Sure if you are being pedantic you got me. I was just trying to make the point that there are very risky positions you can hold in traditional finance as well and you can be down thousands of percent.
> Crypto is performing far worse than even the riskiest decile of the stock market. Which should surprise nobody.
> This is not true. The riskiest stocks are down thousands of %.
I mean, sure looks like you were trying to argue that crypto isn't performing worse than the riskiest decile of the stock market, which just isn't true at all.
It is though. There are plenty of growth stocks down 80%. Many of which were being pushed heavily by the Youtube finance crowd. The same ones peddling FTX (cough)...
Just because you can find some individual stocks that are down 80% (and keeping in mind that 80% != thousands lol), doesn’t mean that the most volatile decile of the stock market hasn’t outperformed crypto.
The iShares Small Cap Growth ETF (which is a probably a decent proxy for the most volatile companies in the market) is only down 13% on the year.
