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 is a really big pile of money, but if you want to invest I think you should invest in bitcoin, ethereum, ripple and etc. don't invest your money in one coin. 
Topic: Saving for a House! - page 3. (Read 2354 times)
This is a very risky choice to invest in more guaranteed sectors. But this risky choice can make you very rich. This risky choice can make you poor. I think divide your portfolio in half. Invest in different sectors.
This is a risky choice, but why put it on a stable project? better put in bitcoin which is likely you will get profit and can be the opposite. If you want to use the money in the future, you better save it on gold or other investments that have a low risk
No not at all I will never keep my money as good because for me Gold does not have ability bigger than bitcoin so invest your money in bitcoin and you will see how it makes money for you. Buying a house can be a dream for all people and people makes effort for it but according to me the best way is to invest in 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?
if you want to save your money in stable coin, my recommendation is dogecoin. dogecoin has stable coin, and good for saving in the future because when bitcoin increase high price dogecoin follow to rise. so i think safety to put your money in dogecoins or another choice but this is high risk or profitable. you can buy bitcoin with your money and save on it. the next bitcoin will halving so also increase high price
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
I think it would be more realistic to make a one-year plan. Making a one-year plan for Bitcoin or Ethereum now makes sense. Prices may go lower. Separate some capital for purchase from low prices. When the ascents arrive, sell at your targeted prices. However, do not invest all your assets in this market only.
This is a risky choice, but why put it on a stable project? better put in bitcoin which is likely you will get profit and can be the opposite. If you want to use the money in the future, you better save it on gold or other investments that have a low risk
True, it's risky unless you don't know if the price of tokens or of crypto will increase or not in the future. It's true that it will be better if we invest in a good and stable project which will give us a profit with 100%. Bitcoin is likely one of the best things that we can invest on it otherwise there's real estate which it's an amazing field to invest in it. 
The bank is actually the safest place to store your money there, but do you want to save it in crypto form? You need to know that crypto investment is very risky, besides it also does not guarantee that your money is safe, profit or loss. But if you intend to save in crypto form then the choice is stable coins, like USDT, USDC etc.
This is a risky choice, but why put it on a stable project? better put in bitcoin which is likely you will get profit and can be the opposite. If you want to use the money in the future, you better save it on gold or other investments that have a low risk
I won't risk my house too, but I what I will do is to save money for my house, I will do anything for me to become rich, and to have a new house, so I will take risk in crypto, but I won't sell any properties, I will just use my earnings from campaigns, to trade it for me to maximize and cash out some of my earnings to save it.
This is a risky choice, but why put it on a stable project? better put in bitcoin which is likely you will get profit and can be the opposite. If you want to use the money in the future, you better save it on gold or other investments that have a low risk
Crypto is very risky with a very volatile price. So in my opinion there is no stable crypto, everything goes up and down quickly. Even if there is, it usually doesn't take long, then the coin will flare up again by itself. So be careful about investing in crypto. Look for coins that can truly give you a profit in a period of 6 months as you expect.
As other people say not save all your money on same exchange, app, wallet or what ever is, but if you will build a new house make a calculation and after done put extra 50% of total sum to be sure you have enough to finish it.
It is important to calculate planning so that it can be structured, if we build a house, we must prepare everything, especially on funds. if the decision is unanimous, then we must do a calculation like this, at least to guard the expenditure of funds to be more organized
As other people say not save all your money on same exchange, app, wallet or what ever is, but if you will build a new house make a calculation and after done put extra 50% of total sum to be sure you have enough to finish it.
It is important to calculate planning so that it can be structured, if we build a house, we must prepare everything, especially on funds. if the decision is unanimous, then we must do a calculation like this, at least to guard the expenditure of funds to be more organized
As other people say not save all your money on same exchange, app, wallet or what ever is, but if you will build a new house make a calculation and after done put extra 50% of total sum to be sure you have enough to finish it.
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
I think it would be more realistic to make a one-year plan. Making a one-year plan for Bitcoin or Ethereum now makes sense. Prices may go lower. Separate some capital for purchase from low prices. When the ascents arrive, sell at your targeted prices. However, do not invest all your assets in this market only.
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
I think it would be more realistic to make a one-year plan. Making a one-year plan for Bitcoin or Ethereum now makes sense. Prices may go lower. Separate some capital for purchase from low prices. When the ascents arrive, sell at your targeted prices. However, do not invest all your assets in this market only.
Putting your saving into crypto might be the bad option now. I believe crypto will grow, but no one can tell you to buy which coins for your safe. This is crypto market and you money can turn to 1 mil dollar or just 1 dollar. I know that you have no knowledge about crypto and you can not even choose the safe coin, do not trust anyone on their suggestion, you might loss all.
I never suggest investing in the risky crypto market, especially for inexperienced investors. The involved risks are not suitable for everyone's risk tolerance, some investors prefer to take the low-risk trade deals but the reward becomes ridiculously low for the safest coins.
In general, stable coins may well be suitable for maintaining the value of your assets. It all depends on what you trust more stability of the banking system or the stability of cryptocurrencies.
Stable coins can be a bad decision if the project responsible for these coins is compromised in one way or another.
Therefore, think carefully about how long you really need a fix, because sometimes a bank is also a good solution.
Stable coins can be a bad decision if the project responsible for these coins is compromised in one way or another.
Therefore, think carefully about how long you really need a fix, because sometimes a bank is also a good solution.
sr. member
Activity: 602
Merit: 250
—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC
Putting your saving into crypto might be the bad option now. I believe crypto will grow, but no one can tell you to buy which coins for your safe. This is crypto market and you money can turn to 1 mil dollar or just 1 dollar. I know that you have no knowledge about crypto and you can not even choose the safe coin, do not trust anyone on their suggestion, you might loss all.
If you just want to save, you don't have to bother taking the risk to invest in a stable coin because it's not really safe for your money, because your address can be hacked. Better in the bank where you live or buy gold.
Crypto space is not as easy as you think, anything can happen without you knowing.
Crypto space is not as easy as you think, anything can happen without you knowing.
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 are priced at US Dollars and I think there is no point in investing in stable coins, it's better to keep them in the bank. I think it's too risky to use a down payment on a house to invest in crypto because crypto is high risk. No one can guarantee the price of crypto will rise after 6 months because it could be that the crypto we invest in prices will fall dramatically. It's better to use idle money to invest so that we are more calm and relaxed because crypto price movements are very high
Jump to: