supine
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September 29, 2020, 09:13:40 PM |
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If all BTC gets bought up I think the price would rise up and the people who holds them would still sell some they wouldn't just hold it people would still make transaction and miners could get some BTC through it. Those who have little could still earn or buy some in trading sites I am sure that there would be some who are going to sell it since it would be useless to just hold it all if there isn't any price movement.
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pixie85
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September 29, 2020, 09:46:22 PM |
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I can be sure that no one can buy all bitcoins, because so many bitcoins are still in wallets where the key is gone. In case bitcoins are bought in large quantities by an organization or individual, the price will probably go up because the supply is scarce, but that is very unlikely.
Also, that's implying that sellers would even want to sell. If there is a massive initiative (from whomever) to purchase all Bitcoins, I wouldn't be surprised if a few solo/group actors decided to hold on to the Bitcoin to inflate, or save Bitcoin in general. You're right that would happen for sure but let's say they'd want to buy all bitcoins already available for sale. It also wouldn't be possible. As the supply would shrink the prices would start to skyrocket which would as a result make it harder and harder for these buyers to keep up. Say there's a million coins on an exchange for 10 thousand usd. Once they'd buy half of it the price would already double so the next 500 thousand would cost them over 20 thousand each. If they'd keep buying the last 100 thousand would be worth 50 thousand USD each and every bought Bitcoin would increase the price even more making the last coins on the exchange worth probably a million USD each. People who would see these prices would start sending their coins to the exchange and putting them up for 2, 3, 4 million USD to see if those buyers will keep doing what they're doing.
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dunfida
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September 29, 2020, 09:57:15 PM |
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Thoughts. Seems more and more "whales' are getting into BTC
Many are buying up the supply of Bitcoin. Which in turn would make it harder for other people to get.
IF all the supply is bought up. It would make it very hard for others to get BTC.
Now if the whales are buying Whole Bitcoins etc.
Then the value of some of us who just have 0.00054 BTC have little value in the long term?
Almost like putting a whole Bitcoin at a million dollars while the rest of us end up with Pennies?
thoughts? or would having 0.00054 BTC have lots of value if all the whales bought the entire supply?
Thoughts?
You shouldnt mind or stress up yourself much into this matter because the last bitcoin would be mined would be on 2140 which i can say that all of us would be dead on that time.Okay, lets assume that we are still alive and Bitcoin do still exist into that year then it would be probably on new heights when it comes to price but when talking about future then we know that nothing is assured.When it comes to that million price then we cant tell, but for sure people can still own bitcoin if they do liked to, circulation would be still there into those years.
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Twinkledoe
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September 29, 2020, 10:37:23 PM |
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There's no way that bitcoin will be bought by a single person or organization, apart from the total amount of bitcoin they have to purchase there's this massive progressive transaction fee each buy they are going to make. Let's say they buy all the bitcoins, price won't be moving anymore as demand is near zero and supply is locked, they must think they stored all the value but the market for bitcoin will just die.
If they will do that, they just made bitcoin die on its own. I don't think that is a very smart move to do. The reason why btc has value in the market because of this supply and demand and if they will hoard all the btc, how can they have value on that? So nope, that's not gonna happen. There may be whales holding a lot of BTCs but they will not aim to hold all of it. That's nonsense though.
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Shasha80
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September 29, 2020, 10:37:40 PM |
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I am happy if many whales buy Bitcoin, because it will definitely make the Bitcoin price go up. But I am sure there are no whales planning to buy all the Bitcoin, because whales are not just investing in Bitcoin. The money whales own cannot possibly be invested in all Bitcoin. After all, it must require a lot of money if you plan to buy all of Bitcoin, and I bet no whales would want to spend that kind of money.
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Yamifoud
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September 29, 2020, 10:42:42 PM |
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Thoughts. Seems more and more "whales' are getting into BTC
Many are buying up the supply of Bitcoin. Which in turn would make it harder for other people to get.
IF all the supply is bought up. It would make it very hard for others to get BTC.
Now if the whales are buying Whole Bitcoins etc.
Then the value of some of us who just have 0.00054 BTC have little value in the long term?
Almost like putting a whole Bitcoin at a million dollars while the rest of us end up with Pennies?
thoughts? or would having 0.00054 BTC have lots of value if all the whales bought the entire supply?
Thoughts?
What is the purpose of buying it all? And I don't think that someone will accumulate those numbers for jus the seek of being reedy and call himself as a Lord of Bitcoin. I wasn't then to praise him but have to ignore. Even before when the price of Bitcoin is below $1 but nobody thinks it to buy them all because it wasn't the right thing to do. The price moves high eventually as the demand increase but not in a way that someone controlling it.
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sheenshane
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September 29, 2020, 10:43:43 PM Last edit: September 29, 2020, 11:13:55 PM by sheenshane |
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I am happy if many whales buy Bitcoin, because it will definitely make the Bitcoin price go up.
If you're a Bitcoin holder you might be happy for that news and it may have a bullish trend once the demand will increase. But if you are accumulating or your late investor, no you can't. Because you think that Bitcoin is very expensive if the demand will be increased. I don't think if there is a whale accumulator of Bitcoin that can do that, it is hard to play a game in the Bitcoin market if the demand will get higher, for sure the price will increase too and I don't know the whale can still manage on it. I don't know if there's 1 person who will get bought up all Bitcoin, even in this Cointelegraph article asking " If Jeff Bezos Bought All Bitcoin in Circulation", it will probably stack on the miners.
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maxreish
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September 30, 2020, 02:24:12 AM |
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You just overthinking things, buddy. Whales will not forever hold those bitcoins. So it doeant makes sense that others will be hard for them to get those bitcoins. If you ever aware bout the word "volatility", you'll find out the answers why am I saying this. Because thats how it works. Investors will probably wait for the time wherein bitcoin's price will be dumped and when whales will gonna sell of their btc.
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Saisher
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September 30, 2020, 07:42:14 AM |
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There's no way that bitcoin will be bought by a single person or organization, apart from the total amount of bitcoin they have to purchase there's this massive progressive transaction fee each buy they are going to make. Let's say they buy all the bitcoins, price won't be moving anymore as demand is near zero and supply is locked, they must think they stored all the value but the market for bitcoin will just die.
I also agree to that, because investors and hodlers have different plans on how much they are going to sell their coins some are planning to sell when it hit $50k some even higher, some kept their coins for a long time and will only sell it after 20 years or higher, no whales or company can buy all the Bitcoin, it's just hard to do or impossible.
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imstillthebest
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September 30, 2020, 07:57:00 AM |
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the question is identical to the question of if all btc have been mined up ? . the question i brought up has a good answer before so same goes to your question , theres also a positive effect that will happen so dont worry .
so what if you end up with 50k sats above ? but if they buy all the btc , that 50k sats can shoot up to a hundred dollar in fiat form or more than that but who says that you can only get 50k sats ? now that there are still btc left , why not buy more .
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Warkop
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September 30, 2020, 10:59:25 AM |
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I think something like this will not be possible, because some people still want to hold it and never want to throw it away, maybe everyone knows BTC is a very valuable digital asset and will give huge profits when they keep it, so the point is all big investors don't will be able to buy all the BTC to get it.
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witcher_sense
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September 30, 2020, 11:59:57 AM |
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Bitcoin doesn't exist in a vacuum. All of the bitcoins that were ever mined have already been bought up by someone who was willing to pay a certain price. There is no free bitcoins laying out of the economy. Miners are paying for bitcoins via the the electricity consumption, traders and ordinary users are paying for bitcoin by converting their hard earned fiat money into something more valuable. Freelancers are directly recieving bitcoin by offering their skills, their labor and time are exchanged for bitcoin. If they all notice that their earned bitcoins get more valuable due to increased demand, they will likely hodl them and wait for a desirable price.
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yazher
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September 30, 2020, 12:14:52 PM |
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That's not going to happen since the movement of the BTC market is not like that of shitcoins. When someone starting to harvest BTC in the market, the price will greatly increase, and that what's we called bull-run. When something like that happens, the price will rise up to $100,000 for 1 BTC or more. That's why I said from the start, that's not going to happen because whoever does that will drastically lose his money to buy Bitcoins at its peak prices.
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arwin100
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September 30, 2020, 12:15:22 PM |
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Thoughts. Seems more and more "whales' are getting into BTC
Many are buying up the supply of Bitcoin. Which in turn would make it harder for other people to get.
IF all the supply is bought up. It would make it very hard for others to get BTC.
Now if the whales are buying Whole Bitcoins etc.
Then the value of some of us who just have 0.00054 BTC have little value in the long term?
Almost like putting a whole Bitcoin at a million dollars while the rest of us end up with Pennies?
thoughts? or would having 0.00054 BTC have lots of value if all the whales bought the entire supply?
Thoughts?
I also think for this scenario sometimes but most likely it will never happen since there's no rich guy would risk to buy all bitcoins nor any person would take a race to buy all the supply since by the time they execute their orders for sure the price would slowly pump and it will take a lot of money for them to cope the marketcap so for sure this idea will never gonna happen, although there are so many whales around but I believe they are buying enough for their daily usage.
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lovesmayfamilis
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✿♥‿♥✿
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September 30, 2020, 12:41:33 PM |
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You can also notice that no one will be able to buy all the bitcoins. Since a certain percentage was lost forever. And this is about 20 percent or slightly higher. The bitcoin course is based on how interested the crypto community is in it. If Bitcoin can be bought up all, how can its price rise from this? Miners will have nothing to mine, traders will have nothing to trade. Interest can be lost. But as we all know that the last bitcoin will be mined only in 2140, there is no need to worry about it.
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ampu
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CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
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September 30, 2020, 01:22:07 PM |
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They buy for sure, but they get out early when they make a profit. Don't expect someone to hold it for a record price. Markets have been like this for many years and we cannot change them. The law of supply and demand has existed for many years. Bitcoin depends on many factors to increase in price. You need to understand that spot trading also has derivatives such as Margin, futures, and ETFs.
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Peanutswar
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Wheel of Whales 🐳
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September 30, 2020, 02:27:26 PM |
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If that person buys all the bitcoin all over I think it becomes more expensive and they can manipulate all of the things with the use of the bitcoin also it has an impact on the cryptocurrency because some of the coins are have a paired with this. And also there is no price movement is the person bought all the bitcoin and holds it. We do need to circulate all of the things to make a good market flow. Don't be greedy.
But I think it will never happen because even the richest person in the world will not give time and losing money easily just collecting all of the bitcoin. The miners also have a specific number of bitcoin will be mined.
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lebregone
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September 30, 2020, 05:45:32 PM |
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If whales can get something in doing this kind of strategy where they are going to manipulate the bitcoin price by buying almost all the bitcoin supply then it will be possible as they have the power to do so especially if all the big whales will unite in order to do this.
But right now, I cannot see that they are going to do this as they cannot earn a big profit if in case they are going to do this strategy. Right now, whales are holding only 42.1% of all the bitcoin supply.
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7788bitcoin
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September 30, 2020, 05:56:41 PM |
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Thoughts. Seems more and more "whales' are getting into BTC Many are buying up the supply of Bitcoin. Which in turn would make it harder for other people to get. IF all the supply is bought up. It would make it very hard for others to get BTC. I am confused what you are trying to tell, if you have the money you can purchase the coin and how come it will be harder for people to get the coins. If you think that the market will be showing no activity then you have no idea about what you are talking about. The market is open round the clock and millions of bitcoins are traded on a daily basis. The increase in demand means the price rallies.
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