You receive 1 bitcoin, but you must spend it on alts or buy something offline...

[Grizzly888]

Imagine that you receive 1 BTC from someone, but the deal has a few rules:

1. Received 1 bitcoin must be spent in the next 24 hours
2. You can spend it only on other crypto (alts) or on buying something offline
3. You can't buy alt and sell it to get BTC back

What would you do and why?

As about me, I would spend 0.5 btc on ethereum, 0.45 btc on my business and 0.05 btc on books (hahah, my to read list becomes bigger and bigger).

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[Grizzly888]

Imagine that you receive 1 BTC from someone, but the deal has a few rules:

1. Received 1 bitcoin must be spent in the next 24 hours
2. You can spend it only on other crypto (alts) or on buying something offline
3. You can't buy alt and sell it to get BTC back

What would you do and why?

As about me, I would spend 0.5 btc on ethereum, 0.45 btc on my business and 0.05 btc on books (hahah, my to read list becomes bigger and bigger).

As I see, such topics are not welcome on the forum due to low value etc. I didn't see that in the rules before, so I am sorry for that. Next time will be more attentive.

[EL MOHA]

I will definitely be starting up a little business, I have alway wanted to start livestock farming most especially fish farming and 0.5btc is ok to start the business and the other half to buy altcoin will be spent on monero, aside bitcoin it is the only coin I can say I trust due to its decentralization. All the other top cryptocurrencies like ETH and stablecoins are too risk for me to invest this huge amount on

[mk4]

Already too over-allocated with my investments — so.. USDT/USDC are technically alts, right? So I'd go for either of those. Can't really think of anything to purchase in real life because I'm not as materialistic as I was back in 2017. So basically, stablecoins, or fiat.

[Stalker22]

What if I spend Bitcoin to buy Monero, move the coins to a fresh wallet, and then use Monero to buy Bitcoin again? Did I just find a loophole? 

[thecodebear]

With only 24 hours...I'd just buy Ethereum and stake it to start making some income from that.



If I had a decent amount of prep time maybe I'd find a small piece of land to buy with it, and spend a few hundred of it to update my wardrobe.

Can't think of anything else I could use ~$35k to buy offline since I don't need a new car. I mean right now if someone suddenly gave me $35k USD I'd put like $10k in savings, take a luxurious $5k vacation to somewhere warm for a couple weeks next month, and put the other $20k into Bitcoin haha

[Bureau]

I would go ahead and buy shares of Microstrategy if it comes under offline purchase. I would spend .5 Bitcoin on it and the rest I will invest Ethereum and then stake it. In all case none one would get Bitcoin for free  , with such weird clauses
 

[hugeblack]

What if I spend Bitcoin to buy Monero, move the coins to a fresh wallet, and then use Monero to buy Bitcoin again? Did I just find a loophole? 

Or send it to a mixer, the link is in my signature.

Frankly, this scenario will not happen, as there is no one who gives you money for free, but it is an indirect way to ask a traditional question: If I have 34k and do not want to invest in Bitcoin, what is the best altcoin that I can invest in?

The list of the best altcoins varies according to your investment. If it is long-term, I suggest Ethereum, Monero, Polygon as the best options
For short-term investment, I will rely on the news and technical analysis, but it is always better to invest in Bitcoin.

[nakamura12]

I would sell the BTC to fiat and ETH and then use some of it (Fiat) to start a small business and buy a car to have my own vehicle. I would also buy food to eat even though it won't take much to the money I will get if I sell 1 BTC to fiat (in my local currency). There's no rule about not spending the money when it is in Fiat right?, then that's what I will do if It is while I also have ETH even though we cannot use ETH to buy BTC or just sell BTC to Fiat and then fiat to BTC since there's no rule about not selling to fiat and buy BTC back. Just having fine answering this one although no one will give you such amount of BTC just to make you spend it within 24 hours.

[SamReomo]

Imagine that you receive 1 BTC from someone, but the deal has a few rules:

1. Received 1 bitcoin must be spent in the next 24 hours
2. You can spend it only on other crypto (alts) or on buying something offline
3. You can't buy alt and sell it to get BTC back

What would you do and why?

As about me, I would spend 0.5 btc on ethereum, 0.45 btc on my business and 0.05 btc on books (hahah, my to read list becomes bigger and bigger).

That sound funny to me as no one is going to give you 1 Bitcoin for free in real life but in dreams or in imagination we can think anything we want. Let's say that if someone gives me 1 Bitcoin in theory and I'm allowed to spend it on other altcoins or buying something offline then I'll go with the route of offline purchase rather than buying any altcoins.

The altcoins aren't as good as Bitcoin and investing that money into any altcoins could be a huge risk and I won't take such risks anymore so I will better go with an offline purchase. I have many options in offline purchases and there's literally no limits on things that could give me some profits here and there in offline world.

I would never spend 0.05 Bitcoin on books as that would be the worst investment ever because I can get so many e-books on my Kindle with much cheaper rates and there are so many free e-books that I can read without investing a penny. In my country the cost of purchasing a good 2nd hand kindle e-reader is around $15 and it would be stupidity to spend 0.05 Bitcoin on books which you can't even read in many years.

[ChiBitCTy]

Interesting topic. I would put half of it in Ethereum as well. The other half I would put a large percentage in Monero and Litecoin. Besides bitcoin, I believe Monero is the best coin with the best utility. Ethereum is up there but I know it’s become more of a centralized platform that has plenty of issues to deal with (not that Bitcoin doesn’t as well).

ETH- 50%
XMR-25%
LTC- 25%