Saving for a House!

[SabrinaBianka]

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?

Check this kind of explanation. If you are holding a coin for only six month what if the price of the coin you are holding are down before you sell? So you are lose, But if you only wanted was keeping only on cryptocurrency not to get a profit its better to hold stable coin. that is very simple strategy and we cannot predict the future of our coin. If we estimate that the price was grow up but what if its not?

[novaprime]

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.

Depend on the thinking of each person because this market still has a lot of good opportunities for investors and if you have made a large profit, you should save 2% of the profits earned. I always have to save money when I enter this market to cover the worst case scenario and if I am lucky enough to be able to buy a house from the savings, that was the happiest thing in my life.

[bonyaserg]

Yes, it is absolutely true to save and invest your accumulated funds in real estate. This is a very great investment. This is if you need a home. But if you have a place to stay, you need to invest in better deals. These are like cryptocurrency. Cryptocurrency can generate income in a very short time, and if you invest in real estate, the income will not be right away, but after a very long time it will not be as big as in cryptocurrency.

[Davian144]

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

True, all jobs do have risks, so there must be clear consideration, especially if someone invests in the crypto market, the risk is automatically very large, because when you experience losses will return to zero.

[TheICE007]

Nice thought,but my candid advise would be not to invest all in crypto, if you could invest some in offline business then that would be great, also considering the present situation of the bearish market, do some research and invest in some top coins in CMC that is down now, could be a fruitful investment.

[infarterr]

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

What you are describing is an option for those who have more capital and often invest, but here the question is how to save for the house? meaning that there are two functions that can occur, the first savings are fixed and will not increase, and the second is deposits that are not fixed and can increase when the value of the asset price rises, these two things are certainly equally good, only the first choice there is no equal risk once, while the second option is very risky to lose.

[Kevondo]

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

What you are describing is an option for those who have more capital and often invest, but here the question is how to save for the house? meaning that there are two functions that can occur, the first savings are fixed and will not increase, and the second is deposits that are not fixed and can increase when the value of the asset price rises, these two things are certainly equally good, only the first choice there is no equal risk once, while the second option is very risky to lose.

Investing is better than saving. With investment, the price keeps on increasing with time but this is not true for savings. I would suggest spending some money in bitcoin because this asset has already return millions to the holders. It wont be different with him too. The most beautiful feature is that the price increases within no time. Not only this, the major fear, risk, is also not involved in this strategy.

[Kersh768]

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?

It's a huge amount and we are talking about a house here so I want to make it as safe as possible, putting it in Crypto could be a good idea because of the potential of the market in the coming 7 months, but I prefer to invest only half of it, because the market is always volatile, the top coins are always the best options like Bitcoin, Ethereum, Ripple, Bicoincash, just do not put all your eggs in one basket.

I agree. Investing it into crypto will be a great choice and a good idea at the same time but since we are talking about a really big amount of money to be use to purchase a house, it will be safer to just put in just half of your money in hand into crypto and another half into bank so that you can have a two way investment into two different ways. It is indeed that investing into crypto is really that promising to foresee buying a house using the money you can earn from investing into a crypto coin. The challenging part is that you must be able to sort out the best crypto to be chosen based on your preference that will suit into you. Better take into consideration for the mean time the top cryptos in the marker if you still cannot sort out what is the best crypto for you. It will just take sometime because every coin do have their own volatility rate but pretty sure everything is worth it and beneficial making you to be able to buy a house worth 40k.

[crisanto01]

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?

It's a huge amount and we are talking about a house here so I want to make it as safe as possible, putting it in Crypto could be a good idea because of the potential of the market in the coming 7 months, but I prefer to invest only half of it, because the market is always volatile, the top coins are always the best options like Bitcoin, Ethereum, Ripple, Bicoincash, just do not put all your eggs in one basket.

I agree. Investing it into crypto will be a great choice and a good idea at the same time but since we are talking about a really big amount of money to be use to purchase a house, it will be safer to just put in just half of your money in hand into crypto and another half into bank so that you can have a two way investment into two different ways. It is indeed that investing into crypto is really that promising to foresee buying a house using the money you can earn from investing into a crypto coin. The challenging part is that you must be able to sort out the best crypto to be chosen based on your preference that will suit into you. Better take into consideration for the mean time the top cryptos in the marker if you still cannot sort out what is the best crypto for you. It will just take sometime because every coin do have their own volatility rate but pretty sure everything is worth it and beneficial making you to be able to buy a house worth 40k.

If I will be in his situation, I would also invest only 20% and save the 80%, I won't take risk it all, I would rather work for it and hold some of my income for long term rather than investing the money I have that I am aiming to build my house. Anyway, it depends how much he knows trading, if he's an expert and this is his desire then I won't judge and will support him.

[nekonyun]

I think it's good to save for a long time because coin stable will easily go up if the price of bitcoin is stable and maybe for the next 6 months it has entered the alt party period I recommend the top 5 altcoin top if you want to invest

[bigcash2011]

If you plan to hold the money for minimum 1 to 2 years only then you should keep these funds in crypto like btc or eth because there is high probability that these cryptocurrencies will grow nicely in value yielding nice profits to you while if you want to hold only for few months or you do not want to see any volatility in your amount then you should hold any stablecoin only i recommend usdc.

[the rise]

If you plan to hold the money for minimum 1 to 2 years only then you should keep these funds in crypto like btc or eth because there is high probability that these cryptocurrencies will grow nicely in value yielding nice profits to you while if you want to hold only for few months or you do not want to see any volatility in your amount then you should hold any stablecoin only i recommend usdc.

stable coins or fiat savings at the bank makes no difference. if only the concentration was under 5 years, the inflation rate and so on would actually be more profitable in the bank because interest would accumulate effectively. Savings in btc or eth are also too risky, especially if the trend is the same as this year, then the value will be much reduced and will damage the original plan.

[retnoanjani]

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 are serious? cryptocurrency is more risky, I think, especially if you use the money that you will use for important purposes. Remember the never invest money strategy that you can't afford to lose. If you have analyzed can get 50% profit then your chances of experiencing losses are also comparable, my question: what if you lose and the money is reduced by half?
But if you have prepared mentally to face this risk then never mind. If I choose another path, or use a small portion of the money, not all of it.

[lepbagong]

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?

To be understood for those who want to invest funds for important needs into crypto must be clear-minded and not wrong in analyzing. wherever the name of the investment is a risky job, it is not recommended to fund important needs to be used. if you really want to keep investing you don't need to hesitate to be placed in bitcoin because it can be guaranteed to last. it does not need to panic or be rushed in analyzing, when it's time to sell or buy again later.

[yanto@1977]

I can't say you're gambler, in six month that very funny I ever read. Best advice for you is meet some financial expert to get wise opinion and I believe you'll get something right for your money. You start with wrong step, crypto is not become the main but alternative. There's risk you should handle and maybe get bankrupt. Think twice before too late, saving a house for crypto is really nightmare.

[setialovers]

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?

Saving money in the form of crypto which is supposed to be for a down payment on a house is very dangerous. Even though there is an opportunity for profit, the risk is huge because we could lose and not buy a house with that money. It's better to use idle money to invest in the cryptocurrency market so that we are more calm and enjoy it

[Ducky1]

There is a lot of volatility in the cryptocurrency market, the price can go up and in six months you will increase your investments, but you should also not forget that the price can drop sharply. If you are willing to take a chance, then you need to seriously approach the issue of choosing an investment object, think about which coin to invest.

[ned.ryerson]

There is a lot of volatility in the cryptocurrency market, the price can go up and in six months you will increase your investments, but you should also not forget that the price can drop sharply. If you are willing to take a chance, then you need to seriously approach the issue of choosing an investment object, think about which coin to invest.

Well, such levels that we see now probably will not become even lower many times. the maximum that  can happen with coins - they can fall 2 times from these levels, but I’m sure that the chances of their growth are much higher than the chances of falling

[Meowth05]

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?

Stable coins could be a good option but I would still go for volatile coins but will be limited only on top-ranked coins such as Bitcoin to lessen the risk. I chose volatile coins because in just a matter of time there's a chance for a certain coin to pump by that, I can get a profit by just storing it. However, there's a risk of shrinking its value as well, perhaps this is a matter of risk I'd say. Anyway, storing it on crypto might be a good idea.

[White Christmas]

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?

Investing it into crypto is a good choice but investing all of the 40k that are you talking about is kind of riksy because we all know that cryptocurrency is very volatile in which we cannot predict what would be the market for the next few hours or days, so if the money that you are saving is for your dream house then just keep it or invest a little for cryptocurrency so that you may earn as well, but don't invest all of your money because there is a chance that the crypto may down and the money that you are saving for your dream house may loss. I suggest to invest only a little so that it would not be so hard if you lose.