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Author Topic: Saving for a House!  (Read 2130 times)
ice098
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January 01, 2020, 07:40:24 AM
Last edit: January 01, 2020, 11:02:57 AM by ice098
 #281

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 think if you are saving for your house down it is better for you to save it on the bank for fast and easy transaction. You may use fiat as the kind of monet you will use to buy house, you may also trade if you want , day trading is good also, since market is unstable we cant make a long term trade if you want for a house, but I guess bitcoin is good for trading.

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January 01, 2020, 08:05:40 AM
 #282

If you want to earn interest on your USD equivalent in stablecoins, the best option is to check CoinMarketCap | Interest section. There are many different investment options - for example, you can earn 6% per year on Crypto.com in USDT.
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January 19, 2020, 10:10:41 PM
 #283

There's a lot of risk investing your money on cryptocurrency and you need to know how to trad first before you put your money savings and you might lose it and it's going to be difficult to recover. And it will also depend on what coin you're going to buy, but if you really want to spend your money then just choose Bitcoin because I think it's very stable and the value of last 2017 really sky-rocketing and it might pump up by next yeara

 
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January 19, 2020, 10:45:43 PM
 #284

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 think this should be enough to complete a simple, classic house. You may not necessarily save everything in the bank and neither should you do that with any stable coin. Also, you should think of the one that will be more comfortable for you to do. My personally decision would be that Stablecoin is much better i n all wise.
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January 20, 2020, 07:26:37 AM
 #285

I think it is not appropriate to buy stable coins, if you choose so, it is better to send a bank and receive annual profits because the cryptocurrency market is now quite risky, so if you want to use the money to buy cryptocurrency, you should keep the top coins, I can suggest you 3 potential coins: bitcoin, eth and bnb, the choice is yours

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January 20, 2020, 10:24:23 AM
 #286

I think stable coin is the best option to store your money as fame of cryptocurrency is getting an attention. But if you want to trade in the cryptocurrency with the money you have, you can do it with bitcoin. Bitcoin is the best investment opportunity other than altcoins. So you can restore your money in any good stable coin.

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January 20, 2020, 11:10:42 AM
 #287

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?

That is a great plan on saving up money for the sake of buying or building your own house. But the amount you have said which is $40,000 is too much and really a large amount of money to be invested in cryptocurrency. It is very risky move and decision to make because maybe you will make a wrong decision of investing it into wrong or let us just say unworthy cryptos that has no future or potential of growing in terms of price. If you will do such, you might just regret because maybe instead of growing your money, it will go another way around. If you were planning to invest into crypto, do not go all out, just invest the amount you can afford to loose and assure that you are investing into potential coins so that the long wait will be worthy. If you do not entrust banks for your money, better keep it in your own possession and just ensure its safety not to be stolen by other people. Upon investment, just invest small amounts at first and do not go all out in just one time.

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January 20, 2020, 11:32:48 AM
 #288

There's a lot of risk investing your money on cryptocurrency and you need to know how to trad first before you put your money savings and you might lose it and it's going to be difficult to recover. And it will also depend on what coin you're going to buy, but if you really want to spend your money then just choose Bitcoin because I think it's very stable and the value of last 2017 really sky-rocketing and it might pump up by next yeara

I don't think there is a risk in cryptocurrency. And for me personally, investing in bitcoin is the right decision because we know that bitcoin is a good coin and has a great opportunity to be able to benefit. But if the OP only wants to invest into cryptocurrency in stable coins, I don't think it's a wrong decision but remember that investing or putting your money here is very risky and for me personally I would prefer to keep my money in a bank and use some of that money to generate profits in cryptocurrency.

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January 20, 2020, 11:57:54 AM
 #289

Actually your decision is good but you have to think about the risks you will face, but if you choose the right stable coin everything will be fine and depends on the market situation.
but if you target within 6 months there is no guarantee it will be profitable, you should target at least 1 year and choose a bitcon which in my opinion for a year there will definitely be a good price for bitcoin.

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January 20, 2020, 01:04:31 PM
 #290

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?
woah, that is huge amount of money better to secure your money house is in the line, if i were you i will just invest it in bank, research carefully before making a decision, storing it in crypto is risky.

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January 20, 2020, 02:33:59 PM
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Because you are in a bitcoin forum, I will advise not to put into stable coin of course search for a crypto that you think the value of your money will grow in 6 months its not bear market anymore so we are in uptrend position at this time and most advises I can see is buy bitcoin its too risky since the money is reserve for something really important but the chance of getting a nice profit is big Im also more confident saving my money into crypto now instead on a bank.

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January 20, 2020, 03:47:36 PM
 #292

Because you are in a bitcoin forum, I will advise not to put into stable coin of course search for a crypto that you think the value of your money will grow in 6 months its not bear market anymore so we are in uptrend position at this time and most advises I can see is buy bitcoin its too risky since the money is reserve for something really important but the chance of getting a nice profit is big Im also more confident saving my money into crypto now instead on a bank.
Have you ever tried to use any altcoins because if I were to ask I am only using bitcoin because I think it is the best bitcoins at all times. I dont have the chance to try any other altcoins because I think the other coins are trashcoins. But soon I'm gonna try those coins for experience only. In my account I am saving a lot of bitcoins and I am just convert some of these whenever zi need.

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GREENch
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January 20, 2020, 07:12:58 PM
 #293

Storing them in crypto is a very good idea because the profit in crypto saving is very high in a sort time period especially in the current timing when the halving period is ahead. It is sure that in the coming halving the price of BTC will be very high that it can reach to a double price or more of the current value of bitcoin.
It is easy to advise when you do not risk anything)) And what you have given as (so-called) arguments is very unconvincing. If TS asks such a question, it is 95% likely that it is poorly oriented in cryptocurrencies. Therefore, for him, familiarity with crypto can be very sad.
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January 20, 2020, 08:51:08 PM
 #294

There's a lot of risk investing your money on cryptocurrency and you need to know how to trad first before you put your money savings and you might lose it and it's going to be difficult to recover. And it will also depend on what coin you're going to buy, but if you really want to spend your money then just choose Bitcoin because I think it's very stable and the value of last 2017 really sky-rocketing and it might pump up by next yeara

I don't think there is a risk in cryptocurrency. And for me personally, investing in bitcoin is the right decision because we know that bitcoin is a good coin and has a great opportunity to be able to benefit. But if the OP only wants to invest into cryptocurrency in stable coins, I don't think it's a wrong decision but remember that investing or putting your money here is very risky and for me personally I would prefer to keep my money in a bank and use some of that money to generate profits in cryptocurrency.

Investing in cryptocurrency has maybe been a risk. And taking that risk will take you to success because if you take risks with your knowledge about investing and taking care of your money there is no such thing that you can lose your money if you are really knowledgeable in decisions you are making. There are some risks that your money may be lost because you choose some coins that are not profitable. With the information you got in a particular token you don't need to worry about your money if you actually study well.

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January 20, 2020, 10:18:35 PM
 #295

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?

Why do you keep money on stable coins? it will not make you profit the same as saving money in the bank to trade full of risk but a big profit will be obtained if you can analyze your profits in this crypto

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kesmex
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January 20, 2020, 10:22:18 PM
 #296

save cryptocurrency and if PUMP occurs then sell, if you have the profit save that profit on FIAT and buy a house, you won't regret it later, hopefully it can happen

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January 21, 2020, 01:43:08 AM
 #297

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?
Stablecoin can't overcome more than 1 dollars. Your 40k USD coin will be 40k after any cryptocurrency situation before bullrun. Before bull market your 40k USD should invest into top coin like Bitcoin. After may Bitcoin halving effect will show pump, how did good last year Litecoin
Speaking of stablecoin, if you going to use your 40k usd as your investment it will still remain at 40k usd after many months. For me, if you going to invest that amount of money and you don't want to lose even single penny maybe try to find a good coins which help you to maintain your capital but can help you to earn income. Yet, it still depend on the situation of the market. We really don't know when will be the bull run started and it's up you if you going to risk that money in Bitcoin and if ever you do it make sure are ready for the consequence because there is only a small chance that after the halving the market will pump.
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January 21, 2020, 03:18:08 AM
 #298

investing in crypto is profitable but you should be aware cause there is a high risk too, My opinion is invest a portion of your money on crypto and keep the rest amount on bank where you want.
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February 12, 2020, 08:42:23 PM
 #299

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?

Too risky imho. Diversify, use crypto: bitcoin, main altcoins, tether and some other stable coins which you like best. But I wouldn't store you whole savings in crypto - 30% maximum, if you are risky enough.

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March 09, 2020, 06:38:49 PM
 #300

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 I have money then I will invest in Bitcoin. because I strongly believe that bitcoin is the future of money that is needed by many people throughout the country. bitcoin will have fantastic value in the future. and I believe it because I have seen the development of bitcoin from year to year until now. bitcoin is still being hunted and sought after by many people.

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