Saving for a House!

[Fatunad]

Why store it on a stable coin for 6 months when you can invest it and buy btc. In 6 months due there will be a bull run coming up. If you're lucky enough before 6months btc could pump for more than 10%. That percentage is good enough for the $40,000 btc.

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[Reid]

I do remember one guy who bought 2 bitcoin and kept it in his flash drive. Every details is there.
And then, he buried it somewhere in his garden.
That was 2 years ago I think or maybe more but not above 3 years.
If I remember it correctly he bought those 2 bitcoins with a price of $3000 which is $1500 a piece.

Yeah, stay with stable coins and that will be safe, the value of it will never move although the risk there is when it is suddenly gone.
With bitcoin though, there is a larger risk but could be profitable in the long run.

[masterrex]

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?

I have a little doubt about this? " i want to store it in crypto as we grow it over the next 6 months" I think 40K is not safe in crypto since you didn't know what could be happen during that period its very risky to gamble since that money was intended for down payment for a house! and if you want to grow it, stablecoin is not the good option since stablecoin will not fluctuate much its just stay in its value. But for other purpose just to store it in decentralized way, stablecoin is suitable for that but don't expect any high returns.

[joshy23]

Why store it on a stable coin for 6 months when you can invest it and buy btc. In 6 months due there will be a bull run coming up. If you're lucky enough before 6months btc could pump for more than 10%. That percentage is good enough for the $40,000 btc.

Enough confidence is needed to take this kind of action. Risk inside crypto is very high so  better for OP to analyze and take a lots of research
before making any decision of investing the said amount of money especially that he's allocating the said money for his house.
Bitcoin though have a good anticipation, incoming halving will impact the crypto industry needs to learn everything about it.

[Ararbermas]

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?

are you out of your mind are you serious? Did you know how very risky putting money in crypto currency.? Seriously mate i suggest stop assuming because it's very unpredictable.  In fact on this current situation of market you cannot  find some certain investments especially for long run because mostly investors nowadays are very greedy wherein you will end up losing money only if you do that stupid decision. Just keep it to avoid regrets. And find another opportunity instead where you can earn money and then use it to invest not your savings because it's like you want to end your life so fast.  Lol

[Obito]

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?

At some point good, it will just either go high or down low. I wanna take bank into consideration of storing your money because there are no mistakes nor flaws existing in their end, so, if they take your money away it just only your fault because there are no mistakes in the system while on the other hand storing it into crypto is just like go high or get gone depending on the market condition. Well the best option for you somehow if you don't want to take the risk is storing it into stable coins or bank you just need to be responsible and everything will be okay otherwise store it into crypto.

[fuer44]

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?

There is no guarantee of a stable coin in the crypto world, but if what you are referring to is a coin whose level of price change does not occur in a short time, it might be there. for the value of 40k I think it will be good if you buy etherum. indeed the value of etherum can go up and down, but if you look at the ups and downs of etherum lately it still stands at $ 250. I think that's good for the next 6 months.

[Ucy]

Stablecoin is one of the best options in my opinion but I wouldn't encourage you to keep everything in one stablecoin or even fiat.
You could spilt the funds into two or three, have two parts in two stablecoin coins (decentralized and centralized stablecoins) and the remaining part in your bank account. Having all your funds in a basket is quite risky especially in your kind of situation.

[Google+]

if you are in need of that much money then I suggest you do not invest in cryptocurrency that does not have a good development or you can say do not save in altcoin, you better save it in the form of bitcoin because if you save in the form of bitcoin you can get a lot of profit from it and bitcoin also has less supply, imagine if the supply is maximal it will be difficult to get bitcoin then the price can be very expensive because bitcoin has a lot of demand.

[#Darren]

Yes, if you wish to hold a solid amount of money, without any risks, then invest in a stable coin. However, it is going to be pretty hard to find a solid one, anyway stay aside from Tether coin, because you will lose your money after 6 months.

[ChrisPop]

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 your money safe I recommend keeping them in the bank(taking into account that your bank deposit is insured by authorities). Of course that fiat money is exposed to inflation, but so are crypto stable coins like DAI which is pegged 1:1 with the USD and you have some risk that sometimes happen with the DAI infrastructure. As you can see in their chart it had some pretty crazy wicks. Inflation won't affect your holdings too much as you're planning to hold them just for 6 months as you said.

[Eclipse26]

It's a good thing that you're saving for your house but we never know if it'll grow after 6 months. Bitcoin is a good choice but risky as well since it is volatile. As for stable coins, it's safer but yeah stable. So rather than choosing one, I think it's much safer to store it on both. But personally, if I were you I will have it fiat but since you don't want it to put on the bank, it's your choice after all.

[gwaposakon]

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?

In my opinion, it would be a bad idea to invest money intended for an important purpose in crypto. Promising crypto might be, its market is not that stable and you might end up losing your money. I would suggest you invest only money that you can afford to lose. This way you will not be pressured to sell for a loss if the price sways or fluctuates.

[LouVandetta]

It's very risky if you want to invest your $40k, especially if the money is for your future house.
We never know the future of cryptocurrency. Eventho we could say some coin/alts are really profitable , it's only speculation. I really think storing your money in a trusted bank is the best option. But if you really want them to grow in cryptocurrency, I hope you've planned this very well. You could try the top 10 alts from cmc. Or even bitcoin. But beware, it doesn't mean you'll get profit since no one knows what the future holds.

[BigBoom3599]

In my opinion, it would be a bad idea to invest money intended for an important purpose in crypto. Promising crypto might be, its market is not that stable and you might end up losing your money. I would suggest you invest only money that you can afford to lose. This way you will not be pressured to sell for a loss if the price sways or fluctuates.

Exactly. Rule #1 of crypto has always been: "don't invest more than you can afford to lose". Crypto is a massively risky investment, profit is just as guaranteed as losses are. Don't think that crypto will give you free profits, because you WILL be dissapointed.

Don't overinvest otherwise you will lose sleep, you will be looking at the charts every day, you will be stressed, and most importantly you will make bad decisions based on emotions/stress and lose money because of it.

[zero714309]

Cryptocurrency very risky. Before you put all of your money better to calculate anything. Its not only about profit or what but even you choose 10 top coinmafketcap it not mean your money is safe.

[Wildwest]

This is a thought that is not good and risky, because saving money in crypto has a risk we will be able to lose all of the money if for investment you want to buy property save in the bank because in crypto there will also be banks too, if you want to also invest in crypto select a good coin and safe like bitcoin and ethereum

[AliMan]

This is a thought that is not good and risky, because saving money in crypto has a risk we will be able to lose all of the money if for investment you want to buy property save in the bank because in crypto there will also be banks too, if you want to also invest in crypto select a good coin and safe like bitcoin and ethereum

Selecting the best preference that we wanted to we should make sure that we're choosing the right asset. So that when time comes and when its value reaches the maturity stage, we will be safe from risk on our holdings. If we have plans like property, I think long term is good enough to generate enough profit which will be saved for your future plans.

[Edraket31]

This is a thought that is not good and risky, because saving money in crypto has a risk we will be able to lose all of the money if for investment you want to buy property save in the bank because in crypto there will also be banks too, if you want to also invest in crypto select a good coin and safe like bitcoin and ethereum

It is wise not to put all our money in cryptocurrency , it is still best to have our savings and to have our own traditional business and to have investment such as stock market or to a real estate. It is still best to allot your money and spend it wisely, don't go all in crypto as it is too risky, been to that, gave all in and nothing in return, ended up nothing , so I learned my lessons now.

[leea-1334]

Keeping savings all in one place is a bad idea. Very, very bad idea. Why not keep it in the bank, what is this old judgment you are talking about? Most banks are insured by government so keeping it there is actually safe.

Or buy a savings insurance. Or buy an insurance plan, that you can cancel contract when you want to buy the house.

I love bitcoin and stablecoin but so bad idea to keep house money in it with no insurance!