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.