Saving for a House!

[safem]

It is a good thing to save in order to meet up with some future expenses. However, it is better to invest than to just be saving money somewhere and be expecting increase. I will advice you to look for a good project which has a valuable coin for you to invest into. You need to do intensive research before you put your money into any project for investment because a lot of scam projects are flying around in crypto. If you are opportuned to find a good project to invest into, you can be rest assured that your profit is guaranteed and your goal will be actualized.

[bitvalak]

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?

Do not do anything silly, better put half or a quarter of the money that you are ready to lose at any time.
There is no certainty in the price of Cyrpto, you should know that.
You better use your money for other businesses that can make more sense.

[bohr]

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.

It does not even make sense to use fiat to buy another fiat, when you buy a cryptocurrency like bitcoin it is true the price can go down but it can also go up and if you hold for long enough you can be sure you will get profits, but when you invest in a stable coin not only you will not get profits there is a possibility that at some point the exchange that created the stable coin that you bought disappears or is hacked and the value of that coin crashes all the way to zero.

[judaspriest]

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.

It does not even make sense to use fiat to buy another fiat, when you buy a cryptocurrency like bitcoin it is true the price can go down but it can also go up and if you hold for long enough you can be sure you will get profits, but when you invest in a stable coin not only you will not get profits there is a possibility that at some point the exchange that created the stable coin that you bought disappears or is hacked and the value of that coin crashes all the way to zero.

very risky if you save on stable coins for a long time, stable coins are backed up with their own funds and not from the government,
maybe it's better to be in Fiat and buy a future home

[Nezerlan]

You should understand the risks involved if you do this. Left to me, I'd rather make use of spare money and keep it in crypto than use money meant for important real life expenses such as rent money

[drumamat]

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 the equivalent amount of $ 40,000, then of course use stable coins, specifically USDT.

[bohr]

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.

It does not even make sense to use fiat to buy another fiat, when you buy a cryptocurrency like bitcoin it is true the price can go down but it can also go up and if you hold for long enough you can be sure you will get profits, but when you invest in a stable coin not only you will not get profits there is a possibility that at some point the exchange that created the stable coin that you bought disappears or is hacked and the value of that coin crashes all the way to zero.

very risky if you save on stable coins for a long time, stable coins are backed up with their own funds and not from the government,
maybe it's better to be in Fiat and buy a future home

The only reason to use your fiat currency to buy a stable coin is if you live in a country where there is a huge level of inflation each year, in such case if you do not have access to the dollar you could use stable coins as a way to protect yourself from the inflation but even then you are facing more risks than the ones that you will if you were simply holding dollars or if you took your chances and decided to hold bitcoin instead of stable coins.

[PrissMCclen]

Well if you are saving for such project then I will advise you to stay away from crypto currency if you really want to succeed, because as the value of crypto currency flautuate so as your project may fluctuate too

[Ayiranorea]

Know the risks before making an investment. The risk doesn't mean that you're making an investment on a market that is completely fluctuating with time. Another thing is the reason, you're risking the amount that is a must for your living. If you're new to the market know about the hacks and other scams that give an outlook of helping and steal your funds. With crypto market you can't get expected return within the time limit you have, it grows of its own. If you're lucky you'll get profited in six months, else you need to hold longer.

If you're funds doesn't want to get disturbed as well as if you aren't ready to take risk then stablecoins were the right choice for you.

[ampu]

It's better to send a bank than you can to invest it in the cryptocurrency market.  Although the profits from the cryptocurrency market are high, the risks from this market are very high.  If investing in the cryptocurrency market, you should only own Bitcoin at each discount.  Only trading BTC-USDT, other currency pairs are too risky.
Not participating in derivative transactions and futures contracts.

[Exidous]

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.

Agree. Hold USDT or Fiat will help you ensure your profits when participating in this market. I think saving money to buy a house is really a difficult task because you have to earn regular profits in investment and always be patient. In fact, there are many people who have been living better lives since join crypto but this will not last long because of volatility that will make our minds panic.

[DonFacundo]

There is no guarantee that you can make profit if you invest in crypto in just 6 months, you could lose anyway if the market will dump again. How about 20% of your money invest in crypto, I guess you can afford to lose with this amount. Think again if you ready to take risk.

[fauzan Ichsan]

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.

Agree. Hold USDT or Fiat will help you ensure your profits when participating in this market. I think saving money to buy a house is really a difficult task because you have to earn regular profits in investment and always be patient. In fact, there are many people who have been living better lives since join crypto but this will not last long because of volatility that will make our minds panic.

I think all of this is how we manage our finances. when prices are bullish, we must be smart to diversify profits. buying a house is easy if the market is supportive like 2017, but for the time being I think it's hard, if we don't have good trading skills. by having those skills, I think we can still make money, even though the market is bearish

[shaheer001]

If this is your spare money and you can bear the loss then invest it two or three big projects like Ethereum, Bitcoin, BNB, XRP and watch the list in Coinmarketcap, otherwise don't take the risk if you have no spare money.

[Bitbtc8]

You must have other way to survive, its one reason why i am so down now, i never planned myself well, i thought i would be able to live on from airdrops and bounties but i was wrong, go for good altcoins but invest only what you can afford to lose

[gabmen]

If this is your spare money and you can bear the loss then invest it two or three big projects like Ethereum, Bitcoin, BNB, XRP and watch the list in Coinmarketcap, otherwise don't take the risk if you have no spare money.

For a specific goal like that, I wouldn't risk it in crypto. Yes there's a chance that it will grow in value over time. There's also a big chance that your savings for the house would take a drop that may take a long time to recover. Even if you place it in stable coins, or big and established coins like Bitcoin or Ethereum, the risk is still too big. I'd take my chances on my bank for such ventures as did a lot of people who were able to save up for real estate assets.

[Edraket31]

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.

Agree. Hold USDT or Fiat will help you ensure your profits when participating in this market. I think saving money to buy a house is really a difficult task because you have to earn regular profits in investment and always be patient. In fact, there are many people who have been living better lives since join crypto but this will not last long because of volatility that will make our minds panic.

I think all of this is how we manage our finances. when prices are bullish, we must be smart to diversify profits. buying a house is easy if the market is supportive like 2017, but for the time being I think it's hard, if we don't have good trading skills. by having those skills, I think we can still make money, even though the market is bearish

Everyone of us are aiming to save for us to be able to buy a house, if that can make happen to my life then I would be happy enough, that's main goal next year to have a new house not for me but for my kids, and to have debt free, that's why I am also taking risk from doing crypto as I know that this will eventually change our life and that I can be able to help other people too. So just take risk which we can afford to lose and do our part to check out if they deserve and worth to invest at.

[aakay]

I think you also need to consider other options like the market risks which is not really that stable. Cause i think it will affect your investment though

[Stanlo]

If you only care about keeping your 40k then buy stable digital currencies but if you want to make profit out of the 40k then split it into two, use half on bitcoin and use the remaining half of stable coins

[Xxmodded]

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.

Agree. Hold USDT or Fiat will help you ensure your profits when participating in this market. I think saving money to buy a house is really a difficult task because you have to earn regular profits in investment and always be patient. In fact, there are many people who have been living better lives since join crypto but this will not last long because of volatility that will make our minds panic.

I think all of this is how we manage our finances. when prices are bullish, we must be smart to diversify profits. buying a house is easy if the market is supportive like 2017, but for the time being I think it's hard, if we don't have good trading skills. by having those skills, I think we can still make money, even though the market is bearish

Everyone of us are aiming to save for us to be able to buy a house, if that can make happen to my life then I would be happy enough, that's main goal next year to have a new house not for me but for my kids, and to have debt free, that's why I am also taking risk from doing crypto as I know that this will eventually change our life and that I can be able to help other people too. So just take risk which we can afford to lose and do our part to check out if they deserve and worth to invest at.

When saving for house and buy bitcoin you can get bigger your house later after get profit with bitcoin and altcoin investing when price up, but after saving your house and invest with bitcoin but price down you can lost your dreaming and excatly lost your house, before investing with bitcoin and altcoin think which one best time for investing and selling bitcoin to get much profit.