investing in altcoins for the bull run

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The daily bitcoin journey is a live show, every morning at 8am CST, focused on actionable and logical discussion for bitcoiners and future bitcoiners.

Today's episode talked about every bitcoiner's worst enemy - altcoins.

Although we do not recommend gambling with altcoins, the reality is that most people who are new to the space do dabble in other cryptos. So this episode was focused on how to limit the damage and exposure to altcoins if you must!

1. Seperate your bitcoin from the altcoins. Keep them in a totally seperate wallet.
2. Limit your exposure. Do not waste more than 5% gambling on the casino coins.
3. Know what you're holding! What's the utility? What network does it run on? What are the fees for moving it around? How can you store it properly?
4. Plan your exit. Know the details and know when to get out to avoid being stuck holding the bag.

We also talked about the importance of security and making sure that you keep your SATS in a very safe place. I recommend using the COLDCARD to store your bitcoin because of it's focus on security, air gapped technology, and the many unique features it offers.

If you would like to create a bitcoin strategy for yourself, your family, or your business, please contact me at [email protected]!