcoin and believe it is the best long-term investment.

[Outhue]

I don't always care about the past, what is gone is gone, the only time I feel sad about my past is because it involved a lot life, I miss my father and I wish he is still here, but for anything financial, there is no point holding on to the past.

Also, those of you complaining about a coin that turned shit, would you do the same if the opposite happened? If LUNA never collapsed and it turn holders into big whales today will you all be out here complaining?

Why are we hearing about the dead coins? What about those that are still very good right even while bears are taking over the market? Any Polygon whale on here? It's was 0.004$ per Polygon years ago and holding till date still makes you a whale isn't it?

People tend to complain only when things are not going fine, we should learn to share the happy stuffs on here too, many alts are crap but not all of them will fail, you can't rely on a single coin and call it a crypto portfolio.

[kingvirtus09]

I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

Even though that's what happened to you, I see that you have learned a lesson from what you did in your past investing in Pumapay, and at least now you appreciate better that Bitcoin is a good investment compared to other cryptocurrencies. Although there are also other altcoins that can actually provide us with good savings in the future,

You know the truth: all of us here in the community of the platform want to have large holdings in Bitcoin. The only problem is that most of us don't have a lot of money to do it. But instead, the method we are trying to use now is the DCA so that, at least little by little, we can accumulate Bitcoin.

[Odohu]

Why do many people like to talk about the past and always wish to return to the past while we still have a future? There is still enough time and opportunity for us to start everything again, and if we really regret the past and don't want that mistake to repeat in the future, then we should act now. Focus on bitcoin and stay away from altcoins.

There is a saying that "those who forget their past always repeat the mistakes of the past". Talking about the past is not a sign of frustration in the process but a way of appreciating where we are coming from, the mistakes and lessons learnt and how to be better positioned for the future.

Besides, there are lots of new members who can learn from these stories and make better investment decisions by avoiding our mistakes. So, the post might actually have achieved the intended purpose

I don't hate people who invest in altcoins because it's their choice and they're investing with their own money, it all doesn't affect me so there's no reason to hate them. But I have also learned about altcoins, so I will focus mainly on bitcoin and believe it is the best long-term investment.

There is no hate whatsoever! Why will you hate someone for making decisions that affects only them. It is their money and how they use it is entirely up to them. The post is only intended to share ideas while the decision on future cause of action rest with individuals.

[n00ber]

I still remember some of the project I invested in, and I can say the same that most of those project was turns into dust. They always promise something big like 'the next Bitcoin' or 'better than Ethereum' but none of them could deliver the promised product. This investment mostly happened on the ICO boom like 4 years ago, tho there might be some projects that actually booming, and the profit is quite satisfying, I still learned from those mistake, and now like more than 80% of my portfolio is on Bitcoin, and I barely invest in any new project.

Bitcoin never offers such a thing but altcoins do especially new projects. And you are the one for those fake believers and those who think always about money and rewards.

That is the reason why we should not just look upon their promises and big rewards but we must look is the use case of the project. Of course, being developers will attract investors in order to make a profit, and one of the most effective strategies is to promise them something attractive...Those greedy individuals and lack of market experience will usually fall into the wrong investment.

Use case?

That is the jargon they use in luring people into their scam. If you read the whitepaper of most of them, you might likely be deceive into thinking they are building something workable. They spend so much money hiring supposed experts and contracting celebrities most times to improve the marketing. At the end of getting the funding they needed, it is usually from one excuse to  another. I remember projects claiming to be building an ecosystem for global waste collection. They packaged this so well that people actually thought they were serious. As usual, they collected the money and rolled out series of excuses before people counted their losses and moved on.

Have you noticed that most of those shitcoins promoters that claim to have a product usually list their token in exchanges even before the product is ready? If they actually planned to build a real product, they would have waited until the product is ready and in use before they list their token.

And that is also the difference between bitcoin and shitcoin. Bitcoin was never advertised by Satoshi as bringing profit, bringing wealth to anyone, he only said that it will bring us freedom and no longer be censored by anyone or not must depend on a third party. Meanwhile, I have not seen any altcoin claim that they are bringing technology to change the world, instead they always talk about profits. It can be said that they openly scam us, but most of them don't pay attention.

[DaMut]

Thats one thing about all this new tokens that keeps pumping up everytime and its mostly a repeat of previous project ideas that never succeeds. its crazy and its not going to stop. most of it is just paper based ideas that never gets really implemented. the question i ask is that if bitcoin adoption is a struggling battle do you think other altcoins will succeed? i think these altcoins are good to increase your portfolio especially if you join early, but a major hodl should be bitcoin.

[Blitzboy]

I don't always care about the past, what is gone is gone, the only time I feel sad about my past is because it involved a lot life, I miss my father and I wish he is still here, but for anything financial, there is no point holding on to the past.

Also, those of you complaining about a coin that turned shit, would you do the same if the opposite happened? If LUNA never collapsed and it turn holders into big whales today will you all be out here complaining?

Why are we hearing about the dead coins? What about those that are still very good right even while bears are taking over the market? Any Polygon whale on here? It's was 0.004$ per Polygon years ago and holding till date still makes you a whale isn't it?

People tend to complain only when things are not going fine, we should learn to share the happy stuffs on here too, many alts are crap but not all of them will fail, you can't rely on a single coin and call it a crypto portfolio.

The past is like a ghost - its there, but you cant touch it, and it doesnt help anyone to feel bad about money. Your words make me think of an old saying: "You can't plow a field by turning it over in your mind." Im very sorry to hear about what happened to your dad. When you lose something important to you, the past weighs on you.

On to the coin, huh? Isn't that how life is? We talk about the bad times and the coins that have lost value, but how often do we talk about the things that are going well? You are right on! If LUNA had gone through the roof, people would be humming a different tune. Polygon is a good example, right? From 0.004 dollars to turning holders into whales.

Lets really share more of what's good. The world already has enough bad news. In bitcoin, diversification is the name of the game. If you put these eggs in different bags, one bad egg wont ruin the rest. Cheers to looking ahead and finding crypto's next big thing!

[JayJuanGee]

In bitcoin, diversification is the name of the game. If you put these eggs in different bags, one bad egg wont ruin the rest. Cheers to looking ahead and finding crypto's next big thing!

Diversification is code for buy shitcoins, and there is no need to buy shitcoins.

size of your position is likely the name of the game.

If you are new to investing including bitcoin, you may well spend 1-10 years just building up your investment portfolio up to a sufficient size that it is warranting the consideration of diversification.. so maybe you don't really need any diversification until the size of your investment becomes 20% to 50% of your annual salary (expenses) or even higher than that.

There is not need to diversify for the mere sake of diversification.. especially if you are considering the buying of shitcoins as your version of "diversification."

Actual diversification would be across asset classes rather than within the same asset class, so someone who is invested into bitcoin might consider diversifying into equities, property, commodities (although bitcoin is already a commodity), bonds and cash (or cash equivalents)...

Yet, again, even if we know what diversification means, it still is not necessary to diversify when you are a relatively new investor until you get up to a certain investment size. Otherwise you are just diluting whatever it is that you are investing into meaninglessness... For example, if you are ONLY investing $10 to $100 per week, it is going to take a bit of time to get up to a meaningful amount, and if you are on the lower end of the range, then please tell me what the fuck purpose is there to dividing $10 into smaller parts?  merely to proclaim: "I am diversified?"

[SmartGold01]

or example, if you are ONLY investing $10 to $100 per week, it is going to take a bit of time to get up to a meaningful amount, and if you are on the lower end of the range, then please tell me what the fuck purpose is there to dividing $10 into smaller parts?  merely to proclaim: "I am diversified?"

Oh no!
This is a bit funny to see someone thinking of splitting 10$ into equal two parts because I can see how frustrating it's for someone to speak of diversification and yet still on a same circle of investment being digital assets. If actually someone really wants to diversify then I can say acquiring a landed properties is another pretty cool ways of investment instead circling around same investment and between, known to be altcoin that aren't trusted oh have a solid foundation to say we can fully rely on them for long run.

Naturally from my experience so far I won't think of diversifying my portfolio with garbages of shitcoin that I know if there are strong or any hard wave that comes within the bear season, those coin could hardly survive the pressure from the market which might still leads to dump and whenever a coin (tokens) is being dump it stir up a serious FUD between the holders to which would possibly leads to seriously panic for them offload those garbages that was loads as diversification of investment. The truth be told people don't like sticking into one investment especially wanting to utilize every single opportunities by trying to play smart game to take profits from other altcoin without knowing they are endangering themselves the more. Presently hold bitcoin is of the most important thing to do.

[SOKO-DEKE]

I was going through coinmarketcap today to see some of the cryptocurrencies I was involved in when I started, I was so surprised to see that a lot of them have even been delisted. I was heartbroken seeing that some tokens who raised millions of dollars, had huge community and were trending even in various platforms just died. I wanted to not mention any particular token but I have to mention PumaPay that raised about $8 million yet could not deliver anything and got investors holding a bag of shit.

If one can turn back the hand of time, and assuming I joined this forum early when I started my crypto journey, maybe the concept of shitcoins would have dawn on me and that would have made me convert those worthless bags to Bitcoin when I could.

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

I don't think any of your words are deniable; it is true that altcoins are not reliable, and that is why they are worth not holding for long periods of time. There may be a few projects out there claiming to be strong, but despite having been there for many years, I don't think I can trust any of them because I have seen similar projects that eventually became scam projects. The fact that those altcoins claim to be the strongest is that they still have not directed their own price but are following the direction of the Bitcoin price, and some times they even lost the direction by not following the pattern of the Bitcoin price, so I just see them as pump and dump coins.
 
I can say I have had much experience with these altcoins because I was introduced to Bitcoin before all these altcoins, so even when I started to know about them, I was not much interested in them, and with the help of the forum again, I lost interest in them at all. So even when I invested in one of these altcoins, it was for a very small amount.

[letteredhub]

I know there are other who would have similar experience too and there are still others caught up in the euphoria of getting rich through one token or the other. Well, if it is not Bitcoin, it is not worth holding.

Experience in  crypto investment adventure has taught some of us unlucky starters a lot that we had to lose the little funds we had before we got to know about the real deal BTC . Anyone still caught up in those shitcoins hodling is like someone who driving on 180 on a free wheel you're bound to crash at any time. If I had knew about bitcoin from the very first day I took out money to invest on a cryptocurrency and if it had been bitcoin I invested on only heaven knows how much I would have made as profit by now in the sense that the plan was to hodl it for long buy unfortunately it was on  a pump and dump  token . It's a lesson .

[TheSpiral]

For Alts market hype is Bitcoin price. See top Alts like Ethereum, there is not a single instance where we saw Ethereum going up despite the fact Bitcoin is down. To me there is no existence of crypto market without Bitcoin and that's why I think there is no point in diversifying your crypto portfolio. The diversification may work well in other trading markets like stock or forex but not here. I have this opinion after investing and losing heavily in alts. Just my few Satoshis. 

Diversification is necessary because sometimes people put money in new coins which offers a beneficial platform for them to get better revenue. We know that every other coin is totally dependent on bitcoin but we also know that how expensive bitcoin is.

Only few individuals are able and skilled to purchase bitcoin but most of the individuals living here are not moneyed enough to purchase bitcoin therefore when they hear about halving so they purchase multiple other coins as they know that halving absolutely will change the value of such coins in that direction in which bitcoin moves.

diversification in other field is also full of advantages like if a person is a part of business or job and at a same time continue his bitcoin investment then there will be a greater chance of successful diversification as if one market is down other will be up to offer you desirable outcomes.

[knowngunman]

For Alts market hype is Bitcoin price. See top Alts like Ethereum, there is not a single instance where we saw Ethereum going up despite the fact Bitcoin is down. To me there is no existence of crypto market without Bitcoin and that's why I think there is no point in diversifying your crypto portfolio. The diversification may work well in other trading markets like stock or forex but not here. I have this opinion after investing and losing heavily in alts. Just my few Satoshis. 

There's actually point in diversifying your portfolios. The existence of one thing lead to another and so it is in the crypto space. Having all your eggs in one basket is not ideal. I'm not actually saying that bitcoin is going to fail you and the alt coin saving you or vice versa. The alt coins have their time and they're not in competition with bitcoin at all. Alt coin are also not meant for long time holding like bitcoin but rather look for opportunity and milk from them when their time comes. But remember that whatever you do in crypto space is all about risk. It might work in your favor some time while some other time it may not work well for you. You just have to gamble, if you win you celebrate and if otherwise, you learn some lesson.

[laurenB7742]

For Alts market hype is Bitcoin price. See top Alts like Ethereum, there is not a single instance where we saw Ethereum going up despite the fact Bitcoin is down. To me there is no existence of crypto market without Bitcoin and that's why I think there is no point in diversifying your crypto portfolio. The diversification may work well in other trading markets like stock or forex but not here. I have this opinion after investing and losing heavily in alts. Just my few Satoshis. 

There's actually point in diversifying your portfolios. The existence of one thing lead to another and so it is in the crypto space. Having all your eggs in one basket is not ideal. I'm not actually saying that bitcoin is going to fail you and the alt coin saving you or vice versa. The alt coins have their time and they're not in competition with bitcoin at all. Alt coin are also not meant for long time holding like bitcoin but rather look for opportunity and milk from them when their time comes. But remember that whatever you do in crypto space is all about risk. It might work in your favor some time while some other time it may not work well for you. You just have to gamble, if you win you celebrate and if otherwise, you learn some lesson.

If you like risk and are looking for higher returns, diversifying into altcoins may be right for you. But if you seek safety, diversifying with altcoins is pointless because the entire market will cease to exist when bitcoin disappears.
But I agree with your thoughts, altcoins are not suitable for long-term holding, they are only suitable for speculation. We can gamble with them with a small amount of capital and should withdraw as soon as we make a profit, don't believe in any promises from those shitcoin projects.

[adultcrypto]

or example, if you are ONLY investing $10 to $100 per week, it is going to take a bit of time to get up to a meaningful amount, and if you are on the lower end of the range, then please tell me what the fuck purpose is there to dividing $10 into smaller parts?  merely to proclaim: "I am diversified?"

I never knew when I bursted into laughter seeing this your comment. @JJG really have this unique way of creating emphasis; Obviously, the point is clear now. $10 is truly the case of "he that is down need fear no fall". Actually, and if we want to be realistic with ourselves, anyone who cannot afford  $10 per week should get a job and put investment on hold. This is because if you are not sure of $10 per week, it means the person need help and there is the possibility that if such a person have investment in Bitcoin, the investment will not survive within a short time because it is someone that have eaten and is alive that will think about investment. Even when we emphasis the need for someone to start making investment now in preparation for the future, we should also encourage people to put effort at securing stable and reliable sources of income so that the investment will just be a case of saving for the rainy days.

Thankfully, we are in the era of internet where there are many ways of getting money. From content creation to freelancing, there are so much one can do to generate income even if it is not big. It is when the source of income is secured that investment will be possible and comfortable to embark on.

Naturally from my experience so far I won't think of diversifying my portfolio with garbages of shitcoin that I know if there are strong or any hard wave that comes within the bear season, those coin could hardly survive the pressure from the market which might still leads to dump and whenever a coin (tokens) is being dump it stir up a serious FUD between the holders to which would possibly leads to seriously panic for them offload those garbages that was loads as diversification of investment. The truth be told people don't like sticking into one investment especially wanting to utilize every single opportunities by trying to play smart game to take profits from other altcoin without knowing they are endangering themselves the more. Presently hold bitcoin is of the most important thing to do.

Does this mean you still have some shitcoins you are hoping they will rise again? It is truly a difficult situation to be in. If you are lucky to see any or some of them come back alive, you already know what to do because you never can tell if such opportunity will ever come again.