I hope this house rent payment in Bitcoin will not lead to a similar case of . A man buys a Ferrari with bitcoin and gets an 18-month prison sentence.
The guy in question enters into a business agreement with someone paying a large sum of money in bitcoin, which the seller did not exchange immediately. After some time, she noticed the price was reducing, was taught it was fraud, and decided to file a law suit against the buyer.
Unless the landlord and the tenant reach an agreement that whatever the value and price of bitcoin turns out to be tomorrow, it will no longer be the concern of the tenant, as the landlord will be responsible for both the profit and loss that will come afterward.
We should look at this before talking about whether it's right or wrong to pay rent in bitcoin.
Topic: Paying house rent with bitcoin is it appropriate? - page 10. (Read 1352 times)
That depends on the landlord if they are Bitcoin lovers or enthusiasts. And the tenants he will hire must also know about the Bitcoin concept; if not, I think it will be more favorable to the house renter for sure.
That's why they only run into problems when there is congestion in the Bitcoin network. Maybe when there is such a congestion problem with the transaction fee, it is possible to pay him temporarily in cash for his house rent. So, therefore, this method is good because the landlord of Bitcoin can accumulate Bitcoin.
That's why they only run into problems when there is congestion in the Bitcoin network. Maybe when there is such a congestion problem with the transaction fee, it is possible to pay him temporarily in cash for his house rent. So, therefore, this method is good because the landlord of Bitcoin can accumulate Bitcoin.
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.
Well, putting aside that Bitcoin is a volatile asset that can also go down in value as well as up, the question would be, "what problem would this solve"?
In other words, how would this be any different than converting your Bitcoin to the sovereign currency and paying with that instead--something that could be accomplished in a few minutes?
In the real world, Bitcoin is an investment, not a currency. For transactions, no cryptocurrency can even remotely rival the efficiency of the worldwide credit card and banking system, let alone a pure digital currency specifically designed for efficient transactions.
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.
Where did you go wrong paying for your house with Bitcoin? Bitcoin is a type of currency with an electronic system so it is not wrong if people use Bitcoin to spend it, such as paying for a house or other payments like currency.
To me people paying for a house using Bitcoin doesn't sound strange and isn't like a mistake because they use Bitcoin as a currency function.
Still the same, for me Bitcoin is an alternative currency so there is nothing wrong with people spending it. Because Bitcoin is an asset that is able to maintain a hedge, so for users who use it as an investment asset it sounds like a mistake if someone uses Bitcoin as a means of paying because it can still be done to pay for a house using fiat currency.
My conclusion is that they are not wrong in using Bitcoin to pay for whatever they need with Bitcoin because Bitcoin is a currency that can be used as an investment asset for those who want to expect profits when the price experiences a large increase.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
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.
If you think this is not appropriate, how do you expect a massive adoption? Isn't it too simple a thing? If no one pays using Bitcoin, your Bitcoin will stay in a wallet and there won't be an increase in demand. I have said this many times already in several threads. If people do not use Bitcoin to pay for their regular expenses, why would some companies adopt Bitcoin?
Tesla started accepting Bitcoin a couple of years ago, I don't know if they stopped accepting Bitcoin or not. But let's say they still accept Bitcoin but nobody paying them using Bitcoin. So, what is the benefit of that adoption? This is the simple thing people have to think about.
It is a matter of choice whether the both party agreed to receive payment in fiat or bitcoin the major problems should be that since bitcoin is not legalized over there let it not lead into problems maybe who knows if it was prohibited over there or not. I don't care whatever someone uses his bitcoin to do, bitcoin is meant for spending and it's serving it purpose and no one should held down for spending their bitcoin and if i may asked do you know how much bitcoin is in his possession? Someone may have some thousands of bitcoin and decides to be spending them whenever or however he wants without anyone limiting him.
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.
People buy houses, buy cars, book hotels, pay for flight, pay for cruise, pay tuition fees in Bitcoin. So why would paying house rent in Bitcoin be a financial mistake? Bitcoin is a medium of exchange and can do what fiat does. Choosing to pay the landlord in bitcoin will not make the tenant go broke or make him not accumulate more Bitcoin for himself. It's very likely the tenant earns in Bitcoin and also I think the purpose of news is to encourage people to start accepting cryptocurrency in the country.
Why not? real estate price is always increase too.
Since the government ask the citizen to declare their total holdings, if not they will need to pay bigger tax, I guess this makes him want to spend his coins.
I guess this is just a diversification, that's fine even though he can't maximize his profit during the new Bitcoin's ATH.
Since the government ask the citizen to declare their total holdings, if not they will need to pay bigger tax, I guess this makes him want to spend his coins.
I guess this is just a diversification, that's fine even though he can't maximize his profit during the new Bitcoin's ATH.
The monthly payment under the sealed contract will equal $100 in Bitcoin. The tenant will transfer the funds monthly through Fiwind, a local crypto platform. The report highlights that both counterparties to the contract are experienced crypto users.
The government has also eased the path to legalizing crypto holdings even if they’re overdue on tax declarations. Under the framework of a regularization scheme, taxpayers would pay a flat tax on assets of 5% if they declare holdings by the end of March 2024, 10% from April and 15% from July until the end of September.
The government has also eased the path to legalizing crypto holdings even if they’re overdue on tax declarations. Under the framework of a regularization scheme, taxpayers would pay a flat tax on assets of 5% if they declare holdings by the end of March 2024, 10% from April and 15% from July until the end of September.
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.
depends how it is done
if you sell high buy low (accumulate via shorting your own stash(no margin no leverage no futures)) you can pay with the excess gains while retaining the main principle
also some people in argentina may have relatives working in america where the american relatives work for fiat. convert to btc and remit btc to their argentinian relatives landlord
however if you are a bitcoin investor and if you are doing the opposite of DCA where you are just depleting your stash each month. then not so much a good plan
if you sell high buy low (accumulate via shorting your own stash(no margin no leverage no futures)) you can pay with the excess gains while retaining the main principle
also some people in argentina may have relatives working in america where the american relatives work for fiat. convert to btc and remit btc to their argentinian relatives landlord
however if you are a bitcoin investor and if you are doing the opposite of DCA where you are just depleting your stash each month. then not so much a good plan
Paying house rent with bitcoin is a good thing and not a bad idea. You are using the current value of bitcoin, both in price and market value, to determine what you are going to pay for, and I don't see anything wrong with that.
Paying with fiat in the same amount total and also paying with bitcoin is still the same thing, provided that you and the landlord have a mutual agreement. If you have some bitcoin to spend, you can just pay it and let go, and you can always convert that fiat to bitcoin anytime you want and hold it as long as you want.
Mind you, there is no guarantee that the bitcoin price will keep its value as of when you pay the money, and till that time next year, the price might double, no doubt, or the price might also drop in value, which the landlord might be recording some loss if it has not yet sold out.
Paying with fiat in the same amount total and also paying with bitcoin is still the same thing, provided that you and the landlord have a mutual agreement. If you have some bitcoin to spend, you can just pay it and let go, and you can always convert that fiat to bitcoin anytime you want and hold it as long as you want.
Mind you, there is no guarantee that the bitcoin price will keep its value as of when you pay the money, and till that time next year, the price might double, no doubt, or the price might also drop in value, which the landlord might be recording some loss if it has not yet sold out.
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.
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.
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.
Jump to: