[crazygringo]

It's different because other securities have a fundamental present value of future cash flows. You expect corporations you buy stocks in will pay dividends and/or be purchased by another corporation that does.

If stocks get too expensive or too cheap from what people's estimation of that present value is, we know a correction will come at some point. It always does.

But with crypto, there's utterly on sense of "too expensive" or "too cheap" or "correction". It's just betting on betting.

Regular securities are fundamental value plus limited speculation. Crypto is purely speculation that is unbounded. Two totally different things.