Saving for a House!

[bgaf]

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.

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[velive08]

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 only rely on stable coins, maybe you only get what you saved at the beginning. but it might be necessary to try on one of the types of coins that have the potential and can increase profits in the future some time such as ethereum or bitcoin. so even if you are in crypto you will still get profit from your savings

[goaldigger]

Its a good idea though. But it would have been better if you divide the total funds in a ratio of say 8:2 so that you can save about 80% in stable coins while keeping de remaining 20% in a volatile coin, probably BTC so that your funds can appreciate small by the time you are withdrawing your funds

I would advice you to put it into bitcoin because of its foreseeable longterm profit but sincerely speaking the investment window of 6months which you gave is quite short. 6-8 months ago and bitcoin was trading under $4k. The market is too volatile to say the price of btc in the next 6months. You might have to wait a bit longer for gains

Expecting for a big rewards needs to take bigger risk, and holding for a 6 months is still not guaranteed to make money on that. OP have a better plan on this, but the market can't tell if he will earn or not, or anyone here can be sure about this one and yes the volatility is one of bigger risk. If you invest it on smaller coins then expect to take money longer, OP should think more before to proceed with his plan and consider all the pros and cons or else his money will be wasted and his dream house might be delay because he lose money.

[Vitalicus]

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.

I agree with you. The best way is to keep fiat in the bank and limit crypto savings because the constant volatility of the market will make you very difficult. When I was profitable I often switched to Fiat and spent more than 10% of my profits on bank deposits because this is the only place you can trust at this time. Of course, save money to buy a house, you need to have great patience.

[Xxmodded]

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.

I agree with you. The best way is to keep fiat in the bank and limit crypto savings because the constant volatility of the market will make you very difficult. When I was profitable I often switched to Fiat and spent more than 10% of my profits on bank deposits because this is the only place you can trust at this time. Of course, save money to buy a house, you need to have great patience.

If you buy correct altcoin for investing maybe you can get profit, how come if choose bad altcoin and you have lost your house, we don't know how to prediction with bitcoin and altcoin price at the future, better looking other your source income for investing with bitcoin and altcoin because I think is best solution how to keep your house safety from investing.

[lighpulsar07]

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.

I agree with you. The best way is to keep fiat in the bank and limit crypto savings because the constant volatility of the market will make you very difficult. When I was profitable I often switched to Fiat and spent more than 10% of my profits on bank deposits because this is the only place you can trust at this time. Of course, save money to buy a house, you need to have great patience.

If you buy correct altcoin for investing maybe you can get profit, how come if choose bad altcoin and you have lost your house, we don't know how to prediction with bitcoin and altcoin price at the future, better looking other your source income for investing with bitcoin and altcoin because I think is best solution how to keep your house safety from investing.

He wants to save his money in order to buy a house right? so, if he was in good mind, he wouldn't put all of his money in altcoins or it will be a hassle if he wants to convert his hundred thousand dollars worth of altcoins since banks will freeze your account and investigate it and also the cryptocurrency economy isn't stable it is very volatile than other investment option out there.

[Desscount]

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.

I agree with you. The best way is to keep fiat in the bank and limit crypto savings because the constant volatility of the market will make you very difficult. When I was profitable I often switched to Fiat and spent more than 10% of my profits on bank deposits because this is the only place you can trust at this time. Of course, save money to buy a house, you need to have great patience.

If you buy correct altcoin for investing maybe you can get profit, how come if choose bad altcoin and you have lost your house, we don't know how to prediction with bitcoin and altcoin price at the future, better looking other your source income for investing with bitcoin and altcoin because I think is best solution how to keep your house safety from investing.

He wants to save his money in order to buy a house right? so, if he was in good mind, he wouldn't put all of his money in altcoins or it will be a hassle if he wants to convert his hundred thousand dollars worth of altcoins since banks will freeze your account and investigate it and also the cryptocurrency economy isn't stable it is very volatile than other investment option out there.

very wise !, investing to buy a house is very good, I myself like that way, but if you invest in altcoin it's also good,
because altcoin season hasn't come until now, and that's the reason I recommend it to you

[horrifiedx1]

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.

I agree with you. The best way is to keep fiat in the bank and limit crypto savings because the constant volatility of the market will make you very difficult. When I was profitable I often switched to Fiat and spent more than 10% of my profits on bank deposits because this is the only place you can trust at this time. Of course, save money to buy a house, you need to have great patience.

If you buy correct altcoin for investing maybe you can get profit, how come if choose bad altcoin and you have lost your house, we don't know how to prediction with bitcoin and altcoin price at the future, better looking other your source income for investing with bitcoin and altcoin because I think is best solution how to keep your house safety from investing.

He wants to save his money in order to buy a house right? so, if he was in good mind, he wouldn't put all of his money in altcoins or it will be a hassle if he wants to convert his hundred thousand dollars worth of altcoins since banks will freeze your account and investigate it and also the cryptocurrency economy isn't stable it is very volatile than other investment option out there.

a good decision if he wants to diversify his assets to buy a house, however investing in one area of ​​investment will be more risky, especially investing in cryptocurrency that has high fluctuations. but it is different from property which has a small risk and its value tends to increase

[anjiitem]

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.

[Mighty_crypt]

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

[leea-1334]

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!

[kambaralikhan]

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.

[Cimmy_revenger]

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.

[carriebee]

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.

Actually there is a risks investing all of his money into crypto. The plan is good with financial management but all I can say, crypto currency is volatile so better diversify his investment. He needs to study the market very well on how he cannot be disappointed when his investment may not grow.

[NavI_027]

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.

You only know it was a good move only before the amount of your money decrease. Your perspective will surely change once your money diminished drastically. Don't get me wrong, I love crypto and also believe to its future (btc to be more specific) but I will never ever place a life-changing amount of money (like the house downpayment) in a risky place and wipl not advice the same thing either. Maybe some of you think that converting your money into crypto for the meantime and hope to make profits at an instant is a good idea, but in reality it wasn't. It's not that simple! If pro daytraders still exert a lot of effort in order to make their money survive in the waves of price volatility then what more for a common hodler like you? I advice you to use your extra money for crypto investing and not the money you used for sustaining your needs.

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 .

[Xcode7]

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.

Actually there is a risks investing all of his money into crypto. The plan is good with financial management but all I can say, crypto currency is volatile so better diversify his investment. He needs to study the market very well on how he cannot be disappointed when his investment may not grow.

the crypto market does have a higher level of risk, the development of crypto will not always be okay there is no time to grow. financial management is the best way before investing because without financial management, the funds that you have can lose large amounts

[makolz26]

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.

Actually there is a risks investing all of his money into crypto. The plan is good with financial management but all I can say, crypto currency is volatile so better diversify his investment. He needs to study the market very well on how he cannot be disappointed when his investment may not grow.

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.

[Visbay]

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.

Actually there is a risks investing all of his money into crypto. The plan is good with financial management but all I can say, crypto currency is volatile so better diversify his investment. He needs to study the market very well on how he cannot be disappointed when his investment may not grow.

the crypto market does have a higher level of risk, the development of crypto will not always be okay there is no time to grow. financial management is the best way before investing because without financial management, the funds that you have can lose large amounts

We should make proper plan and we should invest only the extra amount so we can gain and save at the same time. It’s not an easy task but also it's not impossible to earn from crypto just need to make a plan and invest your additional amount into it. After buying we should hold so that later on we can sell it for profit and buy our own house.

[Perfect35]

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.

[dataispower]

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.