Paying house rent with bitcoin is it appropriate?

[Crypto Library]

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.

[Reatim]

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?

[Bitco55]

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.

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?

[Renampun]

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.

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.

[Viscore]

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.

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.

[Casdinyard]

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.

[BitcoinTurk]

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.

[GeorgeJohn]

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.

[romero121]

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.

[virasog]

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.

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.

[kawetsriyanto]

Paying for a house with bitcoin sounds to me a mistake or lack of financial knowledge. Bitcoin is better than Fiat.

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.

Why then would one spend Bitcoin instead of fiat on a house rent which may expire in few years?

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

Moreover the house owner will not hold the Bitcoin.

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.

[LesterD]

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.

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.

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.

[mvdheuvel1983]

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'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.

[Nothingtodo]

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.

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.

[Xampeuu]

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'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.

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

[Samlucky O]

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 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 .

[coinerer]

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.

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

[BALIK]

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.

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.

[dezoel]

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.

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.

[bettercrypto]

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?

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.