I agree on the principle - hold, if your aim with bitcoin is for long term investment then thisnis the best option. But if you are a trader then you must check the prices from time to time so as to make bigger profit.
If you're a day trader, probably its best to deal with alts. Bitcoin has a curious habit of straying away from technical analysis and more often swaying with news in and out of the crypto market. That's why btc is in a way a safe investment if you're prepared to hold