If they can print unlimited fiat, can they just not buy up all the bitcoin?

[Lalafell]

Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value. It was introduced as an alternative to commoditymoney and representative money. Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Printing more money will simply spread the value of the existing goods and services around a larger number of dollars. This is called inflation.

[amadorj76]

its impossible to create unlimited fiat, you have to spend millions or billions for creating an enormous amount of fiat, if creating a money is free, then the government doesn't need to loan from other countries a money, or they don't need to collect taxes from the people.

[shield132]

I guess when you print a lot of money, value decreases. Please can you clarify how will they be able to buy all the bitcoin? At first remember how much bitcoins satoshi owns, consider that those bitcoins won't be sold.
Also consider the fact that despite the demand and any available money, there is not always supply.
With that logic, USA will be able to buy one small country with even their budget, that's not right thinking man.

[micalith]

When they print money and buy bitcoins, this doesn't mean that they will buy at low rate. They will drive the price up and the cost will be very high. In contrary, unlimited printed money will have its own consequences as we are having currently. Let's say that if they buy lots of bitcoins, what will they do with it? You buy a thing to sell higher but if you have the most and the price is too high, you may not find yourself a buyer which results with the instant dump surely. If we realize that all the bitcoins belong to big companies, we can create another coin alternative to bitcoin and let the bitcoins to them. They can do whatever they want with them

[Cryptopher]

You can't buy it all if it isn't all available...

[blckhawk]

It's the logic of supply and demand. Increase the number of printed fiats and you end up crashing its price until it's worthless since there would be too much in the circulation. Limited supply of fiat makes the demand to it rise and thus, makes one unit of it worth something to others. If unlimited fiat is printed, it would just make that currency worthless to people, which in turn means you still can't buy all of the bitcoin. They could do it but your main goal would not be attainable.

[bitcoinst]

Take gold as an example. If someone wants to buy all the gold, then the seller will raise the price until the seller runs out of money, or, in our case, until the gold put up for sale runs out.
Similarly, you can not buy bitcoin that has not been put up for sale.

[Lizzylove1]

This money that is been printed is not gifted to one man or a single organization to use for whatever they like to. The money is suppose to be plugged into the economy for daily business, One person can't just wake up and use the money not available to him to try and buy up bitcoin, if it was possible, the price of bitcoin will just rise beyond every imagination. Although the world economy Mafias do share printed money that are meant for bailout during a troubled economy like we saw in Greece.

[gunhell16]

Nice question, I have a question on that, if a government can issue and print more money why there is a poor country?
Why they can't print more until they manage to have enough bills to give to their people and paid their debt to other countries or world bank?
Is there an international law that you can only be print in a year?

For those countries who don't like bitcoin to be more successful and be gone, why they have an alliance for this and buy all the Bitcoin and leave it in one wallet or burn?

[Anegg]

Simply printing money may seem like the solution to most economic problems to those who do not understand how a country's economy actually works. Obviously a country's central bank has the ability to print money but it this form of quantitative easing has huge impacts on the economy, devaluing the currency and increasing inflation due to the increased supply of notes. If a country did decide on printing money it would most likely only occur when they are trying to reach their inflation targets.

In OP's given scenario, after printing the amount of money required to purchase all of the bitcoin in supply, inflation within the given country would be so high their currency would be worth nothing and the economy would be fully crippled, meaning that there would be no chance for them to buy their desired amount of bitcoin.

[pgbit]

The answer is no, they cannot just buy all the Bitcoins in existence because there are some people out there who don't hold the bitcoin just because of the profits it would fetch them, they believe that bitcoin is the future of money and they want to hold as much of it as possible when bitcoin takes it's rightful place at the top of the currency foodchain, these people wouldn't sell their Bitcoin at all, not to mention the economic disaster it would cause in any country that tries such am underhanded tactics.

[Eclipse26]

They can but they won't. There's a consequence of printing unlimited cash and they wouldn't risk the economy of a country just to buy and hold bitcoin. That's nonsense. They can't depend on bitcoin because of its volatility. If they will do that, if feels like they're putting the while country in a risk.
The government can't print too much money, becaude they have to balance the circulation. If they can, why haven't they do it before to pay all their debt? It's because it'll only cause a major problem.

[Memminger]

Why don’t you think that about countries that have debts? Couldn’t they just print unlimited money so they pay it all off? Or are there repercussions  in doing so? What would the repercussions be by printing a lot of money? Maybe you can look it up in the google first? Maybe that’s the reason the mod had deleted your previous post?

Sometimes asking the right questions solves everything. Also answers might be at the tip of your fingers.

[Devawnm367]

I believe before the federal reserves print  more money the equal destroy that much!!! Or so they say. How many people can take hundreds of thousands of dollars and destroy it.  I am sure some of it gets pocked everyday. But I am sure as far as the government goes I am sure they have began purchasing bitcoin. Lets face it the US dollar is crashing more everyday. Bitcoin has only began to be used!

[Pearls Before Swine]

I made a post like this yesterday, mods removed it with no notice again.

If you made that post in this section, there's a higher probability that someone reported it if it was even in the least bit spammy, and I'm not saying that it actually was.  Bitcoin discussion has a very high proportion of crap posts in it, and a lot of members have been reporting them.

But as to the topic...of course 'they' could buy up all the bitcoin with unlimited fiat that they print at will.  This is the U.S. gov't I assume you're talking about, but it could very well be any gov't.  Why would they, tho?  Who would make that decision?  The U.S. gov't is at least nominally accountable to the voters, and those voters would have a hell of a hard time understanding why their elected leaders used taxpayer money to buy up all the bitcoin in existence.  Even tho it wouldn't amount to a huge amount of money in the grand scheme of things, there would be an outcry that taxpayer money was squandered on something so unnecessary.  Especially if bitcoin dropped dramatically afterward.

Thus there is no threat whatsoever that this is going to happen.  Even if any gov't thinks bitcoin is a threat to their economy, none of them are going to go on a bitcoin buying spree anytime soon.