Paying house rent with bitcoin is it appropriate?

[dunfida]

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.

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!

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.

[Oasisman]

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.

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?

[hatshepsut93]

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.

[Ojima-ojo]

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.

[tabas]

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?

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.

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.

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.

[btc78]

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

[pinggoki]

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.

[Biggeno]

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.

[wxa7115]

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.

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.

[Alpha Marine]

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.

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.

[RockBell]

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

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.

[CryptoBuds]

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.

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.

[gabbie2010]

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.

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.

[Natsuu]

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.

[KiaKia]

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.

[DeathAngel]

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.

[thiagothx1370]

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.

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.

[michellee]

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.

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.

[Hamphser]

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.

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.

[HelliumZ]

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.

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.