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Topic: Did a business proposal of paying 440 nights this Hotel for 1 BTC, October/2022 - page 2. (Read 515 times)

legendary
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Interesting story OP, it seems you have characteristics of a real pioneer. You are possibly the first person to attempt something like this, for such a long time.

I wish you good luck, please update the thread & share your stories during your (if successful) very long stay.
legendary
Activity: 3010
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The deal will be more interesting if the management agree in terms of bitcoin volatility; if the Bitcoin price hits 30k your duration will increase to 540 days and if it drops to 15k your stay will decrease to 340 days.  Grin

I think if the deal is made and payment is done, the hotel will exchange it for cash to avoid unnecessary loss if ever Bitcoin price crash in the upcoming months.  We all know Bitcoin is highly volatile and it will stay as is for several years.  It is also a practice of a business establishment to convert the payment if made in crypto in real-time.

It would be interesting to see what the hotel management's reaction to this.  I hope we can hear a positive reply from the hotel management.  @OP please keep us updated, thanks, and good luck!
hero member
Activity: 1008
Merit: 960
~snip~
Today I did tell at the reception that I would like a face-to-face with the management to discuss the possibility of paying for another 440 nights, so till the 14th January 2024, for a whole bitcoin (at the current price, 18-19/October/2022). If rejected, I could always go for booking it the same way I did these 13 nights of... Peace.  Cool

At current prices, that's basically around $45 per night. That's quite cheap for a hotel, at least in a western country.

Even if Bitcoin goes 10x in a year, paying $450 for a night is not unheard of in some expensive places, like Iceland for example.

If they accept the deal it could bring in some free marketing though, so maybe they end up accepting it.
hero member
Activity: 3150
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Well, they can just agree to take the whole bitcoin at current rate and then exchange that quickly so they basically get the $$ value from it which is around $19,000.

So, it's up to them if they'd be willing to go for negotiation to accept that 1 BTC and then they'll do the exchanging. It's not looking complex at all if the management knows how to do it.

How much is one night accomodation there? They'll have to compute it and for sure that some discounts will be applied if possible with that long stay.
legendary
Activity: 2478
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If he wants to stay in a hotel for 440 nights paying with fiat, that's not surprising but he wants to use bitcoin to pay for it.

I'd still call 440 nights in a hotel surprising even if he was paying in fiat. Grin

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But if the hotel can accept payment by bitcoin, they will probably allow it, but they may apply other rules because not many people want to stay at the hotel for long periods.
For a hotel if someone wants to pay in front for a long stay it's even better because they'll have the money available for loan payments and investment right away. This is probably the best deal they can get so if they're fine with the currency they should accept it.

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But what about bitcoin price fluctuations that will occur for more than a year? Can the hotel accept it because we see that bitcoin prices are always changing and if that happens and bitcoin prices are at their peak, you can stay longer than you want and vice versa?

If we're talking about an upfront deal they'll sell it right away. Businesses don't care about price fluctuations because they have an instant cash conversion deal with a payment processor.
legendary
Activity: 3080
Merit: 1500
I seriously think it is a win-win offer for the hotel where you are staying in. If they go ahead with this deal, the amount of free promotion they will get, is priceless! It will be a very similar incident like the pizza one but this time, the promotion will be insane.

Who knows, multiple bitcoiners can also travel to their hotel in future. In a nutshell, the hotel management is lucky that they are receiving such offer for free promotion and one bitcoin too!
legendary
Activity: 3234
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~snip~
I wouldn't spend a whole bitcoin at these lows.

Bitcoin should primarily be a currency, and the more people practice it, the better it will be for greater adaptation. In addition, the OP may have a larger number of BTC and one does not mean too much to him, and perhaps from his perspective $19k is not such a bad price if he invested in it a few dozen $ or only a few hundred $.
hero member
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If he wants to stay in a hotel for 440 nights paying with fiat, that's not surprising but he wants to use bitcoin to pay for it. But if the hotel can accept payment by bitcoin, they will probably allow it, but they may apply other rules because not many people want to stay at the hotel for long periods. But what about bitcoin price fluctuations that will occur for more than a year? Can the hotel accept it because we see that bitcoin prices are always changing and if that happens and bitcoin prices are at their peak, you can stay longer than you want and vice versa?
legendary
Activity: 2814
Merit: 1192
I don't know what to say, 440 days in a hotel is a bit strange for me, but obviously the OP has his own theory of the ideal vacation, in this case an extended one. In addition, it seems that he wants that event to become historic, and maybe enter the Guinness Book of Records as the longest stay in a hotel paid with Bitcoin.

I wouldn't spend a whole bitcoin at these lows.

I also wouldn't spend a whole bitcoin just to sit in a hotel. If it was some tropical island during Winter, maybe, but OP is booking for Autumn and Winter in the UK. That's like the exact opposite of where I wouldn't want to be in those months.

Weird as it is, if they agree, I hope it gets media attention.

>> daniel 'at ' sweetanita_com
Are you using that streamer girl solely for optimization or is there more to it? Cheesy
legendary
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I don't know what to say, 440 days in a hotel is a bit strange for me, but obviously the OP has his own theory of the ideal vacation, in this case an extended one. In addition, it seems that he wants that event to become historic, and maybe enter the Guinness Book of Records as the longest stay in a hotel paid with Bitcoin.



Pablo Iglesias? The Spanish politician? I don't know what he has to do with bitcoin. You made me search the internet and I don't see anything.

I think that it has nothing to do with Bitcoin, but with what the OP mentioned next to his name, which is the so-called UBI (Universal Basic Income). As far as I know (and you probably know better) they, with their ideas based on ideologies, almost disappeared from the political scene after they got the chance to do something. I know how they work because we have an identical party in my country (they literally have the same name) and since they took over the capital, in a little over a year they managed to turn it into one big garbage dump.
hero member
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Kind regards, Sir. I can't imagine how you are willing to make yourself so transparent here. Informing us of your location, booking a hotel for 440 nights with 1 Bitcoin or more, and the CEO of Cubic Postcode, I hope it's safe to do that.
In my country it's not so safe to be too open because it may attract some frauders and criminals around you.

However, your offer is good for the hotel, though, if it is considered. You will probably be in the hotel till 2024, which is the expected year for the next Bitcoin halving. Don't also hesitate to give feedback if your offer gets granted.
sr. member
Activity: 672
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stead.builders

Today I did tell at the reception that I would like a face-to-face with the management to discuss the possibility of paying for another 440 nights, so till the 14th January 2024, for a whole bitcoin (at the current price, 18-19/October/2022). If rejected, I could always go for booking it the same way I did these 13 nights of... Peace

You may try your luck and see if it worked out that they accept bitcoin and in doing so, you have also increase the rate to bitcoin adoption in you own way, though i think the money in question is much and no hotel will not want to sign a deal of long term check-in like you've brought in, also consider it a fifty by fifty on chance of accepting this offer because some people or companies are yet to start the acceptance of bitcoin for their payments but giving a try is the first defeat on rejection, good luck.
hero member
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The deal will be more interesting if the management agree in terms of bitcoin volatility; if the Bitcoin price hits 30k your duration will increase to 540 days and if it drops to 15k your stay will decrease to 340 days.  Grin
legendary
Activity: 3234
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If the management have known about bitcoin, surely they'll say yes to his request. During the pandemic several businesses ran out of money and some businesses (particularly food chain) survived as they had been accepting bitcoin for a long and kept specific part of the income as reserve. The price pumping that happened during the pandemic helped those manegement continue their business when many were shutting down.

The business of a Bitcoin standard
legendary
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Pablo Iglesias? The Spanish politician? I don't know what he has to do with bitcoin. You made me search the internet and I don't see anything.

Well, keep us informed if you are allowed to pay with bitcoin, but I wouldn't mix such a controversial politician in this, especially when as far as I know he has nothing to do with bitcoin.
legendary
Activity: 1122
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ASMR El Salvador
Hello good morning everyone! I am having a great time now in my holidays in South-West England.
I booked till the 31st of the current month, so my check-out will be that day, on Halloween 2022!

Bitcoin was literally what is allowing me to survive and escape the terrible circumstances and injustice I was living on (EURONEWS).

Today I did tell at the reception that I would like a face-to-face with the management to discuss the possibility of paying for another 440 nights, so till the 14th January 2024, for a whole bitcoin (at the current price, 18-19/October/2022). If rejected, I could always go for booking it the same way I did these 13 nights of... Peace.  Cool

I told them that I did not require that at all but that I was open for the press being invited to celebrate the deal and people like "Nayib Bukele" (President of 'El Salvador'), "Pablo Iglesias" (a great evangelist and advocate for Universal Unconditional Basic Income and the likes of bitcoiners and people like Ms Stacy Herbert and Max Keiser).

Please may you receive an invitation too, if the deal happens and ends up being historical and celebrated.

By the way, I am the creator of 'Cubic Postcode'. And I filled, in Great Britain, the patent GB2456000.
And no, I am not rich. I am saving money to survive and thrive!

>> - remotemass
>> daniel 'at ' sweetanita_com
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