From what understand, money doesn’t just disappear. When you’re at a poker table playing, the sum of money everyone started with is the same at the end(when someone loses $100, other(s) gain $100). If I sell you a crypto for $100 and it drops to $0, I would still have your $100. In this case, wouldn’t someone/some groups of people get all the money that is currently being lost?
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Instead of cryptocurrency, let’s imagine you invest in apples. You buy some apples for $100. The money already went to whomever sold the apples, but you can still say you have $100 worth of apples.
Now imagine you were waiting to find someone who’d buy your apples for $200, but that never happens, the apples rot, and now they’re worthless. $100 was lost in the apple market, but the transfer of money happened long before the loss.
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