Saving for a House! - page 16. | Bitcointalksearch.org

Getmon

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Quote from: Kinkyads on November 03, 2019, 02:04:41 PM

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 you want your $40,000 savings to grow, do not store it in a STABLEcoin. It does not grow in value. You may do so in other coins. I highly recommend that you do it with the top 10 coins, Bitcoin preferably. If altcoins, Ethereum, XRP, or Litecoin will do.

Here is a big warning. If your plan is to save them in crypto for 6 months, there is no guarantee that it will grow. There is even a risk that it will not, and worse fall in value. If that happens, you will be forced to extend that 6 months until you have made gains.

Kotone

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Quote from: Kinkyads on November 03, 2019, 02:04:41 PM

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?

But still bank is sure to be there and there are insurance about youre money. If you want to invest in crypto, pick a game changer coin cause stablecoin is like holding youre asset same with bank. There are no primary movement and just made for neutralizing the market prices. I think you can put that amount into major top coins listed on CMC especially btc, eth and xrp.

pakhitheboss

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Top Crypto Casino

Investing in any cryptocurrency is risky, keep that in mind. Investing all into a stable coin is not advisable. It would be better if you diversified your investment into different Cryptocurrency. You can read this article to understand in detail - https://cointikka.com/best-cryptocurrency-to-invest-in-2019/

judeafante

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Quote from: Kinkyads on November 03, 2019, 02:04:41 PM

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?

It's a huge amount and we are talking about a house here so I want to make it as safe as possible, putting it in Crypto could be a good idea because of the potential of the market in the coming 7 months, but I prefer to invest only half of it, because the market is always volatile, the top coins are always the best options like Bitcoin, Ethereum, Ripple, Bicoincash, just do not put all your eggs in one basket.

Nihyfehmih

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Quote from: Kinkyads on November 03, 2019, 02:04:41 PM

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?

The thought is good. But kn the other hand, I will advive that you run a 1 year plan instead of 6 months since you cant predict market conditions for now. And when the money increases at anytime over the space of the 1 year, tmyou can cash out. Its safer that way than the 6 month

olkah

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Quote from: Kinkyads on November 03, 2019, 02:23:42 PM

Thats a spam exchange

No

Kinkyads

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Thats a spam exchange

Kinkyads

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Activity: 10

Merit: 0

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?

Topic: Saving for a House! - page 16. (Read 2373 times)