Wow cant't believe not jut ether but cryptocurrencies, in general are not considers securities. One day they will be. Specially something like bitcoin that used to be under a dollar and went above $15,000 at one time. This all within 10 years , that's what certain stocks do. Very volatile. The question is, what is the real value of bitcoin? That question is more then just supply and demand, among other things. Although, i believe bitcoin and other altcoins will rise back in the next couple months, i'm still not investing large volumes of money. Definitely not a crypto experts. I prefer trading securities. Unless i get them free of course!