Grumpy Old Man
Striker
To be fair that's not always the case. I think some are seeing it a bit like a betfair. They're a gambling company, they make money, but because you're betting against other players, you can in theory set the price, and they just take a relatively small commission, it's seen as one you could potentially do okay on, if you really knew what you were doing. Most will still lose money, but the odds there are almost always a fair bit better than you'll find at any bookie. If you see this as a fair platform where its about your ability to recognise a good player before others, then it's a bit shan if they suddenly, seemingly for no reason, slash the value of your "investments". Because that's the other thing it's seen as being like, the stock market. Again you know a lot of people do lose money, but it's not like a pure gambling site where everyone (over time) does. I'm not really up on the stock market but I've certainly never heard of all company stock prices randomly being slashed across the board
It's certainly not unknown for virtually all shares to fall simultaneously (that's exactly what a stock market crash is). This is more akin to the Stock Market closing for a day and unilaterally cutting every price on the market