Quote from: cahbagus555 on November 16, 2019, 01:16:17 AM

Quote from: Nwaka20 on November 15, 2019, 10:31:22 PM

Personally i believe you are taking a big risk saving such huge amount for a project in Cryptocurrency. Investing in Cryptocurrency is highly risky especially when the money is for something as crucial as a house. The market can't be predicted at all. Stable coins should be the best option if at all you want to save in crypto

Agree with this opinion, it is too risky to invest all of the down payment on a house to invest in the cryptocurrency market. Crypto is difficult to predict when the price goes up, it could be in the next 6 months the price of crypto goes up but it can also go down. In my opinion, it's safer to invest using funds we can afford to lose so we are more relaxed

Investing with the money can lose will make our psychology more comfortable when dealing and not under financial pressure. I think this is something that any investor should do to protect their assets best. If you are lucky enough to make a good profit, you should save 2% to 5% and switch to stable coins for more safety. It may not help you buy a home, but you will definitely need to use it in emergencies.

Personally, I spend a lot of time managing my investment and always keep a savings for my family or if something goes wrong. We cannot guarantee anything in this market so the savings are still much better.