Paying house rent with bitcoin is it appropriate?

[Baki202]

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.

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.

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[Ale88]

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.

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.

[Nheer]

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?

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.

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.

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.

[dezoel]

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.

[Kuntus]

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.

[peter0425]

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.

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 .

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.

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.

[Miles2006]

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.

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.

[angrybirdy]

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.

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.

[EarnOnVictor]

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.

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.

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.

[glendall]

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

[boyptc]

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.

[Justbillywitt]

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.

[umbara ardian]

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.

[babarapalvin2]

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.

[legiteum]

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 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.

[Nangiconference]

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 you have bitcoin and be homeless,what is the essence of keeping it. Bitcoin is money, and what is money money is anything generally acceptable as a means of payment for goods and services.
But it is pertinent to have a mutual and legal agreement between you and your landlord due to unforcing circumstances that may arise in the form devaluation of bitcoin price to avoid having an unequitable value for the rent you paid in the near future however if the price rises the landlord be at beneficial position.

[|MINER|]

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.

[LastKiss]

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.

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.

[MarjorieZimmermanGinger]

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.

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.

[Nechiequ]

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.

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.