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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Also, the analogy of a poker game is wrong.
I am not selling you something that has a set value that you can then sell for the same set value.
Think more like the stock market. I buy it at one price, and hopefully I can sell it later for a better price than I bought it. Say I buy it for 1 and sell it for 1.50. You then want to do the same, but the price goes back down to 1 (or less) because there is a news story that crypto is about to crash.
You can either lose money selling now, or hold on to them in the hope they’ll be valuable again later.
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