Topic: Saving for a House! - page 15. (Read 2354 times)
If you don't want big risks, a stable coin is good for saving your savings. until you need it and withdraw it again. but if you want to grow, I would recommend to save on Bitcoin. I think in the next 6 months, your savings will grow 5% -10%. but you also have to take risks for losses when the price of bitcoin falls from your purchase price. so your choice is the best. I just gave an explanation to choose.
There are many crypto banks that gives better interest rates than most of traditional banks.
Though the risk is a bit higher than any local banks, many of such crypto interest sites are insured.
Among the insured ones, NEXO provides a 8% interest rates on stablecoins without any catch. Celsius provide a slightly better rate but they don't provide interest on earned interest and their calculations are much complex. BlockFI also provides a similar interest on stablecoins that are compounded monthly.
Though the risk is a bit higher than any local banks, many of such crypto interest sites are insured.
Among the insured ones, NEXO provides a 8% interest rates on stablecoins without any catch. Celsius provide a slightly better rate but they don't provide interest on earned interest and their calculations are much complex. BlockFI also provides a similar interest on stablecoins that are compounded monthly.
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 were you i would rather invest half of the money in bitcoin and keep the rest on stable coin like tether, in few months more bitcoin will surely surge more and its more profits for you 
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?
Stable coins will not grow. You will not get more profit there. It's better to plant on top of CMC coins like bitcoin even though the risk is big enough, but you will get more money within 6 months.
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?
Stable coins will not grow. You will not get more profit there. It's better to plant on top of CMC coins like bitcoin even though the risk is big enough, but you will get more money within 6 months. 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?
For someone who knows only few things about how crypto works its better to safe the money using stable coins like TUSD or USDC and it depends when you wish to buy the house, if its still years after its better to invest the money on bitcoin 
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?
Did you remember when bitcoin down how can you get back your money, never faced big risk with bitcoin because you can lost your house if you put all in bitcoin investing, you have use other source income for investing in bitcoin because have big risk with bitcoin or you can use half your money for investing in bitcoin. Its a good idea though. But it would have been better if you divide the total funds in a ratio of say 8:2 so that you can save about 80% in stable coins while keeping de remaining 20% in a volatile coin, probably BTC so that your funds can appreciate small by the time you are withdrawing your funds
If you are willing to take some risk but if you are just questioning the stability of stable coin it's also hard to predict if whatever stable coins you'lluse will still remain with your given time span. Saving into crypto is a good option if you will enhance your knowledge towards this industry. Knowing
the coin to use for your saving is very important, and if you plan also to invest some of your funds buying bitcoin coming from portions of your money will be the best thing to do.
Its a good idea though. But it would have been better if you divide the total funds in a ratio of say 8:2 so that you can save about 80% in stable coins while keeping de remaining 20% in a volatile coin, probably BTC so that your funds can appreciate small by the time you are withdrawing your funds
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?
40k in dollar? or what currency because it might affect your investment decision, if that is in dollar then it is too huge to risk it on cryptocurrecy. But if you really want to make an investment then go for bitcoin less risk high chance to make a profit in the long run but your time frame might too short or too long.
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?
Don't put all your investment in new coins, go for the top coins in the market, 6 months is just enough to make a small profit because we have halving coming stable is also a good option but it cannot make you profit, compared to when you are investing in the top coins in the market.
Cryptocurrency markets are big but risky, you can lose your money because the market plummets or hackers attack. Never invest too much what you are willing to lose.
If you still decide to invest in this market, I think you should split your investments and buy USDT.
If you still decide to invest in this market, I think you should split your investments and buy USDT.
The question is, could you afford to lose that amount? There's no guarantee that you could gain something out of your funds in 6 months. Any crypto is unpredictable so it will be a big risk for you to invest your allocated funds for you house. If you're ready to take the risks then choose top coins like Btc and Eth.
I think stablecoin is the best choice. Because money is very important to you. If you want to put it on other than Stablecoin, then you have to understand the risks, it can only give you benefits in the next 6 months or vice versa. And if you already understand the consequences, then saving in BTC is the best choice in my opinion. Especially next year BTC will be halving. There will definitely be a significant movement.
Stable coins cannot make maximum profits, it is because the value of their token prices only follows the backed up currencies. But, if you want to invest in crypto by taking a big profits you can look at the Top 20 crypto currencies based on CMC or Coingecko. Do your research and analyze their development for your portfolio growth for the next 6 months. Goodluck!
We are saving for a house down payment of 40K.
It's a good step that you take positive thinking in the field of cryptocurrency. hold some time to pay a down payment on the house.Where people always deposit money in the bank within a period of 6 months and up to one year, that's a little confused for me, with interest limited by a certain percentage depending on nominal money.
If people know that there are certain coins that are stable and profitable every day, surely people will switch investments in crypto, with existing capital of 40k, for example coins Bitcoin, Ethereum, etc.
If you take steps to invest in crypto at this time I can say the right choice, no doubt 40k in a period of 6 months could be your money will be 80k. I hope it can become your real dream in 2020 going forward.
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?
Stable coins is good option if you are not after for a profit to your money but if you like to grow it while storing it in crypto currencies then top 5 in coinmarketcap is the best options for you. Though there is a risk but it's very low and there is a big chance that your money will gain a good amount of profit in the next six months. It will be wise if you should invest your money into 3 currencies like for example btc 35%,eth 35% and xrp 30%.
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 high risk placing a savings in cryptocurrency even for the stable cryptocurrency it's still high risk bro. Because crypto wallets is trackable and if you have a lot of money there you will become a target by the hackers.
If you really want to place your saving in cryptocurrency i recommend you to split your money into at least 5 or more wallets so it won't make your savings look so big. So it will be safer. And USDT is the current best stablecoin
You must calculate it carefully and correctly. Investing in crypto is not as easy as one might imagine. there are many risks that can occur. The crypto voting value is very high. but if you are sure and already know the risks, it may increase your profits. Do not let your money just wasted, choose a coin that you trust.
I think what you are thinking is very risky. Even if you will investing in a strong coin like bitcoin is not safe because all we know that here in crypto world the price of all coin is changing quickly. So if your capital will be fund for your house I think it is better to store your money at the bank. But if you really want to invest here in crypto you can do daily trading but make sure you have enough knowledge.
Jump to: