If all BTC Gets Bought Up?

[tsaroz]

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.

I'm seeing this saying as not representing what can happen in far future. I believe that in future that bitcoin will all be mined and purchased no matter how costly the price will be. Even it is scarce, you still see sellers making their price and buyers ready to make payment for it.

Bitcoin is something we have never experienced in this world. It's a strange value. There are several ways a limited valuable things can turn to.
With the block reward decreasing with time, we assume the transaction fees would sustain the need of energy required for mining. But with higher price, higher transaction prices and lower transactions, many miners would not be able to sustain themselves bringing more risk to the blockchain. Though I am bullish on bitcoin, I believe, we need to address a number of things so that the bitcoin would be both safe and profitable. If we are not able to do that, people would do what they have always done to things that rare and expensive, find an alternative.

[Darkelf11]

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Bitcoin is something we have never experienced in this world. It's a strange value. There are several ways a limited valuable things can turn to.
With the block reward decreasing with time, we assume the transaction fees would sustain the need of energy required for mining. But with higher price, higher transaction prices and lower transactions, many miners would not be able to sustain themselves bringing more risk to the blockchain. Though I am bullish on bitcoin, I believe, we need to address a number of things so that the bitcoin would be both safe and profitable. If we are not able to do that, people would do what they have always done to things that rare and expensive, find an alternative.

Additionally, if all bitcoins have been mined, that's where the real and most critical issues regarding keeping bitcoin as it is before all bitcoins have been mined. Problems on very high transaction fees will be stable if it can't be addressed as soon as all btc has been mined, this could be critical to those who wants to use bitcoin on whatever purposes they want because of such high tx fees that has been result of mining all bitcoins. No reward to the blocks, then the fee will suffer to such increase.

[Ucy]

If they are buying up and mostly holding, price will definitely shoot up, and there will be enough for everyone. Prices of coins with fixed supply will  shoot up if much of the coin supply are bought and held by people.
 Without price manipulations or suppression (esp through sophisticated processes) things will move naturally as demands shoot up.
 I think it's important to be sure whether they are buying to hold or it's for something else.

[proTECH77]

Bitcoin is a decentralized which is not control by the government or any country in the world. that is why it will not be possible for someone to buy all bitcoin in the market.
By 2041 the 21 million cap on bitcoin quantity estimated to be reached . I don't think all bitcoin can be bought because I don't see any one in this world that can buy all bitcoin in the market.

[Reid]

No worries, at some point they will sell.
That's the time you can enter to buy some.
Also, I doubt that will happen.
If more bitcoin is bought and the price soars because of demand then it becomes a risk.
I don't think whales would enter that kind of risk with lesser profit in the short run. Worse, they end up losing more.

[MShow]

Bitcoin is a decentralized which is not control by the government or any country in the world. that is why it will not be possible for someone to buy all bitcoin in the market.
By 2041 the 21 million cap on bitcoin quantity estimated to be reached . I don't think all bitcoin can be bought because I don't see any one in this world that can buy all bitcoin in the market.

Of course, there can be no such person who would not buy bitcoins at all, but there are many people who can simply buy all the rest.

[bitbunnny]

This is just a theory, a hypothesis that it's not possible in reality. There is no way for someone to buy all Bitcoins, some offers for selling will always be present, demand and supply that is the law of market. I can't see the reason to worry about something that it's not likely to happen at all.

[pawanjain]

If only a few number of people will hold majority of bitcoins even then it would actually depend on the demand at that time which will derive the price of bitcoin.
If there is demand for bitcoin then the price will pump up like anything because only a few people will hold the major chunk of bitcoins and they can decide at what price to sell them.
They can sell them at a higher price or may be not sell them at all.

If the demand is not there at all then the people holding those majority of bitcoins will be of no use because there won't be anybody to buy them.
This won't happen because the probability of bitcoin going is higher than it going downwards in future.

The thing is, bitcoin will only get more stable as it gets more distributed among the people.
If only a few people hold the majority of it then bitcoin would be easy to manipulate bitcoin's price and people won't risk it that much to invest in a easily manipulative cryptocurrency.

[abel1337]

Basically, the demand would be very high depending on the status of the environment. The circulation of bitcoin would be limited and can possibly cause a massive pump or a massive dump. If people got a hard time buying bitcoin, There would be a chance that people would just settle not buying and abandon it cause whales can easily manipulate the price and will have sovereignty over bitcoin and the government would do something about this if this happened.

[shamimal93]

The first thing I want to say is that not all bitcoins on the Bitcoin forum can be purchased by anyone.  It’s an unrealistic thought of yours.  If not for the sake of argument, if the whales want to buy all the bitcoins, then the price of bitcoin will go up a lot.  In that case small miners like us will benefit.

[CryptopreneurBrainboss]

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.

Your worry is the most important reason why we're advice to get our hands on as many bitcoin as we can now that's cheap and still can be accessed by the masses. Time will come when the billionaires and millionaire will pick interest in bitcoin and by then it might be too late and costly to own one bitcoin but that doesn't mean there won't be bitcoin available in the market for trading.

We'll only have 21million bitcoin and there's a world population of over 7 billion humans, now the rich folks are so many that if they all decided to buy bitcoin, the possible of the average enthusiast to own one whole one is not certain.

[charlesmichel1]

The price of Bitcoin is influenced by demand for it. If more people want to buy Bitcoin, its price goes up proportionally. It isn't possible to purchase all coins, no one has enough money.

[pankaj1234]

Bitcoin is now leading cryptocurrencies in the world on every exchanges in this world. It has very limited supply then price will be definitely will go on higher side. Anybody in this world can not bought all btc together because it will needs lots of money. If all btc gets bought up by all arround the world users then it Will definitely touch the highest price. Eight or Nine years ago if you see the bitcoin price you not going to believe what price today the bitcoins are playing. So be patient and see what games bitcoin play from now

[michellee]

I wonder who will buy all bitcoin, even if he has a lot of money, I don't think he will use all of his money to buy all bitcoin. He will think twice to do that because he risks a lot of money just to buy bitcoin. It is not a good idea to use all money to have one investment, and that person better uses the money to have more than one investment. But who knows, there is one or more people who want to buy a huge amount of bitcoin and save it in their wallets for the long term and not move that bitcoin if the price does not reach his target price.

[Xembin]

According to my research only 12.5 Bitcoin can be mined every 10 minutes,show that it will be difficult for one person to  buy all bitcoin because every business man want to make profit not loosing his money for what he will not benefit.
Even though all bitcoin is bought up, I think there will be solution to create more bitcoins for new people to purchase.
 Bitcoin is not a centralized in anywhere in the world. It can change to pump or dump at anytime without taking permission from any government.

[TedMosby]

please dont comment about no one can buy all bitcoins.
this thread more like, "WHAT IF.." question 

when all bitcoin gets bought up, supply and demand mechanism will still be there for you (for us).
naturally, when something is difficult to reach, people will try to have alternatives.

[jaresmerel001]

It doesn't sound realistic to have all the Bitcoins with a human. This implies no trade, no mining of all bitcoins, no investments, which would undoubtedly make bitcoin dead.

[pinggoki]

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?

One thing is for sure no one would buy all Bitcoin supply. Anyway, hypothetically, if that happens Bitcoin price would be really expensive because according to the law of supply and demand "the lower the supply is or the higher the demand the more expensive it will become". It would be difficult for small users to acquire and invest in Bitcoin. Honestly, I can't imagine how the market will turn out if that really happens. The liquidity of Bitcoin in the market could probabaly go down.

[wxa7115]

it is too late to buy all the bitcoin supply because the market has already grown too big and if they start buying up the supply the price keeps going up then starts going up exponentially and before you know it after a 5% buy the price reaches $1 million.

what big whales do is usually buying the dips and buying from weak hands when they panic sell. they do it slowly over the long haul to both not push the price up suddenly and to stay under the radar.

additionally not all the supply is for sale to begin with. there are already so many people who have bought so many different amounts of bitcoin.

Besides the impossibility of this, who on his right mind will want to do that? If someone were to buy the whole bitcoin supply then he will be left alone with the miners and they will just bounce their coins back and forth just as it happened at the beginning of the life of bitcoin, so a whale trying such a crazy move will find itself trapped in a coin that he cannot sell to anyone as the rest of the world losses interest and decides to use another coin not completely monopolized by a whale.

While not the same we have seen similar stories with other coins in the past and if the same scenario happened in bitcoin, no matter how unlikely we know it is, then most probably we will see something similar in which a whale is trapped and cannot get out of a coin without disrupting the market in a massive way and affect itself in the process.

[worldofcoins]

People who owned bitcoin they'll sell it since the price will become double and they will make a smart profit.
After that, all the bitcoin clients will move to other cryptocurrencies. Ethereum is the second-best cryptocurrency and it will become the number one crypto.
If all the bitcoin gets bought up it will increase the other cryptocurrencies price too.