Topic: Paying house rent with bitcoin is it appropriate? - page 3. (Read 1352 times)

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.

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.

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.

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

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.

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.

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.

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 .
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.

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.

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.

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.


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.

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.

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.

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 would definitely have to agree with you that the money won't be able to gain any interest in the bank (at least not enough to be appealing), if you can help it hold onto your bitcoin and pay your mortgage in FIAT, however if you are in a bind and your landlord accepts BTC as payment then I would say that you're in luck although it is a shame you have to lose those SATs.

In this case i quite agree with what you said because in the end of course your decision is in the hands of everyone and as long as both parties (those who pay and those who are paid) are not bothered by what they do where bitcoin as an alternative to payment then why not because after all things like this in the end there must have been a joint decision first as a form of agreement. so, that in the end whether to use bitcoin or not it depends on the agreement.
As long as we do not feel burdened or indeed as long as it is still profitable then why not because in the end things like that depend on the perceptions we do.

op I can't agree with you because if bitcoin is legal in a country it is not unusual to rent a house in bitcoin currency. A variety of transactions are made with Bitcoin currency in countries where the government legalizes Bitcoin. If we talk about Australia Bitcoin currency is used in various restaurants  in Australia. The use of Bitcoin is increasing day by day so it is expected that in the future we will be able to buy not only house rent but also every thing with Bitcoin currency. If Bitcoin was legalized in our country, we would also have such facilities.

If it were the case that once you lost bitcoins you could never get them back then it would be natural to think like this. But just because you can collect bitcoins whenever you want doesn't mean you can't make any transactions with bitcoins. Moreover, when we came to know about Bitcoin, we came to know about Peer to Peer transactions where direct transactions are mentioned. The demand for Bitcoin is increasing day by day and as it is a part of trading, it has a lot of volatility and those who can exploit this volatility will definitely be gainers. Losing Bitcoin is definitely a loss for those who are long-term investors. But for those who consider it as a payment method, it can be a reliable means of transaction.

A clear and mutual agreement between tenant and landlord is crucial for making Bitcoin rent payments work smoothly. This agreement should address issues like conversion rates, timing of payments, and how losses due to price fluctuations will be handled.

Overall, paying rent with Bitcoin is an intriguing option, but it's not a decision to be taken lightly. Carefully weigh the potential benefits and drawbacks in your specific situation, and ensure a clear and comprehensive agreement with your landlord before taking the plunge. Remember, responsible and informed decision-making is key when navigating the exciting but volatile world of cryptocurrency.

It's also worth considering alternative solutions that combine the advantages of both worlds. For example, some platforms allow tenants to pay rent with fiat currency, while the platform simultaneously buys and holds Bitcoin on their behalf. This approach offers some protection against price volatility while still allowing tenants to potentially benefit from Bitcoin's potential for appreciation.

Bitcoin was born with the idea to be used and spent. I won't lie, I wouldn't pay my rent in bitcoin right now because I would prefer accumulate more instead because I think it will go up in value, but at the same time I would never judge someone because he chose to spent his bitcoins, actually he's doing a favor to the whole community. Had Laszlo never spent 10k for those pizzas who knows, bitcoin history could have ben totally different. Stupid people make fan of him because they don't understand what he actually did, he'll always be part of bitcoin's mile stones.