What would happen if a group/person bought all the bitcoin in circulation.

[Dabs]

Microsoft accepts bitcoin.

https://commerce.microsoft.com/PaymentHub/Help/Right?helppagename=CSV_BitcoinHowTo.htm
http://money.cnn.com/2014/12/11/technology/microsoft-bitcoin/index.html

So, you could buy Windows 11 when it comes out.

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It would eventually have to eat its own tail to keep this going...

[HarHarHar9965]

Hello. I was just thinking: what would happen if someone or a group of people such as Bill Gates, decided to purchased all the bitcoin in circulation, or a majority of it anyway.

They could purchase it for $500 per Bitcoin.
Then, due to the hightened demand and lack of any other way of getting bitcoin, they could be sold on for more than $1000. Making a $500/unit increase.

If anyone buy all the bitcoins means Bitcoin will be demand in the world Then automatically Bitcoin price will reach to more than 10000$ which can equal one bitcoin. According to speculators In the year 2068 Bitcoin will move to demand and every month we can see only one bitcoin as mining

[Amph]

impossible, the available coins on the market are no where near the actual available coins, that are held in many wallet

many will not sell for less than the last ath(those who bought at least) and i know i would not either

so at first if they want to buy everything they must increase the demand a lot, and thus the value will skyrocket in the range of 1k-10k

then they will sell at a even higher value

[BruceLee007]

i dont think it could happen because not all bitcoins are on sale though if it would happen then the price would either grow a lot if the buyer would hold it or it would go down as people would be afraid to use it because of possible decrease in price if the person who bought it would dump it all at once

[Meuh6879]

So, you could buy Windows 11 when it comes out.

[HS]

  you want buy Win10 ? Seriously ?
I prefer Ubuntu now because it has color on icons ... useless commercial OS !  

In my country, many seller propose laptop now with no OS (FreeDOS) ... and this is very good !

[/HS]

[Eric Cartman]

Impossible, only a tiny amount of BTC is in sell order or even lying around in exchanges.

And there are so many exchanges, so you would cause a short term pump, but little long term effect and would lose money

[European Central Bank]

There would be the biggest rise in the history of finance and the most epic and fatal crash. It would ring down through the aeons.

[smiles]

This hypothetical scenario would represent a massive transfer of wealth from the person buying the bitcoins to the people selling them.

[CoinCidental]

This hypothetical scenario would represent a massive transfer of wealth from the person buying the bitcoins to the people selling them.

Unless they are the same person, aka an exchange or massive pool

[ultimatesky]

As most people said, there are not enough coins out there to even be bought by someone like Bill Gates. If this does happen I think the value of bitcoin will go up because there's not enough out there to be mined by all of us.

[bitmarket.net]

It is a question of supply and demand.
Unless the buyer kept buying indefinetly, the price would increase initially, but then fall back down to its equilibrium.

Higher price would attract more sellers and more miners, thus increaing the supply of bitcoins on the market, which would drive the price down.

[Newcoins2020]

I think that Bill Gates don't have time to just buy all the bitcoins in the world if he has all the bitcoins I think it won't be worth after all. That man have all the money of the world so yeah. Buying all the bitcoin where is going to store those coins than is so massive. So we will see if some one have 500K of bitcoin how the storage of him will work.

[David Rabahy]

Hello. I was just thinking: what would happen if someone or a group of people such as Bill Gates, decided to purchased all the bitcoin in circulation, or a majority of it anyway.

They could purchase it for $500 per Bitcoin.
Then, due to the hightened demand and lack of any other way of getting bitcoin, they could be sold on for more than $1000. Making a $500/unit increase.

Making the decision and actually doing it are two different things.

Your prices are speculative and unlikely to be accurate.

[ajareselde]

Hello. I was just thinking: what would happen if someone or a group of people such as Bill Gates, decided to purchased all the bitcoin in circulation, or a majority of it anyway.

They could purchase it for $500 per Bitcoin.
Then, due to the hightened demand and lack of any other way of getting bitcoin, they could be sold on for more than $1000. Making a $500/unit increase.

Making the decision and actually doing it are two different things.

Your prices are speculative and unlikely to be accurate.

Not to mention that with the current price, bitcoin market capital is $ ~ 7 000 000 000 , and if someone was to start buying like that, it would
raise the price to such levels that you would be left with no fiat to buy the remaining coins. Also there are always people that would never sell,
or never sell a portion of their holdings. Either way you turn it , it's safe to say that noone can buy majority of bitcoin, but each attempt would
surely lead to high increase in price.

[n691309]

If someone or anyone wants to buy a high volume of bitcoin then the price of bitcoin will be increased due to the low number of sell orders so the depth is not deeper so the price will be increased definitely.

[DieJohnny]

nobody will ever be able to buy them all because there are millions that are held by the staunchest longs.

However, it would only take one whale to move the entire market many billions...... if he held long enough for the demand to catch up at the new price then he could feasibly make a profit, however, if you double the price buy buying millions of coins, then you have to have double the dollar volume to unload them.... so you would have to hold off on selling for a while.

[Dabs]

So, you could buy Windows 11 when it comes out.

[HS]

  you want buy Win10 ? Seriously ?
I prefer Ubuntu now because it has color on icons ... useless commercial OS !  

In my country, many seller propose laptop now with no OS (FreeDOS) ... and this is very good !

[/HS]

That was a joke. I'd never directly pay for a Microsoft consumer client OS... I'm on volume licensing, so someone else paid it for me. Win10 is actually not bad, but don't believe the hype, it is still a "beta" version.

[mobnepal]

I think bitcoin will not survive because it will become centralized one. Bitcoin need to be distributed worldwide to get more adoption and rise of price. One man buying all will kill bitcoin.

[newcoins1978]

It would give this person/group a lot of power. Since they control supply they can control the price.
Eventually this could be the end for bitcoin.