Saving money to buy a house these days can be an unattainable goal in the real world for most people, but Bitcoin can be your best life hack to help you get there. Bitcoin can be better to hold over the long term than a house you're not currently living in(investment property) because it has a better return and it doesn't need expensive maintenance overtime, but it makes a lot of sense to use Bitcoin as the Giga savings vehicle that it is to help you buy a nice house to raise your family.
The process is pretty simple but the time period has to be at least 5 to 10 years due to possible massive drawdowns, that's why it's important to first study what Bitcoin really is before you put in a dime. Bitcoin is scarce because of its limited supply and its decreasing supply schedule(Supply cut in half every 4years), in contrast to others currencies that have an unlimited supply trending to infinity. Here is the Bitcoin monetary policy that cannot be changed since the genesis block.
While you may feel safe with your money on the bank account but, they are giving you only 0.01% a year on that money which is only $5 on $10,000 and you're also losing at least 15% through real inflation, that's the rate the currency(dollar or your other fiat) is losing value against valuable things you want to buy like a house. This is where Bitcoin comes in to rescue your money, Bitcoin has an average return of 50% a year in the pass 5 years. That means you're getting $115,804 over a period of 5 years on only $10,000.00 initial savings, you can do the math here.
The Bitcoin Saving process is very simple: you simply need to buy small portion of bitcoin each time you get paid or when you have some extra cash available for saving. This is called DCA(Dollar Cost Averaging), you can go ahead and try this yourself on this online calculator at DCA BTC set your goal amount, time period and set the amount you can afford on the frequency you can like: daily, weekly or monthly.
I hope you found value into this, I had a lot of fun creating it. Success on your Bitcoin savings goals! And I hope you buy a house you and your family enjoy living in.
