We are saving for a house down payment of 40K. I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months. Is a stable coin the best option? Thoughts?
Oh boy, I hope you aren't caught up in this present market condition? I hope you've decided to use stable coin instead, if you did it's not a good time to buy Bitcoin with that 40k pretty sure it will double once Coronavirus issue got solved 
Topic: Saving for a House! (Read 2373 times)
We are saving for a house down payment of 40K. I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months. Is a stable coin the best option? Thoughts?
Your plan is good and can be done a few days ago when the conditions of the Bitcoin price decreased very sharply. The decline reaches 25% and when it is the best time to invest. Investing in a stable coin becomes an excellent option and I recommend 10 top coins of CMC, it could be a good choice. Better you do daily trades than you plant it for 6 months. I think it's a long time because the current price of Bitcoin is difficult in predictions.
It's a much better time to put your money into crypto when btc is at around 5k vs being around 8k like it was last couple of weeks.
However things can get much worst before it gets better. So I would average in if your time frame is short. It is a golden opportunity but may take a couple of years before we break out above 20k again. This dump confirms that a major support on the log chart was lost and may take longer to recover back to all time high.
If your getting a house this year forget about crypto and stock market.
If your getting a house in 2-5 years sure then put money into crypto it's the corona virus sale price on everything including stocks.
However things can get much worst before it gets better. So I would average in if your time frame is short. It is a golden opportunity but may take a couple of years before we break out above 20k again. This dump confirms that a major support on the log chart was lost and may take longer to recover back to all time high.
If your getting a house this year forget about crypto and stock market.
If your getting a house in 2-5 years sure then put money into crypto it's the corona virus sale price on everything including stocks.
If you are saving for a house or something like that for which you need it then don't even think about putting the money in the crypto even on stable coins. Your best best is to put it in a fixed deposit or bank and get the house you have always dreamt of. Don't take the risk on something that's so important.
If you are economy skilled then you know that speding your own money for a living is not the best economy strategy because you loose the potential of money. You spend it for something that will not generate you a profit. You should use your money for investments to generate profit and from this profit you can pay your liabilities liek living. (Short introduction to an economy thinking 
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Now it would be wiser to SAVE every cash you're having and not spending it on useless things and also don't buy cryptos right now. Personally I think that after this big wave of corona the big wave of economical decline will come so panic will be even higher.
Save for your house but don't make investments.
Save for your house but don't make investments.
Here you already have to decide what is best to do and how best to do, because investing in cryptocurrency is a huge risk and at any time you can lose all your money, so here you need to think about all the options many times so as not to make mistakes.
I also lost a lot of money in the cryptocurrency market. It seems to me that we should continue to hope for a better time, market growth will certainly be this year. 
it is not for sure, but should be expected for a market to grow before halving, especially because this turmoil that wiped-out almost 50% of market cap, but one has to be cautions, and investing of money that are planned for a house is a big risk, too big from my point of view
Here you already have to decide what is best to do and how best to do, because investing in cryptocurrency is a huge risk and at any time you can lose all your money, so here you need to think about all the options many times so as not to make mistakes.
I also lost a lot of money in the cryptocurrency market. It seems to me that we should continue to hope for a better time, market growth will certainly be this year.
Here you already have to decide what is best to do and how best to do, because investing in cryptocurrency is a huge risk and at any time you can lose all your money, so here you need to think about all the options many times so as not to make mistakes.
My thought on this would be no,reason being that no matter how profitable crypto is,it is also very risky ,also 6 months is also a limited time and anything could happen as such it is safer to keep your money in the bank since the time for use is also close. So it's best to keep it in the bank.
We are saving for a house down payment of 40K. I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months. Is a stable coin the best option? Thoughts?
if I have money then I will invest in Bitcoin. because I strongly believe that bitcoin is the future of money that is needed by many people throughout the country. bitcoin will have fantastic value in the future. and I believe it because I have seen the development of bitcoin from year to year until now. bitcoin is still being hunted and sought after by many people.
We are saving for a house down payment of 40K. I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months. Is a stable coin the best option? Thoughts?
Too risky imho. Diversify, use crypto: bitcoin, main altcoins, tether and some other stable coins which you like best. But I wouldn't store you whole savings in crypto - 30% maximum, if you are risky enough.
investing in crypto is profitable but you should be aware cause there is a high risk too, My opinion is invest a portion of your money on crypto and keep the rest amount on bank where you want.
We are saving for a house down payment of 40K. I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months. Is a stable coin the best option? Thoughts?
Stablecoin can't overcome more than 1 dollars. Your 40k USD coin will be 40k after any cryptocurrency situation before bullrun. Before bull market your 40k USD should invest into top coin like Bitcoin. After may Bitcoin halving effect will show pump, how did good last year Litecoin
save cryptocurrency and if PUMP occurs then sell, if you have the profit save that profit on FIAT and buy a house, you won't regret it later, hopefully it can happen
We are saving for a house down payment of 40K. I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months. Is a stable coin the best option? Thoughts?
Why do you keep money on stable coins? it will not make you profit the same as saving money in the bank to trade full of risk but a big profit will be obtained if you can analyze your profits in this crypto
There's a lot of risk investing your money on cryptocurrency and you need to know how to trad first before you put your money savings and you might lose it and it's going to be difficult to recover. And it will also depend on what coin you're going to buy, but if you really want to spend your money then just choose Bitcoin because I think it's very stable and the value of last 2017 really sky-rocketing and it might pump up by next yeara
I don't think there is a risk in cryptocurrency. And for me personally, investing in bitcoin is the right decision because we know that bitcoin is a good coin and has a great opportunity to be able to benefit. But if the OP only wants to invest into cryptocurrency in stable coins, I don't think it's a wrong decision but remember that investing or putting your money here is very risky and for me personally I would prefer to keep my money in a bank and use some of that money to generate profits in cryptocurrency.Storing them in crypto is a very good idea because the profit in crypto saving is very high in a sort time period especially in the current timing when the halving period is ahead. It is sure that in the coming halving the price of BTC will be very high that it can reach to a double price or more of the current value of bitcoin.
It is easy to advise when you do not risk anything)) And what you have given as (so-called) arguments is very unconvincing. If TS asks such a question, it is 95% likely that it is poorly oriented in cryptocurrencies. Therefore, for him, familiarity with crypto can be very sad. Because you are in a bitcoin forum, I will advise not to put into stable coin of course search for a crypto that you think the value of your money will grow in 6 months its not bear market anymore so we are in uptrend position at this time and most advises I can see is buy bitcoin its too risky since the money is reserve for something really important but the chance of getting a nice profit is big Im also more confident saving my money into crypto now instead on a bank.
Have you ever tried to use any altcoins because if I were to ask I am only using bitcoin because I think it is the best bitcoins at all times. I dont have the chance to try any other altcoins because I think the other coins are trashcoins. But soon I'm gonna try those coins for experience only. In my account I am saving a lot of bitcoins and I am just convert some of these whenever zi need. 
Because you are in a bitcoin forum, I will advise not to put into stable coin of course search for a crypto that you think the value of your money will grow in 6 months its not bear market anymore so we are in uptrend position at this time and most advises I can see is buy bitcoin its too risky since the money is reserve for something really important but the chance of getting a nice profit is big Im also more confident saving my money into crypto now instead on a bank.
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