I agree it’s unclear the direction of future movement but what are you basing the statement that bitcoin is expensive on? Previous price? I am also concerned but if you think btc will drop considerably, most Alts are likely to drop further. A loss of confidence in crypto will be needed for a significant drop in bitcoin (such as Haejin is predicting) and that will destroy many Alts. If you think bitcoin will drop, stat in cash (fiat) not Alts.
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Yes, @grizgal, they do seem to be tied together. But I guess the smoke might clear one day and altcoins stand a bit more independent, based on the technology they offer? I'm not a big fan of coins as currency. I like the idea of the blockchain technology and its applications. But I can see a use for P2P payments, too, without the middle step.