/biz/ - Business & Finance

Lost all this month's profits from CCIV tanking, (sold 20% last night)

Feeling uncomfy but not selling this low, will hold CCIV till around 40 (average buy was $18)

Why does not one here invest in crypto like they do in 401k's or Roth IRA's? It seems like by incrementally buying small amounts regardless of market price would even out price wise over the course of couple years, and then all you would have to do is watch fairly closely for a clearly unsustainable level to sell?

Even if you had bought in at the $20k peak, and then kept incrementally investing through the $3000 low, you would still have a reasonable net gain if you sold today at $7k.

Why is everyone here obsessed with day trading in a system that is entirely controlled by people with 100,000x as many assets as you, that can drive the entire market on a whim?