By Bitazza Team
Time to get that crypto investment plan going. We’ve got you covered with our Beginners’ Guide to managing your Digital Assets.
What money should I be using to invest?
To figure out how to budget your investment, let’s start by organizing your money into three different categories:
- Living Expense: Lay all your expenses out, from credit cards, mortgage, car payments, electricity bills, insurance premiums, and more, to spending on dining out, cafes and shopping.
- Emergency Funds: This money is reserved for unplanned expenses, which should not be spent unless you are faced with a financial emergency i.e. car repairs, medical bills, or a loss of income.
- Investment Funds: This will include any money or extra income you have left after fulfilling your obligations to the previous two categories.
Why can’t I invest using money from categories 1 & 2?
Always keep in mind the golden rule of investing: invest only with money you can afford to lose. Make sure that you have enough money to take care of your needs in the first two categories first. Investing in any market can be volatile, and a sudden downturn could mean you don’t have sufficient funds for emergencies or living expenses if you’re investing beyond your means. It is also important to note that digital assets often take time to develop, and different projects can grow at different rates. Some tokens are consistent gainers, while others can fluctuate wildly with frequent growth spikes within a shorter timeframe. Keep in mind that the Digital Asset market is still growing as a whole and that any investments made should not be under any time constraints or restrictions to maximize potential profits.
How much money should I invest in Digital Assets?
The answer is different for everyone, depending on what they can afford and their financial situation and requirements. As a beginner, we recommend you start investing with a minimum amount of 350 baht through Bitazza. If you sign up and KYC today, we’ll give you a 1-day guarantee* that you’ll be buying, selling, and trading by tomorrow. Not to mention, be spoiled for choice with 47 carefully curated coins, which all have THB trading pairs!
Due to the nature of Crypto’s volatility, we always advise users to conduct thorough research before making any investments. It is essential to have the proper knowledge, study insights, background information, and understand use cases for all Crypto investments.
*When you complete KYC during regular business hours
Materials on Bitazza Content Hub are intended to be used and must be used for informational purposes only. The views, information, or opinions expressed are solely those of the individuals involved and do not necessarily represent those of Bitazza and its employees.
The website and the information contained herein is not intended to be a source of advice or financial analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice.
You might also like
More from Tutorial
6 Tools to Help Traders Analyze Charts
📈Let’s get to know 6 tools to help traders analyze charts on Bitazza App . Starting with the horizontal menu tools on …
Unveiling Bitazza Levels on Freedom Passport!
Unveiling Bitazza levels on Freedom Passport. The more BTZ you accumulate, the greater your voting power! . BTZ holders, get ready to …
3 Tips to Get You Back on Track Towards Your Investment Goals
We are now three months into 2023. The same bear from 2022 is still around. News and financial institutions worldwide …