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?
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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
