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A comment on More than $70B wiped off crypto market in 24 hours as BTC drops 8% below $20K. Parent comment

Re:More than $70B wiped off crypto market in 24 hours as BTC... by wyatt_dolores on Friday March 10, 2023 @08:46AM (#35094246)
Stocks do have a natural lower bound which is the actual value of the company.
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Re:More than $70B wiped off crypto market in 24 hours as BTC... by FollowingTheDao on Friday March 10, 2023 @10:35AM (#35095680)
Are you saying Bitcoin can go negative?
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Re:More than $70B wiped off crypto market in 24 hours as BTC... by chollida1 on Friday March 10, 2023 @10:55AM (#35095983)
it's possible if the carrying cost of BTC is positive.
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Re:More than $70B wiped off crypto market in 24 hours as BTC... by medvezhenok on Friday March 10, 2023 @12:09PM (#35097362)
The total stock of a company, yes. Your particular share - not necessarily. You could get diluted to pretty much nothing if the company chooses to issue more shares.

Shareholders can usually push back via voting, but depending on the way the company is setup they could still successfully dilute smaller shareholders.

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