It is well known that you can only gain 200 points of reputation by upvotes. The rest is discarded, unless it is coming from accepting/accepted answers and bounties.
Suppose that over the next UTC day, a horde of 500 angry users downvote a particular answer, or the body of answers of a certain user, which for some reason doesn't get deleted. Will the user lose the potential 1000 points (and maybe set the record for the most downvoted post in the history of the network)? Or is there a 200 points cutoff after which the downvotes don't cause any more collateral damage to the reputation? If the latter case, will these downvotes still pain the voter by a single point? (I'm assuming the answer to the second question is positive, but I have no idea about the first.)