Nwaka20
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November 15, 2019, 10:31:22 PM |
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Personally i believe you are taking a big risk saving such huge amount for a project in Cryptocurrency. Investing in Cryptocurrency is highly risky especially when the money is for something as crucial as a house. The market can't be predicted at all. Stable coins should be the best option if at all you want to save in crypto
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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cahbagus555
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November 16, 2019, 01:16:17 AM |
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Personally i believe you are taking a big risk saving such huge amount for a project in Cryptocurrency. Investing in Cryptocurrency is highly risky especially when the money is for something as crucial as a house. The market can't be predicted at all. Stable coins should be the best option if at all you want to save in crypto
Agree with this opinion, it is too risky to invest all of the down payment on a house to invest in the cryptocurrency market. Crypto is difficult to predict when the price goes up, it could be in the next 6 months the price of crypto goes up but it can also go down. In my opinion, it's safer to invest using funds we can afford to lose so we are more relaxed |
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yohananaomi
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Merit: 267
Vave.com - Crypto Casino
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November 16, 2019, 01:44:44 AM |
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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 should also think that all investments will carry a lot of risk, be it loss or profit. just how you can anticipate and examine correctly. saving in crypto is the same as investing, now you just have to be able to analyze the situation where you will put it. do not let you fall that actually harms. it's good to divide up some items that are already on the market so that it's not too risky. |
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cryptothreads
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November 16, 2019, 02:13:27 AM |
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Personally i believe you are taking a big risk saving such huge amount for a project in Cryptocurrency. Investing in Cryptocurrency is highly risky especially when the money is for something as crucial as a house. The market can't be predicted at all. Stable coins should be the best option if at all you want to save in crypto
Agree with this opinion, it is too risky to invest all of the down payment on a house to invest in the cryptocurrency market. Crypto is difficult to predict when the price goes up, it could be in the next 6 months the price of crypto goes up but it can also go down. In my opinion, it's safer to invest using funds we can afford to lose so we are more relaxed Investing with the money can lose will make our psychology more comfortable when dealing and not under financial pressure. I think this is something that any investor should do to protect their assets best. If you are lucky enough to make a good profit, you should save 2% to 5% and switch to stable coins for more safety. It may not help you buy a home, but you will definitely need to use it in emergencies. Personally, I spend a lot of time managing my investment and always keep a savings for my family or if something goes wrong. We cannot guarantee anything in this market so the savings are still much better. |
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elisabetheva
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November 16, 2019, 02:39:47 AM |
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Personally i believe you are taking a big risk saving such huge amount for a project in Cryptocurrency. Investing in Cryptocurrency is highly risky especially when the money is for something as crucial as a house. The market can't be predicted at all. Stable coins should be the best option if at all you want to save in crypto
Agree with this opinion, it is too risky to invest all of the down payment on a house to invest in the cryptocurrency market. Crypto is difficult to predict when the price goes up, it could be in the next 6 months the price of crypto goes up but it can also go down. In my opinion, it's safer to invest using funds we can afford to lose so we are more relaxed Investment is indeed needed courage to take the most appropriate steps but with good analysis. because if the funds you use are for an interest that also cannot be underestimated. this will be a problem because investing in crypto is a long-term investment. if possible I agree with the opinion of the colleague above that it is better to use funds that are truly available and not for basic interests. |
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wajik-tempe
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November 16, 2019, 02:51:50 AM |
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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 should also think that all investments will carry a lot of risk, be it loss or profit. just how you can anticipate and examine correctly. saving in crypto is the same as investing, now you just have to be able to analyze the situation where you will put it. do not let you fall that actually harms. it's good to divide up some items that are already on the market so that it's not too risky. Even investing on crypto that already listed on the market is not recommended for savings because the concept of crypto is just invest the money that we can afford to lose. So investing for saving for cryptocurrency is a very high risk decission. Only invest the money that we don't need anymore such as if we already have a passive income and active income, we can invest the passive income to crypto and we'll be safe in financial even the money that we invest in crypto are lossing |
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huige007
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November 16, 2019, 03:34:19 PM |
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This is a very big risk - getting money for a house and investing it in cryptocurrency. For such a short period - 6 months - you will receive a small profit. There is a risk of being left without funds at all. I do not advise you to do so.
It is unlikely that this will be possible because if you only have $1000 to invest, saving to buy a house is impossible. I think this is the way for big investors and depends a lot on the money they save in this market. For me, I cannot afford to do this but I will use some of my savings for emergencies as this is my insurance for my safety in everyday life. It is not exactly impossible to save for a house by just an investment of 1k dollars but a difficult task for sure. The probability of him achieving this is small as he does not have many potential options to achieve this. Rather there is only one way through which he can save for his dream house and that is to day trade bitcoin. He should buy bitcoin and try to increase its amount by trading on daily basis. |
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Kocret02
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Trident Protocol | Simple «buy-hold-earn» system!
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November 16, 2019, 04:33:52 PM |
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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 it |
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rincoeng1986
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November 16, 2019, 05:30:57 PM |
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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 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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arimamib
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November 16, 2019, 05:57:14 PM |
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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 it I think it would be better to change it to FIAT if the main purpose is to buy an item. and if the money entered into the market should be utilized, if not possible the nominal will remain the same but that is his choice |
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robelneo
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Merit: 1202
Bons.io Telegram Casino
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November 16, 2019, 06:14:22 PM |
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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. |
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lolgato1
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November 16, 2019, 07:09:10 PM |
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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.
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tonyvo2017
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Lifestyle & Wellness Platform
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November 16, 2019, 07:10:34 PM |
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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.  |
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zenhu
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November 16, 2019, 10:33:09 PM |
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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.
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SanZoldyck
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arcs-chain.com
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November 16, 2019, 11:33:19 PM |
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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 |
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starblocks
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November 17, 2019, 12:46:19 AM |
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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
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fullhdpixel
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November 17, 2019, 04:34:42 PM |
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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. |
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upyem2k
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November 18, 2019, 04:08:47 AM |
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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.
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danielchris
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November 18, 2019, 07:01:05 AM |
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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.
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efxtrader
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Merit: 100
GoMeat - Digitalizing Meat Stores - ICO
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November 18, 2019, 07:32:29 AM |
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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 |
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