What happen "if" someone have all of bitcoin?

[20kevin20]

If someone would own all the Bitcoins that exist, I think there are two possibilities: Bitcoin will either completely lose its value or the price will go up a LOT. I think the second one can't really be possible because the demand will be missing. For example, we are saving on BTC but the demand still keeps rising. Even if there are Bitcoin wallets that are lost, the demand still exists. If anyone has ALL the BTC existing, nobody will be able to buy it, so the demand will go 0.

[4Y078]

This is a silly question. "The answer depends upon the Question?" Even if you could compromised blockchain it is not possible that someone can take over all the bitcoin because there are many wallets which users store there BTC and at the meantime there are users who store BTC in there body by implanting some hardware wallet. Some people use's paper wallet any many more beyond.

But if i had all the btc in my wallet the value of the btc will be 0.00 and no one would care about bitcoin anymore.

Hope this helps

[QuantumFoam]

Even if someone buys all of the bitcoins (from circulation) and if the demand of bitcoin remains constant then the price would reach very high level. On the other hand if the demand falls for any reason then the price will decrease (but not to 0 until even a single person  shows interest in buying bitcoins from him). This case is possible in new alt coins but I don't think it's possible in the case of bitcoin.

[xuan87]

there is a chance that someone will owned all the coin, but if it monopolized by one person then bitcoin won't have any value, because there is no single transaction using bitcoin and nothing can be controlled since there is no value in the coin, and the exchanger will just exchange other crypto currencies, but to own all of the coin will be a stupid action

[mrjoy15]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

Be Honest.Could not possible at all.By hard working you can make good money using bitcoin but get 21 million of bitcoin just only dream!!
As we know there will never be more than 21 million bitcoins(MAX) in circulation.How it possible to control this MAX limit of bitcoins to a specific person,generally you can't.Yes,It could imagination only there no exchange will not working until that guy sell some his bitcoin.

[savioroshan]

Answer is Very simple .It will become worthless. If total bitcoin is owned by one person it will become worthless. What he will do with that? TBitcoins price increases only if everybody in the world start using it.I dont think anybody will buy from him also. If nobody is using it then there wont be demand for bitcoins and therefore there wont be any exchanges .More supply of bitcoins increases the price . Here there is no demand so its price wont increase. It will just remain as a software token in his desktop wallet who owns all bitcoins without any worth in his wallet.There wont be any use for him also who owns whole bitcoins  This is my opinion.

[jtipt]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?
• If impossible, are that guy can control it?
• Is any exchange will not working until that guy sell some his bitcoin?

In theory yes a single person can own all the bitcoin, 21 Million bitcoin is roughly 18 Billion dollars at today's rate and there are few people who can buy all the 21 million BTC but its highly improbable for that person to get each and every btc from each and address for himself some of the btc are just lost in some lost addresses. And I'm sorry but i cant understand your other two questions.

[thisappointed]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?

Yes, someone can get 21 million of bitcoin for himself but it would take some time to save this big amount of bitcoin since earning bitcoin is not that easy because of the risks that we are going to face in this world of cryptocurrency.

• If impossible, are that guy can control it?

No, this guy can't control the whole bitcoin that are existing in the crypto world. The only bitcoin that he can have control is his own bitcoin. He can choose whether he will sell it or hold it, that's the only control he have.

• Is any exchange will not working until that guy sell some his bitcoin?

Indeed, because 21 million is big amount of bitcoin to have of an individual, so let's just say that all of the bitcoins are in his wallet, so technically there will be no any exchange in the blockchain until this guy sell his bitcoins, to have a cycle again of bitcoin in the bitcoin network.

[Zadicar]

Anyone like bitcoin because bitcoin offer transparency in transactions, and some excellence rather than use currency transactions. In my mind i have many question about it.

• Is there some one can get 21 million of bitcoin for himself?

Yes, someone can get 21 million of bitcoin for himself but it would take some time to save this big amount of bitcoin since earning bitcoin is not that easy because of the risks that we are going to face in this world of cryptocurrency.

• If impossible, are that guy can control it?

No, this guy can't control the whole bitcoin that are existing in the crypto world. The only bitcoin that he can have control is his own bitcoin. He can choose whether he will sell it or hold it, that's the only control he have.

• Is any exchange will not working until that guy sell some his bitcoin?

Indeed, because 21 million is big amount of bitcoin to have of an individual, so let's just say that all of the bitcoins are in his wallet, so technically there will be no any exchange in the blockchain until this guy sell his bitcoins, to have a cycle again of bitcoin in the bitcoin network.

[/b]

There will be no circulation which means bitcoin would be no value and you are right there will be no exchanges since there is no other people who uses it. This mindset or idea is just nonsense since all bitcoin havent been mined yet.

[EcoNorm]

then it would mean nothing since nobody would accept beacuse only one guy can pay with it XD

[RodeoX]

then it would mean nothing since nobody would accept beacuse only one guy can pay with it XD

But what if that someone was Hitler! Just kidding. I think you are right. 

[Victorycoin]

there is a chance that someone will owned all the coin, but if it monopolized by one person then bitcoin won't have any value, because there is no single transaction using bitcoin and nothing can be controlled since there is no value in the coin, and the exchanger will just exchange other crypto currencies, but to own all of the coin will be a stupid action

One person monopolizing all the Bitcoin there is, that is simply not possible or imaginable. What kind of service would such a person render as to corner everyone's holding? If maybe Satoshi Nakamoto, left something that could steal everyone's coin, which I strongly doubt, then it would ultimately become worthless in his hand, because the true value of the coin is in the number of people solidly behind it.

[Mastsetad]

1: For saying, it is of course possible for someone to hold all the coins, as long as he convinces all the bitcoin holders to sell their coins to him for a particular rate, which is really unlikely to happen.

2: If only one person is having all the coins, then probably the price wont be moving here and there which means it is totally under his control. If he does something with them then the price might start moving but that wont have a point as long as none of us will have a part of it.

3: Exchanges will surely keep running as there are other coins in circulation too, but not just bitcoin. There will be no trading against bitcoin for sure but the exchanges will keep functioning with alt coins i guess.

[bitbunnny]

Impossible situation. Like someone had all dollars in the world, just can't happen. But in theory if just one person had all the coins, what would be the use of these coins? None. And they would be completely worthless, no one besides that person could use them, so what would be the point.

[Dr.Osh]

if bitcoin owned only one person, I think it will not have a price. Well, bitcoin has a high price because people want it. if only someone who has it, may bitcoin will not have a price, and I believe, one of altcoin will replace the position of bitcoin. but, it is not possible at this time  .

[bamboylee]

You are too greedy if you want to own 21 million bitcoins by yourself. Right now it is not possible to own all the 21 million bitcoins because some are already lost. And I will not do it even if I can and it is possible because I will render bitcoin useless if I do so.

[jacafbiz]

In theory he picture painted is possible but in practice is not, the more he buys and hold, the more the price shoot up and there will be some people that it will only take insane price offer for than to part with their BTC since everyone has a price. Can he afford to pay $1 million for one BTC

[Tanic]

Theatrically it is pretty possible, but where to take all this bitcoins? They get spreaded over the world. But I think if someone will Stewart to buy bitcoins the price will rise and every new bitcoin will cost more than the previous one.

[el kaka22]

Theatrically it is pretty possible, but where to take all this bitcoins? They get spreaded over the world. But I think if someone will Stewart to buy bitcoins the price will rise and every new bitcoin will cost more than the previous one.

I guess even theoretically also it will not be possible as there are a lot of bitcoins were permanently lost (burnt). One rich man will be able to buy only the offered bitcoins and not the stored bitcoins. There will be no guarantee that everyone will be ready to sell to him.

For an assumption if it will happen,
- price of bitcoin will be decided by that one person.
- bitcoin mining will be highly profitable.
- Exchanges may start providing tether-bitcoins for trading purposes.

[whizter]

Theatrically it is pretty possible, but where to take all this bitcoins? They get spreaded over the world. But I think if someone will Stewart to buy bitcoins the price will rise and every new bitcoin will cost more than the previous one.

yes that is a fact that it is not such an easy take. we can see that bitcoin  is distributed in all over the world, i think it is not even possible that all the bitcoin to be release.