I thiiiiink, lol, its a misleading name. There's no body giving the accreditation. But a brokerage would be breaking the law if they let you do it without accredited status, which is basically "be rich."

This is part of why I want stocks to become Cryptos and trade on Liquid. Everything can be automated and the rules can become unenforceable. Crypto degens can probably already do it, but I hate shitcoins and won't touch them until they make their transformation into corporate equities, which is obviously inevitable.

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Accredited status = be rich. So if you’re poor, you’re not accredited.

Yep

😄

I was wrong. You don't have to be accredited. So just read about straddles on investopedia and get a brokerage account.

Oh yeah I think I remember you saying you actively trade... Straddle is made for you. I'd say volatility is easier to bet on than market rationality.

I think what I’ve been doing is basically a straddle but without the options and the premiums (sorta). It started as a test because I was bored during covid, it’s still valid and running. Call it a “poor man’s straddle”.

It makes 2 big assumptions: btc is not going to zero and there be volatility.

Are you taking profits in USD or btc?

Haha, is that a trick question? Not fiat.

But if you’re the government you’d look at the transactions and do the accounting in fiat and tax me on the cap gains 🙂

Just making sure