Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...
There is also a lot of alts that is good for investment. At the moment bitcoin is good for a short investment. Why? Because the price is not stable, it decreasing at any moment then after that it increases.
I'm not sure if this is the true reason why BTC is holding its own trend. I'd argue that the prices of alts is even less stable than Bitcoin for the most part, so if that's the reason people are investing in Bitcoin, then they should also be putting their money into altcoins as well since there's chances of a higher profit margin there. I don't disagree that Bitcoin is good for a short investment, but I think there's countless alts that are also good for short investment.
The reason for Bitcoin holding its own personally has to do with the coverage its been getting and the positive following it's raised. Think about it -- Bitcoin dropped a pretty good amount. The naysayers expected it to fall to pretty much nothing. Instead, it held at around 6-7k for a while, then jumped to 8k and here we are. There's a positive message there, and it's that there's still support for Bitcoin -- even in large amounts to raise the price by a double digit % overnight.