[marketneutral]

check out the charts of SNAP (just this morning), AMZN, NFLX, TSLA, FB, GOOG,

do you have the same criticisms for the biggest equities in the US stock market?

[buzzdenver]

Those are equity, not currency. There is a reason why employees of those companies get paid in local currency, and not company stock.

[triceratops]

Their employees get both local currency and company stock.

[buzzdenver]

Majority being currency, unless the stock goes up a crazy crazy amount.

[spamizbad]

Apples and oranges. Stocks serve a radically different role than currency. But you are very right about one thing: cryptocurrency behaves a lot like a tech stock.

[grumple]

When's the last time a major index lost 50% of its value? - 2008 crash due to deregulation

Does it happen every two years? - obviously not

Are stocks intended to be currency? - no

Stocks also are attached to real property - ownership in a revenue / profit generating company and their assets. Crypto is only a vehicle for speculation.

A currency should not experience regular crashes or explosions of value. Assets are generally more volatile by their very nature.