Earlier quoted context omitted.
Not so with assets. If you value your Bitcoin at $1000 today and tomorrow it is worth $800, you have lost money and no one gained it.
You can short on various exchanges, so as the market price drops, lots of people make a lot of money. Even without shorting, as market price moves downward, it is only a loss for those holding. Those who got out at $950, and bought back back in at $800 have increased their holdings - as price fluctuates in the future, they increase their leverage. Finally, you are focusing on fiat which is a tunnel-visioned approach.…
Reality is you just lost quite a bit of money, but it makes it sound positive. Not that you automatically make these mistakes, but it is trivial to do that when letting your other currency float.