The problem, beside Jacob Vlijm's case, which is a particular case, [actually exists](https://meta.stackexchange.com/questions/70158/what-if-i-hit-the-daily-rep-cap-and-then-get-downvoted) (thanks to muru for the link): if you lose reputation after having capped the limit due to other reasons (downvotes or bounties), *the reputation loss is not balanced by the amount of reputation gained over the limit*.

Here's a summary of my reputation variation two days ago (09/02).

"post" view:

[![screenshot1][1]][1]

 - Had some upvotes between 00:00 and 9:09, which gave me 10 reputation each;
 - Had a downvote at 9:09, which gave me -2 reputation;
 - Had some upvotes to the point of capping 200 with an upvote at 18.53, which only gave me 2 reputation ("balancing" the downvote at 9:09) (the timestamp reports 19.14 because as explained in the next point I've had two upvotes shortly after which gave me no reputation which were merged into a single entry; so the timestamp of the last one is reported);
 - Had 2 upvotes, which gave me no reputation;
 - Had a final downvote at 22:57, which gave me -2 reputation, making the daily total 198.

Doing some math, out of a total of 23 upvotes and 2 downvotes I gained a total of 198 reputation because the last vote was a downvote.

"time" view:

[![screenshot][2]][2]


  [1]: https://i.sstatic.net/mKEzx.png
  [2]: https://i.sstatic.net/cKfMq.png