What if someone bought up all the existing bitcoins?

[dablatair]

hello,

Finally not so strange question because it is really interesting to think about it and made a lot of comments.

Of course it is impossible to buy all of them, by value, but also by feasability because there will always be lost or impossible to buy.

Let's dream if it is possible I would surely be kind for the buyer and keep my BTC to the moon

[RoyalLotus]

If that happens there will be no other deal, and certainly the bitcoin price will decrease. That's just my opinion. In a way that an individual can not buy all the gold around the globe, BTC is the digital currency required by many investors to believe in money and be willing to continue investing.

[becklyn06]

Buying up all the bitcoin by one fellow sounds really funny and i find quite impossible now here is why?
There are new bitcoins continually entering circulation by way of mining and i read that, there are bitcoins in cold storage that are not available for sale,.

[Elerntta]

I do not think that there is a person who is willing to spend a lot of money on such an unstable currency as bitcoin. Moreover, not all the coins have been mined, and some have already been lost.

[BlackRacerX]

Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have
some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all,
or most, of all the bitcoins that exist.

Will it be just like the existing economic system where the rich get richer on the backs of the poor?
Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?

I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it
is FUD or how feasible any of it is at all at all.  

Please help me understand and ease my mind in regard to this issue.


Thank you

I think once all of the bitcoins have been bought in the circulation, if there is still a demand for bitcoins, then you will have the complete control of the price per bitcoin. You can set the price and sell the bitcoin at whatever price you want. Therefore, you control the market for bitcoins by monopolizing it.

[Ethan Argu]

For me, it is possible if the bitcoin drops to its lowest price. If anyone can afford to buy bitcoin and anyone can buy many as they can afford. Bitcoin can't run out depends on how many people will buy. In the market, today bitcoin is still on the ground of its lowest price. So many of the investors still buying for the bitcoin individually because of inflation of price.

[bitcon]

That will be the news of the century. Have you also thought about if that pers9n buys all, what will be the sense when you have noother peron to trade with later on because you have all. Every other person will be with fiat and that person will alone be handling bitcoin, like where is the sense in that?

The whales have been already holding the majority of Bitcoins. Naturally, it gives them all the chances to manipulate the market prices. However, I do not think that a single person will ever buy all BTC.

[Mandarava]

In fact, to buy all the existing bitcoins will need too much money. One person will not be able to do this because it will take too many resources to accomplish this mission. It's impossible. But I agree that a very large number of bitcoins belong now to a small number of people. I think that this should not be so.

[DisWhale]

There are 21 million Bitcoin in existence with only a few mined. The concept of one person buying all existing Bitcoin is not feasible because all existing Bitcoin is not in one depository where an individual can walk in and purchase all. Bitcoin is suppose to circulate in order to fulfill its goal as a currency.

[B.]

In fact, to buy all the existing bitcoins will need too much money. One person will not be able to do this because it will take too many resources to accomplish this mission. It's impossible. But I agree that a very large number of bitcoins belong now to a small number of people. I think that this should not be so.

more precisely, bitcoin can be controlled by a group of people in a conspiracy. but it still does not exceed 40% because the distribution of bitcoin is evenly distributed

Currency is always synonymous with political affiliation, if one day bitcoin is legalized, then we can predict what will happen if there is a group in their country that has bitcoin at a 15-20% ratio, in my opinion, full decentralization is not entirely good for the future financial and real business.

[Siren]

It is more possible that a cow to enter the needle hole than this stupidity happens,more than half of bitcoin are being owned and for those holder to sell their precious coin might be $100,000-1,000,000 things that for sure cannot be afford by single individual or even a company so stop dreaming and prepare your dinner maybe thats a cause of hunger

But if this happens ,i will quit this market since for sure this will be manipulated as one man or team will handle all the bitcoin in circulation