I think it is not good to save money in crypto because it is very risky, in my opinion saving in a bank is safer than crypto, something happens in the bank then the bank's responsibility. If it's in crypto, then you have to accept it gracefully if it happens that you don't want it, then a better down payment for a bank house is much safer.
Or even stable coins are still vulnerable to risk.
Topic: Saving for a House! - page 8. (Read 2354 times)
Well from my perspective saving money for a house is a good idea but investing on cryptocurrency is too risky. Even you invest on stable coins there is no guarantee you will get profit maybe you can just lost your money. We talking about buying a house so maybe you should invest on realistic thing
It's too risky to risk a down payment on a house to invest in the crypto market even though it's bitcoin. It's better not to use the money needed to invest because crypto prices always fluctuate. We have never been able to predict the price of crypto in the next 6 months and I think it's better to use idle money to invest so we don't stress
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 is even safer to invest in a bank because it can return our money if it robs them of their care.It is safer for banks to invest money because with this assurance they can be returned to us. especially with your money you will use to buy your own house. Don't risk it in crypto.
Well from my perspective saving money for a house is a good idea but investing on cryptocurrency is too risky. Even you invest on stable coins there is no guarantee you will get profit maybe you can just lost your money. We talking about buying a house so maybe you should invest on realistic thing
Saving for house is good but in Cryptocurrency no one can predict or assure when crypto market will pump or dump. In 2020 there is a chance to increase but not sure.
Savings in bank is a good idea. If it is invested in crypto and goes higher in market then it is awesome. There is a risk. If you are ready to risk go-ahead.
Be smart and make a decision. Buying a home is not that easy in this world.
Savings in bank is a good idea. If it is invested in crypto and goes higher in market then it is awesome. There is a risk. If you are ready to risk go-ahead.
Be smart and make a decision. Buying a home is not that easy in this world.
There is a lot of risk in ivesting your money on cryptocurrency and you need to have a knowledge in trading first before putting your money savings and you might lose it and it will be hard to recover.
And also it will depend on what coin/token you will br buying but if you are really want to invest your savings then only choose bitcoin since i think its much stable and the value really sky-rocketed last 2017 and it might pumps up by next year. Who knows right?
And also it will depend on what coin/token you will br buying but if you are really want to invest your savings then only choose bitcoin since i think its much stable and the value really sky-rocketed last 2017 and it might pumps up by next year. Who knows right?
do you mean, save money in crypto and within a certain time limit? I think you need to plant it in stable coins like USDT / USDC. I think this is a good choice because stable coin prices only move with fixed prices. Another case if you invest with a profit target, then crypto like BTC or top coins are a good choice for profit investment.
Stable coin is the best option to save without worrying about its value going down, but if you want to get profit you can buy top 10 CMC because time is 6 months long enough, and maybe you can save bitcoins within that time period.
Saving your assets in digital is no longer advised as we all know and understand the volatility of it. Some people converted their cash and some other assets to bitcoin at $19,000 per bitcoin. Can you just imagine what they would have lost by now. Some are grounded bankrupt as I type this. So, be wise.
Agree, even though many people say bitcoin is a good investment, we shouldn't use all the money we have. We have to invest funds that we can only lose so that important needs are not disturbed, this will make us more comfortable when prices fluctuate
My opinion is that saving for house is a good idea for future savings, but it is more important thing how much long time you want invest amount. I advice you, you can choose only bitcoin .because you can trust in bitcoin from this past performance. I think so.
Saving your assets in digital is no longer advised as we all know and understand the volatility of it. Some people converted their cash and some other assets to bitcoin at $19,000 per bitcoin. Can you just imagine what they would have lost by now. Some are grounded bankrupt as I type this. So, be wise.
I think that's a very large amount. profits in investing in Stablecoin will also not be much, because it usually only goes up a little. If you want to get more profit, invest in other altcoins like ethereum, ripple, bitcoin etc. You can also see a list of the top coins in coin marketcap
You are a very funny person, someone is talking of growing a coin within the next 6 months and you are advising him to out his investment in ripple. For the past one year, have you seen ripple make any increase, has it not come to you that ripple is already turning to a stable coin? So tell me how is it possible that ripple will help grow his investment within the next 6 months? I know that we are all entitled to our own opinion, but we need to also be realistic.The only coin that I think can be guaranteed to actually fetch him some increase within the next 6 moth time frame that he has is still only bitcoin, and I think the only coin he should out the money in is that watching out for the best period to buy which should always be the period for dips.
If you are seeking to grow your capital you would benefit most from investing in Bitcoin and Ethereum for starters and then putting together a well balanced portfolio, but keep in mind this is an emerging market so adopting a long term view here and only investing what you can afford to lose would be the wisest strategy and you can use stablecoins to hedge against volatility
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?
for a period of 6 months it might be a good stable coin, but for a fairly long term like that it's better to invest in BTC, ETH or XLM which can go higher
I think if you have skill of bussiness you can make yout money growth or get profit on it. I don't think if trade can make us more richer, if you don't have knowledge on market leave it.
For saving money i suggest you to buy gold then sell when you need to liquidate. Gold is one of safe-heaven in the world. No matter the prices its showing us the values of money. Nothing to lose if you buy gold to hold or for temporary save.
For saving money i suggest you to buy gold then sell when you need to liquidate. Gold is one of safe-heaven in the world. No matter the prices its showing us the values of money. Nothing to lose if you buy gold to hold or for temporary save.
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?
6 months is a good time for you to buy bitcoins from now on. The Bitcoin Halving event will take place in Q2 of 2020 and it is also the time when Bitcoin is growing strongly.$ 8k5 is still a fairly cheap price right now and it cannot be reduced any more as buying power is now very strong. Try your luck.
If you would like to stay in a crypto but you are looking for stability how about look at the anchor project? Their token promises to be stable plus give you a protection against inflation by being anchored by the global economy? You can buy it on Liquid exchange, but learn first about it at frist.
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 did not mention if this is in dollar or on your local currency, but if it is in dollar, that's a big amount my advice is to get it in the top coin in the market, for maximum profit, since you are going to invest it in the next 6 months, and that will be in time for the halving and probable bull run, but always remember you are investing still in a volatile market, there is still a risk involved, get always updated in the market situation.
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?
A stable coin might be good for keeping your assets for 6 months, but I think if you don't think of putting in a type of cryptocurrency that has profits like bitcoin or ethereum. when the coin has an increase in price I think you will get a profit. so think about itWe 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 indeed you keep it in the form of a stable coin, of course, there will not be a significant increase for your money and your money will not be drastically reduced later, I strongly agree with what you do because we know that bitcoin and ethereum are investments that are active so that at any time there can be a price reduction and of course you can lose the money you want to used to buy a house if the price of bitcoin or ethereum dumps.Looking for profit is important but home is a top priority for the family
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