Today I happen to notice the Bitcoin price has gone up to 5400 level. Why there is no big activity in other alt coins. I feel 54% of market cap is Bitcoin. So does it mean alt coins have no value.
I feel there big inequality or all other all coins in no way par with bitcoins as it is market leader and it is distancing itself from others in Price.
I would not buy any altcoins now at all. As all altcoins are being converted into bitcoin and thus amount of free altcoins is growing. Its a hard game, Bitcoin might crash after the fork. Altcoins might follow and never recover, risky business, but things could just keep increasing to $10k bitcoin.
That could be one scenario, but there will for sure be alts that are going to experience growth as well.
I don't think it's a bad choice to buy, but there are a lot of things to consider.