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Author Topic: What if someone bought up all the existing bitcoins?  (Read 28658 times)
tiktak89
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April 01, 2018, 08:49:10 PM
 #141

I don't think that's possible. This is insanely expensive, and it is unlikely that anyone will invest such crazy amounts in unstable bitcoin.

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April 01, 2018, 08:57:46 PM
 #142

It is not possible to buy it because the price left is still much and each of it must be used for several reasons. Permit to say that bitcoin is not under and cannot be under rulership of anybody. Its usage and acceptablity is one of the reasons why someone will think of buying all the unmined coins.

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April 01, 2018, 09:09:17 PM
 #143

I do not imagine how you can buy all the existing bitcoins. Many are already owned by investors. Yes, and it will cost a lot of money. Hardly anyone will be able to afford it.

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April 02, 2018, 01:46:42 AM
 #144

If even such happens then also btcs will still remains because the mining will not be stopped for it. will it??
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April 02, 2018, 04:03:54 AM
 #145

before this happening, bitcoin price will increased dramatically first because the demands of this person.
if you want to buy all bitcoin, it means you need to buy bitcoin from all holders. The holders who want to own bitcoin will
set a high price.

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April 08, 2018, 02:35:45 PM
 #146

I don't know what would happen because that's really an impossible thing. I think so
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April 08, 2018, 02:47:18 PM
 #147

Then the person would end up with a bunch of worthless coins on his hands because if people are not using bitcoins then it has no value so the price would be zero
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April 09, 2018, 06:32:57 PM
 #148

I don't think anyone will be so dumb to dump all his or her moneys on such an unreliable currency -_-
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April 10, 2018, 12:23:49 PM
 #149

It's technically impossible to buy all the existing Bitcoins because  the price would go up to infinity. Plus, new Bitcoins will be mined thus adding to the supply. Those who were early will benefit most.

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April 24, 2018, 01:24:30 PM
 #150

As for me this sounds not very realistic. Even if to imagine such situation, it seems to be strange) I don't think that they would be still valuable if one person has all of them

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April 24, 2018, 01:30:14 PM
 #151

No one can ever buy all the Bitcoins ..
Just as one user explained.. the more you buy them the more will the price increase which would cause problem for the user because the closer he will be to buying Bitcoins more will be the price and there will be a point where he would practically loose all his wealth but still won't be able to buy everything else.


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April 24, 2018, 01:52:42 PM
 #152

And what happens if someone buys up all the gold on Earth? Well, let's say, but then trying to buy all the bitcoins, the "buyer" will simply stop their cost to the ceiling and, while continuing to buy, will spend all that he paid for buying bitcoins.

Not all bitcoins will be put up for sale. bitcoins were originally a good way to save money and in this perspective there are already many people in the bitcoin community who are not ready just to part with their bitcoins. As well as gold, no one can buy those bitcoins that will long be inaccessible for purchase.

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April 24, 2018, 01:57:41 PM
 #153

This is a difficult one. But if many people combine to buy, this is possible. And when this happens, I will not invest in this market anymore. The market is controlled by their will.

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April 24, 2018, 02:22:41 PM
 #154

if someone decided to bought up all the existing bitcoins - the price of bitcoin will increase instantly and in a week we will break through the figure of $100k

                                                                               
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April 24, 2018, 02:41:12 PM
 #155

Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have
some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all,
or most, of all the bitcoins that exist.

Will it be just like the existing economic system where the rich get richer on the backs of the poor?
Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?

I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it
is FUD or how feasible any of it is at all at all.  

Please help me understand and ease my mind in regard to this issue.


Thank you

That was realy imposible to happen because every transactions you made there is a small fee and that fee will goes back to the minable resources of bitcoins so if the buyer buy a bitcoin they need transactions and transactions need a fee and that fee is still a small amount of bitcoin that wont goes to a buyer so all in all calculations it is imposible to happen that anyone can buy all the total supply of bitcoins.

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April 24, 2018, 02:45:33 PM
 #156

It's impossible. Only a part of bitcoins issued to date are found on the exchange markets for sale. New bitcoins will continue to be issued for decades to come. So nobody could buy all the bitcoins in existence.

                                                                               
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April 24, 2018, 02:50:27 PM
 #157

You cannot buy and own all bitcoins around the world that was imposible to happens likely because the more you buy bitcoins the smaller of the total supply is the higher of hes price i think if you own the whole money around the world maybe you could but that was realy imposible to own all the money around the world to buy all bitcoins.


 
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April 25, 2018, 10:19:34 PM
 #158

Do you really think that's possible? In addition, it is unlikely that anyone considers bitcoin to be such a reliable investment that it will spend millions (or maybe billions) of dollars, what to buy all bitcoins.

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April 25, 2018, 10:35:31 PM
 #159

If that happens,its value will be worthless,because that someone or few people will be able to manipulate the whole market, if that happens there will be a centralized cryptocurrency market which makes our market be the same just like what stock,and forex markets.There will be no decentralization as what the cryptocurrencies are created for.

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April 25, 2018, 10:39:03 PM
 #160

I can't imagine anyone daring to redeem all existing bitcoins. But it will be a huge leap forward for bitcoin. The price will go up.

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