Topic: Saving for a House! - page 4. (Read 2354 times)
What I am planning now is invest in a pre-selling condominium unit that is located near a commercial area and what I plan to pay for the monthly premium is the coins that I earn from signature campaigns. Its a long-term plan because for the downpayment alone for the condominium unit that I plan to buy is payable in 24 months and its around $180 per month. Maybe after 2 years the price of this condominium unit already increased and sell it even when the unit is not yet turned over to me.
You must have other way to survive, its one reason why i am so down now, i never planned myself well, i thought i would be able to live on from airdrops and bounties but i was wrong, go for good altcoins but invest only what you can afford to lose
I cannot blame people that were doing bounties during 2016 and 2017 that thought that they could become bounty hunters for life and make money in that way forever, but markets change, markets evolve and you have to evolve with them or you are going to be left behind, and it is very unlikely that we are going back to those days in which you could make so much money with so little effort so I recommend to you that you find another activity that earns you as much money as bounties did in those days.but same as you said where market isnt the same all the time.It can shift up and down which would cause opposite situations and that time i do
realize that it isnt possible to rely on it alone.Going back on OP's question about saving up your money on crypto? Its a bad idea, even if you do hate
banks then its much more better if you do just put it there specially if you cant afford to lose those amounts.
You must have other way to survive, its one reason why i am so down now, i never planned myself well, i thought i would be able to live on from airdrops and bounties but i was wrong, go for good altcoins but invest only what you can afford to lose
I cannot blame people that were doing bounties during 2016 and 2017 that thought that they could become bounty hunters for life and make money in that way forever, but markets change, markets evolve and you have to evolve with them or you are going to be left behind, and it is very unlikely that we are going back to those days in which you could make so much money with so little effort so I recommend to you that you find another activity that earns you as much money as bounties did in those days. 
This is a very unique idea, I never thought like this ever! Yes, you can keep your money in USDT or USDC! But why are you not trying on Bitcoin? As you know Bitcoin halving is coming in May and after that, there was a huge chance for Bitcoin to grow! Even your money can be double! Personally, I would recommend you, save your money in Bitcoin and hold 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?
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.
A man wants to keep his savings, not lose. Such advice is all exactly what to go on the edge of a knife. You can not invest money that you are not ready to lose, especially when it's all your savings.
Keep yourself in control, and if you do not want to be in a very difficult situation, it is better to put money in a bank or transfer it to stable coins.
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?
Saving money in the form of crypto which is supposed to be for a down payment on a house is very dangerous. Even though there is an opportunity for profit, the risk is huge because we could lose and not buy a house with that money. It's better to use idle money to invest in the cryptocurrency market so that we are more calm and enjoy it
maybe if you take it in the future I think maybe you should choose crypto coins like bitcoin, because the price increase will definitely be seen. but if you want to choose a stable coin maybe you can choose USDT with the consequence of not getting a profit
Why do you suggest to choose the USDT, there is no profit to hold the fiat or the stable coin. Instead of investing in the small altcoins, I advise going for the old and prevent altcoin projects due to the low risks. BTC investors should feel safe in all pumps, but the risk/reward is not great considering the higher uptrend for years.
maybe if you take it in the future I think maybe you should choose crypto coins like bitcoin, because the price increase will definitely be seen. but if you want to choose a stable coin maybe you can choose USDT with the consequence of not getting a profit
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?
Investing it into crypto is a good choice but investing all of the 40k that are you talking about is kind of riksy because we all know that cryptocurrency is very volatile in which we cannot predict what would be the market for the next few hours or days, so if the money that you are saving is for your dream house then just keep it or invest a little for cryptocurrency so that you may earn as well, but don't invest all of your money because there is a chance that the crypto may down and the money that you are saving for your dream house may loss. I suggest to invest only a little so that it would not be so hard if you lose. 
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 could be a good option but I would still go for volatile coins but will be limited only on top-ranked coins such as Bitcoin to lessen the risk. I chose volatile coins because in just a matter of time there's a chance for a certain coin to pump by that, I can get a profit by just storing it. However, there's a risk of shrinking its value as well, perhaps this is a matter of risk I'd say. Anyway, storing it on crypto might be a good idea. 
There is a lot of volatility in the cryptocurrency market, the price can go up and in six months you will increase your investments, but you should also not forget that the price can drop sharply. If you are willing to take a chance, then you need to seriously approach the issue of choosing an investment object, think about which coin to invest.
Well, such levels that we see now probably will not become even lower many times. the maximum that can happen with coins - they can fall 2 times from these levels, but I’m sure that the chances of their growth are much higher than the chances of falling 
There is a lot of volatility in the cryptocurrency market, the price can go up and in six months you will increase your investments, but you should also not forget that the price can drop sharply. If you are willing to take a chance, then you need to seriously approach the issue of choosing an investment object, think about which coin to invest.
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?
Saving money in the form of crypto which is supposed to be for a down payment on a house is very dangerous. Even though there is an opportunity for profit, the risk is huge because we could lose and not buy a house with that money. It's better to use idle money to invest in the cryptocurrency market so that we are more calm and enjoy it
I can't say you're gambler, in six month that very funny I ever read. Best advice for you is meet some financial expert to get wise opinion and I believe you'll get something right for your money. You start with wrong step, crypto is not become the main but alternative. There's risk you should handle and maybe get bankrupt. Think twice before too late, saving a house for crypto is really nightmare.
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?
To be understood for those who want to invest funds for important needs into crypto must be clear-minded and not wrong in analyzing. wherever the name of the investment is a risky job, it is not recommended to fund important needs to be used. if you really want to keep investing you don't need to hesitate to be placed in bitcoin because it can be guaranteed to last. it does not need to panic or be rushed in analyzing, when it's time to sell or buy again later.
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?
You are serious? cryptocurrency is more risky, I think, especially if you use the money that you will use for important purposes. Remember the never invest money strategy that you can't afford to lose. If you have analyzed can get 50% profit then your chances of experiencing losses are also comparable, my question: what if you lose and the money is reduced by half?But if you have prepared mentally to face this risk then never mind. If I choose another path, or use a small portion of the money, not all of it.
If you plan to hold the money for minimum 1 to 2 years only then you should keep these funds in crypto like btc or eth because there is high probability that these cryptocurrencies will grow nicely in value yielding nice profits to you while if you want to hold only for few months or you do not want to see any volatility in your amount then you should hold any stablecoin only i recommend usdc.
stable coins or fiat savings at the bank makes no difference. if only the concentration was under 5 years, the inflation rate and so on would actually be more profitable in the bank because interest would accumulate effectively. Savings in btc or eth are also too risky, especially if the trend is the same as this year, then the value will be much reduced and will damage the original plan.
If you plan to hold the money for minimum 1 to 2 years only then you should keep these funds in crypto like btc or eth because there is high probability that these cryptocurrencies will grow nicely in value yielding nice profits to you while if you want to hold only for few months or you do not want to see any volatility in your amount then you should hold any stablecoin only i recommend usdc.
I think it's good to save for a long time because coin stable will easily go up if the price of bitcoin is stable and maybe for the next 6 months it has entered the alt party period I recommend the top 5 altcoin top if you want to invest
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.
I agree. Investing it into crypto will be a great choice and a good idea at the same time but since we are talking about a really big amount of money to be use to purchase a house, it will be safer to just put in just half of your money in hand into crypto and another half into bank so that you can have a two way investment into two different ways. It is indeed that investing into crypto is really that promising to foresee buying a house using the money you can earn from investing into a crypto coin. The challenging part is that you must be able to sort out the best crypto to be chosen based on your preference that will suit into you. Better take into consideration for the mean time the top cryptos in the marker if you still cannot sort out what is the best crypto for you. It will just take sometime because every coin do have their own volatility rate but pretty sure everything is worth it and beneficial making you to be able to buy a house worth 40k.
If I will be in his situation, I would also invest only 20% and save the 80%, I won't take risk it all, I would rather work for it and hold some of my income for long term rather than investing the money I have that I am aiming to build my house. Anyway, it depends how much he knows trading, if he's an expert and this is his desire then I won't judge and will support him.
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