Bitcoin Forum

Glancing through the article https://cointelegraph.com/news/bitcoin-rent-agreement-argentina-landlord-tenant one would conclude adoption is striving in Argentina. Paying for a house with bitcoin sounds to me a mistake or lack of financial knowledge. Bitcoin is better than Fiat. Bitcoin increases in value and fiat faces inflation. Why then would one spend Bitcoin instead of fiat on a house rent which may expire in few years? Accommodating the Bitcoin can birth the person more money to pay his next house rent. But fiat wouldn't add any interest in the bank. Moreover the house owner will not hold the Bitcoin.

Why would it be a financial mistake to ever spend bitcoin?

The point here is that you have a place to store your wealth without the risks of holding a hyper-inflating currency. And you have the option to "debank" yourself in Argentina. It gives more options and more freedom. Nothing wrong about it.

Paying house rent with bitcoin is a good thing and not a bad idea. You are using the current value of bitcoin, both in price and market value, to determine what you are going to pay for, and I don't see anything wrong with that.
 
Paying with fiat in the same amount total and also paying with bitcoin is still the same thing, provided that you and the landlord have a mutual agreement. If you have some bitcoin to spend, you can just pay it and let go, and you can always convert that fiat to bitcoin anytime you want and hold it as long as you want.
 
Mind you, there is no guarantee that the bitcoin price will keep its value as of when you pay the money, and till that time next year, the price might double, no doubt, or the price might also drop in value, which the landlord might be recording some loss if it has not yet sold out.

depends how it is done

if you sell high buy low (accumulate via shorting your own stash(no margin no leverage no futures)) you can pay with the excess gains while retaining the main principle
also some people in argentina may have relatives working in america where the american relatives work for fiat. convert to btc and remit btc to their argentinian relatives landlord


however if you are a bitcoin investor and if you are doing the opposite of DCA where you are just depleting your stash each month. then not so much a good plan

If Bitcoin is used as money and treated as money, that presupposes active exchange of Bitcoin for goods and services. So paying the rent with Bitcoin makes sense from this perspective, and there's nothing bad about it. I think I'd be down to pay my rent in Bitcoin if it was accepted, but it's not, so I use fiat for that. Allowing monthly rent to be paid in Bitcoin can be a step toward accepting Bitcoin as legal tender in Argentina. It makes people more used to the idea of Bitcoin as a type of money, and it's beneficial for landlords if not tenants. Actually, it can be good for tenants, too, if it motivates them to adopt Bitcoin wider and to accumulate it regularly, instead of doing that with fiat.

Why not? real estate price is always increase too.

Since the government ask the citizen to declare their total holdings, if not they will need to pay bigger tax, I guess this makes him want to spend his coins.

I guess this is just a diversification, that's fine even though he can't maximize his profit during the new Bitcoin's ATH.

People buy houses, buy cars, book hotels, pay for flight, pay for cruise, pay tuition fees in Bitcoin. So why would paying house rent in Bitcoin be a financial mistake? Bitcoin is a medium of exchange and can do what fiat does. Choosing to pay the landlord in bitcoin will not make the tenant go broke or make him not accumulate more Bitcoin for himself. It's very likely the tenant earns in Bitcoin and also I think the purpose of news is to encourage people to start accepting cryptocurrency in the country.

It is a matter of choice whether the both party agreed to receive payment in fiat or bitcoin the major problems should be that since bitcoin is not legalized over there let it not lead into problems maybe who knows if it was prohibited over there or not. I don't care whatever someone uses his bitcoin to do, bitcoin is meant for spending and it's serving it purpose and no one should held down for spending their bitcoin and if i may asked do you know how much bitcoin is in his possession? Someone may have some thousands of bitcoin and decides to be spending them whenever or however he wants without anyone limiting him.

If you think this is not appropriate, how do you expect a massive adoption? Isn't it too simple a thing? If no one pays using Bitcoin, your Bitcoin will stay in a wallet and there won't be an increase in demand. I have said this many times already in several threads. If people do not use Bitcoin to pay for their regular expenses, why would some companies adopt Bitcoin?

Tesla started accepting Bitcoin a couple of years ago, I don't know if they stopped accepting Bitcoin or not. But let's say they still accept Bitcoin but nobody paying them using Bitcoin. So, what is the benefit of that adoption? This is the simple thing people have to think about.

Where did you go wrong paying for your house with Bitcoin? Bitcoin is a type of currency with an electronic system so it is not wrong if people use Bitcoin to spend it, such as paying for a house or other payments like currency.
To me people paying for a house using Bitcoin doesn't sound strange and isn't like a mistake because they use Bitcoin as a currency function.

Still the same, for me Bitcoin is an alternative currency so there is nothing wrong with people spending it. Because Bitcoin is an asset that is able to maintain a hedge, so for users who use it as an investment asset it sounds like a mistake if someone uses Bitcoin as a means of paying because it can still be done to pay for a house using fiat currency.

My conclusion is that they are not wrong in using Bitcoin to pay for whatever they need with Bitcoin because Bitcoin is a currency that can be used as an investment asset for those who want to expect profits when the price experiences a large increase.

Well, putting aside that Bitcoin is a volatile asset that can also go down in value as well as up, the question would be, "what problem would this solve"?

In other words, how would this be any different than converting your Bitcoin to the sovereign currency and paying with that instead--something that could be accomplished in a few minutes?

In the real world, Bitcoin is an investment, not a currency. For transactions, no cryptocurrency can even remotely rival the efficiency of the worldwide credit card and banking system, let alone a pure digital currency (https://haypenny.net/) specifically designed for efficient transactions.

That depends on the landlord if they are Bitcoin lovers or enthusiasts. And the tenants he will hire must also know about the Bitcoin concept; if not, I think it will be more favorable to the house renter for sure.

That's why they only run into problems when there is congestion in the Bitcoin network. Maybe when there is such a congestion problem with the transaction fee, it is possible to pay him temporarily in cash for his house rent. So, therefore, this method is good because the landlord of Bitcoin can accumulate Bitcoin.

I hope this house rent payment in Bitcoin will not lead to a similar case of . A man buys a Ferrari with bitcoin and gets an 18-month prison sentence.  (https://blockworks.co/news/prison-time-buying-car-with-bitcoin)

The guy in question enters into a business agreement with someone paying a large sum of money in bitcoin, which the seller did not exchange immediately. After some time, she noticed the price was reducing, was taught it was fraud, and decided to file a law suit against the buyer.
 
Unless the landlord and the tenant reach an agreement that whatever the value and price of bitcoin turns out to be tomorrow, it will no longer be the concern of the tenant, as the landlord will be responsible for both the profit and loss that will come afterward.
 
We should look at this before talking about whether it's right or wrong to pay rent in bitcoin.

I don't think it's a mistake. Especially if the person works for bitcoin or has a significant stash of it. Converting it to fiat would lose them a few percent, that's usually the case. If you are thinking about not spending your bitcoin because the price of it will increase in the future, you could find yourself in an endless loop where you never spend any coins expecting a higher and higher value.

I am guilty of saving too much of my bitcoin myself, but if no one was willing to spend it, it wouldn't look good and interest might drop, and with it, the price.

This case is different, BTC and other digital assets are banned in Morocco and that is the region where this happened, the man who was sentenced to prison was also accused of a separate fraud charge as can be found in the link you shared.
In this case BTC is legal in Argentina and their new president is also pro BTC and crypto. The landlord and the tenant in this case have also entered a rental agreement, so it is a sealed contract.

I don't think appropriate is the right word, what I think it should be is available since there's the implication of options but to me, I do believe that it's a bit difficult to do that anyway, I don't think paying your rent with bitcoin is going to do you any favor, bitcoin is almost like an asset already so I don't think that it's a good idea to use it for your rent, you'll only going to make the landlord more richer than you and you will end up with nothing but regret when the price starts going up so word of advice, don't do it.

If I were the landlord, I will gonna accept it because that's one thing to have when you want to convert some of your money to bitcoins and you don't need to worry about converting anymore seems the tenant has already done it for you. Most of the people who have such luxuries in their lives are capable of not using the rent payment forever because they have multiple sources of income and they can just simply use the other sources to fund their essential needs in life and continue to accept Bitcoin payments from tenants and I'm sure not all of them will be able to do that and they can still accept fiat from others as well if they really need it to.

What if that same bitcoin you're having is going dip in the market price after which the payment is being made, am sure what you will use in making payments for your house rent will be lower to what your portfolio contains, are you not using the same bitcoin to exchange it for fiat with the same worth of value in USD, this is more of a decision on wether the landlord wishes to accept bitcoin payment or not, while on either of his decision doesn't affect you for any reason, remember that bitcoin is a volatile cryptocurrency, while you hodl, it can rise and fall, same as well after you make a payment with it.

Using bitcoin to pay for house rent is not a financial mistake, it is almost the same as paying with your local currency because they both have same value as at the time of spending them. What if you only hold bitcoin, how can you pay your rent? Are you going to convert the bitcoin into fiat before paying your rent or you will rather spend the bitcoin you have?

I am not seeing this scenario as a bad action on financial aspect, the landlord might not even hold the bitcoin for long, therefore it is not a bad idea because we can only spend what you have be it bitcoin or fiat.

Yes, I also agree that, people need to seriously treat Bitcoins as digital asset. Spending Bitcoins unnecessarily is not at all good for them. They are giving away these high valued coins without any second thought. This proves that the guy who is living in rent don’t have any good knowledge about Bitcoins or don’t know the value and capabilities of it. Nevertheless, we can’t do anything if he has declared him fool infront of everyone.

I will be pleased that my landlord is receiving Bitcoin as payment for rent if I earn in Bitcoin. This will save me the cost of changing it to fiat and transferring it to my landlord. I am happy to hear such news coming from Argentina a few months after a Bitcoin-friendly law was enacted. Gradually Bitcoin adoption is improving in the second biggest economy in Latin America.    

Bitcoin is legal in Argentina. There is a current law that endorses the use of Bitcoin in legally binding contracts and it is now recognised by Argentine courts. This further entails that Bitcoin is recognised as a valid currency in official contracts. So this agreement between the landlord and tenant is backed by the law.  

Why is it not appropriate? You shouldn't be asking us this question though, to find out you need to ask the landlord yourself, if they will accept Bitcoin is their decision to make, but honestly I believe it will be hard to come by such people.

Your building owner must know what Bitcoin is before they can start accepting, and honestly it might not be good for them, if you are not the only tenant why would they accept Bitcoin from you? Like I have said though, it's their decision, not yours.

if I build a home to rent out I don't think I will accept Bitcoin as means of payment for some reasons, one is the security aspect, people look crypto investors as extremely rich people, they can decide to do some bad things, also if some disagreement happen between the two of you, you will end up exposing yourself even more by trying to prove that he paid you with Bitcoin.

There is no scope to treate negatively for paying house rent by bitcoin. You can pay your house rent or anything else exchangable. Paying or transacting anything with Bitcoin is not a bad thing. You may be implying that Bitcoin is currently a valuable asset that is better held rather than put to other uses. Because holding it has a chance to multiply that amount according to the probability.

Of course those who are holding bitcoins should try to keep their bitcoins at that level and then sell them. I have no loss if I pay the equivalent of fiat money in bitcoins. If you have money you can buy bitcoins. Also, you need to understand that you cannot keep all of your earnings from Bitcoin. You must keep some money for expenses.

Although it might not be a smart decision to pay for the house rent with Bitcoin but your reason is not right in my view. So, let me start with my reason for the move not being the smartest. I believe that fiat is the best when it comes to such payments because it will save you the transaction fee to send it and the conversion fee as well. This is more important if the person is earning in fiat and not in Bitcoin, but if the person is earning in Bitcoin, the issue is lessened even though he will still pay more if my style of transaction is used to judge it which I believe is the same with everyone.

But with your reasons, you never considered the opposite as well. Let's take it one after the other. You claimed that Bitcoin increases in value, can't it also decrease? There are times that are best for someone to even liquidate much of their Bitcoin to avoid too many financial losses, especially during the bearish season of the coin. This season lasted more than the bullish season, so it is all about awareness and good planning. Also about the one-year house rent remark, what if Bitcoin falls through the year, or has it not happened before? It will definitely be a saver for the renter to pay in Bitcoin this season as the asset would have entirely been devalued throughout the year. It could even be worse if Bitcoin falls for over 2 years and the person spends nothing, which I believe is not wise.

There are best times to consider all that you have hinted but not when the coin is in its losing season. If cleverly planned, the ones spent on the rent could be reinvested at a lower price when the bullish trend has kickstarted again. This looks smarter to me than preserving one's Bitcoin all the time even as it has its depreciating time.

I don't think renting is the way to go if we want to achieve financial freedom. There are benefits for renting and it gives more freedom, but long term owning a property should pay off much more financially. The best would be if we can get a house or big apartment for one bitcoin in our country. It's nice to live inside your own walls as long as the bitcoin price is not reaching a new ATH. If the price jumps up another 30-40k USD you could have bought an even bigger house. That is why I would never sell all my coins, I made this mistake in the past and will never do it again. If I had one BTC today I would sell at most 35-45% of it to make the down payment for an apartment. The rest I am definitely going to keep holding. As for my country, it would be possible to buy a new car for that money right nor, but it doesn't make any financial sense. A new car loses it value so fast and there is no upside potential with owning a new car compared to my current car. With real estate we can have a huge upside potential if we buy at the right time and hold it long enough. Its all about what we think is going to perform better in the near future.

Why are people finding it so hard to understand that Bitcoin is not just an asset but also a currency? I don’t see anything bad in using Bitcoin as a currency, this should be its primary purpose. People who claim otherwise are only feeding the narrative that Bitcoin is just one form of digital gold. We want bitcoin to be accepted as legal tender in our countries but are unwilling to spend bitcoins in the marketplace. What will the future of Bitcoin look like if everyone decide to hodl Bitcoin and not spend it?

Bitcoin was created or meant of its existence on having that p2p transaction on which there would really be no 3rd party intervention on which it isnt really that bad for it to be used into these kind of transactions as long both parties do really have that kind of agreement on which it would really be totally that giving that real essence of its existence. Although people would really be that skeptical on doing it because we do know that when it comes to increasing value then we do really know that it could really that possibly be able to increase into the future years to come on which it would be that normal that we would really be having those impressions that it is really just that a waste if we would really be making use of it on the time that we could really be able to make use when it comes to fiat on which i could say that it is really just that right that as much as possible
then we could really be able to make use of it and would be more worth if we would be holding our Bitcoin and make use of fiat as much as possible even into these kind of casual transactions on which it would be
much more worth or better.

I don't think there's anything wrong with paying rent using Bitcoin. And there is no difference in paying house rent using Bitcoin or fiat because the nominal price to be paid remains the same and according to the agreement, and both parties have a Bitcoin wallet for transactions.
Maybe Bitcoin is faster than a bank transfer, and maybe it's also faster than a bag full of cash, assuming it's worth the math. Bitcoin is a transaction that makes up for the shortcomings of fiat and is also more secure, transparent and convenient.
You must support Bitcoin being used as a means of paying for house rent and so on, because adoption is what must be done so that everyone knows about Bitcoin, both its functions and benefits.

The paradox with Bitcoin is that while it had many unique features compared to other formed of money, people don't want to spend it.
If your source of income is in dollars, you'd rather want to spend them as they are they inflationary form of currency that's going around.

The so called 'stacking sats' mentality is prevalent among bircoiners for a reason. Bitcoin being non-ifationary gives more of an incentive to be held than to be spent. So really buying a house with BTC to most would sound absurd. Is it advisable though? Highly depends on each person's financial status. Can't answer this question on a general frame imho.

True. even myself would really be that skeptical on making use of my Bitcoin into those transactions on which i could really definitely be able to do on paying up fiat, just like you've said that
we would definitely be able to see about its potential on rising up its value overtime on which it is really just that a waste that you would really be making use of your own coins on which
you do know or wary that it could increase up its value over time. It would be more worth if you do just simply hold it and accumulate it on which it would be that something beneficial
in the future.

Yes, when it comes to its utility or usage then it is really that meant for circulation but it would be that a wasteful thing that you would really be missing out on making
money or profits on just simply holding it.This is why it would be best that you should really be going into those things on which it would benefit you.

LOL, calling Bitcoin "non-inflationary" is like calling sports betting "non-inflationary".

I think it's a thing of choice and like you said there need to be a consensus agreement between the tenant and the landlord as to whether he's ready to accept the mode of payment. Bitcoin is just like any other currency and if that's the only asset you have in your wallet, you can decide to offer it to the landlord if he's okay by it. Otherwise, you can just swap it to his most preferred currency and send it to him. For instance, if I was the one, if after asking the landlord, he agrees to it, I can decide to send it to him via USDT since he may want to have it valued in a more stable currency or something as equivalent as the dollar.

Yet, it all depends on the value of the house rent. Let's say for an example, let's say my house rent is calculated monthly and I'm meant to pay just around 65$ monthly which is equivalent to 0.001492 BTC, I will personally request that I send him the money in USDT rather than sending him in Bitcoin so that we don't have issues of miscalculation with the landlord. It is solely for that reason.
 

You know everything boils down to the relationship established by the landlord to the tenants which is majorly their understanding of themselves. If both of them (the tenant and the landlord) do agree with the knowledge of the volatility of the bitcoin market and agree not to hold each other responsible when there's market fall or rise, whether bitcoin faces a bull or bear run, but agree on working with making the payment with the value of the bitcoin market whether up or down, then, they can go ahead with the payment in current bitcoin market price, whether it is monthly or yearly and whether profitable or non-profit.

From the perspective of Bitcoin as a currency, it is not wrong for people to pay house rent with Bitcoin. From the perspective of Bitcoin as an investment, it might be a shame if an asset that has value is paid for in rent.
In countries that allow Bitcoin as a means of payment, Bitcoin can be used according to individual wishes if they think using Bitcoin is a better thing to do, of course it is not a strange thing because Bitcoin is a currency of freedom with a system that makes it easy.

Good why op killing himself over a thing that is legalized in argentina, though few moments after I made that post I went on to make research and I noticed it was legalized when a tenant is paying his rent with bitcoin that should be a thing of Joy at least we are now using BTC for its purpose.
The reason why I see op getting disturbed is for a reason that he was seeing bitcoin only on investment aspect of it, if that he took bitcoin priory to its creation and main purpose there isn't a  time op could have got this mindset to say the tenant wouldn't have paid his rent through bitcoin instead fiat.

I don't think spending Bitcoin anytime is a bad thing because it was not created for only investment purposes; it was created to serve as an alternative to fiat currency to make transactions so easy for people and for privacy. So what is wrong with spending Bitcoin anytime you feel like spending it?
 
Paying expenses with Bitcoin or fiat currency I see it as the same unless the transaction fees are high, because if you decide to spend 1 bitcoin, it is still going to be equal to fiat currency at the time you decide to spend it.
 
And by the way, if it was only Bitcoin that the person had at that period of time that he wanted to pay house rent, what do you want the person to do? He should not pay house rent, or what? Investing in Bitcoin is a great thing, and spending it is also not bad.

He is spending bitcoins directly instead of converting them to fiat, which is good for him as his house owner accepts bitcoins as a payment method. How it would be a financial mistake? He is making money from bitcoins to meet their expenses and at the month's end, he is paying through bitcoins. Simple!

The way I interpreted that post was, "HODL!!!"  :D

That is the "advice" I would give anybody who holds a financial instrument that I am invested in: hold everything and buy some more! Make my asset go up in value, damn you! :)

Some people that are into bitcoin don’t really understand what bitcoin is all about, they don’t know the purpose why bitcoin was created, everyone thinks bitcoin was created just for people to invest and hold, if people are just holding bitcoins, then it’s not serving the purpose why it was created. Bitcoin is a currency which is suppose to be used for transactions, if you are paying for house rent, and your landlord decides to accept bitcoin and payment method, then if you are having bitcoin, you can pay with bitcoin, that’s the main reason why bitcoin was created, it should serve as alternative payment method to fiat currency, but if you keep on holding without spending, it’s not really making sense, am not asking you not to hold, but you should Have bitcoin which you will be using to make transactions.

But Bitcoin (and cryptos generally) suck at transactions :D. Maybe that's why people don't use it that way.

But people love investing in it, so... here we are.

Exactly, I second you with that, the thing is some investors in bitcoin or bitcoin holders is being eaten by the phrase of "HODL" the thing is we are all not the same, maybe some afford to just their asset seated and waiting for a right time to sell without worrying about the daily expenses or money to buy the things they have, but we are all not the same, some will make sacrifices by either selling their bitcoin to make it for paying for the things they want and best example is the house, how could it be a mistake? We all have a reason why we do crypto currency things, maybe that person doesn't have any other means to pay rent for the house, lets not judge them.

At some point I agree with the OP if its for rent why the person in the article can't pay using fiat, maybe he doesn't have a stable income, just like him I would use my bitcoin asset if only I can buy a house at full price.

Spending up your coins on something that you can pay up with fiat? It is really just that too wasteful on doing so. You are really just that wasting up your opportunity on making profits or making money
on just simply holding cause you are really that actively spending up your coins on something which could really be done with fiat. If you are really that having that kind of adoption and recognition kind of concern
on which you are tending to make out some exposure then its your choice but if you are really that longing for making money then holding and accumulating Bitcoin would be the key.

Talking about being appropriate then its actually that there's no one could be able to tell on what you should gonna do with your coins that you have bought whether on Bitcoin or with some altcoins because
its your money that had been used and its none other business on what are the decisions that you would gonna do. So it would really be on your personal choice
whether you should really be that doing the other act or not basing up into your own interest and liking.

Isn't that a good thing for bitcoin? Though it may look like it's a wrong decision for a holders/investors' point of view, but it is actually what bitcoin needs to be to increase it's adoption. If none are willing to pay using bitcoin, do you think more merchants starts allowing bitcoin payments? I'm pretty sure it is not a mistake, as the person paying is most probably aware of the fact that bitcoin is volatile, anytime it may increase or decrease it's value. This person could also afford in paying using his bitcoin and most of us aren't including you, so what made you think he lack's financial knowledge when he can afford spending it?
He's actually paying less fractions of bitcoin when the value is high, have we ever thought about that?

Bitcoin is not only an investment but also a currency. It has liquidity, meaning you can easily buy or sell it on the market, so it's not a problem if you pay with it - you can always compensate by buying more BTC with fiat. And in fact it's good to pay with BTC, because it gives BTC more value as it increases its adoption.

Argentina have been one of the Bitcoin friendly country and this have shown in the kind of steps taken within the countries that conote the idea of Bitcoin friendliness in all areas, and for sure it has been a awesome experience for those living in that country since they are able to carry out different transaction and with a wider Bitcoin acceptance ratio, so if the real estate in Argentina have dive into this young growing cryptocurrency industry by adopting Bitcoin for payment for rent and lease, this is no longer a big news as last ng as Argentina is concerned.


We have more trending adoption aspects in Argentina, that is more attractive than real estate in terms of Bitcoin usage, some such as Bitcoin pos and gas stations already doing Bitcoin transaction.

It's because Bitcoin is money and it should be spent and used. While it's a common use today as a store of value, everyone is free to use it whether for investments or just by simply buying those stuff such as material things and like this, paying rent. The original design of Bitcoin is to be used as a P2P electronic money but because of the feature that it has got for having finite supply, that makes it as a good store of value or asset.

That's a true comparison, the value of Bitcoin increases as it is a deflationary currency whilst fiat, it's always gonna be hit by the inflation. But on this matter, we even like to see more merchants, stores, companies, etc. to accept payment in Bitcoin. It is for the sake of adoption but because of the fees currently, one has to delay that if s/he can't afford to pay that fee for the transaction.

I guess you only think of bitcoin as an investment and would rather hold it than use it as a means of exchange

I personally do not think that it is a bad idea I think this is a step forward to adapting bitcoin as the mainstream currency let us say this person bought bitcoin at a lower price and now that it has increased, he was able to pay the appropriate amount of bitcoin for his rent so most likely he had  a little money but was able to pay rent

That would be a good idea but the way the mind of some of us works, I don't think that we're going to like the idea of paying rent with bitcoin, now I'm not all the way a no go for this idea though, if it's a rent to own kind of deal and I'm getting a discount from using bitcoins to pay rent then I'm going to go for it because the investment right there is the property which you can probably sell more in the future when you finally own it.

No doubt, paying rent with bitcoin would be one of the most beautiful thing if it is generally accepted by the client and his or her landlord, this in general would not only be seen as payment of bills but also a good way of increasing the knowledge of investments and how bitcoin works.


In most African countries today the use of fiat payment is still the top lead among other types of payments methods in anything involving the payment of bills.

In as much as payment with bitcoin is good, one should also take note that it is also subjected to rise and fail.

Have you forgotten that bitcoin is a form of money? If we were talking about a person spending their bitcoin in something they do not need and that has no use at all, you may have a point that this is a bad idea, since they would be exchanging their bitcoin for nothing.

But using bitcoin to buy a house is a good move, everyone needs a place to live, and if you do not own a house at the moment buying one is without a doubt a need, now it is true you could have made more money by keeping that bitcoin on your wallet, but the whole point of accumulating wealth is to use it when you need it, and this is the perfect example of this.

Isn't the main reason why Bitcoin was created so it could be an alternative currency? A currency better than any other currency the world has ever seen? So what's the point of having a currency if it's a bad idea to use it and pay for stuff?
As long as the person accepts Bitcoin as a means of receiving payment then I don't see it as a mistake.

The investment side of Bitcoin is just a bonus and this shows how superior it is to other currencies.
People invest in dollars, pounds, Euro.
Some people buy dollars and pounds to hold, the difference is, that they can't nearly as much as someone who holds Bitcoin.
In my country several people buy dollars and hold them because of the rate at which our local currency devalues, so they make a profit out of that investment.
What forex traders do is similar to what Bitcoin or crypto traders do.
So Bitcoin is a currency, but a currency owned and controlled by no entity. So if you can make payment in Bitcoin you're only achieving the actual goal of Bitcoin's creation.

I prefer also to hold than use it as a means of payment because using it as a means of payment will only favor those that are receiving b because they will want to hold and whenever it is increasing then they will be profit made on it so, in that case, I will rather keep and sped fait that spends my investment because that is how I see it just imagine after spending your bitcoin and the price that goes up how will you feel the only time I can spend my bitcoin is when there is no alternative and the bank network is having issues and I would only spend little out of it. I can not pay my house rent with my Bitcoin it won't be possible at all. I would rather source for cash somewhere than go ahead and pay rent with it. just that you can tell people how to use their money or live their life the only thing you can do is to give advice and if they listen good for them.

I bet you are investing in bitcoin but you have never read the bitcoin's whitepaper. If you learn about the history of bitcoin and know why Saotoshi created it, you will not say these words. Basically bitcoin is a peer-to-peer currency but today it is being used by us as a speculative tool to make profits. But that doesn't take away from its P2P currency feature so there's nothing wrong with someone using it for payments instead of just speculating for profit like you. Bitcoin can be a currency or an asset, it all depends on each person's intended use, so there is nothing wrong with using bitcoin to pay for a house.

Bitcoin also serve as a medium of payment so there nothing new in using it to pay for house rent, perhaps the tenant might have exchanged or converted all his fiat to Bitcoin while adopting it solely as a medium of exchange for all transactions, I understand your point of view with regards to pump in price of Bitcoin would earn more profit for the hodler that is adoption of Bitcoin as a store of value, however as the tenant earn more fiat through salaries, businesses and other related source of income of course it can also be converted or exchange to Bitcoin and hodl in the wallet continually as a store of value.

Using Bitcoin for rent means you're betting on its value going up, which is cool if it does. But Bitcoin can be volatile, so it's a bit like a financial rollercoaster. But regular money is more stable, even if it doesn't grow in value. It's all about your comfort level with risk and how you want to play the money game.

I don't know, but have you seen the new real estate projects in crypto space? They are all accepting crypto payments too, so I believe it's possible to pay rent with Bitcoin, unless the owner says no.

I won't blame the owner if they refuse, because some old people can't go right with Bitcoin yet, some won't want to anyway, so it's fine for them to accept anything else apart from Bitcoin, but if the owner is young they might already have a knowledge about Bitcoin or maybe already thinking about getting their hands on some Bitcoin.

Just ask first and wait for answers, it's possible or likely that you will get a no for an answer because merely thinking about it, I believe that many will prefer to accept Fiat instead, since this is the only currency that they are used to.

I would advise against paying rent with Bitcoin unless there is something that stipulates you must do it. Anybody who has been in Bitcoin long enough knows that over time it appreciates in value so paying rent with your precious Bitcoin isn’t a great idea. I am not here to criticise anybody else’s decisions but I would advise against it.

You have to understand that bitcoin is a money, it is a hard money. There is no problem of paying the house rent or a product using a hard currency and it ended up prompting others to do the same.

The comfort level will be the deciding factor for people to use Bitcoin as a means of payment or continue to use fiat. People will use it if they can get a discount when they use Bitcoin. But if Bitcoin transaction fees rise as high as before, people may still prefer fiat.

It all depends on what makes them comfortable. Apart from that, there is no compulsion to use Bitcoin as a means of payment if a country already allows Bitcoin. People will choose it based on the comfort they get.

But if people use Bitcoin as an investment and still use fiat to pay for their daily needs, that's fine too. At least people have something to use for their future. They can also save Bitcoin as an investment. And people would prefer to use Bitcoin as a means of payment.

Comfort and convenience on which it would really be that a determining factor because not all would really be that too confident on making use of their coins which they do know that it could bring out possible
profits in the future.This is why on the time that you would be seeing that you arent that able to pay up fiat but you do have some crypto and sees out that its available into their options then you would really be considering on paying it up through crypto on which it is really that a lifesaver on that case but just like on what other people been saying that people wont really be wasting up their coins on using it up on paying
something on which they could eventually make use of their fiat instead. Its the default and traditional and keeping your crypto for long term is much more better or something that i do prefer.

Renting houses through Bitcoin is undoubtedly a groundbreaking step and such a step plays an important role in Bitcoin adaptation in the world. As Bitcoin has many benefits, especially money inflation, but if Bitcoin is used as payment for rent or any other business, then deflation can be mitigated.will be But slowly, people all over the world will do house buying and selling, house renting, car buying and renting activities etc. in exchange of bitcoins. Since Bitcoin works against inflation, Bitcoin picks up where fiat fails.

I don't think using bitcoin to pay rent or using it for any other business will help reduce world inflation. As long as fiat currencies remain the world's primary currency and primary yardstick, bitcoin will not be able to change inflation. It can be said that Bitcoin is a hedge against inflation, but it will be useful for bitcoin owners. Bitcoin cannot change the world's general inflation situation. Inflation is a huge problem and many factors are needed to control them, not just using bitcoin to easily solve inflation.

For you it may sound like a bad idea because of so many reasons which you think it is not good for you to spend such a large amount of Bitcoin to house rent but this person he knows the reason why he decided to spent bitcoin for rent best to him. I don't think spending bitcoin on house rent is wrong,  bitcoin is money that can be spent, it is not just for hodling .

I know this is the period of hodling Bitcoin against the coming bull market but if one still have much of it to spend it, then it is not a bad idea to spend bitcoin.  In some countries bitcoin have been accepted as cash which people can spend it just the way fiat is spent.  Bitcoin is money and everyone will decide what to spend his/her money on. Since bitcoin is money, you know money is meant to be spent, this is one of the purpose of having money.

You won't hold bitcoin forever for at some point you would have to spend it and yours may not be for house rent but something also important as rent fee. Moreover bitcoin can be use as a measure of exchange so why shouldn't it be used for the payment of goods and services, it should be known to some of us who don't know, that, bitcoin wasn't created mainly for hodling only in making profit from it, the P2P use of bitcoin was made to kill the influence of the need for a middleman and by virtue of bitcoin being divisible it therefore mean it was also meant for payments in buying and selling of goods and services in as much as the two parties agrees to make use of it instead of fiat.

The use of BTC for payments and transactions is not a new thing. Businesses in most countries accept BTC payments and individuals may request their bosses to pay them their salary in BTC.
I am not just exaggerating, I have read countless of stories here on how individuals got to accept BTC payments for their business and am very sure real estate business ranks among businesses that can and should allow BTC payments since it may incur less fees than what the bank would offer.

It depends on if the house owner also decides to accept the rent payment in BTC and also if it is a legal tender or it is not banned in total by the government in that country or region. So it would be necessary to ask first before concluding on the payment option of cryptocurrency.

More than just waiting to trade and make profits from BTC investments mostly as new events are unfolding like the ETF just being approved and the halving to happen, is the choice to either HoDL, spend, diversify, convert to other trading pairs or simply just accumulate. Everyone has a choice of right to do as they deem fit with their crypto holdings.

Because bitcoin is money, plain and simple. I don't see a problem using bitcoin for its (initially) intended purpose, especially if you bought bitcoin for much lower price and using it when price goes up xyz times.

In my early crypto days I used to think about times when I sold my bitcoin for the price that is much lower than that moment, but at one point I simply stopped thinking like that and I have no problems spending some bitcoin when/if I need. After all, if everyone just kept holding bitcoin and not spending, noone of us would ever heard about bitcoin.

I mean if you're going to look at Bitcoin we know that Bitcoin is just digital money so it would probably make sense to use it as a payment method probably for sure, it's probably going to be a good thing since Bitcoin is being used as what it is. On the other hand, it's for sure a good move for the landlord to accept Bitcoin as a payment, for sure is probably an investor already because he's interested in accepting Bitcoin as a payment, and for the payer, it might not be a good idea in the long run since we are all accumulating Bitcoin but probably if your investing all of your money in Bitcoin might as well you can just use Bitcoin in all of your payments etc.

You can really say that it is a bad move for someone who is going to use Bitcoin as payment, I mean you dont really know what is her situation so we can't really assume anything, For sure if the owner is going to accept Bitcoin as a payment we can easily assume that he is as well going to hold it and not just gonna sell it, because accepting Bitcoin as a payment method means your investing it as well, if he's just going to sell it would be a big lose for sure because the market is just so volatile.

It is not really different than paying in USD. Like you said, the landlord can convert his coins into USD any time he wants in the end. Bitcoin is better than FIAT when it comes to preserving value but it is not as good as FIAT when it comes to the transaction fees. If I were the tenant, I wouldn't waste money on the tx fees... Instead I would pay in USD because it is much cheaper (often free). If the landlord has no interest in btc, just pay him FIAT. Everybody will be happy. Remember: FIAT is better for spending, btc is better for hodling. You keep btc, spend FIAT.

Paying house rent with Bitcoin or with fiat or with other things is actually not a problem. It's different again about saving bitcoin vs saving fiat. But paying with bitcoin vs paying with fiat I don't think this is anything to debate too seriously. Because paying is short term. Meanwhile, being a Hodler or saver is long term.

But if we buy bitcoin at a high price and we require a high fee in payment transactions which makes rental payments actually more expensive than using fiat then this is something we have to think about. But sometimes many people want to try the sensation of paying in the real world with Bitcoin, regardless of fees or whatever. Because the goal is the sensation and experience itself. And this experience can sometimes be quite a pleasant moment. Or if someone has no fiat and only has bitcoins in their wallet. So it will indeed be more economical if he pays directly with bitcoin rather than having to first transfer to an exchange and then exchange it for fiat and withdraw the fiat via p2p or with normal withdrawals which of course require other fees. Well, in those conditions it would be better to pay directly with bitcoin (if I were in that position). So the bottom line is that everything can be judged as good or bad depending on the situation and position you are facing.

If the owner pay with Bitcoin, I don't see anything wrong with that because what's the use of holding Bitcoin when you have the need for financial responsibility and you have big Bitcoin that you have bought some years ago? Sell the amount you want to sell for that time and hold the rest. The only person that will benefit here is the landlord that get paid in Bitcoin but only if he hold the Bitcoin. Some will sell and use the money for other bills because these landlords are into real estate to feed their own families from the investments.

However, if you have other means like other means of income, then I don't see any reason why you must sell your Bitcoin, you are enriching the owner of the house and you also jeopardize your privacy because paying with Bitcoin means you are disclosing that you owned Bitcoin and source of your wallet might be the next thing to target except if you are sending from the exchange but it's better not to let people know that you own Bitcoin for your own security purpose.

How then do you think that Bitcoin will get massive adoption if it can't be used to sort out bills just like fiat? There's nothing bad in using Bitcoin to pay any kind of bill hence the transaction is done with someone who accepts Bitcoin and the amount to be sent in Bitcoin is also well negotiated. For someone who's a Bitcoin holder, using some Bitcoin to pay bills doesn't affect you since the price of Bitcoin is not using stable and buying Bitcoin can be done anywhere, anytime without any form of trouble, personally I will be glad to pay my house rent with Bitcoin but I will also consider the transaction fees before doing accepting to pay with Bitcoin.

It is not a bad idea to purchase good things with with but with will only be a bad idea if someone sold his or her house to buy Bitcoin, why? Because a day might come when the price of Bitcoin will reduce and if the person that sold gis or her house to buy do not have the mind of holding he will rish and sell them thinking that Bitcoin will not rise again or it will take enough timr for it to increase (but that's wrong).
No matter what, Bitcoin will still be used some day, because as everyone is putting in their mind for profits, they will definitely sell their coins some day, but the important thing is for them to use it and do something good like putting it in any business and gaining some assets.

Bitcoin is only a digital currency that is currently used optionally, as legal payment for countries that adopt it and has become a commodity currency in several countries that do not provide full regulation. Overcoming the problem of world inflation certainly cannot be done with Bitcoin alone, it is a big and complex problem so Bitcoin is not the only solution. There are indeed various factors that influence it.

Bitcoin is getting more popular day by day and Bitcoin is being used in different places so if Bitcoin can be used as house rent then it will be much better.  This can be a very good offer to those who use Bitcoin and are associated with Bitcoin.  If Bitcoin can be used everywhere like money, including house rent, then creating Bitcoin will be worthwhile.  Because Bitcoin was created to be used as an alternative to money.  And Bitcoin is moving in that direction day by day

You seem to be forgetting the main purpose of btc to serve as an alternative digital currency against fiat. I don't see anything inappropriate in it except may value more in future than at the price it was traded.
The point is, to some, using btc to make payment is more satisfying than just keeping it as asset to be valued in later years.
It is individual choices, some core bitcoiners wants to be able to spend their btc on anything and boycotting fiat completely.

By the way, I think people are missing the forest for the trees here in terms of paying your monthly rent with Bitcoin: you cannot know how much to pay without making reference to some actually stable value source e.g. a sovereign currency, e.g. US dollars for instance.

In other words, if one were to rent a house to somebody only by referencing Bitcoin alone, how much would they charge? How would they discover the price? And most importantly, how could you even do this when the price of Bitcoin is so volatile?

I'm all for fun academic conversations--that's what forums like this are for  ;D--but if you get real about this, you... pay your rent with good old US dollars (in the US for instance) or some mechanism that directly references them.

This is actually just a transfer of value, and any payment can actually be made with Bitcoin as long as Bitcoin's BTC liquidity is still good and there are no regulations that prohibit sending Bitcoin from one wallet to another in the relevant country.

Buyers or sellers can easily estimate the value of transactions that occur by looking at market prices, which means that for both sellers and buyers, Bitcoin transactions are only a cover, while their aims and objectives can vary, one of which is only to transfer money value.

The seller receives Bitcoin, then immediately sells it on the market for FIAT if the seller wants cash. Finished.

I agree with you that bitcoin can't be held forever, the reason why we hodl is to make profit and someday bitcoin will be spent. The holder knows what to spend bitcoin on that will be good. OP thinks using bitcoin to pay for rent fee is bad, what of the man who used bitcoin to purchase just a pizza, one would think this is crazy but I think people have the right to use their bitcoin anyhow so far as it gives them joy in spending it and no regret. If people can give bitcoin as gift that means bitcoin used on anything.

There was no financial mistake here, and it would be ideal if the two parties had already reached an agreement before paying the house rent in bitcoin. Bitcoin's primary purpose was to aid in financial transactions rather than for investment purposes, but its volatility has prompted people to look into it further. To me, paying in fiat or bitcoin is the same thing because the value of the house in fiat will not remain constant for years, and the value of bitcoin can change, which may or may not benefit the landlord who will hold the bitcoin with which he was paid the house rent.

You are actually right.  The original purpose of Bitcoin was for it  to serve as an alternative means of digital payment that is why Bitcoin has divisibility as one of it's features. Not until people discovered that it is a great store of value. They saw additional value in it and started hodling the coin. If we keep complaining about those who use Bitcoin to make payments, then the whole purpose of introducing the coin will be defeated. There is nothing wrong with paying rent with Bitcoin, provided the rent value in Bitcoin and in Fiat are equal and there is mutual agreement between the two parties involved. The people are wiser now, at least he won't be paying 10,000btc for the rent like the pizza guy ;D. All BTC transactions can be done using the fiat value.

We all have different opinion, spending crypto doesn't mean that you are lacking on financial knowledge.
Some people see it as a currency while most of us see it as an investment tool, it all depends on how you see it.
To be honest I used to spend crypto like fiat before buying mobile load or paying for something.
I know that crypto or Bitcoin has a potential to grow but that doesn't mean that we couldn't use it as a currency.

From what I understand you’re saying that he should rather pay in fiat as the value of Bitcoin would rise and he can enjoy the benefit. Reading the article, I can see that the agreement stated is $100 in Bitcoin. Now, $100 in Bitcoin is just as paying in fiat because when he makes the payment, he will be paying $100 and not a specific amount of Bitcoin. So, he can invest in Bitcoin and pay for the rent with the gains he makes because after all, all he has to pay is simply $100. Anyway, this is good to hear… I am wondering whose idea it was, if it is the landlord or the tenant. 

Whether it's appropriate or not only the person concerned knows, in El Salvador there may be many things that can be purchased using bitcoin, so is it appropriate or not? We rarely find house rental payment transaction channels using bitcoin unless you visit El Salvador, but if you visit other places, fiat currency will still be the main priority in terms of payment. So the issue of appropriateness may have to be looked at in a particular place and if it can be paid using fiat why should you pay using bitcoin.

Bitcoin has a stronger ability as an investment asset because it is related to value and when someone takes a payment step using bitcoin, it means the value will adjust to the current price. For me if there is an option then using payment with fiat currency would be much better, compared to paying for something using bitcoin.

Obviously this is a good idea, after this transaction occurs both parties benefit. The first party (home renter) pays Bitcoin according to the current trading price with an amount corresponding to the price determined by the second party (home owner). The second party can save and collect as many Bitcoins as possible without having to exchange them again, clearly this is a very profitable business.

This idea is the same as when you receive services in the form of Bitcoin or receive payment using Bitcoin after a customer buys something in your shop. At the time of the transaction, no party feels disadvantaged, you receive Bitcoin in the amount according to the price you sold, while the buyer does not have to bother exchanging Bitcoin and then paying you with fiat, that's the logic according to my understanding.

paying house rent with bitcoin is not a mistake or lack of financial knowledge, but it just puts what is a priority now. if someone pays their house rent using bitcoin, it means that they understand what they are doing and are ready to accept the risk that they will lose the potential profit they will get in the future.

moreover, not all bitcoin owners are just holders who hold their bitcoins in their wallets for a long period of time, there are also some who invest but at the same time use a few percent of what they hold for their various needs because maybe they have made enough profit.

The only way I would consider paying rent with Bitcoin would be if I had already reached a stage in my accumulation that would allow me to live off it without working for the rest of my life, which at current prices would be like having 40 Bitcoins. Only then would I prefer to spend significant amounts of Bitcoin on a regular basis. I don't see much point in spending Bitcoin and keeping the fiat currency. Least of all in Argentina, which has one of the worst currencies on the planet.

I will do the same thing as you. Although bitcoin was created to be a peer-to-peer currency, with its price volatility and high transaction fees, it is not really suitable to be used as a means of payment.

I see some people are advocating using bitcoin as a payment method but I really want to ask. How many people have used bitcoin as a payment method instead of fiat currency or are people just trying to show support for the idea but never doing it?

If we need to make international payments or cross-border money transfers, bitcoin is certainlychoice superior and a better choice than the traditional currency system but for daily bill payments, fiat is still the better choice.

Gold is also a very good inflation hedge asset no less than bitcoin, but the fact that it has existed for thousands of years has not helped reduce inflation around the world. So we should stop being naive or over-exaggerating the power of bitcoin on our world. As I said, bitcoin will be a hedge against inflation and it will work for those who hold it, and world inflation is a more difficult problem and requires more factors to solve. But in my opinion, inflation is an inseparable part of the world economy and there is no way to completely prevent inflation.

It's not a bad Idea, exchanging bitcoin with other services. Do you think if bitcoin can't be exchanged with Fiat or bitcoin is not a digital currency acceptable the landlord will accept it, that acceptance is the beauty of it. If it's not acceptable or can't be traded for other purposes then is of no value. The value of any currency it's because it can be tendered legally anywhere if accepted which crypto currency (bitcoin) is acceptable in so many part of the world. In sports so many athletes accepted to be paid in crypto (bitcoin) and tickets are bought in crypto (bitcoin) to go and watch games.

The importance of investing and accumulating crypto
currency (bitcoin), is for profit and to use it meet up ones need . What is the essence of having what that can meet your need without using it, if it's acceptable.

First, both parties in this leasing agreement are experienced crypto users, indicating a shared grasp of Bitcoin's potential and volatility. This is a planned move by crypto experts.

Argentina has high inflation, which devalues fiat currency. A rental agreement tied to a stable asset like Bitcoin might hedge against inflation. Bitcoin's value could rise, but its also about shielding financial assets from local currency inflation.

MOreover, Tenant and landlord show their cryptocurrency support by accepting Bitcoin payments. Its financial activism showing their trust in Bitcoin as a viable and stable currency. Not just for financial benefit, but to support a system they believe in. Their acts reflect the trend toward decentralized financial systems.

The only mistake when you invest in Bitcoin is, you don't want to sell or spend it. ;)

Let's accumulate Bitcoin, you work very hard when you were young and you try to invest as much as you can. When you 20's you have 1 BTC, when you 30's you have 10 BTC, when you 40's you have 100 BTC, when you 50's you have 1K BTC, when you 60's you have 10K BTC and then you dead without enjoying your own hardwork.

It's the life that you want?

That is your choice to pay with BTC or fiat because, you can decide to pay your house rent with fiat for your landlord to issue you receipt as a form of evidence that show you have fulfill your payment for the month or year, but if the landlord give you some condition that you should pay the house rent with BTC, is your choice because you can see some house where you can pay with fiat.

But I don't think I will pay house rent with BTC because it will look to me as a wast of BTC because, the price of BTC can rise or fall at anytime which it will be a risk to me to take such decision  to pay house rent with BTC.

They haven't agreed on a fixed payrate in Bitcoin, instead, they agreed on a monthly $100 that will be converted Bitcoin at the end of the day and person will pay the amount of bitcoins that equals to $100 the day when it's time to pay. It's a win for both parties. The one holds Bitcoins and sends bitcoins each month, i.e. if price grows up, he pays less and less Bitcoins while the house owner receives and hold Bitcoin instead of fiat, i.e. saving the fees that you have to undergo to buy Bitcoin via fiat.
I assume that House owner plans to hold Bitcoin long-term and doesn't plan to convert it into fiat at the end of the month.

Personally I won't pay rent using bitcoin, considering the fact that the price of BTC is not stable. I understand that they may be paying the rent using the current market price, but for me, I don't think it will be a good idea.

Bitcoin is not just for investment so there are some holders in Bitcoin who occasionally decide to use Bitcoins for all the functions that it can achieve which also includes use as payments. I understand that it is difficult for you to understand this, and this is because of your ideology towards Bitcoin which is an investment, but some people do not mind, they are even happier and excited when they meet another person who accepts to take payments in Bitcoin. By making payments in Bitcoins, they feel happy that they are fulfilling the wish and plan that Satoshi had for bitcoins as a currency.

To the house owner whose business is management of his property and collection of rents, imagine that he is a Bitcoin enthusiast, and recently just added Bitcoin as a means of payment for his house just so that he can have some Bitcoin for himself before the halving. He has succeeded in getting some bitcoins in a way not different from a vendor who sells a product and receives payments directly in bitcoins. If you consider it as inappropriate to pay for your house rent using Bitcoin, then it is also an appropriate to pay for other products using Bitcoin because then the value is not fixed as well.

This is one of the result of shilling Bitcoin by speculators and influencer, some people are surprised that other people actually use Bitcoin as payment method and not just for speculations. Bitcoin was initially invented as currency, spending Bitcoin on House or any other stuff shouldn't be a mistake, it's the same as when people went to cashout their stock to buy some stuff that they need.

And I think it's a good thing that real-estate market in Argentina accepting Bitcoin as payment.

Not much difference valuable when paying house rent with bitcoin or using fiat, I think paying house rent trough bitcoin and fiat with the same amount total but difference cases when you have saving money or bitcoin for house rent in the upcoming time potential will change valuable of bitcoin. Has opportunity with bitcoin will increasing up after bitcoin raising to higher price and another side you need to recovery few percent of total amount house rent if bitcoin price going down.

I don't think recommended when using bitcoin for house rent if your on position not owner of the house, but difference when your position want to house rent and earn profitable trough bitcoin as your investment in the future with potential of bitcoin value increasing up drastically.

You must prepare with some one are ready with adopt bitcoin as payment and how legalize in the future if any cases of house rent transaction get problem.

You can't hurdle your Bitcoin indefinitely, there has to be a time when you'll have to sale or spend some or all of it, so there's nothing wrong with that, so far you're not spending it bellow the market price. Although you might feel at a lose if you're spending it during price dip or bear run, probably bellow the price that you bought it, but that shouldn't be a problem so far there's alternative of paying with the local fiat currency. We shouldn't forget that the original purpose of creating Bitcoin is for p2p transactions and it is the best method to drive it's adoption, although investment and trading purposes have clearly overtaken this original plan.

For some people, something like that might look good in their eyes, but it may not necessarily be so good in the eyes of others because maybe other people who see someone pay rent with Bitcoin based on the current market price. You would definitely think that someone is throwing away Bitcoin by sacrificing it through rent payments, so what you say is actually quite correct considering that rent payments can also be paid with fiat currency as usual without having to spend more Bitcoin just to pay the rent.

Nobody, not you, not me, not anyone will hold their bitcoin forever, we all buy bitcoin to either sell it later for profit, or to spend it on an item or something we love..
Many have bought houses and paid in bitcoin, some bought cars and paid in bitcoin, I myself bought a bike in 2022 and paid for it in bitcoin, that I bought this bike and paid in bitcoin does not mean I no longer own bitcoin, I currently own even more bitcoin than I had when I spent some of it on a bike.

If you read the bitcoin whitepaper, bitcoin is supposed to be used to pay for goods and services, not just to hold it for profit, as a bitcoiner, I consider it mandatory for us to different bitcoin wallets, major two different bitcoin wallet, one wallet hold your bitcoin meant  for or as long term investment, while the other wallet (more like a hot wallet) hold the bitcoin you can easily spend on goods and services, or items we find interesting and want to own them..

In the nutshell, there is absolutely nothing wrong to spend bitcoin to pay for a rent, as long as the person is working and earning, he or she can always buy more bitcoin for future use or for investments.

I think OP didn't mean it like that , he just wanted to say that using bitcoin as a means of payment is not appropriate and it is more suitable to use as an investment . But there are a lot of people who have the wrong mindset you're talking about. Many people become so addicted and worship bitcoin that they just accumulate and hold as much as possible. They don't intend to spend it for life, and they want to keep it for the next 30 to 50 years . But I want to ask if they can live until then ? LOL. Bitcoin is just money , a tool to serve our lives, it is not a religion or god but for us to serve and worship it more than necessary .

Exactly my point. Maybe they are doing this just for promoting bitcoin, which to me isn't bad. But I don't  just buy that idea.
I could buy a house using bitcoin, not pay my rent using bitcoin.

My understanding is, if that happens, it's fine, provided there is a strong agreement between the first party and the second party, where an hour later the price of Bitcoin falls/falls, that's the first party's risk, there are no additional payments with Bitcoin.
For example:
The price of a house renting $100 an hour later could drop $70 that's the recipient's risk, nothing extra.

If it is said to be appropriate, of course it is appropriate provided that there is a strong agreement between both parties, because we know that the price of Bitcoin is very sensitive to its movements, it can change in a matter of minutes, but for me, if I don't want to take risks, of course fiat is very efficient in paying house rent, considering the current costs and price of Bitcoin, of course for me it's not a good choice in that case.

Does not seem like a bad move at all. Reading the news, it seems a exchange called fiwind is being used as a platform to pay the rent that the landlord and tenant has agreed to with a legal binding. With such a legal binding the tenant has to pay in time and the landlord get paid in time too. This is much better than the traditional system of paying the landlord in cash or their bank by a specific date. Possible that in future these types of legal contracts will become more frequent made and used.

Another part of the news article that caught my attention was that the government there is allowed crypto holdings taxation to be done, this shows that governments might be wiling to accept bitcoin into the mainstream system while taxing them.

It is true that Bitcoin Can increase, but it can also decrease. so it is risky for landlord too to accept bitcoin. what if Bitcoin decreases and the landlord loses his money? the thing is I don't think people think about future of Bitcoin when doing live dealings.
they are paying house rent according to current bitcoin price at that time. now if bitcoin price increase or decrease it is totally depend on the market.
and I don't think landlord would keep the bitcoins after taking rent. he would probably sell them off and secure his money unless he's a Bitcoin Lover.  also think about those people who makiing a living earning bitcoin, like so many people in this forum. if they don't spend their bitcoin by thinking it will increase in future then how would they suppose to cover their expenses?

I assume the homeowner wants to accept payments using bitcoin because he is also a bitcoin lover, I think he accepts bitcoin because he understands the future of bitcoin so there is no way he will sell it again in a short time. In fact, I think he was smart, accepting payment in bitcoin so he invested in bitcoin. If he doesn't understand bitcoin, of course he won't accept payment using bitcoin.

Likewise, for people who rent a house using bitcoin indirectly, they have saved money by using bitcoin without having to convert it into fiat first. So in essence, in my opinion, there is nothing wrong with both parties here because they both benefit each other.

Even that idea from the op is very wrong, BTC is p2p electronic cash that is censorship resistant and permissionless, it was created to be used as a payment method and using it that way means you are promoting its original use case. Due to growth BTC now has many use cases and i understand that too many people want to make returns from storing it for a long time, but that should not take away the reason why it was created, which is for it to be a currency that's controlled by nobody.

Paying for your house with Bitcoin might seem a bit unusual to some people, but it's important to know that it might not be a bad idea. The person who chooses to pay with Bitcoin probably knows a lot about this kind of money and has a good reason for doing it in a different way. It's really important not to say something is wrong just because someone pays their rent with Bitcoin. We should try to understand why they're doing it before deciding if it's a good or bad choice.

People occasionally have valid reasons for making decisions that initially appear odd. Therefore, it's a good idea to find out why they are spending their Bitcoin before we say anything bad. Perhaps they just enjoy using it, or perhaps they believe it to be safer. It's important to avoid making snap judgments about someone without fully understanding their situation. It's OK that each person has unique motivations for their actions. It's critical to maintain an open mind and refrain from assuming anything about someone's decisions before learning the context of their initial decisions.

And even on this my part of the world, Bitcoin gives you more options to choose from in terms of money usage, and for that, I won't regret ever paying for House with Bitcoin but what I will like to know also is, if the payment was done with Bitcoin directly or the ops have to change Bitcoin into another currency before he paid for the House.


Because there is a difference between using Bitcoin investment money or profits to change into local currency and buy a home with, or you have the estate agent who accepts Bitcoin as payments for the House, this is what I will like to get clarification on.

Whether you pay the house with fiat or bitcoin, that would always be valid since fiat and bitcoin have their own value. The only difference is that bitcoin has no fixed value and there are chances that it would increase or drop its value in the next days, while fiat always has its own fixed and stable value. So that’s up to the landlord if he also feels confident on accepting bitcoin, otherwise you will be force to pay in fiat exclusively since that’s the only payment system that is allowed.

However, the good thing about paying bitcoin is not only you are promoting bitcoin as a currency, but you are also encouraging awareness on the landlord itself that bitcoin could have a more profitable value in the future, provided that he’s also aware on how to keep his bitcoin for long term and safeguard its safety and security.

What do you want Him to do? accumulate and  accumulate and then what? live on
the street ? what if the only funds he has is bitcoin then why denied Him the rights when   it is a
choice to make?

and what if sooner he died without spending the bitcoin then it will be regret forever ,
if you have a Bitcoin then do as you please but never question those people that wanted to use their
crypto in their own living.

I think there is no problem with that, because basically bitcoin was also created with the aim of being a means of payment. If you think Bitcoin is an investment, then it won't be suitable. if it is a P2P transaction, then it is the same as using fiat, because they use the value of bitcoin at the time the exchange occurs. There are many factors that make this happen, such as the buyer not having cash, and only having bitcoin, or other things. This will make it easier for the person to carry out transactions at that time when the seller receives payment in bitcoin. Apart from that, if the buyer really wants to keep the bitcoins he has, he will definitely pay using fiat. However, I think the conditions that occurred at that time might make it necessary to pay using bitcoin. well, when he has money again, he can go back to investing again.

I think right or wrong depends on each person. I also don't see anything wrong with the OP not wanting to use bitcoin as a payment method these days. Although bitcoin was originally created to be a peer-to-peer currency, with current developments such as high transaction fees, long transaction confirmation times...Do you think bitcoin is suitable to become a popular payment method? Furthermore, many people are trying to criticize the OP for not supporting the use of bitcoin as a payment method but i want to know. How many people here have used bitcoin as currency or just talked about it but have never done it just once, including you?

At first you need to read what you have written so far and please take a swift comprehension of it. Just fro.what you have analysed, Bitcoin was created to be use for transaction and payment of services so why do you think it was very wrong for him to actually want to follow that path. Bitcoin is not even supposed to be keep or hold for too long if not that many investors see h go as a way of personal Investment. Some traders see Bitcoin as an asset that can be hold for a very long time that is why we see people holding it for as long as they want so that they can make profits from it when the price goes up.

Honestly it depends on the process of both people involves on the negotiation as we all know that there's nothing wrong If the owner of the house you've  renting is accepting Bitcoin and you have Bitcoins too so the transaction will fast and smooth. Anyways nowadys there are many people around the globe who are aware in Bitcoins and they accept for payment.

It depends on the agreement between the renter and the house owner. If the renter also wants to share his bitcoin to its landlord and the latter agrees on it, then it’s certainly a right move for the two. At least, the landlord will also  have the chance to own bitcoin that will be more valuable in the future than fiat. As long as he knows how to keep it safe and seeing it grows, then it’s certainly a right decision to accept bitcoin as a house rental.

On the other hand, paying bitcoin for house rental means you lose the chance to hold a valuable asset. But bitcoin is not just about keeping and hodling it, you need to spend it at least for your own advantage.

I think it's still a pretty good idea and it's not a financial mistake because the purpose of bitcoin is also not as a payment option even though they are currently more dominantly used as an asset for investment but we also can't forget that bitcoin is a tool that was created and one of its purposes is as a means of payment even though it is only based on alternatives.

If indeed both parties are comfortable between buyers and sellers who do not have problems with payment via bitcoin then I think it will not be a problem and it is also not a mistake from finance because they consciously know that it can still be done as long as in their country there is no prohibition for such things.

Those kind of words does really shows on how those people who do lack knowledge and awareness about Bitcoins true utility then they would normally be having those kind of
assumptions that it is really just that meant for holding and not for spending on which they are really that very wrong with that kind of intellect or assumption on things on which we do know that it isnt right.
We do know that if we do tend to look up on its WP then it is really that meant to be used for p2p transactions on which if someone do really consider out on making use of it as a payment option
then it would really be just that depending if ever a service or someone would really be having those plans on accepting it.

For you to be able to possibly be able to pay up something with Bitcoin payment or someone really tends to receive then it would really be just that right that you would really having that good impression.
It is really just that there are people who are really that skeptical when it comes to spending their coins because they do know about its potential
when it comes to increasing investment or profits and this is why they do really have this kind of hesitation on spending their coins.

Argentina happens to be one of the most Bitcoin friendly country around the world and for sure I am not surprised to see this development coming in from Argentina paying for House rent with Bitcoin should be one of the major thing in Argentina and other Bitcoin friendly countries right now, I guess the most anticipated thing for most Bitcoin daily users right now is how to see enhancement in Bitcoin scalability, such as in the free network and less congestion with minimal fees.
Because that is the only way we can achieve that Bitcoin scability that we deserve many times, Bitcoin users are confronted with high fees and long wait period, this doesn't help the Bitcoin acceptance or usabilities in most cases, but then it will be good to see how we can daily freely use Bitcoin to make daily transactions and payments such as in this case.

Op the person that pay the house rent Bitcoin is more knowledgeable on Bitcoin than you. What is the core meaning and the creation of Bitcoin. It is a peer to peer digital currency which is meant to buy and pay things online so what the person is on the confined of the creation of Bitcoin and not out of point. Yes Bitcoin is better than the fiat currency but if the receiver of the transaction agree to receive with cryptocurrency then and if the sender has it then he can send it to the receiver because there are sometimes the transaction process is cumbersome, the process is long and delayed so to make it faster the sender will just send it directly to the person address without using third party.

Argentina is cryptocurrency friendly Nation so a large number of people are using Bitcoin so it is easy to pay with bitcoin than Bitcoin.

In this kind of decision, it relies on the user and receiver of the btc transaction.
If they feel they are doing this for convenience purposes, then, for me, there's nothing with it.
So long you know what you are doing and you feel you are taking advantage of the features of btc transaction, are all that matters.
A lot of people feel it is being wasted because of the potential to gain profit in the market, however, it is on you if you will utilize
btc to other valuable purposes like paying for something that you need or want, and you are happy about it.

You have to take into consideration that the person may already be a Bitcoin investor for a long time, so he isn't purchasing Bitcoin to buy or rent a house. He already has Bitcoin and will use it as currency. Strange would be to have BTCs and exchange them into fiat to purchase or rent a house, because it would involve extra costs with transactions and exchanging fees. Unfortunatelly, due to not having many offers of houses for sale through BTC payment method, that is what Bitcoin investors are forced to do in order to achieve the dream of the self-owned house, or even to pay for a rent.

Bitcoin is available to be used for everything fiat is used for. There isn't any contraindications. If you can hold Bitcoin for future gains, good for you, but some people have to use their coins in order to pay for a living, food, bills and so on... For many young people, renting a house is necessary, especially when studying and working far from their families.

If you can buy the house, it's great. However, not everyone has enough money to do so, therefore renting might be their only alternative for now.

Indeed, it might only apply to places where most people are aware of Bitcoin's existence because they are used to fiat payments, especially for old people. Plus they don't want to hassle themselves with using Bitcoin since you would need to transact via the internet or the gadgets and you really need knowledge cause there is still a possibility that you might lose your funds. Bitcoin is meant to be made for payment and transaction in the first place, but currently with its volatility and today's value people prefer to hold it to profit. Just imagine your rent is $1000 and once you send it, the value would be $800 due to volatility, unless the receiver would agree since he is a holder.

I think we don't need to be too strict about what to pay. In short, Bitcoin or cash is just to serve our lives. If they determine that the Bitcoin is used to pay for expenses in life, then it is completely normal. Who knows, maybe they still have Bitcoin as a form of storage asset and do not use it for any other purpose.
There is no need to argue about the value of Bitcoin, but if you just hold Bitcoin without doing anything, and don't really enjoy what Bitcoin brings you, are you being too strict with life itself? yours? Everything becomes worthless if we or our loved ones are no longer there.

If that guy is a Bitcoin spender then it does not matter to him as long as the landlord accepted that payment method. I think he prefers to comply with the Legendary Satoshi Nakamoto's idea about Bitcoin as a new kind of money therefore he used it on what it is intended to be. For investors spending their Bitcoin is not an option here so yeah it depends on us whether how we use Bitcoin on our daily lives.

Well, I guess I don't have to hide to say that that satoshi's vision of bitcoin being a kind of money that could be spent on common things and needs of life has died, though not a bad death but a good one, since it looks like bitcoin has moved on from that course to a bigger one, which is that it is now an asset we all can invest in, and make profit, and we can also buy and sell it, and also make profit.

Very minimal persons are still using bitcoin to pay for goods and services, like I myself only used bitcoin ones to pay for something, and that was in 2022, and right now, I will never use bitcoin again to pay for anything, not when we now have usdt and other stablecoins around, and even some other altcoins that are less volatile, bitcoin to me has become an asset, and assets are not spent on goods and services, they are kept as investment for the future.

Don't think like this, paying with Bitcoin for anything that you need is worth it. What makes you stop is the value of it might increase paying but please do remember that if something has been able to get filled because you've paid using Bitcoin, don't feel regret on it.
That's actually the purpose of Bitcoin why satoshi made it and that's for peer to peer transactions with merchants like this. Both of you get to enjoy the monetary value of Bitcoin and its features too.

when I see people suggesting that they used or intend using bitcoin to buy something or pay off for a particular commodity, it amazes me seriously. On a very serious note, the rate of awareness and acceptance of bitcoin hasn't gotten to the stage where you can just you it to offset certain bill. In my locality for instance, most land lords and house owners are aged individuals that don't know much about bitcoin and won't even think on accepting it in the first place as a I'ment for getting their house.

Some people in my locality have not even accepted saving their money in the banks and telling them about bitcoin would be a complex stuff for them.

Until the government officially accept bitcoin use throughout the nation, paying for anything with the use of Bitcoin is still far from reality 

Yes that's right. I don't see any harm in paying for a house using Bitcoin. If both parties agree, what's wrong with that? Both parties certainly benefit, both those who pay with bitcoin and those who receive bitcoin, of course with transactions like this both already know about bitcoin which means this transaction can be carried out. I assume that even if a person pays for a house with bitcoin it means he has a lot of bitcoin so he thinks that rather than selling it in fiat then paying for the house will incur additional costs because of the buying and selling process. Likewise, those who receive payments in bitcoin, maybe they want to invest in bitcoin, that's why they choose to be paid using bitcoin. So I mean there's nothing wrong with bitcoin being used as a buying and selling transaction, after all bitcoin is also money.

Paying house rent using Bitcoin has both pros and cons but it depends. well let's make a scenario where you are paying rent for your house and your house rent is 200$ and you have an amount in BTC is 150$ which means the insufficient amount and you have only 10 days left to pay your house rent to the owner well in some days BTC prices goes up and it makes you money now you can pay off you hose rent which can be counted as its advantage. But the thing is you have to convince the owner to accept the BTC payment because if the BTC price falls owner has to face the loss in dollars he accepted as house rent in BTC so both vary here pros and cons as well.

I prefer bitcoin to be used as an investment asset compared to a means of payment and perhaps the reason is quite simple because there are many places that do not yet accept bitcoin as a legal means of payment. Even if there is a place that accepts purchasing goods or services using bitcoin, I personally prefer to use fiat currency. Bitcoin has a value that can exceed the limit when ATH comes and spending something using bitcoin we lose the opportunity to reach its highest value even though any purchase is not in the large capacity of bitcoin.

But in the end it comes down to each individual and how they fully consider purchasing using bitcoin to provide convenience. But if I could choose, I prefer to use fiat in any shopping because we have the opportunity to hold bitcoin until it reaches the next ATH because that's actually our goal to accept bitcoin as one of the best assets ever in the crypto space.

We can see that regret from OP that it's like a waste investment for him. That's fine because all of us treats Bitcoin as an investment but don't forget that it's also being used as payment. How the adoption will grow if no one's going to spend it? We have to spend it and that's in anyway that you are comfortable, could be to trade for another currency which is the common but it's better if there are services that you can pay directly with Bitcoin.

We can't say that it was a mistake because it is not even our Bitcoin and it's not our business to decide what to do with the Bitcoin of other people.
It might be a waste of opportunity to others, but maybe that someone has a valid reason why he did spend his Bitcoin to pay a house rent, (1) For experience, (2) maybe he just don't have any money on that period of time. For me, as long as you spend it on the things you need, it will never be a waste.

Especially in my country that would never happen because using bitcoin as a means to buy is something rare and difficult for most people to accept. Not to mention talking about transaction costs and people's lack of understanding in making transactions using this method.

That's a different story because using bitcoin payments across international borders would be much more profitable, but when it comes to daily payment methods for purchasing multiple products it's highly unlikely and I'm pretty sure people will choose fiat as usual. Moreover, bitcoin will be much more valuable when stored for a long period of time because we can make a profit rather than using it as a transaction tool.

Bitcoin was born with the idea to be used and spent. I won't lie, I wouldn't pay my rent in bitcoin right now because I would prefer accumulate more instead because I think it will go up in value, but at the same time I would never judge someone because he chose to spent his bitcoins, actually he's doing a favor to the whole community. Had Laszlo never spent 10k for those pizzas who knows, bitcoin history could have ben totally different. Stupid people make fan of him because they don't understand what he actually did, he'll always be part of bitcoin's mile stones.

A clear and mutual agreement between tenant and landlord is crucial for making Bitcoin rent payments work smoothly. This agreement should address issues like conversion rates, timing of payments, and how losses due to price fluctuations will be handled.

Overall, paying rent with Bitcoin is an intriguing option, but it's not a decision to be taken lightly. Carefully weigh the potential benefits and drawbacks in your specific situation, and ensure a clear and comprehensive agreement with your landlord before taking the plunge. Remember, responsible and informed decision-making is key when navigating the exciting but volatile world of cryptocurrency.

It's also worth considering alternative solutions that combine the advantages of both worlds. For example, some platforms allow tenants to pay rent with fiat currency, while the platform simultaneously buys and holds Bitcoin on their behalf. This approach offers some protection against price volatility while still allowing tenants to potentially benefit from Bitcoin's potential for appreciation.

If it were the case that once you lost bitcoins you could never get them back then it would be natural to think like this. But just because you can collect bitcoins whenever you want doesn't mean you can't make any transactions with bitcoins. Moreover, when we came to know about Bitcoin, we came to know about Peer to Peer transactions where direct transactions are mentioned. The demand for Bitcoin is increasing day by day and as it is a part of trading, it has a lot of volatility and those who can exploit this volatility will definitely be gainers. Losing Bitcoin is definitely a loss for those who are long-term investors. But for those who consider it as a payment method, it can be a reliable means of transaction.

op I can't agree with you because if bitcoin is legal in a country it is not unusual to rent a house in bitcoin currency. A variety of transactions are made with Bitcoin currency in countries where the government legalizes Bitcoin. If we talk about Australia Bitcoin currency is used in various restaurants  in Australia. The use of Bitcoin is increasing day by day so it is expected that in the future we will be able to buy not only house rent but also every thing with Bitcoin currency. If Bitcoin was legalized in our country, we would also have such facilities.

In this case i quite agree with what you said because in the end of course your decision is in the hands of everyone and as long as both parties (those who pay and those who are paid) are not bothered by what they do where bitcoin as an alternative to payment then why not because after all things like this in the end there must have been a joint decision first as a form of agreement. so, that in the end whether to use bitcoin or not it depends on the agreement.
As long as we do not feel burdened or indeed as long as it is still profitable then why not because in the end things like that depend on the perceptions we do.

I would definitely have to agree with you that the money won't be able to gain any interest in the bank (at least not enough to be appealing), if you can help it hold onto your bitcoin and pay your mortgage in FIAT, however if you are in a bind and your landlord accepts BTC as payment then I would say that you're in luck although it is a shame you have to lose those SATs.

Paying rent in Bitcoin is advantageous for the landlord. If I were a landlord and I had such an opportunity, I would accept payment in Bitcoin. Even if this is not the case, the fiat money received can be instantly converted into Bitcoin and the investment can be sustained. I haven't heard of anyone paying rent in Bitcoin, but if he receives his salary in Bitcoin and pays according to the exchange rate of that day, I don't see anything wrong with that. Coins should be evaluated according to the exchange rate at the time they are spent, not according to its value years later.

since both cash and bitcoin function well as a means of payment and also as an investment but I don't like the idea of spending bitcoin, especially with what is currently happening with the price so it won't be advisable to spend now. and I will rather use my cash than use my Bitcoin even if I don't have any for now. and for countries like el Salvador that accept Bitcoin as a means of payment and in this case, the only people I see in favor do are receiving since they are the ones keeping but if you have bitcoin and you don't have any other means then i will definitely spend my bitcoin. and it a good design and bitcoin is one of the best innovations with a lot of good futures such as saving, making profit and as a currency for some countries.

I'm not so sure that it could be advantageous for the landlord, it depends on how this is managed: if they decide a fix rate or if they choose a rate adjusted to that week's/month's value. If the landlord is still paying a mortgage and he gets every month 0.1 BTC (just to say a number) when bitcoin is worth $40k is one thing but if he still gets the same amount when bitcoin is in bear market than I wouldn't say it's a good deal.

We have our various view of things and if you think paying house rent in bitcoin is a mistake i am sure you have your reasons which you have stated in your post but it is unwise of you to think such person lacks financial knowledge. Bitcoin was created to serve several purposes and solve problems one of which is to serve as a means of payment alternative to Fiat. I don’t think i have come across a place where it is being stated that bitcoin was created as an investment tool, we are merely taking advantage of its volatile nature which is more like killing two birds with a stone.

If want the adoption rate to keep growing higher and if both parties are okay with bitcoin payments then i see nothing wrong with that. Allow me to take you back to when bitcoin was used to purchase pizza what do you have to say to that? A terrible mistake?
Holding bitcoin is wise but that shouldn’t be a reason not to spend our bitcoin as we please.


True, but it is all dependent on the person in question, is is okay with it? I own my bitcoin and i have the right to use it the way i pleases. It is advantageous to hold bitcoin and paying house rent from your bitcoin holding doesn’t mean you are selling off your entire bitcoin.

Companies adopting bitcoin and people accepting bitcoin payments in their businesses has been a good development for bitcoiners as it have helped make things more easier for them.

Why do you think it's a mistake or lack of financial knowledge when Bitcoin is also a currency? Maybe it is, if Bitcoin is banned on that country. You even said that BTC is better than fiat. Not all times BTC had an increase in its value. But, I think this is the reason on why you think one should keep his BTC rather than spending it.

Well, thank you for your concern but we don't know, maybe those people still have a BTC left on their wallets. And then, not all BTC users are hodlers. Maybe these people are already earning well outside, so there is no need for us to worry about them. A bank can actually give us an interest but this is only small. Fiat supporters wouldn't care anyway.

Bitcoin is a digital currency just like fiat to be used as payment for service and others, Bitcoin was created as an alternative to fiat, so there is absolutely nothing wrong in paying rent in bitcoin, one thing should be certain there should be an agreement between the sender and the recipient, and also an understanding of the dynamics of bitcoin so they do not think its fraud, that too should be put into consideration.

exactly what we can say for what do the person used Bitcoin to buy pizza back in the days , if we are questioning OP's decision then we must question also all of those personalities that uses big funds just to promote bitcoin in the days when people are still denying its existence .
people must be proud of everything about bitcoin and if given a chance I will also use my bitcoin to buy or rent a house but suddenly this is not available to my country .
I don't know to others but I am good using Bitcoin to pay everything under the sun , this is how I trust Bitcoin and this market.

I don't get your point but the op is trying to say no one should buy or pay a rent using bitcoin and with the idea the op used I agree, using bitcoin to pay a rent sounds as a loss whereby the landlord is gaining more, if I may ask what happened to fiat, the person doing such will regret later if care is not taken like if he doesn't have another bitcoin left or money to buy another bitcoin then the person will regret.
Bitcoin is one of the value asset and looking at the amount of rents now is just too high so in my opinion no one should accumulate such huge amount of bitcoin and decide to pay a rent that worth thousands with bitcoin.

I haven't heard bitcoin as a mode of payment for rentals but I know that there are some Hotels in different areas in a certain countries that offers Crypto payment for their daily stay.
It is difficult to choose in this situation because it depends on the owner's preference, but if I were the landlord, I would prefer the mode of payment through fiat especially since the price of bitcoin is not stable, and in business matters, it will be necessary to manage well our capital and earnings, we also need money for monthly dues and bills that's why I will choose actual money than Bitcoin payment.

Thank you for this warning, Bitcoin is a volatile asset, it is not like a fiat, and if it is in the hands of a careless or novice landlord, it could be to his disadvantage. What I believe is that most people are just viewing Bitcoin as an asset, and judging by the way it performed in the past, they think that it will continue like that, but no one knows tomorrow. What if the landlord, for example, needed to execute a project with his money today that Bitcoin had fallen to about $38,500 even as he allowed the tenant to pay through Bitcoin in the last 3 weeks? That is the issue. It is not until the landlord understands that the money is meant for a long-term holding or he is just lucky to buy the coin when it is in his bullish trend, that is when issues will not arise.

Fiats are good for immediate and future plans, especially if the person is a businessman, but Bitcoin is not structured that way. It's volatility at times could cause the landlord to lose a huge amount depending on the size of the money we are talking about. So, let's be well-informed before concluding on what we do.

actually there is nothing wrong if someone pays what they want with bitcoin as long as the seller is willing to accept the payment which we will do, the same goes for renting a house if the owner of the house doesn't mind everything will be fine
Maybe there will be a risk faced in the matter of Bitcoin prices when we trade

Yes, we're the masters of our bitcoins and if we want to spend them for paying rent or even buying a house which was like a hype news in the past and for sure that it will still be if someone does it, they'll get to publish it on the news.

There's nothing with all of that. The taboo was even broken already about bitcoin is just for illegal transactions when the mainstream adoption has came and that's actually a good progress that we've got now on.

So, you pay rent with bitcoin or fiat as long as you owns it, that doesn't matter at all.

It's fine to pay rent with Bitcoin. To me it is even good for Bitcoin that people has started accepting Bitcoin in different areas of life. Bitcoin as a digital money, can be use for settlement of transactions, of which payment of house rent is also a business transaction. Yes the Bitcoin price will increase in the future, but you need to make the payment now and it is the Bitcoin that is available and you don't have Fiat to pay the rent, so go ahead and pay with Bitcoin.

Forget the landlord convention, but paying rent with Bitcoin? It's like trying to pay your pizza guy with dogecoin memes – confusing and probably not gonna fly. Most landlords, bless their non-crypto hearts, wouldn't know a blockchain from a block of cheese. Plus, Bitcoin's value jumps around more than a kangaroo on espresso, so they might end up richer or poorer depending on the day's mood swings.

Taxes? Don't even get me started. It's enough to make any accountant cry. And let's be honest, dealing with the whole "is this a real transaction?" drama if things go south? No thanks.

Sure, some landlords might be chill crypto dudes, but they're rarer than a unicorn wearing a Bitcoin beanie. Plus, the whole set-up with wallets and exchanges can be a pain. It's like trying to decipher hieroglyphics while your pizza gets cold.

Paying house rent with Bitcoin can have advantages and risks. Some advantages include the potential to obtain Bitcoin without using cash and attracting tenants who prefer using cryptocurrencies However, there are also risks to consider. For instance, the volatility of Bitcoin can lead to fluctuating rental amounts, and it may take time to convert Bitcoin to cash, which could affect timely expenses such as mortgage payments. Additionally, Bitcoin is vulnerable to hacking and is not widely accepted for expenses like traditional currency Therefore, landlords should carefully weigh the benefits and risks before deciding whether to accept Bitcoin as a rent payment,  It's important to consider the potential impact on expenses, cash flow, and financial stability.

I posted a similar explanation on another thread, and I think it applies to this one...

Take, for example, people who live in countries where currency there is very volatile who keep their wealth in an offshore account, and transfer only the money they need in their sovereign currency that day or even minutes before a purchase. You can also imagine having a credit card that draws from an investment account, wherein your wealth is stored in whatever instrument you want and everything will be handled for you behind the scenes vis a vie the exchange rates.

With credit cards and the Internet, one can imagine a the "UI" for your money always being displayed in some measure of wealth you can understand, e.g. US dollars for instance (and yes, this is exactly what we're doing at Haypenny with the USDE (https://haypenny.net/#help) mechanism).

Most people aren't able to abstract a difference between their payment mechanism, their wealth store, and their measurement mechanism ("how much does it really cost me?"), but this is exactly what you need to do in order to understand today's globalized world of finance.

And in this world, Bitcoin and cryptos are speculation instruments, not payment mechanisms. Currency that can viably be used for payment e.g. US dollars or (eventually) Haypenny currencies are all both investments and payment mechanisms. In other words, if you hold Euros, you are essentially investing in Euros, and you can also broadly make payments in directly Euros, etc.

So in summary, there are three different things an instrument can give you:

1. A means of speculation, e.g. an investment you surmise will go up in value.

2. A means of transacting with others ubiquitously.

3. A means of understanding the value, in your own terms, of a given transaction (e.g. converting it to USD or whatever your "native" currency is that your own brain to "keep score").

Bitcoin and cryptos do #1 only, practically speaking.

Haypenny does #1 and #2 (and it's UI allows you to do #3 in USD specifically).

Traditional currencies do all three.

So if you understand that, the right answer to this thread's question is:

Use Bitcoin as an investment, and convert it to whatever currency your landlord requests each month. There's no advantage in transacting with them directly in Bitcoin, and lots of disadvantages e.g. slow, expensive, and inconvenient.

I also don't think it is bad idea paying house rent with bitcoin if there is the opportunity to pay. Because bitcoin is also a currency if everyone hold bitcoin then what is the value of it ? So I think paying house rent with bitcoin is obviously appropriate and also appreciated from me. The problem will there if anyone pay from their holding amount of bitcoin . others wise it's a good idea to paying on it rather than converting it to fiat and then pay.

We can say it's a good thing and a waste for the tenant, it just depends on our perspective and actually it will be a good one for Bitcoin since it will increase Bitcoin adoption and more people will acknowledge Bitcoin on the other hand the tenant only spend a few Bitcoin for a good purpose which means more adoption. If we want to Bitcoin to grow we should support anyone who wants to pay with Bitcoin or anyone who accepts Bitcoin as payment.

That means it really depends on the perspective of the person both the payer and the recipient because as far as I can see not everyone is generally on bitcoin. But if it were me then if there was an option to pay house rent using fiat currency I would choose that method compared to paying using bitcoin. Currently, bitcoin is still an alternative currency, not used as a means of payment in general, so there are many limitations that need to be considered when paying house rent using bitcoin.

Bitcoin has unlimited value during the four-year cycle and the power of investing or holding it is much better than using it as a means of payment. Paying rent with fiat currency can provide convenience between owners and payments because not everyone is involved in bitcoin, especially in receiving payments.

I also feel that there is nothing wrong with this, in my opinion this is just a medium of exchange and it depends on the agreement of both parties, and we know that ancient payment was by exchanging goods on the condition that both parties agreed. But nowadays after the establishment of laws governing it, some countries allow it, some prohibit it, but I think it depends on mutual agreement. And such transactions can be kept secret for countries that do not agree to such exchanges.

My question is why not ? Why paying house rent with bitcoin will not be appropriate. Any logical points? Yes that's true that the person if spent from his long term holding fund that can be inappropriate. But in general, if there is no transaction of Bitcoin, then the network of Bitcoin will not grow.  Bitcoin was invented for transactions and not just for holding, so in this case if there is an option to pay house rent through Bitcoin then it will be a great idea.
Also if I talk about myself then a large amount of my income comes from bitcoin payments and this fund is used for my daily activities by converting it to fiat currency firstly through PayPal exchange and then from house rent to other activities.  And due to currently not legalizing bitcoin in my country and miss the opportunity to pay in such option.

What will happen if all the people in crypto world will act or have that mindset as yours?

what if all people will Keep Holding bitcoin and will never spend a single satoshi? do you think it will serve its purpose?

What do you understand about Bitcoin ? what is its nature?

Never question or tells anyone that spend bitcoin committing mistakes because the truth is they are serving the bitcoin world to circulate and have its true value.

Not because it grows in value meaning you should hold this forever because what is the sense of the most popular buy in the history for paying thousand of bitcoins for just a box of pizza if you will keep holding and not to use as payment your bitcoin?

Then it should be the same with buying things with Bitcoin as a whole.
Your thread made me realize something. Bitcoin has always been seen as an alternative, yeah, but then paying with Bitcoin for anything at all would be sacrificing future income/ interests also. So, it'll be better to convert the BTC into fiat before spending it. Then when the price pumps you won't lose your returns.

Thank you for the thread, didn't realize this till I read through. If this is so then, there's no need to fight for the adoption of BTC in my country cause even if it is adopted I won't want to pay with Bitcoin. I'd still pay with the legal currency. So, apart from the fact that the economy would improve after a while, there's no great need for the adoption of BTC, or is there?

fiat will continue to have the same value and even tend to decrease due to inflation every year while bitcoin is different, the value of bitcoin will continue to change or fluctuate every day and tends to show significant price increases every year.
After a president who supports Bitcoin is elected, the euphoria of citizens towards Bitcoin will automatically strengthen. This also happened in El Salvador.
This could be a big breakthrough for the property business in Argentina and even in other countries. If this happened in my country, I would rent it out my house and accept payments via bitcoin or other secure cryptocurrencies.

The fact that he wants to pay in bitcoin, then most likely he has store enough amount of bitcoin in his wallet and he has to spend some of it to save his fiat. There’s no wrong actually to spend bitcoin since it’s also a currency, and as long as the user will benefit from it, then that should not be our concern anymore. Regardless of what he will do to his bitcoin, that’s already part of his plan. And spending bitcoin isn’t a waste of money and time, that’s also an effective way to promote bitcoin and utilize it based on its original purpose, to act as a currency.

Honestly man as long as you pay your rent you should be good. Plus of course you gotta make sure that your landlord's comfortable of getting paid in bitcoin, otherwise you might wanna run to the nearest exchange and get your bitcoins traded for fiat as your landlord's probably not gonna be so eager as to accept digital money, and will not be eager hearing or learning about it either when they could just get what they want without all the guessworks. Regarding paying for rent with bitcoin and how "stupid" it could possibly be, I wouldn't really say that. At the end of the day bitcoin's a cryptocurrency created to rival the fiat system and with that in mind you should've known that it's going to be used to purchase services and goods. If you isolate bitcoin as nothing but a way for you to increase your profits sooner or later the industry would die down as it loses all the sense and purpose for creating cryptocurrencies when they get stripped down into nothing but profit generators.

So yeah, there's some method to the madness of accepting a cryptocurrency not only as a store of value but as an alternate currency the country could use for payment and purchases, it's not inherently wrong or stupid and it's going to drive profit and economic growth even in most cases.

Paying house rent with Bitcoin is definitely not a bad idea because Bitcoin is a cryptocurrency that manages to maintain its value against inflation and allows very easy and fast money transfer between people. In other words, Bitcoin is a financial asset that can be used not only as an investment instrument but also as a means of payment.

Yes, perhaps the amount of Bitcoin that must be paid for 1,000 units of fiat currency today may be equivalent to 10,000 units of fiat currency in a few years but as long-term investors we also know that none of us will do something like not selling our Bitcoin investments until we die. For this reason, it shouldn't be forgotten that the person in question may earn his/her monthly income in Bitcoin or pay his/her house rent in Bitcoin as the investments he/she has previously made are highly valued.

Moreover, when I consider that as someone who earns income by trading short-term cryptocurrencies I regularly exchange a portion of my earnings every month for fiat currency and cover my life's expenses with the income I earn from this, there is also a reason why the house rent expense is paid with Bitcoin. I don't think there is a problem or mistake about this. So, I don't see any difference between a trader who trades short-term cryptocurrency and converts his/her earnings into cash and someone who pays his house rent with Bitcoin.

Finally, if the person I rented my house from offered to pay me the rent with any cryptocurrency I would accept it without hesitation because if the passive income gained increased in value, passive income would be created and earned through passive income.

You can pay anything payable with bitcoin when their is available option of making a payment with bitcoin, secondly its obvious that when you have made up your mind to make a payment with bitcoin the recipient may not agree with you to receive a payment with bitcoin if it's not comfortable or familiar with bitcoin, secondly it's someone who knows the value of  bitcoin that will agree to receive a payment with bitcoin...for me, if I should have a business that I want to use Bitcoin for the payment I will as well agree for my customer to make a payment with bitcoin even though my country have not legalized using bitcoin for payment.

There is a need for better market circulation to have a higher level of cryptocurrency acceptance in all businesses. It can be our day-to-day lives or specific things. Most people prioritize bitcoin as a form of investment due to the difference in price that happens over time. As mentioned by most users, it doesn't guarantee that the price will increase with time. However, the old-track history makes people believe in the growth and makes them hesitant to spend. Due to the fluctuation in the value of bitcoin, the tenant pays different amounts in terms of bitcoin for different time periods. Our minds should be on spending, and we shouldn't think later that we shouldn't have paid in bitcoin.

Yes, the most important thing is that both parties should agree to this settlement that the rent can be paid in bitcoin. Usually, if one party is willing to pay rent in Bitcoin, the other one may not know about Bitcoin. Similarly, those who have put their house on rent may want to receive rent in Bitcoin but those living in that rented house may not find it convenient to pay in crypto.
I think once the bitcoin is globally accepted and more adopted, then more people will be willing to receive and send payments in bitcoins.

NO, it is not a mistake. The person from Argentina has contributed in the adoption of Bitcoin as a payment tool or a digital currency. He also probably paid with Bitcoin because it is more profitable for him. I'm sure he won't do it if paying with Bitcoin will be harmful for him.

We don't compare Bitcoin and fiat here. In the term of investment, surely Bitcoin is much better than fiats. But it is about paying something with Bitcoin, it is not about investment. Sure, the person can use fiats but he may have certain perspective. He may want to show others that we really can use Bitcoin for anything, including for paying house rent. He will make a history if he is the first one who did it in his country.

We don't know about this. But he must have a reason.

How do you know the house owner to never hold Bitcoin? How if the house owner is Bitcoiner as well?
I think the house owner won't accept Bitcoin for paying house rent if he isn't familiar with Bitcoin. IMO, the house owner will use the Bitcoin for his digital asset.

That's true, using Bitcoin to pay rent is acceptable, as long as both parties agree on the payment method and the amount of Bitcoin being sent matches their agreement. What's crucial is that the landlord consents to this payment method and makes the tenant feel at ease with it. As long as these conditions are met, there should be no issues.

It's not a bad idea to pay house rent or other bills with Bitcoin infact making payment transactions is another way of Bitcoin advertisement which is one of the ways to make Bitcoin get more recognition and popularity around any place that is still seeing it as evil or scam. If you have a mutual agreement with someone and he's willing to accept payments in Bitcoin I would suggest you do that but don't forget to also consider the price of Bitcoin just in case you stand to pay more charge on the fees. People will consider doing payments with Bitcoin once they realize that Bitcoin can be be used to totally replace what fiat is used for in a better way without having much stress.

Since cryptocurrency is legalized in Argentina, Bitcoin can be used as a medium of exchange for any product. Since there are objections to using fiat and the potential for inflation, it makes sense to authorize rent through Bitcoin. Exchange of house rent, car rental and other daily necessities through Bitcoin certainly has many advantages over fiat.

We still remember when Bitcoin was still worth $10k until it finally became $60k, for example, it has increased many times over, so I think there's no harm in diversifying some of our profits into property, so it will be safer, and especially at that time. if we convert it to bitcoin and then buy it back at around $16k, of course something like this if we have sufficient knowledge will be more profitable

What if you pay rent with bitcoin and the Bitcoin drops to half of the initial deposit? Like play a $300 rent with bitcoin and immediately he reacieve it, it  fell by %20and later futher drop and he losses, so I think it has the negative and the positive side. don't only tell us the positive side and neglecting the negative side. I think Bitcoin is for personal investment and not what to use anyhow if your. Instead you na sell your Bitcoin to fiat .

Bitcoin is a digital currency. We can pay for anything like fiat money cash mobile banking bank card etc. Likewise if one is interested in accepting payments through Bitcoin. In that case we can pay it through Bitcoin. It's not a problem. But since Bitcoin is not so popular for global payments so far, it is certainly admirable if any home owner is interested in accepting house rent. So I greatly appreciate the op's brain activity. And looking at these stories, it seems that Bitcoin is really going to be a very important currency of the future

In theory, bitcoin was created to be a peer-to-peer currency so it could be used for payments like fiat currency. But the reality is completely different because barriers such as legality, acceptance, high transaction fees...are barriers that make it difficult for bitcoin to become a currency. So I don't agree with you that bitcoin will become a currency in the future. So far, I'm pretty confident that bitcoin is on its way to becoming an asset, an investment more like gold than a currency.

It is true, the means of you paying it doesn't really change, in a world where your rent is 200 dollars a month, you can pay that 200 dollars in dollar form, digitally send it, in gold, in stocks, in crypto, it doesn't matter because it's pegged to dollar that way. In a world where your rent is 0.005 bitcoin or something, and you keep paying that, then things are changing, but for now that can't happen because price of bitcoin changes all the time.

I think that should be the most important difference in the current situation. Inflation and using fiat will continue for a long long time, we just need to learn to use bitcoin as well as we hopefully could, that would give us the benefit and we will do a lot better with it without a doubt.

The question is, because of what you are asking, what if the tenant or lessee is a long-term holder of Bitcoin and then the landlord gave him the option of using Fiat and Bitcoin to pay his house rent?

Are you a Bitcoin fanatic and hold Bitcoin for long-term, reluctant to pay your saved Bitcoin if you have other fiat to pay the rent? But if you only have Bitcoin, of course you will be obligated to pay Bitcoin to the owner of the house you are renting.

Still, both parties must be in complete agreement between (the renter and the payer). but if there is a government policy that prohibits this kind of transaction, I mean it can still be kept secret (from the government).

I think while there are still benefits in this, it will be very interesting for him even with any type of payment, including receiving payments from bitcoin. The most important thing is that there are benefits achieved.

It's a great innovation.. In this way, we can easily pay house rent in Bitcoin..
Every country is now adopting Bitcoin currency, which is a good sign. The future of Bitcoin is very bright. So, holding Bitcoin is really beneficial for us. Price is increasing day by day.

Actually no one forces you on how you would pay because the landlord or the owner would really be just simply be receiving on what you do currently have as long you are paying your rent then this do matter the most. The only good thing on this one is that you do really have the option on what you would really be using and as a crypto enthusiast then if it turns out that you dont have any choice on paying up your rent
and you do have that Bitcoin to be spared or make use then its a good option or a life saving situation but of course we do understand on why people would really be that reluctant on using up their coins
on which we know that this is something just that a waste of using it up on something that we can really do on using up fiat.

It is really just that there are people who are really that skeptical on wasting up their precious coins on which does have the potential on rising up its value
into the future on which it would really be just that understandable on that part.

House owner has to pay bitcoins monthly which will equal $100, it's not a fixed monthly payment in Bitcoin, it's USD value converted to Bitcoin. I think that in this deal the person who pays for the rent buys Bitcoin on exchange and sends it to the house owner or he hopes that the price will go up and he will pay less and fewer Bitcoins each month. I think that first version is the correct, he converts USD to BTC and pays the rent. This deal will be done to gain attraction and write a history, just like our Bitcoin Pizza order has happened.

Paying a fixed monthly rent in terms of bitcoin seems to be good. It seems to be a wise decision, so the sender will make a calculation based on the particular day's market value and send it in the form of bitcoin. This won't affect the receiver as well as the tenant. A fixed amount in bitcoin doesn't seem to be fair because, in the bearish trend, tenants might pay less, but the rent paid in the bullish trend will be quite high. Everything depends on mutual agreement between the two, and these kinds of activities help in the real-time acceptance and circulation of bitcoin in day-to-day life.

I also agreed with you that why need to Pay in bitcoin when we have cash on hand ? bitcoin has a potential increase while fiat remains its value but this is about helping the bitcoin community and its value to have sense and this is to use in transacting , but yes we cannot blame others from storing their precious bitcoin and wait for the increase in price. and this is how people dealing here as some wanted to HODL while others wanted to circulate this cryto.

If both parties agree to the payment option, why not use it? Even if you have cash on hand, if the landlord prefers to be paid in Bitcoin, there's nothing wrong with that. Perhaps the rent money he receives is not used to support his daily needs, so he has decided to accept Bitcoin and add it directly to his Bitcoin holdings. This way, he wouldn't have to worry about fees and the steps involved in buying Bitcoin through an exchange.

Why not? If the owner doesn't mind

If we think from the tenant's perspective then spending precious bitcoin on rent won't sound like a good idea.
On the other hand, if I was the landlord then I would be more than happy to get the rent paid in bitcoin.
I would be getting bitcoin on regular intervals thus DCAing bitcoin automatically every month.

This can only be possible if the landlord accepts cryptocurrency as rent . Using cryptocurrency can be challenging for both landlords and tenants if the two disagree. Many are reluctant to accept it as a form of payment due to its decentralized nature .
Many times it becomes complicated to set up term and procces between two parties to manage the transaction considering factors like Bitcoin transaction fee and regulator .So I think the suitability of paying house rent with Bitcoin depends on the willingness and agreement of both parties with the digital currency.

My answer to that question is yes and no. For No, It isn't appropriate if the landlord doesn't know about crypto or even accept Bitcoin as payment for the house rent. For Yes, it is appropriate if the landlord is also a crypto enthusiast and the landlord also told you that he/she also accept Bitcoin as payment for the house rent but if the landlord didn't mention anything like that then you should ask the landlord if he/she would accept Bitcoin as payment for the house rent.

the contract implies the equivalent of 100 dollars in Bitcoin, which means that the amount is different every month. I know one freelancer, he receives a salary in dollars (usdt), some he also converts to local currency, some he converts to another crypto. Perhaps the person from the article has the same history, so he loses almost nothing and this is just another payment function and nothing more. It’s good that two people decided to make payments using this method. Moreover, it says that both are experienced users of cryptocurrency, so it’s beneficial for both.

I don't see anything wrong with using Bitcoin to pay up your house rent, buying a house or what have you, I mean the future of Bitcoin is general adoption, using bitcoin to pay for anything, starting from a cup of coffee in a cafe to buying bus and plane tickets. If you see using Bitcoin to pay for rent then that means you can't afford to see Bitcoin being generally adopted as day to day payment method which is actually the goal and vision.