A few weeks ago I wrote a post about how I always keep some bitcoin on hand. I was mocked on some forum, but I got a sense that most doing the most talking didn'tt understand the intrinsic value of BTC.
Here we are a few weeks later and Bitcoins overall market dominance is back over 40%, the fiat value of alts are on the rise but if you try and sell your alts for Bitcoin you will receive less then you would have a couple weeks back. This is why I hold a fair share of bitcoin, as it makes it's return to dominance alts will bleed and become much easier to accumulate.
I understand that most people avoid holding BTC because they feel that they can get a better ROI from cheaper alts. This is true but you are fully exposed to the wild swings of bitcoin and also risk being left in the dust when bitcoin goes full bull and alts start getting dumped. The opposite scenarioo can play out as well, BTC can take a dive dragging alts into the ground sats wise, but as long as you have some BTC available you can buy the coins that dumped and resell as they recover.
