Paying house rent with bitcoin is it appropriate?

[Victorik]

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.

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.

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.

[YOSHIE]

Paying house rent with bitcoin is it appropriate?

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.

[TheUltraElite]

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.

[MFahad]

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.

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?

[puloweh555]

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.

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.

[Z-tight]

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 .

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.

[SOKO-DEKE]

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.

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.

[Ojima-ojo]

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.

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.

[mirakal]

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.

[rodskee]

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.

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.

[Dr.Osh]

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 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.

[fuguebtc]

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 .

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.

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?

[Wakate]

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 .

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.

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.

[Shamm]

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.

[Russlenat]

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.

[Ryu_Ar1]

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.

[Fatunad]

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 .

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.

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.

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.

[Odusko]

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.

[Mate2237]

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.

[TimeTeller]

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.