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?
In: 6
Person A mines a coin
Person A sells it to person B for $1. Person A made $1
The price goes up. Person B sells it to person C for $5. Person B made $4.
The price sky rockets. Person C sells it to Person D for $100. Person C makes $95.
The market crashes. Person D sells it to Person E for $0.01. Person D loses 99.99$.
Add up all the money gained and lost (including Person E who is down a cent for buying it), and it totals to 0. No value was created or lost. Just shifted around. This is one of the reasons many people dislike crypto. In order for one person to make it big, someone else needs to lose it big.
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