I know of that strategy, thanks for sharing 👌🏻
Trouble is, not only do we save more than most people are able to but my wife and I have a household income roughly 2.5x the median in our country and we still have an incredibly hard time getting ahead in any way.
I guess since neither of us was born into wealth and neither of us is a one-in-a-million super-genius, we're just doomed to stay lower-middle-class tenants forever 😅
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Ebrybody here has countless contact points with merchants everyday.
When was the last time you asked someone if they would accept Bitcoin or Monero? When was the last time you used your credit card?
See. Being middle class is a choice and everything starts with courage.
That's also why Monero people are encouraging all CEX to delist it. They know that where we are going, we don't need CEX. It's pure fear that speaks through you when you think exchanging back to fiat natters.
Put a thousand fiat tokens into XMR, make itva daily habit to ask people if they accept it Luke a crazy person and enjoy becoming upper class. Not because someone like Wallstreet with the NGU fiat printer made it happen, but you yourself.
Please don't tell me you are a Bitxoin maxi. It's really the lower middle classes theme to make them be appreciated more by society without putting in any work of your own.
Tell me how it went in 10 years!
Finally got to it, just a heads-up.
Wheel Strategy on IBIT: Income Plus Bitcoin Hedge
1. Sell cash-secured puts on IBIT to earn premiums and set a buy price.
2. If assigned, buy IBIT shares and gain Bitcoin exposure.
3. Sell covered calls on those shares for more premiums.
4. If calls are exercised, sell shares and repeat selling puts.
Maintain IBIT shares ownership to stay exposed to Bitcoin’s price, thus protecting against fiat currency inflation.
This strategy generates steady income while maintaining Bitcoin upside.
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