Topic: Saving for a House! - page 6. (Read 2354 times)
Well if you are saving for such project then I will advise you to stay away from crypto currency if you really want to succeed, because as the value of crypto currency flautuate so as your project may fluctuate too
If youre gonna invest on cryptocurrency then stablecoin isn't the best coin to invest with cause there's not a lot of good movement in these type of coins. Better invest with btc, eth or major projects that could increase the price more in the future. I hate to say it, but putting it on stable coin isnt worth it at all used it only to neutralized the fund when the major alts have been increase by fold.
It does not even make sense to use fiat to buy another fiat, when you buy a cryptocurrency like bitcoin it is true the price can go down but it can also go up and if you hold for long enough you can be sure you will get profits, but when you invest in a stable coin not only you will not get profits there is a possibility that at some point the exchange that created the stable coin that you bought disappears or is hacked and the value of that coin crashes all the way to zero.maybe it's better to be in Fiat and buy a future home
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 keep the equivalent amount of $ 40,000, then of course use stable coins, specifically USDT.
You should understand the risks involved if you do this. Left to me, I'd rather make use of spare money and keep it in crypto than use money meant for important real life expenses such as rent money
If youre gonna invest on cryptocurrency then stablecoin isn't the best coin to invest with cause there's not a lot of good movement in these type of coins. Better invest with btc, eth or major projects that could increase the price more in the future. I hate to say it, but putting it on stable coin isnt worth it at all used it only to neutralized the fund when the major alts have been increase by fold.
It does not even make sense to use fiat to buy another fiat, when you buy a cryptocurrency like bitcoin it is true the price can go down but it can also go up and if you hold for long enough you can be sure you will get profits, but when you invest in a stable coin not only you will not get profits there is a possibility that at some point the exchange that created the stable coin that you bought disappears or is hacked and the value of that coin crashes all the way to zero.maybe it's better to be in Fiat and buy a future home
If youre gonna invest on cryptocurrency then stablecoin isn't the best coin to invest with cause there's not a lot of good movement in these type of coins. Better invest with btc, eth or major projects that could increase the price more in the future. I hate to say it, but putting it on stable coin isnt worth it at all used it only to neutralized the fund when the major alts have been increase by fold.
It does not even make sense to use fiat to buy another fiat, when you buy a cryptocurrency like bitcoin it is true the price can go down but it can also go up and if you hold for long enough you can be sure you will get profits, but when you invest in a stable coin not only you will not get profits there is a possibility that at some point the exchange that created the stable coin that you bought disappears or is hacked and the value of that coin crashes all the way to zero. 
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?
Do not do anything silly, better put half or a quarter of the money that you are ready to lose at any time. There is no certainty in the price of Cyrpto, you should know that.
You better use your money for other businesses that can make more sense.
It is a good thing to save in order to meet up with some future expenses. However, it is better to invest than to just be saving money somewhere and be expecting increase. I will advice you to look for a good project which has a valuable coin for you to invest into. You need to do intensive research before you put your money into any project for investment because a lot of scam projects are flying around in crypto. If you are opportuned to find a good project to invest into, you can be rest assured that your profit is guaranteed and your goal will be actualized.
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. 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?
Know that, even if you save in stable coin, you might not still get the exact amount you wanted in later time. The reason being mainly that transactions fees will be deducted while processing whatever for of transaction. Although, considering other options, stable coin seems to be the best, most especially when crypto is being considered. 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?
your mind is good for financial management.I will also do as you do, because I also believe that the development of crypto in the future will definitely be better than now.
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?
your mind is good for financial management.I will also do as you do, because I also believe that the development of crypto in the future will definitely be better than now.
If he's my friend or a family member i won't allow him to do it, of course it is still his decision but I will do my part and that is to remind him that cyrpto is too risky that he should not risk everything. I salute all the risk takers but not those who are even selling their house just to gamble and risking their money with no assurance at all, for me that is not a practical act but too greediness.
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?
your mind is good for financial management.I will also do as you do, because I also believe that the development of crypto in the future will definitely be better than now.
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?
your mind is good for financial management.I will also do as you do, because I also believe that the development of crypto in the future will definitely be better than now.
Here's my question, if you continued investing your down payment and then unfortunately a sudden bearish season comes. What will you do now? Are you willing to sleep along the streets? I hope you get my point now
. 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?
your mind is good for financial management.I will also do as you do, because I also believe that the development of crypto in the future will definitely be better than now.
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?
your mind is good for financial management.I will also do as you do, because I also believe that the development of crypto in the future will definitely be better than now.
I have been working on cryptocurrencies over the last 2 years and If you ask about stability well I would say stability has nothing to do with cryptocurrencies. Cryptocurrencies are highly volatile like they are on a roller coaster ride, rise and fall, ups and downs beyond expectations and the reason is this investors see cryptos as a mechanism of making fast money and speculators speculate the market 24/7. CryptoMarket is currently under recession but hopes are high that it will recover soon. If you want to make good returns then cryptocurrencies are better place but you're gonna require high trading skills and experience because crypto economy behaves differently, unlike stock market or forex. If you are new in cryptocurrencies I suggest you don't take such risk, take some time, learn the market behavior, read market statistics for last 3 years and you will get your answer whether to join Cryptoworld or not at all.
See OP thats a really good thought and as you want to invest in crypto but this market is too volatile and you could loose your money at any time as market can crash in coming months and your house dream could shatter so be wise and try to invest only in some potential altcoins most probably only in bitcoin as it has high rerurns over short period of time.Hope you can achieve your goal and price rise and we all gain profits along with you.
Oh no please do not advice this! You know,,, asking people to invest in potential altcoins is just as crazy as putting his savings into a casino.
You want to buy a house, just keep the money in a bank and save it. Or as suggested before buy a savings insurance and keep money there bit by bit, then buy your house as soon as you have enough.
Stop mixing up profit and savings and money you cannot afford to 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?
Use USDT or USDC to safe your 40k in the blockchain, just make sure you safe guard your private key, this is the only way to get access to your fund anytime you need it, every other coins like bitcoin or eth are not stable yet they can double your 40k for you in few months but risky 
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 just want to save your money into cryptocurrency then a stable coin I think is the right choice for you. But, for me if you can take a little of that money to invest in cryptocurrency and you can make a profit, I think this is actually a better choice, maybe you can use some of your money for you to invest in a few coins that you think might give You profit, so you can not only save your money but you can also benefit from it.Jump to: