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I didn't downvote you, but your comment is the kind that gets downvoted. You're pointing out something that's true and besides the point. MSFT stock can decrea
by lordnacho 6y ago
I didn't downvote you, but your comment is the kind that gets downvoted.
You're pointing out something that's true and besides the point. MSFT stock can decrease in value without any shares getting destroyed. The market value is in fact what people mean by "$X wiped off".
- didibus 6y agoOk, I might not have been familiar with the use of the term. I thought in the context of crypto, where coins can actually be "wiped off", in that they can be destroyed and removed from the available pool, it was a little confusing to me. But if this is a common usage to mean a sudden drop in price then I take it back.
- skinnymuch 6y agoGeneral crypto news and talk is pretty lowest common denominator. I agree because of pointing cryptocurrency to null essentially and literally wiping it out, the phrase isn’t the best. But it’s still a common enough phrase. FYI. I know virtually nothing about cryptocurrencies.