Post
Topic
Board Altcoin Discussion
Re: Saving for a House!
by
gwaposakon
on 10/11/2019, 11:12:54 UTC
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.