| operations | | 0. | | 0. | comment |
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| 1. | | parent_author | "" |
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| parent_permlink | hive-167922 |
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| author | onwugbenuvictor |
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| permlink | more-than-half-a-trillion-was-wiped-out-from-the-us-stock-market-in-a-day-yet-crypto-is-too-risky |
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| title | "More than half a Trillion was wiped out from the US stock market in a day yet "Crypto is too Risky"" |
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| body | "# Crypto is a Scam and too Risky
I can not count how many times I have heard that crypto is a scam or that crypto is too risky and volatile to invest in, as an excuse not to invest in crypto but yet the same set of people invest in the united states stock market that is more volatile and risky to me, within the last 24 hours base on news reports over $645 billion-plus has been wiped off from the United States, stock market, which almost the total market capitalization of the entire crypto market, in fact, the money wiped off from the united state stock market between yesterday and today is about 80% of the current crypto market capitalization, the crypto market capitalization is worth $ 889.5 billion.
[Source](https://twitter.com/WatcherGuru/status/1599873703390883840?t=-XojYHAh6zk_G7NSaKGrcw&s=19)
So if about 80% of the total crypto market capitalization was gone in a day, **how is crypto still feared and believed to be too "Risky" and more "Volatile" than the United States market?** I would really love to know in the comment section below, so if you have any insight on it please share it with me and those that would read this post, you can still share your opinion on this it, I like to get enough information on the question asked, **thank you in advance.**
I have shared my opinion on what I think, now let me share some interesting opinions from the comments from other crypto investors and traders posted online, in their opinions crypto is not a scam or too risky than the US stock market, the scam is the government entities trying to manipulate crypto to line their pockets illegally but when that did not happen because crypto is decentralized they decided that crypto is a scam and too risky to invest in, to scare people away for crypto since they can not manipulate it and crypto threatens their power over the people.
Yes, FTX collapsed and filed for bankruptcy afterward, and $10 billion was lost, the $10 billion loss is approx 1.1% of the crypto market capitalization right now, but we can not compare the $10 billion to over $645 billion lost from the United States stock market in one day, the FTX $10 billion loss is 64.5x away from what the US stock market lost yesterday.
**PLEASE FOLLOW ME ON:
Discord: onwugbenuvictor#3447
Twitter: [@VictorOnwugbenu](https://twitter.com/VictorOnwugbenu?t=8jwkcOV-nNTr9snBF1Ubgg&s=09)**
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@onwugbenuvictor/more-than-half-a-trillion-was-wiped-out-from-the-us-stock-market-in-a-day-yet-crypto-is-too-risky)" |
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| 1. | | 0. | comment_options |
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| 1. | | author | onwugbenuvictor |
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| permlink | more-than-half-a-trillion-was-wiped-out-from-the-us-stock-market-in-a-day-yet-crypto-is-too-risky |
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