Some very valid points.
I dont think the analogy with cryptocurrencies and the stock market are accurate. Two totally different animals. To get an accurate assessment I think it best to add in the total for gold, currencies and the stock market. Then you start to get an idea of the potential of cryptocurrencies.
It's about technology . More then Actual securities . People ICO crazy. It's like back in the day buying up companies with no Value .I have traded in pretty much all the markets securities currency futures and options. And I agree it's a different animal in itself But you got it at the end is just about the potential and the value that this technology offers
The technology is revolutionary and that is its major asset. We are only starting to get a glimpse at what all this can do. Another 5 years will reveal how powerful these platforms are and the apps that are built upon them. For that reason, since the tokens are the "fuel" for the networks, I think there is unlimited potential in the pricing. The only way that this is a bubble is if the technology behind it is all hype which I dont believe it is. This isnt the 3D tv mania.