Saving for a House! - page 5. | Bitcointalksearch.org

Kersh768

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Quote from: judeafante on November 09, 2019, 09:21:55 PM

Quote from: Kinkyads on November 03, 2019, 03:04:41 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.

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.

Kevondo

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Quote from: infarterr on November 29, 2019, 08:03:11 AM

Quote from: Stanlo on November 29, 2019, 02:16:04 AM

If you only care about keeping your 40k then buy stable digital currencies but if you want to make profit out of the 40k then split it into two, use half on bitcoin and use the remaining half of stable coins

What you are describing is an option for those who have more capital and often invest, but here the question is how to save for the house? meaning that there are two functions that can occur, the first savings are fixed and will not increase, and the second is deposits that are not fixed and can increase when the value of the asset price rises, these two things are certainly equally good, only the first choice there is no equal risk once, while the second option is very risky to lose.

Investing is better than saving. With investment, the price keeps on increasing with time but this is not true for savings. I would suggest spending some money in bitcoin because this asset has already return millions to the holders. It wont be different with him too. The most beautiful feature is that the price increases within no time. Not only this, the major fear, risk, is also not involved in this strategy.

infarterr

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Quote from: Stanlo on November 29, 2019, 02:16:04 AM

If you only care about keeping your 40k then buy stable digital currencies but if you want to make profit out of the 40k then split it into two, use half on bitcoin and use the remaining half of stable coins

What you are describing is an option for those who have more capital and often invest, but here the question is how to save for the house? meaning that there are two functions that can occur, the first savings are fixed and will not increase, and the second is deposits that are not fixed and can increase when the value of the asset price rises, these two things are certainly equally good, only the first choice there is no equal risk once, while the second option is very risky to lose.

TheICE007

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Nice thought,but my candid advise would be not to invest all in crypto, if you could invest some in offline business then that would be great, also considering the present situation of the bearish market, do some research and invest in some top coins in CMC that is down now, could be a fruitful investment.

Davian144

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Quote from: aakay on November 29, 2019, 02:10:42 AM

I think you also need to consider other options like the market risks which is not really that stable. Cause i think it will affect your investment though

True, all jobs do have risks, so there must be clear consideration, especially if someone invests in the crypto market, the risk is automatically very large, because when you experience losses will return to zero.

bonyaserg

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Yes, it is absolutely true to save and invest your accumulated funds in real estate. This is a very great investment. This is if you need a home. But if you have a place to stay, you need to invest in better deals. These are like cryptocurrency. Cryptocurrency can generate income in a very short time, and if you invest in real estate, the income will not be right away, but after a very long time it will not be as big as in cryptocurrency.

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Quote from: DonFacundo on November 29, 2019, 12:21:26 AM

There is no guarantee that you can make profit if you invest in crypto in just 6 months, you could lose anyway if the market will dump again. How about 20% of your money invest in crypto, I guess you can afford to lose with this amount. Think again if you ready to take risk.

Depend on the thinking of each person because this market still has a lot of good opportunities for investors and if you have made a large profit, you should save 2% of the profits earned. I always have to save money when I enter this market to cover the worst case scenario and if I am lucky enough to be able to buy a house from the savings, that was the happiest thing in my life.

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Quote from: Kinkyads on November 03, 2019, 03:04:41 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?

Check this kind of explanation. If you are holding a coin for only six month what if the price of the coin you are holding are down before you sell? So you are lose, But if you only wanted was keeping only on cryptocurrency not to get a profit its better to hold stable coin. that is very simple strategy and we cannot predict the future of our coin. If we estimate that the price was grow up but what if its not?

Xxmodded

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Quote from: Edraket31 on November 29, 2019, 02:05:22 AM

Quote from: fauzan Ichsan on November 29, 2019, 12:26:10 AM

Quote from: Exidous on November 29, 2019, 12:05:09 AM

Quote from: dataispower on November 21, 2019, 05:20:52 PM

Quote from: Kinkyads on November 03, 2019, 03:04:41 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?

Since you are saving for a house, to be on the safe side, leave the money in USDT or any other stable coin if you don't plan to make profit by saving in crypto. If you wish to make profit, put some in BTC before the halving next year. Please note that this is just my opinion, as the market is unpredictable.

Agree. Hold USDT or Fiat will help you ensure your profits when participating in this market. I think saving money to buy a house is really a difficult task because you have to earn regular profits in investment and always be patient. In fact, there are many people who have been living better lives since join crypto but this will not last long because of volatility that will make our minds panic.

I think all of this is how we manage our finances. when prices are bullish, we must be smart to diversify profits. buying a house is easy if the market is supportive like 2017, but for the time being I think it's hard, if we don't have good trading skills. by having those skills, I think we can still make money, even though the market is bearish

Everyone of us are aiming to save for us to be able to buy a house, if that can make happen to my life then I would be happy enough, that's main goal next year to have a new house not for me but for my kids, and to have debt free, that's why I am also taking risk from doing crypto as I know that this will eventually change our life and that I can be able to help other people too. So just take risk which we can afford to lose and do our part to check out if they deserve and worth to invest at.

When saving for house and buy bitcoin you can get bigger your house later after get profit with bitcoin and altcoin investing when price up, but after saving your house and invest with bitcoin but price down you can lost your dreaming and excatly lost your house, before investing with bitcoin and altcoin think which one best time for investing and selling bitcoin to get much profit.

Stanlo

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If you only care about keeping your 40k then buy stable digital currencies but if you want to make profit out of the 40k then split it into two, use half on bitcoin and use the remaining half of stable coins

aakay

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I think you also need to consider other options like the market risks which is not really that stable. Cause i think it will affect your investment though

Edraket31

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Quote from: fauzan Ichsan on November 29, 2019, 12:26:10 AM

Quote from: Exidous on November 29, 2019, 12:05:09 AM

Quote from: dataispower on November 21, 2019, 05:20:52 PM

Quote from: Kinkyads on November 03, 2019, 03:04:41 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?

Since you are saving for a house, to be on the safe side, leave the money in USDT or any other stable coin if you don't plan to make profit by saving in crypto. If you wish to make profit, put some in BTC before the halving next year. Please note that this is just my opinion, as the market is unpredictable.

Agree. Hold USDT or Fiat will help you ensure your profits when participating in this market. I think saving money to buy a house is really a difficult task because you have to earn regular profits in investment and always be patient. In fact, there are many people who have been living better lives since join crypto but this will not last long because of volatility that will make our minds panic.

I think all of this is how we manage our finances. when prices are bullish, we must be smart to diversify profits. buying a house is easy if the market is supportive like 2017, but for the time being I think it's hard, if we don't have good trading skills. by having those skills, I think we can still make money, even though the market is bearish

Everyone of us are aiming to save for us to be able to buy a house, if that can make happen to my life then I would be happy enough, that's main goal next year to have a new house not for me but for my kids, and to have debt free, that's why I am also taking risk from doing crypto as I know that this will eventually change our life and that I can be able to help other people too. So just take risk which we can afford to lose and do our part to check out if they deserve and worth to invest at.

gabmen

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Quote from: shaheer001 on November 29, 2019, 01:52:11 AM

If this is your spare money and you can bear the loss then invest it two or three big projects like Ethereum, Bitcoin, BNB, XRP and watch the list in Coinmarketcap, otherwise don't take the risk if you have no spare money.

For a specific goal like that, I wouldn't risk it in crypto. Yes there's a chance that it will grow in value over time. There's also a big chance that your savings for the house would take a drop that may take a long time to recover. Even if you place it in stable coins, or big and established coins like Bitcoin or Ethereum, the risk is still too big. I'd take my chances on my bank for such ventures as did a lot of people who were able to save up for real estate assets.

Bitbtc8

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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

shaheer001

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If this is your spare money and you can bear the loss then invest it two or three big projects like Ethereum, Bitcoin, BNB, XRP and watch the list in Coinmarketcap, otherwise don't take the risk if you have no spare money.

fauzan Ichsan

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Quote from: Exidous on November 29, 2019, 12:05:09 AM

Quote from: dataispower on November 21, 2019, 05:20:52 PM

Quote from: Kinkyads on November 03, 2019, 03:04:41 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?

Since you are saving for a house, to be on the safe side, leave the money in USDT or any other stable coin if you don't plan to make profit by saving in crypto. If you wish to make profit, put some in BTC before the halving next year. Please note that this is just my opinion, as the market is unpredictable.

Agree. Hold USDT or Fiat will help you ensure your profits when participating in this market. I think saving money to buy a house is really a difficult task because you have to earn regular profits in investment and always be patient. In fact, there are many people who have been living better lives since join crypto but this will not last long because of volatility that will make our minds panic.

I think all of this is how we manage our finances. when prices are bullish, we must be smart to diversify profits. buying a house is easy if the market is supportive like 2017, but for the time being I think it's hard, if we don't have good trading skills. by having those skills, I think we can still make money, even though the market is bearish

DonFacundo

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There is no guarantee that you can make profit if you invest in crypto in just 6 months, you could lose anyway if the market will dump again. How about 20% of your money invest in crypto, I guess you can afford to lose with this amount. Think again if you ready to take risk.

Exidous

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Quote from: dataispower on November 21, 2019, 05:20:52 PM

Quote from: Kinkyads on November 03, 2019, 03:04:41 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?

Since you are saving for a house, to be on the safe side, leave the money in USDT or any other stable coin if you don't plan to make profit by saving in crypto. If you wish to make profit, put some in BTC before the halving next year. Please note that this is just my opinion, as the market is unpredictable.

Agree. Hold USDT or Fiat will help you ensure your profits when participating in this market. I think saving money to buy a house is really a difficult task because you have to earn regular profits in investment and always be patient. In fact, there are many people who have been living better lives since join crypto but this will not last long because of volatility that will make our minds panic.

ampu

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It's better to send a bank than you can to invest it in the cryptocurrency market. Although the profits from the cryptocurrency market are high, the risks from this market are very high. If investing in the cryptocurrency market, you should only own Bitcoin at each discount. Only trading BTC-USDT, other currency pairs are too risky.
Not participating in derivative transactions and futures contracts.

Ayiranorea

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Know the risks before making an investment. The risk doesn't mean that you're making an investment on a market that is completely fluctuating with time. Another thing is the reason, you're risking the amount that is a must for your living. If you're new to the market know about the hacks and other scams that give an outlook of helping and steal your funds. With crypto market you can't get expected return within the time limit you have, it grows of its own. If you're lucky you'll get profited in six months, else you need to hold longer.

If you're funds doesn't want to get disturbed as well as if you aren't ready to take risk then stablecoins were the right choice for you.

Topic: Saving for a House! - page 5. (Read 2354 times)