FANG Shareholders Lost Almost 20 Times More Than Bitcoin Investors Today

While all eyes were told to focus on the cryptocurrency chaos over here... the widely-owned 'no-brainers' FANG stocks suffered total losses that were almost 20 times larger than the 'losers' in Bitcoin...

At the end of the day - amid all the turmoil - Bitcoin ended the day down over $3 billion in market cap...

 

However, FANG stocks suffered their biggest market cap loss ever - losing almost $60 billion today...

Surely - as Joseph Stiglitz warned, investors should be banned from trading FANG stocks - if they can lose this much money in a day, the trading of these shares seems like something that should be heavily regulated.

Comments

Gap Admirer knukles Wed, 11/29/2017 - 17:01 Permalink

"...Than Bitcoin Investors Today."

OK, fake article full of lies just from the headline alone. We ALL know that Bitcoin is currency, not a Ponzi scheme, get-rich-quick, pump-and-dump, speculation vehicle. Nobody is "investing" in Bitcoin. They are buying it becasue it is money. That's all.

Crypto haters gonna hate. Flat-earthers. Peanutz. Not an argument.

In reply to by knukles

A1 T Wed, 11/29/2017 - 16:36 Permalink

Nice headline. The problem is that this gives us no idea of where things are going. Hats off to the predictions from Shepwave. Keep it up.

gatorengineer Wed, 11/29/2017 - 16:39 Permalink

Usually there is an attempt at correlating a market event to ""News"" have yet to see one for the FANGS today, or is the narrative the Russians did it?  Serious no sarc question

Grandad Grumps Wed, 11/29/2017 - 17:38 Permalink

Playing whose the dirtiest bubble? At the end of the day, there is something (not much) behind the FANG equities. With BITcoin, there is nothing except marketing money and a whole bunch of greedy founders and initial investors wanting to cash out.