What if someone bought up all the existing bitcoins?

[pehatas]

All bitcoins will never be bought by anyone, since in any case Bitcoins will gradually be distributed among people. I think that in the future everyone will have approximately the same amount of crypto currency.

[1715293598]

1715293598

[1715293598]

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[joromz1226]

If there will be only one holding the existing bitcoin he or she can manipulate the market then.
we should all accept that the price of any coins in the market is due to selling of the holders.
if we will hold it or put it on selling list with the price we want no tokens or coins will go down.
if we will let all the people to buy and not to put buy wall.

[stayeduptolate]

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

I think this is completely hypothetical and is like next to impossible for anyone to buy the entire bitcoins present and it is just not possible because there are millions of people around the world who are investing in bitcoin and almost every individual is owning some bitcoins so being a decentralised crypto currency, there is no such proper authentic regulating and this is the reason it is impossible to buy all the bitcoins present in the market because I am 100% sure that at least there would be one person from the millions who will not sell his bitcoins to that person.

[aggeyysido]

I do not think that the monopoly on cryptocurrency will have a positive impact on the entire market. It seems to me that this should not be allowed.

[basyang]

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

The way I see things is that, All existing Bitcoin can not be bought by one person. However, it can be possible if the price of it is very low or maybe the cost of it is 1bitcoin is equal to 1dollar. But I think that is really impossible because bitcoin is distributed slowly in many people amd in different countries. And who do you think would do this? Maybe he is a greed person who wants only to have a bitcoin in its wallet.

[runway]

It is impossible to buy all the bitcoins in this market. If one can buy the full amount of bitcoin, this means that the bitcoin has completely collapsed.

[Jyominall]

If one person will own every single bitcoin existence on the market, the currency will sure to collapse. But no one will do that right now, because collapsing all the bitcoin means he is losing all his money there.

[Crypto24hrs]

To me this is nothing but a wishful thinking it is absolutely impossible come to think about it what will the person stand to gain the answer is nothing but should incase He is about to succeed i shall be the last man standing that will make him fail by not saling the only one i have

[vnudelll]

I think that is impossible. That's a huge number that I never thought of.

[TonyHughesDesign]

Ugh... only just found this post.. this must be mental midget hour.. the bigger question is WHY would anybody buy all the bitcoins up! The bitcoin engine would cease to exist. Miner fees would be ridiculous, it would be a platform which would throttle its own neck. People would move on..

[BitBustah]

It would be nearly impossible to buy up all the existing bitcoins.  Excluding the lost bitcoins, the circulating supply is estimated to be somewhere in the 13-14 million range.  The richest known man in the world, Jeff Bezos , has enough wealth to buy all the bitcoins at market price but the problem is his buy orders would make the price skyrocket over 20k and he wouldn't be able to purchase all of them.

[Balayashi]

Well that would be almost impossible, as the less btc would be available to buy, the more valuable it would be. But imagine what would happen if a one could eventually buy the 100% supply? i think, in my honest opinion that it would then drop to nearly zero value.
No more pair to make with btc in trading as there were no more circulating supply, the entire community would eventually move to another coin and make that coin the strong traiding pair. The puersue for btc would eventually stop because you would know that even if you buy back 10 or 20 or 30% of there would always be one guy with more than 51% that could make the price as he want.

[guybrushthreepwood]

Then mine would be worth millions. Supply and demand would come into effect here, but what you're asking is like asking what if someone bought all the gold or gas in the world. They would then have a monopoly, but it would be almost impossible to do because you would need an ever growing pile of cash because the more you bought the scarcer bitcoins would become and would gradually keep pushing the value up in the process. So not going to happen.

The De Beers diamond company tried to do something similar with stones back in the day:

https://www.diamondspot.com/?p=400&lang=en
https://en.wikipedia.org/wiki/De_Beers#Diamond_monopoly

Also, do you know why diamonds are popular as wedding rings? Because it was part of their advertising campaign by the very same company:

https://www.theatlantic.com/international/archive/2015/02/how-an-ad-campaign-invented-the-diamond-engagement-ring/385376/

Nobody really bought diamonds for wedding rings before that. Maybe we could try popularize the phrase "bitcoins are a girls best friend' and then maybe women would get bitcoins instead of rings  .

[tanyeza123]

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

Also, what happens on the off chance that somebody purchases up all the cash in this world? All things considered, suppose, however then endeavoring to purchase all the bitcoins, the purchaser will just stop their cost to the roof and, while proceeding to purchase, will spend all that he paid for purchasing bitcoins.

Not all bitcoins will be set available to be purchased. bitcoins were initially a decent method to spare cash and in this point of view there are now numerous individuals in the bitcoin network who are not prepared just to part with their bitcoins. And additionally gold, nobody can purchase those bitcoins that will long be blocked off for procurement.

[erichall]

It is impossible to buy all the existing Bitcoins because  the price would go up to indefinitely and new Bitcoins will be mined thus adding to the supply. Those who were early will have the greatest benefit.

[Saldom12]

If it does, maybe he is a truly rich person and a person who has a lot of money. Because if you buy a lot of bitcoin it is also beneficial for you in the future to come.

[greg0rioo]

Wow, if there really is, it means that he is a person who has a lot of money and his wealth must also be a lot. Bitcoin is quite expensive and also a good investment tool.

[molla_corda]

In this case, this person will essentially be able to sell these Bitcoins at their own price and become a regulator. That is, the whole essence of anonymity and decentralization will be lost. Separately, it is important to remember that cryptocurrencies are expanding in their volume, as a result of such a regulator will have to constantly buy more, and for a lot of money.

[fosco333]

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

It is not easy to buy all of bitcoin. If you buy much btc on the exchange, the price will go spiking and resulting to higher and higher price to be bought.
Some peoples may cancel their sell order, and put back the order with the higher price and make the price even higher than before.
Need a massive amount of money to buy all of existing btc, almost impossible.

[AnnaJames12]

They would push up the price a tremendous amount. But as for "monopolizing" Bitcoin, what could they do then? Owning a large number of bitcoins doesn't mean you control Bitcoin