Saving for a House!

[Congyang]

maybe if you take it in the future I think maybe you should choose crypto coins like bitcoin, because the price increase will definitely be seen. but if you want to choose a stable coin maybe you can choose USDT with the consequence of not getting a profit

[cutesgirl]

maybe if you take it in the future I think maybe you should choose crypto coins like bitcoin, because the price increase will definitely be seen. but if you want to choose a stable coin maybe you can choose USDT with the consequence of not getting a profit

Why do you suggest to choose the USDT, there is no profit to hold the fiat or the stable coin. Instead of investing in the small altcoins, I advise going for the old and prevent altcoin projects due to the low risks. BTC investors should feel safe in all pumps, but the risk/reward is not great considering the higher uptrend for years.

Most profitable choose bitcoin or altcoin than keep holding with USDT, I know you want take less risk by choosing USDT but need higher profit by investing with bitcoin and altcoin when price is up but when crypto price down lost our assets and house. USDT only recommendation for some one want get profit and less risk by investing.

[Twentyonepaylots]

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

I see nothing wrong putting your money with stable coins because the volatility of it is very low or considered none at all. You can keep it on bank or any asset you want to But if you do put it on cryptocurrency, especially stable coins, don't expect to make profit from it. Or if you are really a risk taker and willing to gamble your money in crypto space might as well invest it on bitcoin since it has the most potential to make most of profit out of just holding, half a year is long so maybe you could gain from it however taking consideration with this action is also accepting your potential loss.

[desticy]

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 your $40,000 savings to grow, do not store it in a STABLEcoin. It does not grow in value. You may do so in other coins. I highly recommend that you do it with the top 10 coins, Bitcoin preferably. If altcoins, Ethereum, XRP, or Litecoin will do.

Here is a big warning. If your plan is to save them in crypto for 6 months, there is no guarantee that it will grow. There is even a risk that it will not, and worse fall in value. If that happens, you will be forced to extend that 6 months until you have made gains.

A man wants to keep his savings, not lose. Such advice is all exactly what to go on the edge of a knife. You can not invest money that you are not ready to lose, especially when it's all your savings.
Keep yourself in control, and if you do not want to be in a very difficult situation, it is better to put money in a bank or transfer it to stable coins.

[hirngespenst]

This is a very unique idea, I never thought like this ever! Yes, you can keep your money in USDT or USDC! But why are you not trying on Bitcoin? As you know Bitcoin halving is coming in May and after that, there was a huge chance for Bitcoin to grow! Even your money can be double! Personally, I would recommend you, save your money in Bitcoin and hold it.

[bohr]

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

I cannot blame people that were doing bounties during 2016 and 2017 that thought that they could become bounty hunters for life and make money in that way forever, but markets change, markets evolve and you have to evolve with them or you are going to be left behind, and it is very unlikely that we are going back to those days in which you could make so much money with so little effort so I recommend to you that you find another activity that earns you as much money as bounties did in those days.

[Quidat]

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

I cannot blame people that were doing bounties during 2016 and 2017 that thought that they could become bounty hunters for life and make money in that way forever, but markets change, markets evolve and you have to evolve with them or you are going to be left behind, and it is very unlikely that we are going back to those days in which you could make so much money with so little effort so I recommend to you that you find another activity that earns you as much money as bounties did in those days.

I have that kind of mindset wayback where i do able to make some good money with bounties where i do believe that i would be rich in no time
but same as you said where market isnt the same all the time.It can shift up and down which would cause opposite situations and that time i do
realize that it isnt possible to rely on it alone.Going back on OP's question about saving up your money on crypto? Its a bad idea, even if you do hate
banks then its much more better if you do just put it there specially if you cant afford to lose those amounts.

[nydiacaskey01]

What I am planning now is invest in a pre-selling condominium unit that is located near a commercial area and what I plan to pay for the monthly premium is the coins that I earn from signature campaigns. Its a long-term plan because for the downpayment alone for the condominium unit that I plan to buy is payable in 24 months and its around $180 per month. Maybe after 2 years the price of this condominium unit already increased and sell it even when the unit is not yet turned over to me.

[andika2018]

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 are priced at US Dollars and I think there is no point in investing in stable coins, it's better to keep them in the bank. I think it's too risky to use a down payment on a house to invest in crypto because crypto is high risk. No one can guarantee the price of crypto will rise after 6 months because it could be that the crypto we invest in prices will fall dramatically. It's better to use idle money to invest so that we are more calm and relaxed because crypto price movements are very high

[inanilujimi]

If you just want to save, you don't have to bother taking the risk to invest in a stable coin because it's not really safe for your money, because your address can be hacked. Better in the bank where you live or buy gold.
Crypto space is not as easy as you think, anything can happen without you knowing.

[StephenieDuong]

Putting your saving into crypto might be the bad option now. I believe crypto will grow, but no one can tell you to buy which coins for your safe. This is crypto market and you money can turn to 1 mil dollar or just 1 dollar. I know that you have no knowledge about crypto and you can not even choose the safe coin, do not trust anyone on their suggestion, you might loss all.

[desticy]

In general, stable coins may well be suitable for maintaining the value of your assets. It all depends on what you trust more stability of the banking system or the stability of cryptocurrencies.
Stable coins can be a bad decision if the project responsible for these coins is compromised in one way or another.
Therefore, think carefully about how long you really need a fix, because sometimes a bank is also a good solution.

[arimamib]

Putting your saving into crypto might be the bad option now. I believe crypto will grow, but no one can tell you to buy which coins for your safe. This is crypto market and you money can turn to 1 mil dollar or just 1 dollar. I know that you have no knowledge about crypto and you can not even choose the safe coin, do not trust anyone on their suggestion, you might loss all.

I never suggest investing in the risky crypto market, especially for inexperienced investors. The involved risks are not suitable for everyone's risk tolerance, some investors prefer to take the low-risk trade deals but the reward becomes ridiculously low for the safest coins.

sometimes in investing like that, if the risk is large then sometimes the benefits can be large as well and vice versa, but all investments are based on the ability of investors. maybe those who choose to invest with little risk because of their ability and in our investment are also free to choose where to invest

[luppecuppe]

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?

The thought is good. But kn the other hand, I will advive that you run a 1 year plan instead of 6 months since you cant predict market conditions for now. And when the money increases at anytime over the space of the 1 year, tmyou can cash out. Its safer that way than the 6 month

I think it would be more realistic to make a one-year plan. Making a one-year plan for Bitcoin or Ethereum now makes sense. Prices may go lower. Separate some capital for purchase from low prices. When the ascents arrive, sell at your targeted prices. However, do not invest all your assets in this market only.

[pikkie]

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?

The thought is good. But kn the other hand, I will advive that you run a 1 year plan instead of 6 months since you cant predict market conditions for now. And when the money increases at anytime over the space of the 1 year, tmyou can cash out. Its safer that way than the 6 month

I think it would be more realistic to make a one-year plan. Making a one-year plan for Bitcoin or Ethereum now makes sense. Prices may go lower. Separate some capital for purchase from low prices. When the ascents arrive, sell at your targeted prices. However, do not invest all your assets in this market only.

investment should not all capital money be owned for only one place, it should be divided for various kinds of investments so that your assets will be more numerous and will be fast to be able to get a lot of profit, but a very tough test is to regulate your patience to not be easily influenced by bad news or whatever it is that can make you sell your assets at cheap prices.

[Adriano2010]

As other people say not save all your money on same exchange, app, wallet or what ever is, but if you will build a new house make a calculation and after done put extra 50% of total sum to be sure you have enough to finish it.

[red4slash]

As other people say not save all your money on same exchange, app, wallet or what ever is, but if you will build a new house make a calculation and after done put extra 50% of total sum to be sure you have enough to finish it.

It is important to calculate planning so that it can be structured, if we build a house, we must prepare everything, especially on funds. if the decision is unanimous, then we must do a calculation like this, at least to guard the expenditure of funds to be more organized

[Ekyfitri]

As other people say not save all your money on same exchange, app, wallet or what ever is, but if you will build a new house make a calculation and after done put extra 50% of total sum to be sure you have enough to finish it.

It is important to calculate planning so that it can be structured, if we build a house, we must prepare everything, especially on funds. if the decision is unanimous, then we must do a calculation like this, at least to guard the expenditure of funds to be more organized

but sometimes unexpected expenses occur. and of course, it was all outside the plan. that is what can hinder a plan being prepared with care. no plan will be 100% achieved according to what we want. but we can try to prepare the best.

[sayaya17]

Crypto is very risky with a very volatile price. So in my opinion there is no stable crypto, everything goes up and down quickly. Even if there is, it usually doesn't take long, then the coin will flare up again by itself. So be careful about investing in crypto. Look for coins that can truly give you a profit in a period of 6 months as you expect.

[cassavachips]

This is a risky choice, but why put it on a stable project? better put in bitcoin which is likely you will get profit and can be the opposite. If you want to use the money in the future, you better save it on gold or other investments that have a low risk