Investment in crypto assets like bitcoin has increased lately. But often this form of investment makes investors hot and cold or panic because of the fluctuating exchange rates of crypto assets.
This state of panic occurs because investors use the wrong money to buy crypto assets. The point is that they don’t use ‘idle money’ to buy crypto assets like bitcoin and the like.
The key is idle money. Usually what makes it hot and cold is because what is used is not wasted money.
This unused money - often also referred to as cold money - is money that is actually allocated for other purposes in the near future. For example, to pay tuition fees. So, this is money that is planned to be used. But when suddenly used to buying crypto assets, the original financial plan was disrupted.
For example, the money will be used in three days, for example to pay for tuition, even if the market goes up and down. As a result, he had to withdraw his assets at a loss.
Meanwhile, if the money used to invest is idle money, investors should not panic when the exchange rate goes down, as the money will not be used for other purposes in the near future.
If we use idle money, it is guaranteed it will not be hot and cold. So when we go down, we can relax, if we go up, thank God ,.
An example of the use of idle money by the analogy of watching a movie in the cinema.
You can use as much money as possible to go to the cinema, to watch, then the movie does not live up to your expectations, you will not ask for the money back? Because it is idle money
This kind of education that reminds investors of all the potential and risks that can occur when investing.
Through the concept of Financial Balance, we want to encourage people to use “idle funds”, such as pocket money or recreation, not funds for daily needs. days or funds for basic financial purposes, such as an Emergency Fund or perhaps an Education Fund.
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BUSINESS & MONEY
