Post
Topic
Board Bitcoin Discussion
Re: Paying house rent with bitcoin is it appropriate?
by
Xampeuu
on 30/01/2024, 03:36:14 UTC
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