Well, I like the blockchain technology... but I have some major problems with it.
Instead of being regulated and utilized so it's a useful technology it's just become a giant faux-economy.
Exchanges, news, prices, altcoins. It never seems to end. Every coin is just feeding into bitcoin for profit. It wouldn't be so bad if there were limited hours for trading but of course because of how the blockchain works it is a 24/7 economy.
Everyone is just trying to one-up the next person by manipulating numbers to their advantage. Sure, that's a lot like the stock market but at the end of the day cryptocurrencies never produce anything other than more coins. Companies produce products and services.
Most every coin uses underhanded trolling tactics like hype accounts, insider bribes, and worse. There's nothing redeemable about the vast majority of this space.
I know there will be mostly defenders of the stupidity but god-damn it is truly ridiculous.
Reading something worthy after time. I do got same intuitions at times while lurking around Altcoin section. The freedom to create one's own cryptocurrency at affordable rate is just inducing lots and lots of unprofessional to enter market and producing tokens with zero utility. You are completely right comparing it with Stock Market. Altcoin market is just an arena of transfer of entity claims and no real production towards economy.