Bitcoin Forum

If a Fortune 100 company offered to buy bitcoin. How much would you settle for? The other stipulation is that they require 80% 90% of all available Bitcoin.

Is it 80% or 90%?

Even $20 is high.  I'd happily sell out for 2x market value and just roll it over into Bitcoin2.

Maybe I'm misunderstanding the question, but if a Fortune 500 company wanted to buy 90% of all the Bitcoin why wouldn't they just get online and buy it for the current market rate?   If I'm misunderstanding, please clarify what the poll prices represent.   Bitcoin users can't sell Bitcoin itself, the operation I mean ...


Frank

Yes, the question is a bit ambiguous.

Are you asking:

How much would you settle for in terms of USD/Bitcoin?

or

How much would you settle for in terms of USD for 80% of all Bitcoins?

Pretty clearly the former.  $1000 for 80% of everything is not plausible.

@fm1234:  A market order for 80% of everything would buy all the order books and then leave them waiting for anyone to make an offer, and they'd be stuck taking ANY offer (which would go sky high).  It would have to be an all-or-nothing order, which some exchanges allow.

Why would a company ever want to buy all the bitcoins? Even if they do get control of the economy, people would just stop using bitcoins.

Nothing in the question is plausible. Anyone can start a new blockchain.

I'm sensing the OP misunderstands what Bitcoin is and how it works..

No one could stop the spreading of bitcoin world.

To be clear. If a business has billions in cash sitting around and were willing to buy 7.5 milliom bitcoins, how much would each bitcoin be worth to you? Let's just say that the would require ID and a contract to sell. The contract would be null and void if they did not receive 90% of the outstanding bitcoin. This is an excercise to find what people feel bitcoin is worth. The remaining 12.5 M bitcoin are still still up for grabs by miners.

i'd settle for $100 each.


oh now i gotta send ID to someone and sign a contract? better make it $10,000 each for the inconvenience and privacy issues / red tape.

The market most likely will suffer forever. The remaining 20% can crash in price anytime since the fat guy can release his coins and crash the price.

If I had unlimited resources and I wanted to buy 80% of bitcoins available I will do it stealthy and with current market price. This also inevitably will drive the price up.

Ok, changed it. The million dollars would not be possible by any single country (I think), but you never know.

If you said "I would refuse any offer", you're lying.

I think this would be a simple rebellion against the status quo and faith in the success of Bitcoin. Long Live Bitcoin!

Oh ok, $50000 a pop would be enough in my case then. And I'd make sure to keep a few BTC cents.

I put $1000 per.  With that I could finish paying off my house, and be tied to the banks no more! :)
 
I'd save at least one coin, maybe transferring at least one coin to other wallets I have.  But I'd definitely get my house paid off.

How much would I settle for so that someone can buy all Bitcoins? This makes no sense and should not be allowed according to the rules this economy agreed to work on. I refuse all offers that include anything but normal trading of exactly the coins I have.

Just to make this clear, I don't treat Bitcoin as a democracy. People do not have the right to sell "all of Bitcoin". If someone wants to buy every last coin, he has to do it normally, and this should be impossible.

If you want to have "just" the majority of my coins... try a rally right now, you might get them before double-digits. That's speculation for 'ya. 8)

I did say 90%, not all. I guesstimate 5% are lost and folks would hang onto a few percent. This is purely hypothetical and is highly unlikely to happen. So you do have a price, you just won't say.

TradeHill go,
Some OPEN_MIND BANK jump in.
I say $300

How ridiculous this question is ... "I would refuse any offer" got 36%. That is more than 10% (of the users (of a small sample of all users)). End of debate.

You never know if there is not already a company owning 90% of all bitcoins. Maybe paxum decided to buy in so the just dropped the price a bit yesterday.

Well, I have one for 90% of my Bitcoins. But, for one it changes all the time, and more importantly, I can't tell what other people would charge for their Bitcoins, or how many are lost exactly, etc. I can answer a lot about what I would do, but "all of Bitcoin" appears fairly illiquid to me, so who knows what would happen? The offer itself would value Bitcoin high enough for those who keep them, no? Hard to think in this kind of scenario.

It's not just that I'm not telling, I can't decipher the question in a way that gives a clear result. Either it's my current speculation price, which I won't tell of course and is probably below the lowest entry in the list, or it's some price that is affected by the fact that some large company decided something concerning Bitcoin -- which is too fuzzy in this formulation. that said, I wouldn't know how to answer if I wanted to.

If you don't think it's going to go up much then think about what you would sell it for. Remember there are still 12.5M more Bitcoin available in the future. This would not be a full buyout of all Bitcoin. You could always get back in the game at whatever level you think it would be after such a buyout.

$10,000 is ballpark assuming adjustment for inflation.

A better metric for me would be gold, and my ballpark valuation would be 1BTC/ounce-AU (since I consider gold to be undervalued at this time.)