Saving for a House!

[vvu351]

Here you already have to decide what is best to do and how best to do, because investing in cryptocurrency is a huge risk and at any time you can lose all your money, so here you need to think about all the options many times so as not to make mistakes.

I also lost a lot of money in the cryptocurrency market. It seems to me that we should continue to hope for a better time, market growth will certainly be this year.

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[casperBGD]

Here you already have to decide what is best to do and how best to do, because investing in cryptocurrency is a huge risk and at any time you can lose all your money, so here you need to think about all the options many times so as not to make mistakes.

I also lost a lot of money in the cryptocurrency market. It seems to me that we should continue to hope for a better time, market growth will certainly be this year.

it is not for sure, but should be expected for a market to grow before halving, especially because this turmoil that wiped-out almost 50% of market cap, but one has to be cautions, and investing of money that are planned for a house is a big risk, too big from my point of view

[boltz]

Now it would be wiser to SAVE every cash you're having and not spending it on useless things and also don't buy cryptos right now. Personally I think that after this big wave of corona the big wave of economical decline will come so panic will be even higher.

Save for your house but don't make investments.

[r32godzilla]

If you are economy skilled then you know that speding your own money for a living is not the best economy strategy because you loose the potential of money. You spend it for something that will not generate you a profit. You should use your money for investments to generate profit and from this profit you can pay your liabilities liek living. (Short introduction to an economy thinking  )

[Crypto_lion]

If you are saving for a house or something like that for which you need it then don't even think about putting the money in the crypto even on stable coins. Your best best is to put it in a fixed deposit or bank and get the house you have always dreamt of. Don't take the risk on something that's so important.

[lunobird]

It's a much better time to put your money into crypto when btc is at around 5k vs being around 8k like it was last couple of weeks.

However things can get much worst before it gets better.  So I would average in if your time frame is short.  It is a golden opportunity but may take a couple of years before we break out above 20k again. This dump confirms that a major support on the log chart was lost and may take longer to recover back to all time high.

If your getting a house this year forget about crypto and stock market.

If your getting a house in 2-5 years sure then put money into crypto it's the corona virus sale price on everything including stocks.

[retnocintaku]

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 plan is good and can be done a few days ago when the conditions of the Bitcoin price decreased very sharply. The decline reaches 25% and when it is the best time to invest.

Investing in a stable coin becomes an excellent option and I recommend 10 top coins of CMC, it could be a good choice. Better you do daily trades than you plant it for 6 months. I think it's a long time because the current price of Bitcoin is difficult in predictions.

[Bitbtc8]

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?

Oh boy, I hope you aren't caught up in this present market condition? I hope you've decided to use stable coin instead, if you did it's not a good time to buy Bitcoin with that 40k  pretty sure it will double once Coronavirus issue got solved